ABSLI Wealth Smart Plus

ABSLI Wealth Smart Plus

Why buy ABSLI Wealth Smart Plus?

ABSLI Wealth Smart Plus is more than just an insurance plan; it’s a comprehensive financial solution designed to meet your diverse investment and protection needs. This unit-linked non-participating individual life insurance savings plan empowers you to build wealth strategically. Whether your goal is retirement income, your children’s education, or personal financial milestones, this plan offers flexibility and features to support your aspirations.

Key Features:

• Plan Options: Choose between Smart Life (coverage till 75) and Whole Life (coverage till 100).
• Zero Charges: Enjoy zero premium allocation and policy administration charges throughout the policy term.
• Investment Flexibility: Select from 5 investment strategies and 19 funds to match your needs.
• Systematic Withdrawals: Regularly withdraw from your fund value for recurring expenses.
• Partial Withdrawals: Access funds for emergencies.
• Tax Benefits: Potentially enjoy tax benefits on premiums paid and benefits received.

Benefits of ABSLI Wealth Smart Plus:

• 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.
• Riders: Enhance your coverage with additional riders like Accidental Death Benefit Rider Plus and Waiver of Premium Rider.

How ABSLI Wealth Smart Plus Works:

• Example: Mr. Sharma, aged 35, purchases ABSLI Wealth Smart Plus with the following details:
  • Plan Option: Smart Life
  • Annualized Premium: Rs. 1,00,000
  • Premium Payment Term: 5 years
  • Policy Term: 20 years
  • Investment Option: Self-Managed Option
  • Fund Chosen: Nifty Alpha 50 Index Fund
  • Premium Payment Mode: Annual
  • Sum Assured: Rs. 10,00,000   1. lifeinsurance.adityabirlacapital.com lifeinsurance.adityabirlacapital.com

Eligibility Criteria and Specifications:

• Type of Plan: Unit-Linked Non-Participating Individual Life Insurance Savings Plan
• Coverage: All Individuals (Male, Female, Transgender)
• Entry Age: Varies based on plan option (Smart Life: 30 days to 60 years, Whole Life: 18 to 45 years)
• Maturity Age: Minimum 18 years, Maximum 75 or 100 years
• Premium Payment Mode: Annual, Semi-Annual, Quarterly, Monthly
• Minimum Premium: Rs. 12,000 p.a. (annual), Rs. 6,000 p.a. (semi-annual), Rs. 3,000 p.a. (quarterly), Rs. 1,000 p.a. (monthly)
• Maximum Premium: No Limit (subject to Board Approved Underwriting Policy)
• Minimum Sum Assured: Varies based on entry age (Rs. 1,20,000 or Rs. 84,000)
• Maximum Sum Assured: No Limit (subject to Board Approved Underwriting Policy)
• Premium Payment Term: Limited Pay (5 to 15 years) or Regular Pay (10 to 40 or 100 minus Entry Age)
• Minimum Policy Term: Varies based on plan option and premium payment term
• Maximum Policy Term: 40 years or 100 minus Entry Age
• Suicide Exclusion: In case of death due to suicide within 12 months, the nominee will receive the Fund Value, subject to certain conditions.

How to Claim Online:

• Follow three simple steps:
  1. Fill basic details.
  2. Intimate the claim.
  3. Submit documents.

Frequently Asked Questions:

• Are top-ups allowed? No, top-ups are not allowed under this plan.
• Can I change the Premium Payment Term or Policy Term? Yes, you can change these during the policy term.
• Can I increase/decrease Sum Assured or Premium? Yes, you can make changes during the policy term.
• Can I change investment strategy or risk profile? Yes, you can change these during the policy term.

For more details, visit https://lifeinsurance.adityabirlacapital.com/.

Note: This is a summary of ABSLI Wealth Smart Plus. Please refer to the policy document for complete terms and conditions.