Savings Plans

What is a Savings Plan? A savings plan is a financial tool that helps individuals save systematically to achieve future financial goals. It combines the benefits of saving and investing with the added security of life insurance.

Why Invest in a Savings Plan?

• Fixed Payout for Future Goals: Guarantees a predetermined payout to help fund future expenses.
• Low-Risk Investment: No market fluctuations affect the payout, ensuring a risk-free investment.
• Financial Security for Loved Ones: Provides life insurance coverage in addition to saving.
• Guaranteed Side Income: Moneyback plans offer passive income for various needs.

Types of Goals Covered

• Short-term Goals: Includes immediate plans such as purchasing home furniture, funding a trip, or buying gifts.
• Long-term Goals: Covers significant expenses like higher education, retirement funds, or legacy corpus.

Our Savings Plans

1. ABSLI Assured FlexiSavings Plan
2. ABSLI Nishchit Aayush Plan
3. ABSLI Assured Income Plus
   • Features: Guaranteed income, lumpsum benefit at maturity, life cover.

How Does a Savings Plan Work?

• Application: Provide health, lifestyle, and income details.
• Premium & Maturity Value: Fixed premium amount and maturity value determined.
• Types of Payouts:
  • Maturity Benefit: Fixed amount at policy maturity.
  • Death Benefit: Sum assured paid to beneficiaries in case of death.
  • Additional Benefits & Bonuses: Includes variable loyalty bonuses.

Benefits of Investing in a Savings Plan

• Regular Saving Discipline: Encourages a habit of saving.
• Zero Risk & Guaranteed Return: Not affected by market changes.
• Additional Bonuses: Guaranteed additions and bonuses at maturity.
• Goal Planning: Suitable for both short-term and long-term goals.
• High Liquidity: Allows withdrawals for emergencies after a few years.
• Loan Facility: Loans can be taken against the policy.
• Life Cover: Financial protection for family.
• Riders: Optional benefits to enhance coverage.

Common Riders for Savings Plans

• Accidental Death & Disability Rider
• Critical Illness Rider

Why Choose the ABSLI Savings Plan?

• Variety of Plans: 14 types with different features.
• Optional Riders: Enhance coverage with additional riders.
• Guaranteed Bonuses: Includes loyalty bonuses.
• Flexible Premium Payment: Various payment modes available.
• Spousal Cover: Joint-life protection option.

Things to Keep in Mind While Buying a Savings Plan

• Start Early: Lower premiums and long-term benefits.
• Compare Plans: Choose the right plan by comparing features.
• Choose Right Policy Term: Align with your financial goals.
• Affordable Premiums: Ensure you can maintain payments.
• Understand Commitment: Be aware of lock-in periods and returns.
• Consult a Financial Advisor: To understand returns and policy terms.

The ABSLI Promise

• High Claim Settlement Ratio: 98.08% in 2021-22.
• Quick Online Purchase: Easy buying process.
• Seamless Claims Process: Simple, fast claim settlements.
• Affordable Premiums: Low premiums for comprehensive cover.
• Dedicated Customer Support: 79k+ agents and 363 offices nationwide.