Features

Eligibility

Type of Plan


A Non-Linked Non-Participating Individual, Life, pure risk premium term insurance product

Coverage


All Individuals (Male | Female | Transgender)

Premium Payment Term (PPT)


Single Pay | Regular Pay

Policy Term (PT)


2 years | 3 years | 4 years | 5 years

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)


60 Years

Minimum Annualized Premium


As per Sum Assured

Maximum Annualized Premium


As per Sum Assured

Sum Assured (INR)


50 Lakhs | 75 Lakhs | 1 Crore | 1.25 Crore | 1.5 Crore | 1.75 Crore | 2 Crore

Premium Payment Frequency and Frequency Loadings


  • 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?


  • 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.

Why invest in ABSLI Anmol Suraksha Kawach Plan?


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

How to initiate Claim?


3 quick steps, everything online.

  1. Fill basic details
  2. Claim intimation
  3. Document submission