Aditya Birla Sunlife Insurance Fixed Maturity Plan

The Eligibility criteria for ABSLI Fixed Maturity Plan is

Minimum entry age: 8 years
Maximum entry age: Option A - 60 Years / Option B - 50 Years

Minimum maturity age: 18 years
Maximum maturity age : Option A - 70 Years / Option B - 60 Years

Because the ABSLI Fixed Maturity Plan is a Guaranteed Endowment Plan, it offers lump sum rewards upon policy maturity. The Single Pay Option of this plan gives you the freedom to select a policy term between 5 and 10 years. The ABSLI Fixed Maturity Plan is a fantastic choice since it offers both protection benefits over the course of the policy to assist protect all your dreams, creating a financial cushion of guarantee for your money.

There is only a single-pay option available for ABSLI Fixed Maturity Plan policyholders.

Policyholders have policy term options between 5 to 10 years.

ABSLI Fixed Maturity Plan offers multiple plan benefits such as

• Guaranteed Maturity Benefit
• Loan against policy benefit
• Death Benefit
• Tax Benefit
• Policy Surrender Benefit

Policyholders can avail of a minimum loan of Rs. 5,000 under ABSLI Fixed Maturity Plan and it can go up to 80% for Option A and 65% for Option B of the then applicable Surrender Value.

NRI customers can avail the benefits of the ABSLI Fixed Maturity Plan and purchase the plan.

Policyholders can avail of discounts only once while purchasing the policy.

There are two sum assured options available under ABSLI Fixed Maturity Plan

• Option A - 1.25 to 1.77 times the single premium
• Option B - 10 to 10.42 times the single premium

Under ABSLI Fixed Maturity Plan in case of death of the Life Insured due to suicide within 12 months from the date of commencement, the nominee of the policyholder shall be entitled to receive the total premiums paid till the date of death or surrender value available on the date of death, whichever is higher.