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Investment Plans 1547 views May 2, 2020
Everyone wants to increase their wealth but it is not possible without investment. In order to increase enhance your wealth, it is mandatory to make investments. On the other hand, the protection for future financial risks is also needed; therefore the only option left is to take an investment insurance plan. One such plan is ABSLI Vision MoneyBack Plus Plan that guarantees you a fixed return after every 4 and 5 years. You will receive a guaranteed percentage of the sum assured on a period of 4 or 5 years depending upon your choice. So, you must explore all the features and benefits of this plan and see how it can help you in wealth maximization.
Table of Contents
There are some exclusive benefits of this plan that will help you to enhance your wealth and give financial protection to your loved ones.
In this benefit, you’ll be entitled to receive MoneyBack after a period of every 4 and 5 years depending upon the option you choose. The Return will be a percentage of the Sum Assured as discussed in the below options.
Option 1- MoneyBack after every 4th Policy Year with a Policy term of 20 Years
Premium Paying Term- 10 Years
Survival Benefit Year | Percentage of the Premium |
---|---|
4th Policy Anniversary | 10% of the Sum Assured |
8th Policy Anniversary | 15% of the Sum Assured |
12th Policy Anniversary | 20% of the Sum Assured |
16th Policy Anniversary | 25% of the Sum Assured |
20th Policy Anniversary | 30% of the Sum Assured |
Option 2- MoneyBack after every 5th Policy Year with a Policy term of 20 Years
Premium Paying Term- 10 Years
Survival Benefit Year | Percentage of the Premium |
---|---|
5th Policy Anniversary | 15% of the Sum Assured |
10th Policy Anniversary | 20% of the Sum Assured |
15th Policy Anniversary | 25% of the Sum Assured |
20th Policy Anniversary | 40% of the Sum Assured |
Option 3- MoneyBack after every 4th Policy Year with a Policy term of 24 Years
Premium Paying Term- 12 Years
Survival Benefit Year | Percentage of the Premium |
---|---|
4th Policy Anniversary | 10% of the Sum Assured |
8th Policy Anniversary | 15% of the Sum Assured |
12th Policy Anniversary | 20% of the Sum Assured |
16th Policy Anniversary | 25% of the Sum Assured |
20th Policy Anniversary | 30% of the Sum Assured |
24th Policy Anniversary | 35% of the Sum Assured |
Option 4- MoneyBack after every 5th Policy Year with a Policy term of 25 Years
Premium Paying Term- 12 Years
Survival Benefit Year | Percentage of the Premium |
---|---|
5th Policy Anniversary | 15% of the Sum Assured |
10th Policy Anniversary | 20% of the Sum Assured |
15th Policy Anniversary | 25% of the Sum Assured |
20th Policy Anniversary | 30% of the Sum Assured |
25th Policy Anniversary | 45% of the Sum Assured |
If in case the insured dies during the policy term then the nominee will get all of the following death benefits:-
The Sum Assured will be the maximum of the Sum Assured at the time of inception of the policy and it will be subject to a minimum of 105% of the total premiums paid up to date.
You will also receive maturity benefits in the ABSLI Vision MoneyBack Plus Plan if you successfully survive the policy. The maturity benefits will include the following sum of money:-
In this benefit, the company will reduce the amount of premiums if you are unable to pay premiums. But in order to enjoy this benefit, you will have to pay all the premiums for 2 years and your policy will not lapse if you discontinue the payment of premiums. The company will reduce the amount of your premium and accordingly the Sum Assured and the Death benefits. You will receive the accrued bonuses until the date when you discontinued the premium and then after that, the company will reduce the bonus in the proportion with the reduced premium.
You can add riders to this policy and enhance the coverage of the insurance. The rider options available in this policy are:-
In case of an emergency, you have the option to surrender the policy and take the surrender amount as per the premiums paid until the surrender date. But you can only surrender the policy if you have paid the premiums regularly for at least two years.
You can also take a loan against this MoneyBack Plus Plan with a minimum of INR 5000. You can take a maximum loan against the policy of 85% of the surrender value and the company will charge interest as applicable.
Particulars | Details |
---|---|
Minimum Age of Entry | 13 Years |
Maximum Age of Entry | 45 Years |
Policy Term | 20 Years, 24 Years, and 25 Years |
Minimum Sum Assured | INR 1 Lac |
Premium Paying Mode | Monthly, Quarterly, Half Yearly, and Yearly |
For Semi-Annual Payments | A Rebate of 2% on Premium |
For Annual Payments | A Rebate of 5% on Premium |