Eligibility Criteria for ABSLI Income Suraksha Plan

ABSLI Income Suraksha Plan - Eligibility

Check Your Eligibility

Type of Plan

A Non-Linked Non-Participating Life Individual Pure Risk Premium Plan

Coverage

All Individuals (Male | Female | Transgender)

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

Minimum

21 Years .

Maximum

55 years

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

Minimum

31 years

Maximum

70 Years

Premium Payment Term (PPT) & Policy Term (PT)

PPT	Min PT	Max PT
Limited Pay 5, 7, 10, 12, 15 and 20 Years	PPT + 5 Years	49 Years
Regular Pay	10	49 Years

Premium Payment Modes and Modal Factors

Annual | Semi-Annual | Quarterly | Monthly

Mode	Annual	Semi-annual	Quarterly	Monthly
Modal Factor	0%	4%	6%	8%

Sum Assured

Minimum	Maximum
Rs. 25,00,000	Rs. 25,00,00,000 (subject to Board Approved Underwriting Policy)

Discount

Male/Transgender	Female
7%	9%

*Annual income of Rs. 5,00,000 or above. This discount will apply to the first-year premium only

How to choose your Plan?

ABSLI provides you the flexibility to choose from below two plan options basis your needs and requirements. Step 1 : Choose Your Plan Option • Fixed Income Protection • Increasing Income Protection Step 2 : Choose the Monthly Income, Premium Payment Term and Policy Term Plan option, Monthly Income, Policy Term, Premium Payment Term and mode of premium payment chosen at inception cannot be changed thereafter. Premium will vary depending upon the Option chosen at inception.