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Important: As per Finance Act 2016, from 01st June 2016, due to introduction of Krishi Kalyan Cess @ 0.5%, service tax rates has been revised . Consequently, for unit linked plans, the additional service tax will be deducted in the form of units. For non-linked plans, there will be an increase in the policy premium amount.   Click here  to know more.

In this policy, investment risk in investment portfolio is borne by the policyholder.
Linked insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to withdraw/Surrender the monies invested in Linked Insurance Products completely or partially till the end of the fifth year from inception.

Untitled Document Your benefits:

Guaranteed Additions- You are rewarded for policy continuance in the form of additional units.

Death benefit-

Classic Option–In the unfortunate event the life insured dies while the policy is in effect, we will pay to the nominee/policyholder the greater of
  • Basic Fund Value as on date of intimation of death;or
  • Basic Sum Assured
In addition we will also pay the greater of
  • Top-up Fund Value as on date of intimation of death, if any ; or
  • Top-up Sum Assured
However the minimum Basic Sum Assured payable on death after partial withdrawals shall never be less than Basic Premium multiplied by 10.

Death benefit shall never be less than 105% of total premiums paid to date (excluding service tax).

In case where the death of the Life Insured takes place prior to risk commencement date, only the basic premiums paid (excluding service tax, if any)shall be payable as the Death Benefit.


Assured Option–In the unfortunate event the life insured dies while the policy is in effect, we shall pay immediately to the nomineethe Basic Sum Assured plus Top-up Sum Assured, if any

Death benefit shall never be less than 105% of total premiums paid to date (excluding service tax)

The policy will not terminate once this death benefit is paid to the nomineeand it continues till policy maturity date. On continuation of the policy:
  • Risk cover ceases immediately.
  • Future installment premiums shall be paid by us when due to be paid.
  • und Value will remain invested in the segregated funds and investment option existing at the time of death of the Life Insured
  • Guaranteed Additions, when applicable shall be added to the Fund Value as and when due.
  • All policy charges shall be deducted as and when due, except mortality charge.
  • Top up premiums, partial withdrawals, surrenders, switch between investment options, segregated fund switch or any premium redirection by the nominee is not allowed.
  • Maturity benefit shall be paid to the nominee.

The Death Benefit shall always be determined as of the date we receive intimation of death of the Life Insured.

Maturity benefit - You will receive the Fund Value at maturity. You can choose to receive the maturity benefit as lumpsum or as periodic instalments over a period of 5 years from date of maturity through settlement option.

Surrender Benefit - In case of emergencies, you can surrender your policy to us anytime during the policy term.

For more details on the above mentioned benefits, please refer to the product brochure.

Disclaimer
This policy is underwritten by Birla Sun Life Insurance Company Limited (BSLI). This is a non-participating unit linked life insurance savings plan. Birla Sun Life Insurance and BSLI Wealth Aspire Plan are only the names of the Company and Policy respectively and do not in any way indicate their quality, future prospects or returns. The various funds offered in this plan do not in any indicate their quality, future prospects or returns. The charges are guaranteed throughout the term of the policy unless specifically mentioned and subject to IRDAI of India approval. The value of the segregated 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 segregated fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. There is no guarantee or assurance of returns above the guaranteed returns from the segregated funds. Service Tax and Education Cess and any other applicable taxes levied as per extant tax laws shall be deducted from the premium or from the allotted units as applicable. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives. The insurance cover for the life insured will commence on the policy issue date. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document the insurer. For more details on risk factors, terms and conditions please refer to the sales brochure before concluding the sale. Tax benefits are subject to changes in the tax laws. Insurance is the subject matter of solicitation. Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Registration no. 109 CIN: U99999MH2000PLC128110 UIN: 109L100V02 ADV/2/16-17/10686 VER2/FEB/2017
Unique No: 109L100V02
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For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale.

Trade Logo displayed above belongs to SUN LIFE ASSURANCE COMPANY OF CANADA and ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED and used by BIRLA SUN LIFE INSURANCE COMPANY LIMITED as per terms and conditions of license Agreement.

Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. CIN: U99999MH2000PLC128110 Registration No. 109.

BEWARE OF SUSPICIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI clarifies to the public that,
  • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with the details of the phone call.