ABSLI Wealth Max Plan

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

Aditya Birla Sun Life Insurance Wealth Max Plan is a single-premium ULIP.It provides your family with the financial security and offers potential for better returns by investing in the market.

Key Features

  • 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

Investment Options

  • Systematic Transfer Investment Option

    This option safeguards your wealth against the market volatilities and averages out the risks associated with the equity market.

  • Self-Managed Investment Option

    Under this option, you get access to our well-established suite of 16 segregated funds and complete control over investing your premiums.

  • Guaranteed Additions

    You are rewarded for policy continuance in the form of additional units

  • 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:

    • Basic Fund Value as on date of intimation of death; or
    • Basic Sum Assured

    Besides, we will also pay the higher of:

    • Top-up Fund Value as on date of intimation of death; or
    • Top-up Sum Assured
  • Surrender Benefit

    In case of emergencies, you can surrender your policy to us anytime during the policy term. Any such surrender will be treated as mentioned in Policy Discontinuance section in brochure.

  • 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.

  • Entry Age (age last birthday) 30 days2- 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

    2Risk commences when the life insured attains age 1

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Frequently Asked Questions

  • Where is the premium amount invested?

    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.

  • What is the death benefit for this plan?

    In the event of unfortunate demise of the life insured (while the policy is in effect), we will pay to the nominee the higher of:

    • Basic Fund Value as on date of intimation of death; or
    • Basic Sum Assured

    Besides, we will also pay the higher of:

    • Top-up Fund Value as on date of intimation of death; or
    • Top-up Sum Assured
  • Can I withdraw funds partially in case there is a fund requirement?

    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.

  • Does this plan offer tax benefits?

    As per extant tax laws, this plan offers tax benefits1 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.

    1Tax benefits are subject to changes in tax laws. You are advised to consult your tax advisor for details.

  • How do I track and access my investments for this plan?

    You can monitor your investments

    • On our website (www.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
  • What is Systematic Transfer Option?

    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.

  • What is Self-Managed Option?

    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.

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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 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. 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. 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. 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. For further details please refer to the policy contract. Tax benefits are subject to changes in the 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. Insurance is the subject matter of solicitation. 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. Toll Free No. 1800-270-7000 www.adityabirlasunlifeinsurance.com CIN: U99999MH2000PLC128110 UIN: 109L073V05

ADV/9/20-21/1159

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.