ABSLI Salaried Suraksha ULIP
Why buy ABSLI Salaried Suraksha ULIP?
ABSLI Salaried Suraksha ULIP is a unit-linked non-participating individual life insurance savings plan that offers both wealth growth and life insurance protection. It provides market-linked returns while safeguarding your loved ones.
Key Features:
- Sum Assured Multiple: Choose a sum assured up to 125 times your annual premium.
- Return of Charges: Enjoy a return of 2 times premium allocation and mortality charges.
- Investment Flexibility: Select from 5 investment strategies and 18 funds to match your needs.
- Enhanced Protection: Add Comprehensive Critical Illness Rider, Accidental Death Benefit Plus Rider, and Waiver of Premium Rider for added coverage.
- Tax Benefits: Potentially enjoy tax benefits on premiums paid and benefits received.
Benefits of ABSLI Salaried Suraksha ULIP:
- 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.
- Return of Charges: Enjoy a return of 2 times premium allocation and mortality charges.
- Riders: Enhance your coverage with additional riders like Comprehensive Critical Illness Rider, Accidental Death Benefit Plus Rider, and Waiver of Premium Rider.
How ABSLI Salaried Suraksha ULIP Works:
- Example: Mr. Agnihotri, aged 35, purchases ABSLI Salaried Suraksha ULIP with the following details:
- Sum Assured: Rs. 1,00,00,000
- Sum Assured Multiple: 100X
- Annualized Premium: Rs. 1,00,000
- Premium Payment Term: 12 years
- Policy Term: 30 years
- Investment Option: Self-Managed Option
- Fund Chosen: Maximizer
- Premium Payment Mode: Annual
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: 18 Years
- Maximum Entry Age: 50 years
- Maximum Maturity Age: 75 years
- Minimum Premium: As per minimum Sum Assured
- Maximum Premium: No Limit (subject to Board Approved Underwriting Policy)
- Minimum Sum Assured: Rs. 50,00,000
- Maximum Sum Assured: No Limit (subject to Board Approved Underwriting Policy)
- Premium Payment Term: 6, 8, 10, or 12 Years
- Policy Term: 15, 20, 25, 26, 27, 28, 29, or 30 Years
- Premium Payment Mode: Annual
- Sum Assured Bands:
- Band 1: Rs. 150,00,000 to 74,99,999
- Band 2: Rs. 75,00,000 to 99,99,999
- Band 3: Rs. 1,00,00,000 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 Salaried Suraksha ULIP. Please refer to the policy document for complete terms and conditions.