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ABSLI Assured Income Plus

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Questions and Answers

Which one of the following best describes ABSLI Assured Income Plus?

A life insurance plan that provides guaranteed income and financial protection for the policyholder's family

A savings plan that offers guaranteed income and life insurance cover

A non-participating individual savings plan that offers limited pay and guaranteed returns (correct)

A non-linked life insurance plan that provides complete financial protection for the policyholder's family

What is the main feature of ABSLI Assured Income Plus?

Guaranteed returns for 20, 25, or 30 years (correct)

Investment opportunities

High life insurance coverage

Flexible premium payment options

What is the age criteria for eligibility in ABSLI Assured Income Plus?

Minimum entry age of 1 year (correct)

Minimum maturity age of 18 years

Minimum entry age of 30 years

Minimum entry age of 18 years

What type of plan is ABSLI Assured Income Plus?

Non-linked non-participating plan Signup and view all the answers

What does ABSLI Assured Income Plus provide in addition to guaranteed income?

Life insurance cover Signup and view all the answers

Which one of the following is true about ABSLI Assured Income Plus?

It provides guaranteed income and life insurance cover Signup and view all the answers

What is the premium paying term for ABSLI Assured Income Plus?

20, 25 or 30 years Signup and view all the answers

When does the risk coverage start for minors in ABSLI Assured Income Plus?

At the date of commencement of risk Signup and view all the answers

What is the minimum age at entry for ABSLI Assured Income Plus?

1 year Signup and view all the answers

What happens to the policy if the life insured is a minor in ABSLI Assured Income Plus?

The policy will automatically vest once the life insured attains the age of majority Signup and view all the answers