ABSLI Nishchit Aayush Plan

The Nishchit Aayush Plan under Aditya Birla Sun Life Insurance is a savings plan created to offer periodic income and life cover. The scheme offers flexibility to choose an income structure that aligns with personal financial objectives and retirement needs.

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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.

Eligibility Criteria for ABSLI Nishchit Aayush Plan

The following is the eligibility criteria for the ABSLI Nishchit Aayush Plan:

Criteria Minimum Maximum
Entry Age
  • Long Term Income: Minimum 30 days (minor allowed; risk starts as per policy terms)
  • Whole Life Income: Minimum 30 years
65 years
Maturity Age 18 years
  • Long Term Income: 85 years (age last birthday)
  • Whole Life Income: 100 years (age last birthday)
Premium Payment Term (PPT) 6, 8, 10, or 12 years
Policy Term (PT)
  • Long Term Income: 15 to 40 years
  • Whole Life Income: 100 minus age at entry
Minimum Annualized Premium As per the premium band and benefit option
Official minimums vary by:
  • Entry age
  • Income variant
  • Sum Assured multiple
Maximum Annualized Premium No limit, subject to board-approved underwriting
Premium Payment Modes Annual, Semi-Annual, Quarterly, Monthly

Individuals may apply for guaranteed return plans based on the chosen variants, as specified in the policy terms.

Features Of The ABSLI Nishchit Aayush Plan

ABSLI Nishchit Aayush Plan comes with the following features:

  • Choice between Long Term Income and Whole Life Income
  • Multiple income variants, including level and increasing income
  • Guaranteed income payable after the selected deferment period
  • Guaranteed Lump sum benefit at maturity (except Income Only variant)
  • Flexibility to choose the deferment period, income payout frequency, and premium term
  • Life insurance cover throughout the policy term
  • Option to choose Sum Assured multiples of 5, 7, or 10 times Annualized Premium

Benefits Of The ABSLI Nishchit Aayush Plan

The following are the benefits to look for in ABSLI Nishchit Aayush Plan:

  1.  Death Benefit

    If the life insured passes away during the policy term while the policy is in force, a Lump sum death benefit is payable to your nominee. The death benefit is the higher of:

    • Sum Assured on Death
    • Surrender Value

    Where Sum Assured on Death = Higher of:

    • Sum Assured
    • 105% of Total Premiums Paid

    You can also choose a staggered death benefit option, where the nominee receives the payout in monthly or annual instalments as per policy terms. This option is not available under POS policies.

  2.  Survival Benefit (Guaranteed Income)

    If you survive and all due premiums are paid, you receive a guaranteed income as a survival benefit. Income payouts can start the next day (annually in advance), end of 1st month (monthly frequency with 0 deferment), or after a deferment period (0–5 years; 0–17 years for ROP variant), depending on your choice.

    As a part of the Aditya Birla Sun Life Investment Plan, the Nischit Ayush Plan includes:

    • Level Income with a Lump Sum Benefit
    • Level Income with Enhanced Lump sum Benefit
    • Increasing Income at 5% simple rate every five years with a Lump sum Benefit
    • Level Income with Return of Premium
    • Income Only Benefit

    Income can be received annually in advance or arrears, or on a semi-annual, quarterly, or monthly basis, with predefined payout percentages.

  3.  Maturity Benefit

    A Guaranteed Lump Sum Benefit (GLB) is paid out at the conclusion of the policy term if the person survives. The Income Only version is the only one that doesn't pay. 

    The Guaranteed Lump Sum Benefit is calculated using a Lump Sum Factor based on policy configuration. The lump amount component relies on the policy term, the benefit choice, the income variant, and the premium payment period under the investment plan you go for.

Riders for the ABSLI Nishchit Aayush Plan

You can add optional riders to improve protection, but they must be approved by underwriting:

  • Plus the ABSLI Accidental Death Benefit Rider
  • Rider for ABSLI Critical Illness
  • ABSLI Surgical Care Rider
  • ABSLI Hospital Care Rider 
  • ABSLI Waiver Of Premium Rider

The total rider premium shall not exceed 30% of the base premium. For health-related riders, the total rider premium may go up to 100% of the base premium, subject to policy terms.

Policy Details Of The ABSLI Nishchit Aayush Plan

Look for the following policy details when choosing the ABSLI Nishchit Aayush Plan:

  1. Grace Period

    You get a grace period of 30 days for all modes except the monthly mode, where it is 15 days. Risk cover continues during this period.

  2. Revival

    A lapsed or reduced paid-up policy can be revived within 5 years from the due date of the first unpaid premium, subject to policy terms.

  3. Free Look Period

    You may return the policy within 30 days of receipt if you disagree with the terms and conditions.

  4. Loan

    A loan is available once the policy acquires surrender value. The maximum loan is 80% of the surrender value, subject to interest rates declared by the insurer.

Exclusions Under The ABSLI Nishchit Aayush Plan

Suicide Exclusion

In case the life insured commits suicide in less than 12 months of the date of commencement of the risk or the date of the policy revival, the policy will automatically end. Where such is the case, the company will make payment of the greater of:

  • Surrender Value, or
  • Total Premiums paid and underwriting extra premiums paid and loadings paid on modal premiums (without taking into consideration applicable taxes)

in case the policy has attained a surrender value, or

  • Total Premiums paid and underwriting extra premiums paid and loadings paid on modal premiums (without taking into consideration applicable taxes),

If the policy has failed to gain a surrender value.

FAQs

  •  What Income Options Can You Choose Under The ABSLI Nishchit Aayush Plan?

    You can choose Long Term Income or Whole Life Income, along with multiple income variants.
  •  When Does Guaranteed Income Start?

    Income may commence either with a 0-year deferment or with a policy-selected deferment. The deferment period may take an interval of 0 to 5 years, depending on most income variants. 
  •  Is The ABSLI Nishchit Aayush Plan Market-Linked?

    No, this is a non-linked and non-participating savings policy.
  •  Can You Take A Loan Against This Policy?

    Yes, loans are available once the policy acquires surrender value.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI 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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