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In ULIP policy, investment risk in the investment portfolio is borne by the policyholder

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ABSLI Wealth Assure Plus

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In this policy, investment risk in the investment portfolio is borne by the policyholder.

What is the ABSLI Wealth Assure Plus about?

ABSLI Wealth Assure Plus is a unit linked insurance plan which provides you with an opportunity of long-term wealth creation while protecting it against death, disease and disability.

What are the key features of the ABSLI Wealth Assure Plus?

  • Long term wealth creation against death, critical illness and disability
  • Benefits of MNC fund for the first time in your ULIP portfolio
  • No premium allocation or policy administration charges after 10th policy anniversary
  • Flexibility to choose between Classic and Assured plan options
  • Flexibility to choose between 4 investment options to suit your investment preferences
  • Flexibility to add top-ups whenever you have additional savings
  • Flexibility of partial withdrawals to meet any emergency fund requirements.
  • Avail tax benefits u/s 80C & 10(10D). Tax benefits are subject to changes in tax laws

What are the choices available with ABSLI Wealth Assure Plus offer?

Plan Options

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

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

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

Systematic Transfer Option

This option helps mitigate any risk arising from market volatility and averages out the risks associated with the equity market.

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.

Self-Managed Option

You decide how to invest your money amongst our 16 segregated funds.

Fund Details

Liquid Plus (ULIF02807/10/11BSLLIQPLUS109)

Assure (ULIF01008/07/05BSLIASSURE109)

Magnifier (ULIF00826/06/04BSLIIMAGNI109)

Capped Nifty Index (ULIF03530/10/14BSLICNFIDX109)

Protector (ULIF00313/03/01BSLPROTECT109)

Creator (ULIF00704/02/04BSLCREATOR109)

Maximiser (ULIF01101/06/07BSLIINMAXI109)

Value & Momentum (ULIF02907/10/11BSLIVALUEM109)

Income Advantage (ULIF01507/08/08BSLIINCADV109)

Enhancer (ULIF00213/03/01BSLENHANCE109)

Pure Equity (ULIF02707/10/11BSLIPUREEQ109)

Builder (ULIF00113/03/01BSLBUILDER109)

Asset Allocation (ULIF03430/10/14BSLIASTALC109)

Multiplier (ULIF01217/10/07BSLIINMULTI109)

Super 20 (ULIF01723/06/09BSLSUPER20109)

MNC (ULIF03722/06/18ABSLIMUMNC109)

What benefits does the ABSLI Wealth Assure Plus offer?

Guaranteed Additions

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.

Death Benefit

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.

Waiver of premium on Critical Illness or Total and Permanent Disability (TPD)

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.

Maturity Benefit

You will receive the Basic Fund Value plus the Top-up fund Value as of that date at maturity.

Surrender benefit

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.

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

What are the policy charges in this plan?

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.

Goods and Services Tax (GST)

GST, as applicable, will be extra and levied as per the extant tax laws.

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

What is the criteria to apply for a ABSLI Wealth Assure Plus?

Here’s the eligibility criterion:

  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

How does the plan work

ABSLI Wealth Assure Plus

Entry Age 26 years Annual Premium (in Rs.) 96,000
Gender Male Premium Paying Term 15 years
Policy Term 15 years Pay Frequency Monthly
Sum Assured INR 12,00,000 Plan Type Classic
Policy Year Annualized Premium Policy Value at 4% Gross Yield Policy Value at 8% Gross Yield
Fund Value Surrender Benefit Death Benefit Fund Value Surrender Benefit Death Benefit
1 96000 89,035 85,473 1,049,035 90,935 87,298 1,050,935
2 96000 180,459 177,579 1,140,459 187,923 185,043 1,147,923
3 96000 274,352 272,432 1,234,352 291,410 289,490 1,251,410
4 96000 370,776 370,776 1,330,776 401,826 401,826 1,361,826
5 96000 469,793 469,793 1,429,793 519,633 519,633 1,479,633
6 96000 571,213 571,213 1,531,213 645,083 645,083 1,605,083
7 96000 675,410 675,410 1,635,410 778,995 778,995 1,738,995
8 96000 782,450 782,450 1,742,450 921,931 921,931 1,881,931
9 96000 892,404 892,404 1,852,404 1,074,495 1,074,495 2,034,495
10 96000 1,014,941 1,014,941 1,974,941 1,246,926 1,246,926 2,206,926
11 96000 1,139,571 1,139,571 2,099,571 1,429,995 1,429,995 2,389,995
12 96000 1,267,617 1,267,617 2,227,617 1,625,449 1,625,449 2,585,449
13 96000 1,399,160 1,399,160 2,359,160 1,834,115 1,834,115 2,794,115
14 96000 1,534,280 1,534,280 2,494,280 2,056,879 2,056,879 3,016,879
15 96000 1,721,060 1,721,060 2,681,060 2,342,681 2,342,681 3,302,681

The above values are illustrative and for a healthy male. The assumed rates of return 4% and 8% are not guaranteed and they are not the upper or lower limits of what one might get back as the value of the policy is dependent on a number of factors including future investment performance.

How does one apply for ABSLI Wealth Assure Plus?

  • STEP 1:Choose Plan option
  • STEP 2: Choose Basic Premium and Policy Term
  • STEP 3: Choose Pay Mode
  • STEP 4: Choose Basic Sum Assured
  • STEP 5: Choose Investment Option

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This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating unit linked life insurance plan. Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year. 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 names of the funds offered in this plan do not in any way 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. The value of the Investment Fund reflects the value of the underlying investments. These investments are subject to market risks and change in fundamentals such as tax rates etc affecting the investment portfolio. 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 from the investment funds. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.


Aditya Birla Sun Life Insurance Company Limited, Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company.

Registered Office:
One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013.
Registration No. 109
UIN: 109L120V02


  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.