ABSLI SecurePlus Plan

Despite the best financial planning by an individual anticipating the best for self and the family, unforeseen eventualities might cause it to go awry. To prevent such a possibility, investing in ABSLI SecurePlus Plan makes sense, as it provides for Guaranteed Back-Up Income, which practically supplements regular income to help overcome economic instability.

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Maximum returns Offered by Guaranteed


Fixed Deposits

(by SBI bank)

(5-10 Years)


Public Provident Fund

(other popular options)

(15 Years)

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We are rated~
58.9 Million
Registered Consumer
Insurance Partners
26.4 Million
Policies Sold

ABSLI SecurePlus Policy is a traditional non-participating life insurance product that ensures increasing assured income with flexibility to choose a suitable Income Benefit and the premium to be paid every year. Additionally, the policyholder is benefited with an in-built Accidental Death Benefit clause. 

ABSLI SecurePlus Plan Details:



Policy Tenure

13 years

Premium Paying Term 

12 years 

Premium Paying Mode

Regular in Annual or Monthly Premium 

Entry Age 

Minimum: 5 years at last birthday

Maximum: 50 years at last birthday

Maturity Age 

63 years

Grace Period 

30 days for all modes from the premium due date

Sum Assured 

Minimum: Rs. 5, 22, 000

The Sum Assured is determined by the policyholder's age plus the amount committed to pay every year.


A loan is granted against the policy provided it has acquired a surrender value. 

Benefits of ABSLI SecurePlus Plan

The key benefits offered by ABSLI SecurePlus Plan are as follows:

  • Income Benefit: The policyholder has 2 options for the benefit to choose from for perceived requirements. 
    • Income Benefit Option A: Receive increasing income for 6 years, which is 100% to 600% of the Annualized Premium, starting after the end of the policy term
    • Income Benefit Option B: Receive fixed 200% of the Annualized Premium after the end of policy term for 12 years
      The Guaranteed Income Benefit will be paid at the end of every year for the period defined in the above options. 
  • Death Benefit: If the policyholder expires during the policy term and the ABSLI SecurePlus Policy status is active, the nominee will be paid the Sum Assured. If the policyholder meets an accidental death during the policy term, the in-built Accidental Death Benefit will be paid additionally to the nominee with a cap of Rs.1 Crore.
  • Maturity Benefit: On survival on the maturity date, the policyholder can choose to receive the commuted value of Income Benefit in lump-sum. The discounting rate of commuted value currently is 9% per annum but is not guaranteed, and any change is subject to IRDAI approval. 
  • Reduced Paid-Up Benefit: If the payment of premium is discontinued after the first two annual installments, the policy will not lapse but continue at Reduced Paid-Up basis where the Sum Assured Benefits on Death, Accidental Death, and Income shall be reduced proportionately to the actual premium paid as compared to the total premium payable during the policy term. 
  • Tax Benefit: As per extant tax laws, the benefit is confined to Sections 80C, 80D, and 10(10D) of the Income Tax Act, 1961, subject to fulfilling conditions prescribed in respective sections. 

*Tax benefit is subject to changes in tax laws

The Premium for ABSLI SecurePlus Plan

As stated earlier, the ABSLI SecurePlus Plan provides for Annual and Monthly frequency premium payment mode only. Accordingly, a sample minimum premium amount for respective frequency is listed below: 

  • Annual Mode: Rs.50,000 per annum
  • Monthly Mode: Rs.36,000 per annum 

*Standard T&C Apply

Additional Riders for ABSLI SecurePlus Plan

The following Riders can be added to enhance protection coverage at a nominal additional cost:

  • ABSLI Critical Illness Rider
  • ABSLI Surgical Care Rider
  • ABSLI Hospital Care Rider
  • ABSLI Waiver of Premium Rider 

Eligibility for ABSLI SecurePlus Plan (H3)

Entry Age:

  • Minimum: 5 years
  • Maximum: 50 years

Maturity Age:

  • 63 years (age last birthday)

What are the Documents Required to Buy this Policy?

The requirement of documents to buy ABSLI SecurePlus Plan is limited to Official Valid Documents (OVD) for the following:

  • ID Proof
  • Age Proof
  • Address Proof
  • Income Proof
  • Bank Account details
  • Recent Photograph

How to Buy this Plan Online?

Online ABSLI SecurePlus Plan purchase is offered at the insurer portal. As a first step, the policyholder can check the premium using the ABSLI SecurePlus Plan calculator. In any case, online purchase involves a few steps listed below

  • Enter a few necessary details to get a quote
  • Enter the Income Benefit Options and sum assured calculated as per the committed premium payment, either Annually or Monthly
  • Select the add-on Riders.
  • Enter PAN and other personal details
  • Register and Pay
  • Some additional details and the policy is bought

Exclusions of ABSLI SecurePlus Plan

The policy document and ABSLI SecurePlus Plan Reviews detail the exclusions applicable in the policy. Some of the important ones to keep in mind are:

Death due to suicide: If it occurs within 12 months of inception of risk, total paid premium, or surrender value. 

Accidental Death Benefit will not be paid, if death is due to (The list is only indicative)

  • Due to illness or infection
  • Self-inflicted injury
  • Indulgence in criminal acts
  • Substance abuse
  • Nuclear, War, Terrorism, etc.
  • Extreme sports
  • Armed Forces


* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)
** Fixed deposit rate applicable for 5 year's 1 day to 10 years for investment amount less< 2 Crore ( Not for senior citizens).
*** PPF interest rate applicable for 15 years for investment amount upto 1.5 Lac
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
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