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ABSLI Wealth Aspire Plan
A unit linked life insurance plan

In the pace that the world is moving today, security of your loved ones is a big concern. Your hard work is always directed towards accumulating sufficient wealth for them. Hence, it is important to organise your efforts in a way that works the best for you.

Aditya Birla Sun Life Insurance Wealth Aspire Plan ensures that you fulfil your responsibilities without any trouble by empowering you with a personalised wealth creation plan. It helps you accumulate substantial financial corpus using its wealth features and allows you to fulfil your duties by securing the future of your loved ones.

Key Features

  • Flexibility to choose from:
    Plan options | Policy terms | Premium paying terms | -4 investment options
  • Flexibility to add top-ups in case of 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(1)

(1)Tax benefits are subject to changes in tax laws. Please consult your tax advisor for more details.

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

Kindly refer to sales brochures for detailed explanation.

Classic Option - In the unfortunate event the life insured dies while the policy is in effect, we will pay to the nominee/policyholder 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, if any; or
  • Top-up Sum Assured

The Sum Assured will be reduced by the partial withdrawals made. Please refer the brochure for details.

Assured Option - In the unfortunate event the life insured dies while the policy is in effect, we shall pay immediately to the nominee the Basic Sum Assured plus Top-up Sum Assured, if any.

The policy will not terminate once this death benefit is paid to the nominee and it continues till policy maturity date.

For definition on Sum Assured and complete details on death benefit, please refer product brochure.

You will receive the Fund Value at maturity. You can choose to receive the Maturity Benefit as lump sum or as periodic instalments over a period of 5 years from date of maturity through settlement option.

In case of emergencies, you can surrender your policy to us anytime during the policy term.

For more details on the above mentioned benefits, please refer to the product brochure.

Our policy charges

The charges under this plan are Premium Allocation Charge, Fund Management Charge, Policy Administration Charge and Mortality Charge.

For more details on these charges, please refer to the product brochure.

Smart Option-Under this option, your portfolio will be structured as per your maturity date and risk profile. Over time the allocation is managed such that it will automatically switch from riskier assets to safer assets progressively as your plan approaches maturity.

Systematic Transfer Option-This option safeguards your wealth against the market volatilities and is available only if you have opted for annual mode. Under STO, at inception you can choose to transfer the fund on monthly basis or weekly basis. You may choose up to 4 funds for your premium to be transferred to.

Return Optimiser Option-This option enables you to take advantage of the equity market, protect your gains from the future market volatility and create a more stable sequencing of investment returns.

Self-Managed Option-Under this option, you get access to our well-established suite of 15 segregated funds, complete control in how to invest your premiums and full freedom to switch from one segregated fund to another.

For the above 4 investment options kindly refer to sales brochures for detailed explanation.

  Classic Option Assured Option
Entry Age (age last birthday) Minimum - 30 days*
Maximum - For 5 Pay: 50 years
                  For 6 Pay & 7 Pay: 55 years
                  For 8 Pay and above: 60 years
Minimum - 18 years
Maximum - For 5 Pay, 6 Pay & 7 Pay: 45 years
                  For 8 Pay and above: 50 years
Maturity Age 18 to 70 years 28 to 60 years
Policy Term Minimum - 10 years
Maximum - For 5 Pay: 20 years
                  For 6 Pay: 35 years
                  For 7 Pay and above: 40 years
Minimum - 10 years
Maximum - For 5, 6 & 7 Pay: 15 years
                  For 8 pay and above: 40 years
Premium Paying Term (PPT)
5 to 40 years
Minimum Basic Premium
Rs. 30,000 for annual mode
Rs. 36,000 for semi-annual mode
Rs. 48,000 for quarterly and monthly mode
Minimum Sum Assured
Rs. 3,00,000
Top-up Premium
Minimum Rs. 5,000

*Risk commences from the first policy anniversary

Know more about ulip plans

Please click here to Download product brochure
Please click here to download policy contract
Disclaimer

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating unit linked life insurance savings plan. 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. Aditya Birla Sun Life Insurance Company Limited (ABSLI) is only the name of the Insurance Company and ABSLI Wealth Aspire Plan is only name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. 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 in any way indicate the quality of these plans, their future prospects and returns. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale. 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. IRDAI reg no.109 CIN: U99999MH2000PLC128110 ADV/1/18-19/4211 VER1/JAN/2019

UIN:109L100V03