ABSLI Wealth Assure Plus Plan

ULIP or Wealth Protection Plan is a two-in-one plan that offers wealth protection along with investment opportunities in the capital market. Aditya Birla Sun Life Insurance (ABSLI) Wealth Assure Plus is a ULIP plan that provides the best of both insurance coverage and investment. The plan enables long-term wealth accumulation along with protection against death, critical illness, and permanent disability.

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The ABSLI Wealth Assure Plus plan can be customized according to the needs of the insured. The ABSLI Wealth Assure Plus policy is ideal for securing one’s financial future and achieving his life goals at various phases.

ABSLI Wealth Assure Plus Plan Details:

Parameters  Details 
Policy Tenure 15, 20, 25, 30, or 35 years
Premium Paying Term 10 or 15 years (for a policy term of 15 years)
10, 15, or 20 years (for a policy term of 20, 25, 30, or 35 years)
Premium Paying Mode Quarterly, Monthly, Semiannually, and Annually
Entry Age (Minimum) Classic option: 30 days
Assured option: 18 years
*Policy term 15 years not available below 3 years age
Entry Age (Maximum) Classic Option: 55 years
Assured Option: 50 years
Maturity Age (Minimum) Classic option: 18 years
Assured option: 33 years
Maturity Age (Maximum) Classic Option: 75 years
Assured Option: 65 years
Grace Period 30 Days (15 Days for Monthly Mode)
Sum Assured Minimum: Rs. 2,40,000 P.A.
Liquidity Partial withdrawals are allowed after 5 complete policy years or insured attaining 18 years of age, whichever is later.

Benefits of the ABSLI Wealth Assure Plus Policy

ABSLI Wealth Assure Plus Policy offers the following benefits to its buyers:

  1. Guaranteed Additions:

    Additional units as a percentage of the basic premium are added to the policy automatically post its maturity. The guaranteed additions for the premium Band- 1 can range from 10% to 50% as per the different policy terms.

    For Premium Band-2, the guaranteed additions are increased by 10% of the basic premium upon plan maturity.

  2. Death Benefit:

    In the unfortunate event of the death of the insured, the nominee will receive:

    • Basic Sum Assured

    • Basic Fund Value as on the date of death intimation

    • Top-up Sum Assured

    • Top-up Fund Value as on the date of death intimation

  3. Maturity Benefit:

    The policyholder will receive the Basic Fund Value as well as the Top-Up Fund Value as on the date of policy maturity.

  4. Surrender Benefit:

    If the policyholder decides to surrender the policy, the policy fund of the discontinued policy will be payable at the end of the lock-in period or the date of surrender, whichever is later.

  5. Premium Waiver Benefit:

    If the insured is suffering from any of the specified Critical Illnesses or Total Permanent Disability (TPD) during the policy term, all future premiums will be paid by the insurance company. This benefit is available only for the Assured option of the plan and is applicable on the first occurrence of the TPD or Critical Illness, whichever is earlier.   

  6. Tax Benefit:

    The premiums paid and the benefits received under the ASBLI Wealth Assure Plus policy are eligible for tax benefits under Section 10(10D) and Sec 80 C of the Income Tax Act, 1961.

    The tax benefit is subject to changes in tax laws

The Premium for the ABSLI Wealth Assure Plus Policy

The basic minimum amount payable for the ABSLI Wealth Assure Plus plan premium will be Rs. 24,000 P.A.

The minimum top-up premium amount payable for the ABSLI Wealth Assure Plus plan will be Rs. 5,000 P.A.

*Standard T&C Apply

The exact amount of premium will depend upon the plan option (Classic or Assured) chosen by the policyholder.

Subscribers can use the ABSLI Wealth Assure Plus Plan Calculator available online to get an idea about the premium sum to be paid.

Additional Riders for the ABSLI Wealth Assure Plus Policy

The following additional riders can enhance ABSLI at a minimal cost:

  1. ABSLI Accidental Death Benefit Rider Plus

    In the event of the unfortunate death of the insured due to an accident, the company pays 100% of the rider sum assured to the nominee.  

  2. ABSLI Waiver of Premium Rider

    In case the policyholder becomes disabled due to an accident, diagnosed with any of the specified illnesses, the insurance company pays off all future premiums.

Eligibility for ABSLI Wealth Assure Plus Plan

  1. Entry Age: 

    Classic option

    • Minimum 30 days

    • Maximum is 55 years

    Assured option

    • Minimum of 18 years

    • Maximum 50 years

  2. Maturity Age:

    Classic option

    • Minimum of 18 years

    • Maximum is 75 years

    Assured option

    • Minimum of 33 years

    • Maximum 65 years

What are the documents required to buy this policy?

To buy ABSLI Wealth Assure Plus Policy, applicants must provide:

  • Document for identity proof such as AADHAR card, Passport, or Driver license  

  • Document for Address proof such as AADHAR card, passport, driving license, or voter’s card. 

  • Document for Income proof, such as Income tax returns and salary slips

How to buy this plan online?

To buy online ABSLI Wealth Assure Plus policy, the applicant must:

  • Log in to the official portal of Policybazaar.com

  • Choose ABSLI Wealth Assure Policy

  • Enter his details to get an approximate quote for the annual premium

  • Choose the Plan type and the Investment option

  • Choose Policy Term, Premium Paying Term, Mode, and Frequency

  • Choose the Basic Sum Assured amount

  • The proposer must then enter his complete personal and health details

  • The premium payable will be calculated, and he must pay the amount to activate the plan

  • A confirmation message with the policy number and other details to his mobile phone and Email Id

Exclusions of the ABSLI Wealth Assure Plus Policy

The ABSLI Wealth Assure Plus reviews indicate mainly the Suicide Exclusion clause that states that in the event of the death of the insured due to suicide occurs within 12 months of the policy commencement or renewal, the policyholder, or the beneficiary will be entitled to the policy fund value as on the date of death intimation. 

Some of the exclusions applicable to the Assured option for the Total and Permanent Disability and Critical Illness benefit are as follows:

  • AIDS or Sexually transmitted diseases

  • Suicide or self-inflicted injuries

  • Injury due to criminal activity

  • Illness due to the consumption of liquor or narcotic substance

  • Injury due to participation in a hazardous or adventurous sport


  • Q1. What is the free look period under this policy?

    Ans: The free look period for the ABSLI Wealth Assure Plus Policy is 15 days for the buyers who buy directly and 30 days for those buying through distance marketing. 
  • Q2. What are the premium payment options available for the ABSLI Wealth Assure Plus Policy?

    Ans: The various premium payment options available are:
    • Online payment on the official website of ABSLI
    • ECS/ Direct Debit from the bank account
    • Direct debit from credit card
    • Pay at the branch office.
  • Q3. When does a policy lapse?

    Ans: The policy lapses if the policyholder fails to pay the premium even after the grace period. 
  • Q4. How can one check the ABSLI Wealth Assure policy status?

    Ans: The Insured can check the ABSLI Wealth Assure policy status either online or by calling the insurance company's official customer service number.
  • Q5. What is the meaning of the Top-up premium?

    Ans: Top-up premium is the additional amount the insured pays within the policy term and above the annual premium amount. 
  • Q6. Is nomination allowed under this policy?

    Ans: Yes, the nomination is allowed under the policy, but the rules are subject to amendment.
  • Q7. Can one increase the sum assured during the policy tenure?

    Ans: Yes. The sum assured can be increased during the policy tenure by submitting an official letter signed by the policyholder with other supporting documents.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
^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.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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Average Rating
(Based on 26 Reviews)
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ABSLI Wealth Assure Plus Plan Reviews & Ratings

4.5 / 5 (Based on 26 Reviews)
(Showing Newest 10 reviews)
Ahmedabad, October 20, 2016
Superb Plan
Having great experience with my ulip insurance, purchased by birla sun life insurance company. Service is facilitated 24X7 by the executives. Coverage is maximum and claims are high. Online services are really very good and even the renewals are done through online portal of the company.
Bisalpur, August 25, 2016
Quality Investment
After a long search on web, i finally found good ulip insurance policy. I took it for me and my family. Service is unimaginable and always on time. The online portal give easy renewals of the policy and reduces paperwork. The insurance plan cut down my taxes also.
Panipat, August 19, 2016
Best Plan
Policy coverage is approx. 89% and the claims are even better. Service facilitate by the staff members of the company is quick and behaviour is nice. Great work birla sun life insurance and best ulip insurance policy. The online renewal option is very simple to use.
Haridwar, July 18, 2016
Claims Are Good
The birla sun life is the one who facilitate the best plan which is ulip insurance plan. The policy covers maximum expenditures and the investment of the plan is less. Claims are very big and easy to sanctioned due to fast response from company members.
Masaurhi, July 05, 2016
The ulip insurance plan provide's me very nice benefits and service. Policy premiums are low and policy coverage is high ~90%. Service is so good, because of that the claims are easily sanctioned. Online portal service simple to access and anyone can operate it.
Aligarh, June 28, 2016
Fine Insurance Policy
My ulip plan is simple and good insurance policy which has some nice benefits. Premium of the plan is less but the policy coverage is high. Service is so quick provided by the company members. Behaviour of all of them is nice with calm nature. Good investment which has good payback returns.
Dwarka, March 31, 2016
Perfect Policy Plan
I purchase birla sun life ulip policy plan. The policy is great with huge facilities. The policy coverage and the claims are high with low premiums. The service facilitate by executives and staff members are very nice. Daily update are texted or mailed to me. The policy saves taxes too. Great investment plan for future.
Calicut, March 31, 2016
Good Experience
I have less idea about the insurance policies because I never gone through buying insurances, now i purchase birla sun life insurance ulip policy plan the policy is great. Premium for my plan is 21 K thrice per year and at the time of maturity the sum assured might be 34 L. They have daily update so i get numbers of mails from them.
Delhi, March 31, 2016
Poor Service
One of the most convenient insurance policies provider is birla sun life insurance ulip policy plan so my investments will be safe. As far as I seen this company is coming generation to generation. Everybody is been benefited with its benefits. Customer service need to be improved as that is bit slow and never on time. Please improve it.
Navi_mumbai, March 31, 2016
My ulip policy plan is from birla sun life insurance and the policy is the awesome because the policy has many benefits like the accident insurance is inbuilt in this policy. Policy coverage is high approx. 92% and the premiums are low. Claims are 1.25 times of the investment. The service is fast and very quick. Good policy plan.

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