ABSLI Fortune Wealth Plan ensures that your money works for you and yields substantial benefits.
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Use Case 1
Use Case 2
Classic Option
Mr. Verma aged 35 years purchases ABSLI Fortune Wealth Plan
Annualized Premium: Rs. 1,00,000 | Premium Payment Term: 10 years | Policy Term: 20 years | Investment Option: Self-Managed Option | Fund Chosen: Maximiser | Premium Payment Mode: Annual | Sum Assured: Rs. 10,00,000.
Mr. Verma survives the entire policy term.
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Product Specifications | ||
Type of Plan | A Unit-Linked Non-Participating Individual Life Insurance Savings Plan | |
Coverage | All Individuals (Male | Female | Transgender) | |
Entry Age (age as on last birthday) |
Classic Option
Minimum – 30 days* Maximum – For 5 Pay: 50 years For 6 Pay & 7 Pay: 55 years For 8 Pay and above: 65 years |
Assured Option
Minimum -18 years Maximum -For 5 to 8 Pay: 45 years For 9 Pay and above: 50 years |
Maturity Age(age as on last birthday) |
Classic Option
Minimum: 18 years Maximum: For 5 to 7 Pay: 70 years For 8 Pay and above: 75 years |
Assured Option
Minimum: 28 years Maximum: 60 years |
Premium Payment Mode | Annual | Semi-Annual | Quarterly | Monthly | |
Minimum Annualized Premium | Rs. 40,000 p.a. for annual mode Rs. 45,000 p.a. for semi-annual mode Rs. 50,000 p.a. for quarterly and monthly mode Rs. 5,00,000 p.a. if the age at entry is between 61 to 65 years, both inclusive | |
Maximum Annualized Premium | No Limit (subject to Board Approved Underwriting Policy) | |
Minimum Sum Assured | Rs. 4,00,000 | |
Maximum Sum Assured | No Limit (subject to Board Approved Underwriting Policy) | |
Premium Payment Term (PPT) | Limited Pay:5 to 19 years Regular Pay: 10 to 20 years | |
Minimum Policy Term | 10 years (PPT+1) | |
Maximum Policy Term | 20 years | |
Premium Bands | ||
Band | Annualized Premium (Rs.) | |
Band 1 | 40,000 – 1,99,999 | |
Band 2 | 2,00,000 to 4,99,999 | |
Band 3 | 5,00,000 and above |
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Know more about ABSLI Cancer Shield Plan before you purchase it.
There is no maximum premium limit under this plan. The maximum premium allowed would be subject to Board Approved Underwriting Policy.
Policy premiums can be paid annually, semi-annually, quarterly or monthly. Premiums can be paid by cheque, credit card, demand draft, ECS or salary deduction (monthly mode only). For monthly mode, minimum two months premium is required to be paid upfront. ECS includes standing instruction, direct debit and other automated payment modes.
Top-ups are not allowed under this plan.
Yes, Policyholder will have the flexibility to increase or decrease the Premium Payment Term provided the policy is in-force and such increase or decrease is subject to boundary conditions of the product. Policyholder can exercise this option only after Annualized Premiums for first five policy years are paid in full.
Example: Mr. Bhatt opts for ABSLI Fortune Wealth Plan – Classic Option with Policy term of 20 years and Premium paying term of 10 years & chooses Smart Option. His annual premium is Rs. 1,00,000 and premium due date is 1st of January every year.
Mr. Bhatt in the 6th Policy year i.e. after paying 6 annual premiums realizes he won’t be able to pay the remaining 4 annual premiums due to financial instability (since his PPT is 10 years). He chooses to decrease his premium payment term to 8 years by opting for the Increase/Decrease in Premium Payment Term
Yes, Policyholder can switch between different Investment Options at any time after the completion of the first Policy Year, which will then be effective from the next policy anniversary. Only one Investment Option can be selected at a time.
Upon exercising the option to change the Investment Option, all Instalment Premiums will be allocated per the new Investment Option from the date of such change confirmed in writing by Us.
1Mr. Verma aged 35 years purchases ABSLI Fortune Wealth Plan – classic option with the details as given below: Annualized Premium: Rs. 1,00,000 | Premium Payment Term: 10 years | Policy Term: 20 years | Investment Option: Self-Managed Option | Fund Chosen: Maximiser | Premium Payment Mode: Annual | Sum Assured: Rs. 10,00,000. Mr. Verma survives the entire policy term.
The 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 from inception. The Past performance of the Unit linked fund(s) of the company is not necessarily indicative of the future performance of any of these Unit linked fund(s).
This is a unit-linked non-participating individual life insurance savings plan.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI).
Aditya Birla Sun Life Insurance and ABSLI Fortune Wealth Plan 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 indicate their quality, future prospects or returns.
The value of the 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. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document.
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 fund and factors influencing the capital market and the policyholder is responsible for his/her decisions.
GST and any other applicable taxes levied as per extant tax laws shall be deducted from the premium or from the allotted units as applicable.
An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc.
This brochure contains only the salient features of the plan. For further details, please refer to the policy contract.
This product shall also be available for sales through online channel.
In the Unit Linked Policy, the investment risk in the investment portfolio is borne by the Policyholder.
Tax benefits may be available as per prevailing tax laws. For more details and clarification call your ABSLI Insurance Advisor or visit our website and see how we can help in making your dreams come true.
“We”, “Us”, “Our” or “the Company” or “ABSLI” means Aditya Birla Sun Life Insurance Company Limited.
“You” or “Your” means the Policyholder.
For other terms and conditions, request your Agent Advisor or intermediaries for giving a detailed presentation of the product before concluding the sale. Should you need any further information from us, please contact us on the below mentioned address and numbers.
UIN: 109L143V01 ADV/6/24-25/519
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