Introducing Aditya Birla Sun Life Insurance Wealth Assure Plus, which
enables your wealth to grow over a long-term while protecting it against
death, Critical Illness or Total Permanent Disability. With the benefits of MNC
fund in your portfolio, it helps in generating good returns. Also, you get up to
2.4 times(3) in the form of guaranteed additions. Thus, this plan provides a
secured financial future to achieve your life goals at different stages.
(3)Policy Term: 35 years | Premium: Rs.1 Lakh and above. Rates may vary as per different parameters
Your Choices
Plan Option – Choose between the 2 plan options at inception. The benefit to be paid to
the nominee/policyholder in case of unfortunate death of life insured during the policy term
a. Classic Option – Sum Assured plus Policy Fund Value.
b. Assured Option – Sum Assured plus Policy Fund Value. Additionally on the occurrence of
any Critical Illness or Total Permanent Disability the policy will continue till maturity and all the
future installment premiums shall be paid by us on the premium due dates in the fund value.
Investment Options – - You have a choice to invest your money in one of the 4 investment options.
Smart Investment Option – This option allows us to manage and administer your
investment portfolio on your behalf and according to your risk profile.
Systematic Transfer Investment Option – This option helps mitigate any risk arising from
market volatility and averages out the risks associated with the equity market.
Return Optimiser Investment 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 Investment Option – You decide how to invest your
money amongst our 16 segregated funds.
In the form of additional units will be added to your policy:
The guaranteed additions for premium Band 1 are given below:
|
Guaranteed Additions as % of Basic Premium
|
|
Policy Term
|
At the end of the Policy Year
|
|
10
|
15
|
20
|
25
|
30
|
35
|
|
15
|
10%
|
50%
|
-
|
-
|
-
|
-
|
|
20
|
10%
|
15%
|
50%
|
-
|
-
|
-
|
|
25
|
10%
|
15%
|
20%
|
50%
|
-
|
-
|
|
30
|
10%
|
15%
|
20%
|
25%
|
50%
|
-
|
|
35
|
10%
|
15%
|
20%
|
25%
|
30%
|
50%
|
For premium Band 2, the Guaranteed Additions will be enhanced by 10% of Basic Premium
on policy maturity.
Upon the unfortunate death of the life insured during the policy term, we
shall pay to the nominee:
- Basic Sum Assured; plus
- Basic Fund Value as on the date of intimation of death.
In addition we shall also pay
- Top-up Sum Assured; plus
- Top-up Fund Value as on the date of intimation of death.
For definition on Sum Assured, please refer product brochure.
In case of the life insured suffering from any of the specified
Critical illnesses or Total and Permanent Disability during
the Policy Term all future premiums, if any, shall be paid by
the Company. This benefit is only applicable if you have
chosen Assured Option.
You will receive the Basic Fund Value plus the Top-up fund Value as
of that date at maturity.
The charges under this plan are Premium Allocation Charge, Fund
Management Charge, Policy Administration Charge, Mortality Charge,
Waiver of Premium (Critical Illness/Total And Permanent Disability) Charge and Miscellaneous Charges.
For more details on these charges, please refer to the product brochure.
For added protection, ABSLI Wealth Assure Plus can be
enhanced by the following riders for a nominal extra cost:
- ABSLI Accidental Death Benefit Rider Plus (UIN:109A024V01)
- ABSLI Waiver of Premium Rider (UIN: 109A039V01)
Please refer to detailed brochures on riders, consult your financial advisor or visit our website for further details.
|
|
Classic Option
|
Assured Option
|
|
Entry Age (age last birthday)
|
30 days* to 55 years
|
18 to 50 years
|
|
Maturity Age
|
18 to 75 years
|
33 to 65 years
|
Policy Term &
Premium Paying Term
|
| Policy Term^ (PT) |
Premium Payment Term (PPT) |
| 15 |
10 |
15 |
- |
|
20 | 25 | 30 | 35 |
10 |
15 |
20 |
|
|
Basic Premium
|
Minimum Rs.24,000 p.a.
|
|
Basic Sum Assured
|
Minimum Rs.2,40,000 p.a.
|
|
Top-up Premium
|
Minimum Rs.5,000
|
|
Pay Mode
|
Annual, Semi-Annual, Quarterly & Monthly
|
*Risk commences from the first policy anniversary
^policy term of 15 years is not available to entry ages below 3 years
Rohit, 35 years old has decided to choose the Classic Option, pay a premium of
Rs.100,000 annually for 10 years. His chosen Policy Term is 20 years with a Sum Assured of
Rs.10,00,000. Rohit chooses Self-managed Option and invests in Maximiser(5)
fund.
(5)SFIN ULIF01101/06/07BSLIINMAXI109.
Maturity Benefit / Death Benefit(In the unfortunate event of Rohit’s death in the 10th Policy Year):
|
Investment Return
|
Maturity Benefit
|
Death Benefit
|
|
4%
|
Rs. 13,56,898
|
Rs. 20,45,813
|
|
8%
|
Rs. 24,58,859
|
Rs. 23,07,996
|
*The benefit amount indicated is a non-guaranteed illustrative figure and is subject to policy terms and conditions.
The returns indicated at 4% and 8% are illustrative and not guaranteed and do not indicate the upper or lower limits of
returns under the policy.
Please visit our website or ask your Financial Advisor for the benefit illustration
for your policy.