Aditya Birla Sun Life Insurance Fixed Maturity Plan

Overview

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:

• Guaranteed Maturity Benefit
• Death Benefit
• Policy Loan Benefit
• Surrender Benefit
• Partial Withdrawals

How to Buy Aditya Birla Sun Life Fixed Maturity Plan

How to Buy Aditya Birla Sun Life Fixed Maturity Plan Online via PolicyX.com

1. Visit the official website of PolicyX.com.
2. Click on the 'Investment' tab.
3. A new page will appear on the screen.
4. Fill out the form at the top of the page with the necessary details.
5. Select your income and city. Click on 'Proceed'.
6. Update your education and occupation details.
7. Choose your preferred plan and click on 'Buy this plan'.
8. Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Benefits of 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, sum assured, or 105% of the total premiums paid as of the claim intimation date.
  • For Platinum Benefit: The death benefit will be higher of the policy account plus sum assured, or 105% of the total premiums paid as of the claim intimation date.
• Maturity Benefit: At maturity, the insured will receive the policy account value, which includes a terminal bonus, paid as a lump sum.
• Increase Policy Term: After completing 5 policy years, the insured has the option to increase the policy tenure. If the policy tenure is increased, the corresponding premium payment term will also be extended. This benefit can be availed only once during the entire policy term.

Additional Features of Aditya Birla Sun Life Fixed Maturity Plan

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.

How to Buy Aditya Birla Sun Life Fixed Maturity Plan via Official Website

1. Visit the official website of Aditya Birla Sun Life Insurance Company.
2. Hover over the 'Plans' and click on 'Saving Plans'.
3. Click on 'Online Plans' and choose 'Aditya Birla Sun Life Fixed Maturity Plan'.
4. Click on 'Know More' and you will be redirected to a new page.
5. Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
6. Once discussed, you can make the premium payment and get the policy documents.

Exclusions

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

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:

• Photo ID Proof: Passport, Aadhaar card, PAN card, Driving license (any one of the following).
• Age Proof: Passport, Aadhaar card, PAN card, Driving license (any one of the following).
• Address Proof: Utility bill, Passport, Voter ID, Ration Card (any one of the following).
• Medical Records: Medical records of the policyholder, if requested.
• Income Proof: Bank statement, last three months' salary slips (for salaried individuals) (any one of the following).

Plan At a Glance

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, 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.