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FEATURES

Key Features:

  • Investment cum Insurance plan providing financial security to your loved ones and providing upside of market related returns while shielding your returns from downside risks
  • Premium paying term of 5 years
  • Flexibility to choose between 3 investment options to suit your investment needs
  • Sum Assured plus Fund Value payable on unfortunate death of the life insured
  • Flexibility to add top-ups whenever you have additional savings
  • Flexibility of partial withdrawals to meet any emergency fund requirements
  • Tax benefits under section 80C and section 10(10D) of the Income Tax Act, 1961*

 

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Benefits:

1.Guaranteed Additions – in the form of additional units will be added to your policy:

  • From 6th to 10th policy anniversary - Guaranteed Addition is 0.25% of the average Fund Value in the last 12 months
  • From 11th to 15th policy anniversary - Guaranteed Addition is 0.55% of the average Fund Value in the last 12 months
  • From 16th policy anniversary and every year thereafter - Guaranteed Addition is 0.75% of the average Fund Value in the last 12 months

After the completion of 5 policy years, non-negative residual additions, if any, shall be credited to the policy in order to meet the maximum reduction in yield as in Regulation 37 of IRDA (Linked Insurance Products) Regulations, 2013.

2.Death Benefit (1) – Upon the unfortunate demise of the life insured prior to maturity, the nominee shall receive the Basic Sum Assured plus the Basic Fund Value as on the date of intimation of death. In addition the Top-up Sum Assured plus the Top-up Fund Value shall also be paid as on the date of intimation of death.

Death benefit shall never be less than 105% of total premiums paid to date (excluding service tax).

In case where the death of the Life Insured takes place prior to risk commencement date,only the basic premiums paid (excluding service tax, if any) shall be payable as the Death Benefit.

3.Maturity Benefit – you will receive the Fund Value at maturity.

4.Surrender Benefit – In case of emergencies, you can surrender your policy to ABSLI Co. anytime during the policy term. Any such surrender during the first five years will be treated according to the complete withdrawal as mentioned in Policy Discontinuance section. In case you surrender the policy after the completion of five years the Fund Value will be paid immediately.

(1) In case of death of the life insured, if life insured is different from the proposer/policyholder, the proposer/policyholder will receive the policy proceeds.

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Frequently Asked Questions

This is an individual plan.

Prime benefits of this plan are – 

Dual benefit of life insurance protection and savings through a wide range of fund options

Option to increase protection through waiver of premium in case of critical illness or total permanent disability

Boost your savings through regular premiums 

Flexibility to choose between 4 investment options to suit your needs 

Flexibility to add top-ups whenever you have additional savings

Flexibility of partial withdrawals to meet any emergency fund requirements

Before the issuance of the plan, basis your medical history and sum assured, a medical test may be conducted at a diagnostic centre of your choice inside India.

As per extant tax laws and section 80C and 10(10D) of Income Tax Act, 1961, this plan offers tax benefits1.

1Tax benefits are subject to changes in the tax laws. Please consult your tax advisor.

*Risk commences from the first policy anniversary

^policy term of 15 years is not available to entry ages below 3 years

Nomination can be changed at any time before policy matures, by an endorsement or a will. You are required to fill up a change of nomination form and submit it. Once the KYC verification is done the change in nomination is registered and confirmation will be sent to you. However, it is advisable that you decide upon the nominee and not change unless necessary.

Yes, you can purchase ABSLI Wealth Assure Plus offline also.

Long-term wealth creation and risk cover against death, critical illness and disability

Benefits of MNC fund for the first time in your ULIP portfolio

Flexibility to choose between 4 investment options to suit your needs

Flexibility to choose between Classic and Assured plan options

Avail tax benefits u/s 80C & 10(10D) (1)

1Tax benefits are subject to changes in tax laws

Disclaimer

HDFC Bank Limited (IRDAI Registration No: CA0010) is the Corporate Agent of Aditya Birla Sun Life Insurance Company Limited and does not underwrite the risk or act as an insurer.

Registered Address: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Participation by the Bank’s clients in the Insurance products is purely on a voluntary basis. The contract of Insurance is between Aditya Birla Sun Life Insurance Company Limited and the Insured and not between HDFC Bank and the Insured.

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). Participating unit linked life insurance plan. Aditya Birla Sun Life Insurance Company Limited is only the name of the Insurance Company and ABSLI Wealth Assure Plus 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. 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 change in fundamentals such as tax rates etc affecting the investment portfolio. ULIP Issued on or after 1st February 2021 where the annualised premium exceeds Rs 2.5 lakh at any time during the premium paying term, the amount received on maturity shall not be entitled for exemption under section 10(10D) of the Income-tax Act, 1961. However, death benefit received shall be exempt u/s 10(10D). Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document. The premium paid in non - participating 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. Goods and Service Tax and any other applicable taxes levied as per extant tax laws shall be deducted from the premium or from the allotted units as applicable. 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). An extra premium may be charged as per our then existing underwriting guidelines for substandard lives. The insurance cover will commence on the later of (i) date of acceptance of risk by the Company and (ii) date of realisation of premium by the Company. This brochure contains the salient features of the plan. 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. Aditya Birla Sun Life Insurance Company Limited. Registered Office: One World Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. IRDAI Reg No.109 CIN: U99999MH2000PLC128110 UIN:109L120V02 ADV/11/20-21/1562 VER2/NOV/2020

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.