ABSLI Wealth Aspire Plan
A unit linked life insurance plan
In the pace that the world is moving today, security of your loved
one's is a big concern. Your hard work is always directed towards
accumulating sufficient wealth for them. Hence, it is important to
organize your efforts in a way that works the best for you.
Aditya Birla Sun Life Insurance Wealth Aspire Plan ensures that you
fulfil your responsibilities without any trouble by empowering you
with a personalized wealth creation plan. It helps you accumulate
substantial financial corpus using its wealth features and allows you
to fulfil your duties by securing the future of your loved ones.
How does the plan work?
- STEP 1: Choose the Plan Option
- STEP 2: Choose the Basic Premium and the Basic Sum Assured
- STEP 3: Choose Premium Paying Term & Policy Term
- STEP 4: Choose the mode of payment i.e. monthly, quarterly, semi-annual or annual
- STEP 5: Choose Investment Option
Tax benefits under section 80C and section 10(10D) of the Income Tax Act, 1961(1)
(1)Tax benefits are subject to changes in tax laws. Please consult your tax advisor for more details.
You are rewarded for policy continuance in the form of additional units.
-In the unfortunate event the life insured dies while the policy is in effect,
we will pay to the nominee/policyholder the greater of
In addition we will also pay the greater of
- Basic Fund Value as on date of intimation of death;or
- Basic Sum Assured
- Top-up Fund Value as on date of intimation of death, if any ; or
- Top-up Sum Assured
However the minimum Basic Sum Assured payable on death after partial withdrawals shall never be less
than Basic Premium multiplied by 10.
Death benefit shall never be less than 105% of total premiums paid to date (excluding GST).
In case where the death of the Life Insured takes place prior to risk commencement date, only the
basic premiums paid (excluding GST, if any)shall be payable as the Death Benefit.
In the unfortunate event the life insured dies while the policy is in
effect, we shall pay immediately to the nominee the Basic Sum Assured plus Top-up Sum
Assured, if any Death benefit shall never be less than 105% of total premiums paid to
The policy will not terminate once this death benefit is paid to the nominee and it
continues till policy maturity date. On continuation of the policy:
- Risk cover ceases immediately.
- Future installment premiums shall be paid by us when due to be paid.
- Fund Value will remain invested in the segregated funds and investment option
existing at the time of death of the Life Insured
- Guaranteed Additions, when applicable shall be added to the Fund Value as and
- All policy charges shall be deducted as and when due, except mortality charge.
- Top up premiums, partial withdrawals, surrenders, switch between investment
options, segregated fund switch or any premium redirection by the nominee is not
- Maturity benefit shall be paid to the nominee.
The Death Benefit shall always be determined as of the date we receive intimation of
death of the Life Insured.
You will receive the Fund Value at maturity. You can choose to receive
the maturity benefit as lumpsum or as periodic instalments over a period of 5 years from
date of maturity through settlement option.
In case of emergencies, you can surrender your policy to us anytime during the policy term.
For more details on the above mentioned benefits, please refer to the product brochure.
Our policy charges
The charges under this plan are Premium Allocation Charge, Fund
Management Charge, Policy Administration Charge and Mortality Charge.
For more details on these charges, please refer to the product brochure.
Under this option, your portfolio will be structured as per your maturity date and risk profile.
Over time the allocation is managed such that it will automatically switch from riskier assets
to safer assets progressively as your plan approaches maturity.
Systematic Transfer Option
This option safeguards your wealth against the market volatilities and is available only if you
have opted for annual mode. Under STP, at inception you can choose to transfer the fund on
monthly basis or weekly basis. You may choose up to 4 funds for your premium to be
Return Optimiser Option
This option enables you to take advantage of the equity market, protect your gains from the
future market volatility and create a more stable sequencing of investment returns.
For more details on the plan, please refer to our product brochure.
Under this option, you get access to our well established suite of 15 segregated funds,
complete control in how to invest your premiums and full freedom to switch from one
segregated fund to another.
|Entry Age (age last birthday)
||Minimum - 30 days*
Maximum - For 5 Pay: 50 years
For 6 Pay & 7 Pay: 55 years
For 8 Pay and above: 60 years
|Minimum - 18 years
Maximum - For 5 Pay, 6 Pay & 7 Pay: 45 years
For 8 Pay and above: 50 years
||18 to 70 years
||28 to 60 years
||Minimum - 10 years
Maximum - For 5 Pay: 20 years
For 6 Pay: 35 years
For 7 Pay and above: 40 years
|Minimum - 10 years
Maximum - For 5, 6 & 7 Pay: 15 years
For 8 pay and above: 40 years
|Premium Paying Term (PPT)
5 to 40 years
|Minimum Basic Premium
Rs. 30,000 for annual mode
Rs. 36,000 for semi-annual mode
Rs. 48,000 for quarterly and monthly mode
|Minimum Sum Assured
Minimum Rs. 5,000
*Risk commences from the first policy anniversary
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating unit
linked life insurance savings plan. 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. Aditya Birla Sun Life Insurance Company Limited (ABSLI) is only the
name of the Insurance Company and ABSLI Wealth Aspire Plan is only name of the unit linked life insurance contract and does not
in any way indicate the quality of the contract, its future prospects or returns. 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 way indicate the quality of these plans, their future prospects and returns. For more details on
risk factors, terms and conditions please read sales brochure carefully before concluding the sale. 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. IRDAI reg no.109
CIN:U99999MH2000PLC128110 ADV/3/17-18/1994 VER1/MAR/2018