ABSLI Wealth Infinia

ABSLI Wealth Infinia

Why buy ABSLI Wealth Infinia?

ABSLI Wealth Infinia is a unit-linked non-participating individual life insurance savings plan that offers both life coverage and investment flexibility. It allows you to choose from 16 fund options and 5 investment strategies to meet your financial goals.

Key Features:

• Plan Variants: Choose between Milestone Variant (coverage till 85) and Legacy Variant (coverage till 100).
• Wealth Boosters and Loyalty Additions: Enhance your fund value with periodic additions.
• Return of Charges: Enjoy a return of mortality and premium allocation charges at maturity.
• Systematic Withdrawals: Access funds for recurring expenses.

Benefits of ABSLI Wealth Infinia:

• Death Benefit: If the life insured dies during the policy term, we will pay the nominee/legal heir.
• Maturity Benefits: If the life insured survives to the end of the policy term, a maturity benefit will be paid.
• Loyalty Additions: Receive additional units to your policy based on fund value.
• Wealth Boosters: Receive additional units to your policy based on fund value.
• Return of Charges: Enjoy a return of mortality and premium allocation charges.

Riders:

• ABSLI Comprehensive Critical Illness Rider: Get a lump sum benefit upon diagnosis of a critical illness.
• ABSLI Accidental Death Benefit Rider Plus: Receive a lump sum benefit in case of accidental death.
• ABSLI Waiver of Premium Rider: Waive future premiums in case of disability or critical illness.

How ABSLI Wealth Infinia Works:

• Example: Mr. Sharma, aged 35, purchases ABSLI Wealth Infinia (Milestone Variant) with the following details:
  • Annualized Premium: Rs. 2,00,000
  • Premium Payment Term: 10 years
  • Policy Term: 20 Years
  • Investment Option: Self-Managed Option
  • Fund Chosen: Maximizer
  • Premium Payment Mode: Annual
  • Sum Assured: Rs. 20,00,000

Eligibility Criteria and Specifications:

• Type of Plan: Unit-Linked Non-Participating Individual Life Insurance Savings Plan
• Coverage: All Individuals (Male, Female, Transgender)
• Minimum Entry Age: 30 days
• Maximum Entry Age: Varies based on plan variant (Milestone: 65 years, Legacy: 45-65 years)
• Minimum Maturity Age: 100 years (Legacy Variant) or 85 years (Milestone Variant)
• Minimum Premium: Single Premium: Rs. 5,00,000; Limited Pay/ Regular Pay: Rs. 2,00,000
• Maximum Premium: No Limit (subject to Board Approved Underwriting Policy)
• Minimum Sum Assured: Single Premium: Rs. 6,25,000; Limited Pay/ Regular Pay: Rs. 14,00,000
• Maximum Sum Assured: No Limit (subject to Board Approved Underwriting Policy)
• Premium Payment Term: Single Pay (Legacy Variant & Milestone Variant) or Limited Pay/ Regular Pay (Milestone Variant)
• Minimum Policy Term: 100 years minus entry age (Legacy Variant) or 10 years (Milestone Variant)
• Maximum Policy Term: 100 years minus entry age (Legacy Variant) or 30 years (Milestone Variant)
• Premium Payment Mode: Annual, Semi-Annual, Quarterly, Monthly, Single
• Premium Bands:
  • Band 1: Rs. 2,00,000 to 4,99,999
  • Band 2: Rs. 5,00,000 to 24,99,999
  • Band 3: Rs. 25,00,000 and above

Suicide Exclusion: In case of death due to suicide within 12 months of policy commencement or revival, the nominee will receive the Fund Value, subject to certain conditions.

For more details, visit https://lifeinsurance.adityabirlacapital.com/.

Note: This is a summary of ABSLI Wealth Infinia. Please refer to the policy document for complete terms and conditions.