ABSLI Poorna Suruksha Kawach
- 6 Plan option
- Increasing or decreasing SA benefit
- Special exit value
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15 min read
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.
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:
Minimum Age - 18 years Maximum Age - 65 years
Maximum Maturity Age - 85 years
Minimum term - 5 years Maximum term - 55 years
Base sum assured: 50 Lacs to 20 Crore.
The policy loan is not available under ABSLI Poorna Suruksha Kawach
Annual, half-yearly, quarterly & monthly
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.
Here are the benefits associated with the ABSLI Poorna Suruksha Kawach
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.
Once life insured survives the whole policy term, ABSLI Poorna Suraksha Kawatch returns back all the paid premiums.
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.
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.
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.
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Bindiya is a seasoned content writer specializing in keeping readers acquainted with the insurance industry, term insurance developments, and life insurance sector shifts. With an experience of 3 years in insurance, Bindiya ensures that her readers stay well informed with the insurance developments and factually correct information.
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