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Notifications

  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on +44 7831 065557 or visit the nearest Metra Trust branch for further queries.

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ABSLI Salaried Term Plan - 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
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. 5,00,00,000
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 Salaried Term Plan provides you the flexibility to customize Your Death Benefit basis your needs and requirements.

Step 1: Choose Your Death Benefit Option

  • Life Cover
  • Life Cover with ROP
  • Fixed Income Cover
  • Increasing Income Cover
Step 2: Choose the Income Benefit Period (For Variant 3 and 4 )
  • 10, 15 or 20 years of Income
Step 3: Choose the Income Escalation Rate (For Variant 4 only)
  • 5 % or 10% (Simple Interest)
Benefit options, Sum Assured, 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.

 

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