- The document introduces the Birla Sun Life Insurance Foresight Plan, which allows policyholders to choose between a self-managed investment option or a guaranteed investment option.
- Under the self-managed option, policyholders can allocate their premiums across 10 investment funds ranging from debt to equity based on their risk appetite. Under the guaranteed option, premiums are invested in the Foresight fund and are guaranteed a minimum maturity benefit.
- The plan provides life insurance coverage as well as investment growth potential. At maturity, policyholders receive the fund value under the self-managed option or the higher of fund value or guaranteed minimum under the guaranteed option.
DGAINS Group is a global enterprise with diversified business interests including IT solutions, engineering, imports/exports, trading, marketing and direct selling. One of its divisions is D Health N Fame & D-ZONE International, which operates the DHNF business. DHNF sells 100% natural and organic personal care products through a direct selling model. Distributors can purchase products at a distributor price to use personally and resell, earning instant retail profit. The business plan includes income from building a binary team, spillover placements, consultancy income, and generation team bonuses based on group turnover points. Higher ranks provide additional rewards like cars and advisory roles. The goal is to share health, wealth, fun and fame globally through
This document discusses strategies for finding money to pay life insurance premiums in tough economic times. It outlines using funds from existing profit sharing plans and contributions, defined benefit plans, executive bonus plans, non-qualified deferred compensation, split dollar plans, IRA funds, existing funds in non-marital trusts, and charitable remainder trusts. It also discusses maximizing retirement income using whole life insurance.
The Blackstone Group is investing Rs225cr in Jagran Media Network Private Ltd, which will hold a majority share in Jagran Prakashan Ltd. After Blackstone's investment, Independent News & Media is expected to completely exit its stake in Jagran Prakashan. Jagran is evaluating inorganic growth opportunities, including acquiring Mid-day. Despite recent underperformance, analysts maintain a 'Buy' rating on Jagran Prakashan due to its dominant position in the Hindi market and growth potential.
Sbi mutual fund common application form equity with kimPrajna Capital
This document provides information on various equity schemes offered by SBI Mutual Fund, including scheme names, investment options, minimum investment amounts, risk factors, and investment strategies. It includes details of 14 specific equity schemes that vary in terms of focus areas like balanced, index, midcap, tax savings funds. The document also provides general guidelines around dividend policy, applicable NAVs, daily NAV publication, and tax treatment for investors in these equity funds.
This document provides an overview of risk management and discusses key concepts related to financial instruments. It begins by outlining fundamentals of financial instruments such as present and future value, maturity, duration, and convexity. It then discusses futures and forwards, defining them and comparing their key characteristics. The document outlines the mechanics of futures contracts including marking to market. It also examines theories for how future prices relate to expected future spot prices such as the expectations hypothesis, normal backwardation, and contango.
The document provides an overview of marketing concepts. It defines marketing as the activity of creating, communicating, delivering, and exchanging offerings of value for customers, partners and society. It describes four marketing management philosophies: production, sales, marketing and societal orientations. It discusses the differences between sales and market orientations, focusing on customer value and satisfaction. It also provides several reasons for studying marketing, including its importance to business and society as well as career opportunities.
This lecture covers fixed income markets and derivatives. Part 1 discusses fixed income markets, including an overview of bond types, pricing foundations, yield curves, and spot and forward rates. Part 2 covers fixed income derivatives, beginning with an in-depth explanation of forward rate agreements (FRAs), including their purpose, pricing, and important dates. Swaps and interest rate options are also briefly mentioned.
Sales promotions are used to create immediate sales by offering incentives to consumers or sales teams. They include tactics like coupons, samples, premiums, contests and trade discounts. The use of sales promotions has increased due to factors such as retailer power, less brand loyalty, and competitive pressures. The goals are to spur trial, defend current customers, target segments, and maintain trade support.
DGAINS Group is a global enterprise with diversified business interests including IT solutions, engineering, imports/exports, trading, marketing and direct selling. One of its divisions is D Health N Fame & D-ZONE International, which operates the DHNF business. DHNF sells 100% natural and organic personal care products through a direct selling model. Distributors can purchase products at a distributor price to use personally and resell, earning instant retail profit. The business plan includes income from building a binary team, spillover placements, consultancy income, and generation team bonuses based on group turnover points. Higher ranks provide additional rewards like cars and advisory roles. The goal is to share health, wealth, fun and fame globally through
This document discusses strategies for finding money to pay life insurance premiums in tough economic times. It outlines using funds from existing profit sharing plans and contributions, defined benefit plans, executive bonus plans, non-qualified deferred compensation, split dollar plans, IRA funds, existing funds in non-marital trusts, and charitable remainder trusts. It also discusses maximizing retirement income using whole life insurance.
The Blackstone Group is investing Rs225cr in Jagran Media Network Private Ltd, which will hold a majority share in Jagran Prakashan Ltd. After Blackstone's investment, Independent News & Media is expected to completely exit its stake in Jagran Prakashan. Jagran is evaluating inorganic growth opportunities, including acquiring Mid-day. Despite recent underperformance, analysts maintain a 'Buy' rating on Jagran Prakashan due to its dominant position in the Hindi market and growth potential.
Sbi mutual fund common application form equity with kimPrajna Capital
This document provides information on various equity schemes offered by SBI Mutual Fund, including scheme names, investment options, minimum investment amounts, risk factors, and investment strategies. It includes details of 14 specific equity schemes that vary in terms of focus areas like balanced, index, midcap, tax savings funds. The document also provides general guidelines around dividend policy, applicable NAVs, daily NAV publication, and tax treatment for investors in these equity funds.
This document provides an overview of risk management and discusses key concepts related to financial instruments. It begins by outlining fundamentals of financial instruments such as present and future value, maturity, duration, and convexity. It then discusses futures and forwards, defining them and comparing their key characteristics. The document outlines the mechanics of futures contracts including marking to market. It also examines theories for how future prices relate to expected future spot prices such as the expectations hypothesis, normal backwardation, and contango.
The document provides an overview of marketing concepts. It defines marketing as the activity of creating, communicating, delivering, and exchanging offerings of value for customers, partners and society. It describes four marketing management philosophies: production, sales, marketing and societal orientations. It discusses the differences between sales and market orientations, focusing on customer value and satisfaction. It also provides several reasons for studying marketing, including its importance to business and society as well as career opportunities.
This lecture covers fixed income markets and derivatives. Part 1 discusses fixed income markets, including an overview of bond types, pricing foundations, yield curves, and spot and forward rates. Part 2 covers fixed income derivatives, beginning with an in-depth explanation of forward rate agreements (FRAs), including their purpose, pricing, and important dates. Swaps and interest rate options are also briefly mentioned.
Sales promotions are used to create immediate sales by offering incentives to consumers or sales teams. They include tactics like coupons, samples, premiums, contests and trade discounts. The use of sales promotions has increased due to factors such as retailer power, less brand loyalty, and competitive pressures. The goals are to spur trial, defend current customers, target segments, and maintain trade support.
- The document is an advertisement for the Birla Sun Life Insurance Protector Plan, which provides life insurance that keeps pace with growing responsibilities.
- The plan offers two sum assured options - level, where the sum assured remains constant, or increasing, where the sum assured increases by 5% or 10% each year to keep up with rising needs.
- Premiums can be paid annually, semi-annually, quarterly or monthly, and premium amounts are reduced for women compared to men.
The document introduces the Birla Sun Life Insurance Protector Plan, a life insurance plan that allows the sum assured to keep pace with growing responsibilities. It offers the option to choose a level sum assured or an increasing sum assured of 5% or 10% annually without increased premiums. The plan provides complete financial protection for loved ones in case of death.
This document summarizes an investment plan from Birla Sun Life Insurance. The plan allows policyholders to plan for their family's future with control over their investment. Key features include choosing a savings date and premium amount, life cover, tax benefits, and investment flexibility through various funds. Investment risk lies with the policyholder.
This document summarizes an investment plan from Birla Sun Life Insurance. The plan allows policyholders to plan for their family's future with control over their investment. Key features include choosing a savings date and premium amount, life cover, tax benefits, and investment flexibility including multiple funds and switching options. The plan has both investment risks and potential returns depending on market performance.
The document discusses the Birla Sun Life Insurance Guaranteed Bachat Plan, which encourages regular saving with guaranteed returns and opportunities to earn more. Key features include:
- Guaranteed maturity benefit that is higher for younger ages and longer terms. At maturity, you receive this guaranteed amount plus any accumulated survival benefits.
- Survival benefits earned annually from year 3 onward that can be withdrawn or used to offset premiums. The rate is linked to G-Sec rates with partial protection on downside.
- Increasing life cover where the amount increases each year by the annual premium, providing greater protection over time.
- Options for early exit or preponing maturity with adjustments made to guaranteed
Band Range Benefit
The Birla Sun Life Insurance Guaranteed Bachat Plan encourages regular saving with guarantees and opportunities to earn more. It offers guaranteed returns at maturity plus survival benefits each year. The plan provides increasing life cover with each premium payment and an early exit option with reduced benefits. The plan is suitable for those aged 60 or younger looking to invest at least Rs. 3,600 annually for over 10 years.
The document describes the Birla Sun Life Insurance Money Back Plus plan which offers guaranteed maturity benefits, liquidity through annual survival benefits, and increasing safety through annual increases in insurance coverage amount. The plan allows policyholders to withdraw survival benefits as cash or use them to pay premiums. At maturity, the policyholder receives the guaranteed maturity benefit plus any accumulated survival benefits. The plan is suitable for individuals aged 30-60 looking for a long-term savings product with guarantees.
The document summarizes the Birla Sun Life Insurance Money Back Plus plan which offers guaranteed returns, liquidity, and an option to earn more. Specifically, it offers:
1) Growth and liquidity through survival benefits paid out annually from the 3rd year that can be withdrawn or used to pay premiums.
2) Assurance of receiving at minimum the guaranteed maturity benefit plus any survival benefits at maturity, where the guarantee is based on age and term.
3) Increasing safety through automatic increases in coverage by the annual premium amount each year.
The document describes the Birla Sun Life Insurance Money Back Plus plan, which offers:
1) Guaranteed maturity benefits along with annual survival benefits from year 3 onwards for liquidity and growth.
2) Survival benefits calculated as a percentage of premiums paid, linked to market interest rates. Policyholders enjoy upside interest movement but are protected from downside movement.
3) Option to prepone maturity after 10 years with deductions, or access funds via withdrawals or using benefits to pay premiums.
The document describes the Birla Sun Life Insurance Money Back Plus plan, which offers:
1) Guaranteed maturity benefits along with annual survival benefits from year 3 onwards for liquidity and growth.
2) Survival benefits calculated as a percentage of premiums paid, linked to market interest rates. Policyholders enjoy upside interest movement but are protected from downside movement.
3) Option to prepone maturity after 10 years with deductions, or access funds via withdrawals or using benefits to pay premiums.
The document discusses the Bharti AXA Life Bright Stars child plan which aims to provide financial security for a child's future goals. The key features include:
1. A life insurance benefit that pays a sum assured of 5-10 times the annual premium in case of death.
2. At maturity, the policyholder receives the policy fund value plus an additional 5% "jumpstart benefit" to help achieve future goals.
3. Policyholders can choose from 4 investment funds to invest premiums and switch funds over time based on risk appetite.
The Bharti AXA Life Bright Stars plan is a unit-linked child plan that provides life insurance protection and helps build wealth for important future goals like a child's education or marriage. At maturity, it offers the policy fund value as well as an additional lump sum "Jumpstart Benefit" equal to 5% of average monthly policy fund values. Policyholders can choose their premium amount and benefit period, select riders for additional protection, and invest their premiums across four investment funds depending on their risk tolerance and return expectations.
The document provides information on various child insurance plans offered by different insurance companies, including eligibility requirements, benefits, premium amounts, and additional features of traditional and unit-linked plans. Key details covered include plan types, riders, minimum and maximum entry ages, premium and sum assured ranges, maturity proceeds, and tax benefits. The plans aim to help parents save and secure their child's future financial needs and education.
This document summarizes the key benefits of the BSLI Foresight life insurance plan. The plan offers:
1) Limited premium payment of 5 years for a policy term of 10 years. Premiums can only be paid annually.
2) Choice of sum assured ranging from 10-30 times the basic annual premium depending on age.
3) Death benefit equals the sum assured plus fund value.
4) Unique benefits of investing in the BSLI Foresight fund including guarantees on NAV and locking in gains.
ULIPs provide investment for longer horizons with money invested according to IRDA regulations and require maintaining solvency margins. They offer multiple fund options under a single plan with no redemption pressure for 3 years and allow gains from switching funds without short-term capital gains. Mutual funds depend on daily market fluctuations and require overhauling portfolios often during bear markets. Short-term capital gains from mutual funds are taxable.
An endowment policy is a life insurance contract that pays out a lump sum amount either upon death of the policyholder or at the end of the specified term, if the policyholder is still alive. Traditional endowment policies provide a guaranteed sum assured, and may increase in value through bonuses added based on investment performance. Early withdrawals may be subject to a market value reduction if investment values have fallen. Endowment policies provide both life insurance protection for beneficiaries as well as savings for the policyholder.
This document describes several endowment insurance plans offered by an insurance provider. The plans include Jeevan Anand which provides life insurance coverage until death along with a sum assured and bonuses at the end of the premium term. Limited Payment Endowment with Profit allows limiting premium payments to a single payment or term shorter than the policy term. Jeevan Mitra provides a death benefit of double the basic sum assured along with accrued bonuses.
This document provides information about a fixed indexed annuity product. It discusses that a fixed indexed annuity is a contract between an individual and an insurance company where the individual provides a premium or money in return for guaranteed benefits from the insurance company. It guarantees minimum values, offers growth potential through indexed credits linked to market indexes, provides tax-deferred growth, and protection of the original premium from downside market risks. It also provides future income options such as lump sums or regular payments.
This document discusses the benefits of Prudential's LTC3SM Guaranteed Purchase Option (GPO) for long-term care insurance. It notes that purchasing a policy with GPO at ages 40 and 50 provides better benefits and lower premiums compared to purchasing at age 62. It provides an example showing how premiums and benefits would increase over time for a policy purchased at age 40 with GPO compared to purchasing at age 61. The document aims to help financial professionals explain to clients how GPO can protect their retirement plans by making long-term care insurance more affordable and comprehensive when purchased earlier.
Report sending mails to dealers for Accepted andsusanta subudhi
This document is a status report from Bajaj Auto Ltd regarding warranty claims settled and rejected between unspecified dates. It includes details of 8 accepted claims totaling 182 parts and resulting in a total value of 14,248.65. It also lists 2 rejected claims totaling 12 parts, providing reasons for rejection. Bajaj will issue a credit note to Manan Autolink Pvt Ltd for the total accepted claim amount.
This document summarizes a traditional non-participating endowment plan called the Birla Sun Life Insurance Bachat (Endowment) Plan. The key highlights are:
- It allows customers to save regularly from as little as Rs. 400 per month for 20 years.
- Customers receive their monthly premiums back after 20 years plus annual additions to their savings.
- In case of death, nominees receive the sum assured (up to 180 times the monthly premium) plus additions earned.
- Customers can double the sum assured in case of accidental death by paying an additional 1.2% of the monthly premium.
- The document is an advertisement for the Birla Sun Life Insurance Protector Plan, which provides life insurance that keeps pace with growing responsibilities.
- The plan offers two sum assured options - level, where the sum assured remains constant, or increasing, where the sum assured increases by 5% or 10% each year to keep up with rising needs.
- Premiums can be paid annually, semi-annually, quarterly or monthly, and premium amounts are reduced for women compared to men.
The document introduces the Birla Sun Life Insurance Protector Plan, a life insurance plan that allows the sum assured to keep pace with growing responsibilities. It offers the option to choose a level sum assured or an increasing sum assured of 5% or 10% annually without increased premiums. The plan provides complete financial protection for loved ones in case of death.
This document summarizes an investment plan from Birla Sun Life Insurance. The plan allows policyholders to plan for their family's future with control over their investment. Key features include choosing a savings date and premium amount, life cover, tax benefits, and investment flexibility through various funds. Investment risk lies with the policyholder.
This document summarizes an investment plan from Birla Sun Life Insurance. The plan allows policyholders to plan for their family's future with control over their investment. Key features include choosing a savings date and premium amount, life cover, tax benefits, and investment flexibility including multiple funds and switching options. The plan has both investment risks and potential returns depending on market performance.
The document discusses the Birla Sun Life Insurance Guaranteed Bachat Plan, which encourages regular saving with guaranteed returns and opportunities to earn more. Key features include:
- Guaranteed maturity benefit that is higher for younger ages and longer terms. At maturity, you receive this guaranteed amount plus any accumulated survival benefits.
- Survival benefits earned annually from year 3 onward that can be withdrawn or used to offset premiums. The rate is linked to G-Sec rates with partial protection on downside.
- Increasing life cover where the amount increases each year by the annual premium, providing greater protection over time.
- Options for early exit or preponing maturity with adjustments made to guaranteed
Band Range Benefit
The Birla Sun Life Insurance Guaranteed Bachat Plan encourages regular saving with guarantees and opportunities to earn more. It offers guaranteed returns at maturity plus survival benefits each year. The plan provides increasing life cover with each premium payment and an early exit option with reduced benefits. The plan is suitable for those aged 60 or younger looking to invest at least Rs. 3,600 annually for over 10 years.
The document describes the Birla Sun Life Insurance Money Back Plus plan which offers guaranteed maturity benefits, liquidity through annual survival benefits, and increasing safety through annual increases in insurance coverage amount. The plan allows policyholders to withdraw survival benefits as cash or use them to pay premiums. At maturity, the policyholder receives the guaranteed maturity benefit plus any accumulated survival benefits. The plan is suitable for individuals aged 30-60 looking for a long-term savings product with guarantees.
The document summarizes the Birla Sun Life Insurance Money Back Plus plan which offers guaranteed returns, liquidity, and an option to earn more. Specifically, it offers:
1) Growth and liquidity through survival benefits paid out annually from the 3rd year that can be withdrawn or used to pay premiums.
2) Assurance of receiving at minimum the guaranteed maturity benefit plus any survival benefits at maturity, where the guarantee is based on age and term.
3) Increasing safety through automatic increases in coverage by the annual premium amount each year.
The document describes the Birla Sun Life Insurance Money Back Plus plan, which offers:
1) Guaranteed maturity benefits along with annual survival benefits from year 3 onwards for liquidity and growth.
2) Survival benefits calculated as a percentage of premiums paid, linked to market interest rates. Policyholders enjoy upside interest movement but are protected from downside movement.
3) Option to prepone maturity after 10 years with deductions, or access funds via withdrawals or using benefits to pay premiums.
The document describes the Birla Sun Life Insurance Money Back Plus plan, which offers:
1) Guaranteed maturity benefits along with annual survival benefits from year 3 onwards for liquidity and growth.
2) Survival benefits calculated as a percentage of premiums paid, linked to market interest rates. Policyholders enjoy upside interest movement but are protected from downside movement.
3) Option to prepone maturity after 10 years with deductions, or access funds via withdrawals or using benefits to pay premiums.
The document discusses the Bharti AXA Life Bright Stars child plan which aims to provide financial security for a child's future goals. The key features include:
1. A life insurance benefit that pays a sum assured of 5-10 times the annual premium in case of death.
2. At maturity, the policyholder receives the policy fund value plus an additional 5% "jumpstart benefit" to help achieve future goals.
3. Policyholders can choose from 4 investment funds to invest premiums and switch funds over time based on risk appetite.
The Bharti AXA Life Bright Stars plan is a unit-linked child plan that provides life insurance protection and helps build wealth for important future goals like a child's education or marriage. At maturity, it offers the policy fund value as well as an additional lump sum "Jumpstart Benefit" equal to 5% of average monthly policy fund values. Policyholders can choose their premium amount and benefit period, select riders for additional protection, and invest their premiums across four investment funds depending on their risk tolerance and return expectations.
The document provides information on various child insurance plans offered by different insurance companies, including eligibility requirements, benefits, premium amounts, and additional features of traditional and unit-linked plans. Key details covered include plan types, riders, minimum and maximum entry ages, premium and sum assured ranges, maturity proceeds, and tax benefits. The plans aim to help parents save and secure their child's future financial needs and education.
This document summarizes the key benefits of the BSLI Foresight life insurance plan. The plan offers:
1) Limited premium payment of 5 years for a policy term of 10 years. Premiums can only be paid annually.
2) Choice of sum assured ranging from 10-30 times the basic annual premium depending on age.
3) Death benefit equals the sum assured plus fund value.
4) Unique benefits of investing in the BSLI Foresight fund including guarantees on NAV and locking in gains.
ULIPs provide investment for longer horizons with money invested according to IRDA regulations and require maintaining solvency margins. They offer multiple fund options under a single plan with no redemption pressure for 3 years and allow gains from switching funds without short-term capital gains. Mutual funds depend on daily market fluctuations and require overhauling portfolios often during bear markets. Short-term capital gains from mutual funds are taxable.
An endowment policy is a life insurance contract that pays out a lump sum amount either upon death of the policyholder or at the end of the specified term, if the policyholder is still alive. Traditional endowment policies provide a guaranteed sum assured, and may increase in value through bonuses added based on investment performance. Early withdrawals may be subject to a market value reduction if investment values have fallen. Endowment policies provide both life insurance protection for beneficiaries as well as savings for the policyholder.
This document describes several endowment insurance plans offered by an insurance provider. The plans include Jeevan Anand which provides life insurance coverage until death along with a sum assured and bonuses at the end of the premium term. Limited Payment Endowment with Profit allows limiting premium payments to a single payment or term shorter than the policy term. Jeevan Mitra provides a death benefit of double the basic sum assured along with accrued bonuses.
This document provides information about a fixed indexed annuity product. It discusses that a fixed indexed annuity is a contract between an individual and an insurance company where the individual provides a premium or money in return for guaranteed benefits from the insurance company. It guarantees minimum values, offers growth potential through indexed credits linked to market indexes, provides tax-deferred growth, and protection of the original premium from downside market risks. It also provides future income options such as lump sums or regular payments.
This document discusses the benefits of Prudential's LTC3SM Guaranteed Purchase Option (GPO) for long-term care insurance. It notes that purchasing a policy with GPO at ages 40 and 50 provides better benefits and lower premiums compared to purchasing at age 62. It provides an example showing how premiums and benefits would increase over time for a policy purchased at age 40 with GPO compared to purchasing at age 61. The document aims to help financial professionals explain to clients how GPO can protect their retirement plans by making long-term care insurance more affordable and comprehensive when purchased earlier.
Report sending mails to dealers for Accepted andsusanta subudhi
This document is a status report from Bajaj Auto Ltd regarding warranty claims settled and rejected between unspecified dates. It includes details of 8 accepted claims totaling 182 parts and resulting in a total value of 14,248.65. It also lists 2 rejected claims totaling 12 parts, providing reasons for rejection. Bajaj will issue a credit note to Manan Autolink Pvt Ltd for the total accepted claim amount.
This document summarizes a traditional non-participating endowment plan called the Birla Sun Life Insurance Bachat (Endowment) Plan. The key highlights are:
- It allows customers to save regularly from as little as Rs. 400 per month for 20 years.
- Customers receive their monthly premiums back after 20 years plus annual additions to their savings.
- In case of death, nominees receive the sum assured (up to 180 times the monthly premium) plus additions earned.
- Customers can double the sum assured in case of accidental death by paying an additional 1.2% of the monthly premium.
This document discusses the value of governance, risk, and compliance (GRC) initiatives for organizations. It notes that increased regulations, data security risks, and a competitive environment are driving organizations to better manage their data and risks through GRC programs. However, implementing GRC solutions can be challenging due to their technical nature and perceiving them only as reactive compliance tools. The document aims to show GRC as strategic, enterprise-wide initiatives that integrate compliance, risk management, and other business functions to provide long-term business advantages beyond just meeting regulations.
This document summarizes the key details of the Birla Sun Life Insurance Rainbow plan, a single premium life insurance savings plan. It offers guaranteed returns through regular monthly additions over a 5 or 10 year term. Policyholders also receive a loyalty benefit at maturity in addition to accrued savings. The plan provides assured returns, life cover, and tax benefits while ensuring peace of mind for policyholders.
This document provides details about Susanta Sundar Subudhi, including his professional experience and qualifications. Some key points:
- Susanta has over 8 years of experience in roles such as Team Leader, CEO, Sales Manager in various companies in the automotive and home appliances industries.
- He has expertise in transportation management software and leading sales teams to improve performance.
- Susanta's education includes a BTech degree and SAP certification. He is proficient in SAP SD modules and ERP systems.
- His technical skills include ERP packages, operating systems, and tools like MS Office and he has experience implementing SAP R3 projects.
- The document introduces the Birla Sun Life Insurance Foresight Plan, which allows policyholders to choose between a self-managed investment option or a guaranteed investment option.
- Under the self-managed option, policyholders can allocate their premiums across 10 investment funds ranging from debt to equity based on their risk appetite. Under the guaranteed option, premiums are invested in the Foresight fund and guaranteed a minimum maturity benefit.
- The plan provides life insurance coverage as well as investment growth potential. At maturity, policyholders receive the fund value under self-managed investments or the higher of fund value or guaranteed minimum under the guaranteed option.
This document summarizes the key features of the Birla Sun Life Insurance Rainbow plan, a single premium life insurance savings plan. It offers guaranteed returns through regular monthly additions over a 5 or 10 year term. Policyholders receive the maturity sum assured which includes all guaranteed monthly additions and a loyalty benefit at the end of the term. The plan provides life cover of 5 times the single premium as well as tax benefits.
Presentation1 of customer meet programe rectifysusanta subudhi
The document summarizes a customer meet program held by Manan Auto Link and Bajaj Auto Ltd on July 18, 2010 at the Vatva workshop branch in Ahmedabad, India. The event was sponsored by Bajaj Auto Ltd and Manan Autolink Pvt Ltd and included speeches from managers of both companies. Prizes were awarded to the first, second, third and fourth prize winners. Lunch was provided and sales promotions, such as reference check books, were discussed. The target of inviting 50 customers and distributing 50 check books was achieved, and 3 bookings were received for a new CNG vehicle. The event successfully created strong customer relationships and demonstrated the companies' commitment to customer care.
Report sending mails to dealers for Accepted andsusanta subudhi
This document is a status report from Bajaj Auto Ltd regarding warranty claims settled and rejected between unspecified dates. It includes details of 8 accepted claims totaling 182 parts and resulting in a total value of 14,248.65. It also lists 2 rejected claims totaling 12 parts, providing reasons for rejection. Bajaj will issue a credit note to Manan Autolink Pvt Ltd for the total accepted claim amount. Manan is requested to take corrective actions to minimize future claim rejections.
This document summarizes a traditional non-participating endowment plan called the Birla Sun Life Insurance Bachat (Endowment) Plan. The key highlights are:
- It allows customers to save regularly from as little as Rs. 400 per month over a period of 20 years.
- Customers receive their monthly premiums back after 20 years along with annual additions and a loyalty addition.
- It provides life insurance coverage of up to 180 times the monthly premium.
- Customers can choose to pay premiums annually, semi-annually, quarterly, or monthly and receive rebates for annual/semi-annual payments.
- The plan aims to help customers build a corpus through
- The document introduces the Birla Sun Life Insurance Foresight Plan, which allows policyholders to choose between a self-managed investment option or a guaranteed investment option.
- Under the self-managed option, policyholders can allocate their premiums across 10 investment funds ranging from debt to equity based on their risk appetite. Under the guaranteed option, premiums are invested in the Foresight fund and guaranteed a minimum maturity benefit.
- The plan provides life insurance coverage as well as investment growth potential. At maturity, policyholders receive the fund value under self-managed investments or the higher of fund value or guaranteed minimum under the guaranteed option.
This document discusses the value of governance, risk, and compliance (GRC) initiatives for organizations. It notes that increased regulations, data security risks, and a competitive environment are driving organizations to better manage their data and risks through GRC programs. However, implementing GRC solutions can be challenging due to their technical nature and perceiving them only as reactive compliance tools. The document aims to show GRC as strategic, enterprise-wide initiatives that integrate compliance, risk management, and other business functions to provide long-term business advantages beyond just meeting regulations.
This document summarizes the key features of the Birla Sun Life Insurance Rainbow plan, a single premium life insurance savings plan. It offers guaranteed returns through monthly additions over a 5 or 10 year term. Policyholders receive the maturity sum assured which includes all guaranteed monthly additions and a loyalty benefit at the end of the term. The plan provides life cover of 5 times the single premium as well as tax benefits.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
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Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
5 Tips for Creating Standard Financial ReportsEasyReports
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Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
The Universal Account Number (UAN) by EPFO centralizes multiple PF accounts, simplifying management for Indian employees. It streamlines PF transfers, withdrawals, and KYC updates, providing transparency and reducing employer dependency. Despite challenges like digital literacy and internet access, UAN is vital for financial empowerment and efficient provident fund management in today's digital age.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Bridging the gap: Online job postings, survey data and the assessment of job ...
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1. Smart investing is about
buying low and selling high
Now invest smartly and get life cover too
Birla Sun Life Insurance
Call: 1-800-270-7000 www.birlasunlife.com sms FORESIGHT to 56161
Foresight Plan
A Life Insurance Plan with unique guarantees
Regd. Office: One Indiabulls Centre, Tower 1, 15th & 16th Floor, Jupiter Mill Compound, 841, on investment
Senapati Bapat Marg, Elphinstone Road, Mumbai 400013. Reg. No.109 Unique No.: 109L069V01
ADV/2/10-11/4481 VER 3/Sept/2011
20 1
2. BSLI FORESIGHT PLAN AT A GLANCE
Entry Age (age last birthday) 8 to 60 years
Policy Term 10 years
Pay Option Single-Pay 5-Pay
Minimum Basic Premium Rs. 200,000 once Rs. 100,000 yearly
Minimum Basic Sum Assured (BSA)
For entry ages below 45 1.25 x Basic Premium 10 x Basic Premium
For entry ages 45 and above 1.10 x Basic Premium 7 x Basic Premium
STEP 1: Choose Basic Premium
• Single-Pay option - the entire Basic Premium is payable only once
• 5-Pay option - the entire Basic Premium is payable at the beginning of every
policy year for a period of 5 years
STEP 2: Choose Basic Sum Assured
• Single-Pay option - you can choose the minimum BSA or 5 x the Basic Premium
• 5-Pay option - you can choose 100, 150, 200, 250 or 300% the minimum BSA
STEP 3: Choose Investment Option
• Self-Managed Option - you decide how to invest your money in our universe
of funds. We offer presently 10 different investment funds - Income Advantage,
Assure, Protector, Builder, Enhancer, Creator, Magnifier, Maximiser, Multiplier
and Super 20. These investment funds range from 100% debt to 100% equity to
cater to your individual needs and risk appetite
• Guaranteed Option - you invest your money in the Foresight fund assigned to
In this policy, investment risk in investment portfolio is borne by the policyholder.
your policy when it is issued and, at maturity, your investment will be safeguarded
by our unique Guaranteed Minimum Maturity Benefit
INTRODUCING BSLI FORESIGHT PLAN
BEFORE YOU READ ANY FURTHER
In doing your financial planning, you will seek the perfect plan to protect your loved ones and to
accumulate and safeguard your wealth. Presenting BSLI Foresight Plan, the perfect insurance
BSLI Foresight Plan is a non-participating unit-linked life insurance plan. All unit-linked life
cum investment plan just for you.
insurance plans are different from traditional insurance plans and are subject to different risk
BSLI Foresight Plan allows you to choose your life cover to suit your particular insurance needs. factors. The name of this plan and that of the investment funds do not in any way indicate the
quality of the plan or future returns.
BSLI Foresight Plan allows you to build your own universe of investments through the Self-
Managed Option and thus diversify your risk according to your own personal preferences. In this plan, the investment risk in the investment funds chosen by you is borne by you.
Alternatively, BSLI Foresight Plan with its Guaranteed Option, allows you to optimise your Investment funds are subject to investment risks and unit prices may go up or down reflecting
participation in capital markets while safeguarding your investment and any gains thereon. the market value of the underlying assets. Past performance is no guarantee of future results.
2 3
3. BSLI FORESIGHT PLAN AT A GLANCE
Entry Age (age last birthday) 8 to 60 years
Policy Term 10 years
Pay Option Single-Pay 5-Pay
Minimum Basic Premium Rs. 200,000 once Rs. 100,000 yearly
Minimum Basic Sum Assured (BSA)
For entry ages below 45 1.25 x Basic Premium 10 x Basic Premium
For entry ages 45 and above 1.10 x Basic Premium 7 x Basic Premium
STEP 1: Choose Basic Premium
• Single-Pay option - the entire Basic Premium is payable only once
• 5-Pay option - the entire Basic Premium is payable at the beginning of every
policy year for a period of 5 years
STEP 2: Choose Basic Sum Assured
• Single-Pay option - you can choose the minimum BSA or 5 x the Basic Premium
• 5-Pay option - you can choose 100, 150, 200, 250 or 300% the minimum BSA
STEP 3: Choose Investment Option
• Self-Managed Option - you decide how to invest your money in our universe
of funds. We offer presently 10 different investment funds - Income Advantage,
Assure, Protector, Builder, Enhancer, Creator, Magnifier, Maximiser, Multiplier
and Super 20. These investment funds range from 100% debt to 100% equity to
cater to your individual needs and risk appetite
• Guaranteed Option - you invest your money in the Foresight fund assigned to
In this policy, investment risk in investment portfolio is borne by the policyholder.
your policy when it is issued and, at maturity, your investment will be safeguarded
by our unique Guaranteed Minimum Maturity Benefit
INTRODUCING BSLI FORESIGHT PLAN
BEFORE YOU READ ANY FURTHER
In doing your financial planning, you will seek the perfect plan to protect your loved ones and to
accumulate and safeguard your wealth. Presenting BSLI Foresight Plan, the perfect insurance
BSLI Foresight Plan is a non-participating unit-linked life insurance plan. All unit-linked life
cum investment plan just for you.
insurance plans are different from traditional insurance plans and are subject to different risk
BSLI Foresight Plan allows you to choose your life cover to suit your particular insurance needs. factors. The name of this plan and that of the investment funds do not in any way indicate the
quality of the plan or future returns.
BSLI Foresight Plan allows you to build your own universe of investments through the Self-
Managed Option and thus diversify your risk according to your own personal preferences. In this plan, the investment risk in the investment funds chosen by you is borne by you.
Alternatively, BSLI Foresight Plan with its Guaranteed Option, allows you to optimise your Investment funds are subject to investment risks and unit prices may go up or down reflecting
participation in capital markets while safeguarding your investment and any gains thereon. the market value of the underlying assets. Past performance is no guarantee of future results.
2 3
4. Policy Surrender
YOUR PREMIUM AND NET INVESTED PREMIUM
In case of emergencies, you can surrender your policy to us after the completion of five policy
Under the Single-Pay option, your premium is payable only once at policy inception. Under years and receive the Fund Value at that time, plus a refund of mortality charges for the
the 5-Pay option, your premium is payable at the beginning of every policy year for a period of remaining term to maturity.
5 years. Please ask your financial advisor for details about the range of convenient payment
methods we offer. YOUR BENEFITS
From the premium paid by you, we shall deduct:
Maturity Benefit
- the premium allocation charge;
You will receive the Fund Value at maturity, if you are invested in the Self-Managed Option at
- the mortality charge for the Basic Sum Assured chosen by you
that time.
The residual amount, referred to as the Net Invested Premium (or NIP), shall then be used to
You will receive the higher of the Guaranteed Minimum Maturity Benefit or the Fund Value at
purchase units in the various investment fund/s offered under this plan and as chosen by you.
maturity, if you are invested in the Guaranteed Option at that time.
The units purchased in a particular investment fund will be the monetary amount allocated to
the investment fund divided by its then prevailing unit price. We shall not redeem any units from Death Benefit
your investment fund/s unless requested by you.
Upon the unfortunate demise of the life insured prior to maturity, we shall pay to the nominee
the Basic Sum Assured plus the Fund Value as of the date of intimation of death.
TRACKING AND MONITORING YOUR INVESTMENTS
THE FUND VALUE The death benefit shall never be less than 105% of total premiums paid to date (excluding any
applicable underwriting extras) less any previous partial withdrawals.
Fund Value
The Fund Value represents the total value of your investments to date and is the balance of all
YOUR INVESTMENT CHOICES
units allocated to your policy multiplied by their respective then prevailing unit price.
Under BSLI Foresight Plan, you decide how to invest your Net Invested Premiums (or NIPs)
Monitoring Your Investments through the Self-Managed Option or the Guaranteed Option.
You can monitor your investments At the inception of the policy, you must choose between the Self-Managed Option and the
- On our website (www.birlasunlife.com) with your CPIN and TPIN number; Guaranteed Option. At any time throughout the policy term, you have the freedom to switch
from the Guaranteed Option to the Self-Managed Option but not vice-versa. If you decide to
- Through the semi-annual statement detailing the number of units you have in each
switch from the Guaranteed Option to the Self-Managed Option, your Guaranteed Minimum
investment fund and their respective then prevailing unit price; and
Maturity Benefit will no longer apply and all future NIPs can then only be allocated to the
- Through the published unit prices of all investment funds on our website as well as in investment funds in the Self-Managed Option.
the newspapers
Self-Managed Option
Partial Withdrawals
In this investment option, you decide how to invest your NIPs. We offer 10 investment funds
You are allowed to make unlimited partial withdrawals any time after (a) five complete policy ranging from 100% debt to 100% equity to suit your particular needs and risk appetite -
years or (b) life insured attaining the age of 18, whichever is later. The minimum amount of
Income Advantage, Assure, Protector, Builder, Enhancer, Creator, Magnifier, Maximiser,
partial withdrawal is Rs. 5,000. There is no maximum limit, but you are required to maintain a
Multiplier and Super 20.
minimum Fund Value equal to Rs. 25,000.
4 5
5. Policy Surrender
YOUR PREMIUM AND NET INVESTED PREMIUM
In case of emergencies, you can surrender your policy to us after the completion of five policy
Under the Single-Pay option, your premium is payable only once at policy inception. Under years and receive the Fund Value at that time, plus a refund of mortality charges for the
the 5-Pay option, your premium is payable at the beginning of every policy year for a period of remaining term to maturity.
5 years. Please ask your financial advisor for details about the range of convenient payment
methods we offer. YOUR BENEFITS
From the premium paid by you, we shall deduct:
Maturity Benefit
- the premium allocation charge;
You will receive the Fund Value at maturity, if you are invested in the Self-Managed Option at
- the mortality charge for the Basic Sum Assured chosen by you
that time.
The residual amount, referred to as the Net Invested Premium (or NIP), shall then be used to
You will receive the higher of the Guaranteed Minimum Maturity Benefit or the Fund Value at
purchase units in the various investment fund/s offered under this plan and as chosen by you.
maturity, if you are invested in the Guaranteed Option at that time.
The units purchased in a particular investment fund will be the monetary amount allocated to
the investment fund divided by its then prevailing unit price. We shall not redeem any units from Death Benefit
your investment fund/s unless requested by you.
Upon the unfortunate demise of the life insured prior to maturity, we shall pay to the nominee
the Basic Sum Assured plus the Fund Value as of the date of intimation of death.
TRACKING AND MONITORING YOUR INVESTMENTS
THE FUND VALUE The death benefit shall never be less than 105% of total premiums paid to date (excluding any
applicable underwriting extras) less any previous partial withdrawals.
Fund Value
The Fund Value represents the total value of your investments to date and is the balance of all
YOUR INVESTMENT CHOICES
units allocated to your policy multiplied by their respective then prevailing unit price.
Under BSLI Foresight Plan, you decide how to invest your Net Invested Premiums (or NIPs)
Monitoring Your Investments through the Self-Managed Option or the Guaranteed Option.
You can monitor your investments At the inception of the policy, you must choose between the Self-Managed Option and the
- On our website (www.birlasunlife.com) with your CPIN and TPIN number; Guaranteed Option. At any time throughout the policy term, you have the freedom to switch
from the Guaranteed Option to the Self-Managed Option but not vice-versa. If you decide to
- Through the semi-annual statement detailing the number of units you have in each
switch from the Guaranteed Option to the Self-Managed Option, your Guaranteed Minimum
investment fund and their respective then prevailing unit price; and
Maturity Benefit will no longer apply and all future NIPs can then only be allocated to the
- Through the published unit prices of all investment funds on our website as well as in investment funds in the Self-Managed Option.
the newspapers
Self-Managed Option
Partial Withdrawals
In this investment option, you decide how to invest your NIPs. We offer 10 investment funds
You are allowed to make unlimited partial withdrawals any time after (a) five complete policy ranging from 100% debt to 100% equity to suit your particular needs and risk appetite -
years or (b) life insured attaining the age of 18, whichever is later. The minimum amount of
Income Advantage, Assure, Protector, Builder, Enhancer, Creator, Magnifier, Maximiser,
partial withdrawal is Rs. 5,000. There is no maximum limit, but you are required to maintain a
Multiplier and Super 20.
minimum Fund Value equal to Rs. 25,000.
4 5
6. If you wish to diversify your risk, you can choose to allocate your NIP in varying proportions For the purpose of the Guaranteed Minimum Maturity Benefit, each Net Invested Premium
amongst the 10 investment funds. We record your allocation instructions as per the (or NIP) is tracked separately and each has its own value (NIP Value) and guarantee
premium allocation percentages specified in the application form. Our only requirement is (NIP Guaranteed Value). To help you understand the Guaranteed Minimum Maturity Benefit,
that the percentage allocated to any investment fund be in increments of 5%, ranging from an example is used throughout this section. Please note that the example is only for illustrative
5% to 100%. purposes and does not in any way indicate the quality of the investment fund or its future
prospects or returns.
Our wide range of funds gives you the flexibility to redirect future premiums and change your
premium allocation percentages applicable to NIPs paid from that point onwards. Also you can The NIP Value represents the current value of a particular NIP invested in this plan. The NIP
switch monies from one investment fund to another at any time provided the switched amount Value on any day is the NIP itself multiplied by the ratio of (i) the current unit price over (ii) the
is for at least Rs. 5,000. Switches must however be within the investment funds offered under unit price used when the NIP was paid to purchase the units in the Foresight fund.
the Self-Managed Option.
Example: NIP of 100,000 is invested using a unit price of 10 to purchase units in the
Guaranteed Option Foresight fund.
In this investment option, all your NIPs will be invested in the Foresight fund assigned to • If the current unit price is 12, the NIP Value is 100,000 x 12 / 10 = 120,000
your policy when it is issued. The Foresight fund is our latest and new generation investment
• If the current unit price is 8, the NIP Value is 100,000 x 8 / 10 = 80,000
fund with a Guaranteed Minimum Maturity Benefit employing proprietary and sophisticated
investment techniques to optimize your participation in the equity markets while safeguarding The NIP Guaranteed Value represents the minimum value we guarantee at maturity on a
your investments. particular NIP.
BSLI Foresight Plan, with its Guaranteed Option, gives you the benefit of not only protecting
the NIP itself but also the benefit of locking in the highest gains thereon achieved during the
first 7 policy years. This is accomplished with the NIP Guaranteed Value being equal to the
highest NIP Value recorded on a daily basis over the first 7 policy years.
Example: NIP of 100,000 had its NIP Value peak at 200,000 on a particular day during the
first 7 policy years. The NIP Guaranteed Value is 200,000.
For your entire policy, the Fund Value is the sum of all your NIP Values as of date. Your
Guaranteed Minimum Maturity Benefit is similarly defined as the sum of all your NIP
Guaranteed Values. At maturity and provided you remain invested in the Guaranteed Option,
you will receive the Fund Value or the Guaranteed Minimum Maturity Benefit, whichever
is higher.
Note that your Guaranteed Minimum Maturity Benefit shall be reduced proportionately in
case you take a partial withdrawal at any time after completing 5 policy years. For example,
if you withdraw 20% of your Fund Value on a particular day, then each of your NIP Guaranteed
Values (and thus your Guaranteed Minimum Maturity Benefit) will also be reduced by 20%
on that date.
6 7
7. If you wish to diversify your risk, you can choose to allocate your NIP in varying proportions For the purpose of the Guaranteed Minimum Maturity Benefit, each Net Invested Premium
amongst the 10 investment funds. We record your allocation instructions as per the (or NIP) is tracked separately and each has its own value (NIP Value) and guarantee
premium allocation percentages specified in the application form. Our only requirement is (NIP Guaranteed Value). To help you understand the Guaranteed Minimum Maturity Benefit,
that the percentage allocated to any investment fund be in increments of 5%, ranging from an example is used throughout this section. Please note that the example is only for illustrative
5% to 100%. purposes and does not in any way indicate the quality of the investment fund or its future
prospects or returns.
Our wide range of funds gives you the flexibility to redirect future premiums and change your
premium allocation percentages applicable to NIPs paid from that point onwards. Also you can The NIP Value represents the current value of a particular NIP invested in this plan. The NIP
switch monies from one investment fund to another at any time provided the switched amount Value on any day is the NIP itself multiplied by the ratio of (i) the current unit price over (ii) the
is for at least Rs. 5,000. Switches must however be within the investment funds offered under unit price used when the NIP was paid to purchase the units in the Foresight fund.
the Self-Managed Option.
Example: NIP of 100,000 is invested using a unit price of 10 to purchase units in the
Guaranteed Option Foresight fund.
In this investment option, all your NIPs will be invested in the Foresight fund assigned to • If the current unit price is 12, the NIP Value is 100,000 x 12 / 10 = 120,000
your policy when it is issued. The Foresight fund is our latest and new generation investment
• If the current unit price is 8, the NIP Value is 100,000 x 8 / 10 = 80,000
fund with a Guaranteed Minimum Maturity Benefit employing proprietary and sophisticated
investment techniques to optimize your participation in the equity markets while safeguarding The NIP Guaranteed Value represents the minimum value we guarantee at maturity on a
your investments. particular NIP.
BSLI Foresight Plan, with its Guaranteed Option, gives you the benefit of not only protecting
the NIP itself but also the benefit of locking in the highest gains thereon achieved during the
first 7 policy years. This is accomplished with the NIP Guaranteed Value being equal to the
highest NIP Value recorded on a daily basis over the first 7 policy years.
Example: NIP of 100,000 had its NIP Value peak at 200,000 on a particular day during the
first 7 policy years. The NIP Guaranteed Value is 200,000.
For your entire policy, the Fund Value is the sum of all your NIP Values as of date. Your
Guaranteed Minimum Maturity Benefit is similarly defined as the sum of all your NIP
Guaranteed Values. At maturity and provided you remain invested in the Guaranteed Option,
you will receive the Fund Value or the Guaranteed Minimum Maturity Benefit, whichever
is higher.
Note that your Guaranteed Minimum Maturity Benefit shall be reduced proportionately in
case you take a partial withdrawal at any time after completing 5 policy years. For example,
if you withdraw 20% of your Fund Value on a particular day, then each of your NIP Guaranteed
Values (and thus your Guaranteed Minimum Maturity Benefit) will also be reduced by 20%
on that date.
6 7
8. - The second component of the special NIP Guaranteed Value adds back this amount,
YOUR UNIQUE FORESIGHT ADVANTAGE 162,500 - 150,000 = 12,500
(APPLICABLE ONLY FOR THE 5-PAY OPTION)
Adding the two components gives a special NIP Guaranteed Value of
You will enjoy our new and innovative investment guarantee by committing 5 yearly premiums. 187,500 + 12,500 = 200,000.
At the end of the 5th policy year, we will determine a special NIP Guaranteed Value for each NIP
invested in this plan. Your NIP Guaranteed Value will then be the higher of this special NIP INVESTMENT FUNDS
Guaranteed Value or the one in the previous section representing the highest NIP Value
achieved during the first 7 policy years. The portfolio of different investment funds is given below:
The special NIP Guaranteed Value is the sum of (a) and (b) where: Investment Risk Segregated Fund
Asset Allocation* Min. Max.
Fund Profile Identification Number
a) Reflects the foresight to invest on the best day possible
Income Very Debt Instruments, Money Market & Cash 100% 100%
ULIF01507/08/08BSLIINCADV109
This first component allows you to benefit from the growth that would have been achieved Advantage Low Equities & Equity Related Securities 0% 0%
if your NIP was invested on the best day possible during the policy year in which the NIP Assure
Very
ULIF01008/07/05BSLIASSURE109
Debt Instruments, Money Market & Cash 100% 100%
Low Equities & Equity Related Securities 0% 0%
was invested.
Debt Instruments, Money Market & Cash 90% 100%
Protector Low ULIF00313/03/01BSLPROTECT109
It equals the NIP itself multiplied by the ratio of: Equities & Equity Related Securities 0% 10%
- the NIP Value as of the end of the 5th policy year; over Builder Low ULIF00113/03/01BSLBUILDER109
Debt Instruments, Money Market & Cash 80% 90%
Equities & Equity Related Securities 10% 20%
- the lowest NIP Value recorded during the policy year in which the NIP was invested
Debt Instruments, Money Market & Cash 65% 80%
Enhancer Medium ULIF00213/03/01BSLENHANCE109
th Equities & Equity Related Securities 20% 35%
Example: NIP of 100,000 has a current NIP Value of 150,000 at the end of the 5 policy
Debt Instruments, Money Market & Cash 50% 70%
year. The current value is therefore 150% of the NIP. Creator Medium ULIF00704/02/04BSLCREATOR109
Equities & Equity Related Securities 30% 50%
- Say that in the policy year in which the NIP was invested, its NIP Value dropped to Debt Instruments, Money Market & Cash 10% 50%
Magnifier High ULIF00826/06/04BSLIIMAGNI109
80,000 on a particular day. This means that the current NIP Value of 150,000 is 187.5% Equities & Equity Related Securities 50% 90%
of this low point of 80,000. If the NIP of 100,000 was invested on that particular day Debt Instruments, Money Market & Cash 0% 20%
Maximiser High ULIF01101/06/07BSLIINMAXI109
instead, it would now be worth 100,000 x 187.5% or 187,500 today Equities & Equity Related Securities 80% 100%
Debt Instruments, Money Market & Cash 0% 20%
- The first component of the special NIP Guaranteed Value is exactly this amount, Multiplier High ULIF01217/10/07BSLINMULTI109
Equities & Equity Related Securities 80% 100%
100,000 x 150,000 / 80,000 = 187,500
Debt Instruments, Money Market & Cash 0% 20%
Super 20 High ULIF01723/06/09BSLSUPER20109
Equities & Equity Related Securities 80% 100%
b) Reflects the foresight to lock-in gains on the best day possible
Foresight 5P ULIF02510/02/11BSLFSIT5P1109 Debt Instruments (short term & long term) 0% 100%
High
The second component allows you to benefit from the lock-in of the highest gains Foresight SP ULIF02610/02/11BSLFSITSP1109 Equities & Equity Related Securities 0% 100%
achieved to date.
* In each Investment Fund except Foresight 5P and Foresight SP, the Short Term Debt Instruments (Money
It equals the: Market, Mutual Fund & Cash) asset allocation will not exceed 40%.
- the highest NIP Value achieved during the first 5 policy years; less Money Market Instruments are debt instruments of less than one year maturity. It includes collateralised borrowing
& lending obligation, certificate of deposits, commercial papers etc. Investment in Money Market Instrument
th
- the NIP Value as of the end of the 5 policy year supports for better liquidity management.
Example: NIP of 100,000 had its NIP Value peak at 162,500 on a particular day and
has since dropped to its current NIP Value of 150,000 at the end of the 5th policy year. The
current NIP Value is therefore 12,500 less than its previous peak.
8 9
9. - The second component of the special NIP Guaranteed Value adds back this amount,
YOUR UNIQUE FORESIGHT ADVANTAGE 162,500 - 150,000 = 12,500
(APPLICABLE ONLY FOR THE 5-PAY OPTION)
Adding the two components gives a special NIP Guaranteed Value of
You will enjoy our new and innovative investment guarantee by committing 5 yearly premiums. 187,500 + 12,500 = 200,000.
At the end of the 5th policy year, we will determine a special NIP Guaranteed Value for each NIP
invested in this plan. Your NIP Guaranteed Value will then be the higher of this special NIP INVESTMENT FUNDS
Guaranteed Value or the one in the previous section representing the highest NIP Value
achieved during the first 7 policy years. The portfolio of different investment funds is given below:
The special NIP Guaranteed Value is the sum of (a) and (b) where: Investment Risk Segregated Fund
Asset Allocation* Min. Max.
Fund Profile Identification Number
a) Reflects the foresight to invest on the best day possible
Income Very Debt Instruments (short term & long term) 100% 100%
ULIF01507/08/08BSLIINCADV109
This first component allows you to benefit from the growth that would have been achieved Advantage Low Equities & Equity Related Securities 0% 0%
if your NIP was invested on the best day possible during the policy year in which the NIP Assure
Very
ULIF01008/07/05BSLIASSURE109
Debt Instruments (short term & long term) 100% 100%
Low Equities & Equity Related Securities 0% 0%
was invested.
Debt Instruments (short term & long term) 90% 100%
Protector Low ULIF00313/03/01BSLPROTECT109
It equals the NIP itself multiplied by the ratio of: Equities & Equity Related Securities 0% 10%
- the NIP Value as of the end of the 5th policy year; over Builder Low ULIF00113/03/01BSLBUILDER109
Debt Instruments (short term & long term) 80% 90%
Equities & Equity Related Securities 10% 20%
- the lowest NIP Value recorded during the policy year in which the NIP was invested
Debt Instruments (short term & long term) 65% 80%
Enhancer Medium ULIF00213/03/01BSLENHANCE109
th Equities & Equity Related Securities 20% 35%
Example: NIP of 100,000 has a current NIP Value of 150,000 at the end of the 5 policy
Debt Instruments (short term & long term) 50% 70%
year. The current value is therefore 150% of the NIP. Creator Medium ULIF00704/02/04BSLCREATOR109
Equities & Equity Related Securities 30% 50%
- Say that in the policy year in which the NIP was invested, its NIP Value dropped to Debt Instruments (short term & long term) 10% 50%
Magnifier High ULIF00826/06/04BSLIIMAGNI109
80,000 on a particular day. This means that the current NIP Value of 150,000 is 187.5% Equities & Equity Related Securities 50% 90%
of this low point of 80,000. If the NIP of 100,000 was invested on that particular day Debt Instruments (short term & long term) 0% 20%
Maximiser High ULIF01101/06/07BSLIINMAXI109
instead, it would now be worth 100,000 x 187.5% or 187,500 today Equities & Equity Related Securities 80% 100%
Debt Instruments (short term & long term) 0% 20%
- The first component of the special NIP Guaranteed Value is exactly this amount, Multiplier High ULIF01217/10/07BSLINMULTI109
Equities & Equity Related Securities 80% 100%
100,000 x 150,000 / 80,000 = 187,500
Debt Instruments (short term & long term) 0% 20%
Super 20 High ULIF01723/06/09BSLSUPER20109
Equities & Equity Related Securities 80% 100%
b) Reflects the foresight to lock-in gains on the best day possible
Foresight 5P ULIF02510/02/11BSLFSIT5P1109 Debt Instruments (short term & long term) 0% 100%
High
The second component allows you to benefit from the lock-in of the highest gains Foresight SP ULIF02610/02/11BSLFSITSP1109 Equities & Equity Related Securities 0% 100%
achieved to date.
* In each Investment Fund except Foresight 5P and Foresight SP, the Short Term Debt Instruments (Money
It equals the: Market, Mutual Fund & Cash) asset allocation will not exceed 40%.
- the highest NIP Value achieved during the first 5 policy years; less Money Market Instruments are debt instruments of less than one year maturity. It includes collateralised borrowing
& lending obligation, certificate of deposits, commercial papers etc. Investment in Money Market Instrument
th
- the NIP Value as of the end of the 5 policy year supports for better liquidity management.
Example: NIP of 100,000 had its NIP Value peak at 162,500 on a particular day and
has since dropped to its current NIP Value of 150,000 at the end of the 5th policy year. The
current NIP Value is therefore 12,500 less than its previous peak.
8 9
10. Income Advantage Protector
Objective: To provide capital preservation and regular income, at a high level of safety over a Objective: To generate consistent returns through active management of a fixed income
medium term horizon by investing in high quality debt instruments. 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 actively manage the fund by building a portfolio of fixed income instruments with
medium term duration. The fund will invest in government securities, high rated corporate Strategy: To invest in fixed income securities with marginal exposure to equity up to 10% at
bonds, high quality money market instruments and other fixed income securities. The quality of low level of risk. This investment fund is suitable for those who want to preserve their capital
the assets purchased would aim to minimize the credit risk and liquidity risk of the portfolio. The and earn a steady return on investment through higher exposure to debt securities.
fund will maintain reasonable level of liquidity.
Builder
Assure
Objective: To build capital and generate better returns at moderate level of risk, over a medium
Objective: To provide capital conservation, at a high level of safety and liquidity through or long-term period through a balance of investment in equity and debt.
judicious investments in high quality short-term debt.
Strategy: To generate better returns with moderate level of risk through active management of
Strategy: To generate better return with low level of risk through investment into fixed interest a fixed income portfolio and focus on creating a long-term equity portfolio, which will enhance
securities having short-term maturity profile. the yield of the composite portfolio with low level of risk appetite.
Enhancer
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.
Creator
Objective: To achieve optimum balance between growth and stability to provide long-term
capital appreciation with balanced level of risk by investing in fixed income securities and high
quality equity security. This fund option is for those who are willing to take average to high level
of risk to earn attractive returns over a long period of time.
Strategy: To invest into fixed income securities & maintaining diversified equity portfolio along
with active fund management policyholder's wealth in long run.
Magnifier
Objective: To maximise wealth by managing diversified portfolio.
Strategy: To invest in high quality equity security to provide long-term capital appreciation with
high level of risk. This fund option is suitable for those who want to have wealth maximisation
over long-term period with equity market dynamics.
10 11
11. Income Advantage Protector
Objective: To provide capital preservation and regular income, at a high level of safety over a Objective: To generate consistent returns through active management of a fixed income
medium term horizon by investing in high quality debt instruments. 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 actively manage the fund by building a portfolio of fixed income instruments with
medium term duration. The fund will invest in government securities, high rated corporate Strategy: To invest in fixed income securities with marginal exposure to equity up to 10% at
bonds, high quality money market instruments and other fixed income securities. The quality of low level of risk. This investment fund is suitable for those who want to preserve their capital
the assets purchased would aim to minimize the credit risk and liquidity risk of the portfolio. The and earn a steady return on investment through higher exposure to debt securities.
fund will maintain reasonable level of liquidity.
Builder
Assure
Objective: To build capital and generate better returns at moderate level of risk, over a medium
Objective: To provide capital conservation, at a high level of safety and liquidity through or long-term period through a balance of investment in equity and debt.
judicious investments in high quality short-term debt.
Strategy: To generate better returns with moderate level of risk through active management of
Strategy: To generate better return with low level of risk through investment into fixed interest a fixed income portfolio and focus on creating a long-term equity portfolio, which will enhance
securities having short-term maturity profile. the yield of the composite portfolio with low level of risk appetite.
Enhancer
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.
Creator
Objective: To achieve optimum balance between growth and stability to provide long-term
capital appreciation with balanced level of risk by investing in fixed income securities and high
quality equity security. This fund option is for those who are willing to take average to high level
of risk to earn attractive returns over a long period of time.
Strategy: To invest into fixed income securities & maintaining diversified equity portfolio along
with active fund management policyholder's wealth in long run.
Magnifier
Objective: To maximise wealth by managing diversified portfolio.
Strategy: To invest in high quality equity security to provide long-term capital appreciation with
high level of risk. This fund option is suitable for those who want to have wealth maximisation
over long-term period with equity market dynamics.
10 11
12. Maximiser Foresight 5P
Objective: To provide long term capital appreciation by actively managing a well-diversified Foresight SP
equity portfolio of fundamentally strong blue chip companies. Further, the fund seeks to Objective: To optimise the participation in an actively managed well-diversified equity portfolio
provide a cushion against the sudden volatility in the equities through some investments in of fundamentally strong blue chip companies while using debt instruments and derivatives to
short-term money market instruments. lock-in capital appreciations. The use of derivatives will be for hedging purposes only and as
Strategy: To build and actively manage a well-diversified equity portfolio of value and growth approved by the IRDA.
driven stocks by following a research focused investment approach. While appreciating the Strategy: To dynamically manage the allocation between equities and fixed income
high risk associated with equities, the fund would attempt to maximise the risk-return pay off instruments, while using derivatives when necessary and for hedging purposes only. The equity
for the long-term advantage of the policyholders. The fund will also explore the option of investment strategy will revolve around building and actively managing a well-diversified
having exposure to quality mid cap stocks. The non-equity portion of the fund will be invested equity portfolio of value & growth driven fundamentally strong blue-chip companies by
in good rated (P1/A1 & above) money market instruments and fixed deposits. The fund will following a research-focused investment approach. On the fixed income side, investments will
also maintain a reasonable level of liquidity. be made in government securities, high rated corporate bonds and money market instruments.
Multiplier
OUR POLICY CHARGES
Objective: To provide long-term wealth maximisation by actively managing a well-diversified
equity portfolio, predominantly comprising of companies whose market capitalisation is close The charges under this plan are designed to optimise the long-term return on your investments
to Rs. 1000 crores and above. while providing for the costs of insurance, distribution and administration of your policy.
Strategy: To build and actively manage a well-diversified equity portfolio of value & growth
Premium Allocation Charge
driven stocks by following a research driven investment approach. The investments would
be predominantly made in mid cap stocks, with an option to invest 30% in large cap stocks as A premium allocation charge of 5% is levied on the Basic Premium when received.
well. While appreciating the high risk associated with equities, the fund would attempt to
Fund Management Charge
maximise the risk-return pay-off for the long-term advantage of the policyholders. The fund will
also maintain reasonable level of liquidity. The daily unit price of the investment fund is adjusted to reflect the fund management charge.
Super 20 - 1.00% p.a. for Income Advantage, Assure, Protector and Builder
- 1.25% p.a. for Enhancer and Creator
Objective: To generate long-term capital appreciation for policyholders by making investments
in fundamentally strong and liquid large cap companies. - 1.35% p.a. for Magnifier, Maximiser, Multiplier, Super 20 and Foresight
Strategy: To build and actively manage an equity portfolio of 20 fundamentally strong large In the case of the Foresight fund, the charge shall be increased by 0.25% p.a. under the Single-
cap stocks in terms of market capitalisation by following an in-depth research-focused Pay option and 0.40% p.a. under the 5-Pay option to provide for the investment guarantee.
investment approach. The fund will attempt to adequately diversify across sectors. The fund
We may change the fund management charge under any investment fund at any time in the
will invest in companies having financial strength, robust, efficient & visionary management,
future subject to IRDA approval.
enjoying competitive advantage along with good growth prospects & adequate market
liquidity. The fund will adopt a disciplined yet flexible long-term approach towards investing Policy Administration Charge
with a focus on generating long-term capital appreciation. The non-equity portion of the fund
There is no policy administration charge in this plan.
will be invested in high rated money market instruments and fixed deposits. The fund will also
maintain reasonable level of liquidity. Mortality Charge
A mortality charge is deducted for the Basic Premium when received. The charge per 1000 of
Basic Sum Assured will depend on the gender and entry age of the life insured.
12 13
13. Maximiser Foresight 5P
Objective: To provide long term capital appreciation by actively managing a well-diversified Foresight SP
equity portfolio of fundamentally strong blue chip companies. Further, the fund seeks to Objective: To optimise the participation in an actively managed well-diversified equity portfolio
provide a cushion against the sudden volatility in the equities through some investments in of fundamentally strong blue chip companies while using debt instruments and derivatives to
short-term money market instruments. lock-in capital appreciations. The use of derivatives will be for hedging purposes only and as
Strategy: To build and actively manage a well-diversified equity portfolio of value and growth approved by the IRDA.
driven stocks by following a research focused investment approach. While appreciating the Strategy: To dynamically manage the allocation between equities and fixed income
high risk associated with equities, the fund would attempt to maximise the risk-return pay off instruments, while using derivatives when necessary and for hedging purposes only. The equity
for the long-term advantage of the policyholders. The fund will also explore the option of investment strategy will revolve around building and actively managing a well-diversified
having exposure to quality mid cap stocks. The non-equity portion of the fund will be invested equity portfolio of value & growth driven fundamentally strong blue-chip companies by
in good rated (P1/A1 & above) money market instruments and fixed deposits. The fund will following a research-focused investment approach. On the fixed income side, investments will
also maintain a reasonable level of liquidity. be made in government securities, high rated corporate bonds and money market instruments.
Multiplier
OUR POLICY CHARGES
Objective: To provide long-term wealth maximisation by actively managing a well-diversified
equity portfolio, predominantly comprising of companies whose market capitalisation is close The charges under this plan are designed to optimise the long-term return on your investments
to Rs. 1000 crores and above. while providing for the costs of insurance, distribution and administration of your policy.
Strategy: To build and actively manage a well-diversified equity portfolio of value & growth
Premium Allocation Charge
driven stocks by following a research driven investment approach. The investments would
be predominantly made in mid cap stocks, with an option to invest 30% in large cap stocks as A premium allocation charge of 5% is levied on the Basic Premium when received.
well. While appreciating the high risk associated with equities, the fund would attempt to
Fund Management Charge
maximise the risk-return pay-off for the long-term advantage of the policyholders. The fund will
also maintain reasonable level of liquidity. The daily unit price of the investment fund is adjusted to reflect the fund management charge.
Super 20 - 1.00% p.a. for Income Advantage, Assure, Protector and Builder
- 1.25% p.a. for Enhancer and Creator
Objective: To generate long-term capital appreciation for policyholders by making investments
in fundamentally strong and liquid large cap companies. - 1.35% p.a. for Magnifier, Maximiser, Multiplier, Super 20 and Foresight
Strategy: To build and actively manage an equity portfolio of 20 fundamentally strong large In the case of the Foresight fund, the charge shall be increased by 0.25% p.a. under the Single-
cap stocks in terms of market capitalisation by following an in-depth research-focused Pay option and 0.40% p.a. under the 5-Pay option to provide for the investment guarantee.
investment approach. The fund will attempt to adequately diversify across sectors. The fund
We may change the fund management charge under any investment fund at any time in the
will invest in companies having financial strength, robust, efficient & visionary management,
future subject to IRDA approval.
enjoying competitive advantage along with good growth prospects & adequate market
liquidity. The fund will adopt a disciplined yet flexible long-term approach towards investing Policy Administration Charge
with a focus on generating long-term capital appreciation. The non-equity portion of the fund
There is no policy administration charge in this plan.
will be invested in high rated money market instruments and fixed deposits. The fund will also
maintain reasonable level of liquidity. Mortality Charge
A mortality charge is deducted for the Basic Premium when received. The charge per 1000 of
Basic Sum Assured will depend on the gender and entry age of the life insured.
12 13
14. Under the Single-Pay Option Under the 5-Pay Option
Gender Age 25 Age 35 Age 45 Age 55 Age 25 Age 35 Age 45 Age 55
Male 9.831 13.177 26.625 65.333 2.570 3.510 7.340 17.710
Female 9.616 11.447 20.676 49.629 2.510 3.020 5.670 13.680
Sample rates are provided for your reference. Please visit our website or ask your financial
advisor for the rates applicable to you.
Miscellaneous Charges
We currently charge 50 per request for premium re-direction, fund switch and partial
withdrawal. We do however reserve the right to charge up to 500 per request in the future. We
presently charge 100 per policy revival. We may increase this charge in the future subject to a
maximum of 1,000 per revival. Any increase in the miscellaneous charges will be subject to
IRDA approval.
Service Tax
Service Tax and other levies, as applicable, will be extra and levied as per the extant tax laws.
IRDA Approval
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. If you do not pay your due and unpaid premiums within 30 days as stipulated in our notice you
shall be deemed to have chosen the option to completely withdraw from the policy. Till this
TERMS AND CONDITIONS period, your policy as well as all insurance cover and charges will continue.
Should you completely withdraw from the policy, the insurance cover will cease and your Fund
Free-Look Period Value net of any discontinuance charge will be transferred to the Discontinued Policy Fund.
You will have the right to return your policy to us within 15 days from the date of receipt of the The Discontinued Policy Fund will be credited with a minimum interest rate of 3.5% p.a. on
policy, in case you are not satisfied with the terms & conditions of your policy. We will pay the compounding basis and the proceeds from this will be payable to you on the date
Fund Value plus all charges levied till date (excluding the fund management charge) once we corresponding to your fifth policy anniversary or the date the life insured dies, if sooner. The
receive your written notice of cancellation (along with reasons thereof) together with the original discontinuance charge is as per the following table:
policy documents. Depending on our then current administration rules, we may reduce the
Policy Discontinued Discontinuance Charge
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. In Policy Year 1 Lower of 6% of AP, 6% of FV, Rs. 6,000
In Policy Year 2 Lower of 4% of AP, 4% of FV, Rs. 5,000
Policy Discontinuance
In Policy Year 3 Lower of 3% of AP, 3% of FV, Rs. 4,000
For the 5-Pay option, you are given a grace period of 30-days to pay the due premium. If we do
In Policy Year 4 Lower of 2% of AP, 2% of FV, Rs. 2,000
not receive your full premium by the end of the grace period, we shall send you a reminder
In Policy Year 5 Nil
notice within 15 days to revive the policy by paying your due and unpaid premium or to choose
to withdraw from the policy completely. Where AP is Annual Premium and FV is Fund Value.
14 15
15. Under the Single-Pay Option Under the 5-Pay Option
Gender Age 25 Age 35 Age 45 Age 55 Age 25 Age 35 Age 45 Age 55
Male 9.831 13.177 26.625 65.333 2.570 3.510 7.340 17.710
Female 9.616 11.447 20.676 49.629 2.510 3.020 5.670 13.680
Sample rates are provided for your reference. Please visit our website or ask your financial
advisor for the rates applicable to you.
Miscellaneous Charges
We currently charge 50 per request for premium re-direction, fund switch and partial
withdrawal. We do however reserve the right to charge up to 500 per request in the future. We
presently charge 100 per policy revival. We may increase this charge in the future subject to a
maximum of 1,000 per revival. Any increase in the miscellaneous charges will be subject to
IRDA approval.
Service Tax
Service Tax and other levies, as applicable, will be extra and levied as per the extant tax laws.
IRDA Approval
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. If you do not pay your due and unpaid premiums within 30 days as stipulated in our notice you
shall be deemed to have chosen the option to completely withdraw from the policy. Till this
TERMS AND CONDITIONS period, your policy as well as all insurance cover and charges will continue.
Should you completely withdraw from the policy, the insurance cover will cease and your Fund
Free-Look Period Value net of any discontinuance charge will be transferred to the Discontinued Policy Fund.
You will have the right to return your policy to us within 15 days from the date of receipt of the The Discontinued Policy Fund will be credited with a minimum interest rate of 3.5% p.a. on
policy, in case you are not satisfied with the terms & conditions of your policy. We will pay the compounding basis and the proceeds from this will be payable to you on the date
Fund Value plus all charges levied till date (excluding the fund management charge) once we corresponding to your fifth policy anniversary or the date the life insured dies, if sooner. The
receive your written notice of cancellation (along with reasons thereof) together with the original discontinuance charge is as per the following table:
policy documents. Depending on our then current administration rules, we may reduce the
Policy Discontinued Discontinuance Charge
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. In Policy Year 1 Lower of 6% of AP, 6% of FV, Rs. 6,000
In Policy Year 2 Lower of 4% of AP, 4% of FV, Rs. 5,000
Policy Discontinuance
In Policy Year 3 Lower of 3% of AP, 3% of FV, Rs. 4,000
For the 5-Pay option, you are given a grace period of 30-days to pay the due premium. If we do
In Policy Year 4 Lower of 2% of AP, 2% of FV, Rs. 2,000
not receive your full premium by the end of the grace period, we shall send you a reminder
In Policy Year 5 Nil
notice within 15 days to revive the policy by paying your due and unpaid premium or to choose
to withdraw from the policy completely. Where AP is Annual Premium and FV is Fund Value.
14 15
16. Policy Loans 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
You can avail of a loan on your policy. The minimum loan amount is Rs. 5,000 and the
the premium shown on the policy, nor shall any person taking out or renewing or continuing
maximum loan amount is 40% of the Fund Value net of any discontinuance charges. The
a policy accept any rebate, except such rebate as may be allowed in accordance with the
interest we charge on such loans will be fixed by us from time to time based on then prevailing
published prospectuses or tables of the insurer.
market conditions. Any proceeds payable upon policy termination due to death, surrender or
maturity shall be reduced by any outstanding policy loan at that time. Should the outstanding Any person making default in complying with the provisions of this section shall be punishable
policy loan balance equal or exceed the surrender value of your policy at any time, then the with a fine which may extend to five hundred rupees.
policy shall be terminated without value. Note that prior to this happening, we shall give you an
Non-Disclosure - Section 45 of the Insurance Act, 1938
opportunity to repay all or part of your outstanding loan balance in order for your policy to
continue uninterrupted. We shall notify you when your outstanding loan balance is 95% or No policy of life insurance effected after the coming into force of this Act shall, after the expiry of
more of your surrender value. 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
Top-up Premiums
friend of the life insured, or in any other document leading to the issue of the policy, was
Top-up premiums are not allowed in this plan. inaccurate or false, unless the insurer shows that such statement was on a material matter or
Advance Payment of Premiums 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
You can avail of our client servicing facility allowing you to advance payment of policy premiums
or that it suppressed facts which it was material to disclose.
for up to 5 years.
Provided that nothing in this section shall prevent the insurer from calling for proof of age at
Current Tax Benefits any time if he is entitled to do so, and no policy shall be deemed to be called in question merely
As per extant tax laws, this plan offers tax benefits under Section 80C and Section 10 (10D) of because the terms of the policy are adjusted on subsequent proof that the age of the life
the Income Tax Act, 1961. insured was incorrectly stated in the application.
- Under Section 80C, premiums up to 1,00,000 are allowed as a deduction from your taxable
income each year BIRLA SUN LIFE INSURANCE - A COMING TOGETHER
- Under Section 10 (10D), the benefits you receive from this plan are exempt from tax, subject
OF VALUES
to mentioned exclusions
About Birla Sun Life Insurance
Exclusions
Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya Birla
We will refund higher of the Fund Value or Basic Premiums paid to date, in the event the life Group, a well known Indian conglomerate and Sun Life Financial Inc, one of the leading
insured dies by suicide, whether medically sane or insane, within one year after the issue date international financial services organizations from Canada. With an experience of over a
of the policy. decade, BSLI has contributed to the growth and development of the Indian life insurance
Nomination and Assignment industry and currently is one of the leading life insurance companies in the country. Enjoying
trust of over 2.4 Million customers, BSLI is known for innovations. BSLI offers a complete
In case you, the policyholder are also the life insured, you need to nominate a person who
range of offerings comprising of protection solutions, children's future solutions, wealth with
shall be entitled to the death benefit in case of death. This nomination shall be in accordance
protection, health and wellness as well as retirement solutions and has an extensive
with Section 39 of the Insurance Act, 1938. You also have the right to assign your policy in
distribution reach over 500 cities through its network of over 600 branches, over 140058
accordance with Section 38 of the Insurance Act, 1938.
empanelled advisors and over 240 partnerships with Corporate Agents and Banks. The AUM
Prohibition of Rebates - Section 41 of the Insurance Act, 1938 of Birla Sun Life Insurance is close to Rs19146 crs and it has a robust capital base of over
Rs. 2450 crs as on August 31, 2011. For more information, please visit www.birlasunlife.com
No person shall allow or offer to allow, either directly or indirectly, as an inducement to any
16 17