Over the years, you have achieved success and accumulated wealth. Your priority now is to ensure your wealth and assets remain
protected for your future generations, while you enjoy the lifestyle you have worked hard to attain. Specially
designed to cater to your financial and estate planning goals, BSLI Fortune Elite is unit linked plan that provides
insurance coverage and the opportunity of wealth preservation and enhancement.
Under ABSLI Fortune Elite Plan, you decide how to invest your premiums in one of the three investment options - Systematic
Transfer Option, Return Optimiser Option or the Self-Managed Option.
In the form of additional units will be added to your policy:
- On 10th policy anniversary and on every 5 policy anniversary thereafter, Guaranteed Addition is
2.00% of the total premiums paid in the last 60 months
- In addition on 11 policy anniversary and every policy anniversary thereafter, Guaranteed Addition
is 0.35% of the average Fund Value in the last 12 months
After the completion of 5 policy years, non-negative residual additions, if any, shall be credited
to the policy in order to meet the maximum reduction in yield as in Regulation 37 of IRDAI (Linked
Insurance Products) Regulations, 2013.
In the unfortunate event the life insured dies while the policy is in effect, we will pay to the nominee the greater of
- Basic Fund Value as on date of intimation of death; or
- Basic Sum Assured
In addition we will also pay the greater of
- Top-up Fund Value as on date of intimation of death; or
- Top-up Sum Assured
The Sum Assured will be reduced by the partial withdrawals made from as follows:
- Before the life insured attains the age of 60, the Basic Sum Assured payable on death is reduced
by partial withdrawals made in the preceding two years
- Once the life insured attains the age of 60, the Basic Sum Assured payable on death is reduced
by all partial withdrawals made from age 58 onwards
Death benefit shall never be less than 105% of total premiums paid to date (excluding GST).
You will receive the Fund Value at maturity.
In case of emergencies, you can surrender your policy to us anytime during the policy term. Any such surrender will be treated
according to the complete withdrawal as mentioned in Policy Discontinuance section.
(2)In case of emergencies, you can surrender your policy to us anytime during the policy
term. Any such surrender will be treated according to the complete withdrawal as mentioned
in Policy Discontinuance section.
More details in the product brochure.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating unit linked life insurance savings plan. Aditya Birla Sun Life Insurance and ABSLI Fortune Elite Plan are only the names of the Company and Policy respectively and do not in any way indicate their quality, future prospects or returns. Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors' influencing the capital market and the insured is responsible for his or her decision. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document. The various funds offered under this contract are the names of the funds and do not any ways indicate the quality of these plans, their future prospects and returns. The name of the funds offered in this plan does not in any indicate their quality, future prospects or returns. The charges are guaranteed throughout the term of the policy unless specifically mentioned and subject to IRDAI approval. Aditya Birla Sun Life Insurance Company Limited (formerly Birla Sun Life Insurance Company Limited) Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Registration No. 109. ADV/10/17-18/969 VER1/OCT/2017