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In this policy, investment risk in investment portfolio is borne by the policyholder.
Linked insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to withdraw/Surrender the monies invested in Linked Insurance Products completely or partially till the end of the fifth year from inception.

Your benefits:

Guaranteed Additions- You are rewarded for policy continuance in the form of additional units.

Death benefit-

Classic Option–In the unfortunate event the life insured dies while the policy is in effect, we will pay to the nominee/policyholder 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, 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 service tax).

In case where the death of the Life Insured takes place prior to risk commencement date, only the basic premiums paid (excluding service tax, if any)shall be payable as the Death Benefit.

Assured Option–In the unfortunate event the life insured dies while the policy is in effect, we shall pay immediately to the nomineethe Basic Sum Assured plus Top-up Sum Assured, if any

Death benefit shall never be less than 105% of total premiums paid to date +(excluding service tax)

The policy will not terminate once this death benefit is paid to the nomineeand 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 when due.
  • 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 allowed.
  • 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.

Maturity benefit - 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.

Surrender Benefit - 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.

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 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. Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai -400013. Registration no. 109 CIN:U99999MH2000PLC128110 ADV/6/17-18/567 VER2/JULY/2017

IRDAI hereby clarifies to the public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call and number.
Unique No: 109L100V03