ABSLI Wealth Aspire Plan

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

ABSLI Wealth Aspire Plan helps you achieve the life objectives you have for yourself and your family  by offering greater flexibility in protection and wealth accumulation.

Key Features

  • Flexibility to choose from 2 plan options to suit your aspirations
  • Flexibility of partial withdrawals to meet any emergency fund requirements
  • Flexibility to choose from 4 investment options to suit your investment needs
  • Flexibility to add top-ups whenever you have additional savings

Investment Options

  • Smart Option

    Under this option, your portfolio will be structured as per your maturity date and risk profile. Over time, the allocation is managed such that it will automatically switch from riskier assets to safer assets, progressively, as your plan approaches maturity.

  • Systematic Transfer Option

    This option safeguards your wealth against market volatility and is available only if you have opted for annual mode. Under STO, at inception, you can choose to transfer the fund on monthly basis or weekly basis. You may choose up to 4 funds for your premium to be transferred to.

  • Return Optimiser Option

    This option enables you to take advantage of the equity market, protect your gains from future market volatility and create a more stable sequencing of investment returns.

  • Self-Managed Option

    Under this option, you get access to our well-established suite of 16 segregated funds, complete control in how to invest your premiums and full freedom to switch from one segregated fund to another. For the above 4 investment options kindly refer to sales brochures for detailed explanation

  • 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
     
  • Assured Option

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

    The policy will not terminate once this death benefit is paid to the nominee and it continues till policy maturity date.

    Please refer product brochure for details.

  • Maturity Benefit

    You will receive the Basic Fund Value plus the Top-Up Fund Value as of that date at the end of the Policy Term.

  • 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 Policy Discontinuance section in the sales brochure.

  • Entry Age (age last birthday)
     Classic Option  Assured Option

    Minimum - 30 days*
    Maximum - For 5 Pay: 50 years

    For 6 Pay and 7 Pay: 55 years For 8 Pay and above: 65 years

    Minimum - 18 years
    Maximum - For 5 to 8 Pay: 45 years

    For 9 Pay and above: 50 years

  • Maturity Age
     Classic Option  Assured Option

    For 5 to 7 Pay: 18 to 70 years
    For 8 Pay and above: 18 to 75 years

    28 to 60 years

  • Policy Term

    Minimum – 10 years Maximum –40 years

  • Premium Paying Term

    5 to 40 years

  • Minimum Basic Premium

    Rs. 40,000 for annual mode

    Rs. 45,000 for semi-annual mode

    Rs. 50,000 for quarterly and monthly mode

    Rs. 5,00,000 p.a. if the age at entry is between 61 to 65 years, both inclusive.

  • Minimum Sum Assured

    Rs. 4,00,000

  • Top-up Premium

    Minimum Rs. 5,000

    *risk commences from the first policy anniversary.

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Frequently Asked Questions

  • What is Basic Fund Value?

    Basic Fund Value is equal to the number of units pertaining to basic premiums allocated to the segregated fund/s chosen by you multiplied by its then prevailing unit price.

  • What is Top Up Fund Value?

    Top-up Fund Value, if any, is equal to the number of units pertaining to top-up premiums allocated to the segregated fund/s chosen by you multiplied by its then prevailing unit price.

  • What is Policy Fund Value?

    Policy Fund Value under this plan is the total of Basic Fund Value and Top-Up Fund Value, if any. The Policy Fund Value represents the total value of your investments to date, and is the balance of all units allocated to the segregated fund/s chosen by you multiplied by its then prevailing unit price.

  • Is this a plan for smokers?

    This plan is issued to both smoker and non smoker

  • What are different policy terms for this life insurance plan ?

    Policy terms:

    • Minimum: 10 years
    • Maximum: 40 years
  • How much top-up can I add for savings with this plan?

    With this wealth creation plan, you get the flexibility to add top-ups whenever you have additional savings. The minimum top-up premium is Rs. 5,000.

  • What type of investment options does it cover?

    Under ABSLI Wealth Aspire Plan, you decide how to invest your premiums in one of the four investment options - Smart Option, Systematic Transfer Option, Return Optimiser Option or the Self-Managed Option Under Smart option, your portfolio will be structured as per your maturity date and risk profile. Over time the allocation is managed such that it will automatically switch from riskier assets to safer assets progressively as your plan approaches maturity. Systematic Transfer Option is for individuals who would like to eliminate the need to time one’s investments in the market. Return Optimiser option is forindividuals who would like to have optimal participation in the capital markets while safeguarding their returns from any market-related volatilities. Self-Managed Option is forindividuals who would like to have control over their investment.

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Disclaimer

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. This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating unit linked life insurance plan. Aditya Birla Sun Life Insurance and ABSLI Wealth Aspire 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. In this plan, the investment risk in the investment funds chosen by you is borne by you. Investment funds are subject to investment risks and unit prices may go up or down reflecting the market value of the underlying assets. 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. Past performance is no guarantee of future results. 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. 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 segregated 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 segregated funds. Goods and Service Tax 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. The insurance cover for the life insured will commence on the policy issue date.. Tax benefits are subject to changes in the tax laws. 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 Registered Office: One World Center Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai -400013.www.adityabirlasunlifeinsurance.com. Toll free no. 1800-270-7000 IRDAI reg no.109 CIN: U99999MH2000PLC128110 VER1/NOV/2019 UIN:109L100V05

ADV/9/20-21/1179

Need help with life insurance?

+91
I agree to the Terms of Usage and Privacy Policy and authorize Aditya Birla Sun Life Insurance Company Limited and its associates to call/SMS/Email/WhatsApp me.

Thank you for your details. We will reach out to you shortly.

1800-270-7000 or reach out to us on this number.

Thank you for your details. Currently we are facing issue in our system.

1800-270-7000 or reach out to us on this number.