ABSLI Group Assured Sheild Plan

How does ABSLI Group Assured Sheild work?

Step 1 Choose Death benefit Variants This product offers 2 Death Benefit Options to choose from: Level Reducing

Step 2 Choose member option Depending upon the loan availed, member can choose the from below option

• Single Life
• Joint Life (two lives), with benefit payable on first death
• Co-Borrower (no limit, provided each member meets eligibility criteria)
  

Step 3 Choose optional Benefits

• Accidental Death Benefit
• Accidental Total and Permanent Disability (Accelerated)
• Any one of the Critical Illnesses package

-Essential Critical Illness Cover (Accelerated Critical Illness 10)
-Vital Critical Illness Cover (Accelerated Critical Illness 19)
-Super Critical Illness Cover (Accelerated Critical Illness 25)
-Mega Critical Illness Cover (Accelerated Critical Illness 50)
-Essential Critical Illness Cover (Additional Critical Illness 10)
-Vital Critical Illness Cover (Additional Critical Illness 19)
-Super Critical Illness Cover (Additional Critical Illness 25)
-Mega Critical Illness Cover (Additional Critical Illness 50)

Step 4 Select Policy Term & Moratorium Period if required

Suicide Exclusion

In case of death due to suicide within 12 months from the date of commencement of risk under the policy, the nominee or beneficiary of the Member shall be entitled to 100% of the premiums (excluding underwriting extra premium and applicable taxes) paid, provided the Cover is in force.