ABSLI Wealth Secure Plan

ABSLI Wealth Secure Plan

  • ABSLI Wealth Secure Plan is a plan that ensures you meet your family’s dreams by picking out an investment option that best suits your requirement and also financially secures your family with Whole Life Cover.
  • You love your family and feel responsible towards them in every way. You work hard to provide for them and to fulfill their dreams. What you need is an investment option that helps you shoulder your responsibility towards your family at all stages of your life. To ease your responsibility and to give you a tailor-made investment option for your needs at each new milestone of your life, you need a plan that fosters your financial growth while giving you a whole life cover that secures your family’s future.
  • You have an option of increasing your life cover by up to 300% of the minimum
    Basic Sum Assured.
  • You choose options from Systematic Transfer. Option, Life Cycle Option and
    Self Managed Option.
Entry Age 1 to 60 years of age
Policy Term Whole Life
Minimum Basic Sum
Assured (BSA)
Entry age below 45: The higher of 10 or
the number of years to attain age 70 divided by 2.
Entry age above 45: The higher of 7 or
the number of years to attain age 70 divided by 4.
Guaranteed Additions Additional units will be added to your policy:
On the 10th policy anniversary and in every 5th policy
anniversary. Guaranteed addition is 2%
of the Basic Premium paid in last 60 months.
On 11th anniversary and every policy
anniversary thereafter. Guaranteed addition is 0.20%
of the average Fund Value in the last 12 months.
Death Benefit The Fund Value as on date of intimation of death or the
Basic Sum Assured whichever is greater, reduced for partial withdrawal.
In addition, the nominee shall also receive the greater of
• Top-up Fund Value as on date of intimation of death; or
• Top-up Sum Assured
Maturity Benefit Being a Whole Life Plan, there is no maturity benefit.
Surrender Benefit Incase of emergencies, policy can be surrendered
anytime during the policy term but it will be treated as complete
withdrawal under the policy discontinuance section.
*Policy proceeds payable only on the date
corresponding to the fifth policy anniversary.
Loan Benefit Policy loan is not allowed under this plan.
Premium Payment
Options

Rs. 20,000 p.a. if paid annually
Rs. 30,000 p.a. if paid semi-annually
Rs. 60,000 p.a. if paid monthly or quarterly.

Pay Term 5 to 30 years, subject to minimum age of 18 years
or more at the end of the premium paying term;
maximum age of 75 years or less at the
end of the premium paying term.
Top up premium Minimum Rs.5,000.
Maximum: Total Top-up premiums paid cannot
exceed the total basic premium paid to date.
Partial Withdrawals You can make partial withdrawals to meet
any financial emergencies, anytime after the completion of five policy years.

ABSLI Wealth Secure Plan UIN No: 109L074V02

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Disclaimer:

Deutsche Bank is a corporate agent of Aditya Birla Sun Life Insurance Company Limited under license number CA0020. 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 IRDA 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. CIN: U99999MH2000PLC128110 Registration No. 109 ADV/6/14-15/8101.

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.