wealth dream plan
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Regd. Office: 6th Floor, Vaman Centre, Makhwana Road, Off Andheri-Kurla Road, Near Marol Naka, Andheri (East), Mumbai 400 059. Reg. No. 109 Unique No.: 109L025V01ADV/03/08-09/3216 VER 7/JUNE/2009
Why should you be made tochoose one?
Call Toll-free: 1-800-270-7000 www.birlasunlife.com sms ‘ALL’ to 56161
@ 3%
ANTR EA EU D
G FUNDVALUE
Dream PlanBirla Sun Life Insurance
Guarantees your chosen amount or more at maturity
In this policy, the investment risk in investment portfolio is borne by
the policyholder.
As we go through life, we all have dreams, for ourselves and our loved ones. We
endeavor to shape our dreams and bring our dreams to reality in the best possible
way.
To make those dreams possible you need financial freedom and confidence. That's
exactly where the Birla Sun Life Dream Plan comes in. It is a thoughtfully designed
savings plan that enables you to achieve your dreams.
It helps you to save today… to Secure your and your loved ones future.and yes, it has… Our Commitment.
Our Dream Plan is a long-term Unit Linked insurance plan that is specifically designed
to provide financial security for your future requirements. With us, your future is
guaranteed.
Our plan combines a guaranteed return on your savings with upside potential based
on the performance of the investment funds you decide to invest in. No matter what
the future performance of the investment funds is, you are always guaranteed a
minimum amount at maturity.
YOU AND YOUR DREAM…
OUR SOLUTION
Our plan also ensures your nominee, in case of your demise, will get the sum assured
you choose plus the value of your savings to date - and we guarantee your savings
will have earned no less than 3% per annum till date.
We have some criteria you should consider.
The Guaranteed Maturity Benefit you choose must be at least:
The Enhanced Sum Assured you choose, if any, must be at least Rs. 50,000.
You are considering this plan for acquiring financial security in future. With us, you are
guaranteed to succeed, no matter what happens.
So start today!
The first step is for you to decide on the amount you want to receive at maturity –
guaranteed. This is the Guaranteed Maturity Benefit.
This plan combines a guaranteed return on your savings with upside potential based
on the performance of the investment funds you decide to invest in. You are therefore
assured that you will receive no less than the Guaranteed Maturity Benefit when this
plan matures.
Our Dream Plan comes with three Guaranteed Maturity Options designed to allow you
to secure more for yourself with three separate maturity amount payout schedules.
Choose one of the three Guaranteed Maturity Options and you will receive:
As a percentage of the Guaranteed Maturity Benefit.
ELIGIBILITY
YOUR OPTIONS
Choose the Guaranteed Maturity Benefit
Choose the Guaranteed Maturity Option
•
•
•
•
•
•
You can choose a plan term ranging from 5 to 25 years
You, the Life Insured, must be 18 to 60 of age at entry
You must be of age 75 or younger when your plan matures
Rs. 75,000 for the 100% Guaranteed Maturity option
Rs. 37,500 for the 200% Guaranteed Maturity option
Rs. 25,000 for the 300% Guaranteed Maturity option
Year-End 100% Option 200% Option 300% Option
at maturity 100% 100% 100%
+1 year --- 20% 25%
+2 year --- 20% 25%
+3 year --- 20% 25%
+4 year --- 20% 25%
+5 year --- 20% 100%
Total 100% 200% 300%
In this policy, the investment risk in investment portfolio is borne by
the policyholder.
As we go through life, we all have dreams, for ourselves and our loved ones. We
endeavor to shape our dreams and bring our dreams to reality in the best possible
way.
To make those dreams possible you need financial freedom and confidence. That's
exactly where the Birla Sun Life Dream Plan comes in. It is a thoughtfully designed
savings plan that enables you to achieve your dreams.
It helps you to save today… to Secure your and your loved ones future.and yes, it has… Our Commitment.
Our Dream Plan is a long-term Unit Linked insurance plan that is specifically designed
to provide financial security for your future requirements. With us, your future is
guaranteed.
Our plan combines a guaranteed return on your savings with upside potential based
on the performance of the investment funds you decide to invest in. No matter what
the future performance of the investment funds is, you are always guaranteed a
minimum amount at maturity.
YOU AND YOUR DREAM…
OUR SOLUTION
Our plan also ensures your nominee, in case of your demise, will get the sum assured
you choose plus the value of your savings to date - and we guarantee your savings
will have earned no less than 3% per annum till date.
We have some criteria you should consider.
The Guaranteed Maturity Benefit you choose must be at least:
The Enhanced Sum Assured you choose, if any, must be at least Rs. 50,000.
You are considering this plan for acquiring financial security in future. With us, you are
guaranteed to succeed, no matter what happens.
So start today!
The first step is for you to decide on the amount you want to receive at maturity –
guaranteed. This is the Guaranteed Maturity Benefit.
This plan combines a guaranteed return on your savings with upside potential based
on the performance of the investment funds you decide to invest in. You are therefore
assured that you will receive no less than the Guaranteed Maturity Benefit when this
plan matures.
Our Dream Plan comes with three Guaranteed Maturity Options designed to allow you
to secure more for yourself with three separate maturity amount payout schedules.
Choose one of the three Guaranteed Maturity Options and you will receive:
As a percentage of the Guaranteed Maturity Benefit.
ELIGIBILITY
YOUR OPTIONS
Choose the Guaranteed Maturity Benefit
Choose the Guaranteed Maturity Option
•
•
•
•
•
•
You can choose a plan term ranging from 5 to 25 years
You, the Life Insured, must be 18 to 60 of age at entry
You must be of age 75 or younger when your plan matures
Rs. 75,000 for the 100% Guaranteed Maturity option
Rs. 37,500 for the 200% Guaranteed Maturity option
Rs. 25,000 for the 300% Guaranteed Maturity option
Year-End 100% Option 200% Option 300% Option
at maturity 100% 100% 100%
+1 year --- 20% 25%
+2 year --- 20% 25%
+3 year --- 20% 25%
+4 year --- 20% 25%
+5 year --- 20% 100%
Total 100% 200% 300%
Don't forget, your plan has further upside potential. You will get this upside, if any,
together with the last installment of the Guaranteed Maturity Benefit.
We offer three investment funds to suit your particular investment needs - Protector,
Builder and Enhancer. Simply tell us in which investment fund(s) you want your
premium to be invested in. You can decide to invest in only one investment fund or in
a combination of all three - it's your choice. Also, you can change your mind at any
time for future premiums and can even switch existing investments in one investment
fund to another.
A Basic Sum Assured is associated with the Guaranteed Maturity Benefit you choose.
This amount is paid in the unfortunate event that you die while your plan is in effect.
We give you the option to increase this protection to suit your particular insurance
needs. Simply specify the amount you want (the Enhanced Sum Assured) in addition
to the Basic Sum Assured and your insurance protection will equal the sum of the
Basic and Enhanced Sum Assured.
All Unit Linked life insurance plans are different from Traditional insurance plans and
are subject to different risk factors. The name of the investment funds and that of this
plan do not in any way indicate the quality of the plan or future returns.
In this plan, the investment risk in the investment funds chosen by you is borne by you.
Investment funds are subject to investment risks associated with the capital markets
and unit prices may go up or down reflecting the market value of the underlying assets.
Past performance is no guarantee of future results.
We do however guarantee the payment of the Guaranteed Maturity Benefit as
described in this document, provided all policy premiums are paid when due.
Your financial advisor will provide you with the annual policy premium specific to the
plan you are considering. The annual policy premium is based on:
You can also increase your savings at any time by paying additional amounts over and
above the policy premium - this is known as top-up premiums. Each top-up premium
must be Rs. 500 or more provided your total top-up premiums to date does not
exceed 25% of your total policy premiums to date. We do accept top-up premiums in
excess of 25% of your total policy premiums to date, but in this case, the minimum
top-up premium is Rs. 5,000 and your Enhanced Sum Assured will be increased by
125% of the excess of your top-up premiums over 25% of policy premiums to date,
subject to evidence of insurability satisfactory to us.
Choose the Investment Fund(s)
Choose the Additional Protection
BEFORE YOU CONTINUE READING …
YOUR PREMIUMS
•
•
•
•
the Guaranteed Maturity Benefit and Option you choose
the Enhanced Sum Assured you desire
the plan term and your gender and age at entry; and
the premium associated with any riders you add
Don't forget, your plan has further upside potential. You will get this upside, if any,
together with the last installment of the Guaranteed Maturity Benefit.
We offer three investment funds to suit your particular investment needs - Protector,
Builder and Enhancer. Simply tell us in which investment fund(s) you want your
premium to be invested in. You can decide to invest in only one investment fund or in
a combination of all three - it's your choice. Also, you can change your mind at any
time for future premiums and can even switch existing investments in one investment
fund to another.
A Basic Sum Assured is associated with the Guaranteed Maturity Benefit you choose.
This amount is paid in the unfortunate event that you die while your plan is in effect.
We give you the option to increase this protection to suit your particular insurance
needs. Simply specify the amount you want (the Enhanced Sum Assured) in addition
to the Basic Sum Assured and your insurance protection will equal the sum of the
Basic and Enhanced Sum Assured.
All Unit Linked life insurance plans are different from Traditional insurance plans and
are subject to different risk factors. The name of the investment funds and that of this
plan do not in any way indicate the quality of the plan or future returns.
In this plan, the investment risk in the investment funds chosen by you is borne by you.
Investment funds are subject to investment risks associated with the capital markets
and unit prices may go up or down reflecting the market value of the underlying assets.
Past performance is no guarantee of future results.
We do however guarantee the payment of the Guaranteed Maturity Benefit as
described in this document, provided all policy premiums are paid when due.
Your financial advisor will provide you with the annual policy premium specific to the
plan you are considering. The annual policy premium is based on:
You can also increase your savings at any time by paying additional amounts over and
above the policy premium - this is known as top-up premiums. Each top-up premium
must be Rs. 500 or more provided your total top-up premiums to date does not
exceed 25% of your total policy premiums to date. We do accept top-up premiums in
excess of 25% of your total policy premiums to date, but in this case, the minimum
top-up premium is Rs. 5,000 and your Enhanced Sum Assured will be increased by
125% of the excess of your top-up premiums over 25% of policy premiums to date,
subject to evidence of insurability satisfactory to us.
Choose the Investment Fund(s)
Choose the Additional Protection
BEFORE YOU CONTINUE READING …
YOUR PREMIUMS
•
•
•
•
the Guaranteed Maturity Benefit and Option you choose
the Enhanced Sum Assured you desire
the plan term and your gender and age at entry; and
the premium associated with any riders you add
HOW TO PAY YOUR PREMIUMS
INVESTING YOUR PREMIUMS
Protector
Builder
Enhancer
You can pay the policy premium monthly (through ECS only), quarterly, half-yearly
or annually. The modes of payment we currently offer are cash (up to Rs. 50,000),
cheque, credit card, salary deduction, ECS (Electronic Clearing Service) and direct
debit.
You decide on the proportion of your policy premium and top-up premium to be
invested in each of the three investment funds we offer - Protector, Builder and
Enhancer.
Objective: To generate consistent returns through active management of a fixed
income portfolio and focus on creating a long-term equity portfolio, which will enhance
the yield of the 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 Investment Fund is suitable for those who want to
preserve their capital and earn a steady return on investment through higher exposure
to debt securities.
Objective: To build 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: To generate better returns with moderate level of risk through active
management of a fixed income portfolio and focus on creating a long-term equity
portfolio, which will enhance the yield of the composite portfolio with low level of
risk appetite.
Objective: To grow 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 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 a diversified equity portfolio
and seek to earn regular returns on the fixed income portfolio by active management
resulting in wealth creation for policy owners.
See Schedule A below for specifics on each investment fund.
We record your allocation instructions through the Premium Allocation Percentage,
and our only requirement is that the percentage allocated to each investment fund be
in increments of 5%, ranging from 0% to 100%.
You will be allocated investment fund units based on the monetary amount you invest
in an investment fund divided by its then prevailing unit price. Units will be allocated
based on:
•
•
•
•
•
•
100% of your policy premiums when received; and
98% of your top-up premiums when received – we retain 2% of your top-up
premium as a Premium Allocation Charge
use our premium redirection facility and change your Premium Allocation
Percentage applicable to future policy premiums and top-up premiums; and·
switch part or all of your allocated units in one investment fund to another at the
then prevailing unit prices
we will send you an annual statement detailing the number of units you have in each
investment fund and their respective unit price as of the last policy anniversary; and
we publish the unit prices of all investment funds on our website www.birlasunlife.com
as well as in the newspapers
For added flexibility, you can at any time:
Keeping track of your investment is easy with us:
KEEPING TRACK OF YOUR INVESTMENTS
Schedule A
Investment Fund RiskAsset Allocation * Min. Max.
Option Profile
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%
* 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. They include mutual funds, collateralized borrowing & lending obligation, certificate of deposits, commercial papers etc. Investment in Money Market Instrument supports better liquidity management.
HOW TO PAY YOUR PREMIUMS
INVESTING YOUR PREMIUMS
Protector
Builder
Enhancer
You can pay the policy premium monthly (through ECS only), quarterly, half-yearly
or annually. The modes of payment we currently offer are cash (up to Rs. 50,000),
cheque, credit card, salary deduction, ECS (Electronic Clearing Service) and direct
debit.
You decide on the proportion of your policy premium and top-up premium to be
invested in each of the three investment funds we offer - Protector, Builder and
Enhancer.
Objective: To generate consistent returns through active management of a fixed
income portfolio and focus on creating a long-term equity portfolio, which will enhance
the yield of the 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 Investment Fund is suitable for those who want to
preserve their capital and earn a steady return on investment through higher exposure
to debt securities.
Objective: To build 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: To generate better returns with moderate level of risk through active
management of a fixed income portfolio and focus on creating a long-term equity
portfolio, which will enhance the yield of the composite portfolio with low level of
risk appetite.
Objective: To grow 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 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 a diversified equity portfolio
and seek to earn regular returns on the fixed income portfolio by active management
resulting in wealth creation for policy owners.
See Schedule A below for specifics on each investment fund.
We record your allocation instructions through the Premium Allocation Percentage,
and our only requirement is that the percentage allocated to each investment fund be
in increments of 5%, ranging from 0% to 100%.
You will be allocated investment fund units based on the monetary amount you invest
in an investment fund divided by its then prevailing unit price. Units will be allocated
based on:
•
•
•
•
•
•
100% of your policy premiums when received; and
98% of your top-up premiums when received – we retain 2% of your top-up
premium as a Premium Allocation Charge
use our premium redirection facility and change your Premium Allocation
Percentage applicable to future policy premiums and top-up premiums; and·
switch part or all of your allocated units in one investment fund to another at the
then prevailing unit prices
we will send you an annual statement detailing the number of units you have in each
investment fund and their respective unit price as of the last policy anniversary; and
we publish the unit prices of all investment funds on our website www.birlasunlife.com
as well as in the newspapers
For added flexibility, you can at any time:
Keeping track of your investment is easy with us:
KEEPING TRACK OF YOUR INVESTMENTS
Schedule A
Investment Fund RiskAsset Allocation * Min. Max.
Option Profile
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%
* 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. They include mutual funds, collateralized borrowing & lending obligation, certificate of deposits, commercial papers etc. Investment in Money Market Instrument supports better liquidity management.
ACCESSING YOUR INVESTMENTS
Partial Withdrawals
Policy Surrender
Policy Loans
YOUR BENEFITS
In the unfortunate event of your demise
The total value of your investments in this plan is known as the Fund Value - the
balance of all units allocated to your policy multiplied by their respective then prevailing
unit price.
Our plan offers guaranteed maturity benefits and we track your guarantees via the
Guaranteed Fund Value - the accumulation at 3% per annum of all your policy
premiums and top-up premiums (net of the 2% Premium Allocation Charge) paid till
date less policy charges deducted monthly.
Both the Fund Value and Guaranteed Fund Value will be reduced at the beginning of
every policy month to cover your policy charges. We will redeem units equal to the
monetary amount of the policy charge divided by the then prevailing unit price from
each investment fund under your policy, in proportion to their value at that time.
After the completion of three policy years, you are free to make a partial withdrawal at
any time. The partial withdrawal must be at least Rs. 5,000 and cannot exceed the
excess, if any, of the Fund Value over the Guaranteed Fund Value at that time.
The units redeemed will equal the partial withdrawal divided by the then prevailing unit
price of the investment fund from which the partial withdrawal is taken.
Partial withdrawals will not reduce the Guaranteed Fund Value.
After the completion of three policy years, you can surrender your policy to us and
receive the Fund Value at that time.
You can surrender your policy in the first three policy years but:
The deferred payment will be for an amount equal to the Fund Value (net of the
Surrender Charge) as of the date of your surrender and remain constant till paid to you.
In situations, as per the Surrender provision, where we are withholding the Surrender
Value as of the lapse date, such amount shall be immediately released upon the
death of the Life Insured.
We do not offer this facility on this plan.
In the unfortunate event of your demise, your nominee will receive the Basic Sum
Assured plus the Enhanced Sum Assured plus the greater of Fund Value and
Guaranteed Fund Value.
•
•
we will retain a Surrender Charge; and
we will defer the payment till the end of the third policy year
ACCESSING YOUR INVESTMENTS
Partial Withdrawals
Policy Surrender
Policy Loans
YOUR BENEFITS
In the unfortunate event of your demise
The total value of your investments in this plan is known as the Fund Value - the
balance of all units allocated to your policy multiplied by their respective then prevailing
unit price.
Our plan offers guaranteed maturity benefits and we track your guarantees via the
Guaranteed Fund Value - the accumulation at 3% per annum of all your policy
premiums and top-up premiums (net of the 2% Premium Allocation Charge) paid till
date less policy charges deducted monthly.
Both the Fund Value and Guaranteed Fund Value will be reduced at the beginning of
every policy month to cover your policy charges. We will redeem units equal to the
monetary amount of the policy charge divided by the then prevailing unit price from
each investment fund under your policy, in proportion to their value at that time.
After the completion of three policy years, you are free to make a partial withdrawal at
any time. The partial withdrawal must be at least Rs. 5,000 and cannot exceed the
excess, if any, of the Fund Value over the Guaranteed Fund Value at that time.
The units redeemed will equal the partial withdrawal divided by the then prevailing unit
price of the investment fund from which the partial withdrawal is taken.
Partial withdrawals will not reduce the Guaranteed Fund Value.
After the completion of three policy years, you can surrender your policy to us and
receive the Fund Value at that time.
You can surrender your policy in the first three policy years but:
The deferred payment will be for an amount equal to the Fund Value (net of the
Surrender Charge) as of the date of your surrender and remain constant till paid to you.
In situations, as per the Surrender provision, where we are withholding the Surrender
Value as of the lapse date, such amount shall be immediately released upon the
death of the Life Insured.
We do not offer this facility on this plan.
In the unfortunate event of your demise, your nominee will receive the Basic Sum
Assured plus the Enhanced Sum Assured plus the greater of Fund Value and
Guaranteed Fund Value.
•
•
we will retain a Surrender Charge; and
we will defer the payment till the end of the third policy year
The Basic Sum Assured is associated with the Guaranteed Maturity Benefit you
choose. Your financial advisor will provide you with the Basic Sum Assured specific to
the plan you are considering.
Based on your insurance needs, you can increase the amount of protection via the
Enhanced Sum Assured. You can specify the Enhanced Sum Assured at entry and/or
increase it at any time during your lifetime. The minimum Enhanced Sum Assured
increment is Rs. 50,000 and is subject to evidence of insurability satisfactory to us.
Your annual policy premium will be increased if and when the Enhanced Sum Assured
is increased.
The minimum Guaranteed Maturity Benefit is payable on the maturity date of your
policy.
This assumes however that you paid all policy premiums when due. Otherwise, the
Guaranteed Maturity Benefit when due will be limited to the Guaranteed Fund Value
at that time.
By choosing the 100% Guaranteed Maturity Option, we will pay the higher of the
Fund Value or Guaranteed Fund Value on the maturity date of your policy and end
the contract.
By choosing the 200% or 300% Guaranteed Maturity Option, your contract will
continue under a settlement option for a period of 5 years starting on the maturity
date of the policy.
During the settlement option period, we will not levy any policy charges except for
the Fund Management Charge. Also, all riders will cease and no life insurance cover
is provided.
At any time during the settlement option period, you can cancel the contract and we
will pay the higher of the Fund Value or Guaranteed Fund Value at that time.
At the start of the settlement option period and at the end of each year thereafter, the
Guaranteed Fund Value will be reduced by:
As a percentage of the Guaranteed Maturity Benefit.
The Guaranteed Fund Value will never be reduced below nil.
Your Guaranteed Maturity Benefit
Double or Triple the Guaranteed Maturity Benefit
Date 200% Option 300% Option
at maturity 100% 100%
year-end 1 20% 25%
year-end 2 20% 25%
year-end 3 20% 25%
year-end 4 20% 25%
year-end 5 20% 100%
Total 200% 300%
Partial withdrawals not exceeding the excess of the Fund Value over the Guaranteed
Fund Value can be made at any time during the settlement option period.
You are therefore given the choice to en-cash the guaranteed maturity benefits when
due or leave them invested in the investment funds until the end of the settlement
option period. At the end of the 5-year settlement option period, we will terminate the
contract and pay the higher of the Fund Value or Guaranteed Fund Value.
Our Dream Plan offers discounts at higher Guaranteed Maturity Benefit amounts
based on bands provided below:
OUR POLICY CHARGES
Band MinimumGuaranteed Maturity Benefit
Band 100% Option 200% Option 300% Option
1 75,000 37,500 25,000
2 1,50,000 75,000 50,000
3 3,00,000 1,50,000 1,00,000
4 6,00,000 3,00,000 2,00,000
5 12,00,000 6,00,000 4,00,000
The Basic Sum Assured is associated with the Guaranteed Maturity Benefit you
choose. Your financial advisor will provide you with the Basic Sum Assured specific to
the plan you are considering.
Based on your insurance needs, you can increase the amount of protection via the
Enhanced Sum Assured. You can specify the Enhanced Sum Assured at entry and/or
increase it at any time during your lifetime. The minimum Enhanced Sum Assured
increment is Rs. 50,000 and is subject to evidence of insurability satisfactory to us.
Your annual policy premium will be increased if and when the Enhanced Sum Assured
is increased.
The minimum Guaranteed Maturity Benefit is payable on the maturity date of your
policy.
This assumes however that you paid all policy premiums when due. Otherwise, the
Guaranteed Maturity Benefit when due will be limited to the Guaranteed Fund Value
at that time.
By choosing the 100% Guaranteed Maturity Option, we will pay the higher of the
Fund Value or Guaranteed Fund Value on the maturity date of your policy and end
the contract.
By choosing the 200% or 300% Guaranteed Maturity Option, your contract will
continue under a settlement option for a period of 5 years starting on the maturity
date of the policy.
During the settlement option period, we will not levy any policy charges except for
the Fund Management Charge. Also, all riders will cease and no life insurance cover
is provided.
At any time during the settlement option period, you can cancel the contract and we
will pay the higher of the Fund Value or Guaranteed Fund Value at that time.
At the start of the settlement option period and at the end of each year thereafter, the
Guaranteed Fund Value will be reduced by:
As a percentage of the Guaranteed Maturity Benefit.
The Guaranteed Fund Value will never be reduced below nil.
Your Guaranteed Maturity Benefit
Double or Triple the Guaranteed Maturity Benefit
Date 200% Option 300% Option
at maturity 100% 100%
year-end 1 20% 25%
year-end 2 20% 25%
year-end 3 20% 25%
year-end 4 20% 25%
year-end 5 20% 100%
Total 200% 300%
Partial withdrawals not exceeding the excess of the Fund Value over the Guaranteed
Fund Value can be made at any time during the settlement option period.
You are therefore given the choice to en-cash the guaranteed maturity benefits when
due or leave them invested in the investment funds until the end of the settlement
option period. At the end of the 5-year settlement option period, we will terminate the
contract and pay the higher of the Fund Value or Guaranteed Fund Value.
Our Dream Plan offers discounts at higher Guaranteed Maturity Benefit amounts
based on bands provided below:
OUR POLICY CHARGES
Band MinimumGuaranteed Maturity Benefit
Band 100% Option 200% Option 300% Option
1 75,000 37,500 25,000
2 1,50,000 75,000 50,000
3 3,00,000 1,50,000 1,00,000
4 6,00,000 3,00,000 2,00,000
5 12,00,000 6,00,000 4,00,000
The charges under this plan are designed to optimize the long-term return on your
investment while providing for the costs of insurance, distribution and administration
of your policy.
No premium allocation charge is deducted from your policy premium so all of your
policy premium will be invested in the investment funds of your choice.
For top-up premiums, we will first deduct a 2% premium allocation charge and then
invest the remaining 98% in the investment funds of your choice.
The daily unit price of each investment fund is adjusted to reflect the fund management
charge. Currently the charge is 1.00% per annum for Protector, Builder and 1.25%
per annum for Enhancer, but we may increase this charge in any time in the future
subject to a maximum of 1.50% per annum.
The policy administration charge will be deducted monthly by canceling units
proportionately from each investment fund you have at that time. The annual rate per
1000 of Basic Sum Assured is shown in Schedule B. We may increase this charge at
any time after the 4th policy year, subject to a maximum increase of 5% per annum
since inception.
The surrender charge is applied if and when you surrender your policy in the first
3 policy years. The amount you will receive will be the fund value less this charge.
The rate per 1000 of Basic Sum Assured is shown in Schedule B.
The current charge for policy revival is Rs. 100. We may increase this charge at any
time in the future subject to a maximum of Rs. 1,000.
Your can make two fund switches, two partial withdrawals and two premium
redirections free of charge per policy year. A charge of Rs. 100 will be levied per
additional request, and we may increase this charge at any time in the future subject
to a maximum of Rs. 500 per additional request.
Every month we will deduct a mortality charge for providing you with the death cover.
We will take these charges by canceling units proportionately from each of the
investment funds at that time.
The annual rate for each of this charge will depend on the plan term as well as the age
and gender of the life insured. Sample rates are provided in Schedule C for your
reference. Please visit our website or ask your financial advisor for the rates applicable
to you.
Premium Allocation Charge
Fund Management Charge
Policy Administration Charge
Surrender Charge
Revival Charge
Other Policy Charges
Mortality Charge
Rider Premium Charge
IRDA Approval
A rider premium charge will be recovered monthly by canceling units proportionately
from each of the investment funds you have at that time. The rider premium charge will
be exactly equal to the rider premium payable on a monthly basis. Rider premiums
paid less frequently than monthly will be subject to the market risks associated with
the investment funds you have chosen.
Only when specified and within stated limits, we may increase a particular charge
at any time in the future. We, however, need to get prior approval from the IRDA
before such charge increase is effective. Otherwise, all other charges in this policy are
guaranteed to never increase during the tenure of the policy.
The charges under this plan are designed to optimize the long-term return on your
investment while providing for the costs of insurance, distribution and administration
of your policy.
No premium allocation charge is deducted from your policy premium so all of your
policy premium will be invested in the investment funds of your choice.
For top-up premiums, we will first deduct a 2% premium allocation charge and then
invest the remaining 98% in the investment funds of your choice.
The daily unit price of each investment fund is adjusted to reflect the fund management
charge. Currently the charge is 1.00% per annum for Protector, Builder and 1.25%
per annum for Enhancer, but we may increase this charge in any time in the future
subject to a maximum of 1.50% per annum.
The policy administration charge will be deducted monthly by canceling units
proportionately from each investment fund you have at that time. The annual rate per
1000 of Basic Sum Assured is shown in Schedule B. We may increase this charge at
any time after the 4th policy year, subject to a maximum increase of 5% per annum
since inception.
The surrender charge is applied if and when you surrender your policy in the first
3 policy years. The amount you will receive will be the fund value less this charge.
The rate per 1000 of Basic Sum Assured is shown in Schedule B.
The current charge for policy revival is Rs. 100. We may increase this charge at any
time in the future subject to a maximum of Rs. 1,000.
Your can make two fund switches, two partial withdrawals and two premium
redirections free of charge per policy year. A charge of Rs. 100 will be levied per
additional request, and we may increase this charge at any time in the future subject
to a maximum of Rs. 500 per additional request.
Every month we will deduct a mortality charge for providing you with the death cover.
We will take these charges by canceling units proportionately from each of the
investment funds at that time.
The annual rate for each of this charge will depend on the plan term as well as the age
and gender of the life insured. Sample rates are provided in Schedule C for your
reference. Please visit our website or ask your financial advisor for the rates applicable
to you.
Premium Allocation Charge
Fund Management Charge
Policy Administration Charge
Surrender Charge
Revival Charge
Other Policy Charges
Mortality Charge
Rider Premium Charge
IRDA Approval
A rider premium charge will be recovered monthly by canceling units proportionately
from each of the investment funds you have at that time. The rider premium charge will
be exactly equal to the rider premium payable on a monthly basis. Rider premiums
paid less frequently than monthly will be subject to the market risks associated with
the investment funds you have chosen.
Only when specified and within stated limits, we may increase a particular charge
at any time in the future. We, however, need to get prior approval from the IRDA
before such charge increase is effective. Otherwise, all other charges in this policy are
guaranteed to never increase during the tenure of the policy.
Schedule B
Basic Policy Administration Charge
Policy Sum plus in all years Year Terms Assured 1-3 Band 1 Band 2 Band 3 Band 4 Band 5
100% Guaranteed Maturity Option
5 1,133 8.45 12.26 9.02 7.41 6.60 6.20
6 944 9.99 12.99 9.24 7.37 6.44 5.98
7 810 11.47 13.66 9.41 7.28 6.22 5.69
8 710 12.89 14.36 9.58 7.20 6.00 5.41
9 632 14.27 15.09 9.78 7.12 5.80 5.14
10 570 15.58 15.90 10.06 7.15 5.69 4.97
11 578 15.14 15.10 9.36 6.49 5.06 4.34
12 586 14.71 14.46 8.79 5.96 4.55 3.85
13 595 14.27 13.91 8.32 5.53 4.14 3.44
14 605 13.82 13.44 7.92 5.16 3.79 3.10
15 618 13.32 12.97 7.55 4.84 3.49 2.81
16 613 13.22 12.95 7.44 4.70 3.33 2.65
17 608 13.13 12.96 7.38 4.59 3.21 2.51
18 602 13.05 13.02 7.35 4.52 3.11 2.41
19 596 12.98 13.11 7.35 4.47 3.04 2.32
20 590 12.91 13.23 7.37 4.44 2.98 2.25
21 580 12.93 13.00 7.03 4.05 2.57 1.83
22 571 12.93 12.79 6.73 3.71 2.20 1.44
23 561 12.95 12.67 6.49 3.41 1.88 1.11
24 551 12.98 12.58 6.29 3.15 1.59 0.81
25 541 13.01 12.54 6.12 2.93 1.33 0.54
200% Guaranteed Maturity Option
5 2,185 8.39 13.45 8.88 6.66 5.59 5.06
6 1,821 9.92 14.09 9.05 6.65 5.47 4.88
7 1,561 11.40 14.70 9.22 6.62 5.31 4.66
8 1,367 12.83 15.33 9.47 6.61 5.19 4.47
9 1,217 14.19 16.02 9.75 6.65 5.09 4.31
10 1,099 15.48 16.82 10.06 6.70 5.01 4.17
11 1,111 15.09 15.95 9.39 6.12 4.48 3.67
12 1,127 14.65 15.20 8.82 5.64 4.05 3.25
13 1,145 14.20 14.58 8.35 5.24 3.69 2.92
14 1,165 13.75 14.04 7.95 4.92 3.40 2.64
15 1,191 13.24 13.51 7.58 4.62 3.15 2.41
16 1,181 13.15 13.47 7.49 4.51 3.03 2.28
17 1,171 13.06 13.46 7.44 4.43 2.93 2.19
18 1,159 12.99 13.52 7.43 4.39 2.87 2.11
19 1,149 12.90 13.59 7.42 4.35 2.82 2.05
20 1,137 12.84 13.70 7.46 4.34 2.79 2.01
21 1,119 12.84 13.45 7.12 3.97 2.39 1.61
22 1,099 12.87 13.28 6.85 3.65 2.05 1.25
23 1,081 12.88 13.14 6.62 3.37 1.75 0.94
24 1,063 12.89 13.05 6.42 3.12 1.48 0.65
25 1,045 12.90 12.99 6.26 2.91 1.23 0.40
Surrender Charge
years 1 - 3 only
Band 1 Band 2 Band 3 Band 4 Band 5
100% Guaranteed Maturity Option
41.45 35.98 33.25 31.88 31.20
49.38 42.71 39.38 37.71 36.88
57.13 49.23 45.28 43.30 42.31
64.70 55.54 50.96 48.67 47.52
72.17 61.71 56.48 53.86 52.56
79.49 67.70 61.81 58.87 57.39
77.91 66.09 60.19 57.23 55.76
76.40 64.55 58.62 55.66 54.18
74.83 62.96 57.02 54.05 52.57
73.21 61.33 55.39 52.42 50.94
71.32 59.48 53.57 50.61 49.14
71.56 59.43 53.36 50.33 48.81
71.84 59.39 53.16 50.05 48.50
72.26 59.46 53.07 49.87 48.28
72.71 59.56 52.99 49.70 48.06
73.18 59.67 52.92 49.54 47.86
71.25 57.50 50.64 47.20 45.49
69.45 55.49 48.51 45.02 43.28
68.00 53.78 46.67 43.12 41.35
66.74 52.26 45.02 41.41 39.60
65.65 50.90 43.53 39.85 38.01
200% Guaranteed Maturity Option
41.83 35.95 33.02 31.56 30.83
49.81 42.65 39.10 37.33 36.44
57.66 49.21 45.01 42.91 41.86
65.36 55.59 50.73 48.30 47.08
72.89 61.79 56.25 53.47 52.09
80.20 67.72 61.49 58.38 56.82
78.85 66.32 60.07 56.94 55.37
77.28 64.74 58.48 55.35 53.78
75.65 63.12 56.85 53.72 52.16
73.97 61.46 55.20 52.08 50.51
72.01 59.57 53.36 50.25 48.70
72.29 59.54 53.17 49.99 48.40
72.60 59.53 53.01 49.74 48.11
73.07 59.65 52.94 49.59 47.92
73.44 59.67 52.80 49.36 47.65
73.97 59.83 52.76 49.23 47.47
71.98 57.62 50.45 46.87 45.08
70.37 55.77 48.47 44.83 43.00
68.86 54.02 46.61 42.90 41.05
67.54 52.46 44.93 41.16 39.28
66.40 51.06 43.40 39.58 37.66
Schedule B
Basic Policy Administration Charge
Policy Sum plus in all years Year Terms Assured 1-3 Band 1 Band 2 Band 3 Band 4 Band 5
100% Guaranteed Maturity Option
5 1,133 8.45 12.26 9.02 7.41 6.60 6.20
6 944 9.99 12.99 9.24 7.37 6.44 5.98
7 810 11.47 13.66 9.41 7.28 6.22 5.69
8 710 12.89 14.36 9.58 7.20 6.00 5.41
9 632 14.27 15.09 9.78 7.12 5.80 5.14
10 570 15.58 15.90 10.06 7.15 5.69 4.97
11 578 15.14 15.10 9.36 6.49 5.06 4.34
12 586 14.71 14.46 8.79 5.96 4.55 3.85
13 595 14.27 13.91 8.32 5.53 4.14 3.44
14 605 13.82 13.44 7.92 5.16 3.79 3.10
15 618 13.32 12.97 7.55 4.84 3.49 2.81
16 613 13.22 12.95 7.44 4.70 3.33 2.65
17 608 13.13 12.96 7.38 4.59 3.21 2.51
18 602 13.05 13.02 7.35 4.52 3.11 2.41
19 596 12.98 13.11 7.35 4.47 3.04 2.32
20 590 12.91 13.23 7.37 4.44 2.98 2.25
21 580 12.93 13.00 7.03 4.05 2.57 1.83
22 571 12.93 12.79 6.73 3.71 2.20 1.44
23 561 12.95 12.67 6.49 3.41 1.88 1.11
24 551 12.98 12.58 6.29 3.15 1.59 0.81
25 541 13.01 12.54 6.12 2.93 1.33 0.54
200% Guaranteed Maturity Option
5 2,185 8.39 13.45 8.88 6.66 5.59 5.06
6 1,821 9.92 14.09 9.05 6.65 5.47 4.88
7 1,561 11.40 14.70 9.22 6.62 5.31 4.66
8 1,367 12.83 15.33 9.47 6.61 5.19 4.47
9 1,217 14.19 16.02 9.75 6.65 5.09 4.31
10 1,099 15.48 16.82 10.06 6.70 5.01 4.17
11 1,111 15.09 15.95 9.39 6.12 4.48 3.67
12 1,127 14.65 15.20 8.82 5.64 4.05 3.25
13 1,145 14.20 14.58 8.35 5.24 3.69 2.92
14 1,165 13.75 14.04 7.95 4.92 3.40 2.64
15 1,191 13.24 13.51 7.58 4.62 3.15 2.41
16 1,181 13.15 13.47 7.49 4.51 3.03 2.28
17 1,171 13.06 13.46 7.44 4.43 2.93 2.19
18 1,159 12.99 13.52 7.43 4.39 2.87 2.11
19 1,149 12.90 13.59 7.42 4.35 2.82 2.05
20 1,137 12.84 13.70 7.46 4.34 2.79 2.01
21 1,119 12.84 13.45 7.12 3.97 2.39 1.61
22 1,099 12.87 13.28 6.85 3.65 2.05 1.25
23 1,081 12.88 13.14 6.62 3.37 1.75 0.94
24 1,063 12.89 13.05 6.42 3.12 1.48 0.65
25 1,045 12.90 12.99 6.26 2.91 1.23 0.40
Surrender Charge
years 1 - 3 only
Band 1 Band 2 Band 3 Band 4 Band 5
100% Guaranteed Maturity Option
41.45 35.98 33.25 31.88 31.20
49.38 42.71 39.38 37.71 36.88
57.13 49.23 45.28 43.30 42.31
64.70 55.54 50.96 48.67 47.52
72.17 61.71 56.48 53.86 52.56
79.49 67.70 61.81 58.87 57.39
77.91 66.09 60.19 57.23 55.76
76.40 64.55 58.62 55.66 54.18
74.83 62.96 57.02 54.05 52.57
73.21 61.33 55.39 52.42 50.94
71.32 59.48 53.57 50.61 49.14
71.56 59.43 53.36 50.33 48.81
71.84 59.39 53.16 50.05 48.50
72.26 59.46 53.07 49.87 48.28
72.71 59.56 52.99 49.70 48.06
73.18 59.67 52.92 49.54 47.86
71.25 57.50 50.64 47.20 45.49
69.45 55.49 48.51 45.02 43.28
68.00 53.78 46.67 43.12 41.35
66.74 52.26 45.02 41.41 39.60
65.65 50.90 43.53 39.85 38.01
200% Guaranteed Maturity Option
41.83 35.95 33.02 31.56 30.83
49.81 42.65 39.10 37.33 36.44
57.66 49.21 45.01 42.91 41.86
65.36 55.59 50.73 48.30 47.08
72.89 61.79 56.25 53.47 52.09
80.20 67.72 61.49 58.38 56.82
78.85 66.32 60.07 56.94 55.37
77.28 64.74 58.48 55.35 53.78
75.65 63.12 56.85 53.72 52.16
73.97 61.46 55.20 52.08 50.51
72.01 59.57 53.36 50.25 48.70
72.29 59.54 53.17 49.99 48.40
72.60 59.53 53.01 49.74 48.11
73.07 59.65 52.94 49.59 47.92
73.44 59.67 52.80 49.36 47.65
73.97 59.83 52.76 49.23 47.47
71.98 57.62 50.45 46.87 45.08
70.37 55.77 48.47 44.83 43.00
68.86 54.02 46.61 42.90 41.05
67.54 52.46 44.93 41.16 39.28
66.40 51.06 43.40 39.58 37.66
Schedule B
Basic Policy Administration ChargePolicy
Sum plus in all yearsYear TermsAssured 1-3 Band 1 Band 2 Band 3 Band 4 Band 5
300% Guaranteed Maturity Option
5 3,175 8.41 13.09 8.53 6.34 5.24 4.69
6 2,647 9.94 13.80 8.81 6.37 5.15 4.54
7 2,269 11.43 14.49 9.06 6.37 5.03 4.35
8 1,990 12.84 15.23 9.34 6.40 4.93 4.19
9 1,774 14.19 16.06 9.65 6.46 4.86 4.06
10 1,600 15.50 16.96 10.01 6.55 4.81 3.95
11 1,621 15.07 16.10 9.36 6.00 4.32 3.48
12 1,645 14.63 15.38 8.83 5.55 3.92 3.10
13 1,669 14.20 14.80 8.39 5.19 3.60 2.80
14 1,702 13.71 14.24 8.00 4.88 3.32 2.54
15 1,738 13.22 13.75 7.65 4.61 3.09 2.33
16 1,726 13.11 13.70 7.57 4.51 2.98 2.22
17 1,711 13.02 13.71 7.53 4.44 2.90 2.13
18 1,696 12.94 13.76 7.51 4.40 2.84 2.07
19 1,678 12.87 13.87 7.54 4.38 2.81 2.02
20 1,663 12.79 13.98 7.57 4.37 2.78 1.98
21 1,636 12.80 13.74 7.25 4.01 2.39 1.59
22 1,609 12.81 13.56 6.98 3.69 2.06 1.24
23 1,582 12.82 13.44 6.75 3.42 1.76 0.93
24 1,555 12.84 13.36 6.57 3.18 1.49 0.65
25 1,531 12.83 13.30 6.40 2.97 1.26 0.40
Basic Sum Assured is per 1000 of Guaranteed Maturity Benefit.
Policy Administration Charge- annual per 1000 of Basic Sum Assured.
Surrender Charge - rate per 1000 of Basic Sum Assured.
Schedule C
Mortality Charge – annual rate per 1000 of Basic and Enhanced Sum Assured
Male FemalePolicyTerm age 30 age 40 age 50 age 60 age 30 age 40 age 50 age 60
Mortality Charge
5 1.59 2.57 5.84 13.58 1.54 2.14 4.46 10.37
10 1.69 2.94 6.95 16.76 1.59 2.39 5.32 12.67
15 1.82 3.36 7.83 20.28 1.67 2.69 6.02 14.70
Surrender Charge
years 1 - 3 only
Band 1 Band 2 Band 3 Band 4 Band 5
300% Guaranteed Maturity Option
42.18 36.13 33.12 31.62 30.87
50.23 42.88 39.22 37.39 36.48
58.17 49.49 45.16 43.00 41.91
65.87 55.84 50.83 48.33 47.08
73.42 62.01 56.30 53.45 52.02
80.91 68.06 61.64 58.43 56.83
79.40 66.53 60.09 56.88 55.27
77.81 64.93 58.49 55.27 53.67
76.30 63.40 56.96 53.74 52.13
74.46 61.61 55.19 51.98 50.37
72.59 59.80 53.41 50.22 48.62
72.78 59.70 53.16 49.89 48.26
73.13 59.71 53.01 49.66 47.99
73.51 59.75 52.88 49.44 47.73
74.05 59.91 52.85 49.32 47.56
74.49 59.99 52.74 49.12 47.31
72.55 57.83 50.47 46.80 44.96
70.87 55.91 48.44 44.70 42.83
69.41 54.20 46.61 42.81 40.91
68.15 52.68 44.96 41.10 39.17
69.30 51.22 43.38 39.46 37.50
Schedule B
Basic Policy Administration ChargePolicy
Sum plus in all yearsYear TermsAssured 1-3 Band 1 Band 2 Band 3 Band 4 Band 5
300% Guaranteed Maturity Option
5 3,175 8.41 13.09 8.53 6.34 5.24 4.69
6 2,647 9.94 13.80 8.81 6.37 5.15 4.54
7 2,269 11.43 14.49 9.06 6.37 5.03 4.35
8 1,990 12.84 15.23 9.34 6.40 4.93 4.19
9 1,774 14.19 16.06 9.65 6.46 4.86 4.06
10 1,600 15.50 16.96 10.01 6.55 4.81 3.95
11 1,621 15.07 16.10 9.36 6.00 4.32 3.48
12 1,645 14.63 15.38 8.83 5.55 3.92 3.10
13 1,669 14.20 14.80 8.39 5.19 3.60 2.80
14 1,702 13.71 14.24 8.00 4.88 3.32 2.54
15 1,738 13.22 13.75 7.65 4.61 3.09 2.33
16 1,726 13.11 13.70 7.57 4.51 2.98 2.22
17 1,711 13.02 13.71 7.53 4.44 2.90 2.13
18 1,696 12.94 13.76 7.51 4.40 2.84 2.07
19 1,678 12.87 13.87 7.54 4.38 2.81 2.02
20 1,663 12.79 13.98 7.57 4.37 2.78 1.98
21 1,636 12.80 13.74 7.25 4.01 2.39 1.59
22 1,609 12.81 13.56 6.98 3.69 2.06 1.24
23 1,582 12.82 13.44 6.75 3.42 1.76 0.93
24 1,555 12.84 13.36 6.57 3.18 1.49 0.65
25 1,531 12.83 13.30 6.40 2.97 1.26 0.40
Basic Sum Assured is per 1000 of Guaranteed Maturity Benefit.
Policy Administration Charge- annual per 1000 of Basic Sum Assured.
Surrender Charge - rate per 1000 of Basic Sum Assured.
Schedule C
Mortality Charge – annual rate per 1000 of Basic and Enhanced Sum Assured
Male FemalePolicyTerm age 30 age 40 age 50 age 60 age 30 age 40 age 50 age 60
Mortality Charge
5 1.59 2.57 5.84 13.58 1.54 2.14 4.46 10.37
10 1.69 2.94 6.95 16.76 1.59 2.39 5.32 12.67
15 1.82 3.36 7.83 20.28 1.67 2.69 6.02 14.70
Surrender Charge
years 1 - 3 only
Band 1 Band 2 Band 3 Band 4 Band 5
300% Guaranteed Maturity Option
42.18 36.13 33.12 31.62 30.87
50.23 42.88 39.22 37.39 36.48
58.17 49.49 45.16 43.00 41.91
65.87 55.84 50.83 48.33 47.08
73.42 62.01 56.30 53.45 52.02
80.91 68.06 61.64 58.43 56.83
79.40 66.53 60.09 56.88 55.27
77.81 64.93 58.49 55.27 53.67
76.30 63.40 56.96 53.74 52.13
74.46 61.61 55.19 51.98 50.37
72.59 59.80 53.41 50.22 48.62
72.78 59.70 53.16 49.89 48.26
73.13 59.71 53.01 49.66 47.99
73.51 59.75 52.88 49.44 47.73
74.05 59.91 52.85 49.32 47.56
74.49 59.99 52.74 49.12 47.31
72.55 57.83 50.47 46.80 44.96
70.87 55.91 48.44 44.70 42.83
69.41 54.20 46.61 42.81 40.91
68.15 52.68 44.96 41.10 39.17
69.30 51.22 43.38 39.46 37.50
MORE INFORMATION
Accidental Death & Dismemberment Benefit Rider
Current Tax Benefits
Service Tax and other levies
30-Day Grace Period
You have the option to add this rider to your plan. It provides 100% of cover in case of
death due to accident; loss of more than one limb; loss of sight in both eyes; or loss
of one limb and loss of sight in one eye. It provides 50% of cover in case of loss of
one limb; or loss of sight in one eye.
You will be eligible for tax benefits under Section 80C and Section 10(10D) of the
Income Tax Act, 1961.
Service Tax and other levies, as applicable, will be levied as per the extant tax laws.
Should you be unable to pay the policy premium by the due date, you will be given a
grace period of 30 days during which time all insurance under your policy will continue.
�•
•
•
•
Under Section 80C, premiums up to Rs. 100,000 are allowed as a deduction from
your taxable income each year
Under Section 10(10D), the benefits you receive from this plan are exempt from
tax, subject to mentioned exclusions
During the first three policy years - Your policy will lapse if we do not receive the
entire policy premium by the end of the grace period. The insurance under your
policy will cease and your Fund Value will be held in suspense after deduction of
Surrender Charges. This net Fund Value will be paid out to you only at the end of
the third policy year or the end of the two-year revival period, whichever is later.
You can revive your policy within two-years from its lapse date (due date of unpaid
policy premium) by paying all outstanding policy premiums and providing us with
evidence of insurability satisfactory to us.
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.
After three completed policy years - If we do not receive the entire policy premium
by the end of the grace period, then you will be given a period of two years (starting
on the due date of the unpaid policy premium) to pay all outstanding premiums till
date. Your policy will continue during these two years, as well as all insurance
benefits and charges. At the end of this two-year period, we will give you the choice
to either surrender your policy or continue it without the payment of additional
policy premiums.
Your policy will, however, be deemed as surrendered should your Fund Value fall
below one annual policy premium.
TERMS & CONDITIONS
Unit Price
Suicide
Free-Look Period
Prohibition of Rebates - Section 41 of the Insurance Act, 1938
Non-Disclosure - Section 45 of the Insurance Act, 1938
On each business day and for each investment fund, we determine the unit price by
dividing the net asset value of the investment fund at the valuation time by the number
of units in existence for the investment fund in question. The net asset value of an
investment fund is the market value of the investments held by the fund plus current
assets (including accrued income net of Fund Management Charges) less current
liabilities (including accrued expenses) and provisions. We publish the unit prices of all
investment funds on our website www.birlasunlife.com as well as in the newspapers.
We will refund higher of Fund Value or policy premiums paid to date in the event the
life insured dies by suicide, whether medically sane or insane, within one year after
the issue or revival date, whichever is later.
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.
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 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 it was fraudulently made by the policyholder and that the
policyholder 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.
MORE INFORMATION
Accidental Death & Dismemberment Benefit Rider
Current Tax Benefits
Service Tax and other levies
30-Day Grace Period
You have the option to add this rider to your plan. It provides 100% of cover in case of
death due to accident; loss of more than one limb; loss of sight in both eyes; or loss
of one limb and loss of sight in one eye. It provides 50% of cover in case of loss of
one limb; or loss of sight in one eye.
You will be eligible for tax benefits under Section 80C and Section 10(10D) of the
Income Tax Act, 1961.
Service Tax and other levies, as applicable, will be levied as per the extant tax laws.
Should you be unable to pay the policy premium by the due date, you will be given a
grace period of 30 days during which time all insurance under your policy will continue.
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Under Section 80C, premiums up to Rs. 100,000 are allowed as a deduction from
your taxable income each year
Under Section 10(10D), the benefits you receive from this plan are exempt from
tax, subject to mentioned exclusions
During the first three policy years - Your policy will lapse if we do not receive the
entire policy premium by the end of the grace period. The insurance under your
policy will cease and your Fund Value will be held in suspense after deduction of
Surrender Charges. This net Fund Value will be paid out to you only at the end of
the third policy year or the end of the two-year revival period, whichever is later.
You can revive your policy within two-years from its lapse date (due date of unpaid
policy premium) by paying all outstanding policy premiums and providing us with
evidence of insurability satisfactory to us.
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.
After three completed policy years - If we do not receive the entire policy premium
by the end of the grace period, then you will be given a period of two years (starting
on the due date of the unpaid policy premium) to pay all outstanding premiums till
date. Your policy will continue during these two years, as well as all insurance
benefits and charges. At the end of this two-year period, we will give you the choice
to either surrender your policy or continue it without the payment of additional
policy premiums.
Your policy will, however, be deemed as surrendered should your Fund Value fall
below one annual policy premium.
TERMS & CONDITIONS
Unit Price
Suicide
Free-Look Period
Prohibition of Rebates - Section 41 of the Insurance Act, 1938
Non-Disclosure - Section 45 of the Insurance Act, 1938
On each business day and for each investment fund, we determine the unit price by
dividing the net asset value of the investment fund at the valuation time by the number
of units in existence for the investment fund in question. The net asset value of an
investment fund is the market value of the investments held by the fund plus current
assets (including accrued income net of Fund Management Charges) less current
liabilities (including accrued expenses) and provisions. We publish the unit prices of all
investment funds on our website www.birlasunlife.com as well as in the newspapers.
We will refund higher of Fund Value or policy premiums paid to date in the event the
life insured dies by suicide, whether medically sane or insane, within one year after
the issue or revival date, whichever is later.
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.
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 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 it was fraudulently made by the policyholder and that the
policyholder 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.
EXAMPLE
BIRLA SUN LIFE INSURANCE - A COMING TOGETHER OF VALUES
You can choose the guaranteed maturity value and option required to secure your
future based on your financial requirements. For example, you may require an
amount of Rs. 6 lacs for your son/daughter's admission/education in the desired
medical college at your age of 45 yrs. Therefore, the guaranteed maturity value would
be Rs. 6 lacs. The Dream plan will make this possible for you by letting you know
the premiums and the tenure for which you have to pay the premiums to achieve your
maturity amount.
Birla Sun Life Insurance Company Limited is a joint venture between The Aditya Birla
Group, one of the largest business houses in India and Sun Life Financial Inc.,
a leading international financial services organization. The local knowledge of the
Aditya Birla Group combined with the expertise of Sun Life Financial Inc., offers a
formidable protection for your future.
The Aditya Birla Group has a turnover of close to Rs. 119,000 crores, with a market stcapitalization of Rs. 133,875 crores (as on 31 March 2008). It has over 100,000
employees across all its units worldwide. It is led by its Chairman - Mr. Kumar Mangalam
Birla. Some of its key companies are Hindalco, Grasim and Aditya Birla Nuvo.
Sun Life Financial Inc. and its partners, have operations in key markets worldwide.
These include Canada, the United States, the United Kingdom, Hong Kong, the
Philippines, Japan, Indonesia, India, China and Bermuda. Sun Life Financial Inc. has stassets under management of over US$404.7 billion (as on 31 March, 2008). It is a
leading performer in the life insurance market in Canada.
Birla Sun Life Insurance (BSLI) has been operating for 9 years. It has contributed
significantly to the growth and development of the life insurance industry in India.
It pioneered the launch of Unit Linked Life Insurance plans amongst the private
players in India. It was the first player in the industry to sell its policies through the
Bancassurance route and through the Internet. It was the first private sector player
to introduce a Pure Term plan in the Indian market. BSLI has covered more than
2 million lives since it commenced operations and its customer base is spread
across more than 1500 towns and cities in India. The company has a capital base ofstRs. 1274.5 crores as on 31 March 2008.
EXAMPLE
BIRLA SUN LIFE INSURANCE - A COMING TOGETHER OF VALUES
You can choose the guaranteed maturity value and option required to secure your
future based on your financial requirements. For example, you may require an
amount of Rs. 6 lacs for your son/daughter's admission/education in the desired
medical college at your age of 45 yrs. Therefore, the guaranteed maturity value would
be Rs. 6 lacs. The Dream plan will make this possible for you by letting you know
the premiums and the tenure for which you have to pay the premiums to achieve your
maturity amount.
Birla Sun Life Insurance Company Limited is a joint venture between The Aditya Birla
Group, one of the largest business houses in India and Sun Life Financial Inc.,
a leading international financial services organization. The local knowledge of the
Aditya Birla Group combined with the expertise of Sun Life Financial Inc., offers a
formidable protection for your future.
The Aditya Birla Group has a turnover of close to Rs. 119,000 crores, with a market stcapitalization of Rs. 133,875 crores (as on 31 March 2008). It has over 100,000
employees across all its units worldwide. It is led by its Chairman - Mr. Kumar Mangalam
Birla. Some of its key companies are Hindalco, Grasim and Aditya Birla Nuvo.
Sun Life Financial Inc. and its partners, have operations in key markets worldwide.
These include Canada, the United States, the United Kingdom, Hong Kong, the
Philippines, Japan, Indonesia, India, China and Bermuda. Sun Life Financial Inc. has stassets under management of over US$404.7 billion (as on 31 March, 2008). It is a
leading performer in the life insurance market in Canada.
Birla Sun Life Insurance (BSLI) has been operating for 9 years. It has contributed
significantly to the growth and development of the life insurance industry in India.
It pioneered the launch of Unit Linked Life Insurance plans amongst the private
players in India. It was the first player in the industry to sell its policies through the
Bancassurance route and through the Internet. It was the first private sector player
to introduce a Pure Term plan in the Indian market. BSLI has covered more than
2 million lives since it commenced operations and its customer base is spread
across more than 1500 towns and cities in India. The company has a capital base ofstRs. 1274.5 crores as on 31 March 2008.
Entry Age Life Insured: 18 years – 60 years
Term 5 to 25 years (not more than 75 years less entry age)
Premium paying Regular Premiums can be paid yearly, half-yearly, quarterly or monthly frequency (for ECS only)
Addition of riders Accidental Death & Dismemberment Benefit (ADD)
Death Benefit The basic sum assured plus the enhanced sum assured plus the greater of Fund Value and Guaranteed Fund Value
Maturity Benefit On Maturity of the Policy the higher of following minimum Guaranteed & Settlement Payments or the Guaranteed Fund Value will be paid:
Option Guaranteed Payments 100% option 200% option 300% option
At maturity 1000 1000 1000
+ 1 Year --- 200 250
+ 2 Year --- 200 250
+ 3 Year --- 200 250
+ 4 Year --- 200 250
+ 5 Year --- 200 1000
Total 1000 2000 3000
Per 1000 of Guaranteed Maturity Benefit
Guaranteed Equals all premiums paid, less charges and guaranteed maturityFund Value benefit(s), accumulated at 3% per annum
Partial Allowed after 3 complete policy yearsWithdrawals
Investment Fund Protector, Builder, Enhancer
Tax Benefit Under Section 80C and 10 (10D) of income tax act, 1961.
RISK FACTORS & DISCLAIMERS
This policy is underwritten by Birla Sun Life Insurance Company Limited (BSLI). This is
a non-participating unit linked savings plan. Birla Sun Life Insurance, Dream Plan,
Protector, Builder and Enhancer are only the names of the Company, Policy and the
Investment Funds 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 the base policy only and do not include riders. The charges
mentioned above are applicable to all the three Investment Fund Options offered at
present. Only the Policy Administration Charge and Fund Management Charge can
be modified by the company subject to specified limits and approval of the IRDA.
The value of the Investment Fund reflects the value of the underlying investments.
These investments are subject to market risks and change in fundamentals such as
tax rates etc affecting the investment portfolio. The premium paid in Unit Linked
Life Insurance policies are subject to investment risk associated with capital markets
and the unit price of the units may go up or down based on the performance of
Investment Fund and factors influencing the capital market and the policy owner is
responsible for his/her decisions. There is no guarantee or assurance of returns
above the guaranteed returns from the Investment Funds. BSLI reserves the right to
recover levies such as the Service Tax levied by the authorities on insurance
transactions. If there be 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.
Entry Age Life Insured: 18 years – 60 years
Term 5 to 25 years (not more than 75 years less entry age)
Premium paying Regular Premiums can be paid yearly, half-yearly, quarterly or monthly frequency (for ECS only)
Addition of riders Accidental Death & Dismemberment Benefit (ADD)
Death Benefit The basic sum assured plus the enhanced sum assured plus the greater of Fund Value and Guaranteed Fund Value
Maturity Benefit On Maturity of the Policy the higher of following minimum Guaranteed & Settlement Payments or the Guaranteed Fund Value will be paid:
Option Guaranteed Payments 100% option 200% option 300% option
At maturity 1000 1000 1000
+ 1 Year --- 200 250
+ 2 Year --- 200 250
+ 3 Year --- 200 250
+ 4 Year --- 200 250
+ 5 Year --- 200 1000
Total 1000 2000 3000
Per 1000 of Guaranteed Maturity Benefit
Guaranteed Equals all premiums paid, less charges and guaranteed maturityFund Value benefit(s), accumulated at 3% per annum
Partial Allowed after 3 complete policy yearsWithdrawals
Investment Fund Protector, Builder, Enhancer
Tax Benefit Under Section 80C and 10 (10D) of income tax act, 1961.
RISK FACTORS & DISCLAIMERS
This policy is underwritten by Birla Sun Life Insurance Company Limited (BSLI). This is
a non-participating unit linked savings plan. Birla Sun Life Insurance, Dream Plan,
Protector, Builder and Enhancer are only the names of the Company, Policy and the
Investment Funds 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 the base policy only and do not include riders. The charges
mentioned above are applicable to all the three Investment Fund Options offered at
present. Only the Policy Administration Charge and Fund Management Charge can
be modified by the company subject to specified limits and approval of the IRDA.
The value of the Investment Fund reflects the value of the underlying investments.
These investments are subject to market risks and change in fundamentals such as
tax rates etc affecting the investment portfolio. The premium paid in Unit Linked
Life Insurance policies are subject to investment risk associated with capital markets
and the unit price of the units may go up or down based on the performance of
Investment Fund and factors influencing the capital market and the policy owner is
responsible for his/her decisions. There is no guarantee or assurance of returns
above the guaranteed returns from the Investment Funds. BSLI reserves the right to
recover levies such as the Service Tax levied by the authorities on insurance
transactions. If there be 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 ‘ALL’ 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.:109L025V01 ADV/03/08-09/3216 VER 8/SEPT/2009
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