ABSLI Nishchit Aayush Plan — Full Review, Real Examples & Who Should Buy It

Quick take

ABSLI Nishchit Aayush Plan is a non-linked, non-participating savings + life-cover insurance plan that offers guaranteed regular income (from year 1–6 depending on your choice) plus a guaranteed lump-sum at maturity — with several income variants and real case studies in the brochure so you can match a variant to a goal.

If you prefer watching instead of reading, we’ve also explained how this plan works in a short video — covering the same benefits, examples, and who it suits.
👉 Watch the video here: ABSLI Nishchit Aayush Plan Review

Who is this article for?

ABSLI Nishchit Aayush Plan is most relevant to:

• Working professionals (30–55) who want a predictable, guaranteed income for future milestones (education, mortgage, lifestyle).
• Parents saving for a child’s education/wedding who prefer guaranteed payouts over market-linked returns.
• People seeking combined life cover + guaranteed savings (not investors chasing equity-like returns).

How does ABSLI Nishchit Aayush Plan work?

1. Pick benefit type: Long Term Income (income for a fixed term) or Whole Life Income (income up to a later age).
2. Choose income variant: Level Income (with lump sum), Level Income with Enhanced Lumpsum, Increasing Income (5% simple every 5 years), Level Income with Return of Premium, or Income Only.
3. Pick premium/payment term & policy term (multiple PPT/PT combos are allowed).
4. Choose income start (deferment): you can start income from policy year 1 up to year 6 — longer deferment → higher effective value.
5. Decide payout frequency: annual (advance or arrears), semi-annual, quarterly, or monthly (monthly = 8% of annual income factor).

Everything above is guaranteed only if all due premiums are paid.

Key features you must know

• Guaranteed regular income (Survival Benefit): Paid during policy term according to the Income Variant you choose. Frequency choices let you get monthly/quarterly/annual streams.
• Guaranteed Lump Sum at maturity (GLB): GLB = Total premiums paid × Lump-sum factor. If you pay all premiums, GLB is enhanced by 100% (i.e., it doubles). That’s a material benefit to note.
• Death benefit: Higher of Sum Assured on Death or Surrender Value. You can choose Sum Assured Multiple (5×, 7×, 10× annual premium).
• Staggered death option: Nominees can take the death benefit as instalments (annual or monthly). The brochure lists instalment rates (annual 21.80% per year for 5 years; monthly 1.855% each month — totalling 109% / 111.3% depending on mode).
• High entry ages: available up to 65 years (useful if you’re planning late).
• Loan & surrender: policy loan allowed after the first policy year (up to 80% of surrender value); surrender value rules and Guaranteed Surrender Value formula are in the policy contract.

The important numbers — income factors & payout frequency

Income is expressed as a % of Annualised Premium and varies by variant, PPT, PT, age and sum-assured multiple. The brochure includes sample income factors — e.g., for certain sample ages, the Level Income with Lump sum Benefit shows ~32–37% of AP as the annual income factor for many combos (see the income factor tables). Use the benefit illustration the insurer gives you to get your exact factor.

Also note payout frequency multipliers:

• Monthly = 8% of the annual income factor per month
• Quarterly = 24.25% per quarter
• Semi-annual = 49% per half year
• Annual in advance ≈ 93.02% (of annual in arrears factor) — so frequency changes matter.

Real examples from the Product Brochure

The brochure’s case studies are gold — they show exact payouts for a ₹1,00,000 p.a. premium, PPT 10 years and various PTs. Below are compact, human-friendly summaries (I kept the brochure’s numbers).

Case: Level Income with Enhanced Lump sum (Whole Life Income) — Mr Sumit (age 40, ₹1,00,000 p.a., PPT 10y, PT 60):

• Annual guaranteed income shown ~34,150 p.a. (≈ 34.15% of AP). Total income until maturity and the maturity lump sum add up to several times the paid premiums in the brochure examples. ABSLI Nishchit Aayush Plan Broc…

Case: Level Income with Lump sum (Long Term Income) — Mr Akshay (age 40, ₹1,00,000 p.a., PPT 10y, PT 40):

• Annual income ~34,800 p.a. (≈ 34.8% of AP). Maturity guaranteed lump sum is GLB (factor × total premiums), and the brochure shows GLB enhancement doubling if all premiums are paid.

Case: Income Only & Return of Premium variants — Mr Anil / Mr Sunil / Mr Ravi — examples show income factors increasing with higher sum-assured multiples (e.g., a 7× SA gives higher income %) and demonstrate the tradeoff between income % and insured cover. Use these scenarios as direct comparisons when you decide which variant to pick.

Takeaway: brochure scenarios show annual income factors in the low-to-mid 30% range of AP for many combos — realistic customer IRR is therefore conservative (guarantees ≠ equity returns). Always run your own benefit illustration for the exact IRR/Give-Get numbers.

Pros & Cons

Why buy it

• Predictable, guaranteed income streams (good for milestones). ABSLI Nishchit Aayush Plan Broc…
• Useful built-in options: deferment choices, income variants, staggered death option — flexible to match many goals. ABSLI Nishchit Aayush Plan Leaf…
• Doubling of GLB on full premium payment is a clear, simple benefit to factor into long-term math. ABSLI Nishchit Aayush Plan Poli…

Why you might not buy it

• If you want higher market returns or liquidity, guaranteed savings plans typically deliver lower returns than equities. The brochure’s sample IRRs are conservative. ABSLI Nishchit Aayush Plan Broc…
• Early surrender reduces value — the product rewards holding to maturity or long income periods. Check surrender tables carefully.

How to pick the right variant?

1. Goal = lump sum at a future date (college, wedding)? — Level Income with Lump sum Benefit or Wealth for Milestones equivalent (uses GLB). See case studies for lump-sum sizes.
2. Goal = fixed-term income (e.g., 10–20 years)? — Long Term Income + Level Income or Return of Premium variant. Use the brochure scenarios to compare income % vs maturity.
3. Goal = lifelong income/retirement? — Whole Life Income or Increasing Income variant is relevant (increasing income option raises income by 5% every 5 years).
4. Need protection for family if you die? — Choose appropriate Sum Assured Multiple (5, 7 or 10×) and consider staggered death payout if nominee cashflow matters.

Checklist — what to verify on your benefit illustration

• Exact income factor for your age, PPT, PT and sum-assured multiple. (This drives your actual cashflow.)
• GLB Lumpsum Factor and whether the “100% enhancement on full premiums” applies to your chosen variant.
• Surrender/paid-up rules and guaranteed surrender factors (Annexure/GSV).
• Death benefit multiple option and any rider costs (Accident/Critical Illness, Waiver of Premium).
• Payout frequency (monthly vs annual) because it materially changes cashflow.

FAQs

Final Word — Should You Choose ABSLI Nishchit Aayush Plan?

ABSLI Nishchit Aayush Plan is not a “get-rich” product — it’s a get-certain product.

If you’re someone who lies awake thinking,

“When that fee or milestone comes, will I definitely have the money?”

…then this plan speaks your language.

What makes ABSLI Nishchit Aayush Plan attractive is the clarity:
✔ You know when income starts
✔ You know how often you’ll receive it
✔ You know there’s a lump sum waiting at the end
✔ And your family is protected if life throws a curveball

It rewards the person who sticks with it — because guarantees only shine when you hold them long enough.

On the other hand, if you’re chasing maximum growth, flexibility, or liquidity, this is not your match. A mutual fund SIP or market-led plan will almost always beat it on returns — but never on certainty.

So ask yourself just one question:

Do I value knowing for sure — more than maybe earning more?

If yes — Nishchit Aayush fits beautifully.
If not — explore investments first, insurance second.

Either way, make a choice your future-self will thank you for.

Got more questions? Don’t hesitate to reach out! We’re here to help you get personalised guidance.

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This blog post references content from the official ABSLI Nishchit Aayush Plan brochure and policy contract to ensure factual accuracy.

Sources Referenced

ABSLI Nishchit Aayush Plan Leaflet
ABSLI Nishchit Aayush Plan Brochure
ABSLI Nishchit Aayush Plan Policy Contract
ABSLI Nishchit Aayush Plan CIS

About the Author:

Mandar P is the founder of Secure My Wish and brings over two decades of experience in the personal finance space. He’s certified as a POSP under IRDAI and also holds AMFI certification for mutual fund distribution.

Disclaimer:

This article provides general information only and does not constitute financial advice. Financial regulations, product terms, and industry guidelines are revised from time to time. While we have made efforts to ensure the accuracy of the information presented, we do not guarantee its completeness or accuracy. We disclaim any liability for loss or damage arising from actions taken based on the information provided in this article. To make informed financial decisions, please do your own research and consult with a qualified financial professional.