ABSLI Vision Endowment Plus Plan

Secure your life goals with added benefit of bonus

ABSLI Vision Endowment Plus Plan

All You Need To Know

Age limit

Entry age from 30 days* – 60 years and maximum age at maturity is 70 years (*Risk commences when the life insured attains age 1)

Policy term

10-40 years


Premium Paying Term - 7| 10 | 15| 20 years | Regular Pay

Minimum Premium - 2,495p.a..

Minimum Sum Assured - 100,000

Premium Frequency

Annual, Semi-annual, Quarterly & Monthly

Sum Assured Bands

Your premiums depend on sum assured bands as under:

Sum Assured Band*

Band 1

Band 2Band 3Band 4

Sum Assured (INR)

100,000 to 199,999

200,000 to 399,999400,000 to 799,999800,000 +

Death Benefit

In the event of a death nominee receive the sum assured on death, accrued regular bonuses and terminal bonus (if any) according to the below options

Option A - Sum Assured on Death is maximum of 100% of Sum Assured or Maturity Sum Assured (1) or 10 times the annual premium payable.

Option B - Sum Assured on Death is maximum of 150% of Sum Assured or Maturity Sum Assured (1) or 10 times the annual premium payable

Maturity Bonus

Receive sum assured, accrued bonuses and terminal bonuses (if any) at the end of policy term

Additional benefits

Receive accrued regular bonuses from the first policy year

Receive terminal bonus on maturity

Surrender your policy in case of an emergency


Add riders for a nominal extra cost and get extra protection

ABSLI Accidental Death and Disability Rider (UIN: 109B018V03)

ABSLI Critical Illness Rider (UIN: 109B019V03)

ABSLI Surgical Care Rider (UIN: 109B015V03)

ABSLI Hospital Care Rider (UIN: 109B016V03)

ABSLI Waiver of Premium Rider (UIN: 109B017V02)

ABSLI Accidental Death Benefit Rider Plus (UIN: 109B023V01)


  • How does this plan work?
    Below are the steps depicting how the plan works:
    STEP 1: Choose your sum assured
    STEP 2: Choose your premium paying term
    STEP 3: Choose your policy term
    STEP 4: Choose the Death Benefit Option
    Your premium will depend on the amount of the Sum Assured you select.

  • Who should buy Vision Endowment Plus plan?
    ABSLI Vision Endowment Plus Plan is suitable for persons who want to have secured savings and provide their family with comprehensive financial protection for longer durations.

  • Do I need to pay tax on this policy?
    As per extant tax laws, this plan offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961, subject to fulfillment of the other conditions of the respective sections prescribed therein.

    Tax benefits are subject to changes in tax laws You are advised to consult your tax advisor for details.

  • What are the eligibility criteria for this plan?

    Eligibility Criterion

    Entry Age (age last birthday)

    30 days* – 60 years (subject to maximum maturity age of 70 years )

    Policy Term

    10 – 40 years

    Premium Paying Term

    7 | 10 | 15| 20 years | Regular Pay

    Minimum Sum Assured

    Rs. 1,00,000

    Minimum Premium

    Rs. 2,495 p.a.

    Premium Frequency

    Annual, Semi-annual, Quarterly and Monthly

    *Risk commences from the first policy anniversary.
  • What happens if I stop paying my premiums?
    If you discontinue paying premiums aſter having paid for at least two full policy years, your policy will not lapse but will continue on a Reduced Paid-Up basis. Under Reduced Paid-Up, your sum assured and sum assured on maturity shall be reduced in proportion to the number of premiums actually paid to the total premiums payable during the premium paying term

  • What is the amount I will get after the policy gets matured?
    In the event the life insured survives to the end of the policy term i.e. the policy gets matured,

    we shall pay to you
  • Sum Assured on maturity (1)
  • Accrued bonuses till date plus
  • Terminal bonus (if any)

    The policy shall be terminated once the maturity benefit is paid

    (1) where Sum Assured on maturity is equal to total premiums paid

  • Can I cancel the policy after buying?
    You will have the right to return your policy to us within 15 days (30 days in case the policy is issued under the provisions of IRDAI Guidelines on Distance Marketing of Insurance products) from the date of receipt of the policy. We will refund the premium paid once we receive your written notice of cancellation (along with reasons thereof) together with the original policy documents. We will deduct proportionate risk premium for the period of cover and expenses incurred by us on medical examination and stamp duty charges while issuing your policy.

  • Can I surrender my policy during the policy term?
    Yes, your policy will acquire a surrender value aſter all due premiums for at least two full policy years, are paid. The Guaranteed Surrender Value is a percentage of Total premiums paid plus the surrender value of accrued regular bonuses. The Guaranteed Surrender Value will vary depending on the premium paying term and the year the policy is surrendered.


HDFC Bank Limited (IRDAI Registration No: CA0010) is the Corporate Agent of Aditya Birla Sun Life Insurance Company Limited and does not underwrite the risk or act as an insurer.

Registered Address: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Participation by the Bank’s clients in the Insurance products is purely on a voluntary basis. The contract of Insurance is between Aditya Birla Sun Life Insurance Company Limited and the Insured and not between HDFC Bank and the Insured.

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a traditional participating endowment plan. All terms & conditions are guaranteed throughout the policy term. GST and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. For more details on risk factors, terms and conditions, please refer to the sales brochure before concluding the sale. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. The insurance cover for the life insured will commence on the policy issue date. For further details, please refer to the policy contract. Tax benefits are subject to changes in the tax laws. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale. Aditya Birla Sun Life Insurance Company Limited. Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. IRDAI reg no.109 CIN: U99999MH2000PLC128110 UIN: 109N092V04. Toll Free No. 1800 270 7000. ADV/12/19-20/1363


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

“As per recent changes in section 10(10D) of Income Tax Act, where the amount of aggregate annual premium payable in the financial year in case of Traditional plans (all non-unit linked plans except Annuity, Pension and Pure Risk Plans) issued on or after 1st April 2023 exceeding INR 5,00,000 the benefits of the policy/policies shall not be eligible for exemption under section 10(10D) except in case of death”. The customer is requested to seek advice of a tax advisor with respect to his/her personal tax liabilities under the Indian Income-tax law."