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ABSLI Wealth Smart Plus is a unit-linked, non-participating individual life insurance savings plan from Aditya Birla Sun Life Insurance Company Limited. It combines life insurance protection with investments in market-linked funds. At inception, the policyholder selects either the Smart Life Option or the Whole Life Option, then chooses the premium amount, premium-paying term, policy term, payment mode, investment strategy and fund allocation. The Smart Life Option offers cover up to the policy maturity age, which can be as high as 75 years. The Whole Life Option can provide cover up to age 100, subject to eligibility and the policy contract. The official brochure lists a minimum annual premium of ₹12,000, a minimum semi-annual premium of ₹6,000, a minimum quarterly premium of ₹3,000 and a minimum monthly premium of ₹1,000. The minimum Basic Sum Assured under Smart Life is ₹1.2 lakh for entry ages up to 50 and ₹84,000 for entry ages 51 and above. The Whole Life Option has a stated minimum Basic Sum Assured of ₹1.2 lakh. The permitted premium-paying term and policy term depend on the option and selected payment structure. The insurer offers several investment strategies and 22 funds, covering different risk profiles and investment preferences. The policy page advertises zero premium allocation charges and zero policy administration charges throughout the policy term. These features do not mean the policy is free of every charge: mortality, fund-management and other applicable charges may still affect the fund value. At maturity, the benefit is based on the applicable policy fund value under the selected option. If the life insured dies while the policy is in force, the death benefit is calculated under the option-specific provisions. The policy has a five-year lock-in, so complete or partial withdrawals are not available during the first five policy years. Later partial withdrawals and the Systematic Withdrawal Facility are subject to the contract, eligibility requirements and fund-value conditions. Investment risk is borne by the policyholder, and actual returns can be lower or higher than illustrated.
Choose Smart Life or Whole Life cover, select from multiple investment strategies and funds, and access partial withdrawals after the five-year ULIP lock-in, subject to policy conditions.
Wealth Smart Plus may suit someone who wants investment exposure and life cover in a single long-term policy, can maintain the required premiums and understands that fund values fluctuate with the markets. Its key attractions include the choice between Smart Life and Whole Life cover, multiple investment strategies, a broad fund selection, and the insurer-advertised zero premium allocation and policy administration charges. However, zero charges in those two categories should not be interpreted as zero total policy costs. Mortality and fund-management charges, among other applicable costs, can reduce the investment value. The five-year lock-in also means this is not a suitable place for emergency savings or money that may be needed soon. The maturity benefit is not a fixed guaranteed amount: it depends on investment performance, charges, withdrawals and the policy terms. The insurer illustrates outcomes using assumed return rates, but those rates are neither promised returns nor limits on actual performance. Before buying, compare the current personalized benefit illustration for both options, check the death-benefit calculation, and examine the premium-paying term, investment strategy, charges and discontinuance rules. A buyer primarily seeking a large amount of life protection should also compare the cost of separate term insurance and investments rather than assuming that a ULIP alone will meet every financial goal.
Aditya Birla Sun Life
Key Insights
Founded
2000
Aditya Birla Sun Life was established 26 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
98.9% CSR, calculated as a 3-year average
Aditya Birla Sun Life settles 98.9% of all claims it receives, demonstrating strong credibility.
Contact Details
1800-270-7000
Headquarters: One World Center, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013, Maharashtra, India.
Provides life insurance protection during the selected policy term. The official eligibility table allows entry from 30 days to 60 years and maturity ages from 18 to 75 years.
Premium-paying term and policy term must meet the eligibility table and policy conditions.
Designed for eligible policyholders seeking life cover that can continue up to age 100.
Minimum entry age is 18 years. Maximum entry age depends on the selected premium-paying term.
Premiums are allocated to the chosen investment strategy and linked funds after applicable charges. Fund value changes with the value of the underlying investments.
Investment risk is borne by the policyholder; maturity value and returns are not guaranteed.
The official product page describes five investment strategies and 22 fund choices covering different investment preferences and risk profiles.
Fund availability and the rules of each strategy are governed by the current policy documents.
The insurer advertises zero premium allocation charge and zero policy administration charge throughout the policy term.
Other applicable charges, including mortality and fund-management charges, may still apply.
The insurer states that if the life insured dies due to an accident within 180 days of the accident, 100% of the rider sum assured is paid to the nominee, subject to the rider contract.
UIN 109A024V01. Extra premium and rider-specific exclusions and conditions apply.
The rider can fund future premiums following a covered event, while other policy benefits remain subject to the contract.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
Aditya Birla Sun Life plans and claim process
It is a unit-linked, non-participating individual life insurance savings plan that combines life cover with market-linked investments. The benefits depend on the chosen option, policy terms, fund performance and applicable charges.
The official brochure lists a minimum of ₹12,000 per year for annual payment, ₹6,000 semi-annually, ₹3,000 quarterly and ₹1,000 monthly. The applicable minimum depends on the chosen payment mode and policy conditions.
The official product page and brochure identify ABSLI Wealth Smart Plus as UIN 109L147V02.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official Aditya Birla Sun Life website before purchasing.
Official Website
lifeinsurance.adityabirlacapital.com
Visit the official Aditya Birla Sun Life website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
UIN 109A039V01. Available only if eligibility and rider conditions are met.
Provides additional term-rider protection in the event of death or diagnosis of terminal illness, whichever occurs first, subject to the rider contract.
UIN 109A045V01. Extra premium, eligibility rules and rider exclusions apply.
Smart Life provides cover during the selected policy term, with a stated maximum maturity age of 75 years. Whole Life is designed for eligible policyholders seeking cover up to age 100. Entry-age limits and premium-paying terms differ between the options.
No. This is a ULIP, and investment risk is borne by the policyholder. The insurer’s illustrated return rates are assumptions and do not guarantee the amount payable at maturity.
The official brochure states a minimum Basic Sum Assured of ₹1.2 lakh under Smart Life for entry ages up to 50 and ₹84,000 for entry ages 51 and above. The Whole Life Option has a stated minimum of ₹1.2 lakh.
Yes. The five-year ULIP lock-in prevents complete or partial withdrawals during the first five policy years.
Partial withdrawals may be available after five complete policy years or after the life insured reaches age 18, whichever is later, subject to policy conditions. The insurer specifies a minimum partial withdrawal of ₹5,000 and other fund-value limits.
The official product page describes a Systematic Withdrawal Facility with a choice of 5% or 10% of fund value and several payout frequencies. It is subject to the plan’s conditions and begins only after the required policy years.
No. The insurer advertises zero premium allocation and zero policy administration charges. Other applicable charges, such as mortality and fund-management charges, may still apply and affect fund value.
The insurer describes fund switching and premium redirection under eligible investment strategies. The available options and restrictions depend on the strategy selected and the current policy terms.
The policy is handled under its discontinuance provisions. The available options and resulting benefits depend on the policy year and the terms of the contract. Review the policy wording before stopping premiums.
The official product page lists the Accidental Death Benefit Rider Plus, Waiver of Premium Rider and Suraksha Term Rider Plus. Each has separate eligibility requirements, charges and conditions.