Why Buy ABSLI Nishchit Pension Plan?
The ABSLI Nishchit Pension Plan is designed to provide you with a reliable retirement income and life insurance cover. It ensures that you can enjoy your retirement without financial worries by accumulating a guaranteed corpus and receiving regular payments.
Key Features:
- Fully Guaranteed Corpus: Accumulate a guaranteed corpus by the time you retire, which ensures a regular income during your retirement years.
- Guaranteed Additions: Earn guaranteed additions periodically during the policy term to enhance your retirement corpus.
- Loyalty Addition: Receive a Loyalty Addition at the end of the policy term, boosting your corpus further if all premiums are paid.
- Customizable Premium Payment Terms: Choose between various premium payment terms – invest for the entire policy term or for a limited period based on your financial situation.
- Life Insurance Cover: Provides financial protection for your loved ones, equal to the total premiums paid and accumulated at a fixed percentage during the policy term.
- Flexibility to Defer Vesting Benefit: You can defer your Vesting Benefit by up to 10 years, ensuring that your retirement planning aligns with your life goals.
Benefits of ABSLI Nishchit Pension Plan:
- Regular Income: Secures a regular income during retirement, allowing you to enjoy your golden years without financial stress.
- Flexible Investment Options: Allows you to tailor the plan according to your financial needs and goals.
- Financial Protection: Offers life insurance cover to protect your family in case of unforeseen events.
Eligibility Criteria:
- Type of Plan: Non-Linked Non-Participating Individual Pension Plan
- Coverage: Available to all individuals (Male, Female, Transgender)
- Premium Payment Term (PPT) & Policy Term (PT):
- PPT: Minimum of 5 years, Maximum of 10 years
- Policy Term: (PPT + 5) years, Maximum of 35 years
- Age of the Life Insured:
- Entry Age: Minimum 30 years, Maximum 70 years
- Vesting Age: Minimum 45 years, Maximum 75 years
- Minimum Annualized Premium: ₹20,000
- Maximum Annualized Premium: No limit (subject to Board Approved Underwriting Policy)
- Premium Payment Frequency: Annual, Semi-annual, Quarterly, Monthly
How It Works:
Use Case 1:
- Example: Mr. Khanna, aged 35, invests ₹100,000 annually in the ABSLI Nishchit Pension Plan.
- Policy Details: Vesting Age at 60 years, Policy Term of 25 years, Premium Paying Term of 10 years.
- Outcome: Upon surviving the policy term, Mr. Khanna receives the Vesting Benefit as per the available options.
What’s Not Covered:
- Suicide Exclusion: In the event of death due to suicide within 12 months from the commencement of risk or revival of the policy, the nominee/legal heirs will receive the higher of total premiums paid or surrender value available on the date of death, provided the policy is in force.
Ready to Invest?
To secure your future and enjoy a guaranteed regular income during retirement, consider investing in the ABSLI Nishchit Pension Plan. For more information, you can download the brochure, view the policy contract, or leaflets.
Buy Now: Ensure your retirement is financially secure with the ABSLI Nishchit Pension Plan.