ABSLI Wealth Aspire Plan Presentation
ABSLI Wealth Aspire Plan Presentation
ABSLI Wealth Aspire Plan Presentation
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.
(PPT)
Premium Frequency Annual | Semi-Annual | Quarterly | Monthly
Rs. 40,000 for annual mode |Rs. 45,000 for semi-annual mode| Rs. 50,000 for quarterly and monthly mode
Minimum Basic Premium
Rs. 500,00 p.a. if the age at entry is between 61 to 65 years, both inclusive.
Premium Band
(basic Premiums Rs) Band 1 Band 2 Band 3
40000 – 199,999 200,000 to 499,999 500,000 +
Minimum Sum Assured Rs. 400,000
Top-up Premium Minimum Rs. 5,000
The Basic Sum Assured will be reduced to the extent of partial withdrawals made during the two-year period
immediately preceding the death of the life insured from the Basic Fund Value.
However the death benefit after partial withdrawals shall never be less than Annualized Premium multiplied by 10.
At all times, if the policy has not been discontinued, the Death benefit shall never be less than 105% of total basic
premiums and top-up premiums paid up to the date of death reduced to the extent of partial withdrawals made both
from the basic fund value and top-up fund values, during the two year period immediately preceding the death of the life
assured.
In case where the death of the Life Insured takes place prior to risk commencement date, only the basic premiums paid
(excluding GST, if any) shall be payable as the Death Benefit.
Where a policy is issued on a minor life, the policy will vest in the life insured after attainment of majority of the life
assured.
• Policy Fund Value will remain invested in the segregated funds and as per investment option existing at the time of
death of the Life Insured
• Guaranteed Additions, when applicable shall be added to the Policy Fund Value as and when due
• All policy charges shall be deducted as and when due, except mortality charge
• Top up premiums, partial withdrawals, surrenders, switch between investment options, segregated fund switch or any
premium redirection by the nominee is not allowed
• Maturity benefit shall be paid to the Nominee/legal heir at the end of policy term
• The Death Benefit shall always be determined as of the date we receive intimation of death of the Life Insured.
• For a paid-up policy no future installment premiums shall be paid by the Company on death of the Life Insured.
In case where the death of the Life Insured takes place prior to risk commencement date, only the basic premiums paid
(excluding GST, if any) shall be payable as the Death Benefit.
For added protection, ABSLI Wealth Aspire Plan can be enhanced by the following riders for a nominal extra cost:
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.
The minimum amount of partial withdrawal is Rs. 5,000. You are required to maintain a minimum Basic Fund Value of one basic
premium chosen plus any top-up premiums paid in the previous five years immediately preceding the date of withdrawal. The total
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amount of partial withdrawal during a policy year shall not exceed 25% of the total Policy fund value at the beginning of the policy
year.
• Policy Surrender:
In case of emergencies, the policy can be surrendered anytime during policy term. If the policy is surrendered after completion of five
policy years, Fund Value will be paid immediately .
If it is surrendered before lock In period, proceeds of the discontinued policy shall be payable at the end of lock-in period
• Policy Loans
Not available
• Fund Switching:
Option to change the Investment profile . Under self managed option, facility to switch monies from one segregated fund to another
at any time provided the switched amount is for at least Rs. 5,000.
• Premium Redirection
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Full flexibility to redirect future premiums by changing your premium allocation percentages at any time.
(2)
Distance Marketing includes every activity of solicitation (including lead generation) and sale of insurance products through voice mode, SMS, electronic mode, physical mode
(like postal mail) or any other means of communication other than in person.
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.
REVIVAL WINDOW
• Upon expiry of the grace period • If policyholder opts to revive but does not
30 days, (15-days in case your revive the policy in revival period, the fund
basic premium is paid on a • On such discontinuance, ABSLI value shall be paid to the policyholder at the
monthly basis) in case of non- shall communicate the status of end of the revival period.
payment of premium, policy the policy, within three months • If the policyholder does not exercise above
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shall be converted into a of the first unpaid premium, to option , the policy shall continue to be in
reduced paid up policy with the policyholder and provide reduced paid up status. At the end of the
the paid-up sum assured. The the option to revival period the proceeds of the policy fund
policy shall continue to be in -Revive the policy within shall be paid to the policyholder and the
reduced paid-up status without the revival period of three years policy shall terminate
rider cover, if any. or -Complete withdrawal of • However, the policyholder has an option to
the policy. surrender the policy anytime and then the
policy fund value shall be payable
DISCONTINUANCE NON REVIVAL
IMPACT
Please refer product brochure for more details
Aditya Birla Sun Life Insurance Company Ltd. 12
Illustration – Assured Option
Mr. Shetty aged 30 years takes ABSLI Wealth Aspire Plan with Assured Option, he pays Rs. 1,00,000/- p.a. for limited premium payment
period of 15 years with policy term of 30 years under Self Managed investment option with 100% investment in Maximiser Fund.
02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
Premium excluding GST. The above values are illustrative and for a healthy male. The assumed rates of return 4%(1) and 8%(2) are not guaranteed and they are not the upper or lower limits of what one might get back as
the value of the policy is dependent on a number of factors including future investment performance
Mr. Shetty aged 30 years takes ABSLI Wealth Aspire Plan with Classic Option, he pays Rs. 1,00,000/- p.a. for limited premium payment
period of 15 years with policy term of 30 years under Self Managed investment option with 100% investment in Maximiser Fund.
Premium Rs 1 Lakh p a
1 30
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Premium excluding GST. The above values are illustrative and for a healthy male. The assumed rates of return 4% (1) and 8%(2) are not guaranteed and they are not the upper or lower limits
of what one might get back as the value of the policy is dependent on a number of factors including future investment performance
The premium allocation charge for top-up premium is 2% of top-up premium paid
• Fund Management Charge
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• Miscellaneous Charges
Rs. 50 per request is charged for change in investment option, premium re-direction, fund switch partial withdrawal or any additional servicing
request. We do however reserve the right to charge up to Rs. 500 per request in the future.
• Mortality Charge
A mortality charge is deducted at the start of every month for providing you with the risk cover. It is charged by cancelling units proportionately
from each segregated fund you have at that time. The charge per 1000 of Sum at Risk under the policy will depend on the gender, premium band
and attained age of the life insured.
Band 1 Band 2 Band 3
Attn Age
Male Female Male Female Male Female
25 1.088 1.047 0.925 0.890 0.816 0.785
35 1.452 1.255 1.234 1.067 1.089 0.941
45 3.339 2.469 2.838 2.099 2.504 1.852
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Basic premium (net of premium allocation charge) shall be first allocated to Liquid Plus fund option
Thereafter monthly 1/12th or Weekly 1/48th of the allocated amount shall be transferred to upto 4 segregated fund(s) of your
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choice viz. Enhancer, Creator, Maximiser, Multiplier, Super 20, Value & Momentum and Capped Nifty Index and MNC as per the
investment proportion for the chosen funds.
Monthly transfers to your chosen segregated fund(s) will take place monthly on 1 st, 8th, 15th or 22nd of the month as selected by
you
It helps to mitigate any risk arising from volatility and averages out the risks associated with the equity market, reducing the
overall risk to your portfolio
Customer chooses to invest through Weekly Transfer Mode in Enhancer, Creator, Maximiser, Multiplier funds
1 Month
Liquid Plus Fund Rs. 1000/-
Rs. 250/-
Rs. 48,000/-
charge is invested
On 1st, 8th, 15th & 22nd of every month
1/48th of fund value is transferred
Customer chooses Aggressive Risk Profile for Policy & Premium Payment Term of 20 years
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Maximiser Fund 50% Maximiser Fund 35% Maximiser Fund 15% Maximiser Fund 0%
Income Advantage Fund Income Advantage Fund Income Advantage Fund Income Advantage Fund 100%
50% 65% 85%
Protect your gains from the future market volatility and create a more stable sequencing of investment returns
It will be tracked every day for each policyholder for a pre-determined upside movement of 10% or more over the net invested
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When the gain from the Maximiser fund reaches 10% or more of the net invested amount, the amount equal to the appreciation
will be transferred to the Income Advantage fund at the prevailing unit price.
This ensures that your gains are protected from any future market volatilities.
If the gain is less than the pre-determined upside movement of 10%, no transfers will be made.
Self-Managed Option
Gives you access to our well established suite of 16 segregated funds viz Liquid Plus, Income Advantage, Assure, Protector,
Builder, Enhancer, Creator, MNC ,Magnifier, Maximiser, Multiplier, Super 20, Pure Equity, Value & Momentum, Capped Nifty
Index, Asset Allocation.
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Diversify your risk, by allocating your premium in varying proportions amongst the 16 segregated funds.
Full flexibility to redirect future premiums by changing your premium allocation percentages at any time
• The charges are guaranteed throughout the term of the policy unless specifically mentioned and subject to IRDAI approval. The value of the segregated fund reflects the
value of the underlying investments. Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. 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 insured is responsible for his/her decisions. Aditya Birla Sun Life Insurance Company
Limited (ABSLI) is only the name of the Insurance Company and ABSLI Wealth Aspire Plan is only name of the unit linked life insurance contract and funds and does not in
any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the
Intermedia or policy document. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their
future prospects and returns.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 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. 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. 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. For further details please refer to the policy contract. Tax benefits are subject to changes in the tax laws. For more
details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale
“The Trade Logo “Aditya Birla Capital” Displayed Above Is Owned By ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED
(Trademark Owner) And Used By ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the License.”
For more details and clarification call your ABSLI Insurance Advisor or visit our website www.adityabirlasunlifeinsurance.com and see how we can help in
making your dreams come true. Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance Company Limited)Registered Office:
One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. IRDAI reg no.109 CIN:
U99999MH2000PLC128110 UIN: 109L100V05. Toll Free No. 1800 270 7000. ADV/11/19-20/1274
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IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls
are requested to lodge a police complaint.