Why Buy ABSLI Assured Income Plus?
Plan Benefits
- Fully Guaranteed² Returns: Ensures your investment grows with no risk.
- Long-Term Regular Income: Provides income for 20, 25, or 30 years to cover recurring needs.
- Two Benefit Options: Choose between Income Only Benefit or Income with Lumpsum Benefit.
- Loyalty Additions: Additional boost to the Income Benefit payout.
- Flexible Lumpsum Option: Receive a discounted value of future survival benefits as a lump sum.
- Riders: Enhance your cover with appropriate riders.
Benefits of ABSLI Assured Income Plus
ABSLI Assured Income Plus offers the benefit of guaranteed² regular income for the long term.
Plan Options
ABSLI Assured Income Plus provides two plan options to choose from:
Enhance ABSLI Assured Income Plus with Riders
Enhance your cover with Riders at nominal additional premium.
Product Specifications
Type of Plan: A Non-Linked Non-Participating Individual Savings Life Insurance Plan
Coverage: All Individuals (Male | Female | Transgender)
Age of the Life Insured at Entry (age as on last birthday)
- Minimum: 1 year (subject to minimum maturity age of 18 years)
- Maximum: 60 years
Maturity Age of the Life Insured (age as on last birthday)
- Minimum: 18 years
- Maximum: 77 years
Premium Payment Term (PPT), Policy Term (PT) and Benefit Payout Period
- 5 years: Policy term options of 5 | 6 | 7 | 8 | 9 | 10 years, Benefit payout period of 20, 25, 30 years
- 6 years: Policy term options of 6 | 7 | 8 | 9 | 10 | 11 years, Benefit payout period of 20, 25, 30 years
- 8 years: Policy term options of 8 | 9 | 10 | 11 | 12 | 13 years, Benefit payout period of 20, 25, 30 years
- 10 years: Policy term options of 10 | 11 | 12 | 13 | 14 | 15 years, Benefit payout period of 20, 25, 30 years
- 12 years: Policy term options of 12 | 13 | 14 | 15 | 16 | 17 years, Benefit payout period of 20, 25 years
Minimum Annualized Premium: Rs. 50,000
Maximum Annualized Premium: No Limit (subject to Board Approved Underwriting Policy)
Premium Payment Modes and Modal Factors
- Annual: 0.0%
- Semi-annual: 1.0%
- Quarterly: 1.5%
- Monthly: 3.5%
Minimum Sum Assured: Rs. 5,50,000
Maximum Sum Assured: Subject to Board Approved Underwriting Policy
Benefit Options
- Income Only Benefit
- Income with Lumpsum Benefit
Benefit Payout Frequency: Annual, Semi-Annual, Quarterly, Monthly
How Does ABSLI Assured Income Plus Work?
Learn with an example. Lead by an example.
What’s Not Covered?
If the Life Insured dies by suicide within 12 months of the effective date of risk commencement or the date of revival of Policy, the Policy shall terminate immediately. In such cases, the Company shall pay the higher of Surrender Value or Total Premiums Paid plus underwriting extra premiums paid plus loadings for modal premiums paid excluding applicable taxes.