Filetype PDF | Posted on 17 Aug 2022 | 3 years ago
Authentication
digital resources
170x Filetype PDF File size 0.86 MB Source: d3h6xrw705p37u.cloudfront.net
From the upper echelons
of power, only a select
few are invited.
Birla Sun Life Insurance
www.insurance.birlasunlife.com
Fortune Elite Plan
Regd. Office: Birla Sun Life Insurance Company Limited, One Indiabulls Centre, Tower 1, 16th Floor, Jupiter Mill Compound,
A unit linked life insurance plan
841 Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. CIN: U99999MH2000PLC128110 Registration No. 109.
Unique No. 109L090V01 ADV/4/14-15/6934 VER1/APR/2014
PLAN AT A GLANCE
Entry Age 1 to 55 years (subject to max maturity age of 75 years)
Policy Term 20|25|30|35|40 years
Premium Paying Term (PPT) 5|10|15|20 years
Minimum Basic Premium `40,000
Minimum Sum Assured `400,000
Top-up Premium Minimum `5,000
BEFORE YOUR READ ANY FURTHER
BSLI Fortune Elite Plan is a non-participating unit-linked life insurance plan. All unit-linked life
insurance plans are different from traditional insurance plans and are subject to different risk
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.
In this plan, the investment risk in the investment funds chosen by you is borne by you.
Investment funds are subject to investment risks and unit prices may go up or down reflecting
In this policy, investment risk in investment portfolio is borne by the policyholder. the market value of the underlying assets. Past performance is no guarantee of future results.
Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be
able to withdraw/surrender the monies invested in Linked Insurance Products completely or partially till the end of the fifth
year from inception
YOUR CHOICES
Over the years, you have achieved success and accumulated wealth. Your priority now is to
1. Basic Premium - the amount you commit to pay regularly during the premium paying term.
ensure your wealth and assets remain protected for your future generations, while you enjoy
Your Basic Sum Assured will be determined based on the basic premium amount you commit
the lifestyle you have worked hard to attain. Specially designed to cater to your financial and
to pay in a policy year.
estate planning goals, BSLI Fortune Elite is unit linked plan that provides insurance coverage
and the opportunity of wealth preservation and enhancement.
2. Basic Sum Assured - is the death benefit payable on the death of the life insured. The
minimum Basic Sum Assured is your Basic Premium payable in a policy year multiplied by 10
Key Benefits
or policy term divided by 2, if higher.
• Flexibility to choose policy term of 20|25|30|35|40 years
• Flexibility to choose premium paying terms of 5|10|15|20 years
- you can pay basic premium in monthly, quarterly, semi-annual, annual
3. Pay Mode
• Flexibility to choose from 3 investment options to suit your investment needs
instalments. Please ask your financial advisor for details about the range of convenient
• Flexibility to add top-ups whenever you have additional savings payment methods we offer.
• Flexibility of partial withdrawals to meet any emergency fund requirements
4. Investment Options - you have a choice to invest your money in the 'Systematic Transfer'
• Tax benefits under section 80C and section 10(10D) of the Income Tax Act, 1961
Option, 'Return Optimiser' Option or the 'Self-Managed' Option. Systematic Transfer Option is
for individuals who would like to eliminate the need to time one's investments in the market.
PAGE 2 PAGE 3
PLAN AT A GLANCE
Entry Age 1 to 55 years (subject to max maturity age of 75 years)
Policy Term 20|25|30|35|40 years
Premium Paying Term (PPT) 5|10|15|20 years
Minimum Basic Premium `40,000
Minimum Sum Assured `400,000
Top-up Premium Minimum `5,000
BEFORE YOUR READ ANY FURTHER
BSLI Fortune Elite Plan is a non-participating unit-linked life insurance plan. All unit-linked life
insurance plans are different from traditional insurance plans and are subject to different risk
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.
In this plan, the investment risk in the investment funds chosen by you is borne by you.
Investment funds are subject to investment risks and unit prices may go up or down reflecting
In this policy, investment risk in investment portfolio is borne by the policyholder. the market value of the underlying assets. Past performance is no guarantee of future results.
Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be
able to withdraw/surrender the monies invested in Linked Insurance Products completely or partially till the end of the fifth
year from inception
YOUR CHOICES
Over the years, you have achieved success and accumulated wealth. Your priority now is to
1. Basic Premium - the amount you commit to pay regularly during the premium paying term.
ensure your wealth and assets remain protected for your future generations, while you enjoy
Your Basic Sum Assured will be determined based on the basic premium amount you commit
the lifestyle you have worked hard to attain. Specially designed to cater to your financial and
to pay in a policy year.
estate planning goals, BSLI Fortune Elite is unit linked plan that provides insurance coverage
and the opportunity of wealth preservation and enhancement.
2. Basic Sum Assured - is the death benefit payable on the death of the life insured. The
minimum Basic Sum Assured is your Basic Premium payable in a policy year multiplied by 10
Key Benefits
or policy term divided by 2, if higher.
• Flexibility to choose policy term of 20|25|30|35|40 years
• Flexibility to choose premium paying terms of 5|10|15|20 years
- you can pay basic premium in monthly, quarterly, semi-annual, annual
3. Pay Mode
• Flexibility to choose from 3 investment options to suit your investment needs
instalments. Please ask your financial advisor for details about the range of convenient
• Flexibility to add top-ups whenever you have additional savings payment methods we offer.
• Flexibility of partial withdrawals to meet any emergency fund requirements
4. Investment Options - you have a choice to invest your money in the 'Systematic Transfer'
• Tax benefits under section 80C and section 10(10D) of the Income Tax Act, 1961
Option, 'Return Optimiser' Option or the 'Self-Managed' Option. Systematic Transfer Option is
for individuals who would like to eliminate the need to time one's investments in the market.
PAGE 2 PAGE 3
(2)
Return Optimiser option is for individuals who would like to have optimal participation in Death Benefit - in the unfortunate event the life insured dies while the policy is in effect, we
the capital markets while safeguarding their returns from any market related volatilities. will pay to the nominee the greater of
Self-Managed Option is for individuals who would like to have control over their investment.
• Basic Fund Value as on date of intimation of death; or
• Basic Sum Assured
You may wish to invest additional amounts as top-up premiums anytime during the policy term
as long as all due basic premiums have been paid. The minimum top-up premium is `5,000 and In addition we will also pay the greater of
at any point the total top-up premiums paid cannot exceed the total basic premiums paid to
• Top-up Fund Value as on date of intimation of death; or
date. Top-up premiums cannot be withdrawn for five years unless the policy is surrendered.
• Top-up Sum Assured
Top-up Sum Assured will be the top-up premium being paid multiplied by:
The Sum Assured will be reduced by the partial withdrawals made from as follows:
• 125% if the attained age of the life insured is less than 45 years; or
• Before the life insured attains the age of 60, the Basic Sum Assured payable on death is
• 110% if the attained age of the life insured is 45 years or more
reduced by partial withdrawals made in the preceding two years
(1)
Your Sum Assured under the plan is the total of Basic Sum Assured and Top-up Sum Assured. • 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
The Basic Premium and any Top-up Premium net of premium allocation charges will be used to
Death benefit shall never be less than 105% of total premiums paid to date
purchase units in the various investment fund/s offered under this plan and as chosen by you.
(excluding service tax).
The units purchased in the investment fund is the monetary amount allocated to the investment
fund divided by its then prevailing unit price.
Maturity Benefit - You will receive the Fund Value at maturity.
Basic Fund Value is equal to the number of units pertaining to basic premiums allocated to the
Surrender Benefit - In case of emergencies, you can surrender your policy to us anytime
investment fund/s chosen by you multiplied by its then prevailing unit price
during the policy term. Any such surrender will be treated according to the complete
Top-up Fund Value, if any is equal to the number of units pertaining to top-up premiums
withdrawal as mentioned in Policy Discontinuance section.
allocated to the investment fund/s chosen by you multiplied by its then prevailing unit price (2)
In case of death of the life insured, if life insured is different from the proposer/policyholder, the proposer/policyholder
will receive the policy proceeds.
Fund Value under this plan is the total of Basic Fund Value and Top-Up Fund Value, if any.
The Fund Value represents the total value of your investments to date and is the balance of all
YOUR INVESTMENT OPTIONS
units allocated to the investment fund/s chosen by you multiplied by its then prevailing
Under BSLI Fortune Elite Plan, you decide how to invest your premiums in one of the three
unit price.
investment options - Systematic Transfer Option, Return Optimiser Option or the Self-Managed
(1)
Basic Sum Assured is reduced for partial withdrawals as explained later.
Option. Systematic Transfer Option is for individuals who would like to eliminate the need to
time one's investments in the market. Return Optimiser option is for individuals who would like
YOUR BENEFITS
to have optimal participation in the capital markets while safeguarding their returns from any
market related volatilities. Self-Managed Option is for individuals who would like to have control
Guaranteed Additions – in the form of additional units will be added to your policy:
over their investment.
th th
• On 10 policy anniversary and on every 5 policy anniversary thereafter,
Guaranteed Addition is 2.00% of the total premiums paid in the last 60 months At any time after one year while your policy is in effect, you can change your investment option.
th
• In addition on 11 policy anniversary and every policy anniversary thereafter,
Systematic Transfer Option
Guaranteed Addition is 0.35% of the average Fund Value in the last 12 months
The Systematic Transfer Option safeguards your wealth against the market volatilities and is
After the completion of 5 policy years, non-negative residual additions, if any, shall be credited
available only if you have opted for annual mode. Under the Systematic Transfer Option, your
to the policy in order to meet the maximum reduction in yield as in Regulation 37 of IRDA
premium (net of premium allocation charge) shall be first allocated to Liquid Plus fund option
(Linked Insurance Products) Regulations, 2013.
and thereafter monthly 1/12th of the allocated amount shall be transferred to an investment
PAGE 4 PAGE 5
no reviews yet
Please Login to review.
