Overview:
ABSLI Wealth Max Plan is a single-premium unit-linked life insurance plan that combines financial protection with investment growth potential. With just one premium payment, you can secure long-term benefits and potentially achieve better returns through market investments.
Key Features:
- Single Premium Payment: Invest once and enjoy benefits for the full policy term.
- Guaranteed Additions: Earn guaranteed additions by staying invested throughout the policy term.
- Flexible Investment Options: Choose from 16 funds under the Self-Managed Option.
- Top-Up Flexibility: Add additional savings through top-ups anytime, except during the last five years of the policy term.
Benefits:
- Long-Term Investment: Your single premium investment offers potential for better market returns over the policy term.
- Financial Protection: Provides security for your family with a Sum Assured that includes both Basic and Top-Up Sum Assured.
- Investment Flexibility: Option to invest in a wide range of funds and make additional top-up contributions as needed.
How It Works:
Use Cases:
- Single Premium Investment:
- Pay a one-time premium and choose a policy term of 5, 10, 15, or 20 years based on your financial goals.
- Minimum basic premium is Rs. 1,00,000 for 5 and 10-year terms, and Rs. 2,00,000 for 15 and 20-year terms.
- Top-Up Contributions:
- You can add top-up premiums anytime, with a minimum top-up of Rs. 5,000.
- Total top-up premiums cannot exceed the single basic premium paid. Top-Up Sum Assured is 125% of the top-up premium.
- Sum Assured:
- The Sum Assured includes both the Basic Sum Assured and Top-Up Sum Assured, ensuring comprehensive coverage.
Eligibility Criteria:
- Entry Age: 30 days to 70 years (subject to a minimum attained age of 18 at maturity)
- Policy Term: 5, 10, 15, or 20 years
- Premium Paying Term: Single Pay
- Basic Premium:
- Minimum Rs. 1,00,000 for 5 and 10-year terms
- Minimum Rs. 2,00,000 for 15 and 20-year terms
- Basic Sum Assured: 1.25 | 5 | 10 times the Basic Premium
Suicide Exclusion:
In case of death due to suicide within 12 months from the commencement of the policy, the nominee or beneficiary will receive the Policy Fund Value as of the date of death. Any charges other than Fund Management Charges (FMC) recovered after the date of death will be added back to the Policy Fund Value.
Brochure and Policy Contract:
- Download Brochure: For detailed information on the plan.
- Policy Contract: Review the complete terms and conditions.
ABSLI Wealth Max Plan offers a straightforward, one-time investment with the potential for significant returns and comprehensive financial protection for your family.