ABSLI Assured FlexiSavings Plan

ABSLI Fortune Elite Plan

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
Flexibility of partial withdrawals
Flexible premium paying terms

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Give ₹ 75K/ year for 5 years
Get ₹ 10.75 lakhs at maturity1.
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What is ABSLI Fortune Elite Plan

Aditya Birla Sun Life Insurance Fortune Elite Plan provides insurance coverage and the opportunity of wealth preservation and enhancement.

  • iconbullet 3 investment options to suit your investment needs
  • iconbullet Flexibility to choose policy term
  • iconbullet Flexible premium paying terms
  • iconbullet Flexibility of partial withdrawals

Benefits of ABSLI Fortune Elite Plan

ABSLI Fortune Elite Plan helps you create wealth while protecting your current lifestyle

Guaranteed Additions
You are rewarded for policy continuance in the form of additional units. For more details, read the product brochure.
Death Benefit
Death Benefit
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

  • Basic Fund Value as on date of intimation of death; or
  • Basic Sum Assured
Death Benefit
Maturity Benefits
If you survive till the end of the policy term, a maturity benefit will be paid to you, which is the sum of Basic Fund Value and Top-up Fund Value at maturity.
Surrender Benefit
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.

Riders

Enhance Your Plan by Opting For Riders at a Nominal Cost

How does ABSLI Fortune Elite Plan work?

To Buy ABSLI Fortune Elite Plan, one has to make the following choices
Basic Premium - is equal to your Annualized Premium which you commit to pay regularly during the premium paying term excluding the taxes, rider premiums and underwriting extra premium on riders, if any. Your Basic Sum Assured will be determined based on the basic premium amount you commit to pay in a policy year. Basic Sum Assured - is the minimum death benefit payable on the death of the life insured and is equal to 10 times of your Annualized Premium. Pay Mode - you can pay basic premium in monthly, quarterly, semi-annual, annual instalments. Please ask your Financial Advisor for details about the range of convenient payment methods we offer. Investment Options - you have a choice to invest your money in the 'Systematic Transfer' Option, 'Return Optimiser' Option or the 'Self-managed' Option. Systematic Transfer Option is for individuals who would like to eliminate the need to time one's investments in the market. Return Optimiser option is for individuals who would like to have optimal participation in the capital markets while safeguarding their returns from any market related volatilities. Self-managed Option is for individuals who would like to have control over their investment

You may wish to invest additional amounts as top-up premiums anytime during the policy term as long as all due basic premiums have been paid. The minimum top-up premium is Rs. 5,000 and at any point the total top-up premiums paid cannot exceed the total basic premiums paid to date. Top-up premiums cannot be withdrawn for five years unless in case of complete surrender of the policy. Top-up Sum Assured will be 125% of the top-up premium being paid. Your Sum Assured* under the plan is the total of Basic Sum Assured and Top-up Sum Assured. The Basic Premium and any Top-up Premium net of premium allocation charges will be used to purchase units in the various segregated fund/s offered under this plan and as chosen by you. The units purchased in the segregated fund is the monetary amount allocated to the segregated fund divided by its then prevailing unit price. Basic Fund Value is equal to the number of units pertaining to basic premiums allocated to the segregated fund/s chosen by you multiplied by its then prevailing unit price.

Top-up Fund Value, if any is equal to the number of units pertaining to top-up premiums allocated to the segregated fund/s chosen by you multiplied by its then prevailing unit price. Policy Fund Value under this plan is the total of Basic Fund Value and Top-Up Fund Value, if any. The Policy Fund Value represents the total value of your investments to date and is the balance of all units allocated to the segregated fund/s chosen by you multiplied by its then prevailing unit price.
*Basic Sum Assured is reduced for partial withdrawals as explained later.
For more details, refer to the brochure.

Buy ABSLI Assured Savings Plan Online

Create Wealth with Flexibility

Buy ABSLI Fortune Elite Plan Now.
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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 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 first policy anniversary.
** For age at entry between 56 to 65 years (both inclusive), the minimum premium paying term will be 10 years

Suicide Exclusion

In case of death due to suicide within 12 months from the date of commencement of the policy or from the date of revival of the policy, as applicable, the nominee or the beneficiary of the policyholder shall be entitled to the Policy fund value, as available on the date of intimation of death.
Further any charges other than Fund Management Charges (FMC) recovered subsequent to the date of death shall be added back to the Policy fund value as available on the date of intimation of death.

How to Claim Online?

3 quick, everything online

  • Fill basic details
  • Claim intimation
  • Document submission

Faqs

You are eligible for ABSLI Fortune Elite Plan if you’re between ages 302 days – 55 years for 5 pay and 65 years for others (subject to maximum maturity age of 75 years) and willing to invest a minimum of Rs. 40,000 p.a.
2Risk commences from first policy anniversary.
The minimum basic premium is Rs. 40,000 p.a. There is no limit on the maximum basic premium that you can invest.
No, it does not cover critical illness.
In case of the life insured’s unfortunate demise during the policy period, death benefit will be paid to your nominee. The policy will stand terminated once the death benefit is paid.
Your family member can be a nominee in this plan.
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  • Disclaimer

    1 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.
    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. The Past performance of the Unit linked fund(s) of the company is not necessarily indicative of the future performance of any of these Unit linked fund(s).
    This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating unit linked life insurance 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. 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. 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 the 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 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. The insurance cover for the life insured will commence on the policy issue date. This brochure contains the salient features of the plan. For further details please refer to the policy contract. UIN: 109L090V05
    ADV/10/23-24/2443