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Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited
ABSLI Wealth Max Plan
IN THIS ULIP POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
Single Premium Unit-Linked Life Insurance
Flexibility to top-ups whenever you have additional savings
Give 10 Lakhs as single premium Get 30.83 lakhs at maturity1.
Why Buy ABSLI Wealth Max Plan?
Invest once and get benefits for full policy term
Get guaranteed additions by staying invested
Choice of 16 funds under Self-Managed Option
Add top-ups when you have additional savings
Benefits Of ABSLI Wealth Max Plan
ABSLI Wealth Max Plan gives better returns and financial protection to the family
Guaranteed Additions
You are rewarded for policy continuance in the form of additional units. For more details, read the product brochure.
Death Benefit
In the event of an unfortunate demise of the life insured (while the policy is in effect), we will pay to the nominee the higher of:...
Riders
Make your plan better with rider plans and save smart.
How Does ABSLI Wealth Max Plan work?
Use Case 1
Use Case 2
Use Case 3
Choose how much you want to pay and how long you want to remain invested. Your basic premium is payable only once.
You can choose a policy term of 5, 10, 15 or 20 years to suit your financial need. The minimum basic premium payable is 1,00,000 for a 5 and 10 year Policy Term and 2,00,000 for 15 and 20 year Policy Term. There is no upper limit on the amount you may contribute.
You may wish to invest additional amounts as top-up premiums anytime except during the last five years of the policy term.
The minimum top-up premium is `5,000 and the total top-up premiums paid cannot exceed the single basic premium paid. Top-up Sum Assured will be 125% of the top-up premium being paid.
Your Sum Assured2 under the plan is the total of Basic Sum Assured and Top-up Sum Assured.
Importance Of Cancer Insurance
You should buy cancer insurance. Here is why!
Increasing Cancer Possibilities:
1 in every 9 Indians develops cancer in their lifetime 3
Cancer treatment is expensive: In India, bearing the treatment cost of cancer is very challenging. Cancer treatment can cost Rs.20 Lakhs 4
Cancer impacts your finances: Cancer can increase your expenses by 36-44%4
Increasing risk of cancer: The risk of cancer in men will be 19% by the year 20254
Check Your Eligibility
Before buying ABSLI Wealth Max Plan
| Entry Age (age last birthday) | 30 days 3- 70 years, subject to minimum attained age of 18 at maturity |
| Policy Term | 5, 10, 15, 20 years |
| Premium Paying Term | Single Pay |
| Basic Premium | Minimum Rs. 1,00,000 for policy term 5 & 10 years Minimum Rs. 2,00,000 for policy term 15 & 20 years |
| Basic Sum Assured | 1.25 | 5 | 10 times the Basic Premium |
Better Returns With Peace Of Mind
Buy ABSLI Wealth Max Plan Now.
How To Claim Online?
3 quick, everything online
FAQs
The basic premium and top-up premium net of premium allocation charge will be used to purchase units in the various segregated fund/s offered under the ABSLI Wealth Max Plan and as chosen by you. The units purchased in the segregated fund is the monetary amount allocated to the segregated fund divided by its then prevailing unit price.
Yes. You are allowed to make unlimited partial withdrawals any time after (a) five complete policy years or (b) life insured attaining the age of 18, whichever is later. The minimum amount of partial withdrawal is Rs. 5,000. There is no maximum limit, but you are required to maintain a minimum Policy Fund Value of 50% of the basic premium paid plus 100% of any top-up premiums paid in the five years immediately preceding the date of withdrawal.
As per extant tax laws, this plan offers tax benefits* under Section 80C and Section 10(10D) of the Income Tax Act, 1961, subject to fulfilment of the other conditions of the respective sections prescribed therein.
You can monitor your investments On our website (https://lifeinsurance.adityabirlasunlifeinsurance.com); Through the semi-annual statement detailing the number of units you have in each segregated fund and their respective unit price as of the last policy anniversary; and Through the published unit prices of all segregated funds on our website as well as in the newspapers
The Systematic Transfer Option safeguards your wealth against the market volatilities. Under the Systematic Transfer Option, your premium (net of premium allocation charge) shall be first allocated to Liquid Plus fund option and thereafter, monthly 1/12th of the allocated amount shall be transferred to a segregated fund of your choice. You may choose any one segregated fund out of Income Advantage, Enhancer, Creator, Maximiser, Multiplier, Super 20, Value & Momentum and MNC Capped Nifty Index and Asset Allocation for your premiums to be transferred to. The transfers to your chosen segregated fund will take place monthly on 1st, 8th, 15th or 22nd of the month as selected by you. Any top-up premiums paid are invested directly into the target fund. For example, if person A aged 35 years, opts for Systematic Transfer Option with transfers on 15th of every month to Super 20: Premium/s net of premium allocation charges will be allocated in Liquid Plus Fund and thereafter on 15th of every month, 1/12th of initially allocated amount shall be automatically transferred to Super 20 Fund.
Self-Managed Option gives you access to our well-established suite of 16 segregated funds, complete control in how to invest your premium and full freedom to switch from one segregated fund to another. Our 16 segregated funds range from 100% debt to 100% equity to suit your particular needs and risk appetite – Liquid Plus, Income Advantage, Assure, Protector, Builder, Enhancer, Creator, Magnifier, Maximiser, Multiplier, Super 20, Pure Equity, Value & Momentum, Capped Nifty Index, Asset Allocation and MNC. If you wish to diversify your risk, you can choose to allocate your premiums in varying proportions amongst the 16 segregated funds. We record your allocation instructions as per the premium allocation percentages specified in the application form. Our only requirement is that the percentage allocated to any segregated fund be in increments of 5%, ranging from 5% to 100%. To meet your ever-changing investment needs, you have full flexibility to switch monies from one segregated fund to another at any time, provided the switched amount is for at least Rs.5,000. You can change from one investment option to another investment option any time after the first policy year. You can switch to Self-Managed Option or Systematic Transfer Option during the policy term. Switching to Systematic Transfer Option is allowed only at policy anniversary.
1Age 30 years healthy male, You give ₹10,00,000/- as single premium , policy term – 20 years, You get ₹30,83,011 (@8% assumed rate of return) or ₹ 12,83,391 (@4% assumed rate of return) depending on the funds(here chosen Maximiser fund: 100%). Life Cover ₹1,00,00,000, Premium Paying Term: Single Pay, Investment Option: Self Managed. Refer to policy brochure for more details."
*Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating unit linked life insurance savings plan. Aditya Birla Sun Life Insurance and ABSLI Wealth Max Plan are only the names of the Company and Policy respectively and do not in any way indicate their quality, future prospects or returns. In this policy, the investment risk in investment portfolio is borne by the policyholder. The name of the funds offered in this plan does 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 segregated 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. Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermedia 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. 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). There is no guarantee or assurance of returns above the guaranteed returns from the segregated funds. 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. This brochure contains the salient features of the plan. For further details please refer to the policy contract. 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. Insurance is the subject matter of solicitation
Linked Life insurance products are different from the traditional life insurance products and are subject to the risk factors.
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. 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 equity 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. Tax benefits may be available as per prevailing tax laws. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale.
UIN: 109L073V05 2Sum Assured is reduced for partial withdrawals as explained in the brochure.
3Risk commences when the life insured attains age 1
ADV/2/23-24/3611
Get immediate income payout after 1 day of policy issuance^
Plan Smarter, Live Better!
