The ABSLI Nishchit Laabh Plan

ABSLI Nishchit Laabh Plan under Aditya Birla Sun Life Insurance is created for people to grow their long-term savings as well as offer them financial security for their family. It is an insurance designed for people who prefer stable returns.

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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.

What Is ABSLI Nishchit Laabh Plan?

The ABSLI Nishchit Laabh Plan is non-linked and non-participating, with guaranteed payouts depending on the option chosen. The policyholders are able to select any type of benefit structure that includes obtaining a guaranteed amount once the maturity date is reached, earning regular income over a certain period or money-back benefits throughout the policy period.

Eligibility Criteria For The ABSLI Nishchit Laabh Plan

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

Criteria Minimum Maximum
Entry Age 30 days 45 years (Endowment & Moneyback Options)
Annualized Premium Rs. 15,000 Rs. 1,00,000
Plan Options Available Endowment Option, Moneyback Option
Premium Payment Term (PPT) 8, 10, or 12 years
Policy Term (PT) 20 years
Minimum Maturity Age 65 years
Maximum Sum Assured on Death Rs. 25,00,000
Premium Payment Modes Available Annual, Semi-Annual, Quarterly, Monthly
Modal Loadings
  • Annual: 0%
  • Semi-Annual: 2.0%
  • Quarterly: 3.0%
  • Monthly: 4.0%

The policy automatically vests when the person who is insured turns 18 if they are a minor.

Features ABSLI Nishchit Laabh Plan Offer

ABSLI Nishchit Laabh Plan comes with the following key features:

  • Life insurance for the whole length of the savings plan
  • You can choose from three plans: Endowment, Income With Lumpsum, or Moneyback
  • Guaranteed benefits that only apply if all premiums are paid on time 
  • Loyalty bonuses to increase maturity or survival benefits
  • You can choose to get your income payments once, twice, or four times a year, or once a month

Benefits Of The ABSLI Nishchit Laabh Plan

The ABSLI Nishchit Laabh Plan has a selection of structured benefits aimed at offering security and predictable returns in terms of finances. Key benefits include:

  1.  Death Benefit

    If the person who is insured dies while the policy is in effect, the nominee will get a lump sum death benefit. The death benefit is the highest of:

    • Sum Assured on Death
    • 105% of all premiums paid up to the date of death
    • Surrender Value (if it applies)

    This guaranteed return policy covers death in all cases except suicide, which is listed as an exception.

  2.  Survival Benefit

    Plan Option Survival Benefit
    Endowment Option No survival benefit
    Income With Lumpsum Option Regular income is paid after completion of the PPT
    Moneyback Option Money-back benefit plus loyalty addition every 5th policy year
  3. Maturity Benefit

    Plan Option Maturity Benefit
    Endowment Option Guaranteed Lumpsum Benefit + Loyalty Addition
    Income With Lumpsum Option Guaranteed Lumpsum Benefit + Loyalty Addition
    Moneyback Option No maturity benefit

    The Guaranteed Lumpsum Benefit is based on a proportion of the total premiums that must be paid, not including taxes and rider premiums. If all premiums are paid, loyalty additions will be paid at maturity.

Riders for the ABSLI Nishchit Laabh Plan

Being one of the best investment plans in India, it lets you add extra riders to increase coverage, but only if you follow the underwriting rules:

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

Rider premiums can't be more than 30% of the base premium, while health-related riders can be up to 100%.

Policy Details Of The ABSLI Nishchit Laabh Plan

Some of the policy-related provisions and conditions under ABSLI Nishchit Laabh Plan are listed below:

  • Grace Period: A grace period of 30 days is allowed for all premium payment modes except the monthly mode, where the grace period is 15 days. Risk cover continues during this period.
  • 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 payment of outstanding premiums and underwriting approval.
  • Free Look Period: The policy can be returned within 30 days from the date of receipt if the policyholder disagrees with the terms. Refunds are made after deducting applicable charges.
  • Surrender: The policy acquires surrender value after payment of at least one full policy year’s premium. The surrender value payable will be the higher of the Guaranteed Surrender Value or the Special Surrender Value, subject to conditions.
  • Loan: A policy loan is available after acquiring the surrender value. The maximum loan amount is 80% of the surrender value, which is subject to applicable interest rates.

Exclusions Under The ABSLI Nishchit Laabh Plan

Suicide Exclusion

In case the life insured commits suicide within 12 months after taking or becoming a reinstated policy, the policy is terminated. The payout will be in relation to the policy terms as required, according to whether the surrender value has been purchased or not.

FAQs

  •  What are the options available under the ABSLI Nishchit Laabh Plan?

    There are three alternatives under the plan: Endowment, Income With Lumpsum, and Moneyback.
  •  Is it possible to get a loan against this policy?

    Yes, you can get a loan after the policy has a surrender value, but there are limits and interest rates that apply.
  •  Does the ABSLI Nishchit Laabh Plan have anything to do with market performance?

    No, the Nishchit Laabh Plan under Aditya Birla Sun Life Investment Plan is a non-linked, non-participating saving plan, and this type of plan implies that the benefits available under it are not influenced by the market. 

˜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 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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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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