Aditya Birla Sun Life Insurance Fixed Maturity Plan
  • Tax Benefits u/s 80C & 10 (10D)
  • Single Premium
  • ZERO Withdrawal Charges
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Aditya Birla Sunlife Insurance Fixed Maturity Plan

Aditya Birla Sunlife Fixed Maturity Plan is a non-linked, non-participating endowment product providing fully guaranteed benefits as a lump-sum on maturity. ABSLI Fixed Maturity Plan is a savings vehicle that offers life insurance protection and savings advantages to protect your loved ones from financial hardship in the event of a tragic event, while also assisting you in building lump sum benefits to realize all of your goals.

ABSLI Fixed Maturity Plan is a versatile insurance plan with numerous Policy Terms & Sum Assured Multiples to meet your needs and Enhanced Maturity Benefit for higher premiums. ABSLI Fixed maturity plan has a Single Pay Option with the flexibility to choose the policy term between 5- 10 years. By offering protection advantages over the course of the policy, this plan builds a guarantee cushion for your funds, assisting in the protection of all your dreams.

ABSLI Fixed Maturity Plan Specifications

Entry Age

Min: 8 years
Max: Option A - 60 Years
Option B - 50 Years

Sum Insured

Min: Rs.15,000

Maturity Age

Max: Option A - 70 Years
Option B - 60 Years

Policy Term (Months)

5 to 10

Premium payment mode

Single pay

Read more specifications in the brochure.

Key Features of ABSLI Fixed Maturity Plan

The financial safety net provided by the ABSLI Fixed Maturity Plan allows you to pursue your goals carefreely. Aditya Birla Sun Life Insurance is one of the well-known companies in the insurance industry, providing insurance products like the ABSLI Fixed Maturity Plan, which provides comprehensive security for you and your loved ones. The plan includes a tonne of features and perks.

  • Avail Advantages of Assured Maturity: No matter how the market fluctuates, policyholders of the ABSLI fixed maturity plan can benefit from guaranteed maturity benefits.
  • Access to Policy Loans: As ASBLI Fixed Maturity Plan policyholders you can take a loan against the policy wherein the minimum policy loan value will be INR 5,000 and the maximum 80% for Option A and 65% for Option B.
  • Avail life cover : With multiple sum assured options ABSLI Fixed Maturity Plan offers Life Cover to protect your family against any unfortunate event.
  • Tax Benefits: Investing in ABSLI Fixed Maturity Plan may entitle you to certain applicable tax benefits on premium paid and on benefits received under your policy. Tax benefits may be available as per prevailing tax laws.
  • Enhanced Sum Assured : Policyholders of ABSLI Flixed Maturity Plan can avail an Enhanced Maturity Benefit for higher premiums.

ABSLI Fixed Maturity Plan Benefits

There are multiple plan benefits available for policyholders when they purchase ABSLI Fixed Maturity plan.

  • Guaranteed Maturity Benefit : Policyholders will receive a Guaranteed Maturity Benefit as a Lump-Sum at the conclusion of the Policy Term, which will help them in achieving their goals and aspirations. When ABSLI Fixed Maturity Plan mentions guaranteed maturity benefits it means that the proportion of the total premiums paid, minus taxes and additional underwriting premiums, is what is meant by the term "guaranteed maturity benefit."
  • Death Benefit : A death benefit is provided under the ABSLI Fixed Maturity Plan. The Death Benefit will be paid to the Nominee/Legal heir in the event that the Life Insured passes away at any time throughout the Policy Term.
  • Policy Loan Benefit : Once the ABSLI Fixed Maturity Plan has accumulated a Surrender Value, policyholders are permitted to take a loan against the policy. The policy loan can be as little as Rs. 5,000 and as much as 80% for Option A and 65% for Option B of the appropriate Surrender Value as of that date.
  • Surrender Benefit : After the ABSLI Fixed Maturity Plan is issued, policyholders can cancel it at any moment during the policy term. After the Surrender Value has been paid, the insurance will expire, and no further benefits under this policy will be payable. The Guaranteed Surrender Value (GSV) or the Special Surrender Value, whichever is greater, will determine the surrender value that is due (SSV).

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

ABSLI Fixed Maturity Plan Options

There are two plan options available under ABSLI Fixed Maturity Plan:

  • Option A - 1.25 to 1.77 times the single premium
  • Option B - 10 to 10.42 times the single premium

ABSLI Fixed Maturity Plan Premium Table

Calculation of premiums is essential to understand how much of maturity benefit one may of receive at the end of their policy term.

Option A; Policy Term: 5 years

Single Premium/ Age 30 Years 40 Years 50 Years
Maturity Benefit
Rs. 2,00,000 2,78,600 2,78,600 2,78,600
Rs. 5,00,000 6,96,750 6,96,750 6,96,750

Option B; Policy Term: 10 years

Single Premium/ Age 30 Years 40 Years 50 Years
Maturity Benefit
Rs. 2,00,000 3,70,300 3,69,600 3,45,700
Rs. 5,00,000 9,26,500 9,24,750 8,65,250

Life Insurance Articles

Life Insurance FAQs

Life Insurance FAQsSeptember, 2021

ABSLI Fixed Maturity Plan: FAQs

1. What is the eligibility criteria for ABSLI Fixed Maturity Plan?

The Eligibility criteria for ABSLI Fixed Maturity Plan is

Minimum entry age: 8 years
Maximum entry age: Option A - 60 Years / Option B - 50 Years

Minimum maturity age: 18 years
Maximum maturity age : Option A - 70 Years / Option B - 60 Years

2. What is the ABSLI Fixed Maturity Plan?

Because the ABSLI Fixed Maturity Plan is a Guaranteed Endowment Plan, it offers lump sum rewards upon policy maturity. The Single Pay Option of this plan gives you the freedom to select a policy term between 5 and 10 years. The ABSLI Fixed Maturity Plan is a fantastic choice since it offers both protection benefits over the course of the policy to assist protect all your dreams, creating a financial cushion of guarantee for your money.

3. What are the premium payment options available under ABSLI Fixed Maturity Plan?

There is only a single-pay option available for ABSLI Fixed Maturity Plan policyholders.

4. What are the policy term options available under ABSLI Fixed Maturity Plan?

Policyholders have policy term options between 5 to 10 years.

5. What benefits will I receive under ABSLI Fixed Maturity Plan?

ABSLI Fixed Maturity Plan offers multiple plan benefits such as

  • Guaranteed Maturity Benefit
  • Loan against policy benefit
  • Death Benefit
  • Tax Benefit
  • Policy Surrender Benefit

6. How much loan can I avail myself of under ABSLI Fixed Maturity Plan?

Policyholders can avail of a minimum loan of Rs. 5,000 under ABSLI Fixed Maturity Plan and it can go up to 80% for Option A and 65% for Option B of the then applicable Surrender Value.

7. Can Nonresident Indians avail themselves of ABSLI Fixed Maturity Plan?

NRI customers can avail the benefits of the ABSLI Fixed Maturity Plan and purchase the plan.

8. Are there any available discounts when purchasing ABSLI Fixed Maturity Plan?

Policyholders can avail of discounts only once while purchasing the policy.

9. What are the sum assured options available under ABSLI Fixed Maturity Plan?

There are two sum assured options available under ABSLI Fixed Maturity Plan

  • Option A - 1.25 to 1.77 times the single premium
  • Option B - 10 to 10.42 times the single premium

10. What are the exclusions under ABSLI Fixed Maturity Plan?

Under ABSLI Fixed Maturity Plan in case of death of the Life Insured due to suicide within 12 months from the date of commencement, the nominee of the policyholder shall be entitled to receive the total premiums paid till the date of death or surrender value available on the date of death, whichever is higher.

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