Aditya Birla Sun Life Insurance Life Savings/Investment

Plans “Are you new to investing? Well, let us help you with whatever we can. Namaste and welcome to our webpage about Birla Sun Life Investment Plans.

What should you do more important before investing?

Well, check out the plan and the fund house that provides it! THEY covered all the information that you should know about the ABSLI plans. They range from cost to features and advantages to return the rates you need. This Assured Savings Plan offers guaranteed savings and life insurance coverage. This program provides lump sum benefits at maturity and loyalty additions to provide financial support to your family during unfortunate events.

Benefits of Aditya Birla Sun Life Insurance Life Savings and Investment Plans

There are three main reasons why life insurance LIFESAVING AND INVESTMENT PLANS are required. They are:

• Providing for the family: Your family counts on you for all their expenses. As a result, your absence from the future may bewitch their hopes and dreams. A life insurance policy reduces their dependency on a single breadwinner and helps with household management.
  
  
• Debt Repayment: Your outstanding loans (home or business, private debt) may haunt your family in your absence. Lenders can harass your family for their money. And your relatives might have to sell the house to pay off these debts.
  
  
• Achievement of milestones: You can take a life plan that matures after many years. This means you will have a huge fund after maturity. That’s why you can use it for critical expenses such as the future education of children and even the purchase of a second home.

Types of Investment Plans offered by Aditya Birla Sun Life Insurance

ABSLI’s portfolio includes several plans such as retirement,

wealth, savings, children’s plans, traditional investment plans, children’s plans, and protective solutions.

This article will focus on the traditional investment plans that ABSLI has put forward.

They have a long-term investment goal, and the money cannot be withdrawn before the end of the policy.

Note: All information about the benefits and eligibility of the products comes from the official Aditya Birla Sun Life Insurance website.

BSLI Vision Money Back Plus Plan

The program is a traditional life insurance program with a life insurance guarantee.

Product Benefits

• Every four or five years, you will receive a survival allowance as a percentage of the Insured Sum.
  
  
• The death benefit payable will be the insured Sum upon
  
  death; plus the regular premiums accrued on the date of death; plus the final premium (if applicable).
  
  
• The maturity benefit will consist of regular premiums accrued up to the date plus the terminal premium (if any).
  
  
• You are eligible for tax benefits under section 80C and section 10 (10D) of the Income Tax Act, 1961.

	Entry Age
Eligibility	13-45 years
Policy Term	20|24|25 years

Premium payment period.

• 10 years and 20 years.
  
  
• 12 years if you have a 24- or 25-year contract.

The minimum amount insured.

1. 1,00,000

Premium Frequency

Annual, half-year, quarterly and monthly.

BSLI Vision Life Income Plan

A traditional Participating Whole Life program where you get 5% of the insured Sum each year plus an annual premium after the premium period.

Product Benefits

• Survival benefits will be 5.0% of the insured amount plus a current policy year premium payable at the end of the premium period.
  
• The death benefit payable will be the larger of the insured amount or ten times the annualized premium or 105% of the total premiums paid to date. In addition, he accumulated premiums on the date of death, plus the final premium (where applicable).
  
  
• The death benefit payable will be greater if a person dies after the contribution period: insured amount or ten times the annualized premium or 105 percent of the total premiums.
  
  
• You are eligible for tax advantages under sections 80C, 80D, and 10(10D) of the Income Tax Act, 1961.

• Eligibility Entry Age – 30 days-60 years

• Policy Term – Lifetime up to 100.

• Premium payment period.

• 8 | 10 | 12 | 15-40 years old.

• The minimum amount insured.

• 1. 2,00,000

• Premium Frequency

• Annual, half-year, quarterly and monthly.

BSLI Vision Endowment Plan

A traditional life insurance policy with participation where you can select the premium based on the chosen amount insured.

Product Benefits

• The death benefit payable will be the insured amount at
  death; plus the regular premiums accrued on the date of death; plus the final premium (if any)
  
  
• Option A: The Sum insured at death cannot exceed 100% of the Sum insured or the Sum insured at maturity or ten times the annual premium payable.
  
  
• Option B: The insured amount at death is up to 150% of the insured amount or the guaranteed term amount or ten times the annual premium payable.

Eligibility Entry Age – Thirty days to age 60.

Policy Term – 10-40 years old.

Premium payment period- 7, 10, 15, 20, regular payroll.

Sum Assured – 1. 1,00,000

Minimum Premium – 1. 2,495 p.a.

BSLI Savings Plan

A traditional participating life insurance program that helps you grow your savings regularly throughout the policy term.

Product Benefits

• You have the flexibility to choose the contract and duration of premium payment with the insured amount.
  
  
• You may take a loan against that policy.
  
  
• In the event of accidental death, a supplementary amount is insured.
  
  
• Guaranteed additions are obtained for the first five years at the end of each contract.
  
  
• The maturity benefit will be the insured amount plus accrued guaranteed additions plus the accrued regular premium plus the final premium.

Eligibility Entry Age – 18-50 years

Policy Term – About 10, 15, 20.

Premium Pay Period – For a 10-year policy period: Regular pay. For a 15-year policy period: 10 years – Regular pay For a 20-year policy period: 10 years, 15 years – Regular pay.

Sum Assured – 1. 30,000 – Minimum Rs. 10,00,000 – Max

Premium Frequency – Annual, half-year, quarterly and monthly.

BSLI Vision Life Secure Plan –

Traditional whole life insurance provides your family with complete financial protection until they turn 100.

Product Benefits

• The term benefit will be paid as an insured sum plus the accrued regular premiums plus the final premium (if applicable).
  
  
• The death benefit payable will be the guaranteed death benefit, plus the accrued regular premiums on the date of death, plus the death benefit.
  
  
• In the case of death before the effective date of the risk, only the basic premiums paid to date (excluding GST, if any) are payable as a death benefit.

Eligibility Entry Age – Thirty days to age 60.

Policy Term – 15 to 35 years

Premium payment period – Regular pay

The minimum amount insured – 1. 2,00,000

Minimum Premium – Rs.12,000 p.a.

BSLI Income Assured Plan –

A traditional non-participant life insurance program where you can choose the duration of your pay and the time of your policy.

Product Benefits

• Option A: Insured income of 8.0% of the insured amount per year payable monthly after the term of premium payment until the expiry of the policy.
  
  
• Option B: Earn insured income and receive it as a lump sum payment at the end of the contract term. The accumulated guaranteed income will rise to 130% and 150% (for 22 and 25 years).
  
  
• Guaranteed additions are added after the premium period ends, up to every quarter’s policy expiry date.

• The death benefit payable will be the insured amount at death plus the guaranteed additions accrued at death.

Eligibility Entry Age – 8-60 years

Maximum age of maturation –

• 5 years with a duration of 15 years.
  
  
• 7 years for 17 | 22 years old.
  
  
• 10 yrs for 20 | 25 yrs.

Sum Assured – 1. 1,00,000

Premium Frequency – Annual, half-year, quarterly and monthly.

BSLI Vision Regular Returns Plan –

The BSLI Vision Regular Returns Plan is a traditional participative staffing plan aimed at helping clients plan for their future financial goals through affordable life insurance and savings plans. The BSLI scheme pays survivors’ benefits starting in the fifth year. They offer an excellent mix of savings, financial protection, and liquidity for policyholders and their families.

BSLI Vision regular return program eligibility requirements. Entry Age

• Min – 13 years.
  
• Max – 45 years.

• Maturity Age

• Maximum – age 65.

• Sum Assured

• Minimum – Rs.2 lakhs

BSLI Vision Endowment Plus Plan –

A traditional life insurance policy with participation where you can select the premium on the basis of the chosen amount insured.

Product Benefits

• The death benefit payable will be the insured amount on death plus the regular premiums accumulated on the date of death. plus terminal incentive (if applicable)
  
  
• Option A – The insured amount on death cannot exceed 100% of the insured or the guaranteed amount upon maturity. Even ten times the annual premium paid.
  
  
• Option B – The insured amount at death cannot be more than 150% of the insured or at maturity or ten times the annual premium payable.
  
  
• The maturity benefit will be the guaranteed amount at maturity, plus premiums earned to date, plus the final premium (if applicable).

• Eligibility Entry Age – 30 days-60 years

• Policy Term – Between the ages of 10 and 40.

• Premium payment period – 7, 10, 15, 20 years, Regular Pay

• Sum Assured – 1. 1,00,000

• Minimum Premium – 1. 2,495 p.a.

BSLI Guaranteed Future Plan

Birla Sun Life Insurance Guaranteed Future Plan is insurance that guarantees you will save money throughout your life. Take care of all future events such as child marriage, education, etc. Not only that, the plan also offers insurance coverage for your sudden and unfortunate disappearance. The plan will help you save for every important milestone in your life. This is while keeping your family out of any regrettable crisis.

• Eligibility Criteria for BSLI Guaranteed Future Plan: Age at entry

• 18 to 50 years of age Nationality

• Indian

Major features of the BSLI Guaranteed Future Plan.

• Plan type – Participating in the unit-linked endowment plan.

• Plan Basis – Individual

• Premium payment terms – Regular Pay

• Policy term – 8 to 20 years on the condition that the maximum age at maturity is 70 years.

Method of payment of premiums.

Monthly, quarterly, half-year, and annual.

Why do you need an Aditya Birla Sun Life Insurance Life Savings and Investment Plan?

• Financial safety and regular income for life after retirement.
  
• Financial support for higher learning or child marriage. Investing options to grow your money through plans in units of account. Options for protection against critical diseases like cancer.

How to Apply for Aditya Birla Sun Life Insurance insurance

Investment Plans

Online Application

• ABSLI offers only ABSLI SecurePlus Plan through its online medium. You can then negin by visiting the official portal of ABSLI and selecting the Buy Now option.
  
  
• Next, pick the ABSLI SecurePlus Plan.
  
  
• Next, you will be asked to fill in your main details and the cover provided, and the premium.
  
  
• Post that selection, you need to submit the application details, and then you will immediately receive a quote.
  
  
• Pay the premium via debit/credit/net banking.

Offline Application

Anyone can buy any of ABSLI’s life insurance plans via banks, brokers, agents, and intermediaries who will help you with the application process.

FAQs