Birla sunlife fixed maturity plan
  • Tax Benefits u/s 80C & 10 (10D)
  • Single Premium
  • ZERO Withdrawal Charges
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Birla sunlife 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.

BSLI 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. 

This plan offers you various benefits including:

why-choose
  • Guaranteed Maturity Benefit
  • Death Benefit
  • Policy Loan Benefit
  • Surrender Benefit
  • Partial Withdrawals

Eligibility Criteria for Aditya Birla STEP Plan

Your Occupation

Entry age

8 years

Mukhyamantri Amrutam Yojana

Maturity age

70 years

Your Gender

Policy tenure

Minimum-5 to Maximum-10 years.

Maternity Benefit Rider

Premium payment term

Single, Limited, Regular

Dr YSR Aarogyasri Trust

Premium payment frequency

Single, Limited, Regular

Maternity Benefit Rider

Sum assured

Rs. 15000- no limit

How Does Aditya Birla Sun Life Fixed Maturity Plan ?

Let’s understand how the Aditya Birla Sun Life Fixed Maturity Plan works with the help of a simple illustration.

Why Buy Term Insurance Online?

Problem

Mr. Verma is looking for a savings plan that provides him guaranteed returns along with a return on the amount he has invested.

Solution

His financial advisor advised him to buy theAditya Birla Sun Life Fixed Maturity Plan to get the dual benefits of a life insurance plan and a savings plan. 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

Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 1 crore will be paid to their nominee.

Features of Birla sunlife fixed maturity plan

Here are some features of Birla sunlife fixed maturity plan:

Aditya Birla Life Insurance Life Plan

Birla sunlife fixed maturity plan

Birla sunlife 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 mat...

Unique Features

  • Tax Benefits u/s 80C & 10 (10D)
  • Single Premium
  • ZERO Withdrawal Charges

Birla sunlife fixed maturity plan (Pros)

Birla sunlife fixed maturity plan
  • Policy Loan
  • Surrender benefit
  • Guranteed maturity benefit

Birla sunlife fixed maturity plan (Cons)

Birla sunlife fixed maturity plan
  • Lack of Liquidity
  • Interest Rate Risk
  • Limited Flexibility

Birla sunlife fixed maturity plan (Other Benefits)

Birla sunlife fixed maturity plan
  • Enhanced Sum Assured
  • Tax benefit
  • Avail life cover

Birla sunlife fixed maturity plan (Eligibility Criteria)

Birla sunlife fixed maturity plan
  • Entry age-8 years
  • Sum assured- 15
  • 000 to no limit
  • Policy term-5 to 10 years
  • Premium payment mode- single pay
  • Maturity age-70 years
Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Aditya Birla Sun Life Fixed Maturity Plan

There are various benefits to buying the Aditya Birla Sun Life Fixed Maturity Plan. Let’s understand each of them in detail:

  • Guaranteed Death Benefit - In the case of the insured's death, the plan will offer the following death benefits: For Gold Benefit - The death benefit will be higher of the account value or sum assured or 105% of the total premiums paid as on the date of intimation of the claim form, For Platinum Benefit - The death benefit will be of higher of the policy account plus sum assured or 105% of the total premiums paid as on the date of intimation of the claim form.
  • Maturity Benefit - At the time of maturity, the insured will receive the policy account value that includes a terminal bonus. The maturity benefit will be paid in a lump sum amount.
  • Increase Policy Term Every year after the completion of 5 years of the policy, the insured will get a choice to increase the policy tenure. If the insured increases the policy tenure, the corresponding premium payment term will also be increased. You can grab this benefit only once during the entire policy term.

Documents Required to Buy Aditya Birla Sun Life Fixed Maturity Plan

Here is the list of documents required to buy the Aditya Birla Sun Life Fixed Maturity Plan:

  • Regular Smoking
    Photo ID Proof
  • Your Occupation
    Age Proof
  • Pre-Existing Diseases
    Address Proof
  • Your Age
    Medical Records
  • Your Gender
    Income Proof
Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy Birla sunlife fixed maturity plan?

You can buy the Birla sunlife fixed maturity plan official website or one of their nearest branch offices.

 

Life Insurance
  • Step 1

    Visit the official website of PolicyX.com.

  • Step 2

    Click on the ‘Investment’ tab.

  • Step 3

    A new page will appear on the screen.

  • Step 4

    Fill out the form at the top of the page with the necessary details.

  • Step 5

    Select your income and city. Click on 'Proceed'.

  • Step 6

    Update your education and occupation details.

  • Step 7

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 8

    Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Life Insurance
  • Step 1

    Visit the official website of Aditya birla sunlife Insurance Company.

  • Step 2

    Hover over the ‘Plans’ and click on ‘Saving Plans’.

  • Step 3

    Click on ‘Online Plans’ and choose 'Exclusions of Aditya birla sunlife'.

  • Step 4

    Click on ‘Know More’ and you will be redirected to a new page.

  • Step 5

    Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.

  • Step 6

    Once discussed you can make the premium payment and get the policy documents.

Buying From Their Branch Office

You can buy the Aditya Birla Sun Life Fixed Maturity Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.

Your Occupation

Exclusions of Aditya Birla Sun Life Fixed Maturity Plan

  • In case the policyholder commits suicide within 12 months of policy purchase then no death benefits are offered to their family members. Either 80% of the premiums paid to date or the surrender value acquired to date whichever is higher is paid.

Plan At a Glance

What’s Good Here What’s Missing
Guaranteed Minimum bonus Interim bonus
Flexible premium paying term Partial withdrawl
Choice to alter the premium payment mode Auto cover continuance
Option to take a policy loan Top-up premium

In a nutshell

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 then 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.

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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Himanshu Kumar

Written By: Naval Goel

Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.

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