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Enjoy Zero Charges on All Commonly Used Savings Account Services
- About Us
- MD & CEO letter about the bank
- MD & CEO
- Our History
- Letter to Shareholders on the 1st Annual Report after Merger
- Letter to Shareholders on the 2nd Annual Report after Merger
- Letter to Shareholders on the 3rd Annual Report after Merger
- Letter to Shareholders on the 4th Annual Report after Merger
- Board of Directors
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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
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Whole Life Insurance with Cash Bonus
ABSLI Akshaya Plan
Whole Life Insurance with Cash Bonus
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Flexible Bonus Payouts
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2 Benefit Options - Long Term Income & Whole Life Income
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Flexible Bonus Payouts
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2 Benefit Options - Long Term Income & Whole Life Income
ABSLI Akshaya Plan
Aditya Birla Sun Life Insurance Akshaya Plan provides the benefit of a comprehensive life insurance cover along with a regular source of income to ensure fulfilment of your family’s growing needs.
FEATURES
2 Benefit Options
Flexibility to choose amongst two Benefit Options i.e. Long Term Income and Whole Life Income.
Flexible Bonus Payouts
Complete flexibility to receive Cash Bonus (if declared) – for immediate liquidity or to accumulate the Cash Bonus (if declared) till policy maturity – for long term wealth creation.
Financial Security
Comprehensive life cover available for up to 100 years.
Flexibility
Choice of varied premium payment terms and policy terms.
Customizable Benefits
Option to enhance Your insurance cover through riders at a nominal extra cost.
Policy Documents
ELIGIBILITY
Eligibility
- Click on Know More for Eligibility
Documentation
Disclaimer
IDFC FIRST Bank Ltd. is a corporate agent of Aditya Birla Sun Life Insurance Company under IRDAI Registration No:CA0106 and does not underwrite the risk or act as an insurer. Registered Address: IDFC FIRST Bank KRM Tower, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai - 600031, Tamil Nadu, India Participation by the Bank’s clients in the insurance products is purely on a voluntary basis.Read More
** Sec 10(10D) benefit is available subject to fulfilment of conditions specified therein This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a Non-Linked Participating Individual Savings Life Insurance Plan. GST and any other applicable taxes will be added (extra) to Your premium and levied as per extant tax laws. Premium will vary depending upon the Option chosen. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. All the benefits are payable subject to the terms and conditions of the Policy. Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits then these will be clearly marked “guaranteed” in the illustration table on this page. If your policy offers variable benefits then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including future investment performance. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. For further details please refer to the Policy contract. Tax benefits are subject to changes in the tax laws. For other terms and conditions, request your Agent Advisor or intermediaries for giving a detailed presentation of the product before concluding the sale.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale.
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.
Aditya Birla Sun Life Insurance Company Limited, Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company.
Registered Office:
One World Center Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Toll free no. 1800-270-7000. https://lifeinsurance.adityabirlacapital.com/ care.lifeinsurance@adityabirlacapital.com CIN: U99999MH2000PLC128110 Registration No. 109. UIN: 109N136V02. ADV/12/23-24/3080
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.Read Less
FREQUENTLY ASKED QUESTIONS
What are the key features of ABSLI Akshaya Plan?
Key features of ABSLI Akshaya Plan are:
- Flexible Bonus Payouts: Complete flexibility to receive Cash Bonus (if declared) - for immediate liquidity or to accumulate the Cash Bonus (if declared) till policy maturity - for long term wealth creation.
- Liquidity: Option to get instant liquidity through Cash Bonus (if declared) from the end of the first month/year or as per the chosen Cash Bonus pay-out frequency.
- Choice of 2 Benefit Options: Flexibility to choose amongst two Benefit Options i.e. Long Term Income and Whole Life Income (Till Age 100 or Till Age 85) to cater to the customers family’s needs across all life stages.
- Financial Security for ones loved ones: Comprehensive life cover available for up to 100 years.
- Customizable Benefits: Option to enhance the insurance cover through riders, which are available at a nominal extra cost.
What is the age criteria for this Plan?
Anyone meeting the following criteria is eligible for ABSLI Akshaya Plan:
- Age at entry: 30 days to 55 years (age last birthday)
What is the maximum maturity age applicable for the policy?
The maximum maturity age for Long Term Income is 84 years and for Whole Life Income it is 85 or 100 years (based on Whole Life Income variant chosen).
Which are the Benefit Options available under this plan?
The customer has the option to choose from the below mentioned Benefit Options:
- Long Term Income
- Whole Life Income
What is the minimum and maximum Sum Assured under this plan?
The minimum Sum Assured is ₹1,54,560. There is no limit on the maximum Sum Assured, however it is subject to the Board Approved Underwriting Policy.
What is the Policy Term under this plan?
The Policy Terms available under this plan are as below:-
| Option Name | Policy Term |
| Long Term Income | 25, 30, 35 & 40 years |
| Whole Life Income | Coverage till Age 85: 85 years less Age at Entry |
| Coverage till Age 100: 100 years less Age at Entry |
What is the Cash Bonus Payout Frequency available under this plan?
The Cash Bonus Payout Frequency available are Annual, Semi-Annual, Quarterly & Monthly and the same shall be payable at the end of the year, half-year, quarter or month, as the case may be.
What is the Premium Payment Term under this plan?
The plan offers the following Premium Payment Terms:
6 years | 8 years | 10 years | 12 years | 15 years
Can I accumulate the Bonus, instead of taking Cash Bonus?
Yes, the Policyholder shall have the flexibility to defer the declared Cash Bonus (if declared) and accrue them instead in the form of Accumulated Cash Bonus.
Can Policyholder avail of tax benefits under this plan?
As per extant tax laws, this plan offers tax benefits under Section 80C, 80D (for specific rider premium) and Section 10(10D)** of the Income Tax Act, 1961. 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 policyholder. It is advisable to seek an independent tax advice.
