ABSLI Assured FlexiSavings Plan

ABSLI Fortune Wealth Plan

In this policy the investment risk in investment portfolio is borne by the policyholder
In this policy the investment risk in investment portfolio is borne by the policyholder
Flexibility to choose plan options- Classic or Assured Option
Flexible to choose policy term and premium paying terms
Guaranteed additions in the form of additional units

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Give ₹ 1 lakhs/ year for 10 years
Get ₹ 25.08 lakhs @ 8% & ₹ 13.67 lakhs @ 4% on maturity1.
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Why buy ABSLI Fortune Wealth Plan?

ABSLI Fortune Wealth Plan serves as smart investment solution that offers flexibility in plan options and offers diverse investment choices with a range of fund options. ABSLI Fortune Wealth Plan is a ULIP Plan meticulously crafted to empower you in maximizing the potential of your hard-earned money. This plan not only safeguards the future of your loved ones but also plays a pivotal role in growing your wealth. It ensures that your money works for you and yields substantial benefits.

Key Features:
  • iconbullet Flexibility to choose from 2 plan options to suit your aspirations
    Classic Option
    Assured Option
  • iconbullet Flexibility to choose from a wide range of policy terms and premium paying terms
  • iconbullet Guaranteed additions in the form of additional units
  • iconbullet Flexibility to choose from 5 investment & 18 fund options to suit your investment needs
  • iconbullet Flexibility of partial withdrawals to meet any emergency fund requirements
Brochure Leaflet Policy Contract

Investment Options

Under ABSLI Fortune Wealth Plan, you can choose to invest your premiums in one of the five investment options.
1. Systematic Transfer Option is an option for individuals who would like to eliminate the need to time one’s investments in the market.
2. Return Optimiser Option is an option for individuals who would like to have optimal participation in the capital markets while safeguarding their returns from any market related volatilities.
3. Self-Managed Option is an option for individuals who would like to have complete control over their investment.
4. Smart Option is an option for individuals who would like to take care of ever-changing financial needs as per their increasing age.
5. Life Cycle Option is an option for individuals who would like to create an ideal balance between equity and debt, based on their age.

Benefits of ABSLI Fortune Wealth Plan

ABSLI Fortune Wealth Plan ensures that your money works for you and yields substantial benefits.

Death Benefit
Death Benefit
Classic Option – In the unfortunate event the life insured dies while the policy is in effect, the nominee//legal heir/policyholder will be paid the higher of
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Death Benefit
Assured Option
Assured Option – In the unfortunate event the life insured dies while the policy is in force, we shall pay immediately to the nominee/legal heir higher of:
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Death Benefit
Maturity Benefit
Under both Options, on survival of Life Insured up to the end of the Policy Term and provided all due premiums under the policy have been paid or is a Reduced Paid-Up Policy, We shall pay the Fund Value in a lump sum to You.
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Guaranteed Additions
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 Policy Fund Value in the last 12 months is as follows
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Riders

Enhance Your Plan by Opting For Riders at a Nominal Cost

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 after 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
UIN: 109A039V01
In case of the following conditions:
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How does ABSLI Platinum Gain Plan work?

How annuity plan works
  • Classic Option
  • Mr. Verma aged 35 years purchases ABSLI Fortune Wealth Plan
  • Annualized Premium: Rs. 1,00,000 | Premium Payment Term: 10 years | Policy Term: 20 years | Investment Option: Self-Managed Option | Fund Chosen: Maximiser | Premium Payment Mode: Annual | Sum Assured: Rs. 10,00,000.
  • Mr. Verma survives the entire policy term.
View Illustration
  • Assured Option
  • Mr. Verma aged 35 years purchases ABSLI Fortune Wealth Plan
  • Annualized Premium: Rs. 1,00,000 | Premium Payment Term: 10 years | Policy Term: 20 years | Investment Option: Self-Managed Option | Fund Chosen: Maximiser | Premium Payment Mode: Annual | Sum Assured: Rs. 10,00,000.
  • Mr. Verma survives the entire policy term.
View Illustration
Buy ABSLI Assured Savings Plan Online

Let your money work for you

Buy ABSLI Fortune Wealth Plan Now.
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Product Specifications
Type of Plan A Unit-Linked Non-Participating Individual Life Insurance Savings Plan
Coverage All Individuals (Male | Female | Transgender)
Entry Age (age as on last birthday) Classic Option
Minimum – 30 days*
Maximum – For 5 Pay: 50 years
For 6 Pay & 7 Pay: 55 years
For 8 Pay and above: 65 years
 Assured Option
Minimum -18 years
Maximum -For 5 to 8 Pay: 45 years
For 9 Pay and above: 50 years
Maturity Age(age as on last birthday) Classic Option
Minimum: 18 years
Maximum:
For 5 to 7 Pay: 70 years
For 8 Pay and above: 75 years 		Assured Option
Minimum: 28 years
Maximum: 60 years
Premium Payment Mode Annual | Semi-Annual | Quarterly | Monthly
Minimum Annualized Premium Rs. 40,000 p.a. for annual mode
Rs. 45,000 p.a. for semi-annual mode
Rs. 50,000 p.a. for quarterly and monthly mode
Rs. 5,00,000 p.a. if the age at entry is between 61 to 65 years, both inclusive
Maximum Annualized Premium No Limit (subject to Board Approved Underwriting Policy)
Minimum Sum Assured Rs. 4,00,000
Maximum Sum Assured No Limit (subject to Board Approved Underwriting Policy)
Premium Payment Term (PPT) Limited Pay:5 to 19 years
Regular Pay: 10 to 20 years
Minimum Policy Term 10 years (PPT+1)
Maximum Policy Term 20 years
Premium Bands  
Band Annualized Premium (Rs.)
Band 1 40,000 – 1,99,999
Band 2 2,00,000 to 4,99,999
Band 3 5,00,000 and above

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 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 Fund Value as available on the date of intimation of death.

How to Claim Online?

3 quick, everything online

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

Frequently Asked Questions

Know more about ABSLI Fortune Wealth Plan in detail here:

What is the maximum premium applicable under this plan?
There is no maximum premium limit under this plan. The maximum premium allowed would be subject to Board Approved Underwriting Policy.
What premium payment modes are allowed under this plan?
Policy premiums can be paid annually, semi-annually, quarterly or monthly.
Premiums can be paid by cheque, credit card, demand draft, ECS or salary deduction (monthly mode only).
For monthly mode, minimum two months premium is required to be paid upfront.
ECS includes standing instruction, direct debit and other automated payment modes.
Are Top-ups allowed under this plan?
Top-ups are not allowed under this plan.
Can Policyholder change the Premium Payment Term during the Policy Term?
Yes, Policyholder will have the flexibility to increase or decrease the Premium Payment Term provided the policy is in-force and such increase or decrease is subject to boundary conditions of the product. Policyholder can exercise this option only after Annualized Premiums for first five policy years are paid in full.

Example:
Mr. Bhatt opts for ABSLI Fortune Wealth Plan – Classic Option with Policy term of 20 years and Premium paying term of 10 years & chooses Smart Option. His annual premium is Rs. 1,00,000 and premium due date is 1st of January every year.

Mr. Bhatt in the 6th Policy year i.e. after paying 6 annual premiums realizes he won’t be able to pay the remaining 4 annual premiums due to financial instability (since his PPT is 10 years). He chooses to decrease his premium payment term to 8 years by opting for the Increase/Decrease in Premium Payment Term.
Can Policyholder change investment strategy during the Policy Term?
Yes, Policyholder can switch between different Investment Options at any time after the completion of the first Policy Year, which will then be effective from the next policy anniversary. Only one Investment Option can be selected at a time.

Upon exercising the option to change the Investment Option, all Instalment Premiums will be allocated per the new Investment Option from the date of such change confirmed in writing by Us.
Can Policyholder change risk profile during the Policy Term?
Risk Profile Switching is applicable only under Smart Investment & Life Cycle Investment Option where the policyholder can switch to a different risk profile, free of charge, at any time during the policy term, which will then be effective from the next policy anniversary. The fund is automatically rebalanced after the Risk Profile Switch, according to the applicable percentages under the Smart Investment & Life Cycle Investment option at that time. All Annualized Premiums paid from that point onwards will be invested in Maximiser and Income Advantage based on the new risk profile.
Is Premium Redirection allowed under this plan?
Yes, Premium Redirection is allowed if Self-Managed Investment Option/Systematic Transfer Option is opted.
In case of Self-Managed option, the policyholder can opt to redirect future premiums by giving a written request and specifying percentage allocation amongst available 18 fund options.
In case of Systematic Transfer Option, the policyholder can opt to redirect future premiums by giving a written request and specifying percentage allocation amongst available 4 fund options.
Premium Redirection is not available under Systematic Transfer Option when the funds are in Liquid Plus fund.
A maximum of 12 Premium Redirections are allowed in a policy year and all are free of charge.

Example:
Let us say Policyholder allocated 40% of the money to debt and 60% to equity. With a fund switch, Policyholder now wants 80% of investment in equity, so the fund manager will move 20 percent of the money from debt to equity.
The interest rates are expected to fall in the coming time. So, Policyholder wants to capture the opportunity of making higher returns in the debt market. So, Policyholder can instruct to redirect 60% of the premiums towards debt. As a result, all the future premiums of the policy will be invested 60% in debt and 40% in equity. Policyholder’s existing units, meanwhile, will not be shifted into a debt fund.
Can Policyholder switch fund during the Policy Term?
Yes, Fund switch is allowed if Self-Managed Investment Option/Systematic Transfer Option is opted, Policyholder can choose to switch from one fund to another provided the switched amount is at least Rs. 5,000. There is no limit on the number of switches that can be exercised in a policy year and all switches are free of charge. Important notes:-
  • Switches are allowed during the settlement period.
  • Switches are allowed in case the policy acquires reduced paid up status post lock in period.
  • Switches shall not be allowed during the period of discontinuance in first five years of the policy.
  • Switches is not available under Systematic Transfer Option when the funds are in Liquid Plus fund.
Does Policyholder have the option to withdraw funds during the Policy Term?
Yes, to meet financial exigencies during the Policy Term, Policyholder will have an option to make partial withdrawal from the fund value without any charges. Important Notes:-
  • The minimum amount of partial withdrawal is Rs. 5,000.
  • Partial Withdrawals are allowed any time after five complete policy years or Life Insured attaining the age of 18 whichever is later.
  • Policyholder is required to maintain a minimum Fund Value of one Annualized Premium chosen and maximum of 25% of the Fund Value.
  • The total amount of partial withdrawal during a policy year shall not exceed 50% of the Fund Value at the time of partial withdrawal(s). It is set to ensure that it does not result in termination of the policy.
  • Partial withdrawal cannot be exercised during the period of Policy Discontinuance and Settlement Period.
Can Policyholder choose to reduce the premium amount during the Premium Payment Term?
Yes, Policyholder has this flexibility to reduce future premium commitment to take care of other financial needs at that point of time. Policyholder can reduce premium amount up to 50% of the original Annualized Premium, subject to minimum premium limit, provided all due premiums have been paid. Reduction in premium is allowed subject to following conditions:-
  • It can be opted only once during the term of the contract, and premium once reduced cannot be subsequently increased
  • Sum Assured will be reduced by the same proportion as the reduction in premium.
  • The rider attached to the policy (if any) shall lapse if the Reduction of Premium option is chosen.
  • Charges & the benefits will be applicable as per the new reduced Sum Assured and new reduced premium, wherever applicable.
What is Settlement option?
Settlement Option is a facility which allows Policyholder to receive fund value at maturity in periodic installments and stay invested in the policy for an extended period up to 5 years.
How does the settlement option work?
You may, at least fifteen (15) days prior to the maturity date opt for a Settlement Option, in which case we will continue to manage the funds for You and make periodic payments. The policy will continue after the maturity date for a period not exceeding five (5) years from the maturity date. If the settlement option is opted, you will have to instruct the Company on settlement period (up to 5 years) and the frequency (monthly, quarterly, semi-annual or annual) of payouts. Under settlement option, the balance number of units in the fund at the start of the settlement period will be divided in equal instalments for payout over the settlement period. The first instalment under Settlement Option is paid on the date of maturity.

During the settlement period, Fund Management Charges shall continue to be levied. There shall be a risk cover equal to 105% of the Total Annualized Premiums paid and Mortality Charges will be deducted basis the Sum at Risk.

You shall continue to bear all investment risks. Units will be cancelled at the prevailing NAV to make periodic payments of the Fund Value.

During the settlement period, Partial Withdrawal is not allowed, however, Fund Switches is allowed.

In case of the death of the Life Insured during the settlement period, the Fund Value subject to a minimum of 105% of Total Annualized Premiums paid, prevailing as on the date of death, will be paid. At any time, You may opt out of the settlement option, We shall close the Unit Account on the date of receipt of such request and pay the prevailing Fund Value.
Are there any charges during Settlement Period?
During the settlement period, Fund Management Charges shall continue to be levied. Mortality Charges will be deducted basis the Sum at Risk, as there will be a risk cover equal to 105% during the Settlement Period.
What will be paid in case of the death during the settlement period,
In case of death during Settlement Option, Fund Value subject to a minimum of 105% of Total Annualized Premiums/Single Premium paid, prevailing as on the date of death, will be paid.
Which application form is to be used for this plan?
The “Common Application Form_MAJOR” would be used for this plan. In case of minor lives, “Common Application Form_MINOR” would be used.
Can life insured and policyholder/proposer be different under this plan?
Yes, proposer/policyholder can be different from the Life Insured under the plan. In case the proposer and the life insured are different then all the proceeds from the policy will be paid to the proposer.
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  • Disclaimer

    1Mr. Verma aged 35 years purchases ABSLI Fortune Wealth Plan – classic option with the details as given below: Annualized Premium: Rs. 1,00,000 | Premium Payment Term: 10 years | Policy Term: 20 years | Investment Option: Self-Managed Option | Fund Chosen: Maximiser | Premium Payment Mode: Annual | Sum Assured: Rs. 10,00,000. Mr. Verma survives the entire policy term.
    The linked Insurance Products 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 from inception. The Past performance of the Unit linked fund(s) of the company is not necessarily indicative of the future performance of any of these Unit linked fund(s).
    This is a unit-linked non-participating individual life insurance savings plan.
    This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI).
    Aditya Birla Sun Life Insurance and ABSLI Fortune Wealth 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 indicate their quality, future prospects or returns.
    The value of the 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. 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 capital 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.
    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, smokers or people having hazardous occupations etc.
    This brochure contains only the salient features of the plan. For further details, please refer to the policy contract.
    This product shall also be available for sales through online channel.
    In the Unit Linked Policy, the investment risk in the investment portfolio is borne by the Policyholder.
    Tax benefits may be available as per prevailing 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.
    “We”, “Us”, “Our” or “the Company” or “ABSLI” means Aditya Birla Sun Life Insurance Company Limited.
    “You” or “Your” means the Policyholder.
    For other terms and conditions, request your Agent Advisor or intermediaries for giving a detailed presentation of the product before concluding the sale. Should you need any further information from us, please contact us on the below mentioned address and numbers. UIN: 109L143V01 ADV/12/23-24/2946