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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 Gold Plus II
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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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109L035V01
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About Plan
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This plan is a unit linked, non-participating, insurance plan for duration of 8 years. A simple, hassle free plan it helps you strike the right proportion between protection and savings. Our plan offers you the convenience of paying for a limited period of 3 years with the flexibility to reduce premium (subject to minimum of INR 10000) from the second policy year onwards without reduction in sum assured. The plan, also offers you the benefits of top-up besides providing liquidity in the form of partial withdrawals and surrender benefits.
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Minimum Entry Age
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18 YEARS
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Maximum Entry Age
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20 YEARS
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Minimum Premium
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RS 50000/- INR
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Minimum Top Up premium
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Rs.5000/-(You can Top Up the fumd whenever your have additonal saving prior to the maturity of the policy. The Minimum top up premium is INR 5000/-
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On maturity, your fund value will be paid to you.
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Death Benefits
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In the unfortunate event of the death of the life insured prior to the maturity date of the policy, the nominee will get the greater of (a) the fund value or (b) the sum assured reduced for partial withdrawals as follows:Before the life insured attains the age of 60, the sum assured payable on death is reduced by partial withdrawals made in the preceding two years.Once the life insured attains the age of 60, the sum assured payable on death is reduced by all partial withdrawals made from age 58 onwards.
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Partial Withdrawal Benefit
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You are allowed to make unlimited partial withdrawals after 3 policy years, free of cost. The minimum withdrawal amount is INR 5,000. The maximum partial withdrawal amount of fund value over the higher of INR 30,000 or Top-up premiums paid by you during the three years preceding the partial withdrawal date.
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Surrender Benefit
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The policy can be surrendered any time during the tenure of the policy subject to a surrender charge. The surrender charges will be zero from the 4th policy year. In case of surrender in the first 3 policy years the benefits will be paid out only after the 3rd policy year. The surrender value as of the date of your surrender remains constant till paid to you.
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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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A wide range of investment funds to choose from depending on your risk appetite. Also, a golden opportunity to higher your return on investments by investing in 100% equity option - Maximiser.
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Free unlimited switches and premium redirection - The plan allows you to monitor your investment fund performance and change its portfolio according to your preferences at different stages through free unlimited switches and premium redirection.
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Convenient short pay option that allows you to pay your premiums for 3 years only thus avoiding the hassle of paying regular premiums.
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The plan offers the flexibility to reduce your premiums from the 2nd year depending upon your financial situation.
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The plan offers good liquidity through Partial withdrawals and Surrender. After three years there is no penalty on surrender of policy. Free unlimited partial withdrawals after 3 policy years allowed subject to a minimum withdrawal amount of Rs. 5000.
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You can top-up the fund whenever you have additional savings prior to the maturity of the policy. The minimum top-up premium is INR 5,000.The sum assured in the plan will increase if the top-up amount exceeds 25% of the policy premium paid till date. The additional sum assured will be 125% of the excess top- up premium and is subject to the administrative and underwriting rules of the company.
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You are allowed to make unlimited partial withdrawals after 3 policy years, free of cost. The minimum withdrawal amount is INR 5,000. The maximum partial withdrawal you can make is the excess, if any, of the fund value over the higher of:INR 30,000; orTop-up premiums paid by you during the three years preceding the partial withdrawal date.
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The policy can be surrendered any time during the tenure of the policy subject to a surrender charge. The surrender charges will be zero from the 4th policy year. In case of surrender in the first 3 policy years the benefits will be paid out only after the 3rd policy year. The surrender value as of the date of your surrender remains constant till paid to you.
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Individual Life - Assure
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Individual Life - Builder
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Individual Life - Creator
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Individual Life - Enhancer
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Individual Life - Magnifier
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Individual Life - Maximiser
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Individual Life - Multiplier
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Individual Life - Protector
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Individual Life - Super 20 Fund
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Particulars
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Range
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Individual Life - Assure
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Debt Instruments, Money Market & Cash
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100% - 100%
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Equities & Equity Related Securities
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0% - 0%
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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 - Creator
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Debt Instruments, Money Market & Cash
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50% - 70%
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Equities & Equity Related Securities
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30% - 50%
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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 - Magnifier
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Debt Instruments, Money Market & Cash
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10% - 50%
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Equity & Equity related securities
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50% - 90%
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Individual Life - Maximiser
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Debt Instruments, Money Market & Cash
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0% - 20%
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Equities & Equity Related Securities
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80% - 100%
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Individual Life - Multiplier
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Debt Instruments, Money Market & Cash
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0% - 20%
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Equities & Equity related securities
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80% - 100%
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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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Individual Life - Super 20 Fund
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Equity
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80% to 100%
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Debt
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0% to 20%
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Assure Fund
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17-Jun-13
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20.0896
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Builder Fund
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17-Jun-13
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33.4064
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Creator Fund
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17-Jun-13
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29.6211
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Enhancer Fund
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17-Jun-13
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39.32
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Magnifier Fund
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17-Jun-13
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28.5842
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Maximiser Fund
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17-Jun-13
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14.1034
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Multiplier Fund
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17-Jun-13
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11.7475
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Protector Fund
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17-Jun-13
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27.1519
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Super 20 Fund
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17-Jun-13
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14.4874
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Individual Life - Assure
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Individual Life - Builder
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Individual Life - Creator
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Individual Life - Enhancer
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Individual Life - Magnifier
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Individual Life - Maximiser
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Individual Life - Multiplier
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Individual Life - Protector
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Individual Life - Super 20 Fund
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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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