Aditya Birla Term Insurance
ABSLI Poorna Suraksha Kawach is a comprehensive term insurance plan th ...Read More
A quick read on what this Aditya Birla Term Insurance term plan covers and why it might be a fit for you.
ABSLI Poorna Suraksha Kawach is an insurance plan with return of premium and life cover benefit. It also provides an early return of premium option to support liquidity requirements during the policy term. The plan focuses on protection plus savings. You get financial safety for your family with premium refund benefits if you survive the policy term. It also includes the critical and terminal illness coverage, helping you handle major health risks without breaking financial stability.
One of the many benefits of the plan is the ability to increase your sum insured at major life stages such as marriage, and the birth of your child.
Here are some key features of this plan:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the ABSLI Poorn Suraksha Kawach works with a simple premium illustration.
Mr Rahul Srivastava is a 35-year-old Bareilly-based government teacher. He is looking for a term insurance plan that offers inbuilt critical illness benefits with affordable premiums.
He visited Policyx.com to learn more about these term plans. PolicyX.com carefully analyzed his query and suggested him to go with ABSLI Poorn Suraksha Kawach plan.
Let us see a brief illustration of Mr. Rahul Srivastava's ABSLI Poorna Suraksha Kawach Plan.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 35 years | Rs 25,987 | 25 years | 25 years | Rs 649675 | Rs 75 Lakh |
Key Takeaways: Mr.Rahul Srivastva will covered up to the age of 60 years. In case of an unfortunate event, his nominee will receive a sum assured of Rs. 75 lakhs.
You can add the following riders to your ABSLI Poorna Suraksha Kawach:
This rider offers additional protection for accidents leading to death and disability at an affordable cost.
This rider offers a lumpsum amount in case of diagnosing listed critical illnesses.
This rider offers a lumpsum amount to cover surgical expenses.
Key features that make ABSLI Poorna Suruksha Kawach stand out.
Six Plan Options
ABSLI Poorna Suraksha Kawach offers six different plan options covering comprehensive protection and cover vast needs of every unique customer.
Return of Premiums
With the ABSLI Poorna Suraksha Kawach term plan, you can get back all the paid premiums upon surviving the whole policy term.
Special Exit Value
ABSLI Poorna Suraksha term Plan offers special exit value to its customers. Through this feature, you can exit from your plan before the policy completion.
Critical Illness Benefit
ABSLI Poorna Suraksha term plan offers the inbuilt feature of covering 42 critical illness diseases.
Here are the key benefits of the ABSLI Poorna Suruksha Kawach.
Death Benefit
In case of unfortunate demise of the life insured during policy term, ABSLI Poorna Suraksha Kawach offers death benefits among the highest of the following: 10 times of annual premium, 105% of the total premium paid, sum assured to lumpsum amount.
Maturity Benefit
Once life insured survives the whole policy term, ABSLI Poorna Suraksha Kawatch returns back all the paid premiums.
Tax Benefits
All the premiums paid for ABSLI Poorna Suraksha can be used to claim tax benefit upto Rs. 1.5 lakhs under section 80C and upto 2.5 Lakhs under section 10(10D) of the income tax act.
Here is the list of exclusions associated with the plan:
ABSLI Poorna Suraksha Kawach is a versatile insurance plan with six options, offering comprehensive life coverage, Return of Premium, and Early Return of Premium. The benefits also include survival and maturity. The plan offers a high sum insured, which is enough for a family for all-inclusive coverage. In case you want to know more about this plan, you can contact PolicyX.com. Our certified insurance advisors work 24/7 to solve every query of yours ar zero cost.
ABSLI Poorna Suraksha Kawach is a versatile insurance plan with six options, offering comprehensive
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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