Why shouldn't you have the freedom to
alter your retirement plan at any time?
Birla Sun Life Insurance
Secure 58
Call Toll-free: 1-800-270-7000 www.birlasunlife.com sms ‘ASSURE’ to 56161
Regd. Office: One IndiaBulls Centre, Tower 1, 15th & 16th Floor, Jupiter Mill Compound,
841, Senapati Bapat Marg, Elphinstoe Road, Mumbai 400 013. Reg. No. 109 Unique No.:
109N043V01 ADV / 04 /08-09 / 3291 VER 2/SEPT/ 2009
Guaranteed amount on vesting date
with flexibility to withdraw
ü
Guaranteed Vesting Benefit: The Guaranteed Vesting Benefit or GVB is the
amount you are guaranteed at the beginning if you pay your annual premium
regularly.
ü
Survival Benefit: Apart from the above guaranteed amount, BSLI Secure 58 Plan
offers you a chance to earn survival benefit – an amount of money which you may
earn at the end of every policy year from the 3rd year onwards. The survival benefit
can be withdrawn by you or can be use to pay the premium dues. At vesting, you
receive the accumulated survival benefit over and above your GVB. This is the
added advantage of Growth and Liquidity beyond GVB.
BSLI Secure 58 Plan is a great choice for your retired life as it has the mix of Security,
Growth and Liquidity. Not only does BSLI Secure 58 Plan allow your money to grow
safely, if the need arises, it allows you to access your accumulated survival benefit
in case of any emergency need.
BSLI SECURE 58 IS THE RIGHT PLAN FOR YOU IF YOU ARE:
• 18 to 80 years of age
• Looking to vest anytime between 10 years - 40 years from the entry age. Maximum
vesting age is 90 years
Your family comes first for you. As a responsible head of the family you must have
planned to successfully meet your family's needs, today and tomorrow. While you
perform your role as the provider of the family to perfection, have you ignored your
own future? Retirement is a reality and while on retirement your income stops, your
expenses don't. Do you have a plan?
When you retire, you may realize that you are vulnerable to one of the following risks:
ü
You may have to depend on someone else for your own expenses: While your
family is always there to take care of you, they have always looked up to you as the
provider. If you haven't planned for your retirement, you may find that you are now
financially dependent on them. This could be a very humiliating experience for
someone who has always been the source of income for his family.
ü
You may not have saved enough: With improving life expectancy, today you are
likely to have a retired life upto 15 years. Are your savings good enough to last for
45 years? Many times, your savings may not be in the right place or enough.
ü
You are not able to enjoy the Golden Years fully: Your retired life is when you
live for yourself. The Golden Years are the fruits of your labour. You have done
everything for your family, executed all your responsibilities honorably and now
deserve to enjoy every moment with your loved ones to the maximum. Having
not planned enough could mean worrying about your life and resources even
during retirement.
Birla Sun Life Insurance understands these risks and is happy to introduce BSLI
Secure 58 Plan, a traditional, non-participating pension plan, that offers unique
benefits to help you mitigate these risks.
Page 2
• You are looking to invest at least Rs. 9,600 per annum for retirement planning.
While there are no limits on the amount you can invest in this plan, you can choose
your annual base premiums only in multiples of Rs. 1,200 per annum over the
minimum premium of Rs. 9,600
IMPORTANT: YOUR OBLIGATION ON VESTING
As per the current Income Tax laws 2/3rds of the proceeds at vesting, called the
retirement corpus (GVB and Accumulated Survival Benefits) has to be necessarily
invested in an Annuity Plan while the balance can be withdrawn tax-free in the hand
of the policyholder.
An annuity plan provides you regular monthly income based on the amount of money
invested by you in the plan. If you wish to know more about which is the best annuity
plan for you, we encourage you to contact our financial advisor or us. We will be happy
to be of assistance.
PREMIUMS AND SURVIVAL BENEFIT BANDS
The Survival Benefit under BSLI Secure 58 Plan is linked to your annual base
premiums and is categorized in 3 bands, as follows:
Annual Premium
Band
Annual Base
Premium Range
Survival Benefit
Band 1
Rs. 9,600 - Rs. 18,000
Base Survival Benefit
Band 2
Rs. 19,200 - Rs. 37,200
5% extra over Base Survival Benefit
Band 3
Rs. 38,400 onwards
7% extra over Base Survival Benefit
Page 3
ü
Guaranteed Vesting Benefit: The Guaranteed Vesting Benefit or GVB is the
amount you are guaranteed at the beginning if you pay your annual premium
regularly.
ü
Survival Benefit: Apart from the above guaranteed amount, BSLI Secure 58 Plan
offers you a chance to earn survival benefit – an amount of money which you may
earn at the end of every policy year from the 3rd year onwards. The survival benefit
can be withdrawn by you or can be use to pay the premium dues. At vesting, you
receive the accumulated survival benefit over and above your GVB. This is the
added advantage of Growth and Liquidity beyond GVB.
BSLI Secure 58 Plan is a great choice for your retired life as it has the mix of Security,
Growth and Liquidity. Not only does BSLI Secure 58 Plan allow your money to grow
safely, if the need arises, it allows you to access your accumulated survival benefit
in case of any emergency need.
BSLI SECURE 58 IS THE RIGHT PLAN FOR YOU IF YOU ARE:
• 18 to 80 years of age
• Looking to vest anytime between 10 years - 40 years from the entry age. Maximum
vesting age is 90 years
Your family comes first for you. As a responsible head of the family you must have
planned to successfully meet your family's needs, today and tomorrow. While you
perform your role as the provider of the family to perfection, have you ignored your
own future? Retirement is a reality and while on retirement your income stops, your
expenses don't. Do you have a plan?
When you retire, you may realize that you are vulnerable to one of the following risks:
ü
You may have to depend on someone else for your own expenses: While your
family is always there to take care of you, they have always looked up to you as the
provider. If you haven't planned for your retirement, you may find that you are now
financially dependent on them. This could be a very humiliating experience for
someone who has always been the source of income for his family.
ü
You may not have saved enough: With improving life expectancy, today you are
likely to have a retired life upto 15 years. Are your savings good enough to last for
45 years? Many times, your savings may not be in the right place or enough.
ü
You are not able to enjoy the Golden Years fully: Your retired life is when you
live for yourself. The Golden Years are the fruits of your labour. You have done
everything for your family, executed all your responsibilities honorably and now
deserve to enjoy every moment with your loved ones to the maximum. Having
not planned enough could mean worrying about your life and resources even
during retirement.
Birla Sun Life Insurance understands these risks and is happy to introduce BSLI
Secure 58 Plan, a traditional, non-participating pension plan, that offers unique
benefits to help you mitigate these risks.
Page 2
• You are looking to invest at least Rs. 9,600 per annum for retirement planning.
While there are no limits on the amount you can invest in this plan, you can choose
your annual base premiums only in multiples of Rs. 1,200 per annum over the
minimum premium of Rs. 9,600
IMPORTANT: YOUR OBLIGATION ON VESTING
As per the current Income Tax laws 2/3rds of the proceeds at vesting, called the
retirement corpus (GVB and Accumulated Survival Benefits) has to be necessarily
invested in an Annuity Plan while the balance can be withdrawn tax-free in the hand
of the policyholder.
An annuity plan provides you regular monthly income based on the amount of money
invested by you in the plan. If you wish to know more about which is the best annuity
plan for you, we encourage you to contact our financial advisor or us. We will be happy
to be of assistance.
PREMIUMS AND SURVIVAL BENEFIT BANDS
The Survival Benefit under BSLI Secure 58 Plan is linked to your annual base
premiums and is categorized in 3 bands, as follows:
Annual Premium
Band
Annual Base
Premium Range
Survival Benefit
Band 1
Rs. 9,600 - Rs. 18,000
Base Survival Benefit
Band 2
Rs. 19,200 - Rs. 37,200
5% extra over Base Survival Benefit
Band 3
Rs. 38,400 onwards
7% extra over Base Survival Benefit
Page 3
Please note that you may choose to pay any premium in multiples of Rs. 1,200 per
annum over a minimum annual base premium of Rs. 9,600. You may also choose to
pay your premiums annually, half yearly, quarterly or monthly as per your convenience.
Your annual premium will be multiplied by 0.510, 0.258 or 0.087 in case you opt for
paying it half yearly, quarterly or monthly respectively.
Service Tax & Education Cess and any other applicable taxes will be added to your
premium and levied as per the extant tax laws.
GROWTH AND LIQUIDITY – THE POWER OF SURVIVAL BENEFITS
At the end of every policy year starting from 3rd year, you will earn a survival benefit
calculated on your base premiums paid till date multiplied by:
• 6.00% + 60% of any excess of the GSec rate over 7.50%; or
• 6.00% – 75% of any excess of the 7.50% over the GSec rate
At the beginning of each policy year, your policy will be assigned the latest GSec rate
declared by us and your year-end survival benefit will be based on this GSec rate,
irrespective of any change in interest rates during the policy year.
We will declare the GSec rate at the beginning of each calendar quarter (the 1st of
January, April, July and October) and it will equal the average of the daily 10-year
Constant Maturity Treasury annual yields, as calculated by Bloomberg, recorded over
the last calendar quarter.
Your survival benefit is therefore based on the prevailing 10-year Government of India
Security rate at the beginning of the policy year. You will enjoy 60% of any upside
interest movement and be protected on the downside by having your survival benefit
reduced by only 75% of the downside interest movement. For example:
GSec Rate
Downside/Upside Adjustment
Survival Benefit Rate
7.50%
—
6.00%
5.50%
– 75% x 2.00% = – 1.50%
4.50%
9.50%
+ 60% x 2.00% = + 1.20%
7.20%
Your survival benefit will be increased by 5% or 7% at higher premiums as per the
Survival Benefit Bands.
The survival benefit will be calculated at the end of every policy year and credited to
your policy's accumulated survival benefits. The accumulated survival benefits
balance is available for you to:
• Make cash withdrawals, subject to a minimum of Rs. 5,000
• Offset future premiums provided your accumulated survival benefits are higher
than your annual premium
Extant tax laws will be applicable on exercising any of these options.
Any accumulated survival benefits will be payable on vesting, surrender or death.
Page 4
Page 5
Please note that you may choose to pay any premium in multiples of Rs. 1,200 per
annum over a minimum annual base premium of Rs. 9,600. You may also choose to
pay your premiums annually, half yearly, quarterly or monthly as per your convenience.
Your annual premium will be multiplied by 0.510, 0.258 or 0.087 in case you opt for
paying it half yearly, quarterly or monthly respectively.
Service Tax & Education Cess and any other applicable taxes will be added to your
premium and levied as per the extant tax laws.
GROWTH AND LIQUIDITY – THE POWER OF SURVIVAL BENEFITS
At the end of every policy year starting from 3rd year, you will earn a survival benefit
calculated on your base premiums paid till date multiplied by:
• 6.00% + 60% of any excess of the GSec rate over 7.50%; or
• 6.00% – 75% of any excess of the 7.50% over the GSec rate
At the beginning of each policy year, your policy will be assigned the latest GSec rate
declared by us and your year-end survival benefit will be based on this GSec rate,
irrespective of any change in interest rates during the policy year.
We will declare the GSec rate at the beginning of each calendar quarter (the 1st of
January, April, July and October) and it will equal the average of the daily 10-year
Constant Maturity Treasury annual yields, as calculated by Bloomberg, recorded over
the last calendar quarter.
Your survival benefit is therefore based on the prevailing 10-year Government of India
Security rate at the beginning of the policy year. You will enjoy 60% of any upside
interest movement and be protected on the downside by having your survival benefit
reduced by only 75% of the downside interest movement. For example:
GSec Rate
Downside/Upside Adjustment
Survival Benefit Rate
7.50%
—
6.00%
5.50%
– 75% x 2.00% = – 1.50%
4.50%
9.50%
+ 60% x 2.00% = + 1.20%
7.20%
Your survival benefit will be increased by 5% or 7% at higher premiums as per the
Survival Benefit Bands.
The survival benefit will be calculated at the end of every policy year and credited to
your policy's accumulated survival benefits. The accumulated survival benefits
balance is available for you to:
• Make cash withdrawals, subject to a minimum of Rs. 5,000
• Offset future premiums provided your accumulated survival benefits are higher
than your annual premium
Extant tax laws will be applicable on exercising any of these options.
Any accumulated survival benefits will be payable on vesting, surrender or death.
Page 4
Page 5
teed
Guaranting
Ves it
Benef
• Surrender value (or the Guaranteed Vesting Benefit) at that time
YOUR PREMIUMS ASSURED - THE POWER
OF GUARANTEED VESTING BENEFIT
PLUS all accumulated survival benefits
The vesting date is the date you decide to end the accumulation phase and enter
the income phase. You have the freedom to vest at any time after the completion of
10 policy years.
On the vesting date, you will receive a retirement corpus equal to the Guaranteed
Vesting Benefit PLUS your accumulated survival benefits. The Guaranteed Vesting
Benefit (GVB) is linked to your age at entry and your accumulation phase. Please
refer to the table below for sample Guaranteed Vesting Benefit per Rs. 1,200 annual
base premium:
What are the other benefits of BSLI Secure 58 plan?
Apart from the Guaranteed Vesting Benefit, safe growth in savings and the benefit of
cash withdrawal, you have the following benefits too:
SURRENDER BENEFIT
In the unfortunate situation that you have to surrender your policy before completion
of 10 policy years, you will receive all base premiums paid by you multiplied by a
percentage as indicated below PLUS accumulated survival benefits.
Policy Year of Surrender
Entry Age
Accumulation Phase (years)
10
15
20
25
30
20
12,173
18,440
24,952
31,707
38,099
30
12,175
18,451
24,983
31,803
38,270
35
12,180
18,467
25,080
31,975
38,542
40
12,189
18,564
25,262
32,160
38,669
45
12,205
18,612
25,373
32,383
39,086
50
12,229
18,686
25,555
32,768
39,793
55
12,268
18,809
25,881
33,442
40,972
60
12,337
19,043
26,472
34,609
42,796
Annual Base
Premiums Paid
12,000
18,000
24,000
30,000
36,000
You may refer to our website or contact us for knowing an exact Guaranteed Vesting
Benefit at other combinations of your age and accumulation phase.
1-2
3
4
5
6
7
8
9
10
0%
40%
45%
50%
60%
70%
80%
90%
100%
Extant tax laws will be applicable.
There is a detailed illustration on the last page of the brochure which you may
refer for ease of understanding.
TAX BENEFIT
You will be eligible for tax benefits under Section 80CCC and Section 10 (10A) of the
Income Tax Act, 1961. Presently,
• Under Section 80CCC, premiums up to Rs. 100,000 are allowed as a deduction
from your taxable income each year
• Under Section 10 (10A), the tax benefits are on the commuted value of the benefits
on the vesting date, subject to mentioned exclusions
On the vesting date, your total savings amount or retirement corpus will be used to
purchase a regular income payable for the rest of your lifetime. You have the option to:
• Utilize this amount for buying a regular income from us as per our then available
products on your vesting date. You are free to choose the same from another life
insurer of your choice too
• Receive up to 1/3rd of the retirement corpus in a lump-sum and tax free (as per
the current Income Tax Act) and utilize the balance 2/3rd to receive a stream of
regular income
There is a detailed illustration on the last page of the brochure which you may refer for
ease of understanding.
SECURE YOUR FAMILY'S DREAMS
In the case of the unfortunate event of death of the life insured, we will pay your
nominee higher of :
• 75% of first year base premium and all renewal base premiums paid ; or
Page 6
Page 7
teed
Guaranting
Ves it
Benef
• Surrender value (or the Guaranteed Vesting Benefit) at that time
YOUR PREMIUMS ASSURED - THE POWER
OF GUARANTEED VESTING BENEFIT
PLUS all accumulated survival benefits
The vesting date is the date you decide to end the accumulation phase and enter
the income phase. You have the freedom to vest at any time after the completion of
10 policy years.
On the vesting date, you will receive a retirement corpus equal to the Guaranteed
Vesting Benefit PLUS your accumulated survival benefits. The Guaranteed Vesting
Benefit (GVB) is linked to your age at entry and your accumulation phase. Please
refer to the table below for sample Guaranteed Vesting Benefit per Rs. 1,200 annual
base premium:
What are the other benefits of BSLI Secure 58 plan?
Apart from the Guaranteed Vesting Benefit, safe growth in savings and the benefit of
cash withdrawal, you have the following benefits too:
SURRENDER BENEFIT
In the unfortunate situation that you have to surrender your policy before completion
of 10 policy years, you will receive all base premiums paid by you multiplied by a
percentage as indicated below PLUS accumulated survival benefits.
Policy Year of Surrender
Entry Age
Accumulation Phase (years)
10
15
20
25
30
20
12,173
18,440
24,952
31,707
38,099
30
12,175
18,451
24,983
31,803
38,270
35
12,180
18,467
25,080
31,975
38,542
40
12,189
18,564
25,262
32,160
38,669
45
12,205
18,612
25,373
32,383
39,086
50
12,229
18,686
25,555
32,768
39,793
55
12,268
18,809
25,881
33,442
40,972
60
12,337
19,043
26,472
34,609
42,796
Annual Base
Premiums Paid
12,000
18,000
24,000
30,000
36,000
You may refer to our website or contact us for knowing an exact Guaranteed Vesting
Benefit at other combinations of your age and accumulation phase.
1-2
3
4
5
6
7
8
9
10
0%
40%
45%
50%
60%
70%
80%
90%
100%
Extant tax laws will be applicable.
There is a detailed illustration on the last page of the brochure which you may
refer for ease of understanding.
TAX BENEFIT
You will be eligible for tax benefits under Section 80CCC and Section 10 (10A) of the
Income Tax Act, 1961. Presently,
• Under Section 80CCC, premiums up to Rs. 100,000 are allowed as a deduction
from your taxable income each year
• Under Section 10 (10A), the tax benefits are on the commuted value of the benefits
on the vesting date, subject to mentioned exclusions
On the vesting date, your total savings amount or retirement corpus will be used to
purchase a regular income payable for the rest of your lifetime. You have the option to:
• Utilize this amount for buying a regular income from us as per our then available
products on your vesting date. You are free to choose the same from another life
insurer of your choice too
• Receive up to 1/3rd of the retirement corpus in a lump-sum and tax free (as per
the current Income Tax Act) and utilize the balance 2/3rd to receive a stream of
regular income
There is a detailed illustration on the last page of the brochure which you may refer for
ease of understanding.
SECURE YOUR FAMILY'S DREAMS
In the case of the unfortunate event of death of the life insured, we will pay your
nominee higher of :
• 75% of first year base premium and all renewal base premiums paid ; or
Page 6
Page 7
OTHER QUESTIONS THAT YOU MAY HAVE
What will happen if, due to some reason, I am unable to pay my premium
on time?
If you are unable to pay the premium by the due date, you will be given a grace period
of 30 days during which time your policy will continue. If you do not pay your premium
within the grace period, the following will be applicable:
(a) In case your policy has not acquired a surrender benefit, then all benefits under
your policy will cease immediately
(b) In case your policy has acquired a surrender benefit, then your policy will be
continued on a paid-up basis
You can reinstate your policy for its full coverage within two-years from the due date
of the unpaid premium by paying all outstanding premiums together with interest as
declared by us from time to time.
What is the option that I have if in case I change my mind after buying
the policy?
You will have the right to return your policy to us within 15 days from the date of receipt
of the policy. We will refund all premiums paid till date once we receive your written
notice of cancellation (along with reasons thereof) together with the original policy
documents. Depending on our then current administration rules, we may reduce the
amount of the refund by expenditures incurred by us in issuing your policy and as
permitted by the IRDA and in accordance to IRDA (Protection of Policyholders'
Interest) Regulations, 2002.
Page 8
Page 9
OTHER QUESTIONS THAT YOU MAY HAVE
What will happen if, due to some reason, I am unable to pay my premium
on time?
If you are unable to pay the premium by the due date, you will be given a grace period
of 30 days during which time your policy will continue. If you do not pay your premium
within the grace period, the following will be applicable:
(a) In case your policy has not acquired a surrender benefit, then all benefits under
your policy will cease immediately
(b) In case your policy has acquired a surrender benefit, then your policy will be
continued on a paid-up basis
You can reinstate your policy for its full coverage within two-years from the due date
of the unpaid premium by paying all outstanding premiums together with interest as
declared by us from time to time.
What is the option that I have if in case I change my mind after buying
the policy?
You will have the right to return your policy to us within 15 days from the date of receipt
of the policy. We will refund all premiums paid till date once we receive your written
notice of cancellation (along with reasons thereof) together with the original policy
documents. Depending on our then current administration rules, we may reduce the
amount of the refund by expenditures incurred by us in issuing your policy and as
permitted by the IRDA and in accordance to IRDA (Protection of Policyholders'
Interest) Regulations, 2002.
Page 8
Page 9
TERMS AND CONDITIONS
• Prohibition of Rebates – Section 41 of the Insurance Act, 1938
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.
• Non-Disclosure – Section 45 of the Insurance Act, 1938
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.
Page 10
Page 11
TERMS AND CONDITIONS
• Prohibition of Rebates – Section 41 of the Insurance Act, 1938
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.
• Non-Disclosure – Section 45 of the Insurance Act, 1938
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.
Page 10
Page 11
BIRLA SUN LIFE INSURANCE
A COMING TOGETHER OF VALUES
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. 119000 crores, with a market
capitalization of Rs. 133875 crores (as on 31st 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
assets under management of over US $ 404.7 billion (as on 31st 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 of Rs. 1274.5
crores as on 31st March 2008.
Page 12
Page 13
BIRLA SUN LIFE INSURANCE
A COMING TOGETHER OF VALUES
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. 119000 crores, with a market
capitalization of Rs. 133875 crores (as on 31st 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
assets under management of over US $ 404.7 billion (as on 31st 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 of Rs. 1274.5
crores as on 31st March 2008.
Page 12
Page 13
For better understanding and clarity, you may refer to the details in
the following illustration:
For example, your annual base premium is Rs. 1200 for a 25 years accumulation
phase and your entry age is 35 years. Following Accumulated Survival Benefits will
emerge in different scenarios:
Illustration
Average 10-Year GSec Rate
Down Scenario
Base
Up Scenario
5.50%
7.50%
9.50%
Survival Benefit Payout Rate
4.50%
6.00%
7.20%
Survival Benefit Accumulation Rate
4.68%
6.38%
8.08%
In Rupees
Annual Guaranteed
Base
Surrender
Premium
Benefit
Ratio to Base Premiums paid to date
Non-Guaranteed
Accumulated Survival
Benefits
at 5.5%
at 7.5%
at 9.5%
Guaranteed
Surrender
Benefit
Total &
Non-Guaranteed
Surrender Benefit
at 5.5% at 7.5% at 9.5%
12,000
3,19,750
2,58,388 4,03,540 5,71,320
107%
193%
241%
297%
24,000
6,39,500
5,42,614 8,47,434 11,99,771
107%
197%
248%
307%
48,000
12,79,000
11,05,899 17,27,152 24,45,248
107%
199%
251%
310%
DISCLAIMERS
In Rupees
Policy
Year
1&2
3
Guaranteed
Surrender
Benefit
Ratio to Base Premiums paid to date
Non-Guaranteed
Accumulated Survival
Benefits
at 5.5% at 7.5% at 9.5%
Guaranteed
Surrender
Benefit
Total &
Non-Guaranteed
Surrender Benefit
at 5.5% at 7.5% at 9.5%
—
—
—
—
—
—
—
—
1,440
162
216
259
40%
45%
46%
47%
4
2,160
386
518
626
45%
53%
56%
58%
5
3,000
674
911
1,108
50%
61%
65%
68%
6
4,320
1,029
1,401
1,716
60%
74%
79%
84%
7
5,880
1,455
1,994
2,460
70%
87%
94%
99%
8
7,680
1,955
2,697
3,349
80%
100%
108%
115%
9
9,720
2,533
3,517
4,397
90%
113%
123%
131%
10
12,180
3,191
4,461
5,616
102%
128%
139%
148%
15
18,467
7,837
11,342
14,802
102%
146%
166%
185%
20
25,080
15,157
22,759
30,883
105%
168%
199%
233%
25
31,975
25,839
40,354
57,132
107%
193%
241%
297%
This policy is underwritten by Birla Sun Life Insurance Company Limited (BSLI). This is
a non-participating traditional pension plan. All terms & conditions are guaranteed
throughout the policy term except for the Survival Benefit which will vary based on the
prevailing yield on 10-year Government of India Securities. BSLI reserves the right to
recover levies such as the Service Tax and Education Cess levied by the authorities
on insurance transactions. If there be any additional levies, they too will be recovered
from you. This brochure contains only 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.
If the Annual Base Premium is:
• Band 2 – at least Rs. 19,200, then the Accumulated Survival Benefits are
5% higher than shown above
• Band 3 – at least Rs. 38,400, then the Accumulated Survival Benefits are
7% higher than shown above
At the end of 25 years (at maturity), the following amounts would be payable
for three Annual Base Premium levels:
• Annual Base Premium of Rs. 12,000 is 10 times above illustration
• Annual Base Premium of Rs. 24,000 is 20 times above illustration with
Accumulated Survival Benefits are 5% higher
• Annual Base Premium of Rs. 48,000 is 40 times above illustration with
Accumulated Survival Benefits are 7% higher
Illustration continued on the next page
Page 14
Page 15
For better understanding and clarity, you may refer to the details in
the following illustration:
For example, your annual base premium is Rs. 1200 for a 25 years accumulation
phase and your entry age is 35 years. Following Accumulated Survival Benefits will
emerge in different scenarios:
Illustration
Average 10-Year GSec Rate
Down Scenario
Base
Up Scenario
5.50%
7.50%
9.50%
Survival Benefit Payout Rate
4.50%
6.00%
7.20%
Survival Benefit Accumulation Rate
4.68%
6.38%
8.08%
In Rupees
Annual Guaranteed
Base
Surrender
Premium
Benefit
Ratio to Base Premiums paid to date
Non-Guaranteed
Accumulated Survival
Benefits
at 5.5%
at 7.5%
at 9.5%
Guaranteed
Surrender
Benefit
Total &
Non-Guaranteed
Surrender Benefit
at 5.5% at 7.5% at 9.5%
12,000
3,19,750
2,58,388 4,03,540 5,71,320
107%
193%
241%
297%
24,000
6,39,500
5,42,614 8,47,434 11,99,771
107%
197%
248%
307%
48,000
12,79,000
11,05,899 17,27,152 24,45,248
107%
199%
251%
310%
DISCLAIMERS
In Rupees
Policy
Year
1&2
3
Guaranteed
Surrender
Benefit
Ratio to Base Premiums paid to date
Non-Guaranteed
Accumulated Survival
Benefits
at 5.5% at 7.5% at 9.5%
Guaranteed
Surrender
Benefit
Total &
Non-Guaranteed
Surrender Benefit
at 5.5% at 7.5% at 9.5%
—
—
—
—
—
—
—
—
1,440
162
216
259
40%
45%
46%
47%
4
2,160
386
518
626
45%
53%
56%
58%
5
3,000
674
911
1,108
50%
61%
65%
68%
6
4,320
1,029
1,401
1,716
60%
74%
79%
84%
7
5,880
1,455
1,994
2,460
70%
87%
94%
99%
8
7,680
1,955
2,697
3,349
80%
100%
108%
115%
9
9,720
2,533
3,517
4,397
90%
113%
123%
131%
10
12,180
3,191
4,461
5,616
102%
128%
139%
148%
15
18,467
7,837
11,342
14,802
102%
146%
166%
185%
20
25,080
15,157
22,759
30,883
105%
168%
199%
233%
25
31,975
25,839
40,354
57,132
107%
193%
241%
297%
This policy is underwritten by Birla Sun Life Insurance Company Limited (BSLI). This is
a non-participating traditional pension plan. All terms & conditions are guaranteed
throughout the policy term except for the Survival Benefit which will vary based on the
prevailing yield on 10-year Government of India Securities. BSLI reserves the right to
recover levies such as the Service Tax and Education Cess levied by the authorities
on insurance transactions. If there be any additional levies, they too will be recovered
from you. This brochure contains only 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.
If the Annual Base Premium is:
• Band 2 – at least Rs. 19,200, then the Accumulated Survival Benefits are
5% higher than shown above
• Band 3 – at least Rs. 38,400, then the Accumulated Survival Benefits are
7% higher than shown above
At the end of 25 years (at maturity), the following amounts would be payable
for three Annual Base Premium levels:
• Annual Base Premium of Rs. 12,000 is 10 times above illustration
• Annual Base Premium of Rs. 24,000 is 20 times above illustration with
Accumulated Survival Benefits are 5% higher
• Annual Base Premium of Rs. 48,000 is 40 times above illustration with
Accumulated Survival Benefits are 7% higher
Illustration continued on the next page
Page 14
Page 15
Why shouldn't you have the freedom to
alter your retirement plan at any time?
Birla Sun Life Insurance
Secure 58
Call Toll-free: 1-800-270-7000 www.birlasunlife.com sms ‘ASSURE’ to 56161
Regd. Office: One Indiabulls Centre, Tower 1, 15th & 16th Floor, Jupiter Mill Compound,
841, Senapati Bapat Marg, Elphinston Road, Mumbai 400 013. Reg. No. 109 Unique No.:
109N043V01 ADV / 04 /08-09 / 3291 VER 2/SEPT/ 2009
Guaranteed amount on vesting date
with flexibility to withdraw