ABSLI Smart Growth Plan

Overview:

The ABSLI Smart Growth Plan is a unit-linked insurance plan (ULIP) designed to offer both investment growth and life insurance coverage. It provides flexibility in investment choices and additional benefits to enhance your wealth creation strategy. This plan allows you to balance your financial goals with insurance protection, making it a versatile option for achieving your aspirations.

Key Features:

• Investment Strategies: Choose from 5 investment strategies and 16 fund options to tailor your investments to your financial goals.
• Fund Switching: Flexibility to switch between funds at no additional cost, allowing you to adjust your investment strategy based on market conditions.
• Wealth Boosters: Additional units are allocated to your fund starting from the end of the 10th policy year and every 5 years thereafter.
• Loyalty Additions: Additional units are added to your fund value from the end of the 11th policy year, at 0.10% of the fund value annually.
• Return of Mortality Charges: At maturity, the plan adds back the mortality charges deducted during the policy term, enhancing your final fund value.

Investment Options:

1. Systematic Transfer Investment Option: Mitigates market timing risks by transferring premiums systematically into different funds.
2. Return Optimiser Investment Option: Balances market participation with return protection.
3. Smart Investment Option: Combines growth and safety with strategic investment management.
4. Life Cycle Investment Option: Adjusts investment allocation based on your age and financial stage.
5. Self-Managed Investment Option: Gives you complete control over fund allocation and management.

Benefits:

1. Death Benefits: In case of death during the policy term:
   • Higher of:
     • Fund Value as of the date of death, or
     • Sum Assured (reduced by partial withdrawals during the two years before death), or
     • 105% of Total Premiums received (reduced by partial withdrawals during the two years before death).
2. Maturity Benefits: On survival till the end of the policy term, you will receive the Fund Value as of the maturity date, and the policy will terminate.
3. Loyalty Additions: Additional units added to the fund value from the end of the 11th policy year, calculated as 0.10% of the fund value annually.
4. Wealth Booster: Additional units allocated starting from the end of the 10th policy year and every 5 years thereafter, equal to 1% of the fund value.
5. Return of Mortality Charges: At the end of the policy term, mortality charges deducted during the policy will be added back to enhance the Fund Value.

Rider Benefits:

1. ABSLI Accidental Death Benefit Rider Plus: Provides additional protection in case of accidental death at a nominal extra cost.
2. ABSLI Waiver of Premium Rider: Waives future premiums in case of permanent disability, death, or specified major illnesses.

Eligibility Criteria:

• Entry Age: Minimum age varies based on premium payment term and policy options.
• Maturity Age: Maximum age at maturity varies based on the selected policy term and premium payment term.
• Premium Payment Modes: Annual, Semi-Annual, Quarterly, Monthly.
• Premium Amounts: Minimum and maximum premiums vary based on sum assured, policy term, and premium payment mode.

How ABSLI Smart Growth Plan Works:

Use Case: Mr. Kapoor, aged 30, chooses the ABSLI Smart Growth Plan with a premium of Rs. 50,000 per annum, selecting the Smart Investment Option with a policy term of 20 years. Over the years, he benefits from flexibility in investment options, additional units through Wealth Boosters and Loyalty Additions, and enhanced fund value due to the return of mortality charges at maturity.

Brochure and Enquiries: Download the brochure or inquire now to get more details and assess how ABSLI Smart Growth Plan can align with your financial goals and provide comprehensive protection and growth.