ABSLI Guaranteed Annuity Plus V13 Brochure Web Version 4c076905b3

PROTECTING your lifestyle in your
retirement years the way you want it.

Aditya Birla Sun Life Insurance Guaranteed Annuity Plus
A Non-Linked, Non-Participating, General Annuity Plan
ABSLI GUARANTEED ANNUITY PLUS – AN OVERVIEW
Retirement means different things to different people, while some want to take a trip around the
world, some want to pursue their hobbies or pursue a dream harnessed for years. Your
retirement years are your golden years and a well planned retirement can allow You to pursue
what You love the most without worrying about rising prices, increasing health care costs, higher
life expectancy etc. There should not be any hindrance for enjoying Your current lifestyle, even
after You retire.
Financial independence comes from regular steady source of income which will enable You to
enjoy Your dream retirement life.
Introducing ABSLI Guaranteed Annuity Plus, a non-linked, non-participating, general annuity
plan, that provides you various annuity options providing guaranteed income for life and helps
You and Your family lead a worry-free retirement life.
KEY BENEFITS OF ABSLI GUARANTEED ANNUITY PLUS
Guaranteed lifelong income: Annuity once purchased is guaranteed for

life.
Option to receive annuity payments as long as You or Your partner are

alive: You have the option to choose a single life or a joint life annuity.
Retirement planning made easier: You can opt to invest today to build
a guaranteed lifetime income stream for tomorrow. With the deferred
annuity option, You have the choice to plan early for Your retirement and
lock annuity rates at present for a guaranteed life-long payment.
Wide range of annuity options: Choose from various annuity options to

suit your financial needs.
Wide range of accumulation periods: Choose the accumulation period

ranging from 5 years to 15 years, depending upon your needs and
requirements under Limited Pay Option.
Option to increase your annuity: You can increase your annuity through
Top-up option.
Choice of annuity pay-out frequency: You may choose to receive annuity

pay-outs monthly, quarterly, half-yearly or yearly as per your need and
requirement.
ABSLI GUARANTEED ANNUITY PLUS - PLAN AT A GLANCE
Product Specifications
Type of Plan A non-linked, non-participating, general annuity plan
Coverage All Individuals (Male | Female | Transgender)
Parameters Minimum* Maximum*
Immediate For option 6 and 7: 65 years

40 years
Annuity For all other options: 90 years
Deferred Annuity 40 years 75 years
*In case of Joint life annuities the age limits apply to both lives.
Please Note: A minimum entry age of 0 years, for all Annuity Options
except Annuity Option 6, and maximum entry age of 100 years, only for
Annuity Option 5, will be allowed provided the proceeds are arising out of:
1. NPS corpus
2. ABSLI Pension product
Age of the Annuitant(s) 3. Pension product from any other Insurer
at Entry (age as on last 4. Superannuation schemes or other schemes, where compulsory
birthday)*
purchase of an annuity is required
Qualifying Recognized Overseas Pension Scheme (QROPS), as

per prevailing Her Majesty’s Revenue & Customs (HMRC)
regulations)
As per the prevailing Her Majesty’s Revenue & Customs
(HMRC) regulations, existing QROPS policyholders may buy
non-QROPS policy, but the minimum vesting age of the Life
Insured cannot be less than 55 (Fifty-Five) years. Further, an
existing non-QROPS policyholder shall not be allowed to
purchase a QROPS Policy unless s/he modifies Vesting age to
55 (Fifty-Five) years.
Maturity Age (age

Not Applicable
as on last birthday)
Minimum Group Size

5 members
(For Group Policies)
Maximum Group Size

No Limit
(For Group Policies)
Deferment Period means the period from Date of Commencement

of Risk till the policy anniversary preceding the date on which
the first Annuity payment is made to the Annuitant as per
Deferred Annuity option.
Deferment Period is applicable only for Deferred Annuity variants
and not for Immediate Annuity variants. Deferment Period cannot
be changed during the term of the policy.
Years Minimum Maximum
Deferment period 15 years subject to
Vesting age & 1 year
(Single Pay) Maximum Vesting age
Deferment Period
Deferment Period Chosen 15 years subject to
(Limited Pay) PPT Maximum Vesting age
Vesting age 41 years 90 years
Example: If the Annuity is purchased on 24th March 2021, then, in

case of Deferment period of 10 years and monthly frequency of
payment, the first payout will be made on 24th April 2031. In
case of annual frequency of payout, the first payout will be
made on 24th March 2032.
The minimum vesting age in case of policies sourced under
QROPS is 55 years, as per prevailing (Her Majesty’s Revenue &
Customs (HMRC) regulations)
Premium Payment
Term (PPT) Single Pay/ Limited Pay (5 – 10 Years)
Policy Term (PT) Whole Life
The annuity payout frequencies available are : Yearly, Half-

Yearly, Quarterly, Monthly.
Annuity Pay-out The annuity will be payable in arrears as per the chosen annuity
Frequency payment frequency from the date of purchase of the plan.
Annuity instalments shall be as specified below.
Frequency of Annuity Annuity Amount payable

Yearly Annual Annuity
Half yearly 98%*Annual Annuity/2
Quarterly 97%*Annual Annuity/4
Monthly 96%*Annual Annuity/12
Note - For Government sector subscribers under National Pension System
(NPS), monthly frequency is mandatory. The same is subject to change and
will be as per the extant PFRDA regulations
Minimum Annuity ` 1,000 per month, ` 3,000 per quarter, ` 6,000 per half year and
Amount ` 12,000 per year.
Maximum Annuity
No Limit (subject to Board Approved Underwriting Policy)
Amount
Minimum ` 1,50,000 for Single Pay

Premium/Purchase Price Depends on the minimum Annuity amount for Limited Pay
Maximum
No Limit
Premium/Purchase Price
Premium Payment Mode Annual Semi-annual Quarterly Monthly

Frequency and
Frequency Loadings Modal
Loading 0.0% 3.5% 5.0% 6.0%
Note:
• In case of Joint Life, the Primary Annuitant will be the primary person entitled to receive the Annuity Payouts.
• Any person having ‘insurable interest’ in the life of Primary Annuitant can be the Secondary annuitant.
• Annuitants are said to have an ‘insurable interest’ in the other when they stand to gain or benefit from the
continued existence and well-being of the other, and would suffer a financial loss if there is an eventuality/casualty
to the other.
YOUR CHOICES AT INCEPTION
Step 1: Choose the Purchase Price/Premium that you wish to invest or choose the annuity
amount you wish to receive.
Step 2: Choose the Premium Payment Frequency - Yearly, Half yearly, Quarterly or Monthly, if
applicable.
Step 3: Choose Annuity Option as per your need.
Step 4: Choose annuity pay-out frequency –Yearly, Half yearly, Quarterly or Monthly.
Step 5: Provide your details and the secondary annuitant details (if applicable depending on the
option chosen)
Annuity Options available are as mentioned below. Option once chosen at inception cannot be
changed thereafter.
Options Available Single Life Joint Life
1) Life Annuity
Yes Yes
(Level/Increasing at 3%/Increasing at 5%)
2) Annuity Certain for a specified period and thereafter for Life

Yes No
(certain period of 5 years,10 years,15 years or 20 years)
3) Life Annuity with Return of Balance of Purchase Price

Yes No
(Level/Increasing at 3% /Increasing at 5%)
4) Life Annuity with 50% Annuity payable to Secondary

Annuitant on death of Primary Annuitant. No Yes
5) Life Annuity with Return of Purchase Price

Yes Yes
(100% ROP /75% ROP /50% ROP)
6) Life Annuity with enhanced Annuity on Critical Illness/ Accidental

Yes No
Permanent Disability and with Return of Purchase Price
7) Life Annuity with ROP on attainment of Age 80 years Yes No
8) Life Annuity with Partial Return of Purchase Price to

No Yes
survivor and balance to nominee.
9) Deferred Life Annuity with Return of Premium Yes Yes
10) NPS – Family Income Yes Yes
The plan offers benefits as mentioned below. For all options the Annuity is payable as per the
chosen Annuity payment frequency.
OPTION 1. LIFE ANNUITY (level /increasing at 3% /increasing at 5%)
Under this option, Annuitant can choose to get level or increasing annuity, depending upon the
need. The annuity escalation rate, if opted, cannot be changed during the term of the Policy.
Benefit Single Life
Annuity is payable as long as the Annuitant is alive. The Annuitant has

the option to choose level or increasing Annuity.
• Level annuity: - Annuity amount will remain constant throughout
the policy term
• Increasing annuity: - Annuity shall increase at a simple rate of 3% p.a.
or 5% p.a. at each policy anniversary as per chosen annuity escalation
rate
Survival Joint Life

Benefit
Annuity is payable as long as either of the Primary or Secondary
Annuitant is alive. The Annuitant has the option to choose level or
increasing Annuity.
the policy term
• Increasing annuity: - Annuity shall increase at a simple rate of 3% p.a.
rate
Death
No Death Benefit is payable
Benefit
Surrender Not Applicable
OPTION 2. ANNUITY CERTAIN FOR A SPECIFIED PERIOD AND THEREAFTER FOR LIFE
(Annuity certain period – 5 years, 10 years, 15 years or 20 years)
For this option, the Annuitant has to choose the annuity certain period. This may be either 5
years, 10 years, 15 years or 20 years. annuity certain period cannot be changed during the term
of the policy.
The Annuity is guaranteed during the Annuity Certain Period chosen by

Survival
the Annuitant, and thereafter the Annuity shall continue for as long as
Benefit
the Annuitant is alive.
On death of the Annuitant during the annuity certain period, the Annuity
shall continue to be paid to the nominee/legal heir till the end of the
Death
annuity certain period.
Benefit
On death of the Annuitant after the annuity certain period, the policy
terminates and no Death Benefit is payable.

OPTION 3. LIFE ANNUITY WITH RETURN OF BALANCE OF PURCHASE PRICE IF ANY
(Level /increasing at 3% /increasing at 5%)
Under this option, Annuitant can choose to get level or increasing annuity, depending upon the
need. The annuity escalation rate, if opted, cannot be changed during the term of the policy.
Annuity is payable as long as the Annuitant is alive. The Annuitant has

the option to choose level or increasing Annuity.
Survival
the policy term.
Benefit
• Increasing annuity:- Annuity shall increase at a simple rate of 3%p.a.
rate.
On death of the Annuitant, the nominee/legal heir shall be paid a

Death lump-sum amount equal to the Purchase Price less the sum of Annuity
Benefit already paid. If the balance is negative, then no benefit will be payable on
death.
OPTION 4. LIFE ANNUITY WITH 50% ANNUITY PAYABLE TO SECONDARY ANNUITANT ON

DEATH OF PRIMARY ANNUITANT
Benefit Joint Life
Annuity is payable for as long as the Primary Annuitant is alive.

Survival
Benefit • If Primary Annuitant predeceases the Secondary Annuitant, 50% of
Annuity shall be payable for as long as the Secondary Annuitant is
alive.
• If the Secondary Annuitant predeceases the Primary Annuitant,
100% of Annuity shall continue to be payable for as long as the
Primary Annuitant is alive.
Death
No Death Benefit is payable
Benefit
OPTION 5. LIFE ANNUITY WITH RETURN OF PURCHASE PRICE

(100% ROP /75% ROP /50% ROP)
Under this option, Annuitant can choose a percentage of Purchase Price. This may be either
100% or 75% or 50% of Purchase Price. ROP percentage cannot be changed during the term of
the policy.
Benefit Single Life Joint Life
Survival Annuity is payable as long as the Annuity is payable as long as either

Benefit Annuitant is alive. Primary or Secondary Annuitant is alive.
On death of the Annuitant, On death of the last surviving

lump-sum amount equal to 100% annuitant, a lump-sum amount
or 75% or 50% of Purchase Price equal to 100% or 75% or 50%
as chosen at inception, will be paid Purchase Price as chosen at
to the nominee/legal heir. inception, will be paid to the
nominee/legal heir.
Death
Benefit Death Benefit shall be subject to a Death Benefit of the last survivor
minimum of Surrender Value shall be subject to a minimum of
applicable at the time of death. Surrender Value applicable at the
time of death of the last survivor.
The Policy can be surrendered by the Policyholder/Master

Policyholder/Member and last survivor (in case of death of Primary
Annuitant) any time after the date of commencement of the Policy. The
Surrender Value payable will be the Special Surrender Value (SSV). SSV
shall be subject to a maximum of Death Benefit applicable at the time of
Surrender surrender.
SSV will be determined by the company from time to time basis
changing economic scenario. The Company may revise the SSV factors
based on the then prevailing market conditions. Any change in the
methodology/formula for calculating the SSV shall be subject to IRDAI
approval.
OPTION 6. LIFE ANNUITY WITH ENHANCED ANNUITY ON CRITICAL ILLNESS/ ACCIDENTAL

PERMANENT DISABILITY AND WITH RETURN OF PURCHASE PRICE
Survival
Annuity is payable for as long as the Annuitant is alive
Benefit
On Critical On first occurrence of any one of the 42 specified Critical Illnesses or

Illness/ specified Accidental Permanent Disability, as mentioned in document
Accidental below, before the attained age of 70 years (age last birthday) of the
Permanent Annuitant, Annuity shall be enhanced by 50% and shall be payable for as
Disability long as the Annuitant is alive.
On death of the Annuitant, a lump-sum amount equal to the Purchase

Death Price will be paid to the nominee/legal heir.
Benefit Death Benefit shall be subject to a minimum of Surrender Value
applicable at the time of death.
The policy can be surrendered by the Policyholder/Master

Policyholder/Member any time after the date of commencement of the
Policy. The Surrender Value payable will be the Special Surrender Value
(SSV). SSV shall be subject to a maximum of Death Benefit applicable at
the time of surrender.
Surrender
approval.
OPTION 7. LIFE ANNUITY WITH RETURN OF PURCHASE PRICE ON ATTAINMENT OF AGE 80
YEARS
Annuity shall be payable as long as the Annuitant is alive.
Survival On survival of the Annuitant on the policy anniversary falling after the
Benefit attained age of 80 years, a lump-sum amount equal to the Purchase
Price shall be payable to the Annuitant. The Annuity will continue even
after the return of Purchase Price till survival of the Annuitant.
On death of the Annuitant before the attained age of 80 years, the

nominee/legal heir shall be paid a lump-sum amount equal to the
Purchase Price.
Death In the event of death of the annuitant post age 80 years, there will not
Benef it
be any death benefit payable.
Death Benefit shall be subject to a minimum of Surrender Value
applicable at the time of death.
The policy can be surrendered by the Policyholder/Master

Policyholder/Member any time after the date of commencement of
Policy before attainment of age 80 years of the Annuitant. The
Surrender Value payable will be the Special Surrender Value (SSV). SSV
shall be subject to a maximum of Death Benefit applicable at the time of
surrender. SSV will be determined by the company from time to time
Surrender basis changing economic scenario The Company may revise the SSV
factors based on the then prevailing market conditions. Any change in
the methodology/formula for calculating the SSV shall be subject to
IRDAI approval.
Please note: The Surrender option is not available after the Annuitant’s
attained age of 80 years.
OPTION 8. LIFE ANNUITY WITH PARTIAL RETURN OF PURCHASE PRICE TO SURVIVOR AND
BALANCE TO NOMINEE.
Survival Annuity is payable as long as either of the Primary or the Secondary

Benefit Annuitant is alive.
On death of any one of the annuitant, 50% of the Purchase Price will be
paid in a lump-sum to the surviving annuitant. After the death of the
Death last surviving annuitant, remaining 50% of the Purchase Price will be
Benef it paid to nominee/legal heir in a lump sum.
Death Benefit of the last survivor shall be subject to a minimum of
Surrender Value applicable at the time of death of the last survivor.
The policy can be surrendered by the Policyholder /Master

Policyholder/Member and last survivor (in case of death of Primary
Annuitant) any time after the date of commencement of the Policy. The
Surrender Value payable will be the Special Surrender Value (SSV).SSV
shall be subject to a maximum of combined Death Benefit applicable for
Surrender the two lives at the time of surrender.
approval.
OPTION 9. DEFERRED LIFE ANNUITY WITH RETURN OF PREMIUM
Under this option, Annuitant has the Flexibility to delay Annuity pay-outs as per his/her financial
needs. At inception Annuitant need to choose the Deferment Period from 1 to 15 years for Single
Pay Policies and Deferment Period from Chosen PPT to 15 Years for Limited Pay Policies.
• For this Option Guaranteed Additions accrue to the policy at the end of every policy month
during the Deferment Period.
• Guaranteed Addition is 1/12 times the annual Annuity.
• No Guaranteed Additions are added to the policy after the Deferment Period.
• The Accrued Guaranteed Additions will be paid only on death of the Annuitant (last survivor in
case of Joint Life).
Benefit Single Life Joint Life
Annuity is payable after the end of Annuity is payable after the end of
Survival the Deferment Period, as long as the Deferment Period, as long as
Benefit the Annuitant is alive. either of the Primary or the
Secondary Annuitant is alive.
For Single Pay: For Single Pay:

On death of the Annuitant, either On death of the last surviving
during or after the end of annuitant, either during or after the
Deferment period, the below end of Deferment period, the below
mentioned death benefit shall be mentioned death benefit shall be
payable in a lump-sum to the payable in a lump-sum to the
nominee/legal heir nominee/legal heir
Higher of - Higher of-
a) 110% of Purchase Price or a) 110% of Purchase Price or
b) [Purchase Price + Accrued b) [Purchase Price + Accrued
Guaranteed Additions – sum of Guaranteed Additions – sum of
Annuity amount already paid] Annuity amount already paid]
Death Benefit shall be subject to a Death Benefit of the last survivor
minimum of Surrender Value shall be subject to a minimum of
applicable at the time of death. Surrender Value applicable at the
time of death of the last survivor.
For Limited Pay:
Under this option, in the event of For Limited Pay:
death of the Annuitant during the Under this option, in the event of
Deferment period, the higher of death of the last surviving
Death the below shall be payable to the Annuitant, during the Deferment
Benefit Nominee/legal heir in a lump-sum: period, the higher of the below shall
1. 105% of Total Premiums Paid or be payable to the Nominee/legal
2. [Total Premiums Paid Plus heir in a lump-sum:
Accrued Guaranteed Additions 1. 105% of Total Premiums Paid
Less sum of Annuity amount 2. [Total Premium Paid Plus Accrued
already paid] Guaranteed Additions Less sum of
Death Benefit shall be subject to a Annuity amount already paid]
minimum of Surrender Value Under this option, in the event of
applicable at the time of death. death of the last surviving
Annuitant, after the end of
Under this option, in the event of Deferment period, the higher of the
death of the Annuitant after the below shall be payable to the
end of Deferment period, the Nominee/legal heir in a lump-sum:
higher of the below shall be 1. 100% of Total Premiums Paid
payable to the Nominee/legal heir 2. [Total Premium Paid Plus Accrued
in a lump-sum: Guaranteed Additions Less sum of
1. 100% of Total Premiums Paid or Annuity amount already paid]
2. [Total Premiums Paid Plus Death Benefit of the last survivor
Accrued Guaranteed Additions shall be subject to a minimum of
Less sum of Annuity amount Surrender Value applicable at the
already paid] time of death of the last survivor.
This Policy shall acquire a Surrender Value provided One Full Year
Premium for the first Policy Year has been received by Us under
Limited Pay Option. For Single Pay policies, Surrender Value is available
at any time after policy issuance. The Policy will terminate after
payment of the Surrender Value and thereafter no other benefits
under this Policy shall be payable.
For Single Pay policies, the Surrender Value payable will be equal to the
higher of Guaranteed Surrender Value (GSV) and Special Surrender
Value (SSV).
For Limited Pay policies, where One Full Year Premium for the first
Policy Year has been received by Us and the Policyholder opts to
surrender the Policy at any time during Policy Term, the Surrender
Value payable will be equal to the Special Surrender Value. Where the
Policyholder opts to surrender the policy in the first policy year, the
Surrender Value will be payable only at the end of the first Policy Year.
However, where all the due Instalment Premiums for the first two
Policy Years have been received by Us, the Surrender Value payable will
be equal to the higher of Guaranteed Surrender Value and Special
Surrender Value.
Guaranteed Surrender Value = [GSV Factor x Total Premiums Paid*] less
Total Annuity amount, if any, already paid.
Where,
• *Annuity corresponds to annual Annuity Payment Frequency
• The Annuity and the Purchase Price/ Total Premiums Paid are
inclusive of any Top-up Annuity and Top-up Purchase Price
respectively
• RPU Annuity is as defined in Non-forfeiture Benefit Section
below
Where GSV Factor will be
For Single Pay:
Policy Year Single Pay

1 75%
2 75%
3 75%
4 90%
5 & above 90%
For Limited Pay:

Surrender
Deferment
Period → 5 6 7 8 9 10 11 12 13 14 15
Policy Year
↓
1 NA NA NA NA NA NA NA NA NA NA NA
2 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
3 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
4 90% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
5 90% 90% 50% 50% 50% 50% 50% 50% 50% 50% 50%
6 0% 90% 90% 50% 50% 50% 50% 50% 50% 50% 50%
7 0% 0% 90% 90% 50% 50% 50% 50% 50% 50% 50%
8 0% 0% 0% 90% 90% 63% 60% 58% 57% 56% 55%
9 0% 0% 0% 0% 90% 90% 70% 66% 63% 61% 60%
10 0% 0% 0% 0% 0% 90% 90% 74% 70% 67% 65%
11 0% 0% 0% 0% 0% 0% 90% 90% 77% 73% 70%
12 0% 0% 0% 0% 0% 0% 0% 90% 90% 79% 75%
13 0% 0% 0% 0% 0% 0% 0% 0% 90% 90% 80%
14 0% 0% 0% 0% 0% 0% 0% 0% 0% 90% 90%
15 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 90%
16 & above 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Joint Life
Special Surrender Value (SSV) for Single Pay = SSF3 x [(SSF1 x Annuity*)
+ (SSF2 x Purchase Price)]
Special Surrender Value (SSV) for Limited Pay = SSF3 x [(SSF1 x RPU
Annuity*) + (SSF2 x Total Premiums Paid)]
SSV shall be subject to a maximum of Death Benefit applicable at the
time of surrender.
SSF3 is a discounting factor based on a discount rate of 7.79% p.a.
(0.50% above the average of the daily 10-year G-Sec bond annualized
yields, as calculated by Bloomberg (or any other equivalent provider, if
not available by Bloomberg), recorded over the previous financial year
2023-24) and is derived based on the following formula:
formula:
1 / (1+i)^n,
where i is the discount rate and n is the number of outstanding years
from the end of the Deferment Period. The value of ‘SSF3’ is 1 after the
end of Deferment period.
approval.
Paid-Up Benefits
Single Pay
Not Applicable
Limited Pay
The policy acquires Surrender Value upon payment of 1 full year
premiums from the date of inception of the policy.
Where the policy has not acquired Surrender Value and if the due
premium is not received till the expiry of the grace period, such policy
shall lapse and all benefits under the policy will cease immediately.
Once the policy has acquired Surrender Value and if the due premium
is not received till the expiry of the grace period, then such policy
shall continue on a Reduced Paid-Up (RPU) basis.
After the policy has become RPU, the following benefits shall be
payable under the policy:
The RPU Annuity shall be equal to the Annuity multiplied by the RPU
Factor,
where the RPU Factor is the ratio of:
- The number of premium instalments paid to date; over
- The total number of premium instalments originally due for the
Premium Payment Term.
Under RPU, Accrued Guaranteed Additions shall not be reduced and
will remain attached to the Policy.
An RPU policy shall not be entitled to any future Guaranteed
Additions. Consequently, the Accrued Guaranteed Additions on the
date of the Policy becoming RPU shall be frozen and will not increase
further.
Death Benefit for RPU Policies

Single Life
Non- On death of the Annuitant, during the Deferment period, the death
forfeiture benefit payable to the nominee/legal heirs is the higher of
Benefit
1. 105% of Total Premiums Paid
2. [Total Premiums Paid + Accrued Guaranteed Additions – Total
Annuity amount already paid]
On death of the Annuitant, after the end of Deferment period, the
death benefit payable to the nominee/legal heirs is the higher of
Joint Life
On death of the last survivor, during the Deferment period, the death
benefit payable to the nominee/legal heirs is the higher of
On death of the last survivor, after the end of Deferment period, the
death benefit payable to the nominee/legal heirs is the higher of
Survival Benefit for RPU Policies
Single Life
RPU Annuity is payable, after the end of the Deferment Period, for as
long as the Annuitant is alive as per the chosen Frequency of Annuity
payment.
Joint Life
RPU Annuity is payable, after the end of the Deferment Period, for as
long as either of the Primary and the Secondary Annuitant is alive, as
per the chosen Frequency of Annuity payment.
OPTION 10. NPS – FAMILY INCOME
(This option is available specifically for National Pension System (NPS) subscribers only)
Under this option, the annuity benefit would be payable in accordance with the regulations as
prescribed by Pension Fund Regulatory and Development Authority (PFRDA) from time to
time. Any change in the product due to changes in the regulations prescribed by PFRDA shall be
subject to prior IRDAI approval. As per prevailing regulations, the Annuity benefit will be
payable for life of the subscriber and his/her spouse (if any) as per the Annuity option “Life
Annuity with Return of Purchase Price” (Single Life/ Joint Life whichever applicable). The RoP
Percentage applicable for this option will be 100% of Purchase Price. On death of the Annuitant
(last surviving annuitant in case of Joint life), the Annuity payment would cease and refund of
the Purchase Price shall be utilized to purchase an Annuity afresh, at the then prevailing
Annuity rates for Annuity option “Life Annuity with Return of Purchase Price” (Single Life/
Joint Life whichever applicable), for living dependent parents (if any) as per the order specified
below.
a) Living dependent mother of the deceased subscriber
b) Living dependent father of the deceased subscriber
The Annuity would continue until all such family members in the order specified above are
covered. After the coverage of all such family members, the Purchase Price shall be returned
to the surviving children of the subscriber and in the absence of the children, the
nominee/legal heir of the subscriber, as may be applicable.
Under this option the policy can be surrendered by the Policyholder any time after the date of
commencement of the Policy. The Surrender Value payable will be the Special Surrender Value
(SSV). SSV shall be subject to a maximum of Death Benefit applicable at the time of surrender.
SSV will be determined by the company from time to time basis changing economic scenario.
The Company may revise the SSV factors based on the then prevailing market conditions. Any
change in the methodology/formula for calculating the SSV shall be subject to IRDAI approval.
Example:
Mr. Sharma purchases ABSLI Guaranteed Annuity Plus with the vesting proceeds received from
NPS
Option Chosen: NPS Family Income- Single Life
Frequency of Annuity
Age Purchase Price Family member’s details
Annuity Payment Amount
Dependent Mother, Age 81 years
61 years Annual ` 5,00,000 ` 33,341
and Dependent Father, Age 85 years
Annuity will be payable every year in arrears until the Annuitant is alive.
In case of death of Mr. Sharma after 5 policy years, the Purchase Price of Rs 5,00,000 shall be
used to purchase an Annuity under Option 5 - Life Annuity with Return of Purchase Price, on
the dependent mother (if alive). Annuity will be payable as per the then prevailing annuity rate.
Subsequently on death of the dependent mother, the Purchase Price shall be used to purchase
an Annuity under Option 5 - Life Annuity with Return of Purchase Price, on the dependent
father (if alive). Annuity will be payable as per the then prevailing annuity rate.
On the death of the last surviving parent, the Purchase Price of Rs. 5,00,000 shall be returned
to the surviving children of Mr. Sharma or to his nominee/legal heirs, as applicable.
Note: - For all the Annuity Options-

1) If any Annuity is paid by Us after the date of death of the Annuitant or last surviving
Annuitant, as the case may be, but before the date of intimation of death, We shall deduct
an amount equal to the total of such Annuity paid from the Death benefit payable under
this Policy.
2) Once the death benefit is paid the policy will terminate and no future benefits will be
payable.
3) Policies sourced as QROPS through transfer of UK tax relieved assets cannot be surrendered.
4) For Group policies, Member has the option to continue their cover in the event the Master
Policyholder has surrendered the Policy.
5) There will not be any maturity benefit payable under this Policy.
6) The Procedure for Payment of the survival benefit is as below:
I. For payment of the survival benefits, We will require a Living Certificate in the format
prescribed by Us to be submitted by the Annuitant / Primary Annuitant / Secondary
Annuitant, to Us at least 30 days before the end of each Policy Year. Living certificate can
also be submitted by digital means as prescribed by the company
II. In case of Joint Life, after the death of either Primary or Secondary Annuitant, the Living
Certificate of the surviving Annuitant will be required to be submitted to Us at least
30 days before the end of each Policy Year.
III. The above document should be duly signed by a gazetted officer or a Registered Medical
Practitioner or a scheduled bank branch manager or public notary or any other person
as notified by the Company from time to time.
IV. If the foregoing documentation is not received by Us at least 30 days before the end of
each Policy Year, the payment of survival benefit will automatically cease from the
commencement of the immediately succeeding Policy Year until the same is submitted to Us.
V. In certain cases, we may require the Annuitant to submit the above documents in person.
VI. We reserve the right to modify the process and requirements set out above with the
prior approval of the IRDAI
OTHER FEATURES
Top-up Annuity
The Policyholder/Member shall have the option, during the term of the Policy, to increase the
Annuity by paying an additional Purchase Price called Top-Up Purchase Price.
i. This option can be chosen anytime while the Policy is in-force. The Top-up Annuity will be
effective immediately after the date of exercising the option.
ii. Once exercised, this option cannot be subsequently removed.
iii. Top-up Annuity is available for all the Annuity Options except for Annuity Option ‘Life
Annuity with Enhanced Annuity on Critical Illness/ Accidental Permanent Disability and with
Return of Purchase Price’.
iv. The eligibility criteria as applicable at Policy Inception shall be applicable for Top-up Annuity also.
v. The option and Annuity Payment Frequency for the Top-up Annuity will be as same as that
of the base Annuity.
vi. The Annuity amount paid from the Top-up premium will be dependent on the Age and Annuity
rate prevailing at the time of exercising the Top-up option.
vii. For Annuity Option ‘Deferred Life Annuity with Return of Premium’ -
• Top-up option will not be available post the end of the deferment period
• The Deferment Period of the Top-up Annuity will be the outstanding Deferment Period of
the Policy
• Guaranteed Additions will also apply on Top-up Annuity
viii. For options wherein Joint life is allowed, Top-up Annuity will be available only if both Primary
and Secondary Annuitant are alive
ix. Top-up Purchase Price will be considered for benefit payable on Survival, Death or Surrender
as applicable
x. Top-up option would not be available for QROPs and NPS customers
xi. Top-up Annuity option shall not be available after the product, ‘ABSLI Guaranteed Annuity
Plus’, is withdrawn
Policy Loan
Policyholder/Member can avail loan under below mentioned Annuity options:
• Life Annuity with Return of Purchase Price
• Life Annuity with Enhanced Annuity on Critical Illness/ Accidental Permanent Disability and
with Return of Purchase Price
• Life Annuity with Return of Purchase Price on attainment of Age 80 years
• Life Annuity with partial Return of Purchase Price to survivor and balance to nominee
• Deferred Life Annuity with Return of Premium
• NPS – Family Income
For Single Pay policies, the Policyholder can take Policy Loan, once the Policy has acquired a
Surrender Value. The Policyholder can take Policy Loan under Limited Pay for Option 9, on
completion of the first policy year, once the Policy has acquired a Surrender Value. Under joint
life option, the loan can be availed by the Primary Annuitant and on death of the Primary
Annuitant, it can be availed by the Secondary Annuitant.
The minimum policy loan amount is R5,000 and the maximum 80% of the then applicable
Surrender Value less any outstanding policy loan balance as on that date. On exercising this
option, the Policy shall automatically get assigned to the Company to the extent of the
outstanding Policy loan balance. The outstanding policy loan balance is an amount of loan still
unpaid plus all accrued but unpaid loan interest up to the given date.
If the outstanding policy loan balance at any time is equal to or exceeds the then prevailing
Surrender Value, then ABSLI shall send You a notice, 90 days in advance, to repay the loan
amount along with the interest.
Any payment(s) against survival benefit i.e. Annuity payable, Death Benefit or Surrender Value
shall be reduced by any outstanding policy loan balance at that time and only the residual value,
if any, shall be paid to the nominee/legal heir or Policyholder /Member as the case may be. We
shall be issuing the loan re-payment schedule at the time Policyholder opts for the loan against
policy.
We shall declare the Loan Interest Rate applicable to all policies under this product on June 1st of
every calendar year and is equal to the base rate of the State bank of India plus 100 basis points.
The interest rate applicable as on June 1st 2024 is 11.25% p.a. (compounded).
Any change in basis of determination of interest rate for policy loan can be done only after prior
approval of IRDAI.
SAMPLE ILLUSTRATION OF ANNUAL ANNUITY AMOUNTS
[In Rs.]
Purchase Price/Annualised Premium ` 5 lakh Age 55 Age 60 Age 65

Annuity options years years years
Life Annuity (level) 39,306 41,341 44,342
Annuity Certain for a specified period and thereafter 43,312

38,911 40,751
for Life (10 years certain period)
Life Annuity with Return of Balance of Purchase

37,884 39,642 41,913
Price(Level)
Life Annuity with 50% Annuity payable to secondary

35,569 36,600 38,774
annuitant on death of primary annuitant (joint life)
Life Annuity with Return of Purchase Price (100%RoP) 33,015 33,340 33,352
Life Annuity with enhanced Annuity on Critical Illness

/ Accidental Permanent Disability and with Return of 27,758 27,721 27,693
Purchase Price
Life Annuity with ROP on attainment of Age 80 years 28,710 26,912 24,435
Life Annuity with Partial Return of Purchase Price to 30,777 29,667 29,986
survivor and balance to nominee (joint life)
Deferred Life Annuity with Return of Premium

46,144 47,299 48,824
(deferment Period 5years) (Single Pay)

(deferment Period 5years) (5 Pay – Total Premiums 1,93,996 1,98,264 2,01,803
Paid: ` 25 Lakhs)
Purchase Price/Annualised Premium ` 10 lakh Age 55 Age 60 Age 65

Annuity options years years years
Life Annuity (level) 79,376 83,336 89,334
Annuity Certain for a specified period and thereafter

78,576 82,146 87,302
for Life (10 years certain period)
Life Annuity with Return of Balance of Purchase 79,972 84,578

76,554
Price(Level)
Life Annuity with 50% Annuity payable to secondary

71,882 73,964 78,199
annuitant on death of primary annuitant (joint life)
Life Annuity with Return of Purchase Price (100%RoP) 66,650 67,330 67,432
Life Annuity with enhanced Annuity on Critical Illness

/ Accidental Permanent Disability and with Return of 56,108 56,016 55,958
Purchase Price
Life Annuity with ROP on attainment of Age 80 years 58,060 54,452 49,490
Life Annuity with Partial Return of Purchase Price to 60,541

62,173 59,926
survivor and balance to nominee (joint life)

93,274 95,574 98,624
(deferment Period 5years) (Single Pay)

(deferment Period 5years) (5 Pay – Total Premiums 3,88,676 3,97,374 4,04,523
Paid: ` 50 Lakhs)
Please Note: -
• Purchase Price is exclusive of GST & other statutory levies.
• For given illustration, age of Secondary Annuitant(female) is 5 years less than that of Primary Annuitant
• Please note that the rates and pay-outs are subject to change. The final pay-out will depend on the prevailing
rates. Hence, please check for prevailing annuity rates at the time of purchasing the policy.
TAX BENEFITS
Tax benefits may be available as per prevailing tax laws. 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 you. It
is advisable to seek an independent tax advice.
IMPORTANT DEFINITIONS / TERMS
Medical Practitioner
Medical Practitioner is a person who holds a valid registration from the Medical Council of any
State or Medical Council of India or Council for Indian Medicine or for Homeopathy set up by the
Government of India or a State government and is thereby entitled to practice medicine within
its jurisdiction; and is acting within the scope and jurisdiction of license. Such Medical
Practitioner is not the Policyholder’s /Member’s spouse, father (including stepfather) or mother
(including stepmother), son (including stepson), son’s wife, daughter, daughter’s husband,
brother (including stepbrother) and sister (including stepsister) or Life Insured / Policyholder
under this Policy and would be independent of the insurer.
Living Certificate
Living Certificate" means a declaration in a format specified by the Company, from the
Annuitant(s) duly signed by a gazetted officer and/or a Registered Medical Practitioner (who
should quote his medical council registration number) declaring that the Annuitant(s) is/are
living on the date of the declaration and the said declaration should be accompanied with a
self-attested identification proof of the respective Annuitant(s) duly verified by the gazetted
officer and/or the Registered Medical Practitioner or any other person as notified by the
Company from time to time
List of Covered Critical Illnesses

1. Cancer of Specified Severity
A malignant tumor characterized by the uncontrolled growth and spread of malignant cells
with invasion and destruction of normal tissues. This diagnosis must be supported by
histological evidence of malignancy. The term cancer includes leukemia, lymphoma and
sarcoma. The following are excluded –
• All tumors which are histologically described as carcinoma in situ, benign, pre-malignant,
borderline malignant, low malignant potential, neoplasm of unknown behaviour, or
non-invasive, including but not limited to: Carcinoma in situ of breasts, Cervical dysplasia
CIN-1, CIN - 2 and CIN-3.
• Any non-melanoma skin carcinoma unless there is evidence of metastases to lymph nodes
or beyond;
• Malignant melanoma that has not caused invasion beyond the epidermis;
• All tumors of the prostate unless histologically classified as having a Gleason score greater
than 6 or having progressed to at least clinical TNM classification T2N0M0
• All Thyroid cancers histologically classified as T1N0M0 (TNM Classification) or below;
• Chronic lymphocytic leukaemia less than RAI stage 3
• Non-invasive papillary cancer of the bladder histologically described as TaN0M0 or of a
lesser classification,
• All Gastro-Intestinal Stromal Tumors histologically classified as T1N0M0 (TNM Classification)
or below and with mitotic count of less than or equal to 5/50 HPFs;
2. Myocardial Infarction (First Heart Attack of Specific Severity)

The first occurrence of heart attack or myocardial infarction, which means the death of a
portion of the heart muscle as a result of inadequate blood supply to the relevant area. The
diagnosis for Myocardial Infarction should be evidenced by all of the following criteria:
• A history of typical clinical symptoms consistent with the diagnosis of acute myocardial
infarction (For e.g. typical chest pain)
• New characteristic electrocardiogram changes
• Elevation of infarction specific enzymes, Troponins or other specific biochemical markers.
The following are excluded:
• Other acute Coronary Syndromes
• Any type of angina pectoris
• A rise in cardiac biomarkers or Troponin T or I in absence of overt ischemic heart disease
OR following an intra-arterial cardiac procedure.
3. Open Chest CABG

The actual undergoing of heart surgery to correct blockage or narrowing in one or more
coronary artery(s), by coronary artery bypass grafting done via a sternotomy (cutting
through the breast bone) or minimally invasive keyhole coronary artery bypass procedures.
The diagnosis must be supported by a coronary angiography and the realization of
surgery has to be confirmed by a cardiologist.
The following are excluded: Angioplasty and/or any other intra-arterial procedures
4. Open Heart Replacement or Repair of Heart Valves

The actual undergoing of open-heart valve surgery is to replace or repair one or more heart
valves, as a consequence of defects in, abnormalities of, or disease affected cardiac valve(s).
The diagnosis of the valve abnormality must be supported by an echocardiography and
the realization of surgery has to be confirmed by a specialist medical practitioner. Catheter
based techniques including but not limited to, balloon valvotomy /valvuloplasty are excluded.
5. Coma of Specified Severity

A state of unconsciousness with no reaction or response to external stimuli or internal
needs. This diagnosis must be supported by evidence of all of the following:
• no response to external stimuli continuously for at least 96 hours;
• life support measures are necessary to sustain life; and
• permanent neurological deficit which must be assessed at least 30 days after the onset
of the coma.
• The condition has to be confirmed by a specialist medical practitioner. Coma resulting
directly from alcohol or drug abuse is excluded.
6. Kidney Failure Requiring Regular Dialysis

End stage renal disease presenting as chronic irreversible failure of both kidneys to function,
as a result of which either regular renal dialysis (haemodialysis or peritoneal dialysis) is
instituted or renal transplantation is carried out. Diagnosis has to be confirmed by a specialist
medical practitioner.
7. Stroke Resulting in Permanent Symptoms
Any cerebrovascular incident producing permanent neurological sequelae. This includes
infarction of brain tissue, thrombosis in an intracranial vessel, haemorrhage and embolisation
from an extracranial source. Diagnosis has to be confirmed by a specialist medical practitioner and
evidenced by typical clinical symptoms as well as typical findings in CT Scan or MRI of the
brain. Evidence of permanent neurological deficit lasting for at least 3 months has to be produced.
• Transient ischemic attacks (TIA)
• Traumatic injury of the brain
• Vascular disease affecting only the eye or optic nerve or vestibular functions.
8. Major Organ /Bone Marrow Transplant

The actual undergoing of a transplant of:
• One of the following human organs: heart, lung, liver, kidney, pancreas, that resulted from
irreversible end-stage failure of the relevant organ, or
• Human bone marrow using haematopoietic stem cells. The undergoing of a transplant
has to be confirmed by a specialist medical practitioner.
• Other stem-cell transplants
• Where only islets of langerhans are transplanted
9. Permanent Paralysis of Limbs

Total and irreversible loss of use of two or more limbs as a result of injury or disease of
the brain or spinal cord. A specialist medical practitioner must be of the opinion that the
paralysis will be permanent with no hope of recovery and must be present for more
than 3 months.
10. Motor Neuron Disease with Permanent Symptoms

Total and irreversible loss of use of two or more limbs as a result of injury or disease of
the brain or spinal cord. A specialist medical practitioner must be of the opinion that the
paralysis will be permanent with no hope of recovery and must be present for more
than 3 months.
11. Multiple Sclerosis with Persisting Symptoms

The unequivocal diagnosis of Definite Multiple Sclerosis confirmed and evidenced by all
of the following:
• investigations including typical MRI findings which unequivocally confirm the diagnosis to
be multiple sclerosis and
• there must be current clinical impairment of motor or sensory function, which must
have persisted for a continuous period of at least 6 months.
• Other causes of neurological damage such as SLE are excluded.
12. Benign Brain Tumor

Benign brain tumor is defined as a life threatening, non-cancerous tumor in the brain, cranial
nerves or meninges within the skull. The presence of the underlying tumor must be confirmed
imaging studies such as CT scan or MRI. This brain tumor must result in at least one of the
following and must be confirmed by the relevant medical specialist.
• Permanent Neurological deficit with persisting clinical symptoms for a continuous period
of at least 90 consecutive days or
• Undergone surgical resection or radiation therapy to treat the brain tumor.
• The following conditions are excluded: Cysts, Granulomas, malformations in the arteries
or veins of the brain, hematomas, abscesses, pituitary tumors, tumors of skull bones
and tumors of the spinal cord.
13. Blindnes
Total, permanent and irreversible loss of all vision in both eyes as a result of illness or accident.
The Blindness is evidenced by:
• corrected visual acuity being 3/60 or less in both eyes or;
• the field of vision being less than 10 degrees in both eyes.
The diagnosis of blindness must be confirmed and must not be correctable by aids or surgical
procedure
14. Deafness
Total and irreversible loss of hearing in both ears as a result of illness or accident. This
diagnosis must be supported by pure tone audiogram test and certified by an Ear, Nose and
Throat (ENT) specialist. Total means “the loss of hearing to the extent that the loss is greater
than 90 decibels across all frequencies of hearing” in both ears.
15. End Stage Lung Failure

End stage lung disease, causing chronic respiratory failure, as confirmed and evidenced by all
of the following:
• FEV1 test results consistently less than 1 litre measured on 3 occasions 3 months apart; and
• Requiring continuous permanent supplementary oxygen therapy for hypoxemia; and
• Arterial blood gas analysis with partial oxygen pressure of 55mmHg or less (PaO2 <
55mmHg); and
• Dyspnea at rest.
16. End Stage Liver Failure

Permanent and irreversible failure of liver function that has resulted in all three of the
following:
• Permanent jaundice; and
• Ascites; and
• Hepatic encephalopathy.
Liver failure secondary to drug or alcohol abuse is excluded.
17. Loss of Speech

Total and irrecoverable loss of the ability to speak as a result of injury or disease to the vocal
cords. The inability to speak must be established for a continuous period of 12 months. This
diagnosis must be supported by medical evidence furnished by an Ear, Nose, Throat (ENT)
specialist.
18. Loss of Limbs

The physical separation of two or more limbs, at or above the wrist or ankle level limbs as a
result of injury or disease. This will include medically necessary amputation necessitated by
injury or disease. The separation has to be permanent without any chance of surgical
correction. Loss of Limbs resulting directly or indirectly from self-inflicted injury, alcohol or
drug abuse is excluded.
19. Major Head Trauma

Accidental head injury resulting in permanent Neurological deficit to be assessed no sooner
than 3 months from the date of the accident. This diagnosis must be supported by
unequivocal findings on Magnetic Resonance Imaging,
Computerized Tomography, or other reliable imaging techniques. The accident must be
caused solely and directly by accidental, violent, external and visible means and independently
of all other causes.
The Accidental Head injury must result in an inability to perform at least three (3) of the
following Activities of Daily Living either with or without the use of mechanical equipment,
special devices or other aids and adaptations in use for disabled persons. For the purpose
of this benefit, the word “permanent” shall mean beyond the scope of recovery with current
medical knowledge and technology.
The Activities of Daily Living are:
• Washing: the ability to wash in the bath or shower (including getting into and out of the
bath or shower) or wash satisfactorily by other means;
• Dressing: the ability to put on, take off, secure and unfasten all garments and, as appropriate,
any braces, artificial limbs or other surgical appliances;
• Transferring: the ability to move from a bed to an upright chair or wheelchair and vice
versa;
• Mobility: the ability to move indoors from room to room on level surfaces;
• Toileting: the ability to use the lavatory or otherwise manage bowel and bladder functions
so as to maintain a satisfactory level of personal hygiene;
• Feeding: the ability to feed oneself once food has been prepared and made available. The
following are excluded: Spinal cord injury
20. Primary (Idiopathic) Pulmonary Hypertension

An unequivocal diagnosis of Primary (Idiopathic) Pulmonary Hypertension by a Cardiologist
or specialist in respiratory medicine with evidence of right ventricular enlargement and the
pulmonary artery pressure above 30 mm of Hg on Cardiac Cauterization. There must be
permanent irreversible physical impairment to the degree of at least Class IV of the New York
Heart Association Classification of cardiac impairment.
The NYHA Classification of Cardiac Impairment are as follows:
• Class III: Marked limitation of physical activity. Comfortable at rest, but less than ordinary
activity causes symptoms.
• Class IV: Unable to engage in any physical activity without discomfort. Symptoms may be
present even at rest.
• Pulmonary hypertension associated with lung disease, chronic hypoventilation, pulmonary
thromboembolic disease, drugs and toxins, diseases of the left side of the heart, congenital
heart disease and any secondary cause are specifically excluded.
21. Third Degree Burns

There must be third-degree burns with scarring that cover at least 20% of the body's surface
area. The diagnosis must confirm the total area involved using standardized, clinically
accepted, body surface area charts covering 20% of the body surface area
22. Alzheimer's Disease

A definite diagnosis of Alzheimer’s disease evidenced by all of the following:
• Loss of intellectual capacity involving impairment of memory and executive functions
(sequencing, organizing, abstracting, and planning), which results in a significant reduction
in mental and social functioning
• Personality change
• Gradual onset and continuing decline of cognitive functions
• o disturbance of consciousness
• Typical neuropsychological and neuroimaging findings (e.g. CT scan)
The disease must require constant supervision (24 hours daily) [before age 65]. The diagnosis
and the need for supervision must be confirmed by a Consultant Neurologist.
For the above definition, the following are not covered:
• Other forms of dementia due to brain or systemic disorders or psychiatric conditions
23. Aplastic Anaemia
A definite diagnosis of aplastic anaemia resulting in severe bone marrow failure with anaemia,
neutropenia and thrombocytopenia. The condition must be treated with blood transfusions
and, in addition, with at least one of the following:
• Bone marrow stimulating agents
• Immunosuppressants
• Bone marrow transplantation
• The diagnosis must be confirmed by a Consultant Haematologist and evidenced by bone
marrow histology.
24. Medullary Cystic Disease

A definite diagnosis of medullary cystic disease evidenced by all of the following:
• Ultrasound, MRI or CT scan showing multiple cysts in the medulla and corticomedullary
region of both kidneys
• Typical histological findings with tubular atrophy, basement membrane thickening and cyst
formation in the corticomedullary junction
• Glomerular filtration rate (GFR) of less than 40 ml/min (MDRD formula)
• The diagnosis must be confirmed by a Consultant Nephrologist.
• For the above definition, the following are not covered:
• Polycystic kidney disease
• Multicystic renal dysplasia and medullary sponge kidney
• Any other cystic kidney disease
25. Parkinson's Disease

A definite diagnosis of primary idiopathic Parkinson's disease, which is evidenced by at least
two out of the following clinical manifestations:
• Muscle rigidity
• Tremor
• Bradykinesia (abnormal slowness of movement, sluggishness of physical and mental
responses)
• Idiopathic Parkinson's disease must result [before age 65] in a total inability to perform, by
oneself, at least 3 out of 6 Activities of Daily
Living for a continuous period of at least 3 months despite adequate drug treatment.
Activities of Daily Living are:
• Washing – the ability to wash in the bath or shower (including getting into and out of the
bath or shower) or wash satisfactorily by other means.
• Getting dressed and undressed – the ability to put on, take off, secure and unfasten all
garments and, if needed, any braces, artificial limbs or other surgical appliances.
• Feeding oneself – the ability to feed oneself when food has been prepared and made
available.
• Maintaining personal hygiene – the ability to maintain a satisfactory level of personal
hygiene by using the toilet or otherwise managing bowel and bladder function.
• Getting between rooms – the ability to get from room to room on a level floor.
• Getting in and out of bed – the ability to get out of bed into an upright chair or wheelchair
and back again.
• The diagnosis must be confirmed by a Consultant Neurologist.
The implantation of a neurostimulator to control symptoms by deep brain stimulation is,
independent of the Activities of Daily Living, covered under this definition. The implantation
must be determined to be medically necessary by a Consultant Neurologist or Neurosurgeon.
or the above definition, the following are not covered:
• Secondary parkinsonism (including drug- or toxin-induced parkinsonism)
• Essential tremor
26. Systemic Lupus Erythematosus - with Lupus Nephritis

A definite diagnosis of systemic lupus erythematosus evidenced by all of the following:
• Typical laboratory findings, such as presence of antinuclear antibodies (ANA) or anti-dsDNA
antibodies
• Symptoms associated with lupus erythematosus (butterfly rash, photosensitivity, serositis)
• Continuous treatment with corticosteroids or other immunosuppressants
• Additionally, one of the following organ involvements must be diagnosed:
• Lupus nephritis with proteinuria of at least 0.5 g/day and a glomerular filtration rate of less
than 60 ml/min (MDRD formula)
• Libman-Sacks endocarditis or myocarditis
• Neurological deficits or seizures over a period of at least 3 months and supported by
cerebrospinal fluid or EEG findings.
Headaches, cognitive and psychiatric abnormalities are specifically excluded.
The diagnosis must be confirmed by a Consultant Rheumatologist or Nephrologist.
• Discoid lupus erythematosus or subacute cutaneous lupus erythematosus
• Drug-induced lupus erythematosus
27. Apallic Syndrome

A vegetative state is absence of responsiveness and awareness due to dysfunction of the
cerebral hemispheres, with the brain stem, controlling respiration and cardiac functions,
remaining intact. The definite diagnosis must be evidenced by all of the following:
• Complete unawareness of the self and the environment
• Inability to communicate with others
• No evidence of sustained or reproducible behavioural responses to external stimuli
• Preserved brain stem functions
Exclusion of other treatable neurological or psychiatric disorders with appropriate
neurophysiological or neuropsychological tests or imaging procedures
The diagnosis must be confirmed by a Consultant Neurologist and the condition must be
medically documented for at least one month without any clinical improvement.
28. Major Surgery of the Aorta

The undergoing of surgery to treat narrowing, obstruction, aneurysm or dissection of the aorta.
Minimally invasive procedures like endovascular repair are covered under this definition. The
surgery must be determined to be medically necessary by a Consultant Surgeon and
supported by imaging findings.
• Surgery to any branches of the thoracic or abdominal aorta (including aortofemoral or
aortoiliac bypass grafts)
• Surgery of the aorta related to hereditary connective tissue disorders (e.g. Marfan
syndrome, Ehlers–Danlos syndrome)
• Surgery following traumatic injury to the aorta
29. Fulminant Viral Hepatitis - resulting in acute liver failure

A definite diagnosis of fulminant viral hepatitis evidenced by all of the following:
• Typical serological course of acute viral hepatitis
• Development of hepatic encephalopathy
• Decrease in liver size
• Increase in bilirubin levels
• Coagulopathy with an international normalized ratio (INR) greater than 1.5
• Development of liver failure within 7 days of onset of symptoms
• No known history of liver disease
• The diagnosis must be confirmed by a Consultant Gastroenterologist.
• All other non-viral causes of acute liver failure (including paracetamol or aflatoxin intoxication)
• Fulminant viral hepatitis associated with intravenous drug use
30. Primary Cardiomyopathy

A definite diagnosis of one of the following primary cardiomyopathies:
• Dilated Cardiomyopathy
• Hypertrophic Cardiomyopathy (obstructive or non-obstructive)
• Restrictive Cardiomyopathy
• Arrhythmogenic Right Ventricular Cardiomyopathy
• The disease must result in at least one of the following:
• Left ventricular ejection fraction (LVEF) of less than 40% measured twice at an interval of at
least 3 months.
• Marked limitation of physical activities where less than ordinary activity causes fatigue,
palpitation, breathlessness or chest pain (Class III or IV of the New York Heart Association
classification) over a period of at least 6 months.
• Implantation of an Implantable Cardioverter Defibrillator (ICD) for the prevention of sudden
cardiac death
The diagnosis must be confirmed by a Consultant Cardiologist and supported by echocardiogram,
cardiac MRI or cardiac CT scan findings.
The implantation of an Implantable Cardioverter Defibrillator (ICD) must be determined to be
medically necessary by a Consultant Cardiologist.
• Secondary (ischaemic, valvular, metabolic, toxic or hypertensive) cardiomyopathy
• Transient reduction of left ventricular function due to myocarditis
• Cardiomyopathy due to systemic diseases
• Implantation of an Implantable Cardioverter Defibrillator (ICD) due to primary arrhythmias
(e.g. Brugada or Long-QT-Syndrome)
31. Muscular Dystrophy - resulting in permanent loss of physical abilities

A definite diagnosis of one of the following muscular dystrophies:
• Duchenne Muscular Dystrophy (DMD)
• Becker Muscular Dystrophy (BMD)
• Emery-Dreifuss Muscular Dystrophy (EDMD)
• Limb-Girdle Muscular Dystrophy (LGMD)
• Facioscapulohumeral Muscular Dystrophy (FSHD)
• Myotonic Dystrophy Type 1 (MMD or Steinert's Disease)
• Oculopharyngeal Muscular Dystrophy (OPMD)
The disease must result in a total inability to perform, by oneself, at least 3 out of 6 Activities of
Daily Living for a continuous period of at least 3 months with no reasonable chance of recovery.
• Washing – the ability to wash in the bath or shower (including getting into and out of the bath
or shower) or wash satisfactorily by other means.
available.
• Maintaining personal hygiene – the ability to maintain a satisfactory level of personal hygiene
by using the toilet or otherwise managing bowel and bladder function.
• Getting in and out of bed – the ability to get out of bed into an upright chair or wheelchair and
back again.
The diagnosis must be confirmed by a Consultant Neurologist and supported by electromyography
(EMG) and muscle biopsy findings.
Myotonic Dystrophy Type 2 (PROMM) and all forms of myotonia
32. Poliomyelitis - resulting in paralysis
A definite diagnosis of acute poliovirus infection resulting in paralysis of the limb muscles or
respiratory muscles. The paralysis must be medically documented for at least 3 months from
the date of diagnosis.
The diagnosis must be confirmed by a Consultant Neurologist and supported by laboratory
tests proving the presence of the poliovirus.
• Poliovirus infections without paralysis
• Other enterovirus infections
• Guillain-Barré syndrome or transverse myelitis
33. Sporadic Creutzfeldt-Jakob Disease (SCJD)

A diagnosis of sporadic Creutzfeldt-Jakob disease, which has to be classified as “probable” by
all of the following criteria:
• Progressive dementia
• At least two out of the following four clinical features: myoclonus, visual or cerebellar
signs, pyramidal/extrapyramidal signs, akinetic mutism
• Electroencephalogram (EEG) showing sharp wave complexes and/or the presence of
14-3-3 protein in the cerebrospinal fluid
• No routine investigations indicate an alternative diagnosis
• The diagnosis must be confirmed by a Consultant Neurologist.
• Iatrogenic or familial Creutzfeldt-Jakob disease
• Variant Creutzfeldt-Jakob disease (VCJD)
34. Chronic Recurring Pancreatitis

A definite diagnosis of severe chronic pancreatitis evidenced by all of the following:
• Exocrine pancreatic insufficiency with weight loss and steatorrhoea
• Endocrine pancreatic insufficiency with pancreatic diabetes
• Need for oral pancreatic enzyme substitution
• These conditions have to be present for at least 3 months. The diagnosis must be
confirmed by a Consultant Gastroenterologist and supported by imaging and laboratory
findings (e.g. faecal elastase).
• Chronic pancreatitis due to alcohol or drug use
• Acute pancreatitis
35. Bacterial Meningitis - resulting in persistent symptoms

A definite diagnosis of bacterial meningitis resulting in a persistent neurological deficit
documented for at least 3 months following the date of diagnosis. The diagnosis must be
confirmed by a Consultant Neurologist and supported by growth of pathogenic bacteria from
cerebrospinal fluid culture.
Aseptic, viral, parasitic or non-infectious meningitis
36. Chronic Adrenocortical Insufficiency (Addison's Disease)

Chronic autoimmune adrenal insufficiency is an autoimmune disorder causing gradual
destruction of the adrenal gland resulting in inadequate secretion of steroid hormones. A
definite diagnosis of chronic autoimmune adrenal insufficiency which must be confirmed by
a Consultant Endocrinologist and supported by all of the following diagnostic tests:
• ACTH stimulation test
• ACTH, cortisol, TSH, aldosterone, renin, sodium and potassium blood level
• Secondary, tertiary and congenital adrenal insufficiency
• Adrenal insufficiency due to non-autoimmune causes (such as bleeding, infections,
tumours, granulomatous disease or surgical removal)
37. Loss of Independent Existence

A definite diagnosis [before age 65] of a total inability to perform, by oneself, at least 3 out
of 6 Activities of Daily Living for a continuous period of at least 3 months with no reasonable
chance of recovery.
• Washing – the ability to wash in the bath or shower (including getting into and out of the
bath or shower) or wash satisfactorily by other means.
available.
• Maintaining personal hygiene – the ability to maintain a satisfactory level of personal
hygiene by using the toilet or otherwise managing bowel and bladder function.
• Getting in and out of bed – the ability to get out of bed into an upright chair or wheelchair
and back again.
The diagnosis has to be confirmed by a Specialist.
38. Encephalitis
A definite diagnosis of acute viral encephalitis resulting in a persistent neurological deficit
documented for at least 3 months following the date of diagnosis. The diagnosis must be
confirmed by a Consultant Neurologist and supported by typical clinical symptoms and
cerebrospinal fluid or brain biopsy findings.
• Encephalitis in the presence of HIV
• Encephalitis caused by bacterial or protozoal infections
• Myalgic or paraneoplastic encephalomyelitis
39. Progressive supranuclear palsy

Progressive supranuclear palsy occurring independently of all other causes and resulting
in permanent neurological deficit, which is directly responsible for a permanent inability to
perform at least two (2) of the Activities of Daily Living. The diagnosis of the Progressive
Supranuclear Palsy must be confirmed by a registered Medical Practitioner who is a
neurologist
40. Severe Rheumatoid arthritis

A definite diagnosis of rheumatoid arthritis evidenced by all of the following:
• Typical symptoms of inflammation (arthralgia, swelling, tenderness) in at least 20 joints
over a period of 6 weeks at the time of diagnosis
• Rheumatoid factor positivity (at least twice the upper normal value) and/or presence of
anti-citrulline antibodies
• Continuous treatment with corticosteroids
• Treatment with a combination of “Disease Modifying Anti-Rheumatic Drugs” (e.g. methotrexate
plus sulfasalazine/leflunomide) or a TNF inhibitor over a period of at least 6 months
The diagnosis must be confirmed by a Consultant Rheumatologist.
Reactive arthritis, psoriatic arthritis and activated osteoarthritis
41. Scleroderma
A definite diagnosis of scleroderma evidenced by all of the following:
• Typical laboratory findings (e.g.anti-Scl-70 antibodies)
• Typical clinical signs (e.g. Raynaud’s phenomenon, skin sclerosis, erosions)
• Lung fibrosis with a diffusing capacity (DCO) of less than 70% of predicted
• Pulmonary hypertension with a mean pulmonary artery pressure of more than 25 mmHg
at rest measured by right heart catheterisation
• Chronic kidney disease with a glomerular filtration rate of less than 60 ml/min
(MDRD-formula)
• Echocardiographic signs of significant left ventricular diastolic dysfunction
• Localized scleroderma without organ involvement
• Eosinophilic fasciitis
CREST-Syndrome
42. Systematic lupus Erythematosus with Renal Involvement

A definite diagnosis of systemic lupus erythematosus evidenced by all of the following:
• Typical laboratory findings, such as presence of antinuclear antibodies (ANA) or
anti-dsDNA antibodies
• Symptoms associated with lupus erythematosus (butterfly rash, photosensitivity, serositis)
• Lupus nephritis with proteinuria of at least 0.5 g/day and a glomerular filtration rate of
less than 60 ml/min (MDRD formula)
• Libman-Sacks endocarditis or myocarditis
• Neurological deficits or seizures over a period of at least 3 months and supported by
cerebrospinal fluid or EEG findings. Headaches, cognitive and psychiatric abnormalities are
specifically excluded.
• Discoid lupus erythematosus or subacute cutaneous lupus erythematosus
• Drug-induced lupus erythematosus
Critical Illness Exclusions
A waiting period of 90 days is applicable from the policy effective date. If the Annuitant is
diagnosed with Critical Illness during this time then the Annuity will not be enhanced.
The Annuitant shall not be entitled to any enhanced Annuity under Critical illness Benefit if the
covered Critical Illness results either directly or indirectly from any of the following causes:
i) Any Pre-Existing Disease. “Pre-existing Disease” means any condition, ailment, injury or
disease:
(a) That is/are diagnosed by a physician within 36 months prior to the effective date of
the policy issued by the insurer or its latest revival date, whichever is later; OR
(b) For which medical advice or treatment was recommended by, or received from, a
physician within 36 months prior to the effective date of the policy or its latest revival
date, whichever is later.
This exclusion shall not be applicable to conditions, ailments or injuries or related condition(s)
which are underwritten and accepted by insurer at inception
ii) Any sickness-related condition manifesting itself within 90 days from the policy commencement
date or its latest revival date, whichever is later;
iii) Any sexually transmitted diseases.
iv) Any congenital condition
v) Suicide or attempted suicide or self-inflicted injury, irrespective of mental condition;
vi) Participation in a criminal, unlawful or illegal activity;
vii) Taking or absorbing, accidentally or otherwise, any intoxicating liquor, drug, narcotic,
medicine, sedative or poison, except as prescribed by a registered medical practitioner
acceptable to us;
viii) Nuclear contamination, the radioactive, explosive or hazardous nature of nuclear fuel
materials or property contaminated by nuclear fuel materials or accident arising from such
nature;
ix) War, invasion, act of foreign enemy, hostilities (whether war be declared or not), armed or
unarmed truce, civil war, mutiny, rebellion, revolution, insurrection, military or usurped
power, riot or civil commotion, strikes.
x) Taking part in any naval, military or air force operation during peace time.
xi) Participation by the insured person in any flying activity, except as a bona fide, fare-paying
passenger of a recognized airline on regular routes and on a scheduled timetable.
xii) Engaging in or taking part in professional sport(s) or any hazardous pursuits, including but
not limited to, diving or riding or any kind of race; underwater activities involving the use of
breathing apparatus or not; martial arts; hunting; mountaineering; parachuting;
bungee-jumping.
Critical Illness Exclusions

Accidental Permanent Disability must be a result of a sudden, unforeseen and involuntary event
caused by external, visible and violent means within 90 days of such trauma, proved to the
satisfaction of the Insurer. The permanence of the disability will only be established 180 days
following the date of the event causing the disability except in the case of complete severance of
the hand at or above the wrist or foot at or above the ankle joint. The Accidental Permanent
Disabilities covered are as mentioned below.
1. Loss or total and permanent loss of use of both hands from the wrist joint.
2. Loss or total and permanent loss of use of both feet from the ankle joint.
3. Total and permanent loss of sight in both eyes.
4. Loss or total and permanent loss of use of one hand from the wrist joint and of one foot
from the ankle joint.
5. Loss or total and permanent loss of use of one hand from the wrist joint and total and
permanent loss of sight in one eye.
6. Loss or total and permanent loss of use of one foot from the ankle joint and total and
permanent loss of sight in one eye.
Accidental Permanent Disability Exclusions

A waiting period of 90 days is applicable from the policy effective date. If the Annuitant is
diagnosed with Accidental Permanent Disability during this time then the Annuity will not be
enhanced.
The Annuitant shall not be entitled to any enhanced Annuity under Permanent Disability (PD)
benefit if the disability is directly or indirectly due to or caused, occasioned, accelerated or
aggravated by any of the following:
i) Attempted suicide, while sane or insane
ii) Service in the armed forces in time of declared or undeclared war or while under orders for
warlike operations or restoration of public order
iii) Self-destruction or any attempted self-destruction or self-inflicted injury while sane or
insane
iv) Accident occurring while or because the Insured is under the influence of alcohol or any non
prescribed drug; unless taken in accordance with the lawful directions and prescription of
a registered medical practitioner
v) Entering, exiting, operating, servicing, or being transported by any aerial device or
conveyance except when the Insured is on a commercial passenger airline on a regular
scheduled passenger trip over its established passenger route;
vi) Arising or resulting from the insured committing any breach of law with criminal intent.
vii) War, terrorism, invasion, act of foreign enemy, hostilities (whether war be declared or not),
civil war, martial law, rebellion, revolution, insurrection, military or usurper power, riot or
civil commotion. War means any war whether declared or not.
viii) Taking or absorbing, accidentally or otherwise, any intoxicating liquor, drug, narcotic,
medicine, sedative or poison, except as prescribed by a licensed doctor other than life
assured.
ix) Engaging in or taking part in professional sport(s) or any hazardous pursuits, including but
not limited to, diving or riding or any kind of race; underwater activities involving the use of
breathing apparatus or not; martial arts; hunting; mountaineering; parachuting; bungee
jumping;
x) Any injury incurred before the effective date of the cover
xi) Nuclear Contamination; the radioactive, explosive or hazardous nature of nuclear fuel
materials or property contaminated by nuclear fuel materials or accident arising from such
nature
xii) Disability as a result of any disease or infection
TERMINATION OF POLICY
The Policy/Certificate of Annuity shall terminate upon the earliest occurrence of any of the
following events:
(a) For Annuity Option 2 - The date of expiry of the chosen Annuity Certain period or the date
of death of the Annuitant, whichever is later.
(b) For Annuity Options 1, 3, 4, 5, 6, 7, 8 and 9 – The date of death of the Annuitant under Single
Life and date of death of the last surviving Annuitant under Joint Life.
(c) For Annuity Option 10 – The date of death of the last surviving family member who is
covered under the Policy/Annuity Certificate.
(d) For Annuity Options 5, 6, 7, 8, 9 and 10 - The date of payment of surrender value under the
Policy/Annuity Certificate.
(e) The date of payment of free-look cancellation amount.
TERMS & CONDITIONS
Free Look Period

For Individual Policies
You have a free look period of 30 days from the date of receipt of the Policy, to review the terms
and conditions of the Policy, in case you disagree with the terms & conditions of your Policy, you
have the option to return the original policy document to us for cancellation. We will refund the
premium paid post receipt of written notice of cancellation (along with reasons thereof)
together with the original Policy document from your end. We may reduce the amount of the
refund by proportionate risk premium for the period of cover and expenses incurred by us on
medical examination, if any and stamp duty charges along with Annuity paid, if any, while issuing
your Policy in accordance with IRDAI (Protection of Policyholders’ Interests, Operations and Allied
Matters of Insurers) Regulations, 2024.
For Group Policies

In case the Master Policyholder/ Member is not satisfied with the terms and conditions specified
in the Master Policy Document / Certificate of Annuity the Master Policyholder/Scheme Member
shall have the option of returning the Policy/Certificate of Annuity to the Company stating the
reasons thereof, within 30 days from the date of receipt of the Policy,
On receipt of the free-look intimation and Policy/Certificate of Annuity, the company shall refund
the premium, subject to deduction of the stamp duty and Annuity paid (if any) as per the
conditions specified below. For Administrative purposes, all such free-look requests should be
registered by Master Policyholder on behalf of Scheme Member.
On cancellation of the Policy during the free-look period the treatment will be as below:
i. For standalone Annuity policies, the proceeds from cancellation shall be returned to the
Policyholder/ Master Policyholder/ Scheme Member as the case may be.
ii. If the policy is purchased out of proceeds of a deferred pension plan of any other insurance
company, the proceeds from cancellation will be transferred back to that insurance
company.
iii. Free look option stated above cannot be exercised, if the Policy has been purchased from
funds which are arising from any of Our pension /superannuation plans, under which
annuitizing is compulsory and open market option is not available.
iv. If this product is purchased through proceeds from subscribers NPS funds, the proceeds
from cancellation in the free-look period shall only be transferred back to the Central
Record-keeping Agency (CRA) from where the money was received.
v. If this product is purchased as QROPS through transfer of UK tax relieved assets or any
other scheme where compulsory purchase of annuity is required, the proceeds from
cancellation in the free-look period shall only be transferred back to the fund house from
where the money was received.
Grace Period
None for Single Pay.
For Limited Pay, the Policyholder will have a Grace Period of 30 days (15 days in case of monthly
mode frequency) from the premium due date to pay premiums. During this period, all coverage
under the policy will continue. If the premium is not paid within the Grace Period then one of the
following will happen:
• If less than one full year’s premiums have been paid then policy will lapse and all benefits will
cease immediately.
• Otherwise, the policy will continue on a Reduced Paid-Up basis.
In case of death during the grace period, ABSLI will recover the unpaid premium due from the
death benefit payable.
Revival or Reinstatements
Not Applicable for Single Pay
Limited Pay:
On non-payment of premium, a policy will either be treated as lapsed with no benefit payable or
made RPU as described in the RPU Section .
Such a policy can be revived to its full value within five years from the due date of the first unpaid
premium by paying all due and unpaid policy premiums (along with the interest) to date and by
giving ABSLI satisfactory evidence of insurability in respect of the Life Insured. ABSLI according
to it’s Board approved underwriting policy will decide whether to reinstate the policy to its full
value. The effective date of the revival is when these requirements are met and approved by the
Company as per the Board approved underwriting policy. On the effective date of the revival, all
the benefits will be restored to their full value.
The monthly interest rate charged on unpaid premiums will be declared by ABSLI on June 1st of
each calendar year and is determined as (x+1%)/12 rounded to the next 0.5%, where x is the base
rate of the State Bank of India. The compound interest rate, as declared on June 1st, 2024, is 1% per
month.
Any change in basis of determination of interest rate for revival can be done only after prior
approval of the Authority.
Assignment
Assignment shall be applicable in accordance with provisions of Section 38 of the Insurance Act
1938, as amended from time to time.
Nomination
Nomination shall be applicable in accordance with provisions of Section 39 of the Insurance Act
1938, as amended from time to time.
Fraud and Misstatement

As per the provisions of Section 45 of the Insurance Act, 1938 as amended from time to time. For
more details on Section 45 of the Insurance Act, please refer to our website
https://lifeinsurance.adityabirlacapital.com.
Prohibition of Rebates: Section 41 of the Insurance Act, 1938 as amended from time to time
states:
(No person shall allow or offer to allow, either directly or indirectly, as an inducement to any
person to take or renew or continue an insurance in respect of any kind of risk relating to lives or
property in India, any rebate of the whole or part of the commission payable or any rebate of the
premium shown on the policy, nor shall any person taking out or renewing or continuing a policy
accept any rebate, except such rebate as may be allowed in accordance with the published
prospectuses or tables of the insurer. Any person making default in complying with the
provisions of this section shall be punishable with a fine which may extend to ten lakh rupees.
Important Notes & Disclaimer:

- This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI).
- GST and any other applicable taxes will be added (extra) to your premium/purchase price and
levied as per extant tax laws.
- This brochure contains only the salient features of the plan. It does not purport to be a
contract of insurance and does not in any way create any rights and/or obligations. All the
benefits are payable subject to the terms and conditions of the Policy.
- This product shall also be available for sales through online channel.
- All policy benefits are subject to policy being in force.
- “We”, “Us”, “Our” or “the Company” or “ABSLI” means Aditya Birla Sun Life Insurance Company
Limited.
- “You” or “Your” means the Policyholder.
For other terms and conditions, request Your Agent Advisor or intermediaries for giving a
detailed presentation of the product before concluding the sale. Should you need any further
information from us, please contact us on the below mentioned address and numbers.
About Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited (“ABSLI”) is a part of Aditya Birla Capital Ltd
(“ABCL”). ABSLI was incorporated on August 4th, 2000, and commenced operations on January 17th,
2001. ABSLI is a 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial Inc., an
international financial services organization in Canada.
ABSLI offers a range of products across the customer’s life cycle, including children future plans,
wealth protection plans, retirement and pension solutions, health plans, traditional term plans
and Unit Linked Insurance Plans (“ULIPs”).
As of June 30, 2024, total AUM of ABSLI stood at Rs.90,682 Crore (22% Increase YOY). ABSLI
recorded a gross premium income of Rs.3,986 Crore in Q1 FY25 and registering a y-o-y growth of
28% in Gross Premium with Individual Business FYP with Single Premium at 10% at Rs 644 Crore.
ABSLI has a nationwide distribution presence through 380+ branches, 11 bancassurance partners,
6 distribution channels, over 56000+ direct selling agents, other Corporate Agents and Brokers
through its website. The company has over 25,000 employees and 20.03 lakh active customers.
About Aditya Birla Capital Limited

Aditya Birla Capital Limited (“ABCL”) is the holding company for the financial services businesses
of the Aditya Birla Group. Through its subsidiaries/JVs, ABCL provides a comprehensive suite of
financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse
needs of customers across their lifecycle. Powered by over 50,000 employees, the businesses of
ABCL have a nationwide reach with over 1,505 branches and more than 200,000 agents/channel
partners along with several bank partners.
As of June 30, 2024, Aditya Birla Capital Limited manages aggregate assets under management
of Rs. 4.63 Lakh Crore with a consolidated lending book of Rs 1.27 Lakh Crore through its
subsidiaries/JVs.
Aditya Birla Capital Limited is a part of the US$66 billion global conglomerate Aditya Birla Group,
which is in the league of Fortune 500. Anchored by an extraordinary force of over 187,000
employees belonging to 100 nationalities, the Group is built on a strong foundation of
stakeholder value creation. With over seven decades of responsible business practices, the
Group’s businesses have grown into global powerhouses in a wide range of sectors - from metals
to cement, fashion to financial services and textiles to trading. Today, over 50% of the Group’s
revenues flow from overseas operations that span over 40 countries in North and South America,
Africa, Asia, and Europe.
For more information, visit www.adityabirlacapital.com.

As per section 10(10D) of the Income-tax Act, 1961, proceeds from life insurance policy
issued on or after 1 April 2023 shall be taxable as income from other sources if the
cumulative annual premium payable by taxpayer for life insurance policies exceeds ₹ 5 lacs.
Contact our advisor or visit our website https://lifeinsurance.adityabirlacapital.com to

know more about the various solutions. We provide a wide range of Life Insurance
solutions to cater to your specific protection needs.
Protection Health Children's Retirement Wealth Plans Savings Plans
Plans Plans Future Plans with Protection with Protection
“The 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 Office: One World
Centre, Tower 1, 16 th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg,
Elphinstone Road, Mumbai - 400 013. Customer Helpline Numbers: 1-800-270-7000
Website: https://lifeinsurance.adityabirlacapital.com IRDAI Reg No.109 CIN: U99999MH2000PLC128110
UIN: 109N132V13 ADV/11/24-25/2302
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS

IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public
receiving such phone calls are requested to lodge a police complaint.

ABSLI Guaranteed Annuity Plus V13 Brochure Web Version 4c076905b3

Uploaded by

Copyright:

Available Formats

ABSLI Guaranteed Annuity Plus V13 Brochure Web Version 4c076905b3

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

ABSLI Guaranteed Annuity Plus V13 Brochure Web Version 4c076905b3

Uploaded by

Copyright:

Available Formats

PROTECTING your lifestyle in your

retirement years the way you want it.

KEY BENEFITS OF ABSLI GUARANTEED ANNUITY PLUS

Guaranteed lifelong income: Annuity once purchased is guaranteed for

Option to receive annuity payments as long as You or Your partner are

Wide range of annuity options: Choose from various annuity options to

Wide range of accumulation periods: Choose the accumulation period

Choice of annuity pay-out frequency: You may choose to receive annuity

Type of Plan A non-linked, non-participating, general annuity plan

Coverage All Individuals (Male | Female | Transgender)

Parameters Minimum* Maximum*

Immediate For option 6 and 7: 65 years

Qualifying Recognized Overseas Pension Scheme (QROPS), as

Maturity Age (age

Minimum Group Size

Maximum Group Size

Deferment Period means the period from Date of Commencement

Vesting age 41 years 90 years

Example: If the Annuity is purchased on 24th March 2021, then, in

Policy Term (PT) Whole Life

The annuity payout frequencies available are : Yearly, Half-

Frequency of Annuity Annuity Amount payable

Minimum ` 1,50,000 for Single Pay

Premium Payment Mode Annual Semi-annual Quarterly Monthly

Options Available Single Life Joint Life

2) Annuity Certain for a speciﬁed period and thereafter for Life

3) Life Annuity with Return of Balance of Purchase Price

4) Life Annuity with 50% Annuity payable to Secondary

5) Life Annuity with Return of Purchase Price

6) Life Annuity with enhanced Annuity on Critical Illness/ Accidental

7) Life Annuity with ROP on attainment of Age 80 years Yes No

8) Life Annuity with Partial Return of Purchase Price to

9) Deferred Life Annuity with Return of Premium Yes Yes

10) NPS – Family Income Yes Yes

OPTION 1. LIFE ANNUITY (level /increasing at 3% /increasing at 5%)

Beneﬁt Single Life

Annuity is payable as long as the Annuitant is alive. The Annuitant has

Survival Joint Life

Surrender Not Applicable

Beneﬁt Single Life

The Annuity is guaranteed during the Annuity Certain Period chosen by

Surrender Not Applicable

Beneﬁt Single Life

Annuity is payable as long as the Annuitant is alive. The Annuitant has

On death of the Annuitant, the nominee/legal heir shall be paid a

Surrender Not Applicable

OPTION 4. LIFE ANNUITY WITH 50% ANNUITY PAYABLE TO SECONDARY ANNUITANT ON

Beneﬁt Joint Life

Annuity is payable for as long as the Primary Annuitant is alive.

Surrender Not Applicable

OPTION 5. LIFE ANNUITY WITH RETURN OF PURCHASE PRICE

Beneﬁt Single Life Joint Life

Survival Annuity is payable as long as the Annuity is payable as long as either

On death of the Annuitant, On death of the last surviving

The Policy can be surrendered by the Policyholder/Master

OPTION 6. LIFE ANNUITY WITH ENHANCED ANNUITY ON CRITICAL ILLNESS/ ACCIDENTAL

Beneﬁt Single Life

On Critical On ﬁrst occurrence of any one of the 42 speciﬁed Critical Illnesses or

On death of the Annuitant, a lump-sum amount equal to the Purchase

The policy can be surrendered by the Policyholder/Master