ABSLI Wealth Secure Plan

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

Aditya Birla Sun Life Insurance Wealth Secure Plan combines long term savings and whole life coverage specially designed for you to focus on your goals and maximise savings for your future.

Key Features

  • Limited payment option, whole life policy
  • Flexibility to choose from 3 investment options
  • Guaranteed Additions for staying invested
  • Flexibility to add top-ups

Investment Options

  • LifeCycle Option

    This option allows us to manage and administer your investment portfolio on your behalf and according to your risk profile

  • Systematic Transfer Option

    With this investment option you can systematically participate and eliminate the need to time your investments into the market

  • Self-Managed Option

    Self-Managed Option gives you access to our well-established suite of 16 investment funds, complete control in how to invest your premiums and full freedom to switch from one investment fund to another

  • Guaranteed Additions

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

  • Death Benefit

    In the unfortunate event the life insured dies while the policy is in effect, we will pay to the nominee 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; or 
    • Top-up Sum Assured
  • Surrender Benefit

    The Limited Premium Paying Term Policy can be surrendered at any time during the policy term. For more details on the above mentioned benefits, please refer to the product brochure.

  • Entry Age (age last birthday) 30 days* to 65 years
  • Policy Term Whole Life
  • Premium Paying Term

    For entry ages 30 days to 44 years: 5 to 30 years

    For entry ages 45 to 60 years: 8 to 30 years

    For entry ages 61 to 65 years: 10 to 14 years

  • Maximum PPT

    Attained age at the end of premium paying term must be 75 years or less

  • Basic Premium

    Minimum Rs. 30,000 p.a. if paid annually or semi-annually

    Minimum Rs. 60,000 p.a. if paid monthly or quarterly

  • Top-up Premium

    Minimum Rs. 5,000

    *Risk commences from the first policy anniversary

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Frequently Asked Questions

  • How to pay the investment plan premiums?

    You can pay your limited payment life insurance policy premium annually, semi-annually, quarterly or monthly. Payment modes include ECS, standing instruction, direct debit and other automated modes.

  • What is the limited premium I need to pay for this plan?

    Basic Premium is the amount you choose to invest every year during the premium paying term. The minimum Basic Premium to be paid annually is Rs. 30,000 p.a. if paid annually or semi-annually and Rs. 60,000 p.a. if paid quarterly or monthly. You are advised to consult your ABSLI Advisor to know your premium.

  • Is there any death benefit with this plan?

    Upon the unfortunate death of the life insured, we shall pay to the nominee the higher of Basic Sum Assured or Basic Fund Value. In addition, we shall also pay higher of the Top-up Sum Assured plus Top-up Fund Value as on the date of intimation of death.

  • Will my plan get cancelled if I stop paying premium for 6 months?

    Upon expiry of the grace period, in case of discontinuance of policy due to non-payment of premium anytime during the first five policy years, the Policy fund value after deducting the applicable discontinuance charges as below shall be credited to the discontinued policy fund and the risk cover, if any, shall cease.

    Upon expiry of the grace period, in case of discontinuance of policy due to non-payment of premium after lock-in period of 5 yrs, the policy shall be converted into a reduced paid-up policy with the paid-up sum assured i.e. original sum assured multiplied by the total number of premiums paid to the original number of premiums payable as per the terms and conditions of the policy. All charges as per terms and conditions of the policy shall be deducted during the revival period. However, the mortality charges shall be deducted based on the reduced paid-up sum assured only. However, the policyholder has an option to surrender the policy at any time and then, the policy fund value shall be payable.

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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). Unit linked Life Insurance products are different from the traditional insurance products and are subject to risk factors. This is a non-participating unit linked life insurance plan savings for your second innings. Aditya Birla Sun Life Insurance and ABSLI Wealth Secure 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 prospector 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. 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 investment 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 investment 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. For more details on risk factors, terms and conditions please refer to the sales brochure carefully before concluding the sale. 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. Aditya Birla Sun Life Insurance Company Limited (Formerly 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 IRDAI reg no.109 CIN: U99999MH2000PLC128110 VER1/NOV/2019

ADV/9/20-21/1050

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.