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
and disability. With the benefits of MNC fund(1) in your portfolio, it
helps in generating good returns. Also, you get up to 2.4 times(2) in
the form of guaranteed additions. Thus, this plan provides a secured financial future
to achieve your life goals at different stages.
(1)Multi-national company fund - SFIN ULIF03722/06/18ABSLIMUMNC109.
(2)Policy Term: 35 years | Premium: Rs.1 Lakh and above. Ratio 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.
The guaranteed additions for premium Band 1 are given below:
In the form of additional units will be added to your policy:
|
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 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 Fund Value at maturity. On policy maturity date the maturity
benefit can be availed as lump sum or as periodic instalments over a period of 5
years from date of maturity through settlement option.
For more details on settlement option, please refer product brochure.
The charges under this plan are Premium Allocation Charge, Fund Management Charge,
Policy Administration Charge, Mortality Charge, Waiver of Premium (CI/TPD) Charge
and Miscellaneous Charges.
For more details on these charges, please refer to the product brochure.
|
|
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^
|
15 | 20 | 25 | 30 | 35 years
|
|
Premium Paying Term
|
For Policy Term 15 years: 10 | 15 Pay
For Policy Term 20 | 25 | 30 | 35 years: 10 | 15 | 20 Pay
|
|
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(3)
fund.
(3)SFIN ULIF01101/06/07BSLIINMAXI109.
His benefits have been detailed below:
|
Investment Return
|
Maturity Benefit
|
|
4%
|
Rs. 13,56,898
|
|
8%
|
Rs. 24,58,859
|
In the unfortunate event of Rohit's death in the 10th Policy year, following Benefit
will be paid to his nominee(s):
|
Investment Return
|
Death Benefit
|
|
4%
|
Rs. 20,45,813
|
|
8%
|
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.