ABSLI Group Income Replacement Plan is designed to provide financial stability by substituting your member’s monthly income in the event of a critical illness or total permanent disability. This ensures that essential needs are met during times of distress.
Key Features:
- Income Benefit Options: Multiple options are available to receive income benefits.
- Flexibility: Total flexibility on the sum assured.
- Steady Income: Ensures a steady income stream if diagnosed with covered critical illnesses or total permanent disability.
Benefits:
- Income Benefit: Provides a monthly income benefit if a member is diagnosed with any of the covered critical illnesses or total permanent disability.
- Member Addition: Allows for the addition of new members during the policy year by either paying a pro-rata premium for the remaining policy year or the full premium for a year of coverage from the member’s risk commencement date.
- Premium Payment Options: Premiums can be paid on an annual, semi-annual, quarterly, or monthly basis.
- Adjustable Sum Assured: The master policyholder can adjust the cover amount for members during the year as per the group’s requirements.
Eligibility:
- The plan caters to the needs of group members, with specific conditions outlined in the policy documentation.
Additional Information:
- Brochure: For a detailed understanding of the plan, including terms and conditions, download the Plan Brochure or visit our website.
ABSLI Group Income Replacement Plan offers a safety net for your members, ensuring that they can maintain financial stability even in the face of serious health challenges.