ULIP plans by ABSLI

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Give ₹30K/year for 5 years
Get ₹94.95 lakhs at maturity2

Returns
High returns from MNC funds
Wealth
Long-term wealth creation
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ULIP - Unit Linked Insurance Plans

What is Unit Linked Insurance Plan (ULIP)?

ULIPs or unit linked investment plans are insurance products that offer both insurance coverage and investment opportunities. A part of the premium paid towards the ULIP is allocated towards life insurance coverage, while the remaining amount is invested in various funds such as equity, debt, or a combination of both. The policyholder has the flexibility to choose the type of funds to invest in based on their risk appetite and financial goals.

Note: In this policy, the investment risk in investment portfolio is borne by the policyholder
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.

Features & Benefits of ULIP Plan

ULIPs or Unit Linked Insurance Plans are a popular investment option in India. They offer a combination of life insurance coverage and investment opportunities, making them an attractive option for individuals who want to create wealth while ensuring financial security for their families. Here are some reasons why you should consider investing in the best ULIP insurance plan:

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Dual benefits:
ULIPs offer both life insurance coverage and investment components. A part of the premium paid towards the ULIP is allocated towards life insurance coverage, while the remaining amount is invested in various funds such as equity, debt, or a combination of both. This provides the policyholder with the dual benefit of insurance coverage and wealth creation.
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Flexibility:
ULIPs offer flexibility in terms of investment options. The policyholder has the flexibility to choose the type of funds to invest in based on their risk appetite and financial goals. Additionally, ULIPs offer the flexibility to switch between funds based on market conditions or the policyholder's financial goals.
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Tax benefits*:
The premium paid towards ULIPs is eligible for a tax deduction (up to Rs 1,50,000) under Section 80C of the Income Tax Act. Additionally, the maturity or death benefit received under the policy is tax-free under Section 10(10D)** of the Income Tax Act.
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Wealth creation:
ULIPs have the potential to provide higher returns than traditional insurance products due to their investment component. This makes them an attractive option for individuals who want to create wealth in the long run.
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Transparency:
ULIPs offer transparency in terms of investment performance, charges, and fees. This helps the policyholder make informed investment decisions.
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Financial discipline:
ULIPs encourage financial discipline as the policyholder needs to pay regular premiums towards the policy. This helps inculcate the habit of saving and investing in the policyholder.
Our ULIP Plans
ABSLI Fortune Elite Plan
ABSLI Fortune Wealth Plan
Grow your wealth with flexibility
ABSLI Fortune Elite Plan
Flexibility to choose plan options- Classic or Assured Option
ABSLI Fortune Elite Plan
Flexible to choose policy term and premium paying terms
ABSLI Fortune Elite Plan
Guaranteed additions in the form of additional units
ABSLI Fortune Elite Plan
Choice of 5 investment options and 18 funds
You may get:
₹ 25.08 lakhs at @ 8% & ₹ 13.67 lakhs @ 4% on maturity8.
Give:
₹1 lakhs/year for 10 years
ABSLI Fortune Elite Plan
ABSLI Platinum Gain Plan
5 investment options with Life Cover
ABSLI Fortune Elite Plan
Choice of 3 premium bands
ABSLI Fortune Elite Plan
Wealth boosters and Loyalty additions
ABSLI Fortune Elite Plan
Choice of Sum Assured Multiple
ABSLI Fortune Elite Plan
Choice of 5 investment strategies and 18 funds
You may get:
₹ 30.63 lakhs @ 4% or ₹ 55.05 lakhs @ 8% at maturity7.
Give:
₹2 lakhs/year for 10 years
ABSLI Wealth Aspire Plan
ABSLI Wealth Aspire Plan
Achieve your financial goals
ABSLI Wealth Aspire Plan
2 plan and 4 investment option
ABSLI Wealth Aspire Plan
Flexibility for partial withdrawals
ABSLI Wealth Aspire Plan
Guaranteed# additions
ABSLI Wealth Aspire Plan
Flexibility to add top-ups
You may Get:
₹2,85,403¹
Give:
₹40,000 for 5 years
ABSLI Wealth Secure Plan
ABSLI Wealth Secure Plan
Whole life coverage and long term investments
ABSLI Wealth Secure Plan
3 investment options
ABSLI Wealth Secure Plan
Guaranteed# addition
ABSLI Wealth Secure Plan
Top-up flexibility
ABSLI Wealth Secure Plan
Surrender Benefits
You may Get:
₹94,95,186²
Give:
₹1,50,000
ABSLI Wealth Assure Plus
ABSLI Wealth Assure Plus
Covers death, critical illness, and total permanent disability
ABSLI Wealth Assure Plus
5 investment strategies and 16 funds
ABSLI Wealth Assure Plus
Premium waiver on critical illness
ABSLI Wealth Assure Plus
Custom benefits with riders
ABSLI Wealth Assure Plus
Guaranteed# addition
You may Get:
₹4,37,421³
Give:
₹2,40,000
ABSLI Fortune Elite Plan
ABSLI Fortune Elite Plan
Cover your life and grow your wealth
ABSLI Fortune Elite Plan
Flexible premium paying terms
ABSLI Fortune Elite Plan
Partial withdrawal benefits
ABSLI Fortune Elite Plan
Guaranteed# additions
ABSLI Fortune Elite Plan
Maturity benefits
You may Get:
₹10.75 lakhs⁴
Give:
₹3.75 lakhs
ABSLI Wealth Max Plan
ABSLI Wealth Max Plan
Single premium ULIP
ABSLI Wealth Max Plan
Invest once and get benefits for full policy term
ABSLI Wealth Max Plan
Guaranteed# additions on staying invested
ABSLI Wealth Max Plan
Top-up options
ABSLI Wealth Max Plan
16 funds under self-managed option
You may Get:
₹30.83 lakhs⁴
Give:
₹10 lakhs
ABSLI Wealth Infinia
ABSLI Wealth Infinia
Helps you in building a legacy fund
ABSLI Wealth Infinia
Return of mortality & premium allocation charges
ABSLI Wealth Infinia
Systematic withdrawal facility
ABSLI Wealth Infinia
Loyalty additions & wealth boosters
ABSLI Wealth Infinia
5 investment strategies and 16 funds
You may Get:
₹72.31 lakhs⁶
Give:
₹50 lakhs
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How Does A ULIP Plan Work?

A Unit Linked Insurance Plan (ULIP) is a type of insurance product that combines the benefits of insurance and investment. Here's how a ULIP plan works:
1. Premium payment: The policyholder pays a premium towards the ULIP plan on a regular basis.
2. Fund allocation: A part of the premium paid towards the ULIP plan is allocated towards life insurance coverage, while the remaining amount is invested in various funds such as equity, debt, or a combination of both.
3. Fund performance: The performance of the funds invested in the ULIP plan depends on the market conditions and the performance of the underlying assets.
4. Charges: ULIPs have charges such as premium allocation charges, mortality charges, fund management charges, and surrender charges.
5. Life insurance coverage: ULIPs offer life insurance coverage, providing financial security to the policyholder's family in case of their demise.
6. Investment options: ULIPs offer various investment options such as equity funds, debt funds, balanced funds, and others. The policyholder can choose the type of fund based on their risk appetite and financial goals.
7. Flexibility: ULIPs provide a variety of investing possibilities. Depending on their risk tolerance and financial objectives, the policyholder has the freedom to select the kind of funds they want to invest in. Additionally, ULIPs give policyholders the freedom to switch between funds in accordance with market circumstances or their financial objectives.
8. Lock-in period: ULIPs have a lock-in period of five years, which means the policyholder cannot withdraw the funds before the end of the lock-in period.
9. Partial withdrawals: ULIPs allow partial withdrawals after the completion of the lock-in period, which helps the policyholder meet any financial emergencies.

What are the different ULIP Charges?

Unit Linked Insurance Plans (ULIPs) have various charges that policyholders should be aware of before investing in them. Here are some types of ULIP charges:

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Premium allocation charges:
This is a one-time charge deducted from the premium paid towards the ULIP plan. The charge is deducted to cover the expenses related to policy issuance and administration.
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Mortality charges:
This is the cost of life insurance coverage and is deducted from the premium paid towards the ULIP plan. The mortality charge is calculated based on the policyholder's age, health, and life expectancy.
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Fund management charges:
This is the cost of managing the funds invested in the ULIP plan. The fund management charge is deducted from the value of the fund and is expressed as a percentage of the total assets under management.
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Policy administration charges:
This is the cost of administering the policy and is deducted from the premium paid towards the ULIP plan.
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Surrender charges:
If the policyholder surrenders the ULIP plan before the end of the lock-in period, surrender charges are deducted from the fund value. The surrender charges are typically high in the initial years of the policy and reduce over time.
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Switching charges:
ULIPs offer the flexibility to switch between funds based on market conditions or the policyholder's financial goals. Switching charges are levied when the policyholder switches between funds.

Eligibility Criteria for Buying a ULIP Plan

To be eligible to buy a Unit Linked Insurance Plan (ULIP), the following criteria need to be fulfilled:
1. Age: The policyholder should be above 18 years of age.
2. Income: The policyholder should have a regular source of income to pay the premiums towards the ULIP plan.
3. Medical history: The policyholder should not have any pre-existing medical conditions that may affect their life expectancy.
4. KYC documents: The policyholder should have valid Know Your Customer (KYC) documents such as an Aadhaar card, PAN card, and others.
5. Investment objective: The policyholder should have a clear investment objective and financial goal in mind while investing in the ULIP plan.
6. Risk appetite: The policyholder should have a clear understanding of their risk appetite and choose the type of fund based on their risk profile.
7. Policy term: The policyholder should choose a policy term that best suits their financial goals and risk appetite.

Documents Required for buying ULIP Plan

1. Identity proof: Aadhaar card, PAN card, Voter ID, Passport, or any other government-issued ID.
2. Address proof: Utility bills, bank statements, or any other government-issued address proof.
3. Income proof: Salary slip, Income Tax Returns (ITR), or any other document that shows the policyholder's income.
4. KYC documents: Aadhaar card, PAN card, or any other government-issued ID.
5. Passport-size photograph.

What is the Complete ULIP Plan Claim Process?

1. Intimation: The policyholder or their nominee needs to intimate the insurance company about the claim by calling customer service or visiting the nearest branch.
2. Documentation: The policyholder or their nominee needs to submit the required documents such as a death certificate, policy documents, and others.
3. Claim processing: The insurance company will verify the documents and process the claim.
4. Settlement: The insurance company will settle the claim by paying the death benefit to the nominee.

What are ULIP Riders?

ULIP riders are additional benefits that can be added to the base ULIP plan by paying an additional premium. Some common ULIP riders are:

Steps to buy ULIP Plan online at ABSLI

If you are wondering how to invest in ULIP plans, do note that the process is simple. To buy online ULIP plans, you should:
1. Visit the ABSLI website to buy ULIP online.
2. Choose the ULIP plan that suits your financial goals and risk appetite.
3. Fill in the required details such as name, age, income, and others.
4. Upload the required documents.
5. Choose the premium payment frequency and mode.
6. Pay the premium using a payment gateway.
7. On successful payment, the policy will be issued, and the policy documents will be sent to the policyholder.

Assistance to buy ULIP plan

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FAQs on ULIP Plan

ULIPs do not guarantee any returns, as the returns depend on the market conditions and the performance of the underlying assets.
Units are allotted under a ULIP based on the Net Asset Value (NAV) of the fund on the date of allotment. The NAV is calculated by dividing the total value of the fund's assets by the number of units in the fund.
ULIP policyholders can track their fund value by logging into their policy account on the insurance company's website or mobile app. The fund value is updated regularly based on the market conditions and the performance of the underlying assets.
ULIP plans have a lock-in period of five years, and surrendering the plan before the end of the lock-in period attracts surrender charges. However, after the lock-in period, the policyholder can cancel/surrender the ULIP plan.
ULIP plans allow policyholders to make partial withdrawals after the completion of the lock-in period. However, there may be restrictions on the number of partial withdrawals and the amount that can be withdrawn.
Policyholders can reduce risk on their ULIP investment by choosing a balanced portfolio of funds that includes both equity and debt funds. Additionally, regular monitoring of the portfolio and diversification can help reduce the risk of investing in ULIP plans in India.
ULIP returns are subject to tax based on the policyholder's income tax slab. However, the maturity or death benefit received under the ULIP plan is tax-free under Section 10(10D)** of the Income Tax Act.
If the policyholder cannot continue the ULIP plan after the completion of the lock-in period, they can opt to make the policy paid up. A paid-up policy reduces the sum assured and the premiums paid towards the ULIP plan. The policyholder can also surrender the policy after the completion of the lock-in period.
The sum assured in a Unit-Linked Insurance Plan (ULIP) is the amount of life insurance coverage provided under the policy. The sum assured can be chosen by the policyholder based on their financial goals and risk appetite.
After the completion of the lock-in period, ULIP policyholders can make partial withdrawals or surrender the policy for the fund value.
The average return on ULIPs depends on the market conditions and the performance of the underlying assets. Over the long term, ULIPs have the potential to provide higher returns than traditional investment options.
The right time to invest in ULIPs is when the policyholder has a clear investment objective and financial goal in mind. Additionally, the policyholder should have a clear understanding of their risk appetite and choose the type of fund based on their risk profile.
To maximize ULIP returns, policyholders should choose a balanced portfolio of funds that includes both equity and debt funds. Additionally, regular monitoring of the portfolio and diversification can help maximize returns.
Some ULIPs allow policyholders to make a single premium payment, while others require regular premium payments.
ULIPs do not have a fixed interest rate, as the returns depend on the market conditions and the performance of the underlying assets.
The maturity or death benefit received under the ULIP plan is tax-free under Section 10(10D)** of the Income Tax Act, subject to certain conditions. However, the premium paid towards the ULIP plan is eligible for tax deduction under Section 80C of the Income Tax Act, subject to a maximum limit of Rs. 1.5 lakh per year.
The maturity period of ULIPs varies based on the policy term chosen by the policyholder. Most ULIPs have a minimum policy term of 5 years and a maximum of 30 years.
The wealth created from ULIPs in 10 years depends on various factors such as the policyholder's investment amount, the type of fund chosen, the market conditions, and the performance of the underlying assets. ULIPs have the potential to provide higher returns than traditional investment options, but the returns are subject to market risks.
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  • Disclaimer

    # Provided all due premiums are paid.
    * Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details
    **Sec 10(10D) benefit is available subject to fulfilment of conditions specified therein
    ¹ Age 35 Years invests in ABSLI Wealth Aspire Plan, Self Managed Investment Option, 100% in maximiser fund, Assured Plan Option, Basic annual premium: ₹40,000. Sum assured: ₹4,00,000, Premium Payment Term 5 years, Policy Term 10 years. You get ₹ 2,85,403lakhs @ 8% or Rs 2,07296 @ 4% at maturity¹. Refer to policy brochure for more details
    ² ABSLI Wealth Secure Plan is a whole life policy. Age 30 years healthy male, You give ₹30,000/year for 5 years(₹1,50,000 in total), policy term – whole life, You get ₹94,95,186/-(@8% assumed rate of return) or ₹4,31,046/-(@4% assumed rate of return) at maturity ( at age 100 years) depending on the funds (here chosen mnc fund: 50%, pure equity fund: 50%). Premium Paying Term: 5 years Annual, Investment Option: Self Managed, Risk profile – Aggressive. Refer to policy brochure for more details.
    ³ ABSLI Weath Assure Plus, Scenario: Healthy male age 30 years, premium paying term 10 years, policy term 15 years, excluding GST), Self Managed Investment Option with 100% of premium invested in Maximiser Fund, you get Rs. 4,37,421 (@8% assumed rate of return) or Rs. 2,92,052 (@4% assumed rate of return) by age 45. Refer to policy brochure for more details.
    ⁴ ABSLI Fortune Elite Plan. – Male, Age:35 years, Annual premium: ₹75,000 for 5 years. Get ₹10,75,667/- @8%return and ₹5,18,860/- @4%return , Life Cover ₹7,50,000, PPT: 5 years Annual, Policy Term 20 years, Investment Option: Self-managed (mnc fund: 50%, pure equity fund: 50%).Refer to policy brochure for more details.
    ⁵ Absli Wealth Max Plan, Age 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."
    ⁶ Male – 35 years invests in ABSLI Wealth Infinia. Annual Premium: ₹5,00,000, Investment Option: Self Managed (MNC fund: 50%, pure equity fund: 50%), Policy Term 10 years, Regular Pay, Plan Option: Milestone Variant, Sum Assured Option: 10 times. He gets Rs. 72,31,100/- (@8% assumed rate of return) or Rs. 58,31,547/- (@4% assumed rate of return). The values given here are illustrative (@8% return) and not guaranteed. There are not upper or lower limits of get backs as the values of policy depends on number of factors. Premium calculated is exclusive of taxes.
    ⁷ Mr. Sharma aged 35 years purchases ABSLI Platinum Gain Plan with the following details:
    Annualized Premium: Rs. 2,00,000 | Premium Payment Term: 10 years | Policy Term: 20 years | Investment Option: Self-Managed Option | Fund Chosen: Small Cap Fund | Premium Payment Mode: Annual | Sum Assured Multiple: 10X | Sum Assured: Rs. 20,00,000 You get ₹ 30.63 lakhs @ 4% or ₹ 55.05 lakhs @ 8% at maturity⁷.
    . Refer to policy brochure for more details
    ⁸ Mr. 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.
    ABSLI Fortune Wealth Plan is a unit-linked non-participating individual life insurance savings plan. (UIN: 109L143V01)
    ABSLI Platinum Gain Plan is a unit-linked non-participating individual life insurance savings plan. (UIN: 109L142V01)

    ABSLI Wealth Infinia is a unit-linked non-participating individual life insurance savings plan. (UIN: 109L129V01)
    ABSLI Wealth Assure Plus is a non-participating unit linked life insurance plan. (UIN: 109L120V02)
    ABSLI Wealth Max Plan is a non-participating unit linked life insurance savings plan. (UIN: 109L073V05)
    ABSLI Wealth Secure Plan is a non-participating unit linked life insurance savings plan (UIN: 109L074V05 )
    ABSLI Fortune Elite Plan is a non-participating unit linked life insurance plan. (UIN: 109L090V05)
    ABSLI Wealth Aspire Plan is a non-participating unit linked life insurance plan. (UIN:109L100V05)
    This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). Aditya Birla Sun Life Insurance, ABSLI Wealth Max Plan, ABSLI Wealth Infinia, ABSLI Wealth Assure Plus, ABSLI Wealth Secure Plan, ABSLI Fortune Elite Plan 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 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. Linked Life insurance products are different from the traditional life insurance products and are subject to the risk factors. Past performance of the Unit Linked fund of the company is not necessarily indicative of the future performance of any of these Unit linked fund(s). 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.
    ADV/12/23-24/2947