Skip Ribbon Commands
Skip to main content
 
A plan that assures financial security for your family while keeping pace with your growing needs, and rewards you for a healthy lifestyle 
Benefits of ABSLI Protector Plus Plan
 
Death Benefit: In case of the unfortunate demise of the life insured during the policy term, the Sum Assured on Death will be paid to the nominee. The policy shall be terminated once the Death Benefit is paid.

The nominee has an option to take the Sum Assured on Death as follows:

  • Lump sum payment or;
  • Staggered payment of:
    • One-time payout of 20% of Sum Assured on Death at the time of claim settlement;
    • Annual income as a fixed percentage of Sum Assured on Death will be payable on each death anniversary of the life insured over the chosen payout term. The fixed percentage of Sum Assured on Death for different payout terms to calculate the annual income is given below:

    Payout term
    10
    15
    20
    % of Sum Assured on Death
    11%
    8.37%
    7.12%
 
 
Total and Permanent Disability (TPD) Benefit: In case of the life insured suffering from Total and Permanent Disability during the policy term, 50% of the Sum Assured at inception subject to a maximum of Rs 50,00,000 will be paid to the life insured. Death Benefit under the policy will remain unaffected.
 
Tax Benefits: As per extant tax laws, this plan offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961(1).
 
 (1)Tax benefits are subject to changes in the tax laws. Please consult your tax advisor for more details.
Disclaimer
Tax benefits are subject to changes in the tax laws. Please consult your tax advisor for more details. This is a non-participating traditional term insurance plan. All terms and conditions are guaranteed throughout the policy term. Service Tax and Education Cess and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations, etc. For more details on risk factors, terms and conditions, please read the brochure carefully before concluding the sale. For detailed terms and conditions, please refer to the policy contract.Reg. Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841 Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. CIN: U99999MH2000PLC128110 Reg. No. 109. ADV/4/17-18/59 VER2/APR/2017

IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call number.
Unique No.: 109N071V02