Overview:
ABSLI Wealth Aspire Plan is designed to help you achieve your financial goals while providing flexibility in both investment and protection. It allows you to tailor your policy according to your needs, ensuring that you can accumulate wealth and secure your family’s future.
Key Features:
- Flexible Premium Paying Terms: Choose a premium paying term that suits your financial situation.
- Investment Options: Select from 4 different investment options to match your investment strategy.
- Partial Withdrawals: Access your funds in case of emergencies through partial withdrawals.
- Top-Up Contributions: Add extra savings to your policy with top-up premiums whenever needed.
Benefits:
- Wealth Accumulation: Build and grow your wealth over time with flexible investment strategies.
- Family Protection: Secure your family’s financial future with comprehensive coverage options.
- Customization: Tailor your policy to fit your financial goals and lifestyle through various options and features.
How It Works:
1. Plan Options:
- Classic Option: Provides the higher of Sum Assured or Policy Fund Value upon the life insured’s death.
- Assured Option: Pays Sum Assured on death and continues the policy till maturity, with all future premiums paid by the insurer from the Policy Fund Value.
2. Basic Premium:
- Your annual premium amount (excluding taxes, rider premiums, and any extra premiums on riders).
3. Basic Sum Assured:
- Minimum death benefit is 10 times the Annualized Premium.
4. Payment Modes:
- Premiums can be paid monthly, quarterly, semi-annually, or annually.
5. Investment Options:
- Smart Option: Investment alters based on age and risk profile.
- Systematic Transfer Option: Reduces the need to time investments.
- Return Optimiser Option: Balances market participation with return protection.
- Self-Managed Option: Provides control over investment choices.
6. Top-Up Premiums:
- Minimum Rs. 5,000, with total top-ups not exceeding the total basic premiums paid to date. Top-Up Sum Assured is 125% of the top-up premium. Top-ups cannot be withdrawn for five years unless the policy is surrendered.
7. Fund Values:
- Basic Fund Value: Value of units purchased with basic premiums.
- Top-Up Fund Value: Value of units purchased with top-up premiums.
- Policy Fund Value: Total of Basic Fund Value and Top-Up Fund Value.
Eligibility Criteria:
- Entry Age:
- Classic Option: 30 days to 65 years
- Assured Option: 18 to 50 years
- Maturity Age:
- Classic Option: 18 to 75 years
- Assured Option: 28 to 60 years
- Policy Term: 10 to 40 years
- Premium Paying Term: 5 to 40 years
- Minimum Basic Premium:
- Rs. 40,000 (annual mode), Rs. 45,000 (semi-annual mode), Rs. 50,000 (quarterly/monthly mode)
- Rs. 5,00,000 p.a. (for entry age 61-65 years)
- Minimum Sum Assured: Rs. 4,00,000
Suicide Exclusion:
In case of death due to suicide within 12 months of the policy commencement or revival, the nominee will receive the Policy Fund Value as of the date of death. Any charges other than Fund Management Charges (FMC) recovered after death will be added back to the Policy Fund Value.
Brochure and Policy Contract:
- Download Brochure: For detailed information.
- Policy Contract: Review the complete terms and conditions.
Buy ABSLI Wealth Aspire Plan:
Create wealth and protect your dreams with ABSLI Wealth Aspire Plan. Buy Online for a customized financial solution that aligns with your goals.