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, subject to fulfilment of the other conditions of the respective sections prescribed therein. 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 independent tax advice.

All the claims under the ABSLI Assured Income Plus must be intimated as soon as possible. Followed with the claim intimation, the necessary documents should be submitted enabling the insurance company to process the claim. The claim intimation should contain details like date, place and cause of death.

The surviving nominee/appointee/policy owner or legal heir can intimate the claim under ABSLI Assured Income Plus.

You can intimate the claim under ABSLI Assured Income Plus by:

• Visiting any nearest branch
• Visiting our website and intimate the claim by clicking the link here.
• Sending an intimation email (claims.lifeinsurance@adityabirlacapital.com) or letter with all the relevant documents to the company.

Yes, provided there is no nondisclosure on the COVID Questionnaire. Please ensure that the COVID questionnaire is filled.

Key features of ABSLI Assured Income Plus are:

1. Guaranteed Lumpsum Benefit – Guaranteed¹ Lumpsum Benefit, if applicable, shall be payable at the end of the benefit payout period, to boost your savings
2. Long-Term Income: Get guaranteed¹ regular income for a period of 20, 25 or 30 years to ensure fulfilment of your recurring needs in the long term.
3. Twin Benefit Options: Flexibility to choose between two benefit options i.e. a) Income only Benefit or b) Income with Lumpsum Benefit– in line with Your financial needs.
4. Loyalty Additions: Loyalty Additions as an additional boost to the Income Benefit pay-out.
5. Customizable Benefits: Option to enhance Your insurance cover with appropriate riders at a nominal extra cost.

Anyone meeting the following criteria is eligible for ABSLI Assured Income Plus:

ABSLI Assured Income Plus has a maximum maturity age of 77 years.

Yes, there are 2 Survival Benefit Options available under this plan: Income only Benefit & Income with Lumpsum Benefit.

The minimum sum assured under this plan is ₹5,50,000/-

No, the chosen Benefit Payout Frequency cannot be changed during the policy term.

No, Loyalty Addition is applicable only for policies that have paid all the due premiums under the policy.

In case the Life Insured, minor or major, dies due to suicide within 12 months from the Risk Commencement Date or date of revival of the policy, the policy shall immediately terminate, and Company shall pay the following to the Nominee:

1. Where the Policy has acquired the Surrender Value, higher of Surrender Value or (Total Premiums paid plus underwriting extra premiums paid plus loadings for modal premiums paid excluding applicable taxes) till date of death.
2. Where the Policy hasn’t acquired the surrender value, Total Premiums paid plus underwriting extra premiums plus loadings for modal premiums paid excluding applicable taxes) till date of death.