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BSLI Saral Health Plan

Birla Sun Life Insurance


Birla Sun Life Insurance
Saral Health Plan
Saral Children’s Plan A plan that offers a comprehensive cover
A plan that guarantees your child’s future for all medical expenses

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BSLI Saral Wealth Plan
In this policy, the investment risk in the investment portfolio is borne by the question merely because the terms of the policy are adjusted on subsequent proof
policyholder. that the age of the life insured was incorrectly stated in the application.

You have always wanted a plan that offers a comprehensive health cover for all types Risk Factors & Disclaimers
of medical expenses but may have found the process of buying one to be
This policy is underwritten by Birla Sun Life Insurance Company Limited (BSLI). This is
cumbersome and lengthy. With Birla Sun Life Insurance Saral Solutions, this could be
a non-participating unit linked savings plan. Birla Sun Life Insurance, Saral Wealth
a thing of the past.
Plan, Guaranteed Option, LifeCycle Option, Income Advantage, Enhancer and
Introducing BSLI Saral Health Plan, a comprehensive health insurance plan that gives Maximiser are only the names of the Company, Policy, Investment Options and the
cover across – hospitalization expenses, surgical expenses, critical illness and routine Investment Funds respectively and do not in any way indicate the quality of the Policy,
health care expenses. Investment Funds or their future prospects or returns. The charges mentioned above
are applicable to all the three Investment Funds offered at present. Only the Policy
THE SALIENT BENEFITS IN THIS PLAN ARE:
Administration Charge, Fund Management Charge and Revival Charge can be
• This is a whole life plan which provides you a fixed cash benefit to cover modified by the Company subject to specified limits and approval of the IRDA. The
hospitalization expenses for both surgical and non-surgical events. And, if you are value of the Investment Fund reflects the value of the underlying investments. These
diagnosed with a critical illness you also receive a lump sum amount in addition to investments are subject to market risks and change in fundamentals such as tax rates
the hospitalization cash benefits 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
• You pay minimum policy premium to cover hospitalisation benefit and health
price of the units may go up or down based on the performance of Investment Fund
reimbursement benefit, which you can use to cover your routine health and
and factors influencing the capital market and the policy owner is responsible for
medical related expenses such as dental care, pathology expenses and other
his/her decisions. There is no guarantee or assurance of returns from the Investment
similar costs in the long run
Funds. BSLI reserves the right to recover levies such as the Service Tax levied by the
• You may choose to pay additional premium towards enhancement of health authorities on insurance transactions. If there be any additional levies, they too will be
reimbursement benefit recovered from you. This brochure contains the salient features of the plan. For further
• And you get all this without having to undergo any medical tests. You only have details please refer to the policy contract. Tax benefits are subject to changes in the tax
to fill up a simple application form and reply to four questions related to your laws. Insurance is the subject matter of the solicitation. For more details and
medical history clarification call your BSLI Insurance Advisor or visit our website and see how we can
help in making your dreams come true.
This plan is meant for you if:
• You are in the age group of 18 to 50 years today
• Your replies to the questions relating to your medical history are favorable

However, if you do not find this plan suitable our advisors will be happy to recommend
alternate solutions from our wide range of BSLI Health and Wellness solutions or you
could visit our website to explore all the options on your own.

THINGS YOU SHOULD KEEP IN MIND


The BSLI Saral Health Plan is a non-participating, unit linked health insurance plan. All
BSLI Saral Health Plan

unit linked health insurance plans are different from traditional insurance plans and are
subject to different risk factors. The name of the investment funds and that of this plan
do not in any way indicate the quality of the plan or future returns.

In this plan, the investment risk in the investment options chosen by you is borne by
you. Investment funds are subject to investment risks and unit prices may go up or
down reflecting the market value of the underlying assets. Past performance is no
guarantee of future results.

THE SARAL PROCESS


You can buy this plan in 2 simple and convenient steps

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BSLI Saral Wealth Plan
then current administration rules, we may reduce the amount of the refund by 1. Choose your pay term and health insurance benefit term
expenditures incurred by us in issuing your policy and as permitted by the IRDA and You have an option to choose from 10 pay / 10 term, 10 pay / 20 term,
in accordance to IRDA (Protection of Policyholders Interest) Regulations, 2002. 20 pay / 20 term.
2. Choose your additional premium (if any)
Unit Price
You choose your additional premium to enhance your health reimbursement
On each business day and for each investment fund, we determine the unit price by benefit to take care of your future Health & Medical related expenses. Your health
dividing the net asset value (NAV) of the investment fund at the valuation time by the insurance benefit is fixed at Rs. 10 Lacs.
number of units in existence for the investment fund in question. We publish the unit Above all, you don't go through the trouble of any medical test.
price of all investment funds on our website www.birlasunlife.com as well as in the
newspapers. BENEFITS OF BSLI SARAL HEALTH PLAN
The NAV is determined based on whether we are purchasing (appropriation price) or Health Insurance Benefit
selling (expropriation price) assets in order to meet the daily transactions of unit
Your Health Insurance Benefit is for a sum assured of Rs. 10 Lacs. You can claim your
allocation or redemption associated with the investment fund. When appropriation
benefit in case of Hospitalization and/or in case of Critical Illness during health
(expropriation) price is applied, the NAV of the investment fund is the market value of
insurance benefit term.
investments held by the fund; plus (less) the expenses incurred in purchasing (selling)
assets; plus the value of current assets; plus any accrued income net of fund In case of Hospitalization – every time you are hospitalized for a period of at least
management charges; less the value of any current liabilities or provisions. This NAV 48 hours and for medically necessary treatment of any illness or injury, you will receive
divided by the number of units existing on the valuation date, before units are allocated for each day hospitalized (starting from the first day):
(redeemed), gives the amount of money we put in to (take out of) the investment fund
(a) Rs. 2,000 if you had no surgical procedure during your hospitalization; or
per unit allocated (redeemed).
(b) Rs. 4,000 if you had any surgery during your hospitalization; or
Suicide
(c) Rs. 8,000 if surgery directly involved your brain, heart (including coronary arteries),
We will refund higher of the fund value or premiums paid to date in the event the life
liver or lung.
insured dies by suicide, whether medically sane or insane, within one year after the
issue or revival date, whichever is later. With regards to (b) only, the Rs. 4,000 claim is limited to 10 days per policy year.
For any excess days hospitalized in this category, you will receive Rs. 2,000 per day.
Section 41 of the Insurance Act, 1938
Sample Case (a) Sample Case (b) Sample Case (c)
No person shall allow or offer to allow, either directly or indirectly, as an inducement to
any person to take or renew or continue an insurance in respect of any kind of risk Hospitalization without Hospitalization for Hospitalization for
relating to lives or property in India, any rebate of the whole or part of the commission surgery 12 days any surgery heart surgery
payable or any rebate of the premium shown on the policy, nor shall any person taking in hospital 12 days in hospital 12 days in hospital
out or renewing or continuing a policy accept any rebate, except such rebate as may Total Benefit = Rs. 24,000 Total Benefit = Rs. 44,000 Total Benefit = Rs. 96,000
be allowed in accordance with the published prospectuses or tables of the insurer. 12 days in hospital 10 days in hospital 12 days in hospital
@ 2000 each @ 4000 each +2 days @ 8000 each
Section 45 of the Insurance Act, 1938
in hospital @ 2000 each
No policy of life insurance effected after the coming into force of this Act shall, after the
In case of Critical Illness – should you ever suffer from one of the four covered critical
expiry of two years from the date on which it was effected be called in question by an

BSLI Saral Health Plan


illnesses – Heart Attack, Cancer, Stroke and Major Organ Transplant – then you will
insurer on the ground that statement made in the proposal or in any report of a medical
receive a lump sum equal to Rs. 20,000 times the policy year in which the critical
officer, or referee, or friend of the life insured, or in any other document leading to the
illness occurred.
issue of the policy, was inaccurate or false, unless the insurer shows that such
statement was on a material matter or suppressed facts which it was material to Heart Attack in policy year 1 2 3 ... 10 and so on
disclose and that it was fraudulently made by the policyholder and that the Total Benefit = Rs. 20,000 40,000 60,000 200,000 20,000 x
policyholder knew at the time of making it that the statement was false or that it year
suppressed facts which it was material to disclose.
The Critical Illness benefit is payable only once during the health insurance benefit
Provided that nothing in this section shall prevent the insurer from calling for proof of term and the life insured must survive at least 30 days from the date of diagnosis
age at any time if he is entitled to do so, and no policy shall be deemed to be called in before the claim is eligible.

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BSLI Saral Wealth Plan
The maximum amount that can be claimed under the Health Insurance Benefit is In case you opt for the Guaranteed Option, you must also pay an additional investment
Rs. 2 Lacs per policy year in case of Hospitalization and Rs. 10 Lacs over the health guarantee premium which goes towards providing the investment guarantee on your
insurance benefit term in case of both Hospitalization and Critical Illness combined. policy. This additional investment guarantee premium is not invested in any fund and is
as per the schedule below (per Rs. 1,000 of Annual Savings Premium).
Health Reimbursement Benefit
Entry Age 10 pay/ 10 pay/ 20 pay/
Your policy premium is used to create a unit-linked fund which will take care of your
Male Female 10 term 20 term 20 term
future Health & Medical related expenses – such as:
All All 10 20 20
• General practitioners fees, medicines and drugs Inclusive of service tax and education cess
• Pathology and diagnostics expenses Now your premium payable is a total of savings premium plus insurance premium
• Dental treatment towards insurance cover plus investment guarantee premium towards Guaranteed
• Ayurvedic and homeopathic treatment Option, if selected.

• Any health related expense not covered under medical insurance TERMS & CONDITIONS
This benefit can be claimed after the completion of 5 policy years to an extent of 100% Premium Discontinuance
of the Fund Value. Simply produce bills or proof of expense and we will reimburse such
If you are unable to pay the policy premium by the due date, you will be given a
expenses by reducing the Fund Value by the same.
grace period of 30 days during which time the insurance cover under your policy
You can claim reimbursements 4 times a year free of charge subject to a minimum will continue.
claim amount of Rs. 2000. Additional claims within a policy year will be subject to
Rs. 250 claims charge. If you do not pay your premium within the said grace period of 30 days, the following
will be applicable:
Guaranteed Addition
• During the first three policy years – Your policy will lapse if we do not receive
At the end of the health insurance benefit term, your Fund Value will be augmented the entire policy premium by the end of the grace period. The insurance under
by a Guaranteed Addition, if all premiums are paid. The Guaranteed Addition is your policy will cease and your fund value will be held in suspense after deduction
according to the following schedule: of surrender charges. This net fund value will be paid out to you only at the
10 pay/10 term 10 pay/20 term 20 pay/20 term end of the third policy year or the end of the two-year revival period, whichever
is later.
Minimum Guaranteed Addition Rs. 3,000 Rs. 8,000 Rs. 10,000
Plus per Rs. 1,000 Additional You can revive your policy within two-years from its lapse date by paying
Rs. 300 Rs. 800 Rs. 1,000
Premium all outstanding policy premiums and providing us with evidence of insurability
satisfactory to us. If the life insured dies while the policy is not yet revived,
At the end of the health insurance benefit term, your Health Insurance Benefit will
we will pay the fund value as of the lapse date immediately and terminate
cease but any Fund Value balance will continue indefinitely until you have fully claimed
the contract.
Health Reimbursement Benefits against it.
• After three completed policy years – If we do not receive the entire policy premium
After the health insurance benefit term, only the fund management charge will be
by the end of the grace period, then you will be given a period of two years to pay all
deducted from the Fund Value.
outstanding premiums till date. Your policy will continue during these two years, as
BSLI Saral Health Plan

Terminal Illness and Death Benefit well as all insurance cover and charges. At the end of this two-year period, we will
In the unfortunate event you are diagnosed with a terminal illness or condition, you can give you the choice to either surrender your policy or continue it without the
claim the full Fund Value without submission of bills. This is to ensure you are not payment of additional policy premiums. Your policy will, however, be deemed as
burdened with medical expenses in times of crisis. surrendered should your fund value equal one annual policy premium.

In the unfortunate event of your demise, the nominee will receive the Fund Value. Free-look Period

Current Tax Benefits You will have the right to return your policy to us within 15 days from the date of receipt
of the policy. We will pay the fund value plus all charges levied till date (excluding the
The policy offers tax benefits under Section 80D of the Income Tax Act, 1961. Under
fund management charge) once we receive your written notice of cancellation (along
Section 80D, premiums up to Rs. 15,000 are allowed as a deduction from your taxable
with reasons thereof) together with the original policy documents. Depending on our
income each year.

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BSLI Saral Wealth Plan
POLICY PREMIUM POLICY PREMIUM
You can choose to pay your premiums monthly, quarterly, semi-annually or annually, Your policy premium is Minimum Policy Premium applicable as per your age, gender
as per your convenience. and pay term / benefit term plus your chosen additional premium (if any).
Your premium payable is the annual savings premium chosen by you plus insurance
premium that goes towards providing the insurance cover. YOUR INVESTMENT OPTIONS

Insurance premium per Rs. 1,000 Annual Savings Premium (or Rs. 6,000 Sum Simplicity being our guiding theme, we offer one simple option for your convinence.
Assured) is:
LifeCycle Option
Entry Age 10 pay/ 10 pay/ 20 pay/
Under the LifeCycle Option, your portfolio will be structured as per your age and risk
Male Female 10 term 20 term 20 term
profile – you can decide whether you are conservative, moderate or aggressive in
18 - 30 18 - 33 18 37 24 your approach towards investments. Your portfolio will then be monitored and
31 34 19 38 25 administered by us, saving you the time and effort involved in overseeing it yourself.
32 35 19 39 26 We automatically shift your investments from riskier assets to safer assets in line with
33 36 20 40 27 your increasing age and risk profile.
34 37 21 42 28 We will invest your premiums between the two investment funds, Maximiser (100%
35 38 22 43 29 equity) and Income Advantage (100% debt) in a predetermined proportion based on
36 39 23 45 31 the selected risk profile and your age when the premium is invested. Details about
these two funds are explained later.
37 40 24 47 32
38 41 25 49 34 The proportion invested in Maximiser (100% equity) will be according to the schedule
39 42 26 52 36 given below – the remaining amount will be invested in Income Advantage (100%
debt):
40 43 28 54 38
41 44 29 57 41 Age
42 45 31 60 43 Risk Profile 18 - 30 31 - 40 41 - 50 51 - 60 61 - 70 71+
Conservative 50% 40% 30% 15% 0% 0%
Entry Age 10 pay/ 10 pay/ 20 pay/
Male Female 10 term 20 term 20 term Moderate 70% 60% 50% 35% 20% 5%
43 46 33 64 46 Aggressive 90% 80% 70% 55% 40% 25%
44 47 36 68 50
For example – if person A aged 35 years, opts for a health insurance benefit term of
45 48 38 73 54 20 years with LifeCycle Option and a conservative risk profile, then based on the age
46 49 41 78 58 and the risk profile the investment portfolio will change with time as below:
47 50 45 83 62
Percentage of investments in
48 51 48 89 67 Age
Maximiser Income Advantage
49 52 52 96 73
50 53 56 103 79 Age 31-40 40% 60%

BSLI Saral Health Plan


51 54 60 111 85 Age 41-50 30% 70%
52 55 65 120 92 Age 51-60 15% 85%
53 --- 71 131 100
54 --- 76 142 109 Switching your Risk Profile

55 --- 83 155 118 You can change your risk profile at any time with no additional cost. All premiums paid
Inclusive of service tax and education cess from that point onwards will be invested in the Maximiser and Income Advantage
according to your new risk profile.
Insurance premium will be entirely invested in the investment funds and mortality
charges will be deducted from the same every month.

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BSLI Saral Wealth Plan
Automatic Rebalance of your investments Revival Charge

We will automatically rebalance your investment portfolio on each policy anniversary An amount of Rs. 100 is charged for policy revival. This amount may increase in future
to ensure that it maintains the predetermined proportion in Maximiser and Income subject to a maximum of Rs. 1,000.
Advantage as per the risk profile you have selected at no additional charge.
Service Tax
INVESTMENT FUNDS
Service Tax and other levies, as applicable, will be extra and levied as per the extant tax
Income Advantage laws.

Objective: To provide capital preservation and regular income, in high quality debt IRDA Approval
instruments.
Only when specified and within stated limits, we may increase a particular charge at
Strategy: To actively manage the fund by building a portfolio of fixed income any time in the future. We, however, need to get prior approval from the IRDA before
instruments with a medium term duration. The fund will invest in government such charge increase is effective. Otherwise, all other charges in this policy are
securities, high rated corporate bonds, high quality money market instruments and guaranteed to never increase during the tenure of the policy.
other fixed income securities. The quality of the assets purchased would aim to
minimize the credit risk and liquidity risk of the portfolio. The fund will maintain
reasonable level of liquidity.

Maximiser
Objective: To provide long term capital appreciation by actively managing a well-
diversified equity portfolio of fundamentally strong blue chip companies.

Strategy: To build and actively manage a well-diversified equity portfolio of value and
growth driven stocks by following a research focused investment approach. While
appreciating the high risk associated with equities, the fund would attempt to
maximize the risk-return pay off for the long-term advantage of the policyholders. The
fund will also explore the option of having exposure to quality mid cap stocks. The
non-equity portion of the fund will be invested in good rated money market
instruments and fixed deposits.

The portfolio of different investment funds is given below:

Investment Fund Risk Profile Asset Allocation * Min. Max.


Income Advantage Very Low Debt Instruments,
Money Market & Cash 100% 100%
Equities & Equity
Related Securities 0% 0%
Maximiser High Debt Instruments,
Money Market & Cash 0% 20%
BSLI Saral Health Plan

Equities & Equity


Related Securities 80% 100%
*In each investment fund, the Money Market & Cash asset allocation will not exceed 40%. Money
Market Instruments are debt instruments of less than one year maturity. It includes mutual funds,
collateralised borrowing & lending obligation, certificate of deposits, commercial papers etc.
Investment in Money Market Instrument supports for better liquidity management.

This plan does not offer premium redirection or switching between investment funds,
except switching of risk profile under the LifeCycle Option.

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BSLI Saral Wealth Plan
Policy Administration Charge MONITORING YOUR INVESTMENTS
A policy administration charge of 0.25% per month of the annual savings premium is You can monitor your investments
deducted monthly by canceling units from the investment fund/s at that time. This
• on our website (www.birlasunlife.com) with your CPIN and TPIN number;
charge is guaranteed to never increase for the first three years, after which it can be
increased by no more than by 5% per annum since inception. • through the annual statement detailing the number of units you have in each
investment fund and their respective unit price as of the last policy anniversary; and
Fund Management Charge
• through the published unit prices of all investment funds on our website as well as
The daily unit price of each investment fund is adjusted to reflect the
in the newspapers
fund management charge. This may be increased by us in the future subject to
IRDA approval.

Investment Fund FMC


Income Advantage 1.00%
Enhancer 1.25%
Maximiser 1.35%

Mortality Charge

Mortality charge is deducted every month for providing you with the insurance cover. It
is charged by canceling units from the investment fund/s at that time. It is guaranteed
never to increase.

Sample rates are provided for your reference. Please visit our website or ask your
financial advisor for the rates applicable to you.

Charge per 1000 Sum Assured


Male Female
Entry age 10 pay/ 10 pay/ 20 pay/ 10 pay/ 10 pay/ 20 pay/
10 term 20 term 20 term 10 term 20 term 20 term
18-30 2.718 5.546 3.555 2.718 5.546 3.555
35 3.185 6.464 4.317 2.860 5.834 3.794
40 4.095 8.130 5.704 3.485 7.030 4.787
45 5.705 10.892 8.009 4.620 9.053 6.473
50 8.390 15.460 11.810 6.653 12.462 9.322
55 12.397 23.389 17.811 9.793 18.088 13.886

Surrender Charge

BSLI Saral Health Plan


Surrender charge is applicable if policy is surrendered before the completion of 5
policy years. The amount you will receive on surrendering the policy is the Fund Value
less the surrender charges. This charge is guaranteed to never increase.

Per 1000 of Annual Savings Premium


Policy year 10 pay/10 term 10 pay/20 term 20 pay/20 term
<3 800 900 1000
3 to < 4 400 450 500
4 to < 5 200 225 250
5 onwards Nil Nil Nil

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BSLI Saral Wealth Plan
POLICY CHARGES ACCESSING YOUR INVESTMENTS
Premium Allocation Charge Partial Withdrawal
Premium allocation charge is deducted from the policy premium before it is invested In case you need to withdraw some amount from your investments, you are allowed to
in the chosen funds. Premium allocation charge is deducted on the Rs. 10,000 of make unlimited partial withdrawals after 3 policy years with no additional cost. The
Minimum Policy Premium plus Additional Premium (if any). It is guaranteed never to minimum amount of partial withdrawal is Rs. 5,000. There is no maximum limit, but
increase. you are required to maintain a minimum Fund Value equal to one annual policy
Premium Allocation Charge premium plus surrender charges, if any.

Policy year 10 pay/10 term 10 pay/20 term 20 pay/20 term For the Guaranteed Option, in case of partial withdrawals, the Guaranteed Maturity
1-3 17.00% 24.00% 30.00% Benefit (as of the withdrawal date) is reduced by 110% of the proportion of the Fund
4 onwards Nil Nil Nil Value withdrawn. For example, if 20% of Fund Value is withdrawn, the Guaranteed
Maturity Benefit is reduced by 22%.
Policy Administration Charge
Policy Surrender
A policy administration charge of 0.25% per month on the Rs. 10,000 of Minimum
The plan offers the flexibility of surrendering the policy if the need arises, anytime
Policy Premium plus Additional Premium (if any) is deducted monthly by canceling
during the tenure of the policy. On surrender, you will receive the Fund Value (net of any
units from the investment fund/s at that time. This charge is guaranteed to never
surrender charge). There is no surrender charge after your policy completes five
increase for the first three years, after which it can be increased by no more than by
policy years.
5% per annum since inception.
However, if the policy is surrendered before completing 3 policy years, we will defer the
Fund Management Charge
payment till the end of the third policy year. The deferred payment will be an amount
The daily unit price of each investment fund is adjusted to reflect the fund management equal to the Fund Value (net of surrender charge) as of the date of surrender and will
charge. This may be increased by us in the future subject to IRDA approval. remain constant till paid to you.

Investment Fund FMC MONITORING YOUR INVESTMENTS


Income Advantage 1.00%
You can monitor your investments
Maximiser 1.35%
• on our website (www.birlasunlife.com) with your CPIN and TPIN number;
Morbidity Charge
• through the annual statement detailing the number of units you have in each
Morbidity charge is deducted every month during the premium paying term for investment fund and their respective unit price as of the last policy anniversary; and
providing you with the insurance cover. It is charged by canceling units from the
• through the published unit prices of all investment funds on our website as well as
investment fund/s at that time. It is guaranteed for 3 years and can be revised
in the newspapers
thereafter subject to IRDA approval.

Sample rates are provided for your reference. Please visit our website or ask your POLICY CHARGES
financial advisor for the rates applicable to you.
Premium Allocation Charge
Annual Morbidity Charge
BSLI Saral Health Plan

Premium allocation charge is deducted from the savings premium before it is invested
Male Female in the chosen funds. It is guaranteed never to increase.
Entry age 10 pay/ 10 pay/ 20 pay/ 10 pay/ 10 pay/ 20 pay/
10 term 20 term 20 term 10 term 20 term 20 term Percentage of Annual Savings Premium Paid

18-25 1,686 3,562 2,180 1,686 3,562 2,180 Policy year 10 pay/10 term 10 pay/20 term 20 pay/20 term

30 1,812 4,278 2,603 1,756 3,950 2,404 1-3 17.00% 24.00% 30.00%
35 2,043 5,314 3,276 1,934 4,844 2,968 4 onwards Nil Nil Nil
40 2,493 7,009 4,365 2,282 6,237 3,869
45 3,134 9,576 6,023 2,847 8,448 5,289
50 4,083 13,069 8,289 3,657 11,523 7,303

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BSLI Saral Wealth Plan
Enhancer
Objective: To grow capital through enhanced returns over a medium to long-term
period through investments in equity and debt instruments, thereby providing a good
balance between risk and return. It is suitable for individuals seeking, higher returns
with a balanced equity-debt exposure.

Strategy: To earn capital appreciation by maintaining a diversified equity portfolio and


seek to earn regular returns on the fixed income portfolio by active management
resulting in wealth creation for policy owners.

Maximiser
Objective: To provide long term capital appreciation by actively managing a well-
diversified equity portfolio of fundamentally strong blue chip companies.

Strategy: To build and actively manage a well-diversified equity portfolio of value and
growth driven stocks by following a research focused investment approach. While
appreciating the high risk associated with equities, the fund would attempt to
maximize the risk-return pay off for the long-term advantage of the policyholders. The
fund will also explore the option of having exposure to quality mid cap stocks. The
non-equity portion of the fund will be invested in good rated money market
instruments and fixed deposits.

The portfolio of different investment funds is given below:

Investment Fund Risk Profile Asset Allocation * Min. Max.


Debt Instruments,
Money Market & Cash 100% 100%
Income Advantage Very Low
Equities & Equity
Related Securities 0% 0%
Debt Instruments,
Money Market & Cash 65% 80% Health Reimbursement Benefit Charge
Enhancer Medium
Equities & Equity No charge is levied on the first 4 Health Reimbursement Benefit claims in a policy year.
Related Securities 20% 35%
Subsequent claims will be charged Rs. 250 per claim. This charge may be increased
Debt Instruments, in future subject to a maximum of Rs. 1,000.
Money Market & Cash 0% 20%
Maximiser High Revival Charge
Equities & Equity
Related Securities 80% 100% An amount of Rs. 100 is charged for policy revival. This amount may increase in future
subject to a maximum of Rs. 1,000.

BSLI Saral Health Plan


*In each investment fund, the Money Market & Cash asset allocation will not exceed 40%. Money
Market Instruments are debt instruments of less than one year maturity. It includes mutual funds, Service Tax
collateralised borrowing & lending obligation, certificate of deposits, commercial papers etc.
Investment in Money Market Instrument supports for better liquidity management. Service Tax and other levies, as applicable, will be extra and levied as per the extant
tax laws.
This plan does not offer premium redirection or switching between investment
options, investment funds, except switching of risk profile under the LifeCycle Option. IRDA Approval

Only when specified and within stated limits, we may increase a particular charge at
any time in the future. We, however, need to get prior approval from the IRDA before
such charge increase is effective. Otherwise, all other charges in this policy are
guaranteed to never increase during the tenure of the policy.

Page 8 Page 37
BSLI Saral Wealth Plan
POLICY PREMIUM Switching your Risk Profile

You can choose to pay your premiums monthly, quarterly, semi-annually or annually, You can change your risk profile at any time with no additional cost. All premiums paid
as per your convenience. from that point onwards will be invested in the Maximiser and Income Advantage
according to your new risk profile.
Your premium payable is the minimum policy premium plus additional premium
chosen by you. Automatic Rebalance of your investments

Minimum Policy premium is: We will automatically rebalance your investment portfolio on each policy anniversary
to ensure that it maintains the predetermined proportion in Maximiser and Income
Entry Age 10 pay/ 10 pay/ 20 pay/ Advantage as per the risk profile you have selected at no additional charge.
Male Female 10 term 20 term 20 term
18-25 18-27 11,859 13,928 12,405 Guaranteed Option

26 28 11,886 14,055 12,478 Under the Guaranteed Option, your money is solely invested in investment fund
27 29 11,912 14,200 12,560 Enhancer. Details about this fund are explained later. Under this option, a Guaranteed
28 30 11,937 14,357 12,652 Maturity Benefit is offered, if you have paid your premiums for at least five full policy
years. On maturity, higher of Fund Value or Guaranteed Maturity Benefit is payable.
29 31 11,965 14,530 12,755
30 32 11,999 14,719 12,871 INVESTMENT FUNDS
31 33 12,036 14,908 12,992
Income Advantage
32 34 12,081 15,117 13,126
Objective: To provide capital preservation and regular income, in high quality debt
33 35 12,133 15,343 13,274
instruments.
34 36 12,191 15,588 13,435
35 37 12,254 15,861 13,613 Strategy: To actively manage the fund by building a portfolio of fixed income
instruments with a medium term duration. The fund will invest in government
36 38 12,329 16,168 13,811
securities, high rated corporate bonds, high quality money market instruments and
37 39 12,416 16,507 14,028
other fixed income securities. The quality of the assets purchased would aim to
38 40 12,517 16,879 14,267 minimize the credit risk and liquidity risk of the portfolio. The fund will maintain
39 41 12,629 17,285 14,529 reasonable level of liquidity.
40 42 12,750 17,731 14,815
41 43 12,871 18,220 15,127
42 44 13,001 18,751 15,468
43 45 13,140 19,318 15,833
44 46 13,290 19,919 16,224
45 47 13,457 20,562 16,643
46 48 13,636 21,243 17,088
47 49 13,828 21,960 17,559
BSLI Saral Health Plan

48 50 14,034 22,710 18,055


49 - 14,256 23,520 18,581
50 - 14,504 24,415 19,142

Page 38 Page 7
BSLI Saral Wealth Plan
• Under Section 80C, premiums up to Rs. 100,000 are allowed as a deduction from TERMS & CONDITIONS
your taxable income each year
Premium Discontinuance
• Under Section 10 (10D), the benefits you receive from this plan are exempt from If you are unable to pay the policy premium by the due date, you will be given a grace
tax, subject to mentioned exclusions period of 30 days during which time the insurance cover under your policy will
continue.
SAVINGS PREMIUM AND SUM ASSURED
If you do not pay your premium within the said grace period of 30 days, the following
You can choose any annual savings premium starting from Rs. 10,000 in multiples will be applicable:
of Rs. 1,000. Your Sum Assured is automatically 6 times the annual savings • During the first three policy years – Your policy will lapse if we do not receive the
premium chosen. entire policy premium by the end of the grace period. All insurance cover under
your policy will cease without value.
YOUR INVESTMENT OPTIONS
You can revive your policy within two years from its lapse date by paying all
Simplicity being our guiding theme, we offer two simple options for you to choose from outstanding policy premiums and providing us with evidence of insurability
for your investments. satisfactory to us. If the life insured dies while the policy is not yet revived, we will
pay the fund value as of the lapse date immediately and terminate the contract.
LifeCycle Option
• After three completed policy years – If we do not receive the entire policy premium
Under the LifeCycle Option, your portfolio will be structured as per your age and risk by the end of the grace period, you will be given a period of two years to pay all
profile – you can decide whether you are conservative, moderate or aggressive in your outstanding premiums till date. After this two-year period, no premiums will be
approach towards investments. Your portfolio will then be monitored and accepted by us. During this two-year period and thereafter, your policy with all
administered by us, saving you the time and effort involved in overseeing it yourself. insurance cover and charges will continue until the Fund Value is exhausted.
We automatically shift your investments from riskier assets to safer assets in line with Free-look Period
your increasing age and risk profile.
You will have the right to return your policy to us within 15 days from the date of receipt
We will invest your premiums between the two investment funds, Maximiser of the policy. We will pay the fund value plus all charges levied till date (excluding the
(100% equity) and Income Advantage (100% debt) in a predetermined proportion fund management charge) once we receive your written notice of cancellation (along
based on the selected risk profile and your age when the premium is invested. Details with reasons thereof) together with the original policy documents. Depending on our
about these two funds are explained later. then current administration rules, we may reduce the amount of the refund by
expenditures incurred by us in issuing your policy and as permitted by the IRDA and in
The proportion invested in Maximiser (100% equity) will be according to the accordance to IRDA (Protection of Policyholders Interest) Regulations, 2002.
schedule given below – the remaining amount will be invested in Income Advantage
Unit Price
(100% debt):
On each business day and for each investment fund, we determine the unit price by
Age dividing the net asset value (NAV) of the investment fund at the valuation time by the
Risk Profile 18 - 30 31 - 40 41 - 50 51 - 60 61 - 70 71+ number of units in existence for the investment fund in question. We publish the unit
price of all investment funds on our website www.birlasunlife.com as well as in the
Conservative 50% 40% 30% 15% 0% 0% newspapers.
Moderate 70% 60% 50% 35% 20% 5% The NAV is determined based on whether we are purchasing (appropriation price) or
Aggressive 90% 80% 70% 55% 40% 25% selling (expropriation price) assets in order to meet the daily transactions of unit
allocation or redemption associated with the investment fund. When appropriation

BSLI Saral Health Plan


For example – if person A aged 35 years, opts for a policy term of 20 years with (expropriation) price is applied, the NAV of the investment fund is the market value of
LifeCycle Option and a conservative risk profile, then based on the age and the risk investments held by the fund; plus (less) the expenses incurred in purchasing (selling)
profile the investment portfolio will change with time as below: assets; plus the value of current assets; plus any accrued income net of fund
management charges; less the value of any current liabilities or provisions. This NAV
Percentage of investments in divided by the number of units existing on the valuation date, before units are allocated
Age (redeemed), gives the amount of money we put in to (take out of) the investment fund
Maximiser Income Advantage
per unit allocated (redeemed).
Age 31-40 40% 60%
Section 41 of the Insurance Act, 1938
Age 41-50 30% 70%
No person shall allow or offer to allow, either directly or indirectly, as an inducement to
Age 51-60 15% 85% any person to take or renew or continue an insurance in respect of any kind of risk

Page 6 Page 39
BSLI Saral Wealth Plan
relating to lives or property in India, any rebate of the whole or part of the commission THE SARAL PROCESS
payable or any rebate of the premium shown on the policy, nor shall any person taking
out or renewing or continuing a policy accept any rebate, except such rebate as may You can buy this plan in 3 simple and convenient steps
be allowed in accordance with the published prospectuses or tables of the insurer.
1. Choose your pay term and policy term
Section 45 of the Insurance Act, 1938 You have an option to choose from 10 pay / 10 term, 10 pay / 20 term, 20 pay /
No policy of life insurance effected after the coming into force of this Act shall, after the 20 term.
expiry of two years from the date on which it was effected be called in question by an 2. Choose your savings premium
insurer on the ground that statement made in the proposal or in any report of a medical You choose your annual savings premium and automatically your sum assured is
officer, or referee, or friend of the life insured, or in any other document leading to the calculated as 6 times the amount chosen.
issue of the policy, was inaccurate or false, unless the insurer shows that such 3. Choose your investment option
statement was on a material matter or suppressed facts which it was material to You have a choice to invest your money in either the 'LifeCycle' Option or the
disclose and that it was fraudulently made by the policyholder and that the 'Guaranteed' Option. LifeCycle Option for individuals who would like their
policyholder knew at the time of making it that the statement was false or that it investments to alter over time based on their age and risk profile. Guaranteed
suppressed facts which it was material to disclose. Option for individuals who would like to receive a minimum amount guaranteed at
Provided that nothing in this section shall prevent the insurer from calling for proof of the end of the policy term.
age at any time if he is entitled to do so, and no policy shall be deemed to be called in
question merely because the terms of the policy are adjusted on subsequent proof Above all, you don't go through the trouble of any medical test.
that the age of the life insured was incorrectly stated in the application.
BENEFITS OF BSLI SARAL WEALTH PLAN
Important Definitions
Maturity Benefit
“Day” in Hospital – means a period of a full 24 hours during a period of confinement.
The first Day of confinement shall commence at the time of admission to the Hospital Maturity benefit is payable only at the end of the policy term and only if the policy is still
and each subsequent Day shall commence 24 hours after the commencement of the in effect at that time. You will receive the Fund Value plus Guaranteed Addition at
previous Day. In the event of the time of discharge of the life insured from the Hospital maturity. The Guaranteed Addition is according to the following schedule (per
being more than 12 hours, but less than 24 hours from the end of the previous Day, Rs. 1,000 of one Annual Savings Premium), provided all premiums are paid.
then the day of discharge shall also be regarded as a Day.
10 pay / 10 term 10 pay / 20 term 20 pay / 20 term
“Hospital”- means any institution established for indoor or in-patient care and day
care treatment of sickness and/or injuries and which has been registered either as a Guaranteed Addition Rs. 300 Rs. 800 Rs. 1,000
Hospital or Nursing Home with the local authorities and is under the supervision of a
registered and qualified Medical Practitioner OR must comply with all minimum criteria In addition, if you have selected the Guaranteed Option, your Fund Value at maturity is
as under: guaranteed to be no less than the Guaranteed Maturity Benefit. The Guaranteed
Maturity Benefit is a percentage of the aggregate savings premiums paid by you, as
• Has at least 10 inpatient beds, in those towns having a population of less than
given below:
10,00,000 and 15 inpatient beds in all other places;
• Has fully qualified nursing staff under its employment round the clock; Years Premiums Paid 10 pay / 10 term 10 pay / 20 term 20 pay / 20 term
• Has fully qualified doctor(s) in charge round the clock;
• Has a fully equipped operation theatre of its own where surgical procedures are Less than 5 - - -
carried out; and 5 to less than 10 100% 100% 100%
• Maintains daily records of patients and will make these accessible to us.
10 or more 105% 125% 125%
BSLI Saral Health Plan

Hospital does not include any institution which is operated primarily as a convalescent
or rest home or a sanatorium, or a home for the aged, or a place for rehabilitation of
Death Benefit
alcoholics or drug addicts, or for any similar purpose.
“Medically Necessary”- refers to a procedure, a treatment or a period of The nominee will receive the Sum Assured PLUS the Fund Value in the unfortunate
hospitalization which is ordered by a registered medical practitioner and event of the death of the life insured.

• Which is required for the diagnosis or direct treatment of a medical condition, and Current Tax Benefits
• Appropriate and consistent with the symptoms and findings or diagnosis and
treatment of the life insured medical condition, and The policy offers tax benefits under Section 80C and Section 10(10D) of the Income
• Provided in accordance with generally accepted medical practice on a national Tax Act, 1961.
basis, and

Page 40 Page 5
BSLI Saral Wealth Plan
In this policy, the investment risk in the investment portfolio is borne by the • Not of an experimental nature, not of an investigative nature and not in the
policyholder. nature of research.
“Pre-existing Disease” - means a condition (illness or bodily injury) for which, prior
You have always wanted to give your family the benefit of an insurance plan but may
to the effective date of the policy:
have found the process of choosing and applying for the right plan a cumbersome
one. With Birla Sun Life Insurance Saral Solutions choosing and applying for the right • the life insured had signs or symptoms which would have caused any ordinary
prudent person to seek treatment, diagnosis or care, or
wealth solution is now simple and easy.
• medical advice or treatment was recommended by or received from a physician,
Introducing BSLI Saral Wealth Plan, an insurance plan that provides you the benefits or
• the life insured had undergone medical tests or investigations
of insurance without any medical tests, offers you extra protection for your loved ones
and an option to enjoy Guaranteed Maturity Benefits. Any congenital disorder, or related illness or complication arising out of or in
connection with a pre-existing medical condition, shall be considered part of that
THE SALIENT BENEFITS IN THIS PLAN ARE: pre-existing medical condition.

• You choose your saving premium and you are offered a cover of six times of the “Surgery” - means a medically necessary procedure or intervention performed by a
qualified medical professional and carried out through a natural orifice or approached
chosen savings premium. This will ensure financial protection for your loved ones
by the cutting or penetration of any part of the body to treat a disease, deformity or
• You have the option to choose a guaranteed maturity benefit to receive a injury.
guaranteed amount on maturity. For this you require to pay a nominal additional “Heart Attack” - means the first occurrence of Heart Attack or myocardial infarction
premium and you will receive a guaranteed amount based on the number of which means the death of a portion of the heart muscle, as a result of an acute
premiums you pay and the policy term interruption of blood supply to the myocardium. The diagnosis must be based on a
history of typical chest pain, new characteristic electrocardiographic changes proving
• In case of the unfortunate event of your death, the nominee will receive an amount infarction, and significant elevation of cardiac enzymes. Diagnosis must be confirmed
equal to Sum Assured PLUS the Fund Value. Thus providing your family with by a consultant cardiologist acceptable to us. Angina is specifically excluded.
enhanced protection

• Above all, you don't go through the trouble of any medical tests

This plan is meant for you if:

• You are in the age group of 18 to 55 years today

• You are looking at a Saving Premium of Rs. 10,000 or more annually

• Your replies to the questions relating to your medical history are favorable

However, if you do not find this plan suitable our advisors will be happy to recommend
alternate solutions from our wide range of BSLI wealth with protection solutions or you
could visit our website to explore all the options on your own.

THINGS YOU SHOULD KEEP IN MIND

BSLI Saral Health Plan


The BSLI Saral Wealth Plan is a non-participating, unit linked savings plan. All unit
linked life insurance plans are different from traditional insurance plans and are subject
to different risk factors. The name of the investment funds and that of this plan do not
in any way indicate the quality of the plan or future returns.

In this plan, the investment risk in the investment options chosen by you is borne by
you. Investment funds are subject to investment risks and unit prices may go up or
down reflecting the market value of the underlying assets. Past performance is no
guarantee of future results.

Page 4 Page 41
BSLI Saral Wealth Plan
“Cancer”- means a malignant tumour characterized by the uncontrolled growth
and spread of malignant cells and the invasion of tissue. The diagnosis must be
histologically confirmed. The term cancer includes leukaemia but the following
cancers are excluded:
• all forms of lymphoma, Kaposi's sarcoma in the presence of any Human
Immunodeficiency Virus;
• any skin cancer other than invasive malignant melanoma;
• all tumours which are histologically described as pre-malignant, non-invasive
or carcinoma in situ;
“Stroke” - means a cerebrovascular incident producing neurological sequelae of a
permanent nature, having lasted not less than six months. Infarction of brain tissue,
haemorrhage and embolisation from an extra-cranial source are included.
The diagnosis must be based on changes seen in a CT scan or MRI and certified by
a neurologist acceptable to us. Excluded are:
• Transient ischemic attacks (TIA);
• Traumatic injury of the brain;
• Vascular disease affecting only the eye or optic nerve or vestibular functions;
“Major Organ transplant” - means actual undergoing of a transplant as a
recipient of:
• Human bone marrow using haematopoietic stem cells, preceded by total
bone marrow ablation; or;
• One of the following human organs: heart, lung, liver, kidney that resulted
from irreversible end - stage failure of the relevant organ;
Other stem-cell transplants are excluded. The undergoing of a transplant must be
confirmed by a specialist medical practitioner.
What is not covered under this plan?
No health insurance benefit is available hereunder and no payment will be made by us
for any claim directly or indirectly caused by, based on, arising out of or howsoever
attributable to any of the following:
• Any sickness related condition manifesting itself within 90 days from the effective
date of the policy or revival thereof, whichever is later. Only claims in respect of
injuries caused by accidents will be payable during this 90-day waiting period
• Any Pre-existing disease and its complications;
• AIDS, HIV related complications or any Sexually Transmitted Diseases;
• Attempted suicide or self inflicted injury, irrespective of the mental condition
• Hazardous sports or activities included but not limited to bungee jumping,
mountaineering etc;
BSLI Saral Health Plan

• Any flying activity other than as a bonafide passenger;


• Under the influence of alcohol, drugs or any substance not prescribed by a
Registered Medical Practitioner;
• War, terrorism, riots, civil commotion, strikes, civil war or service in the military or
paramilitary forces of a country at war;
• Criminal, unlawful or illegal activity participation;
• Exposure to radioactive or nuclear fuel; Birla Sun Life Insurance
• Diagnosis or treatment taken outside India;


Psychiatric or mental illness;
Circumcision, any Cosmetic procedures or Plastic Surgery;
Saral Wealth Plan
A plan with extra protection for you
and your savings

Page 42 Page 3
About Birla Sun Life Insurance • Pregnancy, childbirth or their complications, Abortion, Medical Termination of
Pregnancy, Infertility or sex change operation;
Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya • Organ donation (donor costs);
Birla Group, a well known Indian conglomerates and Sun Life Financial Inc, leading • Rehabilitation or convalescent care or Length beyond customary length of stay;
international financial services organization from Canada. With an experience of over 9 • Congenital conditions, genetic disorders or birth defects;
years, BSLI has contributed significantly to the growth and development of the Indian • Dental Treatment except if arising from an accident;
Life Insurance industry and currently is one of the leading life insurance companies in • Non-Allopathic treatment;
• Purely investigative procedure not resulting in any treatment or unreasonable
the country. Enjoying trust of its over 2 Million customers, BSLI is known for innovation.
failure to seek medical advice;
BSLI offers a complete range of pension, health and life insurance products and has
an extensive reach in over 1500 markets through its network of 600 branches and Not covered for first two policy years
1,64,423 empanelled advisors. This is well supported by the sound financial that the • Hernia Repair;
Company has. The AUM of Birla Sun Life Insurance surpassed Rs. 9,168 crs and it • Corrective procedure for gall stones;
has a robust capital base of over Rs. 1,999.5 crs as on March 31, 2009. • Corrective procedure for kidney or urinary tract stones;
• Discectomy, laminectomy;
For more information, please visit www.birlasunlife.com • Hemi / Partial thyroidectomy;
• Corrective procedure for anal fistula or anal fissure;
About Aditya Birla Group
• Removal of uterus, fallopian tubes and/or ovaries, except for malignancy;
A US $28 billion corporation, the Aditya Birla Group is in the league of Fortune 500 • Corrective procedure for fibroids, uterine prolapse, or dysfunctional uterine bleeding;
worldwide. It is anchored by an extraordinary force of 100,000 employees, belonging • Corrective procedures for haemorrhoids;
to 25 different nationalities. The group operates in 25 countries across six continents – Risk Factors & Disclaimers
truly India's first multinational corporation.
This policy is underwritten by Birla Sun Life Insurance Company Limited (BSLI). This is
Aditya Birla Group through Aditya Birla Financial Services Group (ABFSG), has a a non-participating unit linked health plan. Birla Sun Life Insurance, Saral Health Plan,
strong presence across various financial services verticals that include life insurance, LifeCycle Option, Income Advantage and Maximiser are only the names of the
fund management, distribution & wealth management, security based lending, Company, Policy, Investment Options and the Investment Funds respectively and do
insurance broking, private equity and retail broking. In FY 2008-09, the consolidated not in any way indicate the quality of the Policy, Investment Funds or their future
prospects or returns. The charges mentioned above are applicable to all the two
revenues of ABFSG from these businesses crossed Rs. 4763 crs registering a growth
Investment Funds offered at present. Only the Policy Administration Charge, Morbidity
rate of 36%.
Charge and Fund Management Charge can be modified by the Company subject to
For more information, please visit www.adityabirla.com specified limits and approval of the IRDA. The value of the Investment Fund reflects the
value of the underlying investments. These investments are subject to market risks
About Sun Life Financial Inc. and change in fundamentals such as tax rates etc affecting the investment portfolio.
The premium paid in unit linked health insurance policies are subject to investment risk
Sun Life Financial is a leading international financial services organization providing a associated with capital markets and the unit price of the units may go up or down
diverse range of protection and wealth accumulation products and services to based on the performance of Investment Fund and factors influencing the capital
individuals and corporate customers. Chartered in 1865, Sun Life Financial and its market and the policy owner is responsible for his/her decisions. There is no
partners today have operations in key markets worldwide, including Canada, the guarantee or assurance of returns from the Investment Funds. BSLI reserves the right
United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, to recover levies such as the Service Tax levied by the authorities on insurance
Indonesia, India, China and Bermuda. As of March 31, 2009, the Sun Life Financial transactions. If there be any additional levies, they too will be recovered from you. This
group of companies had total assets under management of $375 billion. brochure contains the salient features of the plan. For further details please refer to the

BSLI Saral Health Plan


policy contract. Tax benefits are subject to changes in the tax laws. Insurance is the
For more information, please visit www.sunlife.com subject matter of the solicitation. For more details and clarification call your BSLI
Insurance Advisor or visit our website and see how we can help in making your dreams
come true.

Page 2 Page 43