HSL Mobile App Aditya Birla Sun Life Insurance SecurePlus Plan
A traditional non-participating Life Insurance plan.
UIN:109N102V02
Key Features
- Flexibility to choose the amount you wish to pay eve‑ year
- Flexibility to choose the Income Benefits
- Option A: if you want to receive Income Benefit equal to 100% to 600% of Annual Premium for 6 years during payment period after the completion of policy term.
- Option B: if you want to receive Income Benefit equal to 200% of Annual Premium for 12 years during payment period after the completion of policy term.
- Inbuilt Accidental Death Benefit
- Enhance your insurance with appropriate rider option
ABSLI SecurePlus Plan Other Details
| Entry Age | 5 years - 50 years (age last birthday) |
| Policy Term | 13 years |
| Minimum Basic Sum | Rs. 5,22,000 |
| Assured (BSA) | |
| Income Benefit | After the completion of the policy term, you will start receiving Income Benefit payouts at the end of each year during the Payment Period which are fully guaranteed. |
| Death Benefit | In case of the unfortunate demise of the life insured during the policy term, the sum assured on death will be paid to the nominee. However, if life insured is different from the policyholder, the policyholder will receive the death benefits. The policy shall be terminated once the Death Benefit is paid. |
| Sum Assured on death will be higher of: | |
| • 10 times of the annual premium (excluding GST and cess, any applicable rider premiums and underwriting extras, if any); or | |
| • 105% of the total premiums paid as on the date of death (excluding GST and cess, any applicable rider premiums and underwriting extras, if any); or | |
| • Maturity Sum Assured^^; or | |
| • Sum Assured | |
| ^^where Maturity Sum Assured is the commuted value of outstanding Income Benefit on maturity date | |
| Maturity Benefit | On maturity date, you can choose to receive the commuted value of the Income Benefit as a lumpsum. The commuted value currently shall be calculated using a discounting rate of 9.00% per annum. This discounting rate is not guaranteed and is subject to change in future with prior IRDAI approval. Once the maturity benefit is paid, the policy shall be terminated. No Income Benefit shall be payable thereafter. |
| Surrender Benefit | The Guaranteed Surrender Value shall be a percentage of premiums paid (excluding GST and cess, any applicable rider premiums and underwriting extras, if any). The Guaranteed Surrender Value will vary depending on the year the policy is surrendered |
| Loan Benefit | You may take a loan against your policy once it has acquired a surrender value. The minimum loan amount is ₹ 5,000 and the maximum is 85% of your surrender value. |
| Customisable Benefits | For added protection, you can enhance your insurance coverage during the policy term by adding following riders for a nominal extra cost. |
| • ABSLI Critical Illness Rider (UIN: 109B019V03) | |
| • ABSLI Surgical Care Rider (UIN: 109B015V03) | |
| • ABSLI Hospital Care Rider (UIN: 109B016V03) | |
| • ABSLI Waiver of Premium Rider (UIN: 109B017V02) | |
|
Premium Payment Options |
Flexibility to choose the Income Benefits |
| Option A: if you want to receive Income Benefit equal to 100% to 600% of Annual Premium for 6 years | |
| Option B: if you want to receive Income Benefit equal to 200% of Annual Premium for 12 years | |
| Pay Term | • For Income Benefit Option A – 6 years (from the completion of policy term) • For Income Benefit |
| Option B – 12 years (from the completion of policy term) |
Disclaimer
HDFC Securities limited is a Corporate agent of Aditya Birla Sun Life Insurance Company under IRDAI Registration No: CA0062 and does not underwrite the risk or act as an insurer.
Registered Address: I Think Techno Campus, Building B " Alpha", Office Floor 8, Opp Crompton Greaves, Near Kanjurmarg Station, Kanjurmarg (East), Mumbai - 400 042. Participation by the clients in the insurance products is purely on a voluntary basis.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating traditional insurance plan. All terms & conditions are guaranteed throughout the policy term. GST will be added (extra) to your premium and levied as per extant tax laws. For more details on risk factors, terms and conditions, please refer to the sales brochure before concluding the sale. Tax benefits are subject to changes in the tax laws. Aditya Birla Sun Life Insurance Company Limited
(Formerly Birla Sun Life Insurance Company Limited) Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. IRDAI reg no.109 CIN: U99999MH2000PLC128110 Tollfree no:- 1800-270-7000 ADV/3/17-18/1998
| IRDAI hereby clarifies to the public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call and number. |
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