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?

<p>Non-linked non-participating plan (D)</p> Signup and view all the answers

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

<p>Life insurance cover (B)</p> Signup and view all the answers

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

<p>It provides guaranteed income and life insurance cover (A)</p> Signup and view all the answers

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

<p>20, 25 or 30 years (A)</p> Signup and view all the answers

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

<p>At the date of commencement of risk (D)</p> Signup and view all the answers

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

<p>1 year (A)</p> Signup and view all the answers

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

<p>The policy will automatically vest once the life insured attains the age of majority (C)</p> Signup and view all the answers

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