Hello everyone, do you have ever read about ‘Aditya Birla Group‘, If yes then you will very well knows about its Life Insurance plan, which is covered by its subsidiary ‘Sun Life Insurance‘. Recently on 22nd September, 2022 Sun Life Insurance has launched a scheme name ‘ABSLI Akshaya Plan‘ for their users and in this post we will know everything about this scheme. So guys lets start full details about this plan.
What is ABSLI Akshaya Plan 2022?
The full form of ABSLI is Aditya Birla Sun Life Insurance Company Limited. Recently it has launched an ‘Akshaya Plan‘ for its customer. This plan covers your full family life insurance up to 100 years with including some cash bonus.
You have to pay some money for this scheme and you can get all advantages of this ‘Akshaya Plan‘ plan. Lets see what kind of advantages we can get from ‘Akshaya‘ scheme.
Advantages of taking ‘Akshaya Plan‘ scheme 2022
If you will take Akshaya Plan scheme from ABSLI then you will get following advantages –
Bonus
If you take the policy of Akshaya Plan then there is an advantage for policyholder to take cash bonus at the end of first year of policy but you have to provide a regular source of income.
Also the policy holder have an opportunity to receive Cash Bonus (If declares) in Annual, Semi- Annual, Quarterly or Monthly basis. It is payable at the end of Annual, Semi-Annual, Quarterly and Monthly basis.
Death Benefits
If you will take this scheme then you have not to care about your family after your death because this scheme will give you a huge amount of money after the death of the insured person nominee.
Maturity Benefits
If the insured person is alive after the maturity period of its insurance plan then this Akshaya will give you some more advantages which will give you too much happiness.
Policy Loan
You may also take loan from Akshaya scheme if you have taken its plans but for this you have to acquired a surrender value of your plan. From this you may take a minimum of ₹5,000 loan and maximum of 80% of the acquired surrender value of your policy plan.
Tax Benefits
As we all know very well that if we take insurance then we get some discount when we pay our income tax. Similarly if you take premium plans of Akshaya scheme then you can save more tax.
Eligibility Criteria
If you want to take Akshaya Plan scheme then you have to check some eligibility criteria before buying this plan.
Plan Type
Before taking a plan you should understand about the type of plan. Akshaya scheme is a non-linked saving life insurance plan which is available for individual.
Coverage
Akshaya Plan scheme is available for all individuals means this plan can be take by all Males, Females and Transgenders.
Benefit Criteria
You may take Akshaya Plan scheme for two terms –
- Long Term Plan
- Whole Life Plan
But you have to understand that if you have take any one of them then you cannot change your plan in future.
Premium Payment Term (PPT)
Akshaya scheme can take by the individuals for these years –
- 6 Years
- 8 Years
- 10 Years
- 12 Years
- 15 Years
Age Criteria
If you want to take the benefits of Akshaya scheme then your age must be –
- Minimum – 30 Years
- Maximum – 55 Years
Plan Maturity Age
Your Akshaya Scheme will mature in following years –
- Long Term Plan – 84 Years
- Whole Life Plan – 85 – 100 Years
Premium Amount for Akshaya Plan Scheme
If you want to take Akshaya Scheme then you have to spend these amount in scheme –
- Minimum – ₹2000 Per Month [yearly – ₹24,000]
- Maximum – No limit
Conclusion
So guys this is all about Akshaya Scheme and I hope you have understand its benefits and eligibility criteria and I think now you have no any doubt about Akshaya scheme.
In this post I have given you information about Akshaya scheme and if you want to read this plan in full detail then you can read from this link – ABSLI Akshaya Scheme.
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