©Aditya Birla Sun Life Insurance Company Limited. All Rights Reserved.

Adithya Sundar / Tea Estate Owner

PROTECTING your happiness for years

to come
Aditya Birla Sun Life Insurance Assured Income Plus
A Non-Linked Non-Participating Individual Savings Life Insurance Plan

Life insurance coverage is available in this product

Aditya Birla Sun Life

Insurance Company Limited
 ©Aditya Birla Sun Life Insurance Company Limited. All Rights Reserved.
Adithya Sundar / Tea Estate Owner

You continuously work towards planning Your finances to ensure

security and stability for Your family even in Your absence. In today's
world, having an adequate life insurance cover along with an assured
long-term income to keep pace with Your family's changing needs
works as a much-needed financial cushion. Introducing ABSLI Assured
Income Plus, a non-linked non-participating individual savings life
insurance plan, that provides the benefit of life insurance cover along
with a regular income for 20, 25 or 30 years to ensure fulfilment of Your
family’s long-term goals and aspirations.

KEY FEATURES OF ABSLI ASSURED INCOME PLUS

ABSLI Assured Income Plus is a non-linked non-participating individual savings life
insurance plan that offers the following benefits:

Long-Term Income:
Get guaranteed regular income for a period of 20, 25 or 30 years to
ensure fulfilment of your recurring needs in the long term

Two 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
 Loyalty Additions
Loyalty Additions as an additional boost to the Income Benefit pay-out

Guaranteed Lumpsum Benefit

Guaranteed Lumpsum Benefit, if applicable, shall be payable at the end
of the benefit payout period, to boost your savings

Commutation Option
Flexibility to receive a discounted value of future survival benefits as a
lump sum based on your needs

Customizable Benefits
Option to enhance your insurance cover with appropriate riders at
a nominal extra cost

ABSLI ASSURED INCOME PLUS AT A GLANCE

Product Specifications
Type of Plan A Non-Linked Non-Participating Individual Savings Life Insurance Plan
Coverage All Individuals (Male | Female | Transgender)

1* year (subject to minimum maturity age of 18 years)

Minimum * In case the Life Insured is a minor, the Policy will automatically vest once the life insured
attains the age of majority. The risk coverage for the minors will start from the Date of
Age of the Life Insured at Commencement of Risk.
Entry (Age as on last birthday)

Maximum 60 years

Minimum 18 years
Maturity Age of the Life Insured
(Age as on last birthday)
Maximum 77 Years

Premium
Policy term Benefit payout period*
payment term

5 years 5 | 6 | 7 | 8 | 9 | 10 years 20, 25, 30 years

6 years 6 | 7 | 8 | 9 | 10 | 11 years 20, 25, 30 years

Premium payment term (PPT),
Policy term (PT) and Benefit 8 years 8 | 9 | 10 | 11 | 12 | 13 years 20, 25, 30 years
payout period
10 years 10 | 11 | 12 | 13 | 14 | 15 years 20, 25, 30 years

12 years 12 | 13 | 14 | 15 | 16 | 17 years 20, 25 years

*The Benefit payout period commences aer the end of the policy term,
during which the Survival Benefit is payable to the Policyholder. It is chosen
at Policy inception and cannot be changed thereaer

Minimum Annualized Premium Rs. 50,000

Maximum Annualized Premium No Limit (subject to Board Approved Underwriting Policy)
Premium Payment Modes and Annual | Semi-Annual | Quarterly | Monthly
Modal Factors
Minimum Annual Semi-annual Quarterly Monthly
Modal Factors 0.0% 1.0% 1.5% 3.5%

Minimum Sum Assured Rs. 5,50,000

Maximum Sum Assured Subject to Board Approved Underwriting Policy

The Policyholder at Policy inception can choose from the following

two options:
Benefit Options 1) Income Only Benefit
2) Income with Lumpsum Benefit
The Benefit Option is chosen at inception and cannot be changed thereaer

The Benefit Payout Frequencies available are Annual, Semi-Annual,

Benefit Payout Frequency
Quarterly, Monthly

POS Boundary Conditions

Minimum: 1 year (subject to age at the end of Policy Term
should be minimum 18 years)
Minimum * In case the Life Insured is a minor, the Policy will automatically vest once the life insured
attains the age of majority. The risk coverage for the minors will start from the Date of
Commencement of Risk.
Age of the Life Insured at
Entry (Age as on last birthday) For 5 Pay: 60 years
For 6 Pay: 59 years
Maximum For 8 Pay: 57 years
For 10 Pay: 55 years
For 12 Pay: 53 years

Minimum 18 years
Maturity Age of the Life Insured
(age as on last birthday)
Maximum 65 Years

Premium Payment
Policy Term (PT): Benefit payout period*
Term (PPT)

5 years 5 | 6 | 7 | 8 | 9 | 10 years 20, 25, 30 years

6 years 6 | 7 | 8 | 9 | 10 | 11 years 20, 25, 30 years

Premium payment term (PPT),
Policy term (PT) and Benefit 8 years 8 | 9 | 10 | 11 | 12 | 13 years 20, 25, 30 years
payout period
10 years 10 | 11 | 12 | 13 | 14 | 15 years 20, 25, 30 years

12 years 12 | 13 | 14 | 15 | 16 | 17 years 20, 25 years

*The Benefit payout period commences aer the end of the policy term,
during which the Survival Benefit is payable to the Policyholder. It is chosen
at Policy inception and cannot be changed thereaer

Minimum Annualized Premium Rs. 50,000

Maximum Annualized premium No Limit (subject to Board Approved Underwriting Policy)

Premium Payment Modes and Annual | Semi-Annual | Quarterly | Monthly

Modal Factors
Minimum Annual Semi-annual Quarterly Monthly
Modal Factors 0.0% 1.0% 1.5% 3.5%
 Minimum Sum Assured Rs. 5,50,000

Maximum Sum Assured Rs. 25,00,000

The Policyholder at Policy inception can choose from the following

two options:
Benefit Options 1) Income Only Benefit
2) Income with Lumpsum Benefit

The Benefit Payout Frequencies available are Annual, Semi-Annual,

Benefit Payout Frequency
Quarterly, Monthly

YOUR CHOICES AT INCEPTION

Step 1: Choose from two Survival Benefit Options:
a) Income Only Benefit
b) Income with Lumpsum Benefit

Step 2: Choose your Premium amount as per your needs

Step 3: Choose Your combination of premium payment term, policy term and benefit
payout period

Step 4: Choose the frequency of Your Income Benefit pay outs

KEY BENEFITS OFFERED UNDER THE PLAN

Benefit Details
In the unfortunate event of Death of the Life Insured anytime during the
policy term, provided the Policy is in-force, Sum Assured on Death
shall be payable as a lump-sum to the nominee.
The policy covers death under all situations (including death during
declared or undeclared war, civil commotion, invasion, terrorism,
hostilities) except death due to suicide as specified in the suicide clause.

Sum Assured on Death is defined as higher of:

a) 10 times of Annualized Premium
+ b) 150% of Total Premiums paid till the date of death
Death c) Sum Assured
Benef it Where,
- ‘Annualized Premium’ means premium amount payable during a
Policy Year, excluding underwriting extra premiums, loadings for
modal premiums, rider premiums, discounts, and applicable taxes,
cesses and levies, if any.
Benefit Details
- ‘Total Premiums Paid’ means total of all the premiums received,
excluding underwriting extra premium, rider premiums, discounts and
applicable taxes, cesses and levies, if any.
- ‘Sum Assured’ is equal to a fixed multiple (depending upon Life
Insured’s entry age at inception of the Policy) of the Annualized
Premium as mentioned in the table below:

Sum Assured Multiple:

Sum Assured multiple is as mentioned in the table below.
Age Age Age Age Age
at Multiple at Multiple at Multiple at Multiple at Multiple
entry entry entry entry entry
1 15.9 13 14.7 25 13.5 37 12.3 49 11.9
2 15.8 14 14.6 26 13.4 38 12.2 50 11.8
3 15.7 15 14.5 27 13.3 39 12.1 51 11.7
4 15.6 16 14.4 28 13.2 40 12.0 52 11.6
5 15.5 17 14.3 29 13.1 41 11.9 53 11.5
6 15.4 18 14.2 30 13.0 42 11.8 54 11.4
7 15.3 19 14.1 31 12.9 43 11.7 55 11.3
8 15.2 20 14.0 32 12.8 44 11.6 56 11.2
9 15.1 21 13.9 33 12.7 45 11.5 57 11.1
10 15.0 22 13.8 34 12.6 46 11.4 58 11.0
11 14.9 23 13.7 35 12.5 47 11.3 59
12 14.8 24 13.6 36 12.4 48 11.2 60

Staggered Death Benefit

The Nominee will have an option to receive the amount of Death
Benefit in Annual/ Monthly instalments payable at the end of the
year/month instead of a lump-sum, over a period of 10 years as per
the percentages given below:

Instalments Frequency Annual Monthly

Instalment (as % of
12.12% 1.03%
Death Benefit)
Total payments made
121.20% 123.60%
(as % of Death Benefit)

The above percentages are determined using an interest rate of 4.55%

p.a. We may revise the instalment based on the then prevailing market
conditions subject to prior approval from IRDAI. Also, any change in the
methodology/formula for calculating the instalment shall be subject to
IRDAI approval. Once the Instalment mode has been opted by the
nominee, it cannot be changed later. However, if the nominee would
subsequently like to get a lump sum instead of the instalments; a
discounted value of the outstanding benefits shall be paid to the
nominee as a lump sum.
Benefit Details

This lump sum will be at least equal to the Sum Assured on Death less
any instalments already paid. On surviving till the end of policy term,
Income Benefit is payable to you for 20, 25 or 30 years at the end of the
period (monthly, quarterly, half yearly or annually) as per the Benefit
Payout Frequency chosen.
The Survival Benefit applicable for both the Benefit Options is explained
below:
1. Income Only Benefit Option:
Income Benefit, expressed as a percentage of Annualized Premium, will
be paid to you which varies by Your age at entry, premium amount,
premium payment term and benefit payout period. Income Benefit (as a
percentage of Annualized Premium) paid annually has been given in
Annexure I.
2. Income with Lumpsum Benefit:
Income Benefit, expressed as a percentage of Annualized Premium, will
be paid to you, which varies by Your age at entry, premium amount,
premium payment term and benefit payout period. Income Benefit (as a
percentage of Annualized Premium) paid annually has been given in
Annexure I.
Additionally, under this option, at the end of the Benefit payout period,
a Guaranteed Lumpsum Benefit will also be payable.
Where, Guaranteed Lumpsum Benefit refers to the Total Premiums Paid
Survival by You multiplied by the applicable Lumpsum factor as specified below.
Benef it
Premium payment term Lumpsum Factor

5 years 55%

6 years 55%

8 years 70%

10 years 75%

12 years 70%

Guaranteed Lumpsum Benefit will be further enhanced by 100%,

provided all due premiums under the policy have been paid.

Loyalty Additions:
For both benefit options, We will enhance Your Income Benefit every year
during the benefit payout period by adding Loyalty Addition, provided all
premiums have been paid during the Premium Paying Term. Loyalty
Addition is defined as a percentage of the Income Benefit as specified in
the table below:
Benefit Details

Loyalty Addition As a % of Income Benefit

Annualized Premium (AP) Premium Premium Premium Premium Premium

Payment Payment Payment Payment Payment
Term 5 Term 6 Term 8 Term 10 Term 12
AP < Rs. 1.5 Lakhs 50.00% 50.00% 50.00% 51.75% 54.25%
Rs. 1.5 Lakhs to < Rs. 3 Lakhs 55.00% 51.00% 51.75% 52.50% 55.00%
Rs. 3 Lakhs to < Rs. 5 Lakhs 55.50% 52.25% 53.50% 53.50% 56.00%
AP >= Rs. 5 Lakhs 56.00% 54.50% 55.00% 55.00% 56.50%

Please Note, Loyalty Additions will be applicable only for policies that
have paid all the due premiums under the Policy.
At any time on or aer end of the Policy Term, You will have the
flexibility to use the commutation option, if You would like to get a
lumpsum instead of the Income Benefits and Guaranteed Lumpsum
Benefit, if any, the commuted value of the outstanding benefits shall be
paid as a lump sum. The Income Benefits will be enhanced by Loyalty
Addition and Guaranteed Lumpsum Benefit will be enhanced provided,
all due premiums are paid.
This lumpsum will be at least equal to the Total Premiums Paid less any
Survival Benefit already paid. The lump sum benefit is calculated using
factors determined by a discount rate of 9.27% The Company may
revise the factors based on the then prevailing market conditions
subject to prior IRDAI approval. Any change in the methodology/formula
for calculating the factors shall also be subject to IRDAI approval.
In case of death of the Life Insured during the benefit payout period,
the Survival Benefit, as applicable above will continue to be paid to the
nominee/legal heir(s). The nominee/legal heir(s) can also opt to receive
a lump sum instead of the Income Benefits and Guaranteed Lumpsum
Benefit, if any.

Benefit Payout Frequency:

At Policy inception, You will have the option to receive the Income
Benefit in annual or semi-annual or quarterly or monthly frequency. You
have the flexibility to change the chosen Benefit Payout Frequency
during the policy term as per Your changing needs.
For annual frequency, Income Benefit is as explained in the tables
above. For semi-annual, quarterly and monthly frequency, the Income
Benefit shall be based on the annual Income Benefit as given below:

Benefit payout frequency Income (per frequency) as a % of Income

Benefit for Annual Benefit Payout Frequency

Semi – annual 49%

Quarterly 24.25%

Monthly 8%
Benefit Details

For added protection, you can enhance Your risk coverage during the
policy term by adding following riders at a nominal extra cost.
• ABSLI Accidental Death Benefit Rider Plus (UIN: 109B023V02
provides 100% of Rider Sum Assured as an additional lump sum
amount in case of death due to accident of Life Insured. Additionally,
the rider premiums collected aer the date of Accident till date of
death, shall be refunded with interest, along with death benefit
payable. This rider is only applicable for a Life Insured aged 18 years
& above and the rider Policy Term cannot exceed the base Policy Term.
• ABSLI Critical Illness 2Rider (UIN: 109B019V03) provides lump
sum on survival of 30 days from the date of diagnosis of any of the
specified critical illnesses. This rider is only applicable for a Life
Insured aged 18 years and above and the rider Policy Term cannot
exceed the base Policy Term.
• ABSLI Surgical Care 2Rider (UIN: 109B015V03) provides lump
sum benefit in case of hospitalization for a minimum period of 24
hours for undergoing medically necessary surgery in India. This rider
is only applicable for a Life Insured aged 18 years and above and the
rider Policy Term cannot exceed the base Policy Term.
• ABSLI Hospital Care 2Rider (UIN: 109B016V03) provides daily
cash benefit in case of hospitalization for a minimum period of 24
hours for medically necessary treatment of any Illness or Injury
Rider payable from the first day for the duration of hospitalization. This
Other Features
Benefits rider is only applicable for a Life Insured aged 18 years and above
and the rider Policy Term cannot exceed the base Policy Term.
• ABSLI Waiver of Premium 2Rider (UIN: 109B017V03) waives off
all future premiums of the base plan and the attached riders
throughout the rest of the premium payment in case of diagnosis of
Critical Illness, Disability or Death (only if Life Insured is a minor i.e.,
below 18 years of age and is different from the Policyholder).
Cover under any selected rider is limited to the outstanding term or
premium payment term, as per the cover limits applicable for the rider(s).
All the above riders would provide cover independent to each other
(including the base product) and in case any incidence of covered event
qualifies for the benefit under more than one rider (including the base
product), the Policyholder will be entitled for the rider benefits under
each of those riders (including the base product)
For further details regarding the above-mentioned riders, please refer to respective rider brochure(s)
available on our website.
OTHER FEATURES
Benefit Details
You may take a loan against Your Policy once it has acquired a
surrender value. The minimum loan amount is Rs. 5,000 and the
maximum is 80% of the then applicable surrender value less any
outstanding policy loan balance as on that date. On exercising this
option, Your Policy shall automatically get assigned to the Company to
the extent of the outstanding Policy loan balance. The outstanding
policy loan balance is an amount of loan still unpaid plus all accrued but
unpaid loan interest up to the given date.
Where the Policy is in-force (premium paying) or all due premiums
under the Policy have been paid, and if the outstanding loan plus loan
interest becomes equal to or exceeds the surrender value available
under the Policy as on that date, We will inform You of the same with a
90-days advance notice to repay such outstanding loan balance along
with applicable interest.
If Your Policy is a Reduced Paid-up Policy, and if the outstanding loan
plus loan interest exceeds the surrender value available under the Policy
as on that date, then We shall terminate Your Policy.
Policy
Loan Any payment of a proceed against Death, Survival Benefit or Maturity
Benefit provisions or as a Surrender Value shall be reduced by any
outstanding Policy loan balance at that time and the residual value shall
be payable. We shall be issuing the loan re-payment schedule at the
time You opt for the loan against Policy.
At the beginning of a policy year, the Policy shall be assigned the latest
loan interest rate declared by the Company. We shall declare the loan
interest rate applicable to all policies under this product on June 1st of
every calendar year which shall be assigned to policies on their next
policy anniversary and is equal to the base rate of the State bank of
India plus 100 basis points. The interest rate applicable as on June 1st,
2022 is 8.55% p.a.
Any change in basis of determination of interest rate for policy loan can
be done only aer prior approval of IRDAI.
 How Does ABSLI Assured Income Plus Work For You?

Case Study for Income Only Benefit Option: Mr. Sharma, aged 35 years, invests Rs.
1,00,000 p.a. in ABSLI Assured Income Plus. He opts for a premium payment term of 8
years, with a policy term of 9 years and a benefit payout period of 30 years. He chooses
“Income only Benefit" Option and chooses to receive his Income Benefit annually.

Scenario 1: Mr. Sharma survives through the Policy Term and receives Income Benefits
throughout the Benefit Payout Period.

Annual Income:
49.15% of Annualized Premium = ` 49,150

Loyalty Additions:
50% of Income Benefit = ` 24,575

Premium Paying Term

` 1 lakh paid for 8 years

Total Premiums Paid 8 lakh

0 1 2 7 8 9 10 11 12 13 20 25 30 35 39
Income Benefit = Annual Income + Loyalty Additions = ` 49,150 + 24,575 = ` 73,725 paid p.a. for 30 years

Policy Term Benefit Payout Period

Scenario 2: Mr. Sharma dies in the 7th year of the policy during his Premium Payment
Term, his nominee will receive Death Benefit.

Death Benefit of `12,50,000 (Sum Assured on Death)

paid to Nominee as lump sum & policy will terminate

Premium Paying Term

` 1 lakh paid for 7 years

Total Premium Paid 7 lakh

0 1 2 7 8 9 10 11 12 13 20 25 30 35 39

Policy Term Benefit Payout Period

Scenario 3: Mr. Sharma dies during the Benefit Payout Period in the 16th year, his
nominee will continue to receive the Income Benefits as opted till the end of the Benefit
Payout Period.

Annual Income:
49.15% of Annualized Premium Death of the Life Insured. Total Guaranteed Income
= ` 49,150 Nominee continues to receive the Benefit: ` 22,11,750
Income Benefits as opted till
Loyalty Additions: the end of the Benefit Payout Period
50% of Income
Benefit = ` 24,575
Premium Paying Term

` 1 lakh paid for 8 years

Total Premiums Paid 8 lakh

0 1 2 7 8 9 10 11 12 13 16 20 25 30 35 39
Income Benefit = Annual Income + Loyalty Additions = ` 49,150 + 24,575 = ` 73,725 paid p.a. for 30 years

Policy Term Benefit Payout Period

Case Study for ‘Income with Lumpsum Benefit’ Option: Mr. Sharma, aged 35 years,
invests Rs. 1,00,000 p.a. in ABSLI Assured Income Plus. He opts for a premium payment
term of 8 years, with a policy term of 9 years and a benefit payout period of 30 years
under the Income with Lumpsum Benefit Option. He chooses to receive the Income
Benefits annually.

Scenario 1: Mr. Sharma survives through the policy term and receives Income Benefits
throughout the benefit payout period along with Guaranteed Lumpsum Benefit at the
end of the benefit payout period.

Annual Income: Guaranteed Lumpsum Benefit (GLB)

47.70% of Annualized Premium = 70% of Total Premiums paid
= ` 47,700 = Rs. 5,60,000
+GLB enhanced by 100% (as all
Loyalty Additions: premiums are paid)
50% of Income Benefit = ` 23,850 Enhanced GLB = Rs. 5,60,000
Total GLB = Rs. 11,20,000
Premium Paying Term

` 1 lakh paid for 8 years

Total Premiums Paid 8 lakh

0 1 2 7 8 9 10 11 12 13 20 25 30 35 39

Income Benefit = Annual Income + Loyalty Additions

Policy Term = ` 47,700 + 23,850 = ` 71,550 paid p.a. for 30 years

Benefit Payout Period

 TAX BENEFITS

You may be entitled to certain applicable tax benefits on the premiums paid and
benefits received under Your Policy. 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 you. It
is advisable to seek an independent tax advice.

SURRENDER / PREMIUM DISCONTINUANCE/POLICY REVIVAL TERMS

1. What happens when you surrender the policy?

You can surrender the policy any time during the Policy Term aer the policy has
acquired a Surrender Value. Your policy will acquire a surrender value aer all due
premiums for at least two full policy years are paid.
The Surrender Value payable will be higher of Guaranteed Surrender Value (GSV)
and Special Surrender Value (SSV).
Where,
Guaranteed Surrender Value (GSV) is defined as a percentage of Total Premiums Paid.
Special Surrender Value (SSV) is determined by the company from time to time
basis changing economic scenario. The Company may revise the SSV factors based
on the then prevailing market conditions. Any change in the methodology/formula
for calculating the SSV factors shall be subject to IRDAI approval.

2. What happens when you discontinue paying your premiums?

In case the premium is not paid by the due date, you will be given a Grace Period of
thirty (30) days from the due date for payment of each premium for all premium
paying modes except for monthly mode, where a grace period of only fieen (15) days
will be allowed. During this Grace Period, your risk cover will continue.
In case the premium is not paid by the expiry of the Grace Period, the following
provisions will apply:
A) Discontinuance of Payment of Premium before the Policy has acquired
surrender value
If you don’t pay the due premium during the grace period, on expiry of the
grace period, the Policy shall Lapse w.e.f. the due date of unpaid premium, and
all benefits under the policy, including the insurance cover, shall cease and no
benefits shall be payable, however, you will have the option to revive the Policy
within 5 years from the due date of first unpaid premium.
 Tax Benefits

Adithya Sundar / Tea Estate Owner

©Aditya Birla Sun Life Insurance Company Limited. All Rights Reserved.
B) Discontinuance of Payment of Premium aer the Policy has acquired
surrender value
If you don’t pay the due premium during the grace period, on expiry of the
grace period, the Policy shall become Reduced Paid Up (RPU) Policy.
Aer the policy has become RPU, the benefits payable will be amended as follows:
The RPU Sum Assured and RPU Annual Income Benefit shall be equal to the
Sum Assured and Income Benefit respectively, multiplied by the RPU Factor,
where the RPU Factor is the ratio of:
- The number of premium instalments paid to date; over
- The total number of premium instalments originally due for the Policy Term.
Death Benefit for RPU Policies:
If the Life Insured dies during the Policy Term, the RPU Death Benefit will be RPU
Sum Assured on Death, if any under the Policy.
The “RPU Sum Assured on Death” during the entire Policy Term is the Sum
Assured on Death multiplied by the RPU Factor subject to minimum 150% of Total
Premiums paid up to date of death.
Survival Benefit for RPU Policies:
• In the event the Life Insured survives till the end of the policy term, RPU Income
Benefit (Income Benefit X RPU Factor) shall be payable at the end of each year
during the benefit payout period.
• In case the Policyholder has chosen the “Income with Lumpsum Benefit” option,
the Guaranteed Lumpsum Benefit shall be payable at the end of the benefit
payout period in addition to the RPU Income Benefit during the benefit payout
period.
• In case of death of the Life Insured during the benefit payout period, the
RPU Income Benefit and Guaranteed Lumpsum Benefit, if any, will continue to be
paid to the nominee. The nominee can also opt to receive one lump sum instead
of the Income Benefits & Guaranteed Lumpsum Benefit, if any.
• At any time on or aer the completion of the policy term, if Policyholder would
like to get a lumpsum instead of the RPU Income Benefits and Guaranteed
Lumpsum Benefit, if any, the commuted value of the outstanding benefits shall be
paid in lumpsum. This lumpsum will be at least equal to the Total Premiums Paid
less any survival benefit already paid.

Please Note: No loyalty addition or enhanced Guaranteed Lumpsum Benefit (as explained in the
Survival Benefit section) will be payable for RPU policies. Rider Benefits, if any, will cease once the
Policy has acquired RPU status.
3. What happens when you wish to revive your Policy?

You can revive your Policy within a revival period of five years from the due date of
first unpaid premium, subject to following conditions:
• Paying all outstanding premiums together with interest and/or late fees as
declared by us from time to time;
• Providing evidence of Life Insured’s insurability satisfactory to us
• Revival of the Policy shall take effect only aer revival of the Policy is approved
by Us basis the Board approved underwriting policy and communicated to you
in writing.

Once the Policy has been revived, on the effective date of revival, all benefits will be
restored to their full value.
The monthly interest rate charged on unpaid premiums will be declared by ABSLI on
June 1st of each calendar year and is determined as (x+1%)/12 rounded to the
next 0.5%, where x is the base rate of the State Bank of India. The current
applicable interest rate, as declared on June 1st, 2022, is 1% per month.

Any change in basis of determination of interest rate for revival can be done only
aer prior approval of the Authority. If a lapsed policy is not revived within five
years, the Policy shall be terminated, and no value is payable to you.

TERMINATION OF POLICY

This Policy will terminate upon the occurrence of any of the following events:
• the date of payment of the surrender value; or
• the date of settlement of the Death Benefit; or
• end of the Benefit Payout Period; or
• the date on which the Revival period ends aer your policy has lapsed if fewer than
two full years of premiums have been paid; or
• the date on which the outstanding loan amount exceeds the surrender value in case
of Reduced Paid Up (RPU) policies; or
• the date of payment of free look cancellation amount.
 TERMS & CONDITIONS

Free Look Period

You will have the right to return Your Policy to us within 15 days (30 days in case of
electronic policies and the policies issued under the provisions of IRDAI Guidelines on
Distance Marketing of Insurance products) from the date of receipt of the Policy, in
case You are not satisfied with the terms & conditions of Your Policy. We will refund the
premium paid once we receive Your written notice of cancellation (along with reasons
thereof) together with the original Policy document. We may reduce the amount of the
refund by proportionate risk premium for the period of cover and expenses incurred by
us on medical examination and stamp duty charges while issuing Your Policy in
accordance to IRDAI (Protection of Policyholders Interest) Regulations, 2017.
Grace Period
A grace period of 30 (thirty) days from the premium due date (15 (fieen) days in case
of Monthly mode) for payment of each premium will be allowed. During the grace period
the Company will accept the premium without any penalty or late fees. The insurance
coverage continues during the grace period, however, if the Life Insured dies during the
grace period, the Company shall be entitled to deduct the unpaid Premiums due as on
the date of death from the Benefits payable under the Policy.
Suicide Exclusion
If the Life Insured dies by suicide within 12 months of the effective date of risk
commencement or the date of revival of Policy, the Policy shall terminate immediately.
In such cases, the Company shall pay higher of Surrender Value or (total premiums paid
plus underwriting extra premiums paid plus loadings for modal premiums paid excluding
applicable taxes) in case the Policy has acquired a surrender value; or Total Premiums
Paid plus underwriting extra premiums paid plus loadings for modal premiums paid
excluding applicable taxes in case the Policy has not acquired a surrender value.

Assignment
Assignment shall be applicable in accordance with provisions of Section 38 of the
Insurance Act 1938, as amended from time to time.
Nomination
Nomination shall be applicable in accordance with provisions of Section 39 of the
Insurance Act 1938, as amended from time to time.
Fraud and Mis-statement
Section 45 – Policy shall not be called in question on the ground of mis-statement aer
three years.
Provisions regarding Policy not being called into question in terms of Section 45 of the
Insurance Act, 1938, as amended by the Insurance Laws (Amendment) Act, 2015 are as
follows:
1. No Policy of Life Insurance shall be called in question on any ground whatsoever
aer expiry of 3 years from
b. the date of issuance of Policy or
c. the date of commencement of risk or
d. the date of Revival of Policy or
e. the date of rider to the Policy
whichever is later.
2. On the ground of fraud, a Policy of Life Insurance may be called in question within 3
years from
a. the date of issuance of Policy or
b. the date of commencement of risk or
c. the date of Revival of Policy or
d. the date of rider to the Policy
whichever is later.
For this, the insurer should communicate in writing to the insured or legal
representative or Nominee or assignees of insured, as applicable, mentioning the
ground and materials on which such decision is based.
3. Fraud means any of the following acts committed by insured or by his agent, with
the intent to deceive the insurer or to induce the insurer to issue a life insurance
Policy:
a. The suggestion, as a fact of that which is not true and which the insured does
not believe to be true;
b. The active concealment of a fact by the insured having knowledge or belief of
the fact;
c. Any other act fitted to deceive; and
d. Any such act or omission as the law specifically declares to be fraudulent.
4. Mere silence is not fraud unless, depending on circumstances of the case, it is the
duty of the insured or his agent keeping silence to speak or silence is in itself
equivalent to speak.
5. No Insurer shall repudiate a life insurance Policy on the ground of Fraud, if the
Insured / beneficiary can prove that the misstatement was true to the best of his
knowledge and there was no deliberate intention to suppress the fact or that such
mis-statement of or suppression of material fact are within the knowledge of the
insurer. Onus of disproving is upon the Policyholder, if alive, or beneficiaries.
6. Life insurance Policy can be called in question within 3 years on the ground that any
statement of or suppression of a fact material to expectancy of life of the insured
was incorrectly made in the proposal or other document basis which Policy was
issued or revived or rider issued. For this, the insurer should communicate in writing
to the insured or legal representative or Nominee or assignees of insured, as
applicable, mentioning the ground and materials on which decision to repudiate the
Policy of life insurance is based.
7. In case repudiation is on ground of mis-statement and not on fraud, the premium
collected on Policy till the date of repudiation shall be paid to the insured or legal
representative or Nominee or assignees of insured, within a period of 90 days from
the date of repudiation.
8. Fact shall not be considered material unless it has a direct bearing on the risk
undertaken by the insurer. The onus is on insurer to show that if the insurer had
been aware of the said fact, no life insurance Policy would have been issued to the
insured.
9. The insurer can call for proof of Age at any time if he is entitled to do so and no
Policy shall be deemed to be called in question merely because the terms of the
Policy are adjusted on subsequent proof of Age of Life Insured. So, this Section will
not be applicable for questioning Age or adjustment based on proof of Age
submitted subsequently.
Disclaimer: This is not a comprehensive list of amendments of the Insurance Laws (Amendment) Act,
2015 and only a simplified version prepared for general information. Policy Holders are advised to refer
to Original Act Gazette Notification dated March 23, 2015 for complete and accurate details.

Prohibition of Rebates: Section 41 of the Insurance Act, 1938 as amended from

time to time states:
No person shall allow or offer to allow, either directly or indirectly, as an inducement to
any person to take or renew or continue an insurance in respect of any kind of risk
relating to lives or property in India, any rebate of the whole or part of the commission
payable or any rebate of the premium shown on the Policy, nor shall any person taking
out or renewing or continuing a Policy accept any rebate, except such rebate as may be
allowed in accordance with the published prospectuses or tables of the insurer. Any
person making default in complying with the provisions of this section shall be
punishable with a fine which may extend to ten lakh rupees.
 ANNEXURE I – INCOME BENEFIT PERCENTAGES

Income Benefit (as a percentage of Annualized Premium) paid annually has been given
below as per the Benefit Option Chosen:

1. Income Only Benefit

LI Age <=50 years, LI Age <=50 years, LI Age >50 years, LI Age >50 years,
PPT PPT AP Rs. <1 lakh AP Rs. >=1 lakh AP Rs. <1 lakh AP Rs. >=1 lakh
(yrs) (yrs) Benefit payout period (years) Benefit payout period (years) Benefit payout period (years) Benefit payout period (years)
20 25 30 20 25 30 20 25 30 20 25 30
5 5 27.95% 25.35% 23.75% 29.25% 26.75% 25.10% 25.50% 22.25% 20.50% 27.20% 24.90% 23.35%
5 6 29.70% 27.00% 25.30% 31.15% 28.60% 26.75% 26.75% 23.20% 21.50% 28.70% 26.30% 24.70%
5 7 31.05% 28.30% 26.55% 32.70% 30.10% 28.20% 27.75% 24.05% 22.35% 29.95% 27.55% 25.90%
5 8 32.50% 29.70% 27.90% 34.30% 31.70% 29.75% 28.80% 25.00% 23.30% 31.20% 28.80% 27.20%
5 9 34.00% 31.15% 29.40% 36.00% 33.40% 31.40% 29.90% 26.00% 24.25% 32.55% 30.20% 28.55%
5 10 35.55% 32.75% 30.90% 37.80% 35.20% 33.10% 31.05% 27.05% 25.30% 34.00% 31.60% 30.00%
6 6 36.15% 32.85% 30.75% 37.65% 34.50% 32.25% 33.25% 29.20% 27.00% 34.75% 30.40% 27.65%
6 7 38.50% 35.10% 32.85% 40.20% 36.80% 34.55% 35.10% 30.55% 28.30% 36.80% 32.25% 30.00%
6 8 40.40% 36.95% 34.60% 42.35% 38.85% 36.50% 36.60% 31.85% 29.60% 38.50% 33.75% 31.50%
6 9 42.45% 38.90% 36.50% 44.60% 41.05% 38.60% 38.20% 33.30% 30.95% 40.30% 35.35% 33.00%
6 10 44.55% 41.00% 38.50% 47.00% 43.35% 40.90% 39.80% 34.75% 32.35% 42.20% 37.05% 34.65%
6 11 46.85% 43.20% 40.65% 49.60% 45.85% 43.25% 41.60% 36.30% 33.80% 44.20% 38.80% 36.35%
8 8 50.90% 45.75% 43.50% 53.00% 47.85% 45.85% 45.00% 40.35% 38.50% 48.10% 43.00% 40.90%
8 9 54.40% 48.95% 46.80% 56.80% 51.30% 49.15% 48.95% 43.50% 41.35% 51.30% 45.85% 43.70%
8 10 57.15% 51.55% 49.40% 59.80% 54.15% 52.05% 51.05% 45.45% 43.30% 53.65% 48.05% 45.90%
8 11 60.10% 54.25% 52.10% 63.05% 57.15% 55.05% 53.30% 47.50% 45.45% 56.15% 50.45% 48.30%
8 12 63.20% 57.05% 55.05% 66.55% 60.40% 58.35% 55.60% 49.70% 47.65% 58.85% 52.85% 50.80%
8 13 66.45% 60.20% 58.10% 70.20% 63.80% 61.80% 58.10% 51.95% 49.95% 61.65% 55.50% 53.45%
10 10 73.00% 65.70% 61.20% 76.25% 68.85% 64.30% 64.80% 58.20% 54.15% 71.60% 64.50% 60.10%
10 11 77.50% 70.00% 65.25% 81.25% 73.40% 68.50% 68.75% 61.75% 57.50% 76.00% 68.50% 64.00%
10 12 81.85% 74.05% 69.10% 86.10% 77.80% 72.75% 72.00% 64.80% 60.50% 80.25% 72.40% 67.70%
10 13 86.50% 78.30% 73.10% 91.25% 82.60% 77.20% 75.55% 68.05% 63.55% 84.60% 76.40% 71.55%
10 14 91.35% 82.85% 77.40% 96.80% 87.60% 81.90% 79.30% 71.60% 66.95% 89.30% 80.80% 75.80%
10 15 96.75% 87.85% 82.15% 102.65% 93.10% 87.00% 83.30% 75.20% 70.50% 94.40% 85.40% 80.10%
12 12 98.50% 88.50% NA 101.85% 91.75% NA 88.25% 78.50% NA 93.85% 84.00% NA
12 13 104.40% 93.90% NA 109.15% 98.50% NA 94.65% 84.30% NA 99.35% 89.00% NA
12 14 110.50% 99.35% NA 115.70% 104.45% NA 99.50% 88.65% NA 104.80% 93.90% NA
12 15 116.70% 105.10% NA 122.70% 110.65% NA 104.70% 93.10% NA 110.40% 99.00% NA
12 16 123.35% 111.00% NA 130.00% 117.25% NA 109.95% 98.00% NA 116.45% 104.20% NA
12 17 130.40% 117.45% NA 137.75% 124.20% NA 115.40% 103.00% NA 122.55% 110.00% NA
2. Income with Lumpsum Benefit:
LI Age <=50 years, LI Age <=50 years, LI Age >50 years, LI Age >50 years,
PPT PPT AP Rs. <1 lakh AP Rs. >=1 lakh AP Rs. <1 lakh AP Rs. >=1 lakh
(yrs) (yrs) Benefit payout period (years) Benefit payout period (years) Benefit payout period (years) Benefit payout period (years)
20 25 30 20 25 30 20 25 30 20 25 30
5 5 19.50% 19.85% 19.90% 21.80% 22.95% 22.70% 15.90% 16.35% 16.80% 17.00% 17.50% 18.10%
5 6 21.20% 21.55% 21.50% 23.55% 24.70% 24.40% 17.15% 17.50% 17.90% 18.50% 18.85% 19.35%
5 7 23.10% 23.25% 23.15% 25.45% 25.10% 25.00% 18.55% 18.85% 19.10% 20.15% 20.40% 20.85%
5 8 25.00% 25.00% 24.80% 27.50% 27.10% 26.85% 19.85% 20.05% 20.35% 21.70% 21.75% 22.20%
5 9 26.90% 26.90% 26.45% 29.75% 29.15% 28.85% 21.40% 21.40% 21.60% 23.30% 23.30% 23.65%
5 10 28.90% 28.75% 28.25% 33.15% 34.45% 34.15% 22.95% 22.85% 22.95% 25.05% 24.85% 25.15%
6 6 25.80% 26.15% 26.15% 28.45% 29.70% 29.20% 21.85% 22.15% 22.60% 23.15% 23.45% 24.00%
6 7 28.30% 28.45% 28.25% 31.15% 32.55% 31.55% 23.65% 23.80% 24.20% 25.25% 25.35% 25.90%
6 8 30.75% 30.80% 30.40% 33.30% 33.15% 32.05% 25.55% 25.55% 25.90% 27.45% 27.40% 27.85%
6 9 33.25% 33.10% 32.60% 36.10% 35.70% 34.50% 27.55% 27.40% 27.60% 29.70% 29.35% 29.80%
6 10 35.90% 35.50% 34.85% 39.00% 38.40% 37.00% 29.65% 29.20% 29.40% 31.80% 31.45% 31.80%
6 11 38.80% 38.10% 37.30% 42.10% 42.95% 42.60% 31.70% 31.20% 31.30% 34.25% 33.60% 33.85%
8 8 34.00% 35.45% 36.75% 41.00% 42.40% 43.10% 27.00% 28.75% 30.20% 28.75% 30.75% 32.25%
8 9 37.75% 38.85% 40.00% 44.85% 47.00% 47.70% 30.00% 31.50% 32.90% 32.10% 33.75% 35.10%
8 10 41.15% 41.90% 42.95% 46.10% 48.50% 48.75% 32.65% 33.90% 35.10% 34.95% 36.35% 37.55%
8 11 44.80% 45.15% 46.00% 50.30% 50.60% 50.80% 35.60% 36.35% 37.45% 38.10% 38.95% 40.10%
8 12 48.75% 48.50% 49.25% 54.75% 54.45% 54.60% 38.60% 39.05% 40.00% 41.25% 41.90% 42.80%
8 13 52.90% 52.15% 52.70% 62.70% 63.10% 63.40% 41.75% 41.75% 42.65% 44.70% 44.90% 45.70%
10 10 48.05% 49.75% 51.05% 53.40% 58.60% 59.60% 40.40% 42.40% 43.70% 43.10% 45.00% 46.25%
10 11 53.00% 54.25% 55.25% 58.25% 64.60% 65.50% 44.50% 46.00% 47.00% 47.50% 49.00% 50.00%
10 12 57.85% 58.60% 59.20% 63.55% 66.00% 67.50% 48.45% 49.65% 50.35% 51.70% 52.80% 53.55%
10 13 62.90% 63.20% 63.35% 69.10% 69.65% 69.40% 52.65% 53.25% 53.60% 56.20% 56.80% 57.20%
10 14 68.25% 68.00% 67.85% 75.05% 75.15% 74.30% 56.85% 57.35% 57.25% 60.95% 61.10% 61.00%
10 15 73.90% 73.20% 72.50% 87.50% 91.50% 90.40% 61.60% 61.55% 61.15% 65.90% 65.70% 65.05%
12 12 66.65% 67.85% NA 72.15% 78.50% NA 58.50% 61.50% NA 63.50% 66.50% NA
12 13 72.80% 73.50% NA 78.50% 83.25% NA 64.00% 66.60% NA 69.50% 72.00% NA
12 14 79.25% 79.15% NA 85.35% 84.75% NA 69.55% 71.50% NA 75.40% 77.45% NA
12 15 85.75% 85.15% NA 92.35% 91.05% NA 74.95% 76.75% NA 81.40% 83.20% NA
12 16 92.60% 91.35% NA 100.00% 98.00% NA 80.85% 82.15% NA 87.95% 89.25% NA
12 17 100.00% 98.15% NA 107.90% 105.20% NA 87.05% 87.95% NA 94.85% 95.65% NA
©Aditya Birla Sun Life Insurance Company Limited. All Rights Reserved.

Adithya Sundar / Tea Estate Owner

Important Notes & Disclaimer:
- This is a non-linked non-participating individual savings life insurance plan.
- This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI).
- GST and any other applicable taxes will be added (extra) to your premium and levied
as per extant 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.
- For policies issued on minor life, the date of commencement of risk shall be the date
of commencement of the policy. Where a policy is issued on a minor life, the policy
will vest aer attainment of majority of the Life Insured. Where the Life Insured
(whether major or minor) and Proposer/Policyholder is different, on the death of the
Proposer/Policyholder, his legal heirs, in accordance with the existing succession
laws, will be considered as new Proposer/Policyholder. As there is no death benefit
payable on the death of the Proposer/Policyholder, the policy status does not change,
and the policy continues. However, if the premiums are not paid before the expiry of
the grace period the policy would be subject to the provisions mentioned in the
‘Premium Discontinuance Section’.
- This brochure contains only the salient features of the plan. For further details, please
refer to the policy contract.
- This product shall also be available for sales through online channel.
- Tax benefits may be available as per prevailing tax laws. For more details and
clarification call your ABSLI Insurance Advisor or visit our website and see how we can
help in making your dreams come true.
- All policy benefits are subject to policy being in force.
- “We”, “Us”, “Our” or “the Company” or “ABSLI” means Aditya Birla Sun Life Insurance
Company Limited.
- “You” or “Your” means the Policyholder.
- Policyholder and Life Insured can be different under this product. In all situations, it is
ensured that the Policyholder has an insurable interest in the Life Insured.
For other terms and conditions, request your Agent Advisor or intermediaries for
giving a detailed presentation of the product before concluding the sale. Should you
need any further information from us, please contact us on the below mentioned
address and numbers.
 ABOUT ADITYA BIRLA SUNLIFE INSURANCE

Aditya Birla Sun Life Insurance Company Limited (ABSLI), is a life insurance subsidiary of
Aditya Birla Capital Ltd (ABCL). ABSLI was incorporated on August 4th, 2000 and
commenced operations on January 17th, 2001. ABSLI is a joint venture between the
Aditya Birla Group and Sun Life Financial Inc., an international financial services
organization in Canada.
ABSLI is one of India’s leading life insurance companies, offering a range of life insurance
products across the customer’s life cycle, including children future plans, wealth protection
plans, retirement and pension solutions, health plans, savings plans, term plans and Unit
Linked Insurance Plans (“ULIPs”). For more information, please visit the company's website
at www.lifeinsurance.adityabirlacapital.com

©Aditya Birla Sun Life Insurance Company Limited. All Rights Reserved.

Adithya Sundar / Tea Estate Owner

About Aditya Birla Capital
Aditya Birla Capital Limited (ABCL) is the holding company for the financial services
businesses of the Aditya Birla Group. ABCL’s subsidiaries have a presence across
Protecting, Investing and Financing solutions, ABCL is a universal financial solutions
group catering to diverse needs of its customers across their life stages. Empowered by
more than 30,500 employees, the subsidiaries of ABCL have a nationwide reach with
1,048 branches and more than 2,00,000 agents / channel partners and several bank
partners.
Aditya Birla Capital Limited is a part of the Aditya Birla Group, a global conglomerate in
the league of Fortune 500. Anchored by an extraordinary force of over 140,000
employees, belonging to 100 nationalities, the Aditya Birla Group operates in 36
countries across the globe. For more information, please visit the company's website at
www.adityabirlacapital.com
About Sun Life Financial Inc, Canada
Sun Life Financial is an international financial services organization providing insurance,
wealth and asset management solutions to individual and corporate Clients. Sun Life
Financial has operations in a number of markets worldwide, including Canada, the United
States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India,
China, Australia, Singapore, Vietnam, Malaysia, and Bermuda. As of March 31, 2021, Sun
Life Financial had total assets under management of CAD 1,304 billion. Sun Life
Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock
exchanges under the ticker symbol SLF. For more information, please visit the company's
website at www.sunlife.com

*(All the above numbers mentioned above for Aditya Birla Capital Limited are as on March 2022)
Aditya Birla Sun Life
Insurance Company Limited

Contact our advisor or visit our website www.adityabirlasunlifeinsurance.com to know more about the
various solutions. We provide a wide range of Life Insurance solutions to cater to your specific
protection needs.
Protection Health Children's Retirement Wealth Plans Savings Plans
Plans Plans Future Plans with Protection with Protection

“The 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 Office: One World Centre,Tower 1, 16th Floor, Jupiter
Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. 1-800-270-7000
www.adityabirlasunlifeinsurance.com IRDAI Reg No.109 CIN: U99999MH2000PLC128110 UIN:109N127V08
ADV/8/22-23/1130

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.