ABSLI Platinum Gain Plan

ABSLI Platinum Gain Plan

Why buy ABSLI Platinum Gain Plan?

ABSLI Platinum Gain Plan is a unit-linked non-participating individual life insurance plan that offers both life coverage and investment flexibility. It allows you to choose from 18 fund options and 5 investment strategies to meet your financial goals.  

1. lifeinsurance.adityabirlacapital.com

lifeinsurance.adityabirlacapital.com

Key Features:

• Premium Bands: Choose from 3 premium bands.
• Sum Assured Multiple: Select a sum assured up to 10 times your annual premium.
• Wealth Boosters and Loyalty Additions: Enhance your fund value with periodic additions.
• Investment Flexibility: Choose from 5 investment strategies and 18 funds to match your needs.

Investment Strategies:

• Systematic Transfer Investment Option: Automatically transfer your investments based on market conditions.
• Return Optimizer Investment Option: Balance market participation with risk management.
• Self-Managed Investment Option: Have complete control over your investments.
• Smart Investment Option: Adjust your investments based on your age and financial needs.
• Life Cycle Investment Option: Automatically adjust your investments based on your age.

Benefits of ABSLI Platinum Gain Plan:

• Death Benefit: If the life insured dies during the policy term, we will pay the nominee/legal heir.
• Maturity Benefit: 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 Platinum Gain Plan Works:

• Example: Mr. Sharma, aged 35, purchases ABSLI Platinum Gain Plan with the following details:
  • Annualized Premium: Rs. 2,00,000
  • Premium Payment Mode: Annual
  • Premium Payment Term: 10 years
  • Policy Term: 20 years
  • Investment Option: Self-Managed Option
  • Fund Chosen: Maximizer
  • Sum Assured Multiple: 10X
  • 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: 65 years
• Minimum Maturity Age: 18 years
• Maximum Maturity Age: 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 Payment Term: Limited Pay (5 to 12 years) or Regular Pay (10 to 20 years)
• Minimum Policy Term: Varies based on premium payment term
• Maximum Policy Term: 20 years
• Premium Payment Mode: Annual, Semi-Annual, Quarterly, Monthly
• 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 Platinum Gain Plan. Please refer to the policy document for complete terms and conditions. Sources and related content