Why buy ABSLI Platinum Gain Plan?
ABSLI Platinum Gain Plan is a unit-linked non-participating individual life insurance plan (ULIP) that gives you risk coverage for the duration of the policy and the freedom to select from 18 fund options and 5 investment strategies, enabling you to fulfil your Life goals with total control over your savings.
Key Features:
Choice of 3 Premium Bands- Choice of Sum Assured Multiple – 7X and 10X.
- Wealth Boosters and Loyalty Additions added periodically to enhance the Fund Value
- Choice of 5 investment strategies and 18 funds to suit your varied investment needs.
Choice of 3 Premium BandsBrochure Policy Contract Leaflet
Five Investment Strategies
Under ABSLI Platinum Gain Plan, you can choose to invest your premiums in one of the five investment strategies.
1. Systematic Transfer Investment Option is an option for individuals who would like to eliminate the need to time one’s investments in the market.
2. Return Optimiser Investment Option is an option for individuals who would like to have optimal participation in the capital markets while safeguarding their returns from any market related volatilities.
3. Self-Managed Investment Option is an option for individuals who would like to have complete control over their investment.
4. Smart Investment Option is an option for individuals who would like to take care of ever-changing financial needs as per their increasing age.
5. Life Cycle Investment Option is an option for individuals who would like to create an ideal balance between equity and debt, based on their age.
Benefits of ABSLI Platinum Gain Plan
ABSLI Platinum Gain Plan offers life cover along with the flexibility to plan finances for your goals.
Death Benefit
In case of Death of the Life Insured anytime during the Policy Term, while all due premiums under the policy have been paid, the nominee/legal heir/Policyholder will be paid the higher of:
Maturity Benefit
On survival of Life Insured up to the end of the Policy Term and provided all due premiums under the policy have been paid or is a Reduced Paid-Up Policy, We shall pay the Fund Value in a lump sum to the customer or as a structured payout using Settlement Option.
Loyalty Additions
Loyalty Additions are benefits added in the form of additional units to the policy which shall be credited only if the policy is still-in-force Loyalty Addition will be calculated as a percentage of Fund Value.
Please refer product brochure for details.
Wealth Boosters
Additional units will be allocated to your Fund starting from the end of 10th policy year and every 5 years thereafter provided the policy is either premium paying or all due premiums under the policy have been paid.
Wealth Boosters will be calculated as a percentage of Fund Value as given below.
Please refer product brochure for details.
Return of Mortalilty and Premium Allocation Charges
At the end of the Policy Term, your Fund Value will be enhanced by adding back an amount equal to the total Mortality Charges and Premium Allocation Charges which were deducted in the policy provided all due premiums have been paid.
Riders
Get Added Protection and Enhance Your Plan by Opting For Riders at a Nominal Cost
(UIN: 109A041V01)
ABSLI Comprehensive Critical Illness Rider
In the unfortunate event that the life insured is diagnosed to be suffering from critical illnesses as mentioned in the Rider brochure
UIN: 109A024V01
ABSLI Accidental Death Benefit Rider Plus
Get additional protection for accident leading to death at a nominal cost.
UIN: 109A039V01
ABSLI Waiver of Premium Rider
We will fund all the future due premiums and all the other benefits will remain unaffected. This benefit is applicable only once during the entire premium paying term.
How does ABSLI Platinum Gain Plan work?
- In case the Life Insured Survives till the end of the Policy Maturity:
- Mr. Sharma aged 35 years purchases ABSLI Platinum Gain Plan with Annualized Premium: Rs. 2,00,000 with premium payment mode: Annual.
- He chooses Premium Payment Term: 10 years and Policy Term: 20 years
- Investment Option: Self-Managed Option, Fund Chosen: Maximizer, Sum Assured Multiple: 10X, Sum Assured: Rs. 20,00,000.
- Mr. Sharma survives the entire policy term.
Plan Finances For Your Life Goals
Buy ABSLI Platinum Gain Plan Now.
| Product Specifications | |
| Type of Plan | A Unit-Linked Non-Participating Individual Life Insurance Savings Plan |
| Coverage | All Individuals (Male | Female | Transgender) |
| Minimum Entry Age (age as on last birthday) | 30 days* |
| Minimum Maturity Age (age as on last birthday) | 18 years |
| Maximum Entry Age (age as on last birthday) | 65 years |
| Maximum Maturity Age (age as on last birthday) | 85 years |
| Minimum Premium | Rs. 2,00,000 |
| Maximum Premium | No Limit (subject to Board Approved Underwriting Policy) |
| Minimum Sum Assured | Rs. 14,00,000 |
| Maximum Sum Assured | No Limit (subject to Board Approved Underwriting Policy) |
| Premium Paying Term (PPT) | Limited Pay: 5 to 12 years Regular Pay: 10 to 20 years |
| Minimum Policy Term | For Regular Pay & 5 to 9 Pay : 10 years For 10 Pay: 11 Years For 11 Pay: 12 Years For 12 Pay: 13 Years |
| Maximum Policy Term | 20 years |
| Premium Payment Mode | Annual | Semi-Annual | Quarterly | Monthly |
| Premium Bands | BandAnnualized PremiumBand 12,00,000 to 4,99,999Band 25,00,000 to 24,99,999Band 325,00,000 and above |
*risk commences from the policy issue date
Suicide Exclusion
In case of death due to suicide within 12 months from the date of commencement of the policy or from the date of revival of the policy, as applicable, the nominee or the beneficiary of the Policyholder shall be entitled to the Fund Value, as available on the date of intimation of death.
Further any charges other than Fund Management Charges (FMC) recovered subsequent to the date of death shall be added back to the Fund Value as available on the date of intimation of death.