ABSLI Poorna Suraksha Kawach

ABSLI Poorna Suraksha Kawach is a comprehensive plan that offers the benefit of Return Of Premium and Early Return Of Premium along with the life insurance cover to secure your savings. The plan offers 6 plan options that suit the varied needs of the customers. This policy offers a high sum insured of 20 crore which is enough to cover a family or a group. A unique One-time Exit Value is available along with riders to enhance protection. It is a robust and flexible plan that is designed to meet a wide range of financial protection needs while offering additional benefits to secure your savings. Let us explore more about the plan in the later sections of this article.

Eligibility Table For ABSLI Poorna Suraksha Kawach

Read more specifications in the brochure.

 Key Features Of ABSLI Poorna Suraksha Kawach

The plan offers a plethora of benefits that are mentioned below:

Plan Options With Their Benefits

Benefits of ABSLI Poorana Suraksha Kawach

The plan offers the following benefits:

1. Death Benefit

   In case of the unfortunate demise of the insured during the policy term, the plan offers a lump sum payout to the beneficiary. The death benefit paid is 105% of the Sum Assured. The plan offers death benefits in cases:

   If the policyholder is diagnosed with a Terminal Illness or Critical Illness a lumpsum benefit is paid out for further treatment.

2. Survival Benefit

   On the survival of the policyholder, till the policy anniversary falls after the chosen retirement age, the survival benefit will be payable. This about will be equal to the Total Premiums Paid.

   Note: Survival benefit is not paid for the plan option: 1,3,4,5,6

3. Maturity Benefit

   The plan offers a maturity benefit if the policyholder outlives the policy.

4. Terminal Illness Benefit

   If the policyholder is diagnosed with a terminal illness the policy allows a sum of max 2 crore or 50% of SA to be paid as a lump sum benefit amount.

5. Accelerated Critical Illness Benefit

   If the insured is diagnosed with any critical illness, the policy pays them a max amount of INR 5,00,00 or 50% of the sum assured.

6. One Time Exit Value

   This is a feature that lets policyholder receive a lump sum equal to their total premium paid. It is available without extra cost but has a condition: you can use it after 30 policy years, excluding the last 5 years and it applies only to the base premium, not optional benefits.

7. Rider Benefit

   The plan offers 6 rider benefits or enhanced protection and they are:

   • ABSLI Accident Death Benefit Rider Plus
   • ABSLI Critical Illness Rider
   • ABSLI Surgical Care Rider
   • ABSLI Hospital Care Rider
   • ABSLI Waiver Of Premium Rider
   • ABSLI Accidental Deah And Disability Rider

Sample Premium Rates

Terms and Conditions

The plan doesn't cover the following conditions:

1. Suicide Cover

   The plan offers a suicide cover, after a waiting period of 12 months.

2. Terminal Illness Benefit Exclusion

   If the terminal illness is caused directly or indirectly due to any intentional self-inflicted injury, the policy will not cover the terminal illness.