ABSLI Fixed Maturity Plan

Investments ka Guaranteed* Sixer!

Guaranteed* Maturity
Tax Benefits^
Single Premium
Life Cover

What is ABSLI Fixed Maturity Plan?
ABSLI Fixed Maturity Plan is a life insurance savings plan which gives you a financial guarantee* to fulfil your dreams while providing you with a life cover which safeguards your family in case of an eventuality.

Key Features

Guaranteed* Returns
Flexibility Of Investment Amount and policy term
Liquidity And Easy Surrender Process
Life Cover
Loan Against Policy for Emergencies
Zero Risk investment

Why invest in ABSLI Fixed Maturity Plan?

Here are the top 4 reasons for you to consider this plan:

Guaranteed* Maturity Benefits

Enjoy Guaranteed Benefits at Maturity irrespective of market conditions.

Life Cover

Get Life Cover to protect your family against any unfortunate event. Choose the extent of your coverage by varied Sum Assured Multiples.

Flexibility

Choose from a wide range of Policy Terms basis your dreams.

Liquidity

High surrender value to ensure your premiums are protected.

All You Need To Know

Benefits

Guaranteed* Maturity Benefit
At the end of the Policy Term, you will receive a Guaranteed* Maturity Benefit as a Lump-Sum which will take you a step closer to your dreams. Guaranteed* Maturity Benefit is defined as a percentage of Total Premiums paid excluding the taxes & extra underwriting premiums.
Death Benefit
In the event of death of the Life Insured during the Policy Term and provided that the Policy is In-force, the Death Benefit will be payable to the Nominee(s)/ Legal heir(s). Nomination can only be effected if the Policyholder and Life Insured are the same
Surrender Benefit
You can surrender your policy anytime during the Policy Term once the Policy has been issued (we hope you don’t have to do this). The policy will terminate after payment of the Surrender Value and thereafter no other benefits under this Policy shall be payable.
Policy Loan
You can take a loan against your policy once it has acquired a Surrender Value. The minimum policy loan can be ₹5,000 and the maximum 80% for Option A and 65% for Option B of the then applicable Surrender Value less any outstanding policy loan balance as on that date. The outstanding policy loan balance is an amount of loan still unpaid plus all accrued but unpaid loan interest up to the given date.
Tax Benefits
You may be entitled to certain applicable tax benefits on premiums paid and on benefit(s) received under your policy. Please note that all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. It is advisable to seek an independent tax advice

Check Your Eligibility

Coverage

All Individuals (Male | Female | Transgender)

Premium Payment Term (PPT) & Policy Term (PT)

Premium Payment Term (Years)	Policy Term (Years)
Premium Payment Term (Years)	Minimum	Maximum
Single Pay	5	10

Age of the Life Insured at Entry (Age as on last birthday)

Minimum

8 years¹

¹ In case the Life Insured is a minor, the Policy will automatically vest in favour of Life Insured after attainment of majority of the Life Insured. For policies issued on minor life, the date of commencement of risk shall be the date of commencement of the policy.

Maximum

Option A – 60 years

Option B – 50 years

Maturity Age of the Life Insured (Age as on last birthday)

Minimum

18 years

Maximum

Option A – 70 years

Option B – 60 years

Minimum Annualized Premium

Rs 12,000

Minimum Sum Assured

Rs 15,000

Maximum Annualized

Premium

No Limit (subject to Board Approved Underwriting Policy)

Premium Bands

The benefits under this product vary by premium bands as mentioned below:

Annualized Premium	Band 1	Band 2	Band 3	Band 4	Band 5	Band 6
Single Pay	12,000 to 29,999	30,000 to 49,999	50,000 to 99,999	1,00,000 to 1,99,999	2,00,000 to 4,99,999	5,00,000 & above

Sum Assured Multiple

Option A – 1.25 to 1.77 times the single premium

Option B – 10 to 10.42 times the single premium

How does ABSLI Fixed Maturity Plan Works?

Use case 1

Mr. Rahul aged 25 years old purchased ABSLI Fixed Maturity Plan.
He chose policy term of 5 years & Plan Option A.
He paid a single premium of Rs. 2,00,000.
At the end of the 5th year, he receives a guaranteed maturity benefit of Rs. 2,69,600.

Use case 2

Mr. Rahul aged 25 years old purchased ABSLI Fixed Maturity Plan.
He chose policy term of 5 years & Plan Option A.
He paid a single premium of Rs. 2,00,000.
He died in the beginning of the 4th year.

In this scenario, Mr. Rahul’s nominee will receive a sum assured on death of Rs. 3,20,000.

What's not Covered under ABSLI Fixed Maturity Plan?

In case of death of the Life Insured due to suicide within 12 months from the date of commencement of the risk, as applicable, your nominee(s)/ Legal heir(s) or the beneficiary of the policyholder shall be entitled to receive the total premiums paid till date of death or surrender value available on the date of death, whichever is higher.

How to initiate Claim?

3 quick steps, everything online.

Fill basic details
Claim intimation
Document submission

View Commission Related Information

FAQs

What is ABSLI Fixed Maturity Plan?
ABSLI Fixed Maturity Plan is a Guaranteed* Endowment Plan – i.e. the plan provides lumpsum benefits on policy maturity. This plan has a Single Pay Option with a flexibility to choose the policy term between 5- 10 years. This plan creates a cushion of guarantee for your savings by providing both protection benefits across policy term to help safeguard all your dreams.
What is the Premium Paying Term and the Policy Term under this Plan?
Customer only has a Single Pay Option in this plan. Policy Term options are between 5- 10 years.
What are the benefits offered under this plan?
The plan offers | Guaranteed* Maturity Benefit | Death Benefits in addition to the facility of loans and policy surrender benefits.
Is loan facility available under this plan?
Yes. Customer can take a loan against the policy once it acquires a surrender value.

The minimum policy loan can be ₹5,000 and the maximum 80% for Option A and 65% for Option B of the then applicable Surrender Value less any outstanding policy loan balance as on that date. The outstanding policy loan balance is an amount of loan still unpaid plus all accrued but unpaid loan interest up to the given date.
Can this plan be taken by NRIs?
Yes, this plan can be taken by NRI customers.

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Disclaimer

*Provided all due premiums are paid and the policy is in force

# Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.

HDFC Bank Limited (IRDAI Registration No: CA0010) is the Corporate Agent of Aditya Birla Sun Life Insurance Company Limited and does not underwrite the risk or act as an insurer.

Registered Address: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Participation by the Bank’s clients in the Insurance products is purely on a voluntary basis. The contract of Insurance is between Aditya Birla Sun Life Insurance Company Limited and the Insured and not between HDFC Bank and the Insured.

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a Non- Linked Non- Participating Individual Savings Life Insurance Plan. All terms & conditions are guaranteed throughout the policy term. GST and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. For other terms and conditions, request your Agent Advisor or intermediaries for giving a detailed presentation of the product before concluding the sale. Should you need any further information from us, please contact us on the below mentioned address and numbers. UIN: 109N135V01. ADV/7/22-23/726

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS!

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

“As per recent changes in section 10(10D) of Income Tax Act, where the amount of aggregate annual premium payable in the financial year in case of Traditional plans (all non-unit linked plans except Annuity, Pension and Pure Risk Plans) issued on or after 1st April 2023 exceeding INR 5,00,000 the benefits of the policy/policies shall not be eligible for exemption under section 10(10D) except in case of death”. The customer is requested to seek advice of a tax advisor with respect to his/her personal tax liabilities under the Indian Income-tax law."