You are advised to consult your tax advisor for details. Tax benefits are subject to changes in the 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. GST and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. All terms and conditions are guaranteed throughout the policy term, except for the bonuses which would be declared at the end of each financial year. This is a traditional participating endowment plan. This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). You can opt for either ABSLI Accidental Death and Disability Rider or ABSLI Accidental Death Benefit Rider Plus, and not both.įor more details on the above mentioned benefits, please refer to the product brochure. ABSLI Waiver of Premium Rider (UIN: 109B017V03).ABSLI Accidental Death Benefit Rider Plus (UIN: 109B023V02).ABSLI Hospital Care Rider (UIN: 109B016V03).ABSLI Surgical Care Rider (UIN: 109B015V03).ABSLI Critical Illness Rider (UIN : 109B019V03).ABSLI Accidental Death and Disability Rider (UIN: 109B018V03).In the event the life insured dies after the premium paying term, we shall pay to the nomineeįor added protection, ABSLI Vision LifeIncome Plan can be enhanced with the following riders for a nominal extra cost: Accrued bonuses as on date of death plus.

In the unfortunate event of the death of the life insured during the premium paying term, we shall pay to the nominee In the event the life insured survives to the end of the policy term, we shall pay to the higher of sum assured or 105% of total premiums paid to date plus the terminal bonus 1. In the event the life insured survives to the end of each subsequent policy year, you will receive an income benefit of 5% of Sum Assured and bonus from the last policy year.ġ Some benefits are guaranteed and some benefits are variable with bonuses based on the future performance of the participating business and economic conditions In the event the life insured survives to the end of the premium paying term, you will receive the accrued bonuses 1 till date. ABSLI Pradhan Mantri Jeevan Jyoti Bima YojanaĪBSLI Group Bima Yojana Plan (Micro Insurance)

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