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.

Read more
kapil-sharma
  • 4.8++ Rated
  • 10.5 Crore Registered Consumer
  • 51 Partners Insurance Partners
  • 5.3 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^
Buy Online & Get upto 4% extra#
Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*
+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs
Get Updates on WhatsApp
We are rated++
rating
10.5 Crore
Registered Consumer
51
Insurance Partners
5.3 Crore
Policies Sold

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
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.
*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

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Invest More Get More!
You Get
₹1 Crores*
You Invest
₹10K/month
You Get
₹80 Lakhs*
You Invest
₹8K/month
You Get
₹50 Lakhs*
You Invest
₹5K/month
Average Rating
(Based on 1286 Reviews)

Investment plans articles

Recent Articles
Popular Articles
Marriage Investment Plans

23 Jun 2025

A Wedding Day is a once-in-a-lifetime event, and it must only be
Read more
Punjab Government Schemes

28 May 2025

Punjab, the land of five rivers, is known for its vibrant
Read more
Short Term Investment Plans for 1 Month

19 May 2025

When you need to park your money safely for just a month
Read more
Short Term Investment Plan for 6 Months

19 May 2025

For investors seeking the best investment plan for 6 months, the
Read more
Short Term Investment Plans for 3 Months

19 May 2025

Short-term investment plans for 3 months are financial
Read more
Best Investment Options in India in 2025
  • 04 Apr 2014
  • 1970782
In India, there are many safe and reliable options to grow your money with minimal risk. Whether you are new to
Read more
Post Office Senior Citizen Savings Scheme (SCSS) 2025
  • 13 Feb 2020
  • 157159
The Post Office Senior Citizen Savings Scheme (SCSS) is a government-backed scheme designed specifically for
Read more
Investment Options for Senior Citizens
  • 06 Nov 2024
  • 25736
As we age, managing finances becomes increasingly important. Senior citizens often seek safe and stable
Read more
Government Schemes to Invest in India in the Year 2025
  • 23 Dec 2021
  • 31319
Government schemes offer secure returns, tax benefits, and long-term growth. In 2025, top schemes like PPF, SSY
Read more
Best Saving Plans in India 2025
  • 30 Jan 2019
  • 203723
Saving money is an important step towards achieving financial independence and security. Whether you're looking
Read more

ABSLI - Jeevan Bachat Plan Reviews & Ratings

4.6 / 5 (Based on 1286 Reviews)
(Showing Newest 10 reviews)
Divya
Ranchi, June 22, 2025
Kotak E Invest plus Policybazaar equal Win
Best combo. Policybazaars help made it stress free.
Harsha
Guwahati, June 21, 2025
Promise for Growth Plus Is Understated
It quietly delivers what it promises. Good pick.
Meera
Vellore, June 20, 2025
Click to Invest Makes Investing Fun
Simple UI digital first and a great entry level product.
Nikhil
Shimla, June 19, 2025
Goal Assure IV Seems Tailored for Me
Plan gives control over fund choice and returns.
Aditi
Vijayawada, June 16, 2025
Policybazaar Helped Me Choose Confidently
Smart Fortune Plus was explained so well. Really appreciated the clarity.
Nidhi
Indore, June 11, 2025
Birla Wealth Smart Plus Has Solid Features
Low charges and good growth options. Very happy.
Siddharth
Kochi, May 10, 2025
Pramerica Smart Invest Was a Pleasant Surprise
Didnt expect it to be this flexible. Great choice.
Aisha
Kolkata, April 09, 2025
ICICI Signature Plan Was a Smart Decision
Liked the balance between life cover and returns
Raghav
Ahmedabad, April 08, 2025
LIC Index Plus is a No Brainer
Safe low risk and time tested. I didnt have to think twice.
Amit
Guwahati, March 26, 2025
Reliable and Safe Investment
Policybazaar is reliable for investment. HDFC Life Dynamic Advantage Fund performs well and is safe for long term.
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL