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Choice of Investment Options |
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The plan offers you two options to invest your premium.
Guaranteed Option ensures that the premiums paid in the first three policy years will be automatically allocated to the Platinum Premier Fund.
You will be assigned the latest Platinum Premier Fund series when your policy is issued. We open new Platinum Premier Fund series from time to time and each series starts with a unit price of 10. For each series, the Guaranteed Unit Price is the highest daily unit price recorded during the first 7 years and 3 months since the series has opened.
Self-Managed Option gives you complete access to our range of investment funds with the freedom to switch between them, free of cost. In this investment option, you decide how to invest your premiums. We offer 10 investment funds ranging from 100% debt to 100% equity to suit your particular needs and risk appetite - Income Advantage, Assure, Protector, Builder, Enhancer, Creator, Magnifier, Maximiser, Multiplier and Super 20.
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Loyalty Additions |
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To further enhance the value of your investments, you will also receive guaranteed loyalty additions at maturity equal to 5% of all policy premiums (excluding top-up premiums) paid during the tenure of the policy. This means that if all policy premiums are paid, you will receive 50% of the annual policy premium at the end of the policy term as additions to your investments.
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Other Benefits |
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- Partial Withdrawals
After completion of 3 policy years, you have the freedom to undertake free unlimited partial withdrawals, subject to maintaining a minimum Fund Value equal to one annual premium plus any surrender charge or top-up premiums you have paid in the previous three years, whichever is higher. The minimum sum of withdrawal should be Rs. 5,000 and the minimum age of the life insured should be 18 years.
- Surrender Benefits
You have the flexibility of surrendering the policy if the need arises, anytime during the tenure of the policy. On surrender, you will receive the Fund Value (net of any surrender charge). There is no surrender charge once your policy completes five policy years. If you surrender the policy prior to the 3rd policy year, your surrender benefit will be kept constant and deferred for payment to the end of the 3rd policy year.
- Maturity Benefits
On maturity, you receive the fund value. Apart from this, under the Guaranteed Option, an amount equal to the number of units in the Platinum Premier Fund times the excess, if any, of Guaranteed Unit Price over the then prevailing unit price of this investment fund is paid.
- Death Benefit
The nominee will receive the higher of the fund value or the sum assured less applicable partial withdrawals, if any. Such withdrawals impact the Death Benefit as follows:
- For life insured under 60 years, Sum Assured is reduced by the partial withdrawals done in the last two years
- For life insured over 60 years, the Sum Assured is reduced by the partial withdrawals done after the age of 58
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Plan Summary |
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Entry Age of Life Assured
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8 to 70 years of age
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Policy Term
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10 years
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Premium Paying Term
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10 years
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Annual Policy Premium
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Minimum Rs. 25,000 p.a. if paid annually
Minimum Rs. 30,000 p.a. if paid monthly, quarterly or semi-annually
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Sum Assured
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Only ECS mode of payment for monthly and quarterly Sum Assured Minimum 5 x Annual Policy Premium
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Risk Factors |
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This policy is underwritten by Birla Sun Life Insurance Company Limited (BSLI). This is a non-participating unit linked savings plan. Birla Sun Life Insurance – BSLI Platinum Premier Plan – Income Advantage, Assure, Protector, Builder, Enhancer, Creator, Magnifier, Maximiser, Multiplier, Super 20 and Platinum Premier Fund are only the names of the Company, Policy, and Investment Funds respectively and do not in any way indicate the quality of the Policy, Investment Funds or their future prospects or returns. Unless specifically stated as guaranteed, policy charges can be modified by the company subject to the specified limits and prior IRDA approval. The value of the Investment Fund reflects the value of the underlying investments. These investments are subject to market risks and change in fundamentals such as tax rates etc affecting the investment portfolio. The premium paid in Unit Linked Life Insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of Investment Fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. There is no guarantee or assurance of returns from the Investment Funds. BSLI reserves the right to recover levies such as the Service Tax levied by the authorities on insurance transactions. If there be any additional levies, they too will be recovered from you. This brochure contains the salient features of the plan. For further details please refer to the policy contract. Tax benefits are subject to changes in the tax laws. Insurance is the subject matter of the solicitation.
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UIN No. - 109L054V01
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