Why Buy ABSLI DigiShield Plan?
The ABSLI DigiShield Plan offers a versatile term insurance solution designed to provide comprehensive financial protection to your loved ones, regardless of your life stage or financial needs. Here’s why this plan stands out:
Key Features:
- 10 Plan Options: Choose from 10 different options to find the coverage that best fits your needs.
- Coverage Up to 100 Years: Enjoy comprehensive coverage that extends up to 100 years of age.
- Flexible Death Benefit Payouts: Options for monthly, lump sum, or a combination of both, allowing you to tailor the benefit to your family’s needs.
- Monthly Income for Retired Life: Option to receive a monthly income for a secure retirement, along with a survival benefit for peace of mind after age 60.
Benefits of ABSLI DigiShield Plan:
- Wide Range of Plan Options: Select from various options to suit different needs and life stages.
- Comprehensive Coverage: Ensures financial stability for your family in case of your untimely demise.
- Customizable Payouts: Flexibility in choosing how the death benefit is paid out.
- Retirement Income: Provides an option for a steady income post-retirement, adding an extra layer of financial security.
How Does the ABSLI DigiShield Plan Work?
Consider the example of Priya, a 35-year-old who chose the ABSLI DigiShield Plan with a sum assured of ₹1 crore. With a policy term and premium payment term of 50 years, Priya ensures her son’s financial security. Unfortunately, Priya passes away at 60 years, and her son receives ₹1 crore as a lump sum, providing financial stability during a difficult time.
Eligibility Criteria:
- Entry Age:
- Plan Options 1, 2, 3, 6, 7, 8, 10: 18 to 65 years
- Plan Options 4, 5: 45 to 65 years
- Plan Option 9: 18 to 50 years
- Maximum Maturity Age:
- Plan Options 1, 2, 3, 6, 7, 9, 10: 85 years
- Plan Options 4, 5: 100 years
- Plan Option 8: 69 years
Policy Term & Premium Payment Term:
- Plan Options 1, 2, 3, 6, 7: Single Pay, Limited Pay, Regular Pay
- Plan Options 4, 5: Single Pay, Limited Pay
- Plan Option 8: Single Pay, Regular Pay
- Plan Option 9: Single Pay, Limited Pay
- Plan Option 10: Regular Pay
Sum Assured:
- For Plan Options 1, 2, 3, 4, 5, 6, 7, 9, 10: Minimum ₹30 Lakh; No Maximum Limit
- For Plan Option 8: Minimum ₹1 Lakh; Maximum ₹20 Lakh
Exclusions:
- Pre-existing Conditions: Not covered if diagnosed 48 months prior to policy issuance.
- Self-inflicted Injuries: No Terminal Illness Benefit for self-inflicted injuries or suicide attempts.
- Critical Illness or Accidental Death: Not covered if due to alcohol consumption, hazardous activities, acts of war, or childbirth.
- Lifestyle Diseases: Not covered if due to lifestyle choices.
The ABSLI DigiShield Plan provides extensive options and flexibility to ensure that you can tailor your coverage to meet your needs and those of your family, giving you peace of mind that your loved ones will be financially secure.