Features
Eligibility
A Non-Linked Non-Participating Individual, Life, pure risk premium term insurance product
Age of the Life Insured at Entry (Age as on last birthday)
Age of the Life Insured at Entry (Age as on last birthday)- Minimum: 25 Years
- Maximum: 55 Years
Maximum cover ceasing age of the Life Insured (Age as on last birthday)
Maximum cover ceasing age of the Life Insured (Age as on last birthday)60 Years
50 Lakhs | 75 Lakhs | 1 Crore | 1.25 Crore | 1.5 Crore | 1.75 Crore | 2 Crore
- Mode = Modal Loading
- Annual = 0.0%
- Semi-annual = 2.0%
- Quarterly = 3.0%
- Monthly = 4.0%
What's not Covered under ABSLI Anmol Suraksha Kawach Plan?
What's not Covered under ABSLI Anmol Suraksha Kawach Plan?- Suicide Exclusion
In case of death of Life Insured due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the amount described in the Death Benefit provision will not be payable. In such circumstances, ABSLI shall refund 80% of the premiums paid till the date of death of the Life Insured or ABSLI shall pay the Surrender Benefit available as on the date of death, whichever is higher to the nominee or beneficiary of the Policyholder, provided the policy is in force.
For this purpose, premiums considered will be exclusive of applicable taxes as the same are collected over and above the premiums as per prevailing tax rules.
Here are the top 4 reasons for you to consider this plan:
- Convenient Premium payment
Get comprehensive protection benefits by paying as per your convenience (regular pay/single pay) - Short-term Life Cover
Cover short-term protection needs for a period of up to 5 years - Flexible & affordable
Choose the sum assured & policy term at the time of inception with single pay affordable premium - Lumpsum Payment
Sum assured paid in lumpsum as a death benefit