Why Buy ABSLI Salaried Suraksha ULIP?
The ABSLI Salaried Suraksha ULIP is a comprehensive unit-linked insurance plan that combines investment growth with life insurance coverage. Here’s why it could be a great choice for you:
- High Sum Assured Multiples: Choose a Sum Assured multiple as high as 125X, offering substantial life cover.
- Return of Charges: Benefit from a return of 2X on premium allocation charges and mortality charges, enhancing the overall value of your investment.
- Diverse Investment Options: Access to 5 investment strategies and 18 funds to match your specific investment goals and risk tolerance.
- Enhanced Protection: Add-on riders such as Comprehensive Critical Illness Rider, Accidental Death Benefit Plus Rider, and Waiver of Premium Rider provide additional protection and coverage.
- Tax Benefits: Potential tax benefits on premiums paid and benefits received, as per prevailing tax laws.
Key Benefits:
- High Coverage: Substantial life insurance cover with flexible sum assured multiples.
- Investment Growth: Market-linked returns with a choice of various investment strategies and funds.
- Charges Returned: 2X return on premium allocation and mortality charges.
- Additional Riders: Enhanced protection through optional riders at a nominal cost.
- Tax Efficiency: Possible tax benefits on premiums and benefits.
Eligibility Criteria & Specifications:
- Type of Plan: Unit-Linked Non-Participating Individual Life Insurance Savings Plan
- Coverage: Available for all individuals (Male | Female | Transgender)
- Entry Age: 18 to 50 years
- Maturity Age: Maximum 75 years
- Premium: Minimum premium as per sum assured; no maximum limit
- Sum Assured: Minimum Rs. 50,00,000; no maximum limit
- Premium Payment Term (PPT): 6, 8, 10, or 12 years
- Policy Term (PT): 15, 20, 25, 26, 27, 28, 29, or 30 years
- Premium Payment Mode: Annual
- Sum Assured Bands:
- Band 1: Rs. 50,00,000 to Rs. 74,99,999
- Band 2: Rs. 75,00,000 to Rs. 99,99,999
- Band 3: Rs. 1,00,00,000 and above
How ABSLI Salaried Suraksha ULIP Works:
Use Case 1: Mr. Agnihotri, aged 35, purchases the ABSLI Salaried Suraksha ULIP with a sum assured of Rs. 1,00,00,000, a sum assured multiple of 100X, an annual premium of Rs. 1,00,000, a premium payment term of 12 years, and a policy term of 30 years. He chooses the Self-Managed Option with the Maximizer fund. If Mr. Agnihotri survives the entire policy term, any return of charges will be added back to the fund value as additional units.
Suicide Exclusion Clause:
- In the event of death due to suicide within 12 months from the commencement or revival of the policy, the nominee or beneficiary will receive the fund value as available on the date of intimation of death. Any charges other than Fund Management Charges (FMC) recovered after death will be added back to the fund value.
Brochure, Leaflet, and Policy Contract: Available for further details.