Aditya Birla Sun Life Insurance Vision MoneyBack Plus Plan UIN – 109N093V04 TRA/2/19-20/1724 For Internal Circulation Only
Who am am I? I? I have short term milestones I want to plan for My current earning pattern and lifestyle prevents me from making long term financial commitments UIN – 109N093V04 My milestones are not fixed and so are my need for TRA/2/19-20/1724 money then I am the new generation For Internal Circulation only
My y reasons of of not buyi ying an an in insu surance plan lans I need to wait for the end of the policy term to receive the benefits I need to pay for the entire policy term UIN – 109N093V04 TRA/2/19-20/1724 I will receive the benefits only as scheduled in the plan I don’t need insurance. I am too young to die For Internal Circulation only
ABSLI Vision MoneyBack Plus Plan UIN – 109N093V04 TRA/2/19-20/1724 Enjoy life’s small joys with guaranteed payouts at regular intervals For Internal Circulation only
Eligibility Entry Age 13 – 45 years Policy Term 20 | 24 | 25 years 10 years for 20 year policy term Premium Paying Term 12 years for 24, 25 year policy terms Minimum Sum Assured Rs. 100,000 UIN – 109N093V04 TRA/2/19-20/1724 Annual, Semi-annual, Quarterly, Monthly Premium Frequency For Internal Circulation only
Choose Sum Assured Sum um Assured Ban and Ban and 1 Ban and 2 Ban and 3 Ban and 4 Sum Assured (Rs.) 100,000 to 199,999 200,000 to 399,999 400,000 to 799,999 800,000 & above High Sum Assured Rebate Sum um Assured Ban and Ban and 1 Ban and 2 Ban and 3 Ban and 4 Rebate per 1000 SA nil 1.00 5.00 7.00 UIN – 109N093V04 TRA/2/19-20/1724 Modal Rebate Pay y Frequency Ann nnual Semi-annual Quar arterly ly Mon onth thly ly Rebate 5.0% 2.0% 0.0% 0.0% For Internal Circulation only
Benefits Bonuses Participating plan; ABSLI shall declare reversionary bonus on 1 st July every year during policy term. ❑ Bonus applicable to all in-force policies having anniversaries between 1 st July and 30 th June of ❑ following year ❑ Simple Revisionary Bonus applicable to this plan ❑ Based on actual experience ABSLI may declare Terminal Bonus UIN – 109N093V04 TRA/2/19-20/1724 For Internal Circulation only
Guaranteed Survival Benefit The Survival Benefit which is a percentage of Sum Assured and is paid every fourth or fifth year as chosen throughout the Policy Term in the following options: Premium Paying Term Premium Paying Term / / Policy Term Policy Term Survival Benefit Year 10/20 12/24 Survival Benefit Year 10/20 12/25 4 th 5 th 10% 10% 15% 15% 8 th 15% 15% 10 th 20% 20% UIN – 109N093V04 TRA/2/19-20/1724 12 th 15 st 20% 20% 25% 25% 16 th 20 th 25% 25% 40% 30% 20 th 30% 30% 25% - 45% 24 th - 35% For Internal Circulation only
Deferred Guaranteed Survival Benefit Life insured can choose to defer the due Guaranteed Survival Benefit until the time the next Guaranteed Survival Benefit is due to be paid. On deferral the Guaranteed Survival Benefit will be enhanced as given below Year when Guaranteed Year till the Guaranteed Survival Benefit is deferred/Enhanced Guaranteed Survival Benefit Guaranteed Survival Survival Benefit 4 th 8 th 12 th 16 th 20 th 20 Term Benefit is due (% of SA) 4 th 10% 10% 12% 15% 19% 23% 10 PPT / 20 8 th 15% NA 15% 18% 23% 28% 12 th 20% NA NA 20% 24% 30% 16 th 25% NA NA NA 25% 30% 20 th 30% NA NA NA NA 30% 10 UIN – 109N093V04 TRA/2/19-20/1724 Year when Guaranteed Year till the Guaranteed Survival Benefit is deferred/Enhanced Guaranteed Survival Benefit Guaranteed Survival Survival Benefit 4 th 8 th 12 th 16 th 20 th 24 th Benefit is due (% of SA) 12 PPT / 24 Term 4 th 10% 10% 12% 15% 19% 23% 29% 8 th 15% NA 15% 18% 23% 28% 35% 12 th 20% NA NA 20% 24% 30% 37% 16 th 25% NA NA NA 25% 30% 37% 20 th 30% NA NA NA NA 30% 37% 24 th 35% NA NA NA NA NA 35% For Internal Circulation only
Deferred Guaranteed Survival Benefit – continued Year when Year till the Guaranteed Survival Benefit is deferred/Enhanced Guaranteed Survival Benefit Guaranteed Guaranteed Survival Benefit Survival Benefit 5 th 10 th 15 th 20 th (% of SA) 20 Term is due 5 th 15% 15% 20% 25% 33% PPT / 20 10 th 20% NA 20% 25% 33% 10 PPT 15 th 25% NA NA 25% 33% 20 th 40% NA NA NA 40% 10 UIN – 109N093V04 TRA/2/19-20/1724 Year when Year till the Guaranteed Survival Benefit is deferred/Enhanced Guaranteed Survival Benefit Guaranteed Guaranteed Survival Benefit Survival Benefit 5 th 10 th 15 th 20 th 25 th (% of SA) 25 Term is due 5 th 15% 15% 20% 25% 33% 43% PPT / 25 10 th 20% NA 20% 25% 33% 43% 15 th 25% NA NA 25% 33% 43% 12 PPT 20 th 30% NA NA NA 30% 39% 12 25 th 45% NA NA NA NA 45% For Internal Circulation only
Death Benefit In case of unfortunate death of life assured, nominee will get: ❑ Sum Assured on Death; plus ❑ Accrued Bonuses as of date of death; plus ❑ Terminal Bonus, if any In addition, the deferred Guaranteed Survival Benefit will be paid, if opted for. Sum Assured on Death is higher of: ▪ Sum Assured chosen at inception irrespective of any survival benefits paid or ▪ Sum Assured on Maturity or ▪ UIN – 109N093V04 10 times the Annualized premium payable. TRA/2/19-20/1724 Death benefit will be subject to minimum 105% of Total Premiums paid to date. Maturity Benefit ❑ Accrued Bonuses till date; plus ❑ Terminal Bonus (if any) For Internal Circulation only
Surrender Benefit Policy acquires surrender value after all due premium for at least 2 full years are paid. Surrender benefit is higher of ❑ Guaranteed Surrender Value; or ❑ Special Surrender Value where, Guaranteed Surrender Value is a percentage of Total Premiums paid plus the surrender value of accrued regular bonuses less any survival benefit already paid or deferred. Reduced Paid-up Benefits ❑ If premiums are not paid with in 30 days from date of premium due, the policy lapses ❑ Where premiums are paid for a minimum period of 2 full policy years – policy will be continued on UIN – 109N093V04 Reduced Paid-Up basis TRA/2/19-20/1724 ❑ Guaranteed Survival Benefit cannot be deferred ❑ Sum Assured and Sum Assured on death shall be reduced in proportion to premiums paid to Total Premiums payable ❑ Any bonus payable for the year of premium discontinuance shall be reduced proportionately to the unpaid premiums in that policy year ❑ Policy shall not be eligible for any further bonuses ❑ Rider benefit if any; will cease For Internal Circulation only
Policy Loan ❑ Use this policy as a collateral to take loan from ABSLI once the policy acquires surrender benefit - Minimum policy loan is Rs. 5,000 - Maximum is 85% of the surrender benefit as on that date less any o/s policy loan balance ❑ Policy will be terminated without value when o/s policy loan balance equals or exceeds surrender benefit while the policy is in reduced paid up status ❑ All benefits payable will be first reduced by any o/s policy loan balance and only the residual value will be paid UIN – 109N093V04 TRA/2/19-20/1724 For Internal Circulation only
AB ABSL SLI Acc Accid idental l Death h Rs. 1 lac Bene Benefit fit Ride ider r Plus Plus Rider Sum Assured in the event of accidental death to (UIN: N: 10 109B 9B023V02 021) Rs. 1 crore AB ABSL SLI Acc Accid idental l Death h Rider Sum Assured in the event of accidental death and percentage of Sum & Disabilit isability Ride ider Rs. 75,000 Assured in the event of any disability (UIN: N: 10 109B 9B018V03 03) to AB ABSL SLI Cr Crit itic ical l Illness llness Rs. 50 lacs Rider Sum Assured for illnesses including Heart Attack, Cancer, Stroke or Major Ride ider Organ Transplant (UIN: N: 10 109B 9B019V03 03) ABSL ABSLI Ho Hospit spital l Car Care UIN – 109N093V04 Ride ider Daily Cash Benefit, ICU Benefit and Recuperating Benefit TRA/2/19-20/1724 Rs. 1.5 lacs (UIN: N: 10 109B 9B016V03 03) to AB ABSL SLI Sur Surgic ical l Ca Care Ride ider Major Surgery that directly involves brain, liver, lung or heart (including coronary Rs. 15 lacs arteries) and Other Surgery (UIN: N: 10 109B 9B015V03 03) AB ABSL SLI Waive aiver r of of In the event of TPD/CI/Death, all future premiums of the base plan and attached Premium ium Ride ider riders will be waived off (UIN: N: 10 109B 9B017V02 023) Client can only opt for either ABSLI Accidental Death and Disability Rider or ABSLI Accidental Death Benefit Rider Plus not both For Internal Circulation only
Application form Common Application Form – Major ❑ For Major lives ❑ Option to capture multiple products in the same application ( at a later date ) ❑ For every additional product sourced a single pager form to be filled Common Application Form – Minor ❑ For Minor lives UIN – 109N093V04 TRA/2/19-20/1724 For Internal Circulation only
ABS BSLI Visio ision MoneyBack Plan lan A A tru true Mo Mone neyBack wi with a a Vi Visio ion on on my changin ing g mi mile lestones UIN – 109N093V04 Sho hort rt Pay | Ch Choi oice e of of pa payou out t pe perio riod d | Payout ut Defe ferm rment nt Op Opti tion on | Rider ers TRA/2/19-20/1724 For Internal Circulation only
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