For added protection, you can enhance your risk coverage during the Policy Term by adding following riders at a nominal extra cost.
Product Specifications | |
Type of Plan |
A Unit-Linked Non-Participating Individual Life Insurance Savings Plan |
Coverage |
All Individuals (Male | Female | Transgender) |
Minimum Entry Age (age as on last birthday) |
18 Years |
Maximum Entry Age (age as on last birthday) |
50 years |
Maximum Maturity Age (age as on last birthday) |
75 years |
Minimum Premium |
Rs. 1,00,000 |
Maximum Premium |
No Limit (subject to Board Approved Underwriting Policy) |
Minimum Sum Assured |
Rs. 7,00,000 |
Maximum Sum Assured |
No Limit (subject to Board Approved Underwriting Policy) |
Premium Payment Term (PPT) |
6 | 8 | 10 | 12 Years |
Policy Term (PT) |
15 | 20 | 25 | 26 | 27 | 28 | 29 | 30 Years |
Premium Payment Mode |
Annual |
Use Case 1
Use Case 2
Use Case 3
Use Case 4
Use Case 5
Mr. Varma aged 35 years purchases ABSLI Param Suraksha with the details as given below:
He chooses Premium as his starting input point. Annualized Premium: Rs. 1,00,000 | Sum Assured: Rs. 30,00,000 | Sum Assured Multiple: 30X | Premium Payment Term: 12 years | Policy Term: 30 years | Investment Option: Self-Managed Option | Fund Chosen: Nifty Alpha 50 Index Fund | Premium Payment Mode: Annual
Mr. Varmasurvives the entire policy term. Return of charges will be added back to the fund value in the form of additional units.
3 quick steps, everything online.
ABSLI Param Suraksha is a unit linked, non-participating insurance plan is an exclusive solution tailored for all individuals which provides protection of a term plan and growth potential of a ULIP. This plan grows your wealth through market linked returns along with providing ample protection to your loved ones with Life Insurance cover for as high as 30X.
Yes, all individuals with minimum Annual Income of Rs. 5,00,000 are eligible for this plan.
No, the Policyholder will not have the flexibility to increase or decrease the Premium Payment Term under this plan.
This plan offers 5 investment strategies for the policyholders to choose according to their goals & risk appetite. Investment strategies as follows:-
i. Systematic Transfer Investment Option is an option for individuals who would like to eliminate the need to time one’s investments in the market.
ii. Return Optimiser Investment Option is an option for individuals who would like to have optimal participation in the capital markets while safeguarding their returns from any market related volatilities.
iii. Self-Managed Investment Option is an option for individuals who would like to have complete control over their investment.
iv. Smart Investment Option is an option for individuals who would like to take care of ever-changing financial needs as per their increasing age.
v. Life Cycle Investment Option is an option for individuals who would like to create an ideal balance between equity and debt, based on their age.
Yes, Policyholder can switch between different investment strategies any time after first policy year during the policy term. Policyholder can give Us a written notice to exercise this option. Upon exercising the option to change the Investment strategy, all Instalment Premiums will be allocated per the new Investment strategy from the date of such change confirmed in writing by Us. The existing Fund Value will be allocated per the new Investment Option.
$Basis age and PT chosen at policy inception
1Male | Age: 35 Years | Sum Assured: Rs. 1,00,00,000 | Sum Assured Multiple: 20X | Annualized Premium: Rs. 5,00,000 | Premium Payment Term: 6 years | Policy Term: 20 years | Investment Option: Self-Managed Option | Fund Chosen: Nifty Alpha 50 Index Fund | Premium Payment Mode: Annual | Comprehensive Critical Illness Rider: Platinum Variant (64 CIs) | Comprehensive Critical Illness Rider Sum Assured: 100% of Base Sum Assured: Rs. 1,00,00,000 | Comprehensive Critical Illness Rider Premium: Rs. 1,27,400 | Accidental Death Benefit Plus Rider Sum Assured: Rs. 1,00,00,000 | Accidental Death Benefit Rider Plus Premium: Rs. 13,800 | Waiver of Premium Rider: Rs. 18,723.
Plan Smarter, Live Better!