Login to Internet banking
A brand-new experience - smarter, faster, and secured
Introducing the First-in-industry IDFC FIRST Bank's Super Account
Request a Callback
You gain a dedicated partner committed to helping you reach your full potential and achieve new heights
Know More- Account with Auto-Sweep FD
- Account for all Domestic businesses
- Account for Importers & Exporters
- Account for Start-ups
- Accounts for Trusts/Associations/Societies/Clubs
- Account for Merchants
- Account for Agri Traders
- Account for Self-employed professionals
- Special Purpose Accounts e.g. SNRR, RERA, EEFC
BRAVO (Auto Sweep)
Convert the idle funds in your current account into a fixed deposit with the BRAVO feature.
Know More
Streamline your export process with digital convenience with IDFC FIRST Bank's Export Solutions
Know More
Make more than one online payment in just a few clicks with IDFC FIRST Bank Bulk Payments
Know More
A Card that Powers your Savings & Lifestyle
IDFC FIRST Bank HPCL Credit Card
Most Searched
Enjoy Zero Charges on All Commonly Used Savings Account Services
Open Account Now
Download our app
Get instant help for all your queries in one place
Explore Personal
- Accounts
Tools & Calculators
Privilege Program
- Privilege Program
Unlock features, exclusively available
only on the IDFC FIRST Bank app
-
Guaranteed Returns1
-
Long term regular income
-
Guaranteed Returns1
-
Long term regular income
ABSLI Assured Income Plus
Aditya Birla Sun Life Insurance Assured Income Plus gives you life cover and assured income for the long term. Make savings easy and convenient.
FEATURES
Fully Guaranteed1 Returns on your investment.
Long-term regular income for 20, 25 or 30 years to ensure fulfilment of recurring needs.
2 Options to choose benefits under the policy, Income Only Benefit or Income with Lumpsum Benefit.
Loyalty Additions as an additional boost to the Income Benefit pay out.
Flexibility to receive a discounted value of future survival benefits as a lumpsum based on your needs.
Option to enhance your cover with appropriate riders.
PLAN OPTIONS/VARIANTS
- Income Only Benefit:
Under this option, Income Benefit, expressed as a percentage of Annualized Premium, is paid which varies with Your age at entry, premium amount, premium payment term and benefit payout period.
- Income with Lumpsum Benefit:
Under this option, Income Benefit, expressed as a percentage of Annualized Premium, is paid to you, which varies with Your age at entry, premium amount, premium payment term and benefit payout period.
Additionally, under this option, at the end of the Benefit payout period, a Guaranteed1 Lumpsum Benefit will also be payable.
Policy Option:
Policy Documents
ELIGIBILITY
Eligibility
- Click on Know More for Eligibility
Documentation
Disclaimer
IDFC FIRST Bank Ltd. is a corporate agent of Aditya Birla Sun Life Insurance Company under IRDAI Registration No:CA0106 and does not underwrite the risk or act as an insurer. Registered Address: IDFC FIRST Bank KRM Tower, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai - 600031, Tamil Nadu, India Participation by the Bank’s clients in the insurance products is purely on a voluntary basis.Read More
#Life insurance coverage is available on this product.
1Provided all due premiums are paid.
2Our life insurance policies cover COVID -19 claims under life insurance claims, subject to applicable terms & conditions of policy contract and extant regulatory framework.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a Non-Linked Non-Participating Individual Savings Life Insurance Plan. GST and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. For policies issued on minor life, the date of commencement of risk shall be the date of commencement of the policy. Where a policy is issued on a minor life, the policy will vest after attainment of majority of the Life Insured. Where the Life Insured (whether major or minor) and Proposer/Policyholder is different, on the death of the Proposer/Policyholder, his legal heirs, in accordance with the existing succession laws, will be considered as new Proposer/Policyholder. As there is no death benefit payable on the death of the Proposer/Policyholder, the policy status does not change, and the policy continues. This product shall also be available for sales through online channel. Tax benefits are subject to changes in tax laws. For more details and clarification call your ABSLI Insurance Advisor or visit our website and see how we can help in making your dreams come true.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale.
Trade Logo "Aditya Birla Capital" displayed above is owned by ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) and used by ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the license.
Aditya Birla Sun Life Insurance Company Limited, Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company.
Registered Office:
One World Center Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Toll free no. 1800-270-7000. https://lifeinsurance.adityabirlacapital.com/ care.lifeinsurance@adityabirlacapital.com CIN: U99999MH2000PLC128110 Registration No. 109. UIN: 109N127V12 ADV/12/23-24/3079
Beware of Spurious / Fraud phone calls!
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.Read Less
FREQUENTLY ASKED QUESTIONS
Can policyholders avail tax benefits under ABSLI Assured Income Plus?
As per extant tax laws, this plan offers tax benefits under Section 80C, 80D (for specific rider premium) and Section 10(10D) of the Income Tax Act, 1961, subject to fulfilment of the other conditions of the respective sections prescribed therein. Please note that all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by policyholder. It is advisable to seek independent tax advice.
After how many days of claim should the dependents intimate the claim to insurance companies?
All the claims under the ABSLI Assured Income Plus must be intimated as soon as possible. Followed with the claim intimation, the necessary documents should be submitted enabling the insurance company to process the claim. The claim intimation should contain details like date, place and cause of death.
Who can intimate the claims under ABSLI Assured Income Plus?
The surviving nominee/appointee/policy owner or legal heir can intimate the claim under ABSLI Assured Income Plus.
How can we file a claim with ABSLI under ABSLI Assured Income Plus?
You can intimate the claim under ABSLI Assured Income Plus by:
- Visiting any nearest branch
- Visiting our website and intimate the claim by clicking the link here.
- Sending an intimation email (claims.lifeinsurance@adityabirlacapital.com) or letter with all the relevant documents to the company.
Does this policy cover death due to Covid 19?
Yes, provided there is no nondisclosure on the COVID Questionnaire. Please ensure that the COVID questionnaire is filled.
What are the significant features of ABSLI Assured Income Plus?
Key features of ABSLI Assured Income Plus are:
- Guaranteed Lumpsum Benefit – Guaranteed1 Lumpsum Benefit, if applicable, shall be payable at the end of the benefit payout period, to boost your savings
- Long-Term Income: Get guaranteed1 regular income for a period of 20, 25 or 30 years to ensure fulfilment of your recurring needs in the long term.
- Twin Benefit Options: Flexibility to choose between two benefit options i.e. a) Income only Benefit or b) Income with Lumpsum Benefit– in line with Your financial needs.
- Loyalty Additions: Loyalty Additions as an additional boost to the Income Benefit pay-out.
- Customizable Benefits: Option to enhance Your insurance cover with appropriate riders at a nominal extra cost.
What is the age criteria of ABSLI Assured Income Plus?
Anyone meeting the following criteria is eligible for ABSLI Assured Income Plus:
| Age of the Life Insured at Entry (age as on last birthday) | Minimum | 1* year (subject to minimum maturity age of 18 years) * In case the Life Insured is a minor, the Policy will automatically vest once the life insured attains the age of majority. The risk coverage for the minors will start from the Date of Commencement of Risk. |
| Maximum | 60 years |
What is the maximum maturity age applicable for ABSLI Assured Income Plus?
ABSLI Assured Income Plus has a maximum maturity age of 77 years.
Are there any plan options/benefit options available in ABSLI Assured Income Plus?
Yes, there are 2 Survival Benefit Options available under this plan: Income only Benefit & Income with Lumpsum Benefit.
What is the minimum sum assured under ABSLI Assured Income Plus?
The minimum sum assured under this plan is ₹5,50,000/-
Can the benefit payout frequency be changed during the Policy Term under ABSLI Assured Income Plus?
No, the chosen Benefit Payout Frequency cannot be changed during the policy term.
Will the policyholder be eligible for Loyalty Additions if he/she has not paid the premiums in full under ABSLI Assured Income Plus?
No, Loyalty Addition is applicable only for policies that have paid all the due premiums under the policy.
What happens in case of death of the Life Insured by suicide under ABSLI Assured Income Plus?
In case the Life Insured, minor or major, dies due to suicide within 12 months from the Risk Commencement Date or date of revival of the policy, the policy shall immediately terminate, and Company shall pay the following to the Nominee:
- Where the Policy has acquired the Surrender Value, higher of Surrender Value or (Total Premiums paid plus underwriting extra premiums paid plus loadings for modal premiums paid excluding applicable taxes) till date of death.
- Where the Policy hasn’t acquired the surrender value, Total Premiums paid plus underwriting extra premiums plus loadings for modal premiums paid excluding applicable taxes) till date of death.
