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ABSLI Fortune Elite Plan
A unit linked life insurance plan

Over the years, you have achieved success and accumulated wealth. Your priority now is to ensure your wealth and assets remain protected for your future generations, while you enjoy the lifestyle you have worked hard to attain. Specially designed to cater to your financial and estate planning goals, ABSLI Fortune Elite is a unit linked plan that provides insurance coverage and the opportunity of wealth preservation and enhancement.

Key Features

  • Flexibility to choose policy term of 10 | 20 | 25 | 30 | 35 | 40 years
  • Flexibility to choose premium paying terms of 5 | 10 | 15 | 20 years
  • Flexibility to choose from 3 investment options to suit your investment needs
  • Flexibility to add top-ups whenever you have additional savings
  • Flexibility of partial withdrawals to meet any emergency fund requirements
  • Tax benefits under section 80C and section 10(10D) of the Income Tax Act, 1961
In the form of additional units will be added to your policy:
  • On 10th policy anniversary and on every 5th policy anniversary thereafter, Guaranteed Addition is 2.00% of the total premiums paid in the last 60 months
  • In addition on 11th policy anniversary and every policy anniversary thereafter, Guaranteed Addition is 0.35% of the average Policy Fund Value in the last 12 months
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

The Basic Sum Assured will be reduced to the extent of partial withdrawals made during the two-year period immediately preceding the death of the life assured from the Basic fund value.

However, the Death Benefit after partial withdrawals shall never be less than Annualized Premium multiplied by 10.

At all times, if your policy has not been discontinued, the Death benefit shall never be less than 105% of total basic and top up premiums paid up to the date of death reduced to the extent of partial withdrawals made, both from the Basic Fund Value and Top-up Fund Values, during two-year period immediately preceding the death of the life assured.

In case where the death of the Life Insured takes place prior to risk commencement date, only the basic premiums paid (excluding GST, if any) shall be payable as the Death Benefit. Where a policy is issued on a minor life, the policy will vest in life insured after attainment of majority of the life assured.

(2)In case of death of the life insured, if life insured is different from the proposer/policyholder, the proposer/policyholder will receive the policy proceeds.

You will receive the sum of Basic Fund Value and Top-up Fund Value at maturity.

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 provisions mentioned in the Policy Discontinuance section.

For added protection, ABSLI Fortune Elite Plan can be enhanced by the following riders for a nominal extra cost:

ABSLI Accidental Death Benefit Rider Plus (UIN:109C023V02)
ABSLI Waiver of Premium Rider (UIN: 109C017V03)

More details in the product brochure.

Entry Age 30 days* to 55 years for 5 Pay and up to 65 years for other pay terms (subject to max maturity age of 75 years)
Policy Term 10 | 20 | 25 | 30 | 35 | 40 years
Premium Paying Term (PPT) 5 | 10 | 15 | 20 years**
Minimum Basic Premium Rs. 40,000
Minimum Sum Assured Rs. 4,00,000
Top-up Premium Minimum Rs. 5,000

*Risk commences from the first policy anniversary
** For age at entry between 56 to 65 years (both inclusive), the minimum premium paying term will be 10 years

Manoj is a 35 year old Male who pays annual premium of Rs. 100,000 with a Policy Term of 30 years and Premium Paying Term of 10 years Investment Option: Self-Managed, Fund Invested: Maximizer - 100%

The above values are illustrative and for a healthy male. The assumed rates of return 4% and 8% are not guaranteed and they are not the upper or lower limits of what one might get back as the value of the policy is dependent on a number of factors including future investment performance.

Know more about ulip plans and also calculate the premium with Wealth Calculator

Please click here to Download product brochure
Please click here to download policy contract
Please click here to download product presentation
Please click here to calculate premium

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 Fortune Elite Plan are only the names of the Company and Policy respectively and do not in any way indicate their quality, future prospects or returns. Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors' influencing the capital market and the insured is responsible for his or her decision. 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 ways indicate the quality of these plans, their future prospects and returns. The name of the funds offered in this plan does not in any 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. Aditya Birla Sun Life Insurance Company Limited (formerly Birla Sun Life Insurance Company Limited) Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Registration No.109 CIN: U99999MH2000PLC128110 ADV/11/19-20/1202 VER1/NOV/2019

UIN: 109L090V04