ABSLI Jeevan Bachat Plan Documents... · ABSLI POS Jeevan Bachat Plan •A non-linked non –participating life insurance plan Presenting Aditya Birla Sun Life Insurance Company Ltd

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ABSLI Jeevan Bachat PlanA non-linked non – participating life insurance plan

Confidential Copyright Birla Sun Life Insurance Company Limited 2009

Aditya Birla Sun Life Insurance Company Ltd.

(Formerly Birla Sun Life Insurance Company Ltd.)

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All our monthly expenses are provisioned for…

Health & Fitness

Grocery

Internet

MedicalHome

Mobile Bills

Entertainment

Fuel

Aditya Birla Sun Life Insurance Company Ltd. (Formerly Birla Sun Life Insurance Company Ltd)

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Then why not provision a small portion of income towards

Health & Fitness

Grocery

Internet

MedicalHome

Mobile Bills

Entertainment

Fuel

SAVINGS…


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Regular Small Savings does not have a great impact on our life


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But…


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When these small savings turn into substantial corpus…

It can definitely add wings to your dreams and aspirations


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ABSLI POS Jeevan Bachat Plan

• A non-linked non – participating life insurance plan

Presenting


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Choices at inception

The Sum Assured will be determined based on thesingle premium / annual premium amount youcommit to pay and the chosen sum assured multiple.

• Choose from any policy term between -Single Pay and 6 Pay: 10 | 15 | 20 yrs9 Pay and 12 Pay – 10 | 15 } 20 yearsRegular Pay – 10 | 15 years• Choice of Premium Paying Term - Single Pay | LimitedPay | Regular Pay

Sum AssuredStep 1:

Policy Term & Premium Payment TermStep 2:


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Scenario 1 – Maturity Benefit

Scenarios for Male Age 35 | Policy Term: 15 years | Premium: Rs. 50,000 | Premium Paying Term Regular Pay, 6 Pay, Single Pay

Maturity Benefit

• Return of premium + Guaranteed Additions• Guaranteed Additions after the completion of PPT (provided all due premiums are paid)

Single Premium Rs.50,000/- (excl GST)

Sin

gle

Pay


Annual Premium Rs.50,000/- (excl GST)

Sum Assured Rs. 5 lakh

Rs. 10,84,944/-

Guaranteed

01 02 03 04 05 06 07 08 9 10 11 12 13 140 15

Re

gula

r P

ay



Rs. 5,52,396/-

Guaranteed

01 02 03 04 05 06 07 08 9 10 11 12 13 140 15

Lim

ite

d P

ay

Rs. 73,940/-

Guaranteed

01 02 03 04 05 06 07 08 9 10 11 12 13 140 15

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Male Age 35 | Policy Term – 20 years | Limited Pay – 6 years | Annual Premium Rs.10,000/- (excl GST) | Sum Assured - Rs 1 lakh

Scenario 2 – Limited Pay (Death Benefit)

01 02 03 04 05 06 07 08 9 10 11 12 13 14 15 16 17 180 20

Rs. 1 lakh


19

Rs. 19,152

Death Benefit

• Sum Assured + Accrued Guaranteed Additions till date of death


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Male Age 35 | Policy Term – 15 years | Regular Pay | Annual Premium Rs.10,000/- (excl GST) | Sum Assured - Rs 1 lakh

Scenario 3 – Regular Pay (Death Benefit)

Rs. 1 lakh


Rs. 1,25,196

Death Benefit




01 02 03 04 05 06 07 08 9 10 11 12 13 140 15

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Male Age 35 | Policy Term – 20 years | Single Pay | Single Premium Rs.50,000/- (excl GST) | Sum Assured - Rs 5 lakh

Scenario 4 – Single Pay (Death Benefit)

• Customer Need : Guaranteed payment at the end of the tenure


01 02 03 04 05 06 07 08 9 10 11 12 13 14 15 16 17 180 20

19

Rs. 5 lakh Rs. 14,880

Death Benefit



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Benefits

Death Benefit❑ Sum Assured on Death plus Guaranteed Additions accrued till the date of death will be paid.

For Limited Pay and Regular Pay, Death Benefit is higher of: • Sum Assured as absolute amount to be paid on death• 10 times of the Annualized Premium• 105% of the Total Premiums Paid as on the date of death

For Single Pay, Death Benefit is higher of: • Sum Assured as absolute amount to be paid on death• 125% of single premium (excluding applicable taxes, if any)

Accidental Death Benefit:If the Life Insured is aged at least 18 years (Age last birthday) at the time of death and dies as a result of an accident during the Policy Termthen in addition to the Death Benefit defined above, an Accidental Death Benefit equal to Sum Assured on Death will be payable.

Maturity Benefit

❑ Maturity Sum Assured* plus the Guaranteed Additions accrued till maturity.

Maturity Sum Assured: guaranteed sum assured on maturity and is equal to the Total Premiums Paid.


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Benefits

Guaranteed Additions

For limited pay and single pay policies the Guaranteed Additions per 1000 of Maturity Sum Assured will accrue on monthly basis to the policy on each policy month end, after the completion of the premium paying term till the maturity date and shall be payable in event of death of the life insured after the premium paying term or policy maturity whichever is earlier. For Single and limited pay policies, Guaranteed additions will not be applicable in the event of death of the life insured during the premium paying term. For Regular pay policies the Guaranteed Additions per 1,000 of Maturity Sum Assured accrue at the end of each policy month from the 8th policy year, until the policy maturity.

Reduced Paid-up /Surrender Benefits

❑ Under Reduced Paid-Up, Sum Assured, Sum Assured on Death, Maturity Sum Assured shall be reduced in proportion to the premiums actually paid to the total premiums payable during the policy term. Guaranteed Additions shall accrue on the reduced maturity sum assured.

❑ Under Surrender, your policy will acquire a surrender value after all due premiums for at least two full policy years are paid and immediately after policy issuance for single pay.


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Who Can Buy?


Entry Age (age last birthday) 1 - 55 years

Premium Paying Term• Single Pay • Limited Pay - 6 | 9 | 12 years • Regular Pay – 10 | 15 years

Policy Term• For Single Pay & 6 Pay : 10 | 15 | 20 years• For 9 & 12 Pay: 15 | 20 years• For Regular Pay: 10 | 15 years

Maturity Age• Minimum - 18 years• Maximum - 65 years

Premium• For Single Pay: Min: 20,000| Max: 1,00,000• For Limited and Regular Pay: Min: 5,000 | Max: 100,000

Sum Assured• Minimum: Single Pay: Rs. 25,000 | Limited and Regular Pay: Rs. 50,000• Maximum: Rs. 10,00,000

Premium Mode Single, Annual, Semi-annual, Quarterly, Monthly

ELIGIBILITY CRITERION

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Disclaimers

❑ Tax benefits are subject to changes in tax laws

❑ For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale

❑ Trade logo disclaimer ‘The Trade logo “Aditya Birla Capital” displayed above is owned by ADITYA BIRLA MANAGEMENT

CORPORATION PRIVATE LIMITED (Trademark Owner) and used by ‘Aditya Birla Sun Life Insurance Company Limited’ under the

License’

❑ An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having

hazardous occupations etc.


BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

·IRDAI is not involved in activities like selling insurance policies, announcing bonus or

investment of premiums, Public receiving such phone calls are requested to lodge a police complaint.

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Thank YouAditya Birla Sun Life Insurance Company Ltd.

Formerly Birla Sun Life Insurance Company Ltd.
