Best Investment Plans
  • Guaranteed Tax Savings

    Under sec 80C & 10(10D)
  • Life Cover

    10 times of Annual Premium
  • Zero LTCG Tax

    Unlike 10% in Mutual Funds

*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

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. The ABSLI Wealth Assure Plus plan can be customized according to the needs of the insured. Along with the benefits of this MNC fund in his portfolio, the policyholder can get up to 2.4 times as guaranteed returns. 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:



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 policy terms of 20, 25, 30, or 35 years)

Premium Paying Mode

Quarterly, Monthly, Semiannually, and Annually

Entry Age

Min: Classic option: 30 days

         Assured option: 18 years

 *Policy term 15 years not available below 3 years age      

Max: Classic Option: 55 years

          Assured Option: 50 years

Maturity Age

Min: Classic option: 18 years

         Assured option: 33 years

Max: 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.


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:

  • 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.

  • 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
  • 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.
  • 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.
  • 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.   
  • 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.

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.

The basic premiums for this policy are divided into bands as follows:

  • Band 1: Rs. 24,000 to Rs.99,999
  • Band 2: Rs. 1,00,000 +

*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:

  • 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.  
  • 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

Entry Age: 

  • Classic option
    • Minimum 30 days
    • Maximum is 55 years
  • Assured option
    • Minimum of 18 years
    • Maximum 50 years

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
  • 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 


Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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 25 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.
Chennai, March 31, 2016
Birla sun life ulip policy plan is good and the policy coverage is 91% with low premiums. The policy claims are simple to sanctioned with good interest. Services provided by executives and the staff members are good and on time. There is an inbuilt Accidental Death Benefit feature. The policy is fully satisfactory.
Jammu, March 31, 2016
From birla sun life insurance i have taken a ulip policy plan for the tenure of 41 years in which we get lumps um amount after the maturity of the policy plan. Policy coverage is 88% of investment. Accident and natural death is inbuilt secure in this policy. Service is fast and on time which is facilitate from staff members.
Haldwani, March 31, 2016
Birla sun life insurance ulip policy plans is the fantastic policy. They provides low premiums, the policy coverage is high around 92% and the claims are easily sanctioned. The services are really fast and the staff members are responding with good behaviour. There is an inbuilt accidental death benefit feature. I like the policy plan.
Ahmedabad, March 31, 2016
slow service
My ulip plan is nice but the only thing is the service is slow rather than this the policy plan is good. Like, policy coverage and claims are high but the investments are low. The behaviour of the executives and staff members is nice. Please improve your services and web services too.
Mumbai, March 31, 2016
The birla sun life insurance provide me good policy coverage ~92% with low premiums. I have ulip policy plan i have which have good benefits and the claims are sum assure amount that i invested. The investment is 41 K per year with extra benefit that is it includes the inbuilt accidental death benefit. Good policy plan.
Zahirabad, March 31, 2016
The policy coverage is 92%, The claims are high and the claiming is easy because of the executives and the staff members service they provide. The benefits provided by you guys birla sun life ulip policy plans is fantastic. The premiums are less ~34 K and the returns are high ~Rs.21 L.
Nagpur, March 31, 2016
Perfect Plan
I purchase ulip policy plan from birla sun life insurance. The policy coverage is high around 89% and the claims are huge. The policy premiums are low ~31 K and the recovery returning amount is 19 L. Services are good and on time too. Executives are doing there jobs very nicely. And the web services are also fantastic.
Siliguri, March 31, 2016
Nice ULIP Policy
I have ulip policy plan with birla sun life insurance. Plan is good and the benefits are better. Premium is low and payback are high. Claims and policy coverage is really awesome with good interest. The service is very quick and on time till now. And the behaviour of the executives and staff members are very nice.
Palwal, March 31, 2016
Super Plan
My ulip policy plan is one of the best plan ever. Thank you, birla sun life insurance, the premiums are less and policy coverage is high approx. 83%. Service you provided is super, that's why the claiming procedure get so simple and easy. Great work guys.
Kota, March 31, 2016
Fine Policy
I found fine policy plan at last from web services. Birla sun life insurance ulip policy plan i purchase which has low premiums and the the policy coverage is high 87%. Service is good with claiming amount at high interest. The staff facilitate good treatment and solve almost all the problems.
Manesar, March 31, 2016
Good Service
I have ulip policy plan from birla sun life insurance. The plan works for me from last 2 years. Policy coverage is great i.e., 93% with claiming amount of Rs.19 L of you sum assured payment. Service provided by you is fast with great behaviour of executives of the company.
Kherwara, March 31, 2016
I own birla sun life insurance ulip policy plan. The policy plan is good with low investments. Policy coverage is 87% and premium is Forty thousand (quarterly) per year till policy end. Claims are high. Service you facilitate is really good with fast interface. I like the plan.
Lonavla, March 31, 2016
I have birla sun life insurance ulip policy plan. The policy i have is an average one which has low premiums but the paybacks returns are good. The policy coverage 73% and claims is nice. The services provided is bit slow but the behaviour of the staff members and executives are really very nice.
Greater_noida, March 31, 2016
Better Policy
I buy ULIP insurance policy plan with birla sun life insurance and the policy provides better service then others. The large team are working with the company for good performance and provides great outcomes with good care. The policy coverage and claims are high as compared to premium which is low.
Kalyan, March 31, 2016
Nice Policy
I got ULIP policy plan with birla sun life insurance. The policy is good with some fine terms and conditions. Policy coverage is 79%. The Claims are about Rs.25 L which can be easily done with the help of executives. This is best services provided. I must say great work guys.
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