PROTECTING and prioritizing your
family's short-term goals with flexibility
ABSLI SecurePlus Plan
A Non-Linked Non-Participating Individual Life Insurance Savings Plan
Rishi & Shivna Jain / Corporate Professionals
©Aditya Birla Sun Life Insurance Company Limited. All Rights Reserved.
Aditya Birla Sun Life
Insurance Company Limited
02
As you take care of the eveday needs of your family, you also
wish to ensure that they remain financially secure, stable and
strong throughout their lives, irrespective of the circumstances.
Therefore, establishing a guaranteed income source becomes
inevitable. Aditya Birla Sun Life Insurance SecurePlus Plan brings
you a backup income opportunity that not just provides a
consistent earning but also protects your family in their hour of
need. ABSLI SecurePlus Plan provides an option to pay premiums
for a limited period and offers a regular guaranteed income along
with loyalty additions. This Product provides guaranteed income
that is significant to upkeep the financial stability of the
household. Invest in it today to create a secure tomorrow!
WHAT THIS PLAN OFFERS YOU
1. Guaranteed
1
Income: Get regular flow of guaranteed income
for your chosen Benefit Payout Period to safeguard your savings.
2. Loyalty Additions: Loyalty Additions as an additional boost to
your Income Benefit pay-out.
3. Commutation Option: Flexibility to receive a discounted value
of future survival benefits as a lump sum based on your needs.
4. Customizable Benefits: Option to enhance your insurance
cover through riders, which are available at a nominal extra cost.
Presenting
ABSLI SecurePlus Plan
©Aditya Birla Sun Life Insurance Company Limited. All Rights Reserved.
Rishi & Shivna Jain / Corporate Professionals
1
Provided all due premiums are paid
03
Type of Plan
Coverage
PLAN AT A GLANCE
Product Specifications
A Non-Linked Non-Participating Individual Life
Insurance Savings Plan
All Individuals (Male | Female | Transgender)
Annual | Semi-Annual | Quarterly | Monthly
Mode Annual Semi-annual Quarterly Monthly
0.0% 3.5% 5.0% 6.0%
Modal Factors
Age of the Life Insured
at Ent (age as on last
birthday)
Minimum
Maximum
1* year
* In case the Life Insured is a minor, the Policy will automatically vest once the life insured
attains the age of majority. The risk coverage for the minors will start from the policy issue date.
Note:-
1) The PPT and PT once chosen at policy inception, cannot be changed thereaer.
2) The Benefit Payout Period commences aer the end of the Policy Term, during which the Survival
Benefit is payable to the Policyholder. It is chosen at policy inception and cannot be changed thereaer.
Maturity Age of the Life
Insured (age as on last
birthday)
Premium Payment Term
(PPT), Policy Term (PT)
and Benefit Payout Period
Premium Payment
Term (PPT)
Policy Term (PT)
Benefit
Payout Period
Premium Payment
Frequency and Modal
Factors
Minimum Annualized
Premium
60 years
Maximum
77 years
Minimum
18 years
` 50,000
` 3,50,000
No Limit (subject to Board Approved Underwriting Policy)
6 years 6/7/8/9/10/11 years 6/8/10/12 years
8/9/10/11/12/13 years 6/8/10/12 years
10/11/12/13/14/15 years 6/8/10/12 years
12/13/14/15/16/17 years 6/8/10/12 years
8 years
10 years
Option 1 Option 2
7x
11x
Maximum Annualized
Premium
No Limit (subject to Board Approved Underwriting Policy)
Maximum Sum Assured
Sum Assured Multiple
Premium
Bands
Annualized
Premium
(in `)
50,000
to
74,999
75,000
to
1,49,999
1,50,000
to
2,99,999
3,00,000
to
4,99,999
5,00,000
to
24,99,999
25,00,0
00+
Band 1 Band 2
Band 3 Band 4 Band 5 Band 6
The benefits under this product va by premium bands as
mentioned below:
Premium bands
Minimum Sum Assured
12 years
Death
Benefit
In case of death of the Life Insured anytime during the Policy
Term, provided the Policy is in-force and not under Lapsed or
Reduced Paid Up mode, We will pay the “Sum Assured on Death”
to your nominee/beneficia:
“Sum Assured on Death” is defined as higher of:
a. 150% of Total Premiums paid till the date of death
b. Sum Assured
Staggered Death Benefit Option
The nominee/beneficia will have an option to receive the Death
Benefit in annual/monthly installments payable at the end of the
year/month instead of a lump-sum, over a period of 5 years.
Once the Installment mode has been opted by the nominee/
beneficia, it cannot be changed later.
If, having elected the Staggered Death Benefit Option, the
nominee/ beneficia would subsequently like to get a lump sum
instead of the installments anytime during the 5 year period; a
discounted value of the outstanding benefits shall be paid to the
nominee/beneficia as a lump sum.
KEY BENEFITS OFFERED UNDER THE PLAN
Benefit Details
Survival
Benefit
On surviving till the end of Policy Term, Income Benefit is payable
to you for 6, 8, 10 or 12 years at the end of the period (monthly,
quarterly, half yearly or annually) as per the Benefit Payout
Frequency chosen.
The Survival Benefit applicable is mentioned below:
Income Benefit:
Income Benefit, expressed as a percentage of Annualized Premium,
will be paid to you which varies by your Age at ent, Premium
amount, Premium Payment Term and Benefit Payout Period.
For ent ages above 50 years, if the Policyholder chooses Sum Assured
multiple as per Option 2, the Income Benefit is enhanced by 2%.
Loyalty Addition:
We will enhance your Income Benefit eve year during the Benefit
Payout Period by adding a Loyalty Addition, provided all premiums
have been paid during the Premium Paying Term.In case of death
of the Life Insured during the Benefit Payout Period, the Income
Benefit and Loyalty Addition will continue to be paid to the
nominee/beneficia.
Maturity
Benefit
At the end of the Policy Term, You will have the flexibility to use the
commutation option wherein, at any time on or aer end of the Policy
Term, if You would like to get a lump sum instead of the Income
Benefits, the commuted value of the outstanding benefits shall be paid
as a lump sum.
For added protection, you can enhance your risk coverage during
the Policy Term by adding following riders at a nominal extra cost.
• ABSLI Accidental Death Benefit Rider
2
Plus
(UIN: 109B023V02)
• ABSLI Critical Illness Rider
2
(UIN: 109B019V03)
• ABSLI Surgical Care Rider
2
(UIN: 109B015V03)
• ABSLI Hospital Care Rider
2
(UIN: 109B016V03
• ABSLI Waiver of Premium Rider
2
(UIN:109B017V03)
2
There are exclusions attached to the riders. Please refer rider
brochure for more details
You may be entitled to certain applicable tax benefits on premiums
paid and on benefit(s) received under your policy. Please note that
all the tax benefits are subject to tax laws prevailing at the time of
payment of premium or receipt of benefits by you. It is advisable to
seek an independent tax advice.
Rider
2
Benefits
Tax
Benefit
Please Note, Loyalty Addition is applicable only for policies that
have paid all the due premiums under the policy.
Benefit Payout Frequency:
At policy inception, You will have the option to receive the Income
Benefit in annual or semi-annual or quarterly or monthly frequency.
You have the flexibility to change the chosen Benefit Payout
Frequency during the Policy Term or during the Benefit Payout
Period as per Your changing needs. In case the Benefit Payout
Frequency is changed during the Benefit Payout Period, the change
will be effective from the subsequent policy anniversa.
04
HOW DOES ABSLI SECUREPLUS PLAN WORK FOR YOU?
Mr. Sharma, aged 35 years, invests Rs. 1,00,000 p.a. in ABSLI SecurePlus Plan.
He opts for 12 years Premium Payment Term with 13 years Policy Term and 12 years
of Benefit Payout Period. He chooses to receive his Income Benefit annually. His Sum
Assured is ` 12,50,000.
Scenario 1: Mr. Sharma survives through the Policy Term and receives Income
Benefits throughout the Benefit Payout Period.
Scenario 2: Mr. Sharma dies in the 7th year of the policy during his Premium Payment
Term, his nominee will receive the Death Benefit.
Premium Paying Term
`1 lakh paid for 12 years
Total Premiums Paid 12 lakh
0 1 2 12 13 14 15 16 17 18 19 20 25
Policy Term
Benefit Payout Period
Survival Benefit (215.25% of AP) = Annual Income + Loyalty
Addition
= Rs 2,15,250 paid p.a. for 12 years
Total Survival Benefit paid across 12 years = Rs 25,83,000
0 1 2 7 8 9 10 11 12 13 14 20 25
Death Benefit of ` 12,50,000 (Sum Assured on Death)
paid to nominee as lump sum & policy will terminate
` 1 lakh paid for 7 years
Total Premiums Paid ` 7 lakh
Policy Term
Benefit Payout Period
Contact our advisor or visit our website www.adityabirlasunlifeinsurance.com to know more about the
various solutions. We provide a wide range of Life Insurance solutions to cater to your specific
protection needs.
Health
Plans
Children's
Future
Protection
Plans
Retirement
Plans
Wealth Plans
with Protection
Savings Plans
with Protection
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.
Aditya Birla Sun Life
Insurance Company Limited
“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.”
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). GST and any other applicable
taxes will be added (extra) to your premium and levied as per extant tax laws. An extra premium may be charged as per
our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc.
This product shall also be available for sales through online channel. Policies sourced through POS channel will not
have any medical examination. Tax benefits may be available as per prevailing tax laws. For more details and
clarification call your ABSLI Insurance Advisor or visit our website and see how we can help in making your dreams
come true. 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 Agent Advisor or intermediaries for giving a detailed
presentation of the product before concluding the sale. Should you need any further information from us, please
contact us on the below mentioned address and numbers. For more details on risk factors, terms and conditions,
please read the sales brochure before concluding the sale.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale. Aditya
Birla Sun Life Insurance Company Limited. Registered Office: One World Center, Tower 1, 16th Floor, Jupiter Mill Compound,
841 Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. IRDAI Reg No.109 Call Centre: 1-800-270-7000
www.adityabirlasunlifeinsurance.com CIN: U99999MH2000PLC128110 UIN: 109N102V05 ADV/12/21-22/1804
