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Investment Plans 3470 views April 24, 2020
Every individual wants to maximize his wealth either through savings or investment. But in case of savings, the value of funds doesn’t increase by itself and, on the other hand, investments lead to great returns. Everyone wants to secure the accumulated wealth for the bright future of their loved ones. Therefore, the only option left that protects you and your family and also provides a return is the investment insurance plan. The ABSLI Fortune Elite Plan is one of the investment insurance plans that give you a handsome return and protects your family from any future uncertainty. You must look at the key features of this plan and increase your wealth.
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There are some other benefits of this plan that enables you to enhance your wealth and save some more funds for your future and for your family’s future.
The nominee will get the highest of the following if in case the insured dies before the maturity of the policy:-
The nominee will get the higher of the two if you have taken a Top-up plan:–
The death benefit will never be less than 105% of the premiums paid until the date of the death.
At the time of maturity, the insured gets the Basic Sum Value and the Top-up value if he has taken any. The maturity amount that was decided at the inception of the policy is given once the policy term expires.
You can surrender the ABSLI Fortune Elite plan anytime in case of an emergency. The company has the right to calculate the amount to be paid on the date when the policy is surrendered.
You can add the following riders into the policy at a very nominal cost of the premium.
There are some options available in the policy that would help you manage the funds. You can choose any option before taking the investment insurance plan.
Option 1- Systematic Transfer Option
In the Systematic Transfer Option, the company will invest your premiums into Liquid Plus Funds and then 1/12th of the amount will be invested into investment funds and you have the choice to decide the funds.
Option 2- Return Optimiser Option
In the Return optimizer Option, the company will invest the sum of your premium into maximizer Funds and will keep an eye and monitor the value. Once the value of funds increases by 10% of the net invested amount, the company will transfer the appreciated amount to the Income Advantage Funds. It ensures that your gain is secured and protected from market fluctuations in the ABSLI Fortune Elite Plan.
Option 3- Self-Managed Option
In this option, there are 7 different investment funds in which you can directly invest the premium amount. You can invest your money in 100% Debt or in 100% equity because the choice is yours. The company gives you full control over all the funds. You can also switch from one fund to another as per your needs and market fluctuations.
Particulars | Details |
---|---|
The Term of the Policy | 10 Years, 20 Years, 25 Years, 30 Years, 35 Years, and 40 Years |
Age of Entry | 30 Days to 55 Years for 5 Pay and up to 65 Years for other paying terms. Subject to maximum maturity age of 75 years. |
Premium Paying Term | 5 Years, 10 Years, 15 Years, and 20 Years |
Minimum Basic Premium Amount | INR 40000 |
Minimum Sum Assured | INR 400000 |
Minimum Top-Up Premium | INR 5000 |