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Investment Plans 1818 views April 22, 2020
Every individual wants to secure the future of their family members whether they are his parents, spouse or children. The only way to protect your family members is to take an insurance plan. It is better to go for an investment insurance plan because it has good returns and even you can enjoy the benefit of the plan. One such plan is ABSLI Wealth Secure Plan that is an investment policy and it enables you to save some extra bucks from your monthly income. Later, when you need money, the company will provide you a handsome return so that you can fulfill your future goals. So, you must explore all the features and benefits of this investment plan.
Table of Contents
The Amount of Basic Premium depends on the Sum Assured. You have a variety of Sum Assured Values that you can take in this insurance. So the Value of Assured Sum determines the number of Basic Premiums. The basic premium will increase if the value of the Assured Sum is high and vice versa.
You can pay the amount of premium monthly, quarterly, half-yearly, and yearly. The basis of the payment for insurance premium totally depends on you.
Now, you must explore all the benefits of this plan and see how it can help you in the longer term.
If in case the insured dies before the maturity of the policy then the nominee will get the highest of the following:-
If you have taken a Top-up plan then the nominee will get the higher of the two:-
If you have made partial withdrawals then your Sum Assured May Vary:-
Sum Assured in Death Benefits
You can surrender the ABSLI Wealth Secure Plan anytime and take the return that is accumulated until the date of surrender. The company will calculate the amount of return once you surrender the policy before the expiration of the term.
You can increase and decrease the value the Sum Assured and your premiums will be adjusted accordingly. You can increase the value of the sum assured by 150%, 200%, 250%, and 300%.
There are various options that you can opt for before taking the ABSLI Wealth Secure Plan. All these options can help you to decide the best plan.
Option 1- Life Cycle Option
In the Life Cycle option, the company manages your premium amount on the basis of age and risks. There are three profiles for risk management and they are conservative, moderate, and aggressive. The company manages your portfolio on the basis of risks and your age and provides you a good return at the time of maturity.
The Amount of the Premium is invested into Equity and Debt Funds and all the transaction is managed by the company.
Option 2- Systematic Transfer Option
In the Systematic Transfer Option, your funds will be invested into Liquid Plus Funds first and then 1/12th of the amount will be invested into investment funds depending upon your choice.
Option 3- Self-Managed Option
There are 13 investment funds in which you can directly invest the amount of premium and you will have full control over all the funds. It will be wholly your decision to buy the funds using the amount of premium. You can switch from one investment fund to another using the premium amount.
Particulars | Details |
---|---|
The Term of the Policy | Whole Life |
Age of Entry | 1 Year to 60 Years |
Premium Paying Term | 5 Years to 30 Years |
Minimum Premium Paying Term | Attained Age Must be 18 Years or more at the end of premium paying term |
Maximum Premium Paying Term | Attained Age Must be 70 Years or less at the end of premium paying term |
Minimum Basic Premium Amount | Paid Annually- INR 20000 p.a. Paid Half-Yearly- INR 30000 p.a. Paid Quarterly- INR 60000 p.a. Paid Monthly- INR 60000 p.a. |
Minimum Top-Up Premium | INR 5000 |
You can follow the following steps in order to buy the ABSLI Wealth Secure Plan:-