ABSLI Group Smart Select Plan provides comprehensive coverage to safeguard the financial future of your members against the burden of loans. This plan ensures that the family of a member is protected from the financial stress of repaying a loan if the member is no longer around.
Key Features:
- Multiple Coverage Options: Choose from various coverage options tailored to different needs.
- Coverage for Multiple Co-Borrowers: Includes coverage for multiple co-borrowers, ensuring broader protection.
- All Loan Products Covered: Applicable for all types of loan products.
- Flexible Cover Options:
- Level Cover: Fixed sum assured throughout the term.
- Reducing Cover: Sum assured decreases in line with the reduction in the outstanding loan balance.
Plan Options:
- Level Cover
- Reducing Cover
Benefits:
- Enhanced Cushion:
- Option to increase the sum assured up to 125% of the loan amount, providing extra financial security.
- Enhanced Benefits Through Options:
- Access to additional benefits by selecting from a range of inbuilt options.
- Multiple Plan Combinations:
- Customize your coverage with various plan combinations to fit your specific needs.
Eligibility:
- Details on eligibility criteria are specified in the plan documentation.
Additional Resources:
For more information and to explore how this plan can benefit you and your members, please download the brochure or visit our website.