Birla Sun Life ULIP Plans

Birla Sun Life ULIP Plans

by Editor

Birla Sun Life ULIP Plans Overview

Aditya Birla Sun Life insurance Co. Ltd. (formerly known as Birla Sun Life Insurance Company Limited) is one of the top private life insurance companies in India. Aditya Birla Sun Life insurance is a joint venture between SLFI i.e. Sun Life Financial Inc. and ABG i.e. Aditya Birla Group. While Aditya Birla Sun Life insurance was founded on August 4th, 2000, it started its operations on January 17th, 2001. Apart from Birla Sun Life ULIP plans, Birla Sun Life mutual fund and Birla Sun Life SIP are popular financial instruments offered by the company.

Birla Sun Life online payment makes it easier for insurance buyers to buy insurance.

Birla Sun Life ULIP plans

Mentioned below are Birla Sun Life ULIP plans.

Aditya Birla Sun Life insurance Wealth Max Plan

It’s one of the excellent Birla Sun Life ULIP plans. It’s an investment plan that provides financial security to the insured’s family. Additionally, it provides higher returns on investment. It’s a single premium unit linked insurance plan that helps investors’ accomplish their financial goals.

Features of ABSLI Wealth Max Plan

Here are the features of one of the excellent Birla Sun Life ULIP plans.

Partial Withdrawals

The plan comes with a facility of making partial withdrawals from the funds.

Single premium multiple benefits

The plan comes with a single premium and offers financial growth.

Top-ups

One of the excellent Birla Sun Life ULIP plans gives flexibility to the policyholder to opt for top-ups in case he/she has additional savings.

Benefits of ABSLI Wealth Max Plan

Here are the benefits of one of the excellent Birla Sun Life ULIP plans.

1. Maturity Benefit-At the time of maturity, the policyholder shall get the value at of fund as the maturity benefit. As per his/her preference, he/she can select to get the maturity benefit as either a one-time payment or as regular installments over tenure of 5 years.
2. Guaranteed Additions- As a rewarded for continuing the policy, the plan provides guaranteed additions of extra units subject to the applicable terms and conditions. Birla Sun Life ULIP plans are well known for its guaranteed additions.
3. Surrender Benefit- As per the policyholder’s financial need, he/she can avail the benefit of surrendering the plan as per applicable terms and conditions.
4. Death Benefit-In case a policyholder passes away while the plan is in effect, the nominee shall receive the greater of:

I. The basic value of the fund
II. The basic assured sum in addition to higher of the fund value of top-up or assured sum for top-up.
Note- The minimum death benefit shall never be lower than 105 percent of total paid premiums.

5. Tax Benefits- The plan provides tax benefit as per Section 10D and Section 80C of the Income Tax Act, 1961.

Investment Options under ABSLI Wealth Max Plan

Here are the investment options offered by one of the excellent Birla Sun Life ULIP plans.

1. Self-Managed Option

The investment option enables the policyholder to get access to a well-established set of 11 funds. It gives the policyholder to take a charge of his/her Investment.

2. Systematic Transfer Option

The option secures insured’s wealth against the market risks. Additionally, it averages out the risk associated with the equity market.

ABSLI Wealth Max Plan Charges

The plan offered by Aditya Birla Sun Life attracts various charges including fund management charges, policy administration charges, premium allocation charges and, mortality charges.

2. Aditya Birla Sun Life insurance Wealth Secure Plan

True to its name, it is a plan that offers security to the policyholder’s wealth. It provides him/her an opportunity to generate additional wealth. It is one of the most sought-after Birla Sun Life ULIP plans. It offers the fulfillment of various financial goals of various policyholders. The ULIP attracts a one-time premium payment.

Features of ABSLI Wealth Secure Plan

Here are the features of one of the most sought-after Birla Sun Life ULIP plans.

1. Fund Options- One of the most sought Birla Sun Life ULIP plans offer the option of selecting three investment options as per the investment needs of an insurance buyer.
2. Top-ups- The plan offers flexibility to the policyholder to opt for top-ups in case he/she has additional savings.
3. Limited premium yet unlimited coverage- The plan comes with premium payment for a limited tenure. In return, the policyholder gets life cover for his/her whole life.
4. Partial Withdrawals- The plan comes with a facility of making partial withdrawals from the funds.

Benefits of ABSLI Wealth Secure Plan

Here are the benefits of one of the most sought-after Birla Sun Life ULIP plans.

1. Surrender Benefit- As per the policyholder’s financial need, he/she can avail the benefit of surrendering the plan as per applicable terms and conditions.
2. Death Benefit-In case a policyholder passes away while the plan is in effect, the nominee shall receive the greater of:

I. The basic value of the fund
II. The basic assured sum in addition to higher of the fund value of top-up or assured sum for top-up.
Note- The minimum death benefit shall never be lower than 105 percent of total paid premiums.

3. Guaranteed Additions- As a rewarded for continuing the policy, the plan provides guaranteed additions of extra units subject to the applicable terms and conditions. Birla Sun Life ULIP plans are well known for its guaranteed additions.
4. Tax Benefits- The plan offers tax benefit as per Section 10D and Section 80C of the Income Tax Act, 1961.

Investment Options under ABSLI Wealth Secure Plan

Here are the investment options offered under one of the most sought-after Birla Sun Life ULIP plans.

1. Self-Managed Option
The investment option enables the policyholder to get access to well-established set of 13 funds. It gives the policyholder to take a charge of his/her Investment.

2. Systematic Transfer Option
The option secures insured’s wealth against the market risks.

3. LifeCycle Option-Based on the risk=profile, the option enables the insurance provider to administer and manage the investment portfolio of the policyholder on his/her behalf.

ABSLI Wealth Secure Plan charges

The plan offered by Aditya Birla Sun Life attracts various charges including fund management charges, policy administration charges, premium allocation charges and, mortality charges.

3. Aditya Birla Sun Life insurance Wealth Assure Plan

It is a savings and protection plan that fulfills the objective of steady wealth generation over a period of time. It ensures that financial future of the policyholder’s family and provides the much-needed peace of mind to the policyholder. It is one of the best selling Birla Sun Life ULIP plans.

Features of ABSLI Wealth Assure Plan

Here are the features of one of the best selling Birla Sun Life ULIP plans.

1. Top-ups- One of the best selling Birla Sun Life ULIP plans give flexibility to the policyholder to opt for top-ups in case he/she has additional savings.
2. Single Plan, Dual Benefits- The insurance cum investment element of the plan provides financial security. It safeguards the investor’s investment fund when the market is down.
3. Partial Withdrawals- The plan comes with a facility of making partial withdrawals from the funds.

Benefits of ABSLI Wealth Assure Plan

Here are the benefits of one of the best selling Birla Sun Life ULIP plans.

1. Maturity Benefit- At the time of maturity, the policyholder shall get the value at of fund as the maturity benefit.
2. Death Benefit-In case a policyholder passes away while the plan is in effect, the nominee shall receive:

I. The basic value of the fund and basic assured sum, in addition, to the fund value of top-up and assured sum for top-up.

Note- The minimum death benefit shall never be lower than 105 percent of total paid premiums.

3. Surrender Benefit- As per the policyholder’s financial need, he/she can avail the benefit of surrendering the plan as per applicable terms and conditions.
4. Guaranteed Additions– As a rewarded for continuing the policy, the plan offers guaranteed additions of extra units subject to the applicable terms and conditions. Birla Sun Life ULIP plans are well known for its guaranteed additions.
5. Tax Benefits- The plan offers tax benefit as per Section 10D and Section 80C of the Income Tax Act, 1961.

ABSLI Wealth Assure Plan Charges

The plan offered by Aditya Birla Sun Life attracts various charges including fund management charges, policy administration charges, premium allocation charges and, mortality charges.

4. Aditya Birla Sun Life insurance Fortune Elite Plan

The plan offers a security net to the accumulated wealth of a policyholder. ABSLI Fortune Elite is a ULIP that provides insurance coverage along with an opportunity for wealth enhancement and preservation. It ensures that an investor is able to maintain his/her lifestyle that he/she has worked hard to attain. Additionally, it enables the policyholder to leave a legacy for his/her future generations to come.

The plan is one of the few Birla Sun Life ULIP plans that offer the fulfillment of the financial along with estate planning expectations of the policyholder.

Features of ABSLI Fortune Elite Plan

Here are the features of one of the few Birla Sun Life ULIP plans that offer the fulfillment of the financial along with estate planning expectations of the policyholder:

1. Premium Payment Term- The plan comes with a premium payment term of 5 years, 10 years, 15 years, and 20 years.
2. Partial Withdrawals- The plan comes with a facility of making partial withdrawals from the funds.
3. Top-ups- One of the few Birla Sun Life ULIP plans that offer financial satisfaction offers flexibility to the policyholder to opt for top-ups in case he/she has additional savings.
4. Policy Tenure- The plan comes with the policy tenure of 20 years, 25 years, 30 years, 35 years, and 40 years.

Benefits of ABSLI Fortune Elite Plan

Here are the benefits of one of the few Birla Sun Life ULIP plans that offer the fulfillment of the financial along with estate planning expectations of the policyholder.

1. Maturity Benefit- At the time of maturity, the policyholder shall get the value at of fund as the maturity benefit.
2. Death Benefit-In case a policyholder passes away while the plan is in effect, the nominee shall receive the higher of:

I. The basic value of the fund or basic assured sum, in addition, to the fund value of top-up and assured sum for top-up.
Note- The minimum death benefit shall never be lower than 105 percent of total paid premiums.

3. Surrender Benefit- As per the policyholder’s financial need, he/she can avail the benefit of surrendering the plan as per applicable terms and conditions.
4. Guaranteed Additions– As a rewarded for continuing the policy, the plan offers guaranteed additions of extra units subject to the applicable terms and conditions. Birla Sun Life ULIP plans are well known for its guaranteed additions.
5. Tax Benefits-The plan offers tax benefit as per Section 10D and Section 80C of the Income Tax Act, 1961.

Investment Options under ABSLI Fortune Elite Plan

Here are the investment options offered by of one of the few Birla Sun Life ULIP plans that offer the fulfillment of the financial along with estate planning expectations of the policyholder.

a) Systematic Transfer Option
The option secures insured’s wealth against the market risks. The option can be availed only if an insured has selected the plan on an annual basis.
b) Self-Managed Option

The investment option enables the policyholder to get access to a well-established set of 17 funds. It gives the policyholder the freedom to take a charge of his/her Investment as well as switch from one fund to the other (if required).

c) Return Optimiser Option
The investment option enables the policyholder to get best of the equity market. The plan protects the policyholder’s gains from the potential market risks while it creates a stable sequence of returns on investment.

5. Aditya Birla Sun Life insurance Wealth Aspire Plan

The plan helps a policyholder to achieve his/her goals towards accumulating wealth by organizing his/her efforts in a systematic manner. Aditya Birla Sun Life Insurance Wealth Aspire Plan ensures that the policyholder accumulates substantial corpus so that the financial future of his/her family is safe. It is one of the most searched Birla Sun Life ULIP plans.

Features of ABSLI Wealth Aspire Plan

Here are the features of one of the most searched Birla Sun Life ULIP plans.

1. Top-ups- One of the most searched Birla Sun Life ULIP plans give flexibility to the policyholder to opt for top-ups in case he/she has additional savings.
2. Flexibility- The plan provides the flexibility to select the following as per his/her investment goals.

a. Premium payment tenure
b. Policy tenure
c. Plan option
d. Investment option

3. Partial Withdrawals- The plan comes with a facility of making partial withdrawals from the funds.

Benefits of ABSLI Wealth Aspire Plan

Here are the benefits of one of the most searched Birla Sun Life ULIP plans.

1. Maturity Benefit- At the time of maturity, the policyholder shall get the value at of fund as the maturity benefit. As per his/her preference, he/she shall receive the benefit as a one-time payment or as installments over the tenure of 5 years.
2. Death Benefit- The plan offers two options for the death benefit. In case a policyholder passes away while the plan is in effect, the benefit is offered as per the offered plan.

a. Assured Option- Under the option, the following benefit is offered to the policyholder’s nominee:
The basic assured sum in addition to top-up assured sum, if applicable.

b. Classic Option- Under the option, the following benefit is offered to the policyholder’s nominee shall receive the higher of:
• The basic value of the fund
• The basic assured sum

Additionally, the insurance provider shall pay the higher of:
• Top-up assured sum
• Top-up value of the fund

Note- The minimum death benefit shall never be lower than 105 percent of total paid premiums.

3. Surrender Benefit- As per the policyholder’s financial need, he/she can avail the benefit of surrendering the plan as per applicable terms and conditions.

4. Guaranteed Additions– As a rewarded for continuing the policy, the plan provides guaranteed additions of extra units subject to the applicable terms and conditions. Birla Sun Life ULIP plans are well known for its guaranteed additions.

5. Tax Benefits-The plan offers tax benefit as per Section 10D and Section 80C of the Income Tax Act, 1961.

Investment Options under ABSLI Wealth Aspire Plan
Here are the investment options offered by one of the most searched Birla Sun Life ULIP plans.
.
1. Systematic Transfer Option- The option secures insured’s wealth against the market risks. The option can be availed only if an insured has selected the plan on an annual basis. Under the option, the policyholder can transfer the fund in up to 4 fund options on the weekly or monthly basis.

2. Self-Managed Option- The investment option enables the policyholder to get access to a well-established set of 15 funds. It gives the policyholder the freedom to take a charge of his/her Investment as well as switch from one fund to the other (if required).

3. Return Optimiser Option- The investment option enables the policyholder to get best of the equity market. The plan protects the policyholder’s gains from the potential market risks while it creates a stable sequence of returns on investment.

4. Smart Option- The investment option enables the policyholder to structure his/her portfolio as per his/her risk appetite and maturity date of the plan. Over a period of time, the allocation management is done in such a way that it automatically switches the riskier assets from safer assets as the plan approaches the maturity date.

ABSLI Wealth Aspire Plan Charges

The plan offered by Aditya Birla Sun Life attracts various charges including fund management charges, policy administration charges, premium allocation charges and, mortality charges.

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