Aditya Birla Sun Life Insurance Company Limited Wealth Aspire Plan

A unit linked Life Insurance plan

UIN: 109L100V03

Key Features

  • Flexibility to choose from 2 plan options to suit your aspirations
  • Flexibility to choose from a wide range of policy terms
  • Flexibility to choose from a wide range of premium paying terms
  • Flexibility to choose from 4 investment options to suit your investment needs
  • Flexibility to add top-ups in case of additional savings
  • Flexibility of partial withdrawals to meet any emergency fund requirements

Book
Aditya Birla Sun Life Insurance Company Limited Wealth Aspire Plan
Click Here to Buy Now

Other details

 Entry Age   Classic Option  Assured Option 
 Minimum – 30 days*  Minimum - 18 years
 Maximum – For 5 Pay: 50 years  Maximum - For 5 Pay, 6 Pay & 7 Pay: 45 years
 For 6 Pay & 7 Pay: 55 years  For 8 Pay and above: 50 years 
 For 8 Pay and above: 60 years   
 Policy Term   Minimum – 10 years  Minimum - 10 years
 Maximum – For 5 Pay: 20 years  Maximum – For 5 , 6 & 7 Pay: 15 years
For 6 Pay: 35 years  For 8 pay and above: 40 years
 For 7 Pay and above: 40 years  
 Minimum Basic Sum Assured (BSA)   ₹ 3,00,000
 Guaranteed Additions   In the form of additional units will be added to your policy:
 On 6th policy anniversary(11th policy anniversary for Band 1) and every policy anniversary thereafter, Guaranteed Addition as percentage of the average Fund Value in the last 12 months is as follows.
 Policy Anniversary Band 1 Band 2 Band 3
 6 – 10 0% 0.60% 0.60%
 11 – 15 0.20% 0.90% 0.90%
 16 + 0.20% 1.00% 1.00%
 • On 10th policy anniversary and on every5th policy anniversary thereafter, Guaranteed Addition is
- Band 1: 2% of basic premiums paid in last 60 months
- Band 2 & Band 3: 2.5% of basic premiums paid in last 60 months
 Death Benefit   1.  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
 2. Assured Option - In the unfortunate event the life insured dies while the policy is in effect, we shall pay immediately to the nominee the Basic Sum Assured plus Top-up Sum Assured, if any
 Death benefit shall never be less than 105% of total premiums paid to date (excluding GST)
 Maturity Benefit   You will receive the Fund Value at maturity.
 On policy maturity date the maturity benefit can be availed as lump sum or as periodic installments over a period of 5 years from date of maturity through settlement option.
 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 complete withdrawal as mentioned in Policy Discontinuance section.
 Policy Loans   Policy loans are not allowed in this plan
 Premium Payment Options   5 to 40 years
 Pay Term   Minimum – 10 years  Minimum - 10 years
 Maximum – For 5 Pay: 20 years  Maximum – For 5 , 6 & 7 Pay: 15 years
 For 6 Pay: 35 years  For 8 pay and above: 40 years
 For 7 Pay and above: 40 years  
 Top up premium   Minimum  ₹ 5,000
 Partial Withdrawals   You are allowed to make unlimited partial withdrawals any time after (a) five complete policy years or (b) life insured attaining the age of 18 whichever is later. The partial withdrawals shall first be adjusted from Top-up Fund Value (except any top up premiums paid in the previous five years immediately preceding the date of withdrawal); if any. Once the Top-up Fund Value is exhausted, partial withdrawals would be adjusted from Basic Fund Value. The top-up sum assured will remain unchanged after any withdrawal from the top-up fund value.
 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.

Disclaimer

HDFC Securities limited  is a Corporate agent of Aditya Birla Sun Life Insurance Company under IRDAI Registration No: CA0062 and does not underwrite the risk or act as an insurer.

Registered Address: I Think Techno Campus, Building B " Alpha", Office Floor 8, Opp Crompton Greaves, Near Kanjurmarg Station, Kanjurmarg (East), Mumbai - 400 042. Participation by the clients in the insurance products is purely on a voluntary basis.

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating unit linked life insurance savings plan. 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 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 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. Service Tax and Education Cess and any other applicable taxes levied as per extant tax laws shall be deducted from the premium or from the allotted units as applicable. For more details on risk factors, terms and conditions please refer to the sales brochure carefully before concluding the sale. Tax benefits are subject to changes in the tax laws. In this policy, investment risk in investment portfolio is borne by the policyholder. 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 Insurance is the subject matter of solicitation.

Regd. Office:  Aditya Birla Sun Life Insurance Company Limited, One Indiabulls Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841 Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. IRDAI Registration No. 109. CIN: U99999MH2000PLC128110 Tollfree no:- 1800-270-7000 ADV/3/17-18/2046

IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call number.

Open Account Now