ABSLI Wealth Assure Plus

ABSLI Wealth Assure Plus

Why buy ABSLI Wealth Assure Plus?

ABSLI Wealth Assure Plus is a unit-linked non-participating individual life insurance savings plan that offers both wealth growth and life insurance protection. It allows you to invest in various fund options and strategies while safeguarding your future.

Key Features:

• Return of Charges: Enjoy a return of premium allocation and mortality charges.
• Systematic Withdrawals: Access funds for recurring expenses.
• Wealth Boosters and Loyalty Additions: Enhance your fund value with periodic additions.
• Investment Flexibility: Choose from 5 investment strategies and 16 funds.

Plan Options:

• Classic Option: Provides a death benefit and maturity benefit.
• Assured Option: Offers a guaranteed death benefit and maturity benefit.

Investment Options:

• Smart Investment Option: Automatically adjust your investments based on your age and financial needs.
• 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.

Benefits of ABSLI Wealth Assure Plus:

• 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.
• Waiver of Premium: If the life insured suffers from a critical illness or total and permanent disability, we will waive future premiums (Assured Option only).
• Maturity Benefit: If the life insured survives to the end of the policy term, a maturity benefit will be paid.
• Surrender Benefit: You can surrender your policy at any time during the policy term.
• Customizable Benefits: Enhance your coverage with additional riders.

Riders:

• ABSLI Accidental Death Benefit Rider Plus: Get additional protection for accidental death.
• ABSLI Waiver of Premium Rider: Waive future premiums in case of disability, death, or specified major illnesses.

How ABSLI Wealth Assure Plus Works:

• Example: Mr. Sharma, aged 35, purchases ABSLI Wealth Assure Plus with the following details:
  • Plan Option: Classic
  • Annualized Premium: Rs. 2,00,000
  • Premium Payment Term: 10 years
  • Policy Term: 20 Years
  • Investment Option: Self-Managed Option
  • Fund Chosen: Maximizer

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 (Classic: 65 years, Assured: 45-65 years)
• 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 Assure Plus. Please refer to the policy document for complete terms and conditions.