Overview:
ABSLI Wealth Secure Plan is designed to provide long-term savings with whole life coverage. It combines the benefits of life insurance with investment opportunities, making it a flexible and comprehensive option for building wealth and securing your future.
Key Features:
- Limited Premium Payment Term: Pay premiums for a specified period while receiving life coverage for your entire life.
- Investment Flexibility: Choose from 3 investment options tailored to your needs.
- Top-Up Flexibility: Add additional savings to your policy with top-ups as needed.
- Partial Withdrawals: Access funds in case of emergencies through partial withdrawals.
Benefits:
- Whole Life Coverage: Continuous life coverage beyond the premium payment term.
- Investment Options: Select from 3 different investment strategies to suit your financial goals.
- Top-Up Contributions: Enhance your investment by making additional contributions at any time.
- Emergency Fund Access: Flexibility to withdraw funds as needed.
Riders:
- Additional Protection: Enhance your policy with optional riders at a nominal cost.
How It Works:
Use Case: Mr. Vora, aged 35, opts for the ABSLI Wealth Secure Plan. He pays an annual premium of Rs. 1,00,000 for a limited premium payment period of 10 years. He selects the self-managed investment option with 100% investment in the Maximiser fund. The policy provides life cover for his entire life, and he can also make top-up contributions and partial withdrawals as needed.
Eligibility Criteria:
- Policy Term: Whole Life
- Entry Age: 30 days to 65 years
- Premium Paying Term (PPT):
- For entry ages 30 days to 44 years: 5 to 30 years
- For entry ages 45 to 60 years: 8 to 30 years
- For entry ages 61 to 65 years: 10 to 14 years
- Maximum PPT: The attained age at the end of the premium paying term must be 75 years or less
- Basic Premium:
- Minimum Rs. 30,000 per annum (if paid annually or semi-annually)
- Minimum Rs. 60,000 per annum (if paid monthly or quarterly)
- Top-Up Premium: Minimum Rs. 5,000
Suicide Exclusion:
In case of death due to suicide within 12 months from the policy’s start date or from the date of policy revival, the nominee will receive the Policy Fund Value as of the date of death. Any charges other than Fund Management Charges (FMC) recovered after death will be added back to the Policy Fund Value.
Brochure and Policy Contract:
- Download Brochure: For more detailed information.
- Policy Contract: Review the full terms and conditions.
ABSLI Wealth Secure Plan offers a blend of insurance protection and investment flexibility, making it a valuable option for long-term financial planning and wealth accumulation.