Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document. Investment funds are subject to investment risks and unit prices may go up or down reflecting the market value of the underlying assets. In this plan, the investment risk in the investment funds chosen by you is borne by you. The name of the funds offered in this plan does not in any indicate their quality, future prospects or returns. Aditya Birla Sun Life Insurance and ABSLI Wealth Aspire Plan are only the names of the Company and Policy respectively and do not in any way indicate their quality, future prospects or returns. This is a non-participating unit linked life insurance plan. This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). 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 linked Insurance Products do not offer any liquidity during the first five years of the contract. Any such surrender will be treated according to the Policy Discontinuance section in the sales brochure. In case of emergencies, you can surrender your policy to us anytime during the policy term.
You will receive the Basic Fund Value plus the Top-Up Fund Value as of that date at the end of the Policy Term. Please refer product brochure for details. The policy will not terminate once this death benefit is paid to the nominee and it continues till policy maturity date. In the unfortunate event the life insured dies while the policy is in effect, we shall pay to the nominee the Basic Sum Assured plus Top-up Sum Assured, if any, Top-up Fund Value as on date of intimation of death, if any or.In addition we will also pay the greater of Basic Fund Value as on date of intimation of death or.You are rewarded for policy continuance in the form of additional unitsĬlassic Option: In the unfortunate event the life insured dies while the policy is in effect, we will pay to the nominee/policyholder the greater of ABSLI Pradhan Mantri Jeevan Jyoti Bima YojanaĪBSLI Group Bima Yojana Plan (Micro Insurance)
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