Unit Linked Insurance Plans - All you need to know

  • Wealth With Protection Articles - ULIP Articles

In today's fast paced world, life changes in an instant. Where we may be healthy and happy one moment, the next moment can bring an irreversible change in our lives. Also, rising costs of living and inflation serve to take away a significant chunk of our income. This reduces the chances we may have of making investments and saving more money.

However, there is always a way to maximise one's earnings and make significant earnings through investments. We are referring to a useful investment instrument known as Unit Linked Insurance Policy (ULIP).

What are ULIPs?

ULIPs are investment options that offer the dual benefits of insurance with investment. These insurance plans are linked to the stock market and the premiums are paid in two components: one part pays the insurance premium, and the other part is invested in equity shares on the policy holder's behalf. The second component helps the insurer allot share scheme units to the policy holder. Every allotted unit has a specific value that changes daily based on market trends per business day.

ULIP plans help investors create a sound wealth corpus for the future. Also, the policy holder may choose the shares he or she wishes to invest in. This helps the policy holder exercise control over how much the eventual earning on the unit will be.

The ABSLI ULIP advantage:

Aditya Birla Sun Life Insurance has five excellent ULIP plans to choose from. These help investors grow their wealth while also staying protected through insurance. The ULIP policies provide significant wealth since the investment is essentially a long term one.

ABSLI Max Wealth Plan:

This is a protection and savings ULIP plan that offers three investment options: Lifecycle option, Systematic Transfer Option and Self-Managed Option. It allows investors the chance to top up the initial investment with additional funds at a later date.

ABSLI Wealth Aspire Plan:

This is one the best ULIP plans, offering four investment options: Smart Option, Systematic Transfer Option, Return Optimiser Option, and Self-Managed Option. The premium paying terms range from 5 to 40 years and the investor can top up the initial investment with more funds at a later date.

ABSLI Wealth Secure Plan:

This is an excellent unit linked plan that provides coverage to the entire family, as well as offers tax benefits under Sec 80C and 10(10D) of the Income Tax Act, 1961. It is a unique savings plan that provides lifetime coverage with premiums that range from Rs 20,000 (annually), Rs 30,000 (six-monthly) or Rs 60,000 (monthly or quarterly).

ABSLI Wealth Assure Plan:

This is a protection and savings ULIP plan that offers three investment options: Lifecycle option, Systematic Transfer Option and Self-Managed Option. It allows investors the chance to top up the initial investment with additional funds at a later date.

ABSLI Fortune Elite Plan:

This unit linked plan offers three investment options: Systematic Transfer Option, Return Optimiser Option and Self-Managed Option. It is one of the best ULIP plans that provide high returns on initial investment.

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ULIP Products

ABSLI Wealth Aspire Plan

This plan helps you accumulate substantial financial corpus and secure the financial future of your loved ones. UIN:109L100V05

  • Choose from 4 investment options
  • Flexibility to add top-ups
  • Tax Benefits1

ABSLI Wealth Secure Plan

This plan combines long term savings and whole life coverage so that you attain your goals with every life stage. UIN: 109L074V05

  • Choice of 3 investment options
  • Flexibility to add top-ups
  • Life cover for whole life

ABSLI Wealth Assure Plus Plan

It enables your wealth to grow with good returns from MNC fund, providing a secured financial future to achieve your life goals at different stages. UIN: 109L120V02

  • Choice of 2 plan options
  • Choice of 4 investment options
  • Flexibility to add top-ups

ABSLI Fortune Elite Plan

This plan provides insurance cover and opportunity of wealth preservation & enhancement, while you enjoy the lifestyle you have worked hard to attain.UIN:109L090V04

  • Choice of 4 investment options
  • Flexibility of partial withdrawals
  • Flexibility to add top-ups

ABSLI Wealth Max Plan

A single premium ULIP , which provides financial protection for your family and also gives you good returns. UIN: 109L073V05

  • Flexibility of partial withdrawals
  • Flexibility to add top-ups
  • Pay once and enjoy financial growth

ABSLI Wealth Infinia

A market-linked savings plan that returns policy charges and helps you build a legacy fund UIN: 109L129V01

  • Choice of 5 Investment Strategies and 16 Funds
  • Wealth Boosters and Loyalty Additions
  • Return of Premium Allocation Charge & Mortality Charge

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