Aditya Birla Sun Life Insurance Assured Income Plus [Honest Review]

Plan Type

This is a Non-Linked Non-Participating Individual Savings Life Insurance Plan

UIN Number

UIN:109N127V10 (Always match this when you are comparing the features of a plan

Last EPM Review Date

12-March-2023

Official Links

Official Website Official Brochure

Features of Plan

• Long-Term Income
• Two Benefit Options
  • Income only Benefit
  • Income with Lumpsum Benefit (Previously this was “Return of Premium”)
• Loyalty Additions
• Guaranteed Lumpsum Benefit
• Commutation Option
• Customizable Benefits

Premium Payment Term

Premium Payment Term is the duration till which you need to pay the premium.

Policy Term is the duration during which your policy is active and during which time only Death benefit will be given.

Benefit Payout Period is the duration during which you will be receiving the income against your investments (assumption that you have survived the Policy Term).

Premium Payment Mode

Premium Payment mode is Annual, Semi-Annual, Quarterly or Monthly and as you move towards more frequent mode of payment, your Premium amount will increase as per the factor noted below.

Minimum/Maximum Premium

How does the Plan work?

Official Case Study 1

Case Study for Income Only Benefit Option: Mr. Sharma, aged 35 years, invests ₹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. Detailed analysis done in the Excel Sheet. Screen shots below for reference.