Life is all about achieving your dreams without the fear of uncertainties. Dreams are essential as they provide the motivation and determination for succeeding in Life. With a disciplined approach and adequate life insurance cover, all your dreams can become a reality. So, wouldn’t it be great if you get a cushion of Guarantee to fulfil your dreams?
Yes! With ABSLI Assured Savings Plan, you can create a cushion of Guarantee for all your dreams. ABSLI Assured Savings Plan provides life insurance cover and savings benefits to safeguard your family members from financial crisis in case of an unfortunate event, while helping you accumulate lumpsum benefits to achieve all your dreams.
DEATH BENEFIT
In the event of death of the Life Insured during the Policy Term and provided that the Policy is In-force, the Death Benefit will be payable to the Nominee(s)/ Legal heir(s). Nomination can only be effected if the Policyholder and Life Insured are the same.
We will pay a lump sum guaranteed “Death Benefit” which shall be, if:
Where, The Sum Assured on death is:
For Single Pay policies:
For Limited Pay policies: Higher of,
where Sum Assured is equal to a multiple, depending upon Life Insured’s age at inception of the Policy, of the Annualized Premium or Single Premium.
Maturity Benefit
On Survival of the Life Insured till the end of the Policy Term provided the Policy is in-force and all due Instalment Premiums under the Policy have been paid, you will receive lumpsum Maturity Benefit which shall be:
This option is available only for Limited Pay Policies. If this option has been chosen at inception of the Policy, then under this option, two lives, the Primary Life Insured and the Secondary Life Insured (spouse) are covered under the same Policy. This option needs to be chosen at the inception of the policy and cannot be changed subsequently. The coverage for the secondary life insured will be equal to 20% of the Sum Assured of the Primary life insured.
For further queries, please refer to the product brochure.
Please fill the table below in a crisp and to the point manner
Product Specifications
Type of Plan
A Non-Linked Non-Participating Individual Savings Life Insurance Plan
Coverage
All Individuals (Male | Female | Transgender)
Benefit Option
Lumpsum Payout at Policy Maturity
Premium Payment Term (PPT) & Policy Term (PT)
Premium Payment Term (Years)
Policy Term (Years)
Minimum
Maximum
Single Pay
5
20
10
35
6
12
7
13
8
14
9
15
16
11
17
18
Age of the Life Insured at Entry (Age as on last birthday)
Single Life: 30 days*
Joint Life: 18 years
* In case the Life Insured is a minor, the Policy will automatically vest in favour of Life Insured after attainment of majority of the Life Insured. For policies issued on minor life, the date of commencement of risk shall be the date of commencement of the policy.
Single life: 65 years
Joint Life: 50 years
Single Pay Option B: 50 years
Maturity Age of the Life Insured (Age as on last birthday)
18 years
85 years
Single Pay Option B: 70 years
Minimum Annualized Premium
Single Pay: Rs.100,000
5 Pay: Rs.20,000
6-12 Pay: Rs.30,000
Maximum Annualized Premium
No Limit (subject to Board Approved Underwriting Policy)
Premium Payment Frequency and Frequency Loadings
Frequency
Annual
Semi-annual
Quarterly
Monthly
Modal Factors
0.0%
3.5%
5.0%
6.0%
Premium Bands
The benefits under this product vary by premium bands as mentioned below:
Annualized Premium
Band 1
Band 2
Band 3
Band 4
Band 5
Band 6
NA
100,000 to 199,999
200,000 to 499,999
500,000 to 24,99,999
25,00,000 & above
Limited Pay
Upto 49,999
50,000 to 99,999
POS Boundary Conditions
60 years
Joint Life and Single Pay Option B : 50 years
65 years
Minimum Annualized
Premium
Maximum Sum Assured on Death
Rs. 25,00,000
Mode
Modal Loading
*Provided all due premiums are paid.
Life Insurance coverage is available in this product.
DBS Bank India Limited (IRDAI of India Registration Number: CA 0257) having the registered office at GF: Nos. 11 & 12, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Corporate Agent of Aditya Birla Sun Life Insurance Company Limited. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. The Insurance product is underwritten by Aditya Birla Sun Life Insurance Company Limited. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank.
This is a Non-Linked Non-Participating Individual Savings Life Insurance Plan. This Policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). All the benefits are payable subject to the terms and conditions of the Policy. This product shall also be available for sales through online channel. All policy benefits are subject to policy being in force. “We”, “Us”, “Our” or “the Company” or “ABSLI” means Aditya Birla Sun Life Insurance Company Limited. “You” or “Your” means the Policyholder. Policyholder and Life Insured can be different under this product. In all situations, it is ensured that the Policyholder has an insurable interest in the Life Insured. For other terms and conditions, request your DBS relationship Manager or reach out to the nearest DBS branch for giving detailed presentation of the product before concluding the sale.
Tax benefits under the policy are subject to conditions prescribed under Section 123 (read with Schedule XV, Sr. No. 1, 2, 4 & 5), Section 11 (read with Schedule II, Sr. No. 2), and Section 202 and other applicable provisions and schedules of the Income Tax Act, 2025. Security Transaction tax (if any) will be deducted as per prevailing tax laws. Taxes, if any will be charged extra as per applicable rates. Tax laws are subject to amendments from time to time. Please consult your tax advisor for more details.
“The Trade Logo “Aditya Birla Capital” Displayed Above Is Owned By ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) And Used By ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the License.”
Aditya Birla Sun Life Insurance Company Limited Registered Office: One World Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. Customer Helpline Numbers: 1-800-270-7000 Website: https://lifeinsurance.adityabirlacapital.com IRDAI Reg No.109 CIN: U99999MH2000PLC128110 UIN: 109N134V14 ADV/6/26-27/282
BEWARE OF SPURIOUS / FRAUD PHONE CALLS!
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
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