ABSLI Wealth Max Plan

• Where is the premium amount invested?
  The basic premium and top-up premium net of premium allocation charge will be used to purchase units in the various segregated fund/s offered under the ABSLI Wealth Max Plan and as chosen by you.
  
  The units purchased in the segregated fund is the monetary amount allocated to the segregated fund divided by its then prevailing unit price.
  
  
• Does this plan offer tax benefits?
  As per extant tax laws, this plan offers tax benefits1 under Section 80C and Section 10(10D) of the Income Tax Act, 1961, subject to fulfilment of the other conditions of the respective sections prescribed therein.
  
  ¹Tax benefits are subject to changes in tax laws. You are advised to consult your tax advisor for details.
  
  
• What is Systematic Transfer Option?
  The Systematic Transfer Option safeguards your wealth against the market volatilities. Under the Systematic Transfer Option, your premium (net of premium allocation charge) shall be first allocated to Liquid Plus fund option and thereafter, monthly 1/12th of the allocated amount shall be transferred to a segregated fund of your choice. You may choose any one segregated fund out of Income Advantage, Enhancer, Creator, Maximiser, Multiplier, Super 20, Value & Momentum and MNC Capped Nifty Index and Asset Allocation for your premiums to be transferred to. The transfers to your chosen segregated fund will take place monthly on 1st, 8th, 15th or 22nd of the month as selected by you. Any top-up premiums paid are invested directly into the target fund.
  
  For example, if person A aged 35 years, opts for Systematic Transfer Option with transfers on 15th of every month to Super 20:
  
  Premium/s net of premium allocation charges will be allocated in Liquid Plus Fund and thereafter on 15th of every month, 1/12th of initially allocated amount shall be automatically transferred to Super 20 Fund.
  
  
• What is Self-Managed Option?
  Self-Managed Option gives you access to our well-established suite of 16 segregated funds, complete control in how to invest your premium and full freedom to switch from one segregated fund to another.
  
  Our 16 segregated funds range from 100% debt to 100% equity to suit your particular needs and risk appetite – Liquid Plus, Income Advantage, Assure, Protector, Builder, Enhancer, Creator, Magnifier, Maximiser, Multiplier, Super 20, Pure Equity, Value & Momentum, Capped Nifty Index, Asset Allocation and MNC. If you wish to diversify your risk, you can choose to allocate your premiums in varying proportions amongst the 16 segregated funds. We record your allocation instructions as per the premium allocation percentages specified in the application form. Our only requirement is that the percentage allocated to any segregated fund be in increments of 5%, ranging from 5% to 100%.
  
  To meet your ever-changing investment needs, you have full flexibility to switch monies from one segregated fund to another at any time, provided the switched amount is for at least Rs.5,000.
  
  You can change from one investment option to another investment option any time after the first policy year. You can switch to Self-Managed Option or Systematic Transfer Option during the policy term. Switching to Systematic Transfer Option is allowed only at policy anniversary.
  
  
• How do I track and access my investments for this plan?
  You can monitor your investments
  
  On our website (www.adityabirlasunlifeinsurance.com);
  
  Through the semi-annual statement detailing the number of units you have in each segregated fund and their respective unit price as of the last policy anniversary; and
  
  Through the published unit prices of all segregated funds on our website as well as in the newspapers
  
  
• Can I withdraw funds partially in case there is a fund requirement?
  Yes. You are allowed to make unlimited partial withdrawals any time after (a) five complete policy years or (b) life insured attaining the age of 18, whichever is later.
  
  The minimum amount of partial withdrawal is Rs. 5,000. There is no maximum limit, but you are required to maintain a minimum Policy Fund Value of 50% of the basic premium paid plus 100% of any top-up premiums paid in the five years immediately preceding the date of withdrawal.
  
  
• What is the death benefit for this plan?
  In the event of unfortunate demise of the life insured (while the policy is in effect), we will pay to the nominee the higher of:
  
  Basic Fund Value as on date of intimation of death; or
  
  Basic Sum Assured
  
  Besides, we will also pay the higher of:
  
  Top-up Fund Value as on date of intimation of death; or
  
  ​​​​​​​Top-up Sum Assured

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). This is a non-participating unit linked life insurance savings plan. Aditya Birla Sun Life Insurance and ABSLI Wealth Max 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 change in fundamentals such as tax rates etc affecting the investment portfolio. Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in unit linked life insurance policies are subject to investment risk 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/her decision. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document. The various funds offered under this contract are the names of the funds and do not any way indicate the quality of these plans, their future prospects and returns. 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). 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 from the allotted units as applicable. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives. The brochure contains the salient features of the plan. For further details please refer to the policy contract. 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). 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 Indiabulls Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. IRDAI Reg No.109 CIN: U99999MH2000PLC128110 UIN: 109L073V05 ADV/2/19-20/1884 VER2/FEB/2020

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