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Personal Finance

Insurance

Plan Details

Birla Sun Life Classic Life Plan

Summary Info

Insurance Company	Birla Sun Life Insurance Company Ltd
Plan Name	Birla Sun Life Classic Life Plan
Plan Nature	ULIP
Plan Category	Retirement Plan
UIN No.	109L067V01
About Plan	To ensure that you enjoy your retirement years, you have always wanted a plan that provides you financial protection for your whole life along with the flexibility to manage your savings. Birla Sun Life Insurance brings its Classic Plans that can meet these needs and give you the cofidence to live your life with freedom.

Basic Details

Minimum Entry Age	18years
Maximum Entry Age	60years
Minimum Premium	Rs.25000 p.a. if paid annuallyRs.30000 p.a. if paid monthly, quarterly or semi-annually
Premium Paying Term	Short pay-5,10,15,20years / To Savings Date
Minimum Top Up premium	Rs.5000
Minimum Sum Assured	Rs.50000, and not exceeding Basic Sum Assured, subject to maximum of 30years to Savings Date

Key Benefits

Benefits

Particulars	Description
Death Benefits	In the unfortunate event the life insured dies while the policy isin effect, we will pay to the nominee the greater of (a) the Fund Value as on date of intimation of death or (b) the Basic Sum Assured reduced for partial withdrawals as follows:
Death Benefits	Before the life insured attains the age of 60, the Basic Sum Assured payable on death is reduced by partial withdrawals made in the preceding two years
Death Benefits	Once the life insured attains the age of 60, the Basic Sum Assured payable on death is reduced by all partial withdrawals made from age 58 onwards
Death Benefits	In addition we will also pay the Enhanced Sum Assured, if any.
Death Benefits	Death benefit shall never be less than 105% of total premiums paid to date(excluding any applicable rider/or underwriting extras) less any previous partial withdrawals.
Surrender Benefit	In case of emergencies, you can surrender your policy to us after the completion of five policy years and receive theFund Value at that time.
Guaranteed Benefit	In the form ofadditional units will be added to your policy:.On 10th policy anniversary and on every 5th policy anniversary thereafter. Guaranteed Addition is 2.50% of the Basic Premiums paid in the last 60months.
Guaranteed Benefit	In addition on 11th policy anniversary and every policy anniversary thereafter. Guaranteed Addition is 0.25% of the average Fund Value in thelast 12moths.

Tax Benefits

Section	Description
SEC 80 C	Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
SEC 10 (10)D	Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.

Rider Name

Critical Illness Rider [109C001V01]

Waiver of Premium Rider [109C017V01]

Hospital Care Rider [109C016V01]

Surgical Care Rider [109C015V01]

Accident Death and Disability Rider [109C018V01]

Plan Speciality

You choose the Savings Date that suits your retirement objectives

You choose the premium amount you want to pay every year prior to your Savings Date

You can also choose to pay your premium for only 5,10,15 or 20years through our short-pay options

You will enjoy a life cover of no less than the Basic Sum Assured throughout the policy term

To increase the financial security for your loved ones by choosing an Enhanced Sum Assured;

To increase the protection under this plan by choosing aditional riders; and

To meet any emergency fund requirements by making partial withdrawals or taking a policy loan

Finally, you enjoy tax benefits under section 80C and section 10(10D) of the Income Tax Act, 1961

Fund Option

Discontinued Policy Fund

Individual Life - Assure

Individual Life - Builder

Individual Life - Creator

Individual Life - Enhancer

Individual Life - Income Advantage

Individual Life - Magnifier

Individual Life - Maximiser

Individual Life - Multiplier

Individual Life - Protector

Individual Life - Super 20 Fund

Particulars	Range
Discontinued Policy Fund
Debt Securities, Bank Deposits, Mutual Funds & Money Market Securities	0% - 100%
Individual Life - Assure
Debt Instruments, Money Market & Cash	100% - 100%
Equities & Equity Related Securities	0% - 0%
Individual Life - Builder
Debt Instruments, Money Market & Cash	80% - 90%
Equities & Equity Related Securities	10% - 20%
Individual Life - Creator
Debt Instruments, Money Market & Cash	50% - 70%
Equities & Equity Related Securities	30% - 50%
Individual Life - Enhancer
Debt Instruments, Money Market & Cash	65% - 80%
Equities & Equity Related Securities	20% - 35%
Individual Life - Income Advantage
Debt Instruments, Money Market & Cash	100% - 100%
Equities & Equity Related Securities	0% - 0%
Individual Life - Magnifier
Debt Instruments, Money Market & Cash	10% - 50%
Equity & Equity related securities	50% - 90%
Individual Life - Maximiser
Debt Instruments, Money Market & Cash	0% - 20%
Equities & Equity Related Securities	80% - 100%
Individual Life - Multiplier
Debt Instruments, Money Market & Cash	0% - 20%
Equities & Equity related securities	80% - 100%
Individual Life - Protector
Debt Instruments, Money Market & Cash	90% - 100%
Equities & Equity Related Securities	0% - 10%
Individual Life - Super 20 Fund
Equity	80% to 100%
Debt	0% to 20%

Latest NAV

Assure Fund	17-May-13	19.9869
Builder Fund	17-May-13	33.7333
Creator Fund	17-May-13	30.4743
Discontinued Policy Fund	17-May-13	12.028
Enhancer Fund	17-May-13	39.9813
Income Advantage Fund	17-May-13	17.4014
Magnifier Fund	17-May-13	30.105
Maximiser Fund	17-May-13	15.1266
Multiplier Fund	17-May-13	12.5996
Protector Fund	17-May-13	27.3042
Super 20 Fund	17-May-13	15.41

Portfolio

Discontinued Policy Fund

Individual Life - Assure

Individual Life - Builder

Individual Life - Creator

Individual Life - Enhancer

Individual Life - Income Advantage

Individual Life - Magnifier

Individual Life - Maximiser

Individual Life - Multiplier

Individual Life - Protector

Individual Life - Super 20 Fund

News

13-Jul-09 20:14	Birla Sun Life Insurance launched 'Super 20'
25-Jun-09 11:26	Birla Sun Life renewed bancassurance with Development Credit Bank
20-Jun-09 11:46	Investing Rs 500 cr in Life Insurance arm : Birla & Sun Life
16-Jun-09 12:26	Sun Life Financial acquires UK business of Lincoln National
19-May-09 11:55	Birla Sun Life paid Rs 1.25 lakh as settlement amount to SEBI
15-May-09 12:26	Claims outstanding ratio has been reduced by 100% : Birla SunLife Insurance
29-Apr-09 10:26	Birla Sun Life Insurance crosses Rs 10,000 cr in AUM
08-Apr-09 08:56	Birla Sun Life Insurance opens zonal office in Pune
20-Jan-09 13:20	Birla Sun Life to partner in micro insurance project
10-Jan-09 10:20	Birla Sun Life mutual dumps Satyam
09-Jan-09 14:10	Birla Sun Life enters the health space
08-Jan-09 12:40	BSLI enters health insurance buisness
03-Dec-08 12:06	Birla Sun Life CEO quits

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Wealth at Retirement

Birla Sun Life Classic Life Plan

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Basic Details

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