ABSLI Assured Income Plus - Eligibility

Product Specifications

Type of Plan

A Non-Linked Non-Participating Individual Savings Life Insurance Plan

Coverage

All Individuals (Male | Female | Transgender)

Age of the Life Insured at Entry (age as on last birthday)

Minimum

1* year (subject to minimum maturity age of 18 years)

* In case the Life Insured is a minor, the Policy will automatically vest once the life insured attains the age of majority. The risk coverage for the minors will start from the Date of Commencement of Risk.

Maximum

60 years

Maturity Age of the Life Insured (age as on last birthday)

Minimum

18 years

Maximum

77 years

Premium payment term (PPT), Policy term (PT) and Benefit payout period

Premium payment term	Policy term	Benefit payout period^{^}
5 years	5 \| 6 \| 7 \| 8 \| 9 \| 10 years	20, 25, 30 years
6 years	6 \| 7 \| 8 \| 9 \| 10 \| 11 years	20, 25, 30 years
8 years	8 \| 9 \| 10 \| 11 \| 12 \| 13 years	20, 25, 30 years
10 years	10 \| 11 \| 12 \| 13 \| 14 \| 15 years	20, 25, 30 years
12 years	12 \| 13 \| 14 \| 15 \| 16 \| 17 years	20, 25 years

^{^}The Benefit payout period commences after the end of the policy term, during which the Survival Benefit is payable to the Policyholder. It is chosen at Policy inception and cannot be changed thereafter.

Minimum Annualized Premium

Rs. 50,000

Maximum Annualized Premium

No Limit (subject to Board Approved Underwriting Policy)

Premium Payment Modes and Modal Factors

Annual | Semi-Annual | Quarterly | Monthly

Mode	Annual	Semi-annual	Quarterly	Monthly
Modal Factors	0.0%	1.0%	1.5%	3.5%

Minimum Sum Assured

Rs. 5,50,000

Maximum Sum Assured

Subject to Board Approved Underwriting Policy

Benefit Options

The Policyholder at Policy inception can choose from the following two options:

Income Only Benefit
Income with Lumpsum Benefit The Benefit Option is chosen at inception and cannot be changed thereafter

Benefit Payout Frequency

The Benefit Payout Frequencies available are Annual, Semi-Annual, Quarterly, Monthly

ABSLI Assured Income Plus - Eligibility

Read more about Products and
Services

Credit Card – Compare and Select

Instant Savings and Growth

Personal Loan – Quick help anytime!

Home Loan – Dream come true

Download IDFC FIRST Bank App

ABSLI Assured Income Plus - Eligibility

Read more about Products and Services

Credit Card – Compare and Select

Instant Savings and Growth

Personal Loan – Quick help anytime!

Home Loan – Dream come true

Download IDFC FIRST Bank App

Read more about Products and
Services