ABSLI Dream Plan

Aditya Birla Sun Life Dream Plan is a thoughtfully designed savings plan that enables the customer to achieve their dreams. It helps to Secure your and your loved ones future. Specifically designed to provide financial security for your future requirements. It combines a guaranteed return on your savings with upside potential based on the performance of the investment funds

• This is a Unit-Linked Non-Participating Insurance Plan.
• The plan provides a Guaranteed Maturity Benefit which is the bare minimum amount to be received on maturity.
• Additional protection can be availed by opting for the riders.
• Partial withdrawals are allowed after 3 complete policy years.

• A unique unit-linked plan which provides a Guaranteed Maturity Benefit(GMB) which is your fund value @3% guaranteed returns or the fund value whichever is higher, which will be paid to the customer on maturity.
• The customer can also opt for 200% or 300% of GMB which will be paid in settlement option spanning over 5 years.
• The plan has a basic sum assured which can be enhanced by opting for an Enhanced Sum Assured.
• The plan can be effectively used as a Protection plan with return of capital.

• Death Benefit:
  Basic Sum Assured + Enhanced Sum Assured + Greater of fund Value & the Guaranteed Fund Value
• Maturity: Maturity Benefit will be as per the GMB option chosen, which are mentioned below:

1. Guaranteed Maturity Benefit
   - The minimum Guaranteed Maturity Benefit is payable on the maturity date of your policy.
   - The higher of the Fund Value or Guaranteed Fund Value on the maturity date of your policy and end the contract if 100% 
2. Guaranteed Maturity Option is chosen.
   - Double or Triple the Guaranteed Maturity Benefit
   - 200% or 300% Guaranteed Maturity Option, your contract will continue under a settlement option for a period of 5 years starting on the maturity date of the policy.

• Policy Surrender:
  The policy can be surrender anytime by paying the applicable surrender charges.If the surrender is within the initial 3 years of the policy, the surrender amount will be deferred and paid after the completion of 3 policy years.Fund value will be that of the date of surrender.

• Grace Period & Revival:
  If you are unable to pay your premium by the due date, you will be given a grace period of 30 days (15 days for monthly mode) and during this grace period, all coverages under your policy will continue. You can reinstate your policy for its full coverage within two years from the due date of the first unpaid premium by paying all outstanding premiums together with interest.

• Guaranteed Maturity Benefit:

1. This plan combines a guaranteed return on your savings with upside potential based on the performance of the investment funds you decide to invest in.
2. You will receive no less than the Guaranteed Maturity Benefit when this plan matures.

• Accidental Death & Dismemberment Benefit:
  This rider pays an additional amount, if death occurs as a result of an accident by an outward, violent and visible means before age 75 years. Even this will be applicable in the case of disability.?

Charges

If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of issuance of the Policy, the Policy shall be void and the Company will only be liable to pay the premiums paid till date.

Tax Benefits

Tax Benefits under Section 80CCC and Section 10(10A) of the Income Tax Act, 1961.

Know Claim Process of ABSLI Dream Plan

Claim Process

Aditya Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya Birla Group, a well known Indian conglomerate and Sun Life Financial Inc, one of the leading international financial services organizations from Canada.