ABSLI mAPP

ABSLI mAPP is an Application that allows the user to access and make use of the various facilities offered by the company in a more convenient and faster way. This is a result of the company’s decision to offer a more user-friendly experience to its customers through its mobile platform.The app consists of several modules that can be used by the customer more easily and conveniently. In addition to offering a quick and easy process, the app also provides an option to create an account for the customer to have a unique username and password to access the various modules in the app.

Types:

Life insurance policies in India cater to a variety of financial needs. Here are the main types:

Term Life Insurance: A pure protection plan offering high coverage at low premiums. It pays the sum assured to the beneficiary in case of the policyholder’s demise during the term but does not provide maturity benefits.

Whole Life Insurance: Provides life-long coverage, typically up to 100 years. It also includes a savings component, allowing you to build cash value over time.

Endowment Plans: Combines life insurance with savings. Offers a death benefit during the policy term and a maturity benefit if the policyholder survives the term.

Unit Linked Insurance Plans (ULIPs): Combines life cover with investment. A portion of the premium goes towards life insurance, while the rest is invested in equity or debt funds.

Child Plans: Designed to secure your child’s future by providing financial support for major milestones like education or marriage.

Pension/Retirement Plans: Helps build a retirement corpus. Offers a regular income post-retirement, ensuring financial independence.

Money-Back Plans: Provides periodic payouts during the policy term along with life cover, offering liquidity for planned expenses.

Features:

Effortless Policy Management: Take control of your insurance policies with ease. ABSLI mAPP allows you to view, manage, and update your insurance plans from the convenience of your mobile device. Access policy details, track premium payments, and stay informed about your coverage anytime, anywhere.

Manage Your Policies with Ease: ABSLI mAPP makes it simple to manage all your insurance policies in one place. View policy details, check your coverage, and keep track of premium payments effortlessly. Stay organized and in control of your insurance needs with just a few taps.

Access Real-Time Information: Get instant access to real-time information about your policies. The app provides up-to-date details on your coverage status, payment history, and more. Stay informed and make decisions with confidence, knowing you have the latest information at hand.

Streamlined Claims Process: Need to file a claim? ABSLI mAPP streamlines the process, allowing you to submit and track claims directly from the app. Enjoy a hassle-free experience with clear instructions and real-time updates on the status of your claim.

Convenient Premium Payments: Simplify your premium payments with ABSLI mAPP. Make secure, hassle-free transactions directly from your phone. Set up automatic payments, view payment history, and ensure your policies remain active without any interruptions.

Instant Access to Customer Support: Need assistance? ABSLI mAPP provides instant access to customer support services. Connect with our dedicated support team for prompt resolutions to your queries and concerns. Get the help you need with just a few taps.

Conclusion:

Life Insurance is a financial contract between you and an insurance company, where the insurer promises to pay a specified sum of money to your beneficiary in the event of your demise during the policy term. It serves as a financial safety net, ensuring that your loved ones are financially secure even in your absence. Life insurance can also include savings or investment components, depending on the type of policy.