what more would you wait for, to protect your whole life? · to 25 different nationalities. the...
TRANSCRIPT
Regd. Office: One India Bulls Centre, Tower 1, 15th & 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Reg. No. 109
ADV/07/09-10/3415 VER 12/SEPT/2009 Unique No.:
109L018V02
What more would you wait for, to protect your whole life?
Call Toll-free: 1-800-270-7000 www.birlasunlife.com sms ‘CLASSIC’ to 56161
ClassicLife Premier Plan
Birla Sun Life Insurance
Provides good returns and greater whole life protection at minimal charges
120
In this policy, the investment risk in investment portfolio is borne by
the policyholder.
For the select few like you, settling for anything short of the best is an unthinkable
compromise. We, at Birla Sun Life Insurance, understand you and hence have created
a plan that keeps pace with your ever growing success. ClassicLife Premier is a plan
that not only helps you save for the future but also lets you reap rich benefits from the
investments of your choice especially at a time when your need for family protection
reduces significantly. We realize that when you look at a life insurance policy, you look
for something that will act as a protector as well as an enhancer. The unit linked,
investment-oriented insurance plan is as flexible as life and will help you strike the
right proportion between protection and savings during your life yet last you a lifetime.
Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya
Birla Group, a well known Indian conglomerates and Sun Life Financial Inc, leading
international financial services organization from Canada. With an experience of over 9
years, BSLI has contributed significantly to the growth and development of the Indian
Life Insurance industry and currently ranks amongst the top 5 private life insurance
companies in the country. Enjoying trust of its over 2 Million customers, BSLI is known
for innovation. It was the first Indian Insurance Company to introduce “Free Look
Period” and Benefit illustrations, which were subsequently made mandatory by IRDA
for the industry. BSLI offers a complete range of pension, health and life insurance
products and has an extensive reach in over 1500 markets through its network of
600 branches and 1,64,423 empanelled advisors. This is well supported by the sound
financial that the Company has. The AUM of Birla Sun Life Insurance surpassed
Rs. 9,168 crs and it has a robust capital base of over Rs. 1,999.5 crs as on March 31,
2009. For more information, please visit www.birlasunlife.com
ABOUT BIRLA SUN LIFE INSURANCE?
2
ABOUT ADITYA BIRLA GROUP
ABOUT SUN LIFE FINANCIAL INC.
HOW DOES THE CLASSICLIFE PREMIER ENSURE ME
SUPERIOR BENEFITS?
WHAT ARE THE OPTIONS AVAILABLE IN THE PRODUCT?
Entry Age
A US $28 billion corporation, the Aditya Birla Group is in the league of Fortune 500
worldwide. It is anchored by an extraordinary force of 100,000 employees, belonging
to 25 different nationalities. The group operates in 25 countries across six continents –
truly India's first multinational corporation.
Aditya Birla Group through Aditya Birla Financial Services Group (ABFSG), has a
strong presence across various financial services verticals that include life insurance,
fund management, distribution & wealth management, security based lending,
insurance broking, private equity and retail broking. In FY 2008-09, the consolidated
revenues of ABFSG from these businesses crossed Rs. 4763 crs, registering a growth
rate of 36%. For more information please visit www.adityabirla.com
Sun Life Financial is a leading international financial services organization providing a
diverse range of protection and wealth accumulation products and services to
individuals and corporate customers. Chartered in 1865, Sun Life Financial and its
partners today have operations in key markets worldwide, including Canada, the
United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan,
Indonesia, India, China and Bermuda. As of March 31, 2009, the Sun Life Financial
group of companies had total assets under management of $375 billion.
For more information please visit www.sunlife.com
•
•
•
•
•
•
•
The plan is a unit linked non participating savings plan
You have the choice of ten Investment Fund Options with the flexibility to allocate
the premiums in varying proportions into the different Fund Options of your choice
or even switch* from one or more Investment Fund(s) to other Investment Fund(s)
You can Top Up your Fund Value whenever you have additional savings. The
minimum amount of Top Ups will be Rs. 10,000
The plan offers you further benefits in the form of additional units, which will be thadded to the Fund Value at the end of the 10 policy year and at the end of every
5th year thereafter
There is high liquidity in the form of Partial Withdrawals and surrender benefits
Death benefits, which will be higher of the Fund Value or Sum Assured, reduced
by the applicable partial withdrawals (refer section on death benefits given later in
the brochure)
Minimum Entry Age:
30 days for 20 and 30 term, 8 years for the 10 term and 30 years for Whole Life
Maximum Entry Age:
For 10 years term - 60years
3
In this policy, the investment risk in investment portfolio is borne by
the policyholder.
For the select few like you, settling for anything short of the best is an unthinkable
compromise. We, at Birla Sun Life Insurance, understand you and hence have created
a plan that keeps pace with your ever growing success. ClassicLife Premier is a plan
that not only helps you save for the future but also lets you reap rich benefits from the
investments of your choice especially at a time when your need for family protection
reduces significantly. We realize that when you look at a life insurance policy, you look
for something that will act as a protector as well as an enhancer. The unit linked,
investment-oriented insurance plan is as flexible as life and will help you strike the
right proportion between protection and savings during your life yet last you a lifetime.
Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya
Birla Group, a well known Indian conglomerates and Sun Life Financial Inc, leading
international financial services organization from Canada. With an experience of over 9
years, BSLI has contributed significantly to the growth and development of the Indian
Life Insurance industry and currently ranks amongst the top 5 private life insurance
companies in the country. Enjoying trust of its over 2 Million customers, BSLI is known
for innovation. It was the first Indian Insurance Company to introduce “Free Look
Period” and Benefit illustrations, which were subsequently made mandatory by IRDA
for the industry. BSLI offers a complete range of pension, health and life insurance
products and has an extensive reach in over 1500 markets through its network of
600 branches and 1,64,423 empanelled advisors. This is well supported by the sound
financial that the Company has. The AUM of Birla Sun Life Insurance surpassed
Rs. 9,168 crs and it has a robust capital base of over Rs. 1,999.5 crs as on March 31,
2009. For more information, please visit www.birlasunlife.com
ABOUT BIRLA SUN LIFE INSURANCE?
2
ABOUT ADITYA BIRLA GROUP
ABOUT SUN LIFE FINANCIAL INC.
HOW DOES THE CLASSICLIFE PREMIER ENSURE ME
SUPERIOR BENEFITS?
WHAT ARE THE OPTIONS AVAILABLE IN THE PRODUCT?
Entry Age
A US $28 billion corporation, the Aditya Birla Group is in the league of Fortune 500
worldwide. It is anchored by an extraordinary force of 100,000 employees, belonging
to 25 different nationalities. The group operates in 25 countries across six continents –
truly India's first multinational corporation.
Aditya Birla Group through Aditya Birla Financial Services Group (ABFSG), has a
strong presence across various financial services verticals that include life insurance,
fund management, distribution & wealth management, security based lending,
insurance broking, private equity and retail broking. In FY 2008-09, the consolidated
revenues of ABFSG from these businesses crossed Rs. 4763 crs, registering a growth
rate of 36%. For more information please visit www.adityabirla.com
Sun Life Financial is a leading international financial services organization providing a
diverse range of protection and wealth accumulation products and services to
individuals and corporate customers. Chartered in 1865, Sun Life Financial and its
partners today have operations in key markets worldwide, including Canada, the
United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan,
Indonesia, India, China and Bermuda. As of March 31, 2009, the Sun Life Financial
group of companies had total assets under management of $375 billion.
For more information please visit www.sunlife.com
•
•
•
•
•
•
•
The plan is a unit linked non participating savings plan
You have the choice of ten Investment Fund Options with the flexibility to allocate
the premiums in varying proportions into the different Fund Options of your choice
or even switch* from one or more Investment Fund(s) to other Investment Fund(s)
You can Top Up your Fund Value whenever you have additional savings. The
minimum amount of Top Ups will be Rs. 10,000
The plan offers you further benefits in the form of additional units, which will be thadded to the Fund Value at the end of the 10 policy year and at the end of every
5th year thereafter
There is high liquidity in the form of Partial Withdrawals and surrender benefits
Death benefits, which will be higher of the Fund Value or Sum Assured, reduced
by the applicable partial withdrawals (refer section on death benefits given later in
the brochure)
Minimum Entry Age:
30 days for 20 and 30 term, 8 years for the 10 term and 30 years for Whole Life
Maximum Entry Age:
For 10 years term - 60years
3
4
For 30years term - 40years
For Whole Life - 60years
You have the option of taking the plan for 10 years, 20 years, 30 years or Whole Life.
Minimum Duration: 10 years
Maximum Duration: 70 years
(Please note that Whole Life is assumed to be 100 years)
70 years for the terms - 10, 20, 30 years
100 years for Whole Life
Rs. 2,00,000
The premium is payable for the payment term that you opt for. You have the following
option to choose from:
For 10 years term: 3 years, 5 years or regular Coverage Paying Period.
For 20 years, 30 years term and Whole Life: 5 years, 10 years or regular Coverage
Paying Period.
The premium amount is entirely flexible subject to a minimum annual premium amount
of Rs. 25,000 and minimum Sum Assured of Rs. 2,00,000.There is no limit for
the maximum premium amount. To give you an idea of the flexibility in the premium
payment, the plan allows you to:
You can pay additional amounts over and above the regular premium amount
from inception whenever you have additional savings. These amounts, which
you deposit, get added to your Fund Value so that you do not have to look for
other investment opportunities for your money. The minimum amount of Top Up
Premium will be Rs. 10,000. The maximum amount of Top Up in a policy year can
not exceed one annualised premium or Rs.5,00,000 whichever is lower.
If the amount of Top Up Premiums paid exceeds 25 percent of the annualised
premiums paid till date it will result in a proportionate increase in the Sum Assured
subject to then prevailing underwriting and administrative rules. The amount of
additional Sum Assured will amount to 125% of the excess Top Up Premium.
You have the option of paying the premiums on a monthly (through ECS only),
quarterly, semiannual and annual basis. (Please note that the minimum annual
premium should be Rs. 25000/- for any mode of premium payment).
You have an option to pay your premiums through Cash, Cheque, Credit Card,
Salary Deduction, ECS, Direct Debit.
•
•
•
•
•
•
•
Duration of the product
Maturity age:
Minimum Sum Assured:
Premium Payment Term
WHAT ARE THE PREMIUMS THAT I NEED TO PAY AND THE
VARIOUS PAYMENT OPTIONS?
Premium Amount
Pay Top Up Premiums whenever you have additional savings
Pay your premiums at your convenience
Choose the mode for paying your premiums
5
4
For 30years term - 40years
For Whole Life - 60years
You have the option of taking the plan for 10 years, 20 years, 30 years or Whole Life.
Minimum Duration: 10 years
Maximum Duration: 70 years
(Please note that Whole Life is assumed to be 100 years)
70 years for the terms - 10, 20, 30 years
100 years for Whole Life
Rs. 2,00,000
The premium is payable for the payment term that you opt for. You have the following
option to choose from:
For 10 years term: 3 years, 5 years or regular Coverage Paying Period.
For 20 years, 30 years term and Whole Life: 5 years, 10 years or regular Coverage
Paying Period.
The premium amount is entirely flexible subject to a minimum annual premium amount
of Rs. 25,000 and minimum Sum Assured of Rs. 2,00,000.There is no limit for
the maximum premium amount. To give you an idea of the flexibility in the premium
payment, the plan allows you to:
You can pay additional amounts over and above the regular premium amount
from inception whenever you have additional savings. These amounts, which
you deposit, get added to your Fund Value so that you do not have to look for
other investment opportunities for your money. The minimum amount of Top Up
Premium will be Rs. 10,000. The maximum amount of Top Up in a policy year can
not exceed one annualised premium or Rs.5,00,000 whichever is lower.
If the amount of Top Up Premiums paid exceeds 25 percent of the annualised
premiums paid till date it will result in a proportionate increase in the Sum Assured
subject to then prevailing underwriting and administrative rules. The amount of
additional Sum Assured will amount to 125% of the excess Top Up Premium.
You have the option of paying the premiums on a monthly (through ECS only),
quarterly, semiannual and annual basis. (Please note that the minimum annual
premium should be Rs. 25000/- for any mode of premium payment).
You have an option to pay your premiums through Cash, Cheque, Credit Card,
Salary Deduction, ECS, Direct Debit.
•
•
•
•
•
•
•
Duration of the product
Maturity age:
Minimum Sum Assured:
Premium Payment Term
WHAT ARE THE PREMIUMS THAT I NEED TO PAY AND THE
VARIOUS PAYMENT OPTIONS?
Premium Amount
Pay Top Up Premiums whenever you have additional savings
Pay your premiums at your convenience
Choose the mode for paying your premiums
5
6
HOW MUCH LIFE INSURANCE COVER IS AVAILABLE IN THE PLAN?
Sum Assured
CHOICE OF INVESTMENT FUND OPTIONS
•
The Sum Assured can be any multiple of your choice of the annualized premium
amount that you choose to pay subject to a minimum multiple of 5 times and
the minimum Sum Assured of Rs. 2,00,000. The minimum Sum Assured will
be as per the formula 0.5 * Benefit Term * annualized premium subject to the
following multiples:
Term Minimum Multiple of Annual Premium
@10 years 5 times annual premium
20 years 10 times annual premium
30 years 15 times annual premium
Whole Life 30 - 39 years 20
40 - 49 years 15
50 - 54 years 10
55 - 60 years 8
@ However, the minimum Sum Assured for 10 years term will be five times the annual premium or
Rs. 2,00,000 whichever is higher. The maximum multiple is dependent on your age and Coverage
Paying Period chosen by you.
You can choose from ten Investment Fund Options to match your risk profile and
help you earn efficient returns on your funds.
If you wish to diversify your risk, you can choose to allocate your premium in varying
proportions amongst the available Investment Fund Options.
7
You can switch* between the Investment Fund Options or change the Premium @Allocation Percentage into the various Investment Fund Options anytime during the
tenure of the policy.
The portfolio of the different Investment Fund Options is given below:
* In each Investment Fund Option, the Money Market & Cash asset allocation will not exceed 40%.
Money Market Instruments are debt instruments of less than one year maturity. It includes mutual
funds, collateralised borrowing & lending obligation, certificate of deposits, commercial papers etc.
Investment in Money Market Instrument supports for better liquidity management.
You can select the Investment Fund Options based on your risk preference and switch
between the Investment Funds based on market performance. See the risk profile of
each Asset Class at the end of the brochure.
Objective: To provide capital preservation and regular income, at a high level of safety
over a medium term horizon by investing in high quality debt instruments.
Strategy: To actively manage the fund by building a portfolio of fixed income
instruments with medium term duration. The fund will invest in government securities,
high rated corporate bonds, high quality money market instruments and other fixed
income securities. The quality of the assets purchased would aim to minimize the
credit risk and liquidity risk of the portfolio. The fund will maintain reasonable level
of liquidity.
Investment Risk Asset Allocation* Min. Max.
Fund Option Profile
Income Very Low Debt Instruments, Money Market & Cash 100% 100%
Advantage Equities & Equity Related Securities 0% 0%
Assure Very Low Debt Instruments, Money Market & Cash 100% 100%
Equities & Equity Related Securities 0% 0%
Protector Low Debt Instruments, Money Market & Cash 90% 100%
Equities & Equity Related Securities 0% 10%
Builder Low Debt Instruments, Money Market & Cash 80% 90%
Equities & Equity Related Securities 10% 20%
Enhancer Medium Debt Instruments, Money Market & Cash 65% 80%
Equities & Equity Related Securities 20% 35%
Creator Medium Debt Instruments, Money Market & Cash 50% 70%
Equities & Equity Related Securities 30% 50%
Magnifier High Debt Instruments, Money Market & Cash 10% 50%
Equities & Equity Related Securities 50% 90%
Maximiser High Debt Instruments, Money Market & Cash 0% 20%
Equities & Equity Related Securities 80% 100%
Super 20 High Debt Instruments, Money Market & Cash 0% 20%
Equities & Equity Related Securities 80% 100%
Multiplier High Debt Instruments, Money Market & Cash 0% 20%
Equities & Equity Related Securities 80% 100%
Income Advantage
6
HOW MUCH LIFE INSURANCE COVER IS AVAILABLE IN THE PLAN?
Sum Assured
CHOICE OF INVESTMENT FUND OPTIONS
•
The Sum Assured can be any multiple of your choice of the annualized premium
amount that you choose to pay subject to a minimum multiple of 5 times and
the minimum Sum Assured of Rs. 2,00,000. The minimum Sum Assured will
be as per the formula 0.5 * Benefit Term * annualized premium subject to the
following multiples:
Term Minimum Multiple of Annual Premium
@10 years 5 times annual premium
20 years 10 times annual premium
30 years 15 times annual premium
Whole Life 30 - 39 years 20
40 - 49 years 15
50 - 54 years 10
55 - 60 years 8
@ However, the minimum Sum Assured for 10 years term will be five times the annual premium or
Rs. 2,00,000 whichever is higher. The maximum multiple is dependent on your age and Coverage
Paying Period chosen by you.
You can choose from ten Investment Fund Options to match your risk profile and
help you earn efficient returns on your funds.
If you wish to diversify your risk, you can choose to allocate your premium in varying
proportions amongst the available Investment Fund Options.
7
You can switch* between the Investment Fund Options or change the Premium @Allocation Percentage into the various Investment Fund Options anytime during the
tenure of the policy.
The portfolio of the different Investment Fund Options is given below:
* In each Investment Fund Option, the Money Market & Cash asset allocation will not exceed 40%.
Money Market Instruments are debt instruments of less than one year maturity. It includes mutual
funds, collateralised borrowing & lending obligation, certificate of deposits, commercial papers etc.
Investment in Money Market Instrument supports for better liquidity management.
You can select the Investment Fund Options based on your risk preference and switch
between the Investment Funds based on market performance. See the risk profile of
each Asset Class at the end of the brochure.
Objective: To provide capital preservation and regular income, at a high level of safety
over a medium term horizon by investing in high quality debt instruments.
Strategy: To actively manage the fund by building a portfolio of fixed income
instruments with medium term duration. The fund will invest in government securities,
high rated corporate bonds, high quality money market instruments and other fixed
income securities. The quality of the assets purchased would aim to minimize the
credit risk and liquidity risk of the portfolio. The fund will maintain reasonable level
of liquidity.
Investment Risk Asset Allocation* Min. Max.
Fund Option Profile
Income Very Low Debt Instruments, Money Market & Cash 100% 100%
Advantage Equities & Equity Related Securities 0% 0%
Assure Very Low Debt Instruments, Money Market & Cash 100% 100%
Equities & Equity Related Securities 0% 0%
Protector Low Debt Instruments, Money Market & Cash 90% 100%
Equities & Equity Related Securities 0% 10%
Builder Low Debt Instruments, Money Market & Cash 80% 90%
Equities & Equity Related Securities 10% 20%
Enhancer Medium Debt Instruments, Money Market & Cash 65% 80%
Equities & Equity Related Securities 20% 35%
Creator Medium Debt Instruments, Money Market & Cash 50% 70%
Equities & Equity Related Securities 30% 50%
Magnifier High Debt Instruments, Money Market & Cash 10% 50%
Equities & Equity Related Securities 50% 90%
Maximiser High Debt Instruments, Money Market & Cash 0% 20%
Equities & Equity Related Securities 80% 100%
Super 20 High Debt Instruments, Money Market & Cash 0% 20%
Equities & Equity Related Securities 80% 100%
Multiplier High Debt Instruments, Money Market & Cash 0% 20%
Equities & Equity Related Securities 80% 100%
Income Advantage
Assure
Protector
Builder
Enhancer
Creator
Magnifier
Objective: The primary objective of this Investment Fund Option is to provide capital
conservation, at a high level of safety and liquidity through judicious investments in
high quality short-term debt.
Strategy: Generate better return with low level of risk through investment into fixed
interest securities having short-term maturity profile.
Objective: The objective of this Investment Fund Option is to generate consistent
return through active management of fixed income portfolio and focus on creating
long-term equity portfolio, which will enhance yield of composite portfolio with
minimum risk appetite.
Strategy: To invest in fixed income securities with marginal exposure to equity up to
10% at low level of risk. This product is suitable for those who want to preserve their
capital and earn steady return on investment through higher exposure to debt securities.
Objective: This Investment Fund Option helps build your capital and generate better
returns at moderate level of risk, over a medium or long-term period through a balance
of investment in equity and debt.
Strategy: Generate better return with moderate level of risk through active management
of fixed income portfolio and focus on creating long term equity portfolio which will
enhance yield of composite portfolio with low level of risk appetite.
Objective: This Investment Fund Option helps you grow your capital through
enhanced returns over a medium to long term period through investments in equity
and debt instruments, thereby providing a good balance between risk and return.
This Investment Fund Option is suitable for those who want to earn higher return on
investment through balanced exposure to equity and debt securities.
Strategy: To earn capital appreciation by maintaining diversified equity portfolio and
seek to earn regular return on fixed income portfolio by active management resulting
in wealth creation for policyholders.
Objective: The objective of this Investment Fund Option is to achieve optimum
balance between growth and stability to provide long-term capital appreciation with
balanced level of risk by investing in fixed income securities and high quality equity
security. This Investment Fund Option is for those who are willing to take average to
high level of risk to earn attractive returns over a long period of time.
Strategy: The strategy is to invest into fixed income securities & maintaining diversified
equity portfolio along with active Fund management policyholder's wealth in long run.
Objective: The objective of this Investment Fund Option is to maximize wealth by
managing diversified portfolio.
8 9
Assure
Protector
Builder
Enhancer
Creator
Magnifier
Objective: The primary objective of this Investment Fund Option is to provide capital
conservation, at a high level of safety and liquidity through judicious investments in
high quality short-term debt.
Strategy: Generate better return with low level of risk through investment into fixed
interest securities having short-term maturity profile.
Objective: The objective of this Investment Fund Option is to generate consistent
return through active management of fixed income portfolio and focus on creating
long-term equity portfolio, which will enhance yield of composite portfolio with
minimum risk appetite.
Strategy: To invest in fixed income securities with marginal exposure to equity up to
10% at low level of risk. This product is suitable for those who want to preserve their
capital and earn steady return on investment through higher exposure to debt securities.
Objective: This Investment Fund Option helps build your capital and generate better
returns at moderate level of risk, over a medium or long-term period through a balance
of investment in equity and debt.
Strategy: Generate better return with moderate level of risk through active management
of fixed income portfolio and focus on creating long term equity portfolio which will
enhance yield of composite portfolio with low level of risk appetite.
Objective: This Investment Fund Option helps you grow your capital through
enhanced returns over a medium to long term period through investments in equity
and debt instruments, thereby providing a good balance between risk and return.
This Investment Fund Option is suitable for those who want to earn higher return on
investment through balanced exposure to equity and debt securities.
Strategy: To earn capital appreciation by maintaining diversified equity portfolio and
seek to earn regular return on fixed income portfolio by active management resulting
in wealth creation for policyholders.
Objective: The objective of this Investment Fund Option is to achieve optimum
balance between growth and stability to provide long-term capital appreciation with
balanced level of risk by investing in fixed income securities and high quality equity
security. This Investment Fund Option is for those who are willing to take average to
high level of risk to earn attractive returns over a long period of time.
Strategy: The strategy is to invest into fixed income securities & maintaining diversified
equity portfolio along with active Fund management policyholder's wealth in long run.
Objective: The objective of this Investment Fund Option is to maximize wealth by
managing diversified portfolio.
8 9
11
policy is in effect. The Guaranteed Addition will be 2% of your average Fund Value in
the last 60 months. Your average Fund Value in the last 60 months is equal to the sum
of your Fund Value on the monthly date, after monthly deductions, in the 60 policy
months immediately preceding the Guaranteed Addition calculation, all divided by 60.
Partial Withdrawals can be made after three Policy Years or when the Life Insured
attains maturity (i.e. on or after attainment of age 18) whichever is later.
The minimum Partial Withdrawal amount is Rs.10,000.
The maximum Partial Withdrawal amount in a Policy Year is any amount subject to the
Policy having a balance Fund Value of Rs. 25,000 plus Surrender Charges applicable
in the year of Partial Withdrawal and one Annual Policy Premium or Top Up Premiums,
if any, made in the last three years whichever is higher.
The plan also offers you the flexibility of surrendering your policy if the need arises.
There will be no Surrender Charge on policies surrendered after six completed policy
years, which means that the entire Fund Value is payable to you in case you surrender
the policy anytime after six policy years till maturity.
However, if the Policy is surrendered within three years from inception, then the
Surrender Value will be paid to you after the completion of the third Policy Anniversary.
#Partial Withdrawal Option
Surrender Benefit
10
Strategy: The strategy is to invest in high quality equity security to provide long-term
capital appreciation with high level of risk. This Investment Fund Option is suitable
for those who want to have wealth maximization over long-term period with equity
market dynamics.
Objective: To provide long term capital appreciation by actively managing a well-
diversified equity portfolio of fundamentally strong blue chip companies. Further, the
fund seeks to provide a cushion against the sudden volatility in the equities through
some investments in short-term money market instruments.
Strategy: To build and actively manage a well-diversifi.ed equity portfolio of value
and growth driven stocks by following a research focused investment approach.
While appreciating the high risk associated with equities, the fund would attempt
to maximize the risk-return pay off for the long-term advantage of the policyholders.
The fund will also explore the option of having exposure to quality mid cap stocks.
The non-equity portion of the fund will be invested in good rated (P1/A1 & above)
money market instruments and fixed deposits. The fund will also maintain a reasonable
level of liquidity.
Objective: To generate long-term capital appreciation for policyholders by making
investments in fundamentally strong and liquid large cap companies.
Strategy: To build and actively manage an equity portfolio of 20 fundamentally strong
large cap stocks in terms of market capitalization by following an in-depth research-
focused investment approach. The fund will attempt to adequately diversify across
sectors. The fund will invest in companies having financial strength, robust, efficient &
visionary management, enjoying competitive advantage along with good growth
prospects & adequate market liquidity. The fund will adopt a disciplined yet flexible
long-term approach towards investing with a focus on generating long-term capital
appreciation. The non-equity portion of the fund will be invested in high rated money
market instruments and fixed deposits. The fund will also maintain reasonable level of
liquidity.
Objective: To provide long-term wealth maximization by actively managing a well-
diversified equity portfolio, predominantly comprising of companies whose market
capitalization is close to Rs. 1000 crores and above.
Strategy: To build and actively manage a well-diversified equity portfolio of value
& growth driven stocks by following a research driven investment approach. The
investments would be predominantly made in mid cap stocks, with an option to invest
30% in large cap stocks as well. While appreciating the high risk associated with
equities, the fund would attempt to maximize the risk-return pay-off for the long-term
advantage of the policyholders. The fund will also maintain reasonable level of liquidity.
Guaranteed Additions in the form of additional units will be added to the Fund Value th thon the 10 policy anniversary and on every 5 policy anniversary thereafter while your
Maximiser
Super 20
Multiplier
CAN YOU BRIEFLY DESCRIBE THE KEY BENEFITS OF THE PLAN?
Guaranteed Additions
11
policy is in effect. The Guaranteed Addition will be 2% of your average Fund Value in
the last 60 months. Your average Fund Value in the last 60 months is equal to the sum
of your Fund Value on the monthly date, after monthly deductions, in the 60 policy
months immediately preceding the Guaranteed Addition calculation, all divided by 60.
Partial Withdrawals can be made after three Policy Years or when the Life Insured
attains maturity (i.e. on or after attainment of age 18) whichever is later.
The minimum Partial Withdrawal amount is Rs.10,000.
The maximum Partial Withdrawal amount in a Policy Year is any amount subject to the
Policy having a balance Fund Value of Rs. 25,000 plus Surrender Charges applicable
in the year of Partial Withdrawal and one Annual Policy Premium or Top Up Premiums,
if any, made in the last three years whichever is higher.
The plan also offers you the flexibility of surrendering your policy if the need arises.
There will be no Surrender Charge on policies surrendered after six completed policy
years, which means that the entire Fund Value is payable to you in case you surrender
the policy anytime after six policy years till maturity.
However, if the Policy is surrendered within three years from inception, then the
Surrender Value will be paid to you after the completion of the third Policy Anniversary.
#Partial Withdrawal Option
Surrender Benefit
10
Strategy: The strategy is to invest in high quality equity security to provide long-term
capital appreciation with high level of risk. This Investment Fund Option is suitable
for those who want to have wealth maximization over long-term period with equity
market dynamics.
Objective: To provide long term capital appreciation by actively managing a well-
diversified equity portfolio of fundamentally strong blue chip companies. Further, the
fund seeks to provide a cushion against the sudden volatility in the equities through
some investments in short-term money market instruments.
Strategy: To build and actively manage a well-diversifi.ed equity portfolio of value
and growth driven stocks by following a research focused investment approach.
While appreciating the high risk associated with equities, the fund would attempt
to maximize the risk-return pay off for the long-term advantage of the policyholders.
The fund will also explore the option of having exposure to quality mid cap stocks.
The non-equity portion of the fund will be invested in good rated (P1/A1 & above)
money market instruments and fixed deposits. The fund will also maintain a reasonable
level of liquidity.
Objective: To generate long-term capital appreciation for policyholders by making
investments in fundamentally strong and liquid large cap companies.
Strategy: To build and actively manage an equity portfolio of 20 fundamentally strong
large cap stocks in terms of market capitalization by following an in-depth research-
focused investment approach. The fund will attempt to adequately diversify across
sectors. The fund will invest in companies having financial strength, robust, efficient &
visionary management, enjoying competitive advantage along with good growth
prospects & adequate market liquidity. The fund will adopt a disciplined yet flexible
long-term approach towards investing with a focus on generating long-term capital
appreciation. The non-equity portion of the fund will be invested in high rated money
market instruments and fixed deposits. The fund will also maintain reasonable level of
liquidity.
Objective: To provide long-term wealth maximization by actively managing a well-
diversified equity portfolio, predominantly comprising of companies whose market
capitalization is close to Rs. 1000 crores and above.
Strategy: To build and actively manage a well-diversified equity portfolio of value
& growth driven stocks by following a research driven investment approach. The
investments would be predominantly made in mid cap stocks, with an option to invest
30% in large cap stocks as well. While appreciating the high risk associated with
equities, the fund would attempt to maximize the risk-return pay-off for the long-term
advantage of the policyholders. The fund will also maintain reasonable level of liquidity.
Guaranteed Additions in the form of additional units will be added to the Fund Value th thon the 10 policy anniversary and on every 5 policy anniversary thereafter while your
Maximiser
Super 20
Multiplier
CAN YOU BRIEFLY DESCRIBE THE KEY BENEFITS OF THE PLAN?
Guaranteed Additions
12
Death Benefits
Maturity Benefits
Tax Benefits
ADDITION OF RIDERS
Accidental Death and Dismemberment Rider:
Term Rider:
Critical Illness Rider:
Critical Illness Plus Rider:
Critical Illness Woman Rider:
Waiver of Premium Rider (on TPD and CI):
Below 5 years: If the death of the Life Insured takes place before the commencement
of the Policy Anniversary, coinciding with or immediately following the date when the
Life Insured attains the age of five, only the Fund Value shall be payable to the Policy
Owner. This is not applicable for the Whole Life option.
Between 5 years and 60 years: Higher of the Fund Value or The Sum Assured less all
applicable Partial Withdrawals made in the last 24 months preceding the death of the
Life Insured.
60 years and above: Higher of the Fund Value or Sum Assured less all applicable
Partial Withdrawals made since the Life Insured attained the age of 58.
On maturity of the policy, the Fund Value is payable
Under the Whole Life option, on maturity of the policy when the Life Insured attains
age 100, the Fund Value is payable and the Policy will be terminated.
Tax benefit on premium payment is governed by Section 80C of the Income Tax Act,
1961. Tax exemption on the amounts received by you on maturity or by the beneficiary
in the unfortunate event of death and the withdrawals are governed by section
10(10D) of the Income Tax Act, 1961.
You can further customize your plan by adding any of the following riders:
It provides 100% of coverage in case of death due to accident; loss of more than one
limb or sight in both the eyes or in case of loss of one limb and loss of sight in one eye;
50% coverage in case of loss of one limb or sight in one eye.
It provides additional amount of cover in the event of death of the life insured.
It provides a cover in the event of life insured being diagnosed as suffering from any of
the four illness specified under the Critical Illness Rider.
It provides a cover in the event of life insured being diagnosed as suffering from any of
the seventeen illness specified under the Critical Illness Plus Rider.
It provides a cover against several critical illness including woman specific illness,
pregnancy complications and congenital anomalies in a new born child.
This rider waives payment of future premiums on the happening of any of the
13
unforeseen events as covered under this rider.
For further details, please refer to detailed brochure on riders.
We provide our customers with a high level of transparency in all our plans to put them
in total control. In this plan too we provide the NAVs of the different Investment Fund
Options on a daily basis in the newspapers and on our website www.birlasunlife.com.
We will send you an annual statement giving details of the number of units held
by you under various Investment Fund Options as of the last policy anniversary.
Besides we are just a phone call away and you could call us on our toll free number
1800 270 7000.
The basis used for calculation of NAV would be the appropriation price and
expropriation Price.
The Appropriation price shall apply in a situation when the company is required to
purchase the assets to allocate the units at the valuation date
The Expropriation price shall apply in a situation when the company is required to sell
assets to redeem the units at the valuation date.
The NAV per unit of each Investment Fund will be calculated as per the prevailing
IRDA guidelines mentioned below
When Appropriation price is applied: The NAV shall be computed as:
When Expropriation price is applied: The NAV shall be computed as:
If the premium is not received on the premium due date, a grace period of 30 days is
given. Even at the end of the grace period if the premium is not received, then the
Policy will lapse and all Coverages will terminate immediately.
HOW DO I KEEP TRACK OF THE PERFORMANCE OF MY POLICY?
NAV
WHAT ARE THE OTHER TERMS AND CONDITIONS IN THE POLICY?
Grace Period
Premium Discontinuance
(Market Value of Investments held by the fund + The Expenses incurred in Purchase
of the Assets + Value of Any Current Assets + Any Accrued Income Net of Fund
Management Charges - Value of any Current Liabilities - Provisions, if any)
Divided by the number of units existing at valuation date (before any new units
are allocated)
(Market Value of Investments held by the fund - The Expenses incurred in Sale
of the Assets + Value of Any Current Assets + Any Accrued Income Net of Fund
Management Charges - Value of any Current Liabilities - Provisions, if any)
Divided by the number of units existing at valuation date (before any new units
are allocated)
You can pay your premiums within 30 days after the premium due date.
(a) In case the premium is discontinued within first three Policy Years:
•
•
12
Death Benefits
Maturity Benefits
Tax Benefits
ADDITION OF RIDERS
Accidental Death and Dismemberment Rider:
Term Rider:
Critical Illness Rider:
Critical Illness Plus Rider:
Critical Illness Woman Rider:
Waiver of Premium Rider (on TPD and CI):
Below 5 years: If the death of the Life Insured takes place before the commencement
of the Policy Anniversary, coinciding with or immediately following the date when the
Life Insured attains the age of five, only the Fund Value shall be payable to the Policy
Owner. This is not applicable for the Whole Life option.
Between 5 years and 60 years: Higher of the Fund Value or The Sum Assured less all
applicable Partial Withdrawals made in the last 24 months preceding the death of the
Life Insured.
60 years and above: Higher of the Fund Value or Sum Assured less all applicable
Partial Withdrawals made since the Life Insured attained the age of 58.
On maturity of the policy, the Fund Value is payable
Under the Whole Life option, on maturity of the policy when the Life Insured attains
age 100, the Fund Value is payable and the Policy will be terminated.
Tax benefit on premium payment is governed by Section 80C of the Income Tax Act,
1961. Tax exemption on the amounts received by you on maturity or by the beneficiary
in the unfortunate event of death and the withdrawals are governed by section
10(10D) of the Income Tax Act, 1961.
You can further customize your plan by adding any of the following riders:
It provides 100% of coverage in case of death due to accident; loss of more than one
limb or sight in both the eyes or in case of loss of one limb and loss of sight in one eye;
50% coverage in case of loss of one limb or sight in one eye.
It provides additional amount of cover in the event of death of the life insured.
It provides a cover in the event of life insured being diagnosed as suffering from any of
the four illness specified under the Critical Illness Rider.
It provides a cover in the event of life insured being diagnosed as suffering from any of
the seventeen illness specified under the Critical Illness Plus Rider.
It provides a cover against several critical illness including woman specific illness,
pregnancy complications and congenital anomalies in a new born child.
This rider waives payment of future premiums on the happening of any of the
13
unforeseen events as covered under this rider.
For further details, please refer to detailed brochure on riders.
We provide our customers with a high level of transparency in all our plans to put them
in total control. In this plan too we provide the NAVs of the different Investment Fund
Options on a daily basis in the newspapers and on our website www.birlasunlife.com.
We will send you an annual statement giving details of the number of units held
by you under various Investment Fund Options as of the last policy anniversary.
Besides we are just a phone call away and you could call us on our toll free number
1800 270 7000.
The basis used for calculation of NAV would be the appropriation price and
expropriation Price.
The Appropriation price shall apply in a situation when the company is required to
purchase the assets to allocate the units at the valuation date
The Expropriation price shall apply in a situation when the company is required to sell
assets to redeem the units at the valuation date.
The NAV per unit of each Investment Fund will be calculated as per the prevailing
IRDA guidelines mentioned below
When Appropriation price is applied: The NAV shall be computed as:
When Expropriation price is applied: The NAV shall be computed as:
If the premium is not received on the premium due date, a grace period of 30 days is
given. Even at the end of the grace period if the premium is not received, then the
Policy will lapse and all Coverages will terminate immediately.
HOW DO I KEEP TRACK OF THE PERFORMANCE OF MY POLICY?
NAV
WHAT ARE THE OTHER TERMS AND CONDITIONS IN THE POLICY?
Grace Period
Premium Discontinuance
(Market Value of Investments held by the fund + The Expenses incurred in Purchase
of the Assets + Value of Any Current Assets + Any Accrued Income Net of Fund
Management Charges - Value of any Current Liabilities - Provisions, if any)
Divided by the number of units existing at valuation date (before any new units
are allocated)
(Market Value of Investments held by the fund - The Expenses incurred in Sale
of the Assets + Value of Any Current Assets + Any Accrued Income Net of Fund
Management Charges - Value of any Current Liabilities - Provisions, if any)
Divided by the number of units existing at valuation date (before any new units
are allocated)
You can pay your premiums within 30 days after the premium due date.
(a) In case the premium is discontinued within first three Policy Years:
•
•
14 15
If the Policy is not revived within two years from the lapse date, the Surrender Value as
at the lapse date will be paid out at the end of the third Policy Year or at the end of the
revival period whichever is later. In case the Policy is surrendered during the Revival
Period, then the Surrender Value as at the lapse date will be paid out at the end of
the third Policy Year or the date of Surrender whichever is later. The Surrender Value
will be calculated by deducting the Surrender Charges applicable on the lapse date.
The Surrender Value will not be affected by the market fluctuations and will remain
constant till the time it is paid out. There will be no deduction of the Policy Charges
(as set out in the Policy Charges provision) thereafter from the Surrender Value. If the
life insured dies while the policy is not yet revived, we will pay the Fund Value as of the
lapse date immediately and terminate the contract.
If all due premiums have been received for the first three Policy Years and subsequent
due premium is not received on the premium due date, a grace period of 30 days is
given. Even at the end of the grace period if the premium is not received, you will be
given a period of two years to pay all due and unpaid Policy Premiums.
During these two years all Coverages will continue to be in force and all applicable
charges will continue to be deducted from the Fund Value till the Surrender Value falls
to one Annual Policy Premium.
At the end of the two-year period we will give you an option to continue the Policy. If
you do not opt to continue the Policy, the Policy will be terminated and the Surrender
Value will be paid out.
If you decide to continue with the Policy, the Company will not accept further Policy
Premium under this Policy. All Coverages will continue to be in force and all applicable
charges will continue to be deducted till the Surrender Value falls to one Annual Policy
Premium. At this time the Policy will be terminated and the Surrender Value will be
paid out.
You may opt to continue the Fund Value with BSLI on the Coverage Maturity Date for
a further period of five Policy Years.
No Life Insurance Coverage will be provided during the settlement period and hence
no Mortality Charges will be deducted. Applicable Fund Management Charges will be
deducted from the Fund Value till it is paid out.
If the policy lapses due to non-receipt of premium within first three Policy Years,
you can request that it be revived within two years from the lapse date. Revival or
Reinstatement of Life Insurance Coverage is subject to the following:
The Effective Date of Revival is the date on which the above requirements are met
and approved by the Company. On this date, the Fund Value as on the lapse date will
(b) In case the premium is discontinued after the first three Policy Years:
Evidence of insurability satisfactory to us with respect to the Life Insured (if
applicable); and
Contribution in full of an amount equal to all Policy Premiums due but unpaid till
the Effective Date of Revival
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•
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Settlement Option
Revival of the Policy
14 15
If the Policy is not revived within two years from the lapse date, the Surrender Value as
at the lapse date will be paid out at the end of the third Policy Year or at the end of the
revival period whichever is later. In case the Policy is surrendered during the Revival
Period, then the Surrender Value as at the lapse date will be paid out at the end of
the third Policy Year or the date of Surrender whichever is later. The Surrender Value
will be calculated by deducting the Surrender Charges applicable on the lapse date.
The Surrender Value will not be affected by the market fluctuations and will remain
constant till the time it is paid out. There will be no deduction of the Policy Charges
(as set out in the Policy Charges provision) thereafter from the Surrender Value. If the
life insured dies while the policy is not yet revived, we will pay the Fund Value as of the
lapse date immediately and terminate the contract.
If all due premiums have been received for the first three Policy Years and subsequent
due premium is not received on the premium due date, a grace period of 30 days is
given. Even at the end of the grace period if the premium is not received, you will be
given a period of two years to pay all due and unpaid Policy Premiums.
During these two years all Coverages will continue to be in force and all applicable
charges will continue to be deducted from the Fund Value till the Surrender Value falls
to one Annual Policy Premium.
At the end of the two-year period we will give you an option to continue the Policy. If
you do not opt to continue the Policy, the Policy will be terminated and the Surrender
Value will be paid out.
If you decide to continue with the Policy, the Company will not accept further Policy
Premium under this Policy. All Coverages will continue to be in force and all applicable
charges will continue to be deducted till the Surrender Value falls to one Annual Policy
Premium. At this time the Policy will be terminated and the Surrender Value will be
paid out.
You may opt to continue the Fund Value with BSLI on the Coverage Maturity Date for
a further period of five Policy Years.
No Life Insurance Coverage will be provided during the settlement period and hence
no Mortality Charges will be deducted. Applicable Fund Management Charges will be
deducted from the Fund Value till it is paid out.
If the policy lapses due to non-receipt of premium within first three Policy Years,
you can request that it be revived within two years from the lapse date. Revival or
Reinstatement of Life Insurance Coverage is subject to the following:
The Effective Date of Revival is the date on which the above requirements are met
and approved by the Company. On this date, the Fund Value as on the lapse date will
(b) In case the premium is discontinued after the first three Policy Years:
Evidence of insurability satisfactory to us with respect to the Life Insured (if
applicable); and
Contribution in full of an amount equal to all Policy Premiums due but unpaid till
the Effective Date of Revival
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•
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w
Settlement Option
Revival of the Policy
16
be re-invested in the Investment Funds at the NAV's applicable on the Effective Date
of Revival. All outstanding Policy Charges, if any, for the period between the lapse
date and the Effective Date of Revival shall be deducted from the Fund Value.
We reserve the right to levy a charge subject to our administrative rules then in force
to cover the Underwriting costs arising at the time of Revival. The Revival charge
currently is Rs. 100. This charge cannot exceed Rs. 1000.
In case of non-receipt of premium after the first three Policy Years, you can continue
the Policy by contributing all Policy Premium due but unpaid from the date of Premium
Discontinuance, within two years from the end of the grace period after non-receipt
of premium.
You will have the right to return your policy to us within 15 days from the date of receipt
of the policy. We will pay the Fund Value plus all charges levied till date (excluding
the Fund Management Charge) once we receive your written notice of cancellation
(along with reasons thereof) together with the original policy documents.
Service Tax and other levies, as applicable, will be levied as per the extant tax laws.
The Premium Allocation Charges during the premium paying term are as under:
Policy year Policy years Policy year Thereafter
one two to three
Premium Allocation charge
(as a percentage of Life Insurance 13% 4% 2%
Coverage Premium)
The Premium Allocation Charge on Top-up & Underwriting Extra (if Any) is 2%. There is
no Premium Allocation Charge on Rider Coverage Premium.
The Premium Allocation Charge is guaranteed. The following Policy Charges will be
recovered from the Fund Value.
Sex/Age (in years) 25 35 45 55 65
Female 1.023 1.162 2.385 6.441 15.920
Male 1.083 1.363 3.110 8.571 21.061
•
•
Free Look Period
Service Tax and other levies
WHAT ARE THE CHARGES APPLICABLE IN THE POLICY?
1) The Mortality Charge of the Life Insurance Coverage will be deducted by cancellation
of units on a monthly basis at the prevailing NAV. The annual Mortality Charge per
thousand of the Sum at Risk (Sum Assured Less the Fund Value) for sample ages
are as follows:
The Mortality Charge will be guaranteed over the duration of the contract. An
Underwriting Extra (if any) is an additional amount that will be recovered from the
Fund Value by cancellation of units on a monthly basis.
2) A Fund Management Charge not exceeding 1.75% per annum of the Fund Value
17
will be charged by adjustment of the daily NAVs. Currently this charge is 1.00% per
annum for Income Advantage, Assure, Protector and Builder, 1.25% per annum
for Enhancer and Creator, 1.50% per annum for Magnifier, Maximiser and Super 20
and 1.75% for Multiplier.
3) A Policy Administration Charge will be recovered by canceling units on a monthly
basis at the prevailing NAV. The annual Policy Administration Charge per 1000 of
the Life Insurance Coverage Sum Assured is given in the table below:
Policy Administration Charge
This annual charge cannot exceed Rs. 10 per thousand of the Life Insurance
Coverage Sum Assured.
For example, suppose you had chosen a Sum Assured of Rs 10,00,000 with a
pay period of 3 years. In this case the total Policy Administration Charge in Year 1 is
2.71 * 750 + 1.75 * (1000-750) = 2470 and the amount Rs 2470/12 = 205.83 will
be deducted on every monthly processing date by cancellation of units during
the first Policy Year.
4) The Surrender Value is calculated after deducting the Surrender Charges applicable
at the time of surrender. The Surrender Charges are levied as a percentage of the
Annual Life Insurance Coverage Premium payable. The Surrender Charges levied
on this Policy are as per the table below:
5) If there are attached Riders, a Rider Premium Charge will be realised by cancellation of
units on a monthly basis based on the equivalent monthly Rider Coverage Premium
Life Insurance Coverage Life Insurance Coverage Life Insurance CoverageSum Assured Sum Assured Sum AssuredRs. 2,00,000 to 7,49,999 Rs. 7,50,000 to 19,99,999 Rs. 20,00,000 & above
On amount On amount On amountOn the first in excess of On the first in excess of On the first in excess of2,00,000 2,00,000 7,50,000 7,50,000 20,00,000 20,00,000
Policy Year For 3 and 5 Coverage Paying Periods
1 to 3 6.10 2.50 2.71 1.75 1.11 0.75
Thereafter 3.60 0.00 0.96 0.00 0.36 0.00
Policy Year For all other Coverage Paying Periods
1 to 3 5.60 2.00 2.21 1.25 0.76 0.40
Thereafter 3.60 0.00 0.96 0.00 0.36 0.00
Policy Year Surrender Charge
Year 1 30%
Year 2 20%
Year 3 15%
Year 4 10%
Year 5 8%
Year 6 6%
Year 7 onwards Nil
16
be re-invested in the Investment Funds at the NAV's applicable on the Effective Date
of Revival. All outstanding Policy Charges, if any, for the period between the lapse
date and the Effective Date of Revival shall be deducted from the Fund Value.
We reserve the right to levy a charge subject to our administrative rules then in force
to cover the Underwriting costs arising at the time of Revival. The Revival charge
currently is Rs. 100. This charge cannot exceed Rs. 1000.
In case of non-receipt of premium after the first three Policy Years, you can continue
the Policy by contributing all Policy Premium due but unpaid from the date of Premium
Discontinuance, within two years from the end of the grace period after non-receipt
of premium.
You will have the right to return your policy to us within 15 days from the date of receipt
of the policy. We will pay the Fund Value plus all charges levied till date (excluding
the Fund Management Charge) once we receive your written notice of cancellation
(along with reasons thereof) together with the original policy documents.
Service Tax and other levies, as applicable, will be levied as per the extant tax laws.
The Premium Allocation Charges during the premium paying term are as under:
Policy year Policy years Policy year Thereafter
one two to three
Premium Allocation charge
(as a percentage of Life Insurance 13% 4% 2%
Coverage Premium)
The Premium Allocation Charge on Top-up & Underwriting Extra (if Any) is 2%. There is
no Premium Allocation Charge on Rider Coverage Premium.
The Premium Allocation Charge is guaranteed. The following Policy Charges will be
recovered from the Fund Value.
Sex/Age (in years) 25 35 45 55 65
Female 1.023 1.162 2.385 6.441 15.920
Male 1.083 1.363 3.110 8.571 21.061
•
•
Free Look Period
Service Tax and other levies
WHAT ARE THE CHARGES APPLICABLE IN THE POLICY?
1) The Mortality Charge of the Life Insurance Coverage will be deducted by cancellation
of units on a monthly basis at the prevailing NAV. The annual Mortality Charge per
thousand of the Sum at Risk (Sum Assured Less the Fund Value) for sample ages
are as follows:
The Mortality Charge will be guaranteed over the duration of the contract. An
Underwriting Extra (if any) is an additional amount that will be recovered from the
Fund Value by cancellation of units on a monthly basis.
2) A Fund Management Charge not exceeding 1.75% per annum of the Fund Value
17
will be charged by adjustment of the daily NAVs. Currently this charge is 1.00% per
annum for Income Advantage, Assure, Protector and Builder, 1.25% per annum
for Enhancer and Creator, 1.50% per annum for Magnifier, Maximiser and Super 20
and 1.75% for Multiplier.
3) A Policy Administration Charge will be recovered by canceling units on a monthly
basis at the prevailing NAV. The annual Policy Administration Charge per 1000 of
the Life Insurance Coverage Sum Assured is given in the table below:
Policy Administration Charge
This annual charge cannot exceed Rs. 10 per thousand of the Life Insurance
Coverage Sum Assured.
For example, suppose you had chosen a Sum Assured of Rs 10,00,000 with a
pay period of 3 years. In this case the total Policy Administration Charge in Year 1 is
2.71 * 750 + 1.75 * (1000-750) = 2470 and the amount Rs 2470/12 = 205.83 will
be deducted on every monthly processing date by cancellation of units during
the first Policy Year.
4) The Surrender Value is calculated after deducting the Surrender Charges applicable
at the time of surrender. The Surrender Charges are levied as a percentage of the
Annual Life Insurance Coverage Premium payable. The Surrender Charges levied
on this Policy are as per the table below:
5) If there are attached Riders, a Rider Premium Charge will be realised by cancellation of
units on a monthly basis based on the equivalent monthly Rider Coverage Premium
Life Insurance Coverage Life Insurance Coverage Life Insurance CoverageSum Assured Sum Assured Sum AssuredRs. 2,00,000 to 7,49,999 Rs. 7,50,000 to 19,99,999 Rs. 20,00,000 & above
On amount On amount On amountOn the first in excess of On the first in excess of On the first in excess of2,00,000 2,00,000 7,50,000 7,50,000 20,00,000 20,00,000
Policy Year For 3 and 5 Coverage Paying Periods
1 to 3 6.10 2.50 2.71 1.75 1.11 0.75
Thereafter 3.60 0.00 0.96 0.00 0.36 0.00
Policy Year For all other Coverage Paying Periods
1 to 3 5.60 2.00 2.21 1.25 0.76 0.40
Thereafter 3.60 0.00 0.96 0.00 0.36 0.00
Policy Year Surrender Charge
Year 1 30%
Year 2 20%
Year 3 15%
Year 4 10%
Year 5 8%
Year 6 6%
Year 7 onwards Nil
18
payable when the Rider Coverage Payment Period equals the Rider Coverage
Benefit Period. Rider Coverage Premiums may be subject to market risks.
These Policy Charges (except Mortality Charges and Premium Allocation Charges)
are subject to change and a three-month notice will be provided to all Policy Owners
prior to the implementation of the new Charges. This will be subject to approval of
the IRDA.
Subject to our then current administrative rules, as mentioned earlier you can switch
between Investment Fund(s).
Any switch request, whether for single or multiple transfers would be treated as a
single switch.
* In a year two switches are free. Every additional switch will be subject to a charge as
per the then current administrative rules of the company. Our current Charge for an
additional switch is Rs 100/-. The switching charge shall not exceed Rs. 500/-
@ You can change the Premium Allocation Percentage (using premium redirection
facility) free of Charge twice every year. Every additional change is subject to charge
of Rs. 100/-. The charge will not exceed Rs. 500/-
# In a year only 4 Partial Withdrawals are permitted. Two Partial Withdrawals in every
policy year will be free of charge and every additional Partial Withdrawal will be subject
to a charge of 0.5% of the amount withdrawn. This amount cannot exceed Rs 500/-
"If the Life Insured dies by suicide within one year of the issue of the policy or the
reinstatement of the Life Insurance Coverage whichever is later, we will not pay the
life insurance cover. In such a case, we will refund the higher of the premiums paid
towards the policy since the issue date or the Fund Value on the date of death".
No person shall allow or offer to allow, either directly or indirectly, as an inducement to
any person to take or renew or continue an insurance in respect of any kind of risk
relating to lives or property in India, any rebate of the whole or part of the commission
payable or any rebate of the premium shown on the policy, nor shall any person taking
out or renewing or continuing a policy accept any rebate, except such rebate as may
be allowed in accordance with the published prospectuses or tables of the insurer.
No Policy of Life Insurance effected before the commencement of this Act shall after
the expiry of two years from the date of commencement of this Act and no Policy of
Life Insurance effected after the coming into force of this Act shall, after the expiry of
two years from the date on which it was effected be called in question by an Insurer on
the ground that statement made in the proposal or in any report of a medical officer, or
referee, or friend of the Life Insured, or in any other document leading to the issue of
the Policy, was inaccurate or false, unless the Insurer shows that such statement was
on a material matter or suppressed facts which it was material to disclose and that
OTHER APPLICABLE CHARGES
Suicide
Section 41 of the Insurance Act
Section 45 of the Insurance Act
19
it was fraudulently made by the Life Insured and that the Life Insured knew at the time
of making it that the statement was false or that it suppressed facts which it was
material to disclose.
Provided that nothing in this section shall prevent the Insurer from calling for proof of
age at any time if he is entitled to do so, and no Policy shall be deemed to be called in
question merely because the terms of the Policy are adjusted on subsequent proof
that the age of the Life insured was incorrectly stated in the application.
RISK FACTORS/DISCLAIMERS
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This is a non-participating unit linked savings plan
This policy is underwritten by Birla Sun Life Insurance Company Limited (BSLI)
Birla Sun Life Insurance, ClassicLife Premier, Income Advantage, Assure,
Protector, Builder, Enhancer, Creator, Magnifier, Maximiser, Super 20 and Multiplier
are only the names of the Company, Policy and the Investment Fund Options
respectively and do not in any way indicate the quality of the Policy, Investment
Funds or their future prospects or returns
The charges mentioned above are applicable to all the nine Investment Fund Options
offered at present
All the policy charges (except Premium Allocation Charge and Mortality Charge)
can be modified by the company subject to approval of the IRDA
The company reserves the right to introduce new Investment Funds with different
charges subject to approval of the IRDA
The value of the Investment Fund Options reflects the value of the underlying
investment
These investments are subject to market risks and change in fundamentals such
as tax rates etc effecting the investment portfolio
The premium paid in Unit Linked Life Insurance policies are subject to investment
risk associated with capital markets and the NAV of the units may go up or down
based on the performance of Investment Fund Options and factors influencing
the capital market and the insured is responsible for his/her decisions
There is no guarantee or assurance of returns from the Investment Funds Options
BSLI reserves the right to recover levies such as the Service Tax levied by the
authorities on insurance transactions
If there are any additional levies, they too will be recovered from you
This brochure contains the salient features of the plan
For further details please refer to the policy contract
Tax benefits are subject to changes in the tax laws
Insurance is the subject matter of the solicitation
For more details and clarification call your BSLI Insurance Advisor or visit our
website and see how we can help in making your dreams come true
18
payable when the Rider Coverage Payment Period equals the Rider Coverage
Benefit Period. Rider Coverage Premiums may be subject to market risks.
These Policy Charges (except Mortality Charges and Premium Allocation Charges)
are subject to change and a three-month notice will be provided to all Policy Owners
prior to the implementation of the new Charges. This will be subject to approval of
the IRDA.
Subject to our then current administrative rules, as mentioned earlier you can switch
between Investment Fund(s).
Any switch request, whether for single or multiple transfers would be treated as a
single switch.
* In a year two switches are free. Every additional switch will be subject to a charge as
per the then current administrative rules of the company. Our current Charge for an
additional switch is Rs 100/-. The switching charge shall not exceed Rs. 500/-
@ You can change the Premium Allocation Percentage (using premium redirection
facility) free of Charge twice every year. Every additional change is subject to charge
of Rs. 100/-. The charge will not exceed Rs. 500/-
# In a year only 4 Partial Withdrawals are permitted. Two Partial Withdrawals in every
policy year will be free of charge and every additional Partial Withdrawal will be subject
to a charge of 0.5% of the amount withdrawn. This amount cannot exceed Rs 500/-
"If the Life Insured dies by suicide within one year of the issue of the policy or the
reinstatement of the Life Insurance Coverage whichever is later, we will not pay the
life insurance cover. In such a case, we will refund the higher of the premiums paid
towards the policy since the issue date or the Fund Value on the date of death".
No person shall allow or offer to allow, either directly or indirectly, as an inducement to
any person to take or renew or continue an insurance in respect of any kind of risk
relating to lives or property in India, any rebate of the whole or part of the commission
payable or any rebate of the premium shown on the policy, nor shall any person taking
out or renewing or continuing a policy accept any rebate, except such rebate as may
be allowed in accordance with the published prospectuses or tables of the insurer.
No Policy of Life Insurance effected before the commencement of this Act shall after
the expiry of two years from the date of commencement of this Act and no Policy of
Life Insurance effected after the coming into force of this Act shall, after the expiry of
two years from the date on which it was effected be called in question by an Insurer on
the ground that statement made in the proposal or in any report of a medical officer, or
referee, or friend of the Life Insured, or in any other document leading to the issue of
the Policy, was inaccurate or false, unless the Insurer shows that such statement was
on a material matter or suppressed facts which it was material to disclose and that
OTHER APPLICABLE CHARGES
Suicide
Section 41 of the Insurance Act
Section 45 of the Insurance Act
19
it was fraudulently made by the Life Insured and that the Life Insured knew at the time
of making it that the statement was false or that it suppressed facts which it was
material to disclose.
Provided that nothing in this section shall prevent the Insurer from calling for proof of
age at any time if he is entitled to do so, and no Policy shall be deemed to be called in
question merely because the terms of the Policy are adjusted on subsequent proof
that the age of the Life insured was incorrectly stated in the application.
RISK FACTORS/DISCLAIMERS
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This is a non-participating unit linked savings plan
This policy is underwritten by Birla Sun Life Insurance Company Limited (BSLI)
Birla Sun Life Insurance, ClassicLife Premier, Income Advantage, Assure,
Protector, Builder, Enhancer, Creator, Magnifier, Maximiser, Super 20 and Multiplier
are only the names of the Company, Policy and the Investment Fund Options
respectively and do not in any way indicate the quality of the Policy, Investment
Funds or their future prospects or returns
The charges mentioned above are applicable to all the nine Investment Fund Options
offered at present
All the policy charges (except Premium Allocation Charge and Mortality Charge)
can be modified by the company subject to approval of the IRDA
The company reserves the right to introduce new Investment Funds with different
charges subject to approval of the IRDA
The value of the Investment Fund Options reflects the value of the underlying
investment
These investments are subject to market risks and change in fundamentals such
as tax rates etc effecting the investment portfolio
The premium paid in Unit Linked Life Insurance policies are subject to investment
risk associated with capital markets and the NAV of the units may go up or down
based on the performance of Investment Fund Options and factors influencing
the capital market and the insured is responsible for his/her decisions
There is no guarantee or assurance of returns from the Investment Funds Options
BSLI reserves the right to recover levies such as the Service Tax levied by the
authorities on insurance transactions
If there are any additional levies, they too will be recovered from you
This brochure contains the salient features of the plan
For further details please refer to the policy contract
Tax benefits are subject to changes in the tax laws
Insurance is the subject matter of the solicitation
For more details and clarification call your BSLI Insurance Advisor or visit our
website and see how we can help in making your dreams come true
Call Toll-free: 1-800-270-7000 www.birlasunlife.com sms ‘CLASSIC’ to 56161
Regd. Office: One Indiabulls Centre, Tower 1, 15th & 16th Floor, Jupiter Mill Compound,841, Senapati Bapat Marg, Elphinstone Road, Mumbai 400 013. Reg. No. 109 Unique No.:109L018V02 ADV/03/08-09/3229 VER 12/SEPT/2009