Investment Plans 3470 views April 24, 2020

ABSLI Fortune Elite Plan

Every individual wants to maximize his wealth either through savings or investment. But in case of savings, the value of funds doesn’t increase by itself and, on the other hand, investments lead to great returns. Everyone wants to secure the accumulated wealth for the bright future of their loved ones. Therefore, the only option left that protects you and your family and also provides a return is the investment insurance plan. The ABSLI Fortune Elite Plan is one of the investment insurance plans that give you a handsome return and protects your family from any future uncertainty. You must look at the key features of this plan and increase your wealth.


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Features of Fortune Elite Policy

  1. The plan has multiple policy terms like 10 Years, 20 Years, 25 Years, 30 Years, 35 Years, and 40 Years.
  2. You can opt for any premium tenure from the plan of 5 Years, 10 Years, 15 Years, and 20 Years.
  3. There are 3 options available in the plan that would help you to manage your funds.
  4. Option to Add Top-ups as per your requirements.
  5. You can surrender the policy in case of an emergency and withdraw the funds partially.
  6. Tax Benefits under Section 80C of the Income Tax Act.

Benefits of Fortune Elite Plan

There are some other benefits of this plan that enables you to enhance your wealth and save some more funds for your future and for your family’s future.

Increment of Fund Value

  1. Get an increment in the fund value of 2% of the total premiums paid in the last 60 months after the 10th policy anniversary and 5th policy anniversary thereafter.
  2. Get an increment in the fund value of 0.35% of the average fund value of the policy in the last 12 months after the 11th policy anniversary and on every anniversary thereafter.

Death Benefits

The nominee will get the highest of the following if in case the insured dies before the maturity of the policy:-

  1. Basic Fund Value on the date of death.
  2. Basic Sum Assured at the inception of the plan.

The nominee will get the higher of the two if you have taken a Top-up plan:

  1. Top-up Value of the fund at the time of death.
  2. Sum Assured for the Top-up.

The death benefit will never be less than 105% of the premiums paid until the date of the death.

Maturity Benefits

At the time of maturity, the insured gets the Basic Sum Value and the Top-up value if he has taken any. The maturity amount that was decided at the inception of the policy is given once the policy term expires.

Surrender the Policy

You can surrender the ABSLI Fortune Elite plan anytime in case of an emergency. The company has the right to calculate the amount to be paid on the date when the policy is surrendered.

Add Riders

You can add the following riders into the policy at a very nominal cost of the premium.

  1. ABSLI Accidental Death Benefit Rider Plus.
  2. ABSLI Waiver of Premium Rider.

Various Options Available in the ABSLI Fortune Elite Policy

There are some options available in the policy that would help you manage the funds. You can choose any option before taking the investment insurance plan.

Option 1- Systematic Transfer Option

In the Systematic Transfer Option, the company will invest your premiums into Liquid Plus Funds and then 1/12th of the amount will be invested into investment funds and you have the choice to decide the funds.

Option 2- Return Optimiser Option

In the Return optimizer Option, the company will invest the sum of your premium into maximizer Funds and will keep an eye and monitor the value. Once the value of funds increases by 10% of the net invested amount, the company will transfer the appreciated amount to the Income Advantage Funds. It ensures that your gain is secured and protected from market fluctuations in the ABSLI Fortune Elite Plan.

Option 3- Self-Managed Option

In this option, there are 7 different investment funds in which you can directly invest the premium amount. You can invest your money in 100% Debt or in 100% equity because the choice is yours. The company gives you full control over all the funds. You can also switch from one fund to another as per your needs and market fluctuations.

About ABSLI Fortune Elite Plan

The Term of the Policy10 Years, 20 Years, 25 Years, 30 Years, 35 Years, and 40 Years
Age of Entry30 Days to 55 Years for 5 Pay and up to 65 Years for other paying terms. Subject to maximum maturity age of 75 years.
Premium Paying Term5 Years, 10 Years, 15 Years, and 20 Years
Minimum Basic Premium AmountINR 40000
Minimum Sum AssuredINR 400000
Minimum Top-Up PremiumINR 5000

Benefits of Choosing Aditya Birla Sun Life Insurance

  1. All the Policies are Available Online and you can purchase them at your convenience.
  2. The Premiums of the Aditya Birla Policies are also nominal.
  3. High Rate of Claim Settlement Ratio.
  4. Get tax Deductions and avoid paying extra taxes.
  5. 24×7 Assistance for solving any type of query.

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