ABSLI - Jeevan Bachat Plan

The Aditya Birla Sun Life Insurance Jeevan Bachat Plan is a Non-participating and Non-linked life insurance plan offered by Aditya Birla Capital. The plan helps protect your savings and guarantees returns. The plan also provides life cover ten times of your premium and tax benefits. Your savings will be built-up to give a considerable sum of money after a fixed period or upon the death of the life insured.

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  • 4.8~ Rated
  • 7.7 Crore Registered Consumer
  • 51 Partners Insurance Partners
  • 4.2 Crore Policies Sold

Investment Plans

  • Guaranteed Tax Savings^Under sec 80C & 10(10D)
  • Under sec 80C & 10(10D)Invest ₹10k Per Month*
  • Zero LTCG Tax^
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Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*
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9.7 Crore
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Insurance Partners
4.9 Crore
Policies Sold
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

As the future is uncertain, it is always wise to prepare for contingencies by securely investing your savings in a monthly or yearly plan and getting a lump sum amount in return later. This plan ensures you get a boost on your savings and helps you get a brighter future. 

ABSLI – Jeevan Bachat Plan Details:

Parameters  Details 
Policy Tenure For Single Pay & 6- year Payment: 10/15/20 years For Regular Payment: 10/ 15 years For 9-year & 12-year Payment: 15/ 20 years
Premium Paying Term Single Pay Limited Payment: 10/15 years Regular Payment: 6/9/12 years
Premium Paying Mode Single, Quarterly, Monthly, Semi-annual, Annual
Entry Age 1-55 years (age last birthday)
Maturity Age 18-65 years
Grace Period 30 days
Sum Assured Minimum: 
  • Limited and Regular Payment – Rs. 50,000
  • Single Payment – Rs. 25,000 
Maximum: Rs. 10,00,000
Liquidity  The set surrender value is a minimum of Rs. 5000 and maximum up to 85% of your surrender value, and then you can take a loan against it. 

Benefits of the ABSLI - Jeevan Bachat Plan

There are many benefits offered by Jeevan Bachat Plan by Aditya Birla Sun Life Insurance. The core benefits of the plan are explained below:

Death Benefit: If the insured person loses his life during the ABSLI – Jeevan Bachat Plan Policy term due to some unfortunate incident, then the insured's nominee will get the Death Benefit. This Benefit includes the Death Sum Assured plus the guaranteed additions accrued till the death date. 

Accidental Death Benefit: In case death occurs due to an accident during the term of the policy, and the life insured is an adult, then the nominee will get an Accidental Death Benefit, which is equal to the Death Sum Assured, along with the Death Benefit mentioned above. 

Maturity Benefit: Upon the insured person's survival throughout the policy term, the guaranteed accrued additions until maturity are paid along with the Maturity Sum Assured. This Maturity Sum Assured equals the amount of total paid premiums. 

Guaranteed Additions: In the case of Single Pay & Limited Pay policies, monthly accruals will be done to the policy for the guaranteed additions per thousand of Maturity Sum Assured after the Premium Payment Term till the policy's maturity date. It will be payable in case of the Policy maturity or the life insured's death after the premium paying term, whichever happens early.  

The Premium for ABSLI - Jeevan Bachat Plan

The ABSLI – Jeevan Bachat Plan premium can be paid using a variety of options available. They are categorized as follows:

Band 1 - The amount of Single Pay Premium starts from Rs. 20,000 to Rs. 49,999, and the annual premium range is Rs. 5,000-Rs.19, 999. 

Band 2 - Here, the Single Premium range is Rs. 50,000- Rs.79, 999, and the annual premium range are Rs. 20,000- Rs.39, 999. 

Band 3 - The Single Premium range is Rs. 80,000- Rs.1, 00,000 while the annual premium range is Rs. 40,000- Rs.1, 00,000. 

The ABSLI – Jeevan Bachat Plan calculator, is available online to assess and calculate the premium sum to be paid.

Additional Riders for ABSLI - Jeevan Bachat Plan

There is no provision of additional riders available for the ABSLI – Jeevan Bachat plan.

  1. Eligibility for ABSLI - Jeevan Bachat Plan

    • Minimum age of entry- 1 year
    • Maximum age of entry- 55 years
    • Minimum maturity age- 18 years
    • Maximum maturity age- 65 years

What are the Documents Required to Buy this Policy?

To buy the ABSLI – Jeevan Bachat Plan policy, one must provide the following documents-

  • Identity proof- AADHAR card, voter's card, or passport
  • Address proof- AADHAR card, driver's license, ration card, or passport
  • Income proof- Salary slips or income tax returns

How to Buy this Plan Online?

Online ABSLI – Jeevan Bachat Plan cannot be bought. It is an offline plan. The process to buy ABSLI – Jeevan Bachat plan is as follows-

Step 1: Visit the official website of Policybazaar.com 

Step 2: Select the premium sum and policy term

Step 3: With the assistance of the life advisor, fill the application form.

Step 4: Pay the amount to purchase it.

Exclusions of ABSLI - Jeevan Bachat Plan

The ABSLI – Jeevan Bachat Plan reviews let us know that the policy is extensive, but it does have a separate death clause by suicide. In the event of the death of the life insured by suicide, within a year of the policy start or the policy revival date, then the nominee will get the higher of premiums paid to date (except applicable taxes) or the Policy Surrender Value, given that the policy is in force.  

FAQ's

Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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ABSLI - Jeevan Bachat Plan Reviews & Ratings

4.6 / 5 (Based on 1224 Reviews)
(Showing Newest 10 reviews)
Sushil
Guwahati, January 27, 2025
Transparent Information
I appreciate how Policybazaar presents transparent information about fees NAVs and fund objectives. It made decisionmaking much easier.
Manish
Ranchi, January 26, 2025
Easy Investment Process
Investing in NFOs through Policybazaar has been incredibly convenient. The process is straightforward and I was able to choose my preferred NFOs without any hassle.
Priyanka
Bhubaneswar, January 24, 2025
Trustworthy Option
Axis Max Life Sustainable Wealth fifty Index Fund is a trustworthy investment and Policybazaars platform makes investing easy and accessible for everyone.
Amit
Mumbai, January 18, 2025
Flexibility
Investing through Policybazaar allows for flexible investment options. Whether its SIP or lump sum I can choose what fits my financial goals.
Neha
Visakhapatnam, January 18, 2025
Easy KYC Process
The KYC verification was simple and fast which made my investment journey smooth.
Prashant
Udyapur, January 16, 2025
Good
I gifted life traditional plan to my wife. The policy coverage is 95% and the claims are Rs.41 L. Services provided by the executives is really very good and online facility also there which have easy interface. My wife is happy with this policy, so m i. Good Job.
Karan
Kota, January 16, 2025
Nice
I have the best policy plan from pnb metlife life insurance. The benefits are many with low premiums. Policy coverage is 91%. Claims approx. Rs.39 L with easy procedure to get it. Good future investment. I'm happy with it.
Harish
Mysore, January 16, 2025
Normal Plan
I Bought pnb metlife life insurance and took traditional insurance policy plan. The policy is average and the coverage is 70%. The claims are normal but the premiums are low. The service is okay which provided by the staff members. Good future investment and tax cutter also. Satisfied.
Gaurav
Hoshiarpur, January 16, 2025
Fair Policy
Buy traditional plans from pnb metlife life insurance. The policy coverage is around 85%. Services provided by executives is awesome. Claims are good and done without any interruption. Overall fine life insurance which have low premiums. Nice future investment and it saves taxes also.
Abhinav
Kolkata, January 16, 2025
Average
I have traditional plan from pnb metlife life insurance. Policy coverage is 83% and the claims are Rs.37 L. Service is good and quick provided by the executives and staff members. But please improve your online services. Good future investment which saves taxes too. Nice work.
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