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ABSLI Wealth Assure Plus

A non-participating unit linked life insurance plan

Introducing Aditya Birla Sun Life Insurance Wealth Assure Plus, which enables your wealth to grow over a long term while protecting it against death, critical illness and disability. With the benefits of MNC fund(1) in your portfolio, it helps in generating good returns. Also, you get up to 2.4 times(2) in the form of guaranteed additions. Thus, this plan provides a secured financial future to achieve your life goals at different stages.

(1)Multi-national company fund - SFIN ULIF03722/06/18ABSLIMUMNC109.

(2)Policy Term: 35 years | Premium: Rs.1 Lakh and above. Ratio may vary as per different parameters.


Your Choices

Plan Option – Choose between the 2 plan options at inception. The benefit to be paid to the nominee/policyholder in case of unfortunate death of life insured during the policy term

a. Classic Option – Sum Assured plus Policy Fund Value.

b. Assured Option – Sum Assured plus Policy Fund Value. Additionally on the occurrence of any Critical Illness or Total Permanent Disability the policy will continue till maturity and all the future installment premiums shall be paid by us on the premium due dates in the fund value.

Investment Options – You have a choice to invest your money in one of the 4 investment options.

Smart Investment Option – This option allows us to manage and administer your investment portfolio on your behalf and according to your risk profile.

Systematic Transfer Investment Option – This option helps mitigate any risk arising from market volatility and averages out the risks associated with the equity market.

Return Optimiser Investment 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.

Self-Managed Investment Option – You decide how to invest your money amongst our 16 segregated funds.

The guaranteed additions for premium Band 1 are given below:

In the form of additional units will be added to your policy:

Guaranteed Additions as % of Basic Premium
Policy Term
At the end of the Policy Year
10
15
20
25
30
35
15
10%
50%
-
-
-
-
20
10%
15%
50%
-
-
-
25
10%
15%
20%
50%
-
-
30
10%
15%
20%
25%
50%
-
35
10%
15%
20%
25%
30%
50%

For Band 2, the Guaranteed Additions will be enhanced by 10% of Basic Premium on policy maturity.

Upon the unfortunate death of the life insured during the policy term, we shall pay to the nominee

  • Basic Sum Assured; plus
  • Basic Fund Value as on the date of intimation of death.

In addition we shall also pay

  • Top-up Sum Assured; plus
  • Top-up Fund Value as on the date of intimation of death.

For definition on sum assured, please refer product brochure.

In case of the life insured suffering from any of the specified Critical illnesses or Total and Permanent Disability during the policy term all future premiums, if any, shall be paid by the Company. This benefit is only applicable if you have chosen Assured Option.

You will receive the Fund Value at maturity. On policy maturity date the maturity benefit can be availed as lump sum or as periodic instalments over a period of 5 years from date of maturity through settlement option.

For more details on settlement option, please refer product brochure.

The charges under this plan are Premium Allocation Charge, Fund Management Charge, Policy Administration Charge, Mortality Charge, Waiver of Premium (CI/TPD) Charge and Miscellaneous Charges.

For more details on these charges, please refer to the product brochure.

 
Classic Option
Assured Option
Entry Age (age last birthday) 30 days* to 55 years 18 to 50 years
Maturity Age 18 to 75 years 33 to 65 years
Policy Term^
15 | 20 | 25 | 30 | 35 years
Premium Paying Term
For Policy Term 15 years: 10 | 15 Pay
For Policy Term 20 | 25 | 30 | 35 years: 10 | 15 | 20 Pay
Basic Premium
Minimum Rs.24,000 p.a.
Basic Sum Assured
Minimum Rs.2,40,000 p.a.
Top-up Premium
Minimum Rs.5,000
Pay Mode
Annual, Semi-Annual, Quarterly, Monthly

*Risk commences from the first policy anniversary

^policy term of 15 years is not available to entry ages below 3 years


Rohit, 35 years old has decided to choose the Classic Option, pay a premium of Rs.100,000 annually for 10 years. His chosen Policy Term is 20 years with a Sum Assured of Rs.10,00,000. Rohit chooses Self-managed Option and invests in Maximiser(3) fund.

(3)SFIN ULIF01101/06/07BSLIINMAXI109.

His benefits have been detailed below:

Investment Return
Maturity Benefit
4%
Rs. 13,56,898
8%
Rs. 24,58,859

In the unfortunate event of Rohit's death in the 10th Policy year, following Benefit will be paid to his nominee(s):

Investment Return
Death Benefit
4%
Rs. 20,45,813
8%
Rs. 23,07,996

*The benefit amount indicated is a non-guaranteed illustrative figure and is subject to policy terms and conditions. The returns indicated at 4% and 8% are illustrative and not guaranteed and do not indicate the upper or lower limits of returns under the policy.

Please visit our website or ask your financial advisor for the benefit illustration for your policy.


Please click here to Download product brochure
Please click here to download policy contract
Disclaimer

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a unit linked life insurance plan. Aditya Birla Sun Life Insurance and ABSLI Wealth Assure Plus are only the names of the Company and Policy respectively and do not in any way indicate their quality, future prospects or returns. The name of the funds offered in this plan does not in any way indicate their quality, future prospects or returns. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of investment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. There is no guarantee or assurance of returns above the guaranteed returns from the investment funds. GST levied as per extant tax laws shall be deducted from the premium or from the allotted units as applicable. For more details on the risk factors, terms and conditions please read the 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/1/18-19/4072 VER1/FEB/2019.

UIN: 109L120V01