ABSLI Wealth Secure Plan
Why buy ABSLI Wealth Secure Plan?
ABSLI Wealth Secure Plan is a unit-linked non-participating individual life insurance savings plan that offers both life coverage and investment flexibility. It combines long-term savings with whole-life protection.
Key Features:
- Limited Premium Payment: Pay premiums for a limited term and get lifetime coverage.
- Investment Flexibility: Choose from 3 investment options.
- Top-Ups: Add funds to your policy as needed.
- Partial Withdrawals: Access funds for emergencies.
Benefits of ABSLI Wealth Secure Plan:
- Guaranteed Additions: Receive additional units to your policy based on fund value.
- Death Benefit: If the life insured dies during the policy term, we will pay the nominee/legal heir.
- Surrender Benefit: You can surrender your policy at any time during the policy term.
- Riders: Enhance your coverage with additional riders.
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 Secure Plan Works:
- Example: Mr. Vora, aged 35, purchases ABSLI Wealth Secure Plan with the following details:
- Annualized Premium: Rs. 1,00,000
- Premium Payment Term: 10 years
- Investment Option: Self-Managed Option
- Fund Chosen: Maximizer
Eligibility Criteria:
- Entry Age: 30 days to 65 years
- Premium Payment Term: Varies based on entry age
- Maximum PPT: Attained age at the end of premium paying term must be 75 years or less
- Basic Premium: Minimum Rs. 30,000 p.a. (annual/semi-annual), Rs. 60,000 p.a. (monthly/quarterly)
- Top-Up Premium: Minimum Rs. 5,000
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 Secure Plan. Please refer to the policy document for complete terms and conditions.