ABSLI Assured FlexiSavings Plan

ABSLI Wealth Secure Plan

IN THIS ULIP POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
IN THIS ULIP POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
Flexibility to choose from 3 investment options
Guaranteed# additions for staying invested

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Give ₹ 30,000/year for 5 years
Get ₹ 94.95 lakhs at maturity1.
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Why buy ABSLI Wealth Secure Plan?

Aditya Birla Sun Life Insurance Wealth Secure Plan combines long term savings and whole life coverage specially designed to focus on your goals and maximise savings for your future.

  • iconbullet Pay premiums for a limited term and get Life Cover for whole life
  • iconbullet Flexibility to choose from 3 investment options to suit your investment needs
  • iconbullet Flexibility to add top-ups whenever you have additional savings
  • iconbullet Flexibility of partial withdrawals to meet any emergency fund requirements
Brochure Policy Contract

Benefits of ABSLI Wealth Secure Plan

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

  • Top-up Fund Value as on date of intimation of death; or 
  • Top-up Sum Assured
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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 as mentioned in Policy Discontinuance section.
For more details, refer to the product brochure
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Riders

For added protection, ABSLI Wealth Secure Plan can be enhanced by the following riders at a nominal cost

ABSLI Waiver of Premium Rider
ABSLI Comprehensive Critical Illness Rider
(UIN: 109A041V01)
In the unfortunate event that the life insured is diagnosed to be suffering from critical illnesses as mentioned in the Rider brochure
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ABSLI Accidental Death Benefit Rider Plus
ABSLI Accidental Death Benefit Rider Plus
UIN: 109A024V01
In the unfortunate event of death of the life insured due to an Accident within 180 days of occurrence of the accident, we will pay 100% of the rider sum assured to the nominee. Also, we will refund the premiums collected aſter the date of Accident till date of death, with interest as declared by us from time to time, along with death benefit payable.
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ABSLI Waiver of Premium Rider
ABSLI Waiver of Premium Rider
UIN: 109A039V01

We will fund all the future due premiums and all the other benefits will remain unaffected. This benefit is applicable only once during the entire premium paying term.

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How does ABSLI Wealth Secure Plan Work?

  • Mr Vora, Age:35 years, invests in ABSLI Wealth Secure Plan.
  • He pays Rs. 1,00,000/- p.a for limited premium payment period of 10 years.
  • He chooses self-managed investment option with 100% with 100% investment in maximiser fund.
Illustration
Eligibility Criteria
Policy Term Whole Life
Entry Age 30 days* to 65 years
Premium Paying Term (PPT) For entry ages 30 days to 44 years: 5 to 30 years
For entry ages 45 to 60 years: 8 to 30 years
For entry ages 61 to 65 years: 10 to 14 years
Maximum PPT Attained age at the end of premium paying term must be 75 years or less
Basic Premium Minimum Rs. 30,000 p.a. if paid annually or semi-annually
Minimum Rs. 60,000 p.a. if paid monthly or quarterly
Top-up Premium Minimum Rs. 5,000

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 initiate Claim?

3 quick steps, everything online.

  • Fill basic details
  • Claim intimation
  • Document submission
More About Claims

FAQs

How to pay the investment plan premiums?
You can pay your limited payment life insurance policy premium annually, semi-annually, quarterly or monthly. Payment modes include ECS, standing instruction, direct debit and other automated modes.
What is the limited premium I need to pay for this plan?
Basic Premium is the amount you choose to invest every year during the premium paying term. The minimum Basic Premium to be paid annually is Rs. 30,000 p.a. if paid annually or semi-annually and Rs. 60,000 p.a. if paid quarterly or monthly. You are advised to consult your ABSLI Advisor to know your premium.
Is there any death benefit with this plan?
Upon the unfortunate death of the life insured, we shall pay to the nominee the higher of Basic Sum Assured or Basic Fund Value. In addition, we shall also pay higher of the Top-up Sum Assured plus Top-up Fund Value as on the date of intimation of death.
Will my plan get cancelled if I stop paying premium for 6 months?
Upon expiry of the grace period, in case of discontinuance of policy due to non-payment of premium anytime during the first five policy years, the Policy fund value after deducting the applicable discontinuance charges as below shall be credited to the discontinued policy fund and the risk cover, if any, shall cease.
Upon expiry of the grace period, in case of discontinuance of policy due to non-payment of premium after lock-in period of 5 yrs, the policy shall be converted into a reduced paid-up policy with the paid-up sum assured i.e. original sum assured multiplied by the total number of premiums paid to the original number of premiums payable as per the terms and conditions of the policy. All charges as per terms and conditions of the policy shall be deducted during the revival period. However, the mortality charges shall be deducted based on the reduced paid-up sum assured only. However, the policyholder has an option to surrender the policy at any time and then, the policy fund value shall be payable.
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  • Disclaimer

    # Provided all due premiums are paid
    * risk commences from the first policy anniversary
    1 ABSLI Wealth Secure Plan is a whole life policy. Age 30 years healthy male, You give ₹30,000/year for 5 years(₹1,50,000 in total), policy term – whole life, You get ₹94,95,186/-(@8% assumed rate of return) or ₹4,31,046/-(@4% assumed rate of return) at maturity ( at age 100 years) depending on the funds (here chosen mnc fund: 50%, pure equity fund: 50%). Premium Paying Term: 5 years Annual, Investment Option: Self Managed, Risk profile – Aggressive. Refer to policy brochure for more details. This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). Unit linked Life Insurance products are different from the traditional insurance products and are subject to risk factors. This is a non-participating unit linked life insurance plan savings for your second innings. Aditya Birla Sun Life Insurance and ABSLI Wealth Secure 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 prospector 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. 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 investment 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 investment 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. Tax benefits are subject to changes in the tax laws. For more details and clarification call your ABSLI Insurance Advisor or visit our website and see how we can help in making your dreams come true.
    Linked Life insurance products are different from the traditional life insurance products and are subject to the risk factors.
    Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to withdraw/surrender the monies invested in Linked Insurance Products completely or partially till the end of the fifth year from inception. 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 equity markets and the unit price of the units may go up or down based on the performance of fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. Tax benefits may be available as per prevailing tax laws. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale.
    UIN: 109L074V05
    ADV/6/24-25/499