- 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.
||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.|
|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
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. CIN: U99999MH2000PLC128110 Registration No. 109 ADV/6/14-15/8101.