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How Does the ABSLI Fortune Elite Plan Work?

User testimonial Rahul Mehta (35 years)
Rahul Mehta (35 years)

He’s married and manages his own startup

User testimonial

He chose the ABSLI Fortune Elite Plan and chose a limited premium payment where he pays ₹75,000 lakh per annum for 5 years.

User testimonial

His policy term is 20 years under a self-managed option with a 50% investment in MNC Fund and 50% in Pure Equity Fund. His wife is his nominee.

User testimonial

On maturity, Rahul receives ₹10.75 lakhs1 at 8% returns

User testimonial

If he dies in the 4th policy year, he receives the sum assured of ₹7,50,000

User testimonial Suman Sharma ( 35 years)
Suman Sharma ( 35 years)

She’s a working mom with a 10-year-old daughter, Alya.

User testimonial

She chose the ABSLI Fortune Elite Plan at 35 with a life cover of ₹10 lakh and a premium of ₹1 lakh per annum for 20 years.

User testimonial

When Alya turns 18, she gets into a reputed college. They need to deposit a lump sum amount to start the process but Suman is low on money at that time.

User testimonial

Thankfully, her policy has already crossed the lock-in period, so she makes a partial withdrawal and gets the admission process started.

User testimonial

Alya got into the college of her choice, and the ABSLI Fortune Elite policy continues covering Suman as usual while creating wealth for her future needs.

What's Included?

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Death Benefit

In case of your demise during the policy term, your nominees or legal heirs will receive a sum based on your plan option.

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Guaranteed# Additions

Starting from the 10th policy anniversary, receive guaranteed bonuses every year.

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Investment Options

Choose from 3 investment options - Return Optimiser Option, Systematic Transfer Option and Self-Managed Option.

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Tax Benefit

You are eligible for an annual tax deduction of up to ₹1.5 lakh under section 80C.

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Maturity Benefit

You will receive back the total of the basic fund value and the top-up fund value on maturity.

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Top-up Premium

Add more money as top-up premiums anytime during the policy term, provided you've paid all your regular premiums.

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Premium Redirection

You can change where your future premium payments go to match your investment goals as they change.

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Partial withdrawal Benefit

Make partial withdrawals from the fund value after the lock-in period of 5 years to meet your financial needs.

What's Not Included?

In case of death due to suicide within 12 months, the nominee only gets the current fund value.

The plan does not cover death due to intoxication and involvement in illegal or dangerous activities.

The plan does not cover critical illnesses.

Choose The Right Option

Pick one of the 3 investment options offered under ABSLI Fortune Elite

Option 1
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Invest without worrying about timing the market. This option is only available for annual mode.
Systematic Transfer Option
Option 2
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Benefit from the stock market while protecting your returns from market ups and downs.
Return Optimiser Option
Option 3
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Have complete control over where you invest your premiums.
Self-Managed Option

Add Riders for Extra Protection

Maximise your ABSLI Fortune Elite Plan with cost-effective add-ons for comprehensive protection.

ABSLI Accidental Death Benefit Rider Plus

UIN: 109A024V01

Get extra coverage for accidents leading to death

Payout up to 100% of base plan Sum Assured

ABSLI Waiver of Premium Rider

UIN: 109A039V01
Premium waived in case of

Death, of the policyholder if the policyholder is different from the life insured

Permanent disability due to an accident or critical illness

Diagnosis of a specified critical illness

Get Started With ABSLI Fortune Elite Plan

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How to buy?

  • Evaluate your requirements and review the plan on the website.
  • Check coverage and exclusions
  • Select the variant that meets your needs and click“Buy Online”.
  • Share your details, select coverage, term etc.
  • Make the payment and enjoy your new plan
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How to renew?

  • Visit the policy renewal page on the website.
  • Enter the policy number and your personal details.
  • Check the renewal amount displayed.
  • Make payment via preferred mode and relax.
  • You will receive a confirmation email of the successful policy renewal
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How to claim?

  • Gather all required documents - policy, death certificate etc.
  • Visit the claims section on the website.
  • Provide basic details about the policy and the policyholder.
  • Intimate us about your claim in the given format.
  • Submit the required documents and we’ll get back to you.

Check Your Eligibility

Before you start investing in ULIPs, ensure you qualify and have the necessary documents.

Eligibility Criteria

  • Entry age 30 days* to 55 years for 5 pay and till 65 years for other premium payment terms
  • Maximum maturity age 75 years
  • Policy term 10,20,25,30,35 and 40 years
  • Premium paying term 5,10,15 and 20 years**
  • Minimum basic premium ₹40,000
  • Minimum sum assured ₹4,00,000
  • Top-up premium Minimum ₹5000

Documents Needed

  • Proposal form
  • Age proof
  • Photo identity proof
  • Address proof
  • Medical report
  • Income proof
  • PAN/ Aadhaar card

Customer Satisfaction Stories

Hear from our customers what they have to say about their experience.

Hear What The Experts Have To Say

Due to seamless branch support and timely communication from ABSLI, my maturity payout process was quite smooth.

Hear What The Experts Have To Say
Mr. Bansal

Aditya Birla Sun Life Insurance Customer

Haryana, India

Hear What The Experts Have To Say
Hear What The Experts Have To Say
Mr. Manish Mandhani

Aditya Birla Sun Life Insurance Customer

1 Jan 1
Hear What The Experts Have To Say

Entire surrender process was quite smooth with timely documentation and payout. Great experience!

Hear What The Experts Have To Say
Mr. Ganvit

Aditya Birla Sun Life Insurance Customer

Gujarat, India

Hear What The Experts Have To Say
Hear What The Experts Have To Say
Mr. Sandip Prajapati

Aditya Birla Sun Life Insurance Customer

1 Jan 1
Understanding ABSLI Fortune Elite Plan
  • What is the ABSLI Fortune Elite Plan?
  • Who should buy the ABSLI Fortune Elite plan?
  • Why choose the Fortune Elite Plan?
  • What are the premium payment options?
  • Are there risks involved in investing in a ULIP?
  • What factors affect the policy premium?
  • What is the claims process for ABSLI Fortune Elite plan?
  • What are the tax benefits of ABSLI Fortune Elite Plan?

What is the ABSLI Fortune Elite Plan?

  • The ABSLI Fortune Elite Plan is a Unit Linked Insurance Plan.
  • The premiums, deducted for allocation charges, are invested in a unit account that participates in market growth, aiming for high returns.
  • This plan not only focuses on wealth accumulation but also ensures life insurance coverage to meet protection needs. With the potential for market-linked growth, it combines investment opportunities with the security of life insurance coverage.

Who should buy the ABSLI Fortune Elite plan?

img People looking for dual benefits

If you are looking to grow your wealth while ensuring a secure future for your loved ones, this could be for you.

img People investing for the long term

ULIP tends to work better when given a long investment period which makes it good for retirement planning and other long-term goals.

img People with higher risk appetite

Being market-linked, ULIPs carry a level of risk. If you are okay with that, consider investing in it to grow your wealth.

img People seeking to diversify

You can invest in equity, debt or both through ULIP so if you are looking to diversify your investment, ULIP can be a great place.

Why choose the Fortune Elite Plan?

img Flexibility

Choose between multiple policy terms and premium paying terms, based on your convenience.

img Guaranteed# additions

Add more fund units to your policy as a reward starting from the 10th policy year and every 5 years thereafter.

img Death benefits

Receive the basic fund value as well as the top-up value in the case of premature demise during the policy term.

img Maturity benefits

Receive the total fund value as well as the top-up value if you survive the policy period.

img Partial withdrawal benefit

Get the flexibility to make partial withdrawals for your financial needs after the lock-in period

What are the premium payment options?

  • Limited pay: You pay the premium for a set number of years, typically 5, 10, 15, or 20 years. After the limited pay period ends, you no longer need to pay premiums, but the policy remains in force until the maturity date.

Are there risks involved in investing in a ULIP?

ULIP investments are market-linked so they carry the expected risks that come with all market-linked investments. If the market performs well, the fund value goes up but if the market performs poorly, the fund value can go down.


This is why it is suggested to stay invested in ULIP for a longer period, typically 10 years or more because market-linked investments tend to perform better in the long run. Thanks to compounding, your earnings generate more earnings, helping you create wealth.


But if this is not for you, or you only want a small equity exposure, ULIP also allows you to choose where you want your money invested - debt funds or even a mix of debt and equity.


With these options and the dual benefit of insurance and investment, ULIP becomes quite an attractive option for people looking to build wealth while safeguarding their family’s future

What factors affect the policy premium?

  • Medical History

    If you have any health problems, you will likely have higher premiums.

  • Lifestyle

    Your lifestyle choices, such as smoking, drinking, and being overweight, can increase your premiums.

  • Profession

    Risky professions such as construction, mining, oil exploration, firefighting, etc. will likely have higher premiums.

What is the claims process for ABSLI Fortune Elite plan?

  • Step 1 - Gather the required documents - the policy documents, certificates, ID proof, etc.

  • Step 2 - Inform the insurer about the event by phone, email, website, or visiting a branch.

  • Step 3 - Fill out and submit the claim forms along with all of the required documents.

  • Step 4 - Track your claim through the website or by contacting customer support.

  • Step 5 - Once your claim is verified and approved, the payout will be processed.

What are the tax benefits* of ABSLI Fortune Elite Plan?

img Tax saving* on premiums

The premiums paid for the plan are eligible for tax deductions up to ₹1,50,000 under Section 80C.

img Tax benefit* on maturity

The maturity amount received if you survive the policy term is also tax-exempt in certain cases

img Tax-free death benefits

The payout to your family on your demise is tax-free under Section 10(10D)** of the Income Tax Act 1961.

img Tax benefits* on partial withdrawal

Withdrawals less than 20% of the fund value after the lock-in period are tax-free.

FAQs on ABSLI Fortune Elite Plan

The following funds are available for investment under the Self- Managed Option

  1. Liquid Plus
  2. Income Advantage
  3. Assure
  4. Protector
  5. Builder
  6. Enhancer
  7. Creator
  8. Asset Allocation
  9. Magnifier
  10. Maximiser
  11. Multiplier
  12. Super 20
  13. Pure Equity
  14. Value & Momentum
  15. Capped Nifty Index
  16. MNC

Yes, you have a grace period of 15 days for premium payment in monthly mode and 30 days in other modes. If you fail to make the premium payment within this grace period, the policy will lapse.

If you are unhappy with the coverage, terms, and conditions of the ABSLI Fortune Elite plan, you have the option to cancel it after receiving the policy documents. The period is within 15 days for policies purchased through branches and 30 days if purchased electronically as long as no claims have been made during that period.

No, unfortunately, the plan does not cover critical illness.

Yes, you have the flexibility to make unlimited partial withdrawals under certain conditions. These withdrawals can be initiated after either five complete policy years or when the life insured attains the age of 18, whichever occurs later. The minimum amount for each partial withdrawal is ₹ 5,000.

Our Other Plans

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Term Insurance

Protect your loved ones with a comprehensive Term Insurance plan.

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Savings Plan

Achieve your financial goals along with an insurance coverage with Savings Plans.

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Retirement Plan

Secure your family’s future while building your retirement fund.

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ULIP

Seamlessly blend life insurance with wealth creation in one convenient package

Know More

Find Us Near You

*Risk coverage starts from the first policy anniversary

**If the entry age is between 56 to 65 years (both inclusive), the minimum premium payment term will be 10 years

*Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.

**Sec 10(10D) benefit is available subject to fulfilment of conditions specified therein

#Provided all due premiums are paid

1 ABSLI Fortune Elite Plan. – Male, Age:35 years, Annual premium: ₹75,000 for 5 years. Get ₹10,75,667/- @8%return and ₹5,18,860/- @4%return , Life Cover ₹7,50,000, PPT: 5 years Annual, Policy Term 20 years, Investment Option: Self-managed (mnc fund: 50%, pure equity fund: 50%).Refer to policy brochure for more details.

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating unit-linked life insurance plan. Aditya Birla Sun Life Insurance and ABSLI Fortune Elite 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 segregated fund reflects the value of the underlying investments. These investments are subject to market risks and changes in fundamentals such as tax rates etc affecting the investment portfolio. Linked Life Insurance products are different from traditional insurance products and are subject to risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital market and the insured is responsible for his or her decision. 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 segregated funds 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 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. This brochure contains the salient features of the plan. For further details please refer to the policy contract. UIN: 109L090V05

ADV/10/23-24/2443

ADITYA BIRLA CAPITAL DIGITAL LIMITED is a corporate agent of Aditya Birla Sun Life Insurance Company under IRDAI Registration No: …………….CA0871 and does not underwrite the risk or act as an insurer

Registered Address: 18th Floor, One World Center, Tower 1, Jupiter Mills Compound,841 Senapati Bapat Marg, Elphinstone Road Delisle Road, Mumbai Maharashtra 400013. Participation by the ABCD’s clients in the insurance products is purely on a voluntary basis.

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. This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating unit-linked life insurance plan. Aditya Birla Sun Life Insurance and ABSLI Fortune Elite 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 segregated fund reflects the value of the underlying investments. These investments are subject to market risks and changes in fundamentals such as tax rates etc affecting the investment portfolio. Linked Life Insurance products are different from traditional insurance products and are subject to risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital market and the insured is responsible for his or her decision. 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 segregated funds 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 will be added (extra) to your premium and levied as per extant tax laws. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. For policies issued on minor life, the date of commencement of risk shall be the date of commencement of the policy. Where a policy is issued on a minor life, the policy will vest after attainment of majority of the Life Insured. Where the Life Insured (whether major or minor) and Proposer/Policyholder is different, on the death of the Proposer/Policyholder, his legal heirs, in accordance with the existing succession laws, will be considered as new Proposer/Policyholder. Tax benefits are subject to changes in tax laws

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. Registered Office: One World Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. IRDAI Reg No.109 | Toll Free No. 1-800-270-7000 | Website: https://lifeinsurance.adityabirlacapital.com | CIN: U99999MH2000PLC128110 | UIN:109L090V05| ADV/10/23-24/2443

BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

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.