ABSLI Her Growth-ULIP Plan for Women: Review & Charges

According to an Aditya Birla press release, Aditya Birla Sun Life Insurance launched Her Insurance on March 5, 2026, a women-focused insurance proposition that brings together existing ABSLI products under a women-centric offering. Her Growth was introduced as part of this launch, rather than being an entirely new underlying insurance product.

In the next few minutes, this guide walks you through the plan, covering its features, drawbacks, actual returns, and whether it’s the right choice for your financial goals.

What Is the ABSLI Her Growth - ULIP Plan for Women?

ABSLI Her Growth is a Unit-Linked Insurance Plan (ULIP) for women. It is a non-participating individual life insurance savings plan. It is part of ABSLI's women-focused “Her” series and essentially repackages the existing ABSLI Param Suraksha (UIN: 109L149V01) ULIP.

If the life insured dies during the policy term while the policy is active, the nominee receives the applicable death benefit as a lump sum, subject to the policy terms. The nominee receives the highest of three amounts: the fund value on the date of death intimation, the applicable sum assured after eligible recent withdrawals, or 105% of total annualized premiums received, adjusted for eligible withdrawals made during the two years before death. 

If the life insured survives until maturity, the policyholder receives the accumulated fund value as a lump sum, unless a settlement option has been selected.

Key Features of ABSLI Her Growth: Fund Options and Investment Strategies

The ULIP by Aditya Birla Sun Life offers 21 fund options to suit different investment needs and risk preferences. These include equity, debt, and other market-linked funds, allowing policyholders to choose an allocation based on their financial goals and risk appetite.

For example, Liquid Plus focuses on high-quality short-term fixed-income instruments with maturities of up to one year, aiming for lower volatility, liquidity, and capital safety. Income Advantage focuses on high-quality debt instruments to support capital preservation and regular income over a medium-term horizon. For detailed information on each fund, refer to pages 6 to 8 of the official ABSLI Param Suraksha policy brochure. 

Note: ABSLI Her Growth does not have a separate product brochure. The details presented here are based on the original ABSLI Param Suraksha policy documents, which form the underlying product. We have therefore followed the applicable features, charges, benefits, and terms specified in the Param Suraksha documentation.

Investment Strategies

• Systematic Transfer: Gradually moves investments to reduce the need to time market entry and spread investment across market conditions.
• Return Optimiser: Aims to participate in market growth while periodically protecting gains from market volatility.
• Self-Managed: Gives you complete control over fund selection and investment allocation.
• Smart Investment: Automatically adjusts your investment strategy as your age and financial needs change.
• Life Cycle: Maintains an age-based balance between equity and debt, gradually becoming more conservative as you get older.

Note: ULIP charges reduce your maturity value by cutting into the amount invested upfront and gradually reducing your fund value through periodic deductions from your units or adjustments to the fund value over the policy term.

Riders Available With the ABSLI Her Growth Plan

• ABSLI Accidental Death Benefit Rider Plus: If the life insured dies due to an accident within 180 days of the accident, the nominee receives 100% of the rider sum assured. Premiums collected from the accident date until death are also refunded with applicable interest, subject to rider terms.
• ABSLI Waiver of Premium Rider: The insurer pays future premiums if the policyholder becomes completely disabled due to an illness or accident or is diagnosed with a specified critical illness. Other policy benefits continue unchanged. 
• ABSLI Comprehensive Critical Illness Rider: Provides a lump sum payout on diagnosis of a covered critical illness, subject to rider conditions. Silver covers 10 illnesses, Gold 25, and Platinum 64. Silver and Gold pay 100% of the rider sum assured for valid claims, while Platinum has separate payout structures for five minor illnesses and subsequent major illnesses.
• ABSLI Suraksha Term Rider: Provides an additional lump sum benefit if the life insured dies or is diagnosed with a qualifying terminal illness during the rider term, whichever happens first. In case of terminal illness, the rider sum assured is accelerated, subject to the applicable conditions.
• ABSLI Suraksha Term Rider Plus: Provides a lump sum benefit on qualifying death or terminal illness, whichever occurs first. It also includes complimentary health management services, which cover medical consultations, coaching, second opinions, and personal medical case management.

Note: At Ditto, we prioritize Waiver of Premium and Critical Illness riders because they can provide meaningful financial protection when a serious illness or disability affects your ability to earn or continue paying premiums.

Note: The above illustrative figures are based on a 35-year-old female opting for the Self-Managed Investment Option, Maximiser Fund, and annual premium payment mode, sourced from the insurer's official website. 

There is no official ABSLI ULIP calculator for estimating returns.

The 4% and 8% figures are illustrative assumptions, not guaranteed returns. Under the ABSLI illustrations, the approximate Internal Rate of Return (IRR) on the base-policy premium works out to around 5.96% p.a. at an 8% assumed return and 1.80% p.a. at a 4% assumed return. 

These outcomes already account for applicable ULIP charges and eligible charge credits. ABSLI credits 2× eligible premium allocation charges between policy years 10 and 13 and begins crediting 2× eligible mortality charges from policy year 11, with a 10-year lag. These credits do not cover FMCs or policy administration charges and remain subject to the policy continuing as required.

The IRRs for the ABSLI ULIP plan are calculated using only the ₹1 lakh base-policy premium and exclude the rider premium. Therefore, the effective return on the customer's total annual outgo would be lower.

Note: The figures in the table represent the insurer’s overall performance and are not specific to their ULIP products. The data is based on Aditya Birla Sun Life’s public disclosures and IRDAI annual reports. For more data like this, explore the Ditto Data Lab.

Who Should Buy the ABSLI Her Growth ULIP Plan?

You Can Consider Her Growth if You:

• Have Adequate Protection: Already have sufficient health insurance, emergency savings, and separate term life cover.
• Have a Long Horizon: Can stay invested for 15–30 years and do not need early liquidity.
• Want a ULIP: Value market-linked investing, fund switching, and automated investment strategies within an insurance wrapper.
• Understand the Charge Credits: Value the 2× delayed return of eligible charges and understand that these benefits depend on policy continuation.

You Should Avoid It if You:

• Need Money Within Five Years: The lock-in makes it unsuitable for short-term liquidity needs.
• Have Uncertain Income: Avoid committing to premiums you may struggle to maintain.
• Are Attracted by Charge Refunds Alone: “All charges come back” is incomplete because eligible charges are credited later and depend on policy conditions.
• Assume Emergency Liquidity Means Immediate Access: Partial withdrawals are subject to the five-year lock-in and other policy conditions.
• Need Maximum Life Cover: A pure term plan is generally more efficient for substantial life protection. The ideal sum assured should account for factors like inflation and outstanding liabilities. Use the Ditto cover calculator to get a rough estimate of the coverage you may need. 

Note: At Ditto, we believe your life insurance should provide meaningful financial protection worth crores, not merely a few lakhs. That is the core proposition of a pure term insurance plan: substantial life cover at an affordable premium.

Why Choose Ditto for Life Insurance?

At Ditto, we’ve assisted over 12,00,000 customers with choosing the right insurance policy. Why customers like Aaron below love us:

• 100% Free Consultation
• No Spam. No Sales Pressure.
• Rated 4.9/5 on Google Reviews by 30,000+ Happy Customers
• Backed by Zerodha
• Dedicated Claim Support Team
• Compare Plans and Premiums with a Trusted Insurance Advisor

Confused about the right insurance? Speak to Ditto’s certified advisors for free, unbiased guidance. Book your call now or chat with us on WhatsApp. Slots fill up fast!

Conclusion

ABSLI Her Growth ULIP for Women may suit buyers who cannot access a suitable term plan and specifically want insurance and market-linked investments in one product. The primary women-specific differentiation lies in its positioning and packaging, rather than in a fundamentally different ULIP structure.

However, at Ditto, we don't recommend ULIPs because combining insurance and investments in one product can make overall cost, performance, and suitability harder to evaluate.

If you prefer ABSLI for protection, consider ABSLI Her Care, built around ABSLI Super Term Plan. Alternatively, compare the best term insurance plans available in India.