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Insurance Company
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Birla Sun Life Insurance Company Ltd
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Plan Name
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Birla Sun Life Dream Plan
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Plan Nature
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ULIP
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Plan Category
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Saving
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UIN No.
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109L025V01
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About Plan
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Our Dream Plan is a long-term Unit Linked insurance plan that is specifically designed to provide financial security for your future requirements. With us, your future is guaranteed.Our plan combines a guaranteed return on your savings with upside potential based on the performance of the investment funds you decide to invest in. No matter what the future performance of the investment funds is, you are always guaranteed a minimum amount at maturity.
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Minimum Entry Age
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18 YEARS
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Maximum Entry Age
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60 YEARS
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Maximum Maturity Age
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75 YEARS
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Minimum Policy Term
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5YEARS
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Maximum Policy Term
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25 YEARS
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Minimum Top Uop Premium
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Rs.5000/-
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Benefits
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| Particulars | Description |
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Maturity Benefits
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The minimum Guaranteed Maturity Benefit is payable on the maturity date of your policy. This assumes however that you paid all policy premiums when due.By choosing the 100% Guaranteed Maturity Option, we will pay the higher of the Fund Value or Guaranteed Fund Value on the maturity date of your policy and end the contract.
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Maturity Benefits
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Double or Triple the Guaranteed Maturity Benefit:By choosing the 200% or 300% Guaranteed Maturity Option, your contract will continue under a settlement option for a period of 5 years starting on the maturity date of the policy.
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Death Benefits
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In the unfortunate event of your demise, your nominee will receive the Basic Sum Assured plus the Enhanced Sum Assured plus the greater of Fund Value and Guaranteed Fund Value.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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Accidental Death & Dismemberment Rider [109C002V01]
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We offer three investment funds to suit your particular investment needs - Protector, Builder and Enhancer. Simply tell us in which investment fund(s) you want your premium to be invested in. You can decide to invest in only one investment fund or in a combination of all three - it's your choice. Also, you can change your mind at any time for future premiums and can even switch existing investments in one investment fund to another.
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A Basic Sum Assured is associated with the Guaranteed Maturity Benefit you choose. This amount is paid in the unfortunate event that you die while your plan is in effect. We give you the option to increase this protection to suit your particular insurance needs. Simply specify the amount you want (the Enhanced Sum Assured) in addition to the Basic Sum Assured and your insurance protection will equal the sum of the Basic and Enhanced Sum Assured.
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Keeping Track Of Your Investments Keeping track of your investment is easy with us:we will send you an annual statement detailing the number of units you have in each investment fund and their respective unit price as of the last policy anniversary; andwe publish the unit prices of all investment funds on our website www.birlasunlife.com as well as in the newspapers.
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The total value of your investments in this plan is known as the Fund Value - the balance of all units allocated to your policy multiplied by their respective then prevailing unit price.Our plan offers guaranteed maturity benefits and we track your guarantees via the Guaranteed Fund Value - the accumulation at 3% per annum of all your policy premiums and top-up premiums (net of the 2% Premium Allocation Charge) paid till date less policy charges deducted monthly.Both the Fund Value and Guaranteed Fund Value will be reduced at the beginning of every policy month to cover your policy charges. We will redeem units equal to the monetary amount of the policy charge divided by the then prevailing unit price from each investment fund under your policy, in proportion to their value at that time.Partial WithdrawalsAfter the completion of three policy years, you are free to make a partial withdrawal at any time. The partial withdrawal must be at least Rs. 5,000 and cannot exceed the excess, if any, of the Fund Value over the Guaranteed Fund Value at that time.The units redeemed will equal the partial withdrawal divided by the then prevailing unit price of the investment fund from which the partial withdrawal is taken. Partial withdrawals will not reduce the Guaranteed Fund Value.The total value of your investments in this plan is known as the Fund Value - the balance of all units allocated to your policy multiplied by their respective then prevailing unit price.Our plan offers guaranteed maturity benefits and we track your guarantees via the Guaranteed Fund Value - the accumulation at 3% per annum of all your policy premiums and top-up premiums (net of the 2% Premium Allocation Charge) paid till date less policy charges deducted monthly.Both the Fund Value and Guaranteed Fund Value will be reduced at the beginning of every policy month to cover your policy charges. We will redeem units equal to the monetary amount of the policy charge divided by the then prevailing unit price from each investment fund under your policy, in proportion to their value at that time.Partial WithdrawalsAfter the completion of three policy years, you are free to make a partial withdrawal at any time. The partial withdrawal must be at least Rs. 5,000 and cannot exceed the excess, if any, of the Fund Value over the Guaranteed Fund Value at that time.The units redeemed will equal the partial withdrawal divided by the then prevailing unit price of the investment fund from which the partial withdrawal is taken. Partial withdrawals will not reduce the Guaranteed Fund Value.
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After the completion of three policy years, you can surrender your policy to us and receive the Fund Value at that time.You can surrender your policy in the first three policy years but:we will retain a Surrender Charge; andwe will defer the payment till the end of the third policy year.The deferred payment will be for an amount equal to the Fund Value (net of the Surrender Charge) as of the date of your surrender and remain constant till paid to you.If the life insured dies before the deferred payment is paid then the Fund Value (net of the Surrender Charge) as of the date of surrender will be paid immediately.
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The minimum Guaranteed Maturity Benefit is payable on the maturity date of your policy. This assumes however that you paid all policy premiums when due. Otherwise, the Guaranteed Maturity Benefit when due will be limited to the Guaranteed Fund Value at that time.By choosing the 100% Guaranteed Maturity Option, we will pay the higher of the Fund Value or Guaranteed Fund Value on the maturity date of your policy and end the contract.
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Our Birla Sun Life Insurance Dream Plan is a long-term Unit Linked insurance plan that is specifically designed to provide financial security for your future requirements. With us, your future is guaranteed.Our plan combines a guaranteed return on your savings with upside potential based on the performance of the investment funds you decide to invest in. No matter what the future performance of the investment funds is, you are always guaranteed a minimum amount at maturity.
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After the completion of three policy years, you are free to make a partial withdrawal at any time. The partial withdrawal must be at least Rs. 5,000 and cannot exceed the excess, if any, of the Fund Value over the Guaranteed Fund Value at that time.The units redeemed will equal the partial withdrawal divided by the then prevailing unit price of the investment fund from which the partial withdrawal is taken. Partial withdrawals will not reduce the Guaranteed Fund Value.
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In the unfortunate event of your demise, your nominee will receive the Basic Sum Assured plus the Enhanced Sum Assured plus the greater of Fund Value and Guaranteed Fund Value. The Basic Sum Assured is associated with the Guaranteed Maturity Benefit you choose. Your financial advisor will provide you with the Basic Sum Assured specific to the plan you are considering.Based on your insurance needs, you can increase the amount of protection via the Enhanced Sum Assured. You can specify the Enhanced Sum Assured at entry and/or increase it at any time during your lifetime. The minimum Enhanced Sum Assured increment is Rs. 50,000 and is subject to evidence of insurability satisfactory to us. Your annual policy premium will be increased if and when the Enhanced Sum Assured is increased.
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Individual Life - Builder
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Individual Life - Enhancer
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Individual Life - Protector
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Particulars
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Range
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Individual Life - Builder
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Debt Instruments, Money Market & Cash
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80% - 90%
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Equities & Equity Related Securities
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10% - 20%
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Individual Life - Enhancer
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Debt Instruments, Money Market & Cash
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65% - 80%
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Equities & Equity Related Securities
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20% - 35%
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Individual Life - Protector
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Debt Instruments, Money Market & Cash
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90% - 100%
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Equities & Equity Related Securities
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0% - 10%
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Builder Fund
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20-May-13
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33.7174
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Enhancer Fund
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20-May-13
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39.9204
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Protector Fund
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20-May-13
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27.2986
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Individual Life - Builder
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Individual Life - Enhancer
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Individual Life - Protector
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13-Jul-09
20:14
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Birla Sun Life Insurance launched 'Super 20'
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25-Jun-09
11:26
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Birla Sun Life renewed bancassurance with Development Credit Bank
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20-Jun-09
11:46
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Investing Rs 500 cr in Life Insurance arm : Birla & Sun Life
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16-Jun-09
12:26
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Sun Life Financial acquires UK business of Lincoln National
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19-May-09
11:55
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Birla Sun Life paid Rs 1.25 lakh as settlement amount to SEBI
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15-May-09
12:26
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Claims outstanding ratio has been reduced by 100% : Birla SunLife Insurance
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29-Apr-09
10:26
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Birla Sun Life Insurance crosses Rs 10,000 cr in AUM
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08-Apr-09
08:56
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Birla Sun Life Insurance opens zonal office in Pune
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20-Jan-09
13:20
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Birla Sun Life to partner in micro insurance project
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10-Jan-09
10:20
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Birla Sun Life mutual dumps Satyam
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09-Jan-09
14:10
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Birla Sun Life enters the health space
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08-Jan-09
12:40
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BSLI enters health insurance buisness
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03-Dec-08
12:06
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Birla Sun Life CEO quits
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