Aditya Birla Sun Life Insurance
Aditya Birla Sun Life Fixed Maturity Plan is a non-linked, non-partici ...Read More
A quick read on what this Aditya Birla Sun Life Insurance term plan covers and why it might be a fit for you.
Aditya Birla Sun Life Fixed Maturity Plan is a non-linked, non-participating endowment product providing fully guaranteed benefits as a lump sum on maturity. The 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 an unfortunate event, while also assisting you in building a lump sum to achieve your financial goals.
The ABSLI Fixed Maturity Plan is a versatile insurance plan with various policy terms and sum assured multiples to meet your needs, and an enhanced maturity benefit for higher premiums. The ABSLI Fixed Maturity Plan has a Single Pay option with the flexibility to choose the policy term between 5-10 years. By offering protection benefits throughout the policy term, this plan helps secure your funds and protect your dreams.
This plan offers you various benefits including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let’s understand how the Aditya Birla Sun Life Fixed Maturity Plan works with the help of a simple illustration.
Mr. Verma is looking for a savings plan that offers guaranteed returns on his investment.
His financial advisor advised him to buy the Aditya Birla Sun Life Fixed Maturity Plan to get the dual benefits of life insurance and savings. He visited PolicyX.com.
Let's understand how the Aditya Birla Sun Life Fixed Maturity Plan works for him with a premium illustration table.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Basic sum assured | Guaranteed additions | Maturity benefits |
| 40 years | Rs. 5,000 | 15 years | 10 years | Rs 50,000 | Rs 50,000 | Rs 39,400 | Rs 89,400 |
There are various benefits to buying the Aditya Birla Sun Life Fixed Maturity Plan. Let’s understand each of them in detail:
Key features that make Aditya Birla Sun Life Fixed Maturity Plan stand out.
Guaranteed Minimum Bonus
This allows the insured to receive an interest rate of 1.00% p.a. on the policy account balance daily on a pro-rated basis. The accrued interest is credited to the balance at the end of each financial year and forms part of the principal at the start of the next financial year.
Interim Bonus
The plan offers an interim bonus to its customers, which is declared at the start of the year.
Flexibility
The plan offers flexibility to increase or decrease the sum assured, and the insured can choose policy terms according to their requirements.
Revival/Renewal
Your policy can be reinstated within two years from the date of the first unpaid premium by paying all outstanding premiums.
Grace Period
The Aditya Birla Sun Life Fixed Maturity Plan includes a grace period of 30 days for yearly, half-yearly, or quarterly premiums, and 15 days for monthly premiums. This is additional time provided to make your premium payment after the due date.
Keep these documents handy when applying for Aditya Birla Sun Life Fixed Maturity Plan.
Photo ID Proof
Photo ID Proof (any one of the following) - Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Age Proof (any one of the following) - Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Address Proof (any one of the following) - Utility bill, Passport, Voter ID, Ration Card.
Medical Records
Medical records of the policyholder, if requested.
Income Proof
Income Proof (any one of the following) - Bank statement, last three months' salary slips (for salaried individuals).
Here are the key features of the Aditya Birla Sun Life Fixed Maturity Plan.
| What’s Good Here | What’s Missing |
| Guaranteed Minimum Bonus | Interim Bonus |
| Flexible premium paying term | Partial Withdrawal |
| Choice to alter the premium payment mode | Auto Cover Continuance |
| Option to take a policy loan | Top-up Premium |
The Aditya Birla Sun Life Fixed Maturity Plan is a debt-oriented investment product designed to offer investors a predictable return over a specified period. With a focus on capital preservation and consistent income, the plan primarily invests in a mix of debt instruments, which is ideal for risk-averse investors looking for stability and regular returns. This plan offers you guaranteed additions along with maturity benefits. If you are still confused about whether buying this plan is right for you or not, you can contact us at PolicyX.com.
For more info related to this plan, you can visit PolicyX.com, or call us at 1800-420-0269. Our insurance experts listen to your unique needs and suggest the best possible solution for you.
The 10 most-asked questions about Aditya Birla Sun Life Fixed Maturity Plan, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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