ABSLI Wealth Infinia

Overview:

The Aditya Birla Sun Life Insurance Wealth Infinia is a unit-linked non-participating individual life insurance savings plan that offers a combination of investment growth and life coverage. With its flexible features and investment options, it is designed to help you build wealth while providing risk protection according to your personal needs.

Key Features:

• Plan Variants: Choose between two plan variants:
  • Milestone Variant: Coverage until age 85.
  • Legacy Variant: Coverage until age 100.
• Investment Flexibility: Access to 16 fund options and 5 investment strategies to tailor your investments.
• Wealth Boosters: Additional units allocated periodically to enhance your Fund Value.
• Loyalty Additions: Additional units added to your fund value periodically.
• Return of Charges: Mortality and Premium Allocation Charges are returned at maturity to boost your Fund Value.
• Systematic Withdrawal Facility: Allows regular withdrawals from your Fund Value to meet recurring monetary needs.

Investment Options:

1. Systematic Transfer Investment Option
2. Return Optimiser Investment Option
3. Smart Investment Option
4. Life Cycle Investment Option
5. Self-Managed Investment Option

Benefits:

1. Death Benefits: In the event of death during the policy term:
   • Higher of:
     • Fund Value as of the date of death, or
     • Sum Assured (adjusted for partial withdrawals in the two years before death), or
     • 105% of Total Premiums received (adjusted for partial withdrawals in the two years before death).
2. Maturity Benefits: At maturity, receive the Fund Value as of the maturity date, and the policy will terminate.
3. Wealth Boosters: Additional units allocated to your fund starting from the end of the 10th policy year and every 5 years thereafter.
4. Loyalty Additions: Additional units added from the end of the 11th policy year, calculated as a percentage of Fund Value.
5. Return of Charges: At the end of the policy term, mortality and premium allocation charges are added back to enhance the Fund Value.

Riders:

1. ABSLI Accidental Death Benefit Rider: Provides extra protection in case of accidental death at a nominal cost.
2. ABSLI Waiver of Premium Rider: Waives future premiums in case of permanent disability, death, or specified major illnesses.

Eligibility Criteria:

• Plan Variants:
  • Legacy Variant: Coverage until age 100.
  • Milestone Variant: Coverage until age 85.
• Entry Age: Minimum and maximum entry age depend on the premium payment term and plan variant.
• Premium Amounts:
  • Minimum Single Premium: Rs. 5,00,000.
  • Minimum Limited/Regular Premium: Rs. 2,00,000.
• Premium Payment Term (PPT):
  • Single Pay: Available.
  • Limited Pay: 5 to 20 years for Legacy; 5 to 12 years for Milestone.
  • Regular Pay: 10 to 30 years for Legacy; 10 to 30 years for Milestone.
• Policy Term:
  • Legacy Variant: Minimum 10 years; Maximum 100 years minus entry age.
  • Milestone Variant: Minimum 10 years; Maximum 30 years.

How ABSLI Wealth Infinia Works:

Use Case: Mr. Sharma, aged 35, opts for the ABSLI Wealth Infinia (Milestone Variant) with an annual premium of Rs. 2,00,000, a Premium Payment Term of 10 years, and a Policy Term of 20 years. He selects the Self-Managed Investment Option and the Maximizer Fund. Upon completing the policy term, he benefits from Wealth Boosters, Loyalty Additions, and the return of mortality and premium allocation charges, boosting his final fund value.

Brochure and Enquiries: For more details and to see how ABSLI Wealth Infinia can meet your financial goals, download the brochure, or get in touch to enquire about the plan.