ABSLI Wealth Assure Plus

Overview:

ABSLI Wealth Assure Plus is a unit-linked insurance plan designed to grow your wealth while offering protection against death, critical illness, and total permanent disability. With features like wealth boosters, loyalty additions, and flexible investment options, this plan supports long-term financial goals and provides security.

Key Features:

• Return of Charges: Premium Allocation Charge and Mortality Charge are returned at maturity, enhancing the Fund Value.
• Systematic Withdrawal Facility: Allows regular withdrawals from your Fund Value to meet ongoing needs.
• Wealth Boosters and Loyalty Additions: Additional units are added to your Fund Value periodically.
• Investment Options: Choose from 5 investment strategies and 16 funds.

Plan Options:

1. Classic Option: Provides the standard benefits for the policyholder.
2. Assured Option: Includes additional benefits such as Waiver of Premium on Critical Illness.

Investment Options:

1. Smart Investment Option
2. Systematic Transfer Investment Option
3. Return Optimiser Investment Option
4. Self-Managed Investment Option

Benefits:

1. Death Benefit:
   • In case of death during the policy term, the higher of the following is paid to the nominee:
     • Fund Value on the date of death.
     • Sum Assured (adjusted for partial withdrawals in the two years preceding death).
     • 105% of Total Premiums received (adjusted for partial withdrawals in the two years preceding death).
2. Waiver of Premium on Critical Illness:
   • For the Assured Option, if the life insured suffers from specified Critical Illnesses or Total Permanent Disability, future premiums are waived.
3. Maturity Benefit:
   • On survival until the end of the policy term, the Fund Value is paid out, along with a return of Premium Allocation and Mortality Charges added as additional units to the Fund Value.
4. Surrender Benefit:
   • The policy can be surrendered at any time during the term. The treatment of the surrender value is outlined in the Policy Discontinuance section.
5. Guaranteed Additions:
   • Additional units are rewarded for policy continuance as per the product brochure.

Riders:

1. ABSLI Accidental Death Benefit Rider Plus (UIN: 109B023V02): Provides extra protection in case of accidental death.
2. ABSLI Waiver of Premium Rider (UIN: 109B017V02): Waives future premiums in case of permanent disability, death, or specified major illnesses.

Eligibility Criteria:

• Plan Options: Choose between Classic or Assured Option.
• Premium Payment: Flexible modes available.
• Entry Age: Varies based on plan option.
• Premium Amounts: Minimum and maximum limits apply.
• Policy Term: Flexible based on the chosen premium payment term and plan option.

How ABSLI Wealth Assure Plus Works:

Use Case: Mr. Sharma, aged 40, selects ABSLI Wealth Assure Plus with an annual premium of Rs. 1,50,000 under the Assured Option. He chooses the Smart Investment Option and receives the Waiver of Premium benefit for critical illnesses. If Mr. Sharma suffers from a covered critical illness, future premiums are waived. At maturity, he receives the Fund Value, along with returned Premium Allocation and Mortality Charges, boosting his final payout.

Brochure and Purchase:

• Download Brochure: For more details.
• Buy Online: To purchase the policy or inquire further.

This plan is tailored to help you achieve financial growth and security while providing the flexibility to adjust according to your needs.