Birla Sun Life ULIP Plans

Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya Birla Group and Sun Life Financial Inc., one of the leading international financial services companies from Canada. The insurance company provides comprehensive Unit Linked Insurance Plans (ULIPs) solutions that seamlessly combine life insurance with market-linked returns.

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6.7 Crore
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NAV
5 Year
7 Year
10 Year
Pure Equity
Fund Size: 2,337 Cr
2,337 Cr
68.4 0.76%
18.83% Highest Returns
15.54%
17.7%
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Maximiser
Fund Size: 2,892 Cr
2,892 Cr
61.04 0.74%
15.22% Highest Returns
13.95%
14.1%
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Value & Momentum
Fund Size: 664 Cr
664 Cr
42.81 0.69%
14.48% Highest Returns
9.14%
13.43%
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Super 20
Fund Size: 1,956 Cr
1,956 Cr
58.59 0.60%
14.53% Highest Returns
13.82%
13.21%
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Magnifier
Fund Size: 1,261 Cr
1,261 Cr
111.18 1.21%
13.56% Highest Returns
12.46%
13%
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Fund Size
NAV
5 Year
7 Year
10 Year
Multiplier
Fund Size: 4,058 Cr
4,058 Cr
84.42 1.28%
18.66%
15.48%
19.31% Highest Returns
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NAV
5 Year
7 Year
10 Year
Creator
Fund Size: 523 Cr
523 Cr
91.65 0.50%
10.66%
10.01%
11.09% Highest Returns
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Enhancer
Fund Size: 6,003 Cr
6,003 Cr
97.65 0.26%
8.57%
8.06%
9.06% Highest Returns
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NAV
5 Year
7 Year
10 Year
Builder
Fund Size: 243 Cr
243 Cr
84.14 0.12%
8.11%
7.8%
9.26% Highest Returns
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Protector
Fund Size: 305 Cr
305 Cr
60.74 0.02%
7.03%
6.86%
8.16% Highest Returns
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Income Advantage
Fund Size: 832 Cr
832 Cr
37.57 -0.05%
7.1%
6.88%
7.96% Highest Returns
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Assure
Fund Size: 279 Cr
279 Cr
42.25 -0.03%
6.15%
6.4%
6.99% Highest Returns
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Liquid Plus
Fund Size: 251 Cr
251 Cr
21.34 -0.01%
5%
5.49%
6.14% Highest Returns
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Best ULIP Funds - Consider the best performing ULIP funds to invest in 2024 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categories

Data source : value research

Returns as on 22-04-2024. The returns are the returns of best-performing fund in the plan

About Birla Sun Life

Aditya Birla Sun Life Insurance has contributed to the growth and development of the life insurance industry and is currently one of the leading life insurance companies in the country.  Their customer base comprises over 2 million policyholders. 

The company offers a complete range of plans comprising:

  • Protection Solutions

  • Children's Future Solutions

  • Wealth with Protection Solutions

  • Health and Wellness Solutions

  • Retirement Solutions

  • Savings with Protection Solutions

Birla Sun Life is the pioneer in the launch of Unit Linked Life Insurance Plans (ULIPs). The company aims to be a leader and role model in integrated financial services. They value Integrity, commitment, Passion, Seamlessness and Speed.

Introduction to Birla Sun Life ULIP Plans

Birla Sun Life ULIP Plans are Unit-Linked Insurance Plans that provide a mix of life insurance plans with market-linked best investment options. The premium payments in this ULIP plan are bifurcated into insurance coverage and creating a fund that invests in equity, debt, hybrid, or index funds.

The total market value of the corpus invested divided by the number of securities holdings gives the Net Asset Value (NAV). The NAV is the price of one unit of the Fund, and it changes with the market trends of the underlying assets.

Birla Sun Life ULIPs offer market-linked returns along with financial security to your family in your absence.

Key Features of Birla Sun Life ULIP Plans:

key feature of birla sun life ulip-planskey feature of birla sun life ulip-plans

  • Flexibility: You can customise your investment strategy based on your risk appetite.

  • Dual Benefit: It combines life insurance coverage with market-linked returns.

  • Top-up Option: Additional contributions are allowed to enhance your investment.

  • Switching Options: You can move funds between equity, debt, and balanced funds.

  • Partial Withdrawals: Allows you to access funds in case of financial needs after a lock-in period of 5 years.

  • Tax Benefits: You can enjoy the tax advantages under Section 80C and 10(10D) of the Income Tax Act, 1961.

  • Transparency: The company provides clear information on charges and fund performance.

  • Maturity Benefit: You receive fund value at maturity, which enhances wealth creation.

  • Fund Options: You can choose from diverse fund options based on your financial goals.

  • Rider Benefits: The plans allow additional riders for added protection and coverage.

  • Lock-in Period: Birla Sun Life ULIPs provide a disciplined approach with compounding benefits in the long term through a mandatory lock-in period.

*All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C Apply.

Types of Aditya Birla Sun Life ULIP Plans (ABSLI ULIP Plans)

Aditya Birla Sun Life Insurance Company offers the following types of ULIP Plans for its customers to choose from:

  • Aditya Birla Sun Life ULIP Plan – Fortune Wealth Plan

  • Aditya Birla Sun Life ULIP Plan – Platinum Gain Plan

  • Aditya Birla Sun Life ULIP Plan – Wealth Infinia Plan

  • Birla Sun Life ULIP Plan - Wealth Assure

  • Birla Sun Life ULIP Plan- Wealth Max

  • Birla Sun Life ULIP Plan- Wealth Secure

  • Birla Sun Life ULIP Plan- Fortune Elite

  • Birla Sun Life ULIP Plan- Wealth Aspire

Let us take a look at each plan in detail in the next few sections.

  1. Aditya Birla Sun Life ULIP Plan – Fortune Wealth Plan

    The Aditya Birla Sun Life Fortune Wealth Plan is a Unit Linked Insurance Plan (ULIP) that offers you both life insurance coverage and the potential for market-linked returns.

    Features of Birla Sun Life ULIP Plan – Fortune Wealth Plan:

    • Plan Options: Choose between Classic or Assured Options for Aditya Birla Sun Life Fortune Wealth Plan.

      • Classic Option: Tailored for traditional aspirations.

      • Assured Option: Designed for assured financial growth.

    • Flexibility in Terms: You can opt for your preferred policy term and premium paying terms with ABSLI Fortune Elite Plan.

    • Guaranteed Additions: The plan allows you to enjoy guaranteed additions in the form of additional units with the ABSLI Fortune Elite Plan.

    • Emergency Fund Flexibility: You can avail of partial withdrawals for unforeseen needs.

    • Tax Benefits: Reduce your taxable income with premium deductions (Section 80C) and receive tax-free claims (Section 10(10D)) for financial security.

    • Investment Options: Select from 5 investment options and access a variety of 18 funds based on your financial goals.

      • Systematic Transfer Option

      • Return Optimiser Option

      • Self-Managed Option

      • Smart Option

      • Life Cycle Option is an option

    Invest more and Get more with ULIP Plan Invest more and Get more with ULIP Plan
  2. Aditya Birla Sun Life ULIP Plan – Platinum Gain Plan

    The Aditya Birla Sun Life ULIP Plan – Platinum Gain Plan is a unit-linked, non-participating individual life insurance plan that offers a combination of life insurance coverage and the potential for wealth creation through market-linked investments.

    Features of Birla Sun Life ULIP Plan – Platinum Gain Plan:

    • Premium Flexibility: You can choose from 3 Premium Bands to align with your financial goals and preferences.

    • Sum Assured Options: The plans allow you to opt for a Sum Assured Multiple of 7X or 10X, providing flexibility and customisation.

    • Cost Transparency and Benefits: Experience the unique feature of Return of Mortality and Premium Allocation Charges, which boosts your Fund Value at the end of the Policy Term.

    • Fund Value Enhancement: Enjoy an enhanced Fund Value by having deducted Mortality Charges and Premium Allocation Charges added back, provided all due premiums have been paid.

    • Wealth Boosters and Loyalty Additions: Periodic additions to your Fund Value through Wealth Boosters and Loyalty Additions, which ensure continuous growth.

    • Tax Advantages: Save taxes on both your life insurance premiums and payouts! Section 80C lets you deduct premiums, while Section 10(10D) makes payouts tax-free under certain conditions.

    • Diverse Investment Options: Choose from 5 distinct investment strategies and 18 funds to cater to your specific investment needs.

      • Systematic Transfer Investment Option

      • Return Optimiser Investment Option

      • Self-Managed Investment Option

      • Smart Investment Option

      • Life Cycle Investment Option

    People also read: What is ULIP

  3. Aditya Birla Sun Life ULIP Plan – Wealth Infinia Plan

    Aditya Birla Sun Life Wealth Infinia is a Unit Linked Insurance Plan (ULIP) that offers a combination of life insurance protection and market-linked investment. The returns on your investment are linked to the performance of the markets.

    Features of Birla Sun Life ULIP Plan – Wealth Infinia Plan:

    • Premium Charge Returns: Experience the unique benefit of Return of Premium Allocation Charge and mortality Charge, enhancing your Fund Value.

    • Regular Withdrawals with Ease: Utilise the Systematic Withdrawal Facility for hassle-free and regular withdrawals to meet your financial needs.

    • Wealth Enhancement Mechanisms: Enjoy the dual benefits of Wealth Boosters and Loyalty Additions. This fosters continuous growth in your Fund Value.

    • Diverse Investment Options: Choose from 5 distinctive Investment Strategies and 16 Funds. It provides a tailored approach to your investment goals.

    • Loyalty Additions Bonus: Earn Loyalty Additions as a percentage of the fund value, credit only if all due premiums are paid. This benefit offers an additional boost to your policy.

    • Strategic Wealth Boosts: Witness additional units added to your Fund every 5 years, starting from the 10th policy year, provided all due premiums are paid.

    • Charge Reversals at Policy End: Experience the Return of Mortality and Premium Allocation Charges at the end of the Policy Term. This enhances your Fund Value by adding back the total deducted charges, contingent upon payment of all due premiums.

    • Tax Benefits: Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

  4. Birla Sun Life ULIP Plan - Wealth Assure

    Birla Sun Life Wealth Assure is a Unit Linked Insurance Plan (ULIP) offering market-linked returns and life insurance coverage. It provides flexibility in terms of premium payment terms, investment options, and fund switching.

    Features of Birla Sun Life ULIP Plan – Wealth Assure Plan:

    • Charge Reimbursement: Experience the unique feature of Return of Premium Allocation Charge & Mortality Charge, enhancing the overall value of your policy.

    • Wealth-Boosting Additions: Benefit from Wealth Boosters and Loyalty Additions, ensuring continual growth in your policy's value.

    • Death Benefit Options: Opt for either the Classic Option or Assured Option for the benefit payable to the nominee/policyholder in case of the life insured's unfortunate death during the policy term.

    • Classic Option: Sum Assured plus Policy Fund Value

    • Assured Option: Sum Assured plus Policy Fund Value. Additionally, in case of Critical Illness or Total Permanent Disability, the policy continues until maturity, with future premiums covered by the insurer.

    • Varied Investment Options: Explore different Investment Options, including the Smart Investment Option, Systematic Transfer Investment Option, Return Optimiser Investment Option, and Self-Managed Investment Option.

    • Protection for Critical Illness: Enjoy the Waiver of Premium on Critical Illness, ensuring continued coverage even during challenging health situations.

    • Tax Benefits: Utilise Section 80C for premium deductions and Section 10(10D) for tax-free claims.

  5. Birla Sun Life ULIP Plan- Wealth Max

    Birla Sun Life Wealth Max Plan is a single premium Unit Linked Insurance Plan (ULIP) offered by Aditya Birla Sun Life Insurance (ABSLI). It provides life cover along with the potential for market-linked returns.

    Features of Birla Sun Life ULIP Plan – Wealth Max Plan:

    • Single Premium ULIP: A Single Premium Unit Linked Insurance Plan (ULIP) that offers comprehensive benefits for the entire policy term with a one-time investment.

    • Guaranteed Additions: Stay invested in the ABSLI Wealth Max Plan and receive guaranteed additions. This enhances the value of your investment over time.

    • Top-Up Options: You can enjoy the flexibility of top-up options. It allows you to enhance your investment in the ABSLI Wealth Max Plan as per your financial goals.

    • Diverse Investment Choices: You can choose from a selection of 16 funds under the Self-Managed Option.

    • Strategic Investment Options: It provides a safeguard against market volatilities that helps average out risks associated with the equity market.

    • Complete Control with Self-Managed Option: This investment option gives you full control over investing your premiums with the flexibility of choosing from 16 segregated funds.

    • Rewards for Policy Continuance: You can earn Guaranteed Additions in the form of additional units as a reward for the continued policy tenure. This further enhances the value of your investment.

    • Tax Benefits: Section 80C allows you to deduct premiums from your taxable income, and Section 10(10D) ensures tax-free payouts under certain conditions.

    Invest in high growth ULIP Plans Invest in high growth ULIP Plans
  6. Birla Sun Life ULIP Plan- Wealth Secure

    Birla Sun Life Wealth Secure Plan is a unit-linked insurance plan (ULIP) that offers a combination of life insurance cover and investment.

    Features of Birla Sun Life ULIP Plan – Wealth Secure Plan:

    • Limited Payment Whole Life Policy: Choose a limited payment option for a whole life policy. It provides both longevity and flexibility in premium payments.

    • Diverse Investment Options: Enjoy flexibility with 3 investment options that cater to your risk profile and financial preferences.

    • Guaranteed Additions for Long-Term Commitment: Stay invested and receive Guaranteed Additions, which reward your commitment to the policy with additional units.

    • Top-Up Flexibility: Enhance your investment by adding top-ups. This provides additional flexibility to boost your policy's value.

    • Strategic Investment Management: Opt for the Life Cycle Option, which allows professional management of your investment portfolio based on your risk profile.

    • Market Timing Made Easy: Utilise the Systematic Transfer Investment Option to systematically participate in the market without the need to time your investments.

    • Complete Control with Self-Managed Option: Choose the Self-Managed Investment Option for full control over your premiums. You get access to 16 investment funds and the freedom to switch between funds as per your investment strategy.

    • Rewards for Policy Continuance: Earn Guaranteed Additions as a reward for the ongoing commitment to your policy. It provides additional units and enhances the long-term value of your investment.

    • Tax Advantages: Enjoy tax savings on both life insurance premiums and claims with Sections 80C and 10(10D). This provides a comprehensive tax advantage for your financial planning.

    People also read: ULIP Calculator

  7. Birla Sun Life ULIP Plan- Fortune Elite

    Birla Sun Life Fortune Elite Plan is a unit-linked insurance plan (ULIP) offered by Birla Sun Life Insurance. It is a limited-pay plan, which means that premiums are paid for a limited period of time.

    Features of Birla Sun Life ULIP Plan – Fortune Elite Plan:

    • Tailored Investment Options: You can choose from 3 investment options to align with your specific investment objectives and risk tolerance.

    • Flexible Policy Terms: Enjoy the freedom to select a policy term that suits your financial goals and time horizon.

    • Versatile Premium Payment Terms: Benefit from flexible premium payment terms, which allow you to adapt the payment schedule to your financial circumstances.

    • Partial Withdrawal Flexibility: Exercise the flexibility of partial withdrawals to meet unforeseen financial needs. This helps in providing liquidity when required.

    • Guaranteed Additions for Commitment: Be rewarded for your policy continuance with Guaranteed Additions in the form of additional units.

    • Tax Efficiency: Reduce your taxable income by availing premium deductions under Section 80C and enjoy tax-free claims under Section 10(10D) for enhanced financial security.

    • Emergency Surrender Benefit: In cases of emergencies, you have the option to surrender your policy at any time during the policy term.

  8. Birla Sun Life ULIP Plan- Wealth Aspire

    The Birla Sun Life Wealth Aspire Plan is a Unit Linked Insurance Plan (ULIP) that offers both life insurance protection and the potential for wealth creation through market-linked investment.

    Features of Birla Sun Life ULIP Plan – Wealth Aspire Plan:

    • Versatile Premium Payment Terms: Choose premium paying terms ranging from 5 to 40 years, providing flexibility to align with your financial preferences and goals.

    • Top-Up Flexibility: Add top-ups to your plan whenever you have additional savings, allowing you to enhance your investment as per your financial capabilities.

    • Emergency Fund Access: Enjoy the flexibility of partial withdrawals from your plan, providing a financial safety net for unforeseen emergencies.

    • Diverse Investment Options: Explore three distinct investment options within the plan, catering to varying risk appetites and investment objectives:

      • Return Optimiser Option

      • Systematic Transfer Option

      • Self-Managed Option

      • Smart Option

    • Tax Benefits: You can claim a deduction under Section 80C and Section 10(10D) of the Income Tax Act, 1961.

Steps to Invest in a Birla Sun Life ULIP Plan through Policybazaar

You can purchase a Birla Sun Life ULIP plan by comparing the best investment plans offered by Birla Sun Life on Policybazaar. Follow the steps mentioned below:

Step 1: Compare and Choose:

  • Visit Policybazaar and select ULIPs under "Personal".

  • Enter details like DOB, smoking habits, and desired sum assured.

  • Compare quotes from Birla Sun Life and other insurers.

Step 2: Pick Your Plan:

  • Choose from Birla Sun Life ULIP options based on your needs and risk appetite.

  • Consider factors like policy terms, premium payment period, fund choices, and charges.

Step 3: Get a Quote:

  • Fill in your personal details and contact information.

  • Review the plan specifics and premium amount.

Step 4: Buy the Policy:

  • Choose your payment method (debit/credit card or NEFT).

  • Complete the online application and make the initial premium payment.

Step 5: Medical Checkup (if required):

  • Some Birla Sun Life ULIPs might require a medical checkup depending on age and sum assured.

Birla Sun Life ULIP Plans

  • Is Birla Sun Life ULIP good for 5 years?

    The suitability of Birla Sun Life ULIP (Unit Linked Insurance Plan) for a 5-year period depends on your individual financial goals, risk tolerance, and investment horizon. ULIPs are typically designed for long-term investment, and a 5-year horizon might be considered relatively short for this type of insurance-cum-investment product.
  • What is the return of Birla Sun Life ULIP in 10 years?

    The returns of Aditya Birla Sun Life ULIP Plans for 10 years lie between 10% - 21.50% p.a.
  • What is the full form of Aditya Birla ULIP?

    Aditya Birla ULIP stands for Unit Linked Insurance Plan offered by Aditya Birla Life Insurance Limited. It is a type of financial product that combines life insurance coverage with investment opportunities.
  • Who is eligible for the Aditya Birla ULIP plan?

    The eligibility criteria for Aditya Birla ULIP plans generally include the following:
    • Age: You must be at least 18 years old to purchase a ULIP plan.

    • Income: You should have a steady source of income to be able to afford the regular premium payments.

    • Medical history: You may need to undergo a medical examination, depending on your age, the amount of coverage you are applying for, and your medical history.

    • Citizenship: You must be an Indian citizen to purchase an Aditya Birla ULIP plan.

    • KYC documents: You will need to provide valid Know Your Customer (KYC) documents such as an Aadhaar card, PAN card, and proof of address.

  • How to pay premium? What are the modes of payment available?

    You can pay your Birla Sun Life Insurance premium through ANY these following methods:

    No Cash Payment is Accepted

    • Online Payment- Debit/credit or NEFT
    • Cheque Payment
    • ECS SYSTEM

    Step 1: Enter your policy details – policy number and policyholders date of birth

    Step 2: Select your payment method- debit/ credit card or NEFT to pay the premium

    Step 3: Authenticate and confirm your payment details and print online payment receipt

  • How can I check policy status for Birla Sun Life ULIP plans?

    For all Birla Sun Life Insurance policyholders, online checking of policy status is available.

    To check the policy status online, log into the e-portal with your Client ID and password.

  • What is the policy renewal process for Birla Sun Life ULIP plans?

    The process of Online Policy Renewal facility is as follows;

    Step 1: Log into the e-Portal with your valid credentials

    Step 2: Use the mode of payment to renew your policy

    Step 3: Print the payment receipt

  • What is the company’s process to settle claim for Birla Sun Life ULIP plans?

    The claims must be lodged after 30 days of the expiry of a medical diagnosis or treatment. This process involves a written intimation by the beneficiaries to the claims department, duly signed by the Municipal Authority/Magistrate.

    Upon receiving the application, Claims Department sends the claimant a required set of documents including claim forms to be duly filled and sent back for processing the same.

  • What is the policy cancellation process for Birla Sun Life ULIP plans?

    The Birala Sun Life Insurance policyholders must attach all the relevant policy documents along with a duly filled surrender form at any of the branch locations in their city. The surrender value will be calculated as per the prevailing market rates if the form is submitted before 3:00 PM, else the next day’s value is applicable.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^The tax benefits under Section 80C allow a deduction of up to ?1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ?2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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