Aditya Birla Sun Life Insurance NRI Plans

Features of Aditya Birla Sun Life Insurance NRI Plan

• Guaranteed Income Benefits: Receive 5% of the sum assured every year after the completion of your premium payment term, along with declared bonuses.
• Whole Life Cover: Provides guaranteed protection up to 100 years of age, ensuring your family remains financially stable.
• Loyalty Additions and Bonuses: Earn reversionary bonuses and terminal bonuses to enhance long-term savings.
• Rider Benefits for Enhanced Coverage: Access additional protection with affordable riders:
  • ABSLI Accidental Death and Disability Rider
  • ABSLI Critical Illness Rider
  • ABSLI Surgical Care Rider
  • ABSLI Hospital Care Rider
  • ABSLI Waiver of Premium Rider
• Policy Loans: Need liquidity? Avail loans against your policy once it acquires surrender value.
• Flexible Benefit Payouts: Choose between lump-sum or regular annual income based on your needs.

Benefits of Aditya Birla Sun Life Insurance NRI Plan

1. Survival Benefit: If the policyholder survives the premium-paying term, they receive all accrued bonuses. From the next policy year onward, an annual income of 5% of the sum assured plus current year’s bonus is paid until maturity.

2. Maturity Benefit: If the policyholder survives till maturity, the sum assured along with the terminal bonus (if any) will be paid in full.

3. Death Benefit:

1. If death occurs during the premium paying period, the nominee receives the sum assured plus accrued bonuses and the terminal bonus (if applicable).
2. If death occurs after the premium term, the nominee receives the sum assured plus current year’s bonus and any applicable terminal bonus.
3. The minimum death benefit will always be at least 105% of the total premiums paid, excluding rider premium or underwriting extras.

4. Tax Benefits: Enjoy tax savings under the following sections of the Income Tax Act, 1961:

1. Section 80C: Deductions on premiums paid.
2. Section 80D: Deductions on health-related rider premiums.
3. Section 10(10D): Tax-free maturity or death benefit proceeds.

Why Choose the Aditya Birla Sun Life Insurance NRI Plan

1. Perfect for NRIs: Provides income stability and protection even if the insured resides outside India.
2. Dual Advantage: Combines life insurance and steady returns for lifetime financial confidence.
3. Flexible Customization: Choose your premium, coverage, and benefit payout frequency based on financial goals.
4. Guaranteed Returns: Enjoy fixed annual income benefits and accrued bonuses, ensuring predictable growth.
5. Added Protection: Enhance coverage with critical illness, disability, and hospital care riders for complete peace of mind.
6. Policy Revival Option: Lapsed policies can be revived during the revival period by paying overdue premiums with interest.

Example:

For instance, if an NRI invests in the plan with a sum assured of Rs. 10 lakh, the premium-paying term of 20 years, and maturity at age 100, annual survival benefits of Rs. 50,000 (5% of sum assured) will start after the 20th year till maturity—along with bonuses that boost returns year after year.

Conclusion:

The Aditya Birla Sun Life Vision LifeIncome Plan is a perfect blend of guaranteed income, lifelong coverage, and wealth creation, making it especially beneficial for NRIs seeking stable returns without compromising on family protection. It’s a simple, flexible plan that grows with you—ensuring peace of mind and financial continuity for generations.