ABSLI Assured FlexiSavings Plan

ABSLI Wealth Aspire Plan

Maximize Your Savings With Flexible Investment Options
Flexibility to choose from 2 plan options
Flexibility to choose from a wide range of policy terms
Give ₹ 40K/ year for 5 years
Get ₹ 2.85 lakhs @ 8% or
Rs 2.07 lakhs @ 4% at maturity1.
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Why buy ABSLI Wealth Aspire Plan?

ABSLI Wealth Aspire Plan helps you achieve the life objectives you have for yourself and your family by offering greater flexibility in protection and wealth accumulation.

  • iconbullet Flexibility to choose premium paying terms
  • iconbullet Flexibility to choose from 4 investment options
  • iconbullet Flexibility of partial withdrawals for emergencies
  • iconbullet Flexibility to add top-ups whenever you have additional savings

Benefits of ABSLI Wealth Aspire Plan

ABSLI Wealth Aspire Plan helps you create wealth and also provides protection to your family

Death Benefit
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
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
Assured Option
In the unfortunate event the life insured dies while the policy is in effect, we shall pay to the nominee immediately 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.
Please refer product brochure for details.
Death Benefit
Maturity Benefits
You will receive the Basic Fund Value plus the Top-Up Fund Value as of that date at the end of the Policy Term.
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 Policy Discontinuance section in the sales brochure.

Riders

Get Added Protection and Enhance Your Plan by Opting For Riders at a Nominal Cost

How does ABSLI Wealth Aspire Plan work?

To Buy ABSLI Wealth Aspire Plan, one has to make the following choices
1. Plan Option – At inception, you choose the plan option as mentioned below. The benefit is paid to the nominee/policyholder in case of unfortunate death of life insured during the policy term.
• Classic Option – Higher of Sum Assured or Policy Fund Value.
• Assured Option – Sum Assured is payable on the death of the life insured and the policy will continue till maturity and all the future installment premiums shall be paid by us on the premium due dates in the Policy fund value.
2. Basic Premium – Is equal to your Annualized premium and is the amount you commit to pay regularly each year during the Premium Paying Term. This is excluding the taxes, rider premiums and underwriting extra premium on riders.
3. Basic Sum Assured(1) – Is the minimum death benefit payable on the death of the life insured and is equal to 10 times of your Annualized premium.
4. Pay Mode – You can pay basic premium in monthly, quarterly, semi-annual or annual instalments.
5. Investment Options – You have a choice to invest your money in the ‘Smart’ Option, ‘Systematic Transfer’ Option, ‘Return Optimiser’ Option or the ‘Self-Managed’ Option. Smart Option is for individuals who would like their investments to alter over time based on their age and risk profile. 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 except during the last five years of 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 the policy is surrendered.
Top-up Sum Assured will be 125% of the top-up premium being paid. Your Sum Assured(1) 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.
(1)Under Classic Option, Basic Sum Assured is reduced for partial withdrawals. For more details, refer to the brochure.

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Classic Option Assured Option
Entry Age Minimum - 30 days* Maximum - For 5 Pay: 50 years For 6 Pay and 7 Pay: 55 years For 8 Pay and above: 65 years Minimum - 18 years Maximum - For 5 to 8 Pay: 45 years For 9 Pay and above: 50 years
Maturity Age For 5 to 7 Pay: 18 to 70 years For 8 Pay and above: 18 to 75 years

28 to 60 years

Policy Term Minimum – 10 years Maximum –40 years
Premium Paying Term (PPT)  

5 to 40 years

  Minimum Basic Premium Rs. 40,000 for annual mode Rs. 45,000 for semi-annual mode Rs. 50,000 for quarterly and monthly mode Rs. 5,00,000 p.a. if the age at entry is between 61to 65 years, both inclusive.
Minimum Sum Assured Rs. 4,00,000
Top-up Premium Minimum Rs. 5,000
*risk commences from the first policy anniversary.

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 beneficiaof 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

Frequently Asked Questions

Know more about ABSLI Wealth Aspire Plan in detail here:

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.
This plan is issued to both smoker and non smoker
Policy terms:
  • Minimum: 10 years
  • Maximum: 40 years
With this wealth creation plan, you get the flexibility to add top-ups whenever you have additional savings. The minimum top-up premium is Rs. 5,000.
Under ABSLI Wealth Aspire Plan, you decide how to invest your premiums in one of the four investment options - Smart Option, Systematic Transfer Option, Return Optimiser Option or the Self-Managed Option.
Under Smart 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 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.
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  • Disclaimer

    1 Age 35 Years invests in ABSLI Wealth Aspire Plan, Self Managed Investment Option, 100% in maximiser fund, Assured Plan Option, Basic annual premium: ₹40,000. Sum assured: ₹4,00,000, Premium Payment Term 5 years, Policy Term 10 years, Returns ₹301,632/- Refer to policy brochure for more details
    Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor 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.
    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 Wealth Aspire 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 indicate their quality, future prospects or returns. In this plan, the investment risk in the investment funds chosen by you is borne by you. Investment funds are subject to investment risks and unit prices may go up or down reflecting the market value of the underlying assets. 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 way indicate the quality of these plans, their future prospects and returns. Past performance is no guarantee of future results. The charges are guaranteed throughout the term of the policy unless specifically mentioned and subject to IRDAI approval. The value of the investment 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. 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. Goods and Service Tax 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.
    UIN:109L100V05
    ADV/6/24-25/520