ABSLI Wealth Aspire Plan
Why buy ABSLI Wealth Aspire Plan?
ABSLI Wealth Aspire Plan is a unit-linked non-participating individual life insurance savings plan that offers both wealth growth and life insurance protection. It allows you to create wealth while safeguarding your family’s future.
Key Features:
- Flexibility: Choose from various plan options, premium paying terms, investment options, and partial withdrawal options.
- Top-Ups: Add funds to your policy as needed.
Benefits of ABSLI Wealth Aspire 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.
- Maturity Benefits: Receive the Fund Value at the end of the policy term.
- 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 Aspire Plan Works:
- Choose Plan Option: Select Classic or Assured option.
- Basic Premium: Pay a regular annual premium.
- Basic Sum Assured: The minimum death benefit payable.
- Pay Mode: Choose monthly, quarterly, semi-annual, or annual payments.
- Investment Options: Select from Smart, Systematic Transfer, Return Optimizer, or Self-Managed options.
- Top-Ups: Add funds to your policy as needed.
Eligibility Criteria:
- Entry Age: 30 days to 65 years
- Premium Payment Term: Varies based on plan option and entry age
- Minimum Premium: Rs. 40,000 p.a. (annual), Rs. 45,000 p.a. (semi-annual), Rs. 50,000 p.a. (quarterly/monthly)
- Minimum Sum Assured: Rs. 4,00,000
- 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 Aspire Plan. Please refer to the policy document for complete terms and conditions.