All About ABSLI Vision Star Plan

Vision Star Plan offered by Aditya Birla Sun Life Insurance is a non-linked, participation insurance plan that allows you to grow your corpus for your child’s brighter future. This plan provides an assured payout from the fifth policy year, which can help you fund your child’s education and ensure financial security of your child in your absence. ABSLI also allows growth of your corpus through bonus accumulation. Under this plan you can also avail maturity benefit, in case you survive the entire policy tenure. You can also enhance the base coverage of this plan by choosing from different rider options available under this plan. 

Features of ABSLI Vision Star Plan

Below listed are some salient features of ABSLI Vision Star Plan:

• Provides financial assistance in difficult situations such as unforeseen demise of the life assured
• Provides assured payouts from the fifth policy term
• Offers maturity benefit in case the policy holder survives the entire policy term
• Flexibility to choose the premium payment term and policy term
• Allows wealth appreciation via bonus accumulation

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Benefits of ABSLI Vision Star Plan

Below mentioned are benefits of ABSLI Vision Star plan:

1. ABSLI Vision Star plan provides a death benefit in case of an unforeseen demise of the life assured during the policy tenure. This plan provides financial assistance to the family of the life assured in difficult situations such as the unfortunate demise of the life assured during the policy term.
2. This plan provides assured payouts from the fifth policy term of the plan, the assured payout at a pre-fixed percentage of the sum assured. These assured payouts can help you fund your child’s education and other expenses at different milestones of your child’s life. 
3. ABSLI Vision Star plan allows wealth appreciation through bonus accumulation declared upon the policy at the end of each policy year. 
4. Under ABSLI Vision Star plan provides maturity benefit at the end of the policy term, in case the life assured has survived the entire policy term. The maturity benefit shall be provided with accrued bonuses till the end of policy term and terminal bonus (if any). 
5. The life assured can add riders to ABSLI Vision Star plan, to enhance the coverage. Different rider options available under this plan are ABSLI Death and Disability Rider, ABSLI Surgical Care Rider, ABSLI Critical Illness Rider, ABSLI Hospital Care Rider, ABSLI Waiver of Premium Rider and ABSLI Death Benefit Rider Plus. 

Eligibility Criteria of ABSLI Vision Star Plan 

Following is the eligibility criteria for ABSLI Vision Star plan: 

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.