ABSLI Poorna Suraksha Kawach

A Complete Protection Solution for your family`s financial future
A Complete Protection Solution for your family`s financial future
Flexible Premium Payment Pure Term & Return of Premium Options
Covers Covid-19 death claims Inbuilt Terminal Illness Benefit

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Get ₹1 crore term insurance with guaranteed# return of premium at Maturity*

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What is ABSLI Poorna Suraksha Kawach?

ABSLI Poorna Suraksha Kawach is a complete and comprehensive protection solution, specifically designed to fulfil your financial requirements and secure your family’s future in the face of uncertainties. In a world full of uncertainties, what remains constant is your desire to shield your loved ones from any contingencies. You strive to accommodate all the necessities of your family and look after their sense of well-being, happiness, and security. ABSLI Poorna Suraksha Kawach provides complete protection for your family`s financial future with multiple plan options to choose from.

Key Features
  • Key features Multiple plan options
  • Key features Inbuilt Terminal Illness Benefit
  • Key features Accelerated Critical Illness Benefit against 42 listed Critical Illnesses.
  • Key features Option to avail a ‘One time exit value’ for emergencies
ABSLI Poorna Suraksha Kawach

Benefits of ABSLI Poorna Suraksha Kawach

An simple term plan that provides security to you and your loved ones against all unforeseen eventualities.

Death Benefit
Death Benefit
In case of unfortunate demise of the Life Insured during the Policy Term, the Death Benefit will be Sum Assured on Death payable in lump sum.
Income Tax Benefit
Survival Benefit
For Plan Option 1, 2, 4, 5, 6:
No Survival Benefit will be payable.
Income Tax Benefit
Maturity Benefit
For Plan Option 1, 3, 4, 5, 6:
No Maturity Benefit will be payable.
Income Tax Benefit
Terminal Illness Benefit
In case Life Insured is diagnosed with a Terminal Illness during the Policy Term and Life Insured has not exceeded the Age of 80 years, 50% of the applicable Sum Assured on Death
Income Tax Benefit
Accelerated Critical Illness Benefit
Under this benefit, Accelerated Critical Illness (ACI) Sum Assured will be payable to policyholder on the first diagnosis of any of the specified critical illnesses
Income Tax Benefit
One Time Exit Value (OTEV)
As an additional protection against emergencies, at any point during the Policy Term, subject to the terms and conditions given below and provided the policy

Plan Options

Term Plan with Riders offer Added Protection

You can enhance your insurance coverage during the Policy Term by adding following riders for a nominal extra cost.

How does ABSLI Poorna Suraksha Kawach works?

Protect multiple life needs with ABSLI DigiShield Plan
  • Mr. Gupta, a non-smoker, aged 35 years, buys ABSLI Poorna Suraksha Kawach and opts level cover option for sum assured of 1 Cr
  • He chose policy term of 50 years with 10 years of premium payment term
  • He dies during the 25`th policy year.
  • In this scenario, Mr. Gupta`s nominee/family will receive a lumpsum assured on death of Rs. 1,00,00,000.

Plan Options

Premium Paying Term

Minimum Policy Term

Maximum Policy Term

Min & Max

Entry Age

Maximum Maturity Age

Sum Assured

Plan Option #

1 and 5

Single Pay

5 years

55 years

18 – 65 years

85 years

 

Min:

Rs. 25 Lakhs

Max: No Limit,

subject to

Board

Approved

Guidelines

5 Pay

(PPT + 5) years

 

18 – 65 years

7 Pay

18 – 65 years

10 Pay

18 – 65 years

12 Pay

18 – 65 years

15 Pay

18 – 65 years

20 Pay

18 – 60 years

To age 60

18 – 54 years

Regular Pay

10 years

18 – 65 years

 

 

Plan Option # 2

Single Pay

20 years

55 years

18 – 65 years

85 years

Min:

Rs. 25 Lakhs

Max: No Limit,

subject to

Board

Approved

Guidelines

6 Pay

8 Pay

10 Pay

Regular Pay

10 years

 

 

Plan Option # 3

Single Pay

20 years

55 years

18 – 65 years

85 years

Min:

Rs. 25 Lakhs

Max: No Limit,

subject to

Board

Approved

Guidelines

6 Pay

18 - 64 years

8 Pay

18 - 62 years

10 Pay

18 - 60 years

 

 

Plan Option

# 4

5 Pay

(PPT + 5) years

55 years

 

18 – 50 years

85 years

 

Min:

Rs. 25 Lakhs

Max: No Limit,

subject to

Board

Approved

Guidelines

7 Pay

18 – 50 years

10 Pay

18 – 50 years

12 Pay

18 – 50 years

15 Pay

18 – 50 years

20 Pay

18 – 50 years

To age 60

10 years

18 – 49 years

Regular Pay

10 years

18 – 50 years

Plan Option

# 6

Single Pay

11 years

 

18 – 65 years

85 years

Min:

Rs. 25 Lakhs

Max: No Limit,

subject to

Board

Approved

Guidelines

5 Pay

11 years

 

18 – 65 years

7 Pay

(PPT + 5) years

55 years

18 – 65 years

10 Pay

18 – 65 years

12 Pay

18 – 65 years

15 Pay

18 – 65 years

20 Pay

18 – 60 years

To Age 60

18 – 54 years

Regular Pay

11 years

18 – 65 years

Why invest in ABSLI Poorna Suraksha Kawach?

Here are the top 4 reasons for you to consider this plan:

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Choice of multiple Plan Options
Get comprehensive life insurance coverage to suit your varied needs
iconbullet
Return of Premium (RoP) or Early Return Of Premium Option (ERoP)
Secure your savings along with life insurance cover with Return and Early return of premium option
iconbullet
Flexible
Avail ‘One Time Exit Value’ and get back your premiums paid as a dependable support system in case of emergencies
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Accelerated Critical Illness Benefit (ACI)
Covers 42 specified critical illnesses on payment of additional premium

What's not Covered under ABSLI Poorna Suraksha Kawach?

Suicide Exclusion

In case the Life Insured, dies due to suicide within 12 months from the Risk Commencement Date or date of revival of the Policy, the Policy shall immediately terminate, and Company shall pay the following to the Nominee:

  • Where the Policy has acquired the surrender value/ unexpired risk premium value, higher of Surrender value/ unexpired risk premium value or (Total Premiums Paid plus underwriting extra premiums paid plus loadings for modal premiums paid excluding applicable taxes) till date of death.
  • Where the Policy hasn’t acquired the Surrender value/ unexpired risk premium value, Total Premiums Paid plus underwriting extra premiums paid plus loadings for modal premiums paid excluding applicable taxes till date of death.

Terminal Illness Benefit Exclusion

The Life Insured will not be entitled to any Terminal Illness benefit if it is caused directly or indirectly due to or occasioned, accelerated or aggravated by intentional self-inflicted injury or attempted suicide, whether medically sane or insane.

How to initiate Claim?

3 quick steps, everything online.

  • Fill basic details
  • Claim intimation
  • Document submission

ABSLI Poorna Suraksha Kawach Plan FAQs

ABSLI Poorna Suraksha Kawach is a complete and comprehensive protection solution offering 6 unique plan options, specifically designed to fulfil your financial requirements and secure your family’s future in the face of uncertainties.
This plan is available on E application platform through sales channels.
The minimum Sum Assured is Rs. 50 lakhs (as per an internal management decision.)
Please note that the product can be sourced with a maximum Sum Assured of Rs. 20 Crores.
Depending upon the smoking status of the life insured, he/she will be classified as Non-Smoker or Smoker. The proposed life insured will be classified as Non-Smoker, if he/she has not consumed tobacco products in the last 12 months. This includes any nicotine products like cigarette, cigars, chewable tobacco or any other classified stimulants.
This plan offers preferential premium rates for all Female lives. Also, Policyholder get discounted premium rates for non – smoker status
No, Plan Option once chosen at inception; cannot be changed anytime during the Policy Term.
Sum Assured Escalation Rate is applicable under Plan Option 5 Increasing Cover Option, where the Sum Assured increases by simple 5% p.a. or simple 10% p.a. as chosen by the Policyholder at inception.
No, Sum Assured Escalation Rate chosen at inception cannot be changed anytime during the Policy Term. As the premium is calculated considering to the Sum Assured Escalation Rate and since the premiums cannot change during the Policy Term, the Sum Assured Escalation Rate once chosen cannot be changed thereafter.
Retirement Age is applicable under Plan Option 3: Early Return of Premium Option and Plan Option 6: Sum Assured Reduction Option. For Plan Option 3, Policyholder has the option to select 60 years, 65 years, 70 years, or 75 years as Retirement Age at inception at which 100% of the Total Premiums Payable will be paid back to the Policyholder. The Retirement Age should be at least 5 years more than the age of the Life Insured at the end of the Premium Payment Term and less than the maturity age. For Plan Option 6, Policyholder has the option to select 60 years, 65 years, 70 years, or 75 years as Retirement Age at inception at which the Sum Assured chosen at inception decreases by either 25% or 50%. The Retirement Age should be at least 10 years more than the age of the Life Insured at inception of the Policy and less than the maturity age.
No, Sum Assured Reduction Rate or Retirement Age chosen at inception cannot be changed anytime during the Policy Term
No, there is no option for the Nominee to avail instalment of lump sum death benefit or discounted value of future instalment in lump sum.
No, there is no loan facility against this policy.
If you are unable to pay your policy premium by the due date, you will be given 30-day grace period, to pay your due premiums, during which your coverage will continue. however, In case of occurrence of death or Terminal Illness or critical illness during the grace period, the Company shall be entitled to deduct the unpaid Premium from the Benefits payable under the Policy.
If you don’t pay the due premium during the Grace Period during the Premium Payment Term, on expiry of the Grace Period, the Policy shall Lapse w.e.f. the due date of unpaid premium, and all benefits under the Policy, including the insurance cover, shall cease and no benefits shall be payable, however, you will have the option to revive the Policy within 5 years from the due date of first unpaid premium.
For Plan Option 2 and 3, if you don’t pay the due premium during the Grace Period during the Premium Payment Term, on expiry of the grace period, the Policy shall become Reduced Paid Up (RPU) Policy. The Policy will however lapse for ACI risk coverage, if any, and no ACI benefit will be payable thereafter.
Common Application Form – Major (E app) for ABSLI Poorna Suraksha Kawach needs to be filled.
Yes, this plan can be offered to NRIs provided the client is residing in the standard residency country.
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  • Disclaimer

    This Policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Return of Premium Option [ROP]) and Plan Option 3 (Early Return of Premium [EROP]) this product shall be a non-linked non-participating individual savings life insurance plan. All terms & conditions are guaranteed throughout the Policy Term. GST 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. This brochure contains only the salient features of the plan. For further details please refer to the Policy contract. This product shall also be available for sales through online channel. Tax benefits are subject to changes in the tax laws. For more details and clarification call your ABSLI Insurance Advisor or visit our website and see how we can help in making your dreams come true. UIN: 109N138V03
    Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
    *LI Age 35, Male, Non Smoker, Option 2: Return of Premium (ROP), PPT: Regular Pay, SA: 1 Cr., PT: Up to Age 85 (50 years), Annual Premium: Rs. 31,700 p.a., Rs. 2642 p.m. Premiums exclusive of GST. On death, 1 Cr SA is paid and the policy terminates. In case of survival until the end of the PT, Rs. 15,85,000 is returned as an ROP benefit.
    # Provided all due premiums are paid
    ADV/6/24-25/533