What more would you wait for, to protect your whole life?

Transcription

1 What more would you wait for, to protect your whole life? Birla Sun Life Insurance ClassicLife Premier Plan Provides good returns and greater whole life protection at minimal charges

2 In this policy, the investment risk in investment portfolio is borne by the policyholder. For the select few like you, settling for anything short of the best is an unthinkable compromise. We, at Birla Sun Life Insurance, understand you and hence have created a plan that keeps pace with your ever growing success. ClassicLife Premier is a plan that not only helps you save for the future but also lets you reap rich benefits from the investments of your choice especially at a time when your need for family protection reduces significantly. We realize that when you look at a life insurance policy, you look for something that will act as a protector as well as an enhancer. The unit linked, investment-oriented insurance plan is as flexible as life and will help you strike the right proportion between protection and savings during your life yet last you a lifetime. ABOUT BIRLA SUN LIFE INSURANCE? Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya Birla Group, a well known Indian conglomerates and Sun Life Financial Inc, leading international financial services organization from Canada. With an experience of over 9 years, BSLI has contributed significantly to the growth and development of the Indian Life Insurance industry and currently ranks amongst the top 5 private life insurance companies in the country. Enjoying trust of its over 2 Million customers, BSLI is known for innovation. It was the first Indian Insurance Company to introduce Free Look Period and Benefit illustrations, which were subsequently made mandatory by IRDA for the industry. 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 1,64,423 empanelled advisors. This is well supported by the sound financial that the Company has. The AUM of Birla Sun Life Insurance surpassed Rs. 9,168 crs and it has a robust capital base of over Rs. 1,999.5 crs as on March 31, For more information, please visit

3 ABOUT ADITYA BIRLA GROUP A US $28 billion corporation, the Aditya Birla Group is in the league of Fortune 500 worldwide. It is anchored by an extraordinary force of 100,000 employees, belonging to 25 different nationalities. The group operates in 25 countries across six continents truly India's first multinational corporation. Aditya Birla Group through Aditya Birla Financial Services Group (ABFSG), has a strong presence across various financial services verticals that include life insurance, fund management, distribution & wealth management, security based lending, insurance broking, private equity and retail broking. In FY , the consolidated revenues of ABFSG from these businesses crossed Rs crs, registering a growth rate of 36%. For more information please visit ABOUT SUN LIFE FINANCIAL INC. Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of March 31, 2009, the Sun Life Financial group of companies had total assets under management of $375 billion. For more information please visit HOW DOES THE CLASSICLIFE PREMIER ENSURE ME SUPERIOR BENEFITS? The plan is a unit linked non participating savings plan You have the choice of ten Investment Fund Options with the flexibility to allocate the premiums in varying proportions into the different Fund Options of your choice or even switch* from one or more Investment Fund(s) to other Investment Fund(s) You can Top Up your Fund Value whenever you have additional savings. The minimum amount of Top Ups will be Rs. 10,000 The plan offers you further benefits in the form of additional units, which will be th added to the Fund Value at the end of the 10 policy year and at the end of every 5th year thereafter There is high liquidity in the form of Partial Withdrawals and surrender benefits Death benefits, which will be higher of the Fund Value or Sum Assured, reduced by the applicable partial withdrawals (refer section on death benefits given later in the brochure) WHAT ARE THE OPTIONS AVAILABLE IN THE PRODUCT? Entry Age Minimum Entry Age: 30 days for 20 and 30 term, 8 years for the 10 term and 30 years for Whole Life Maximum Entry Age: For 10 years term - 60years

4 For 30years term - 40years For Whole Life - 60years Duration of the product You have the option of taking the plan for 10 years, 20 years, 30 years or Whole Life. Minimum Duration: 10 years Maximum Duration: 70 years (Please note that Whole Life is assumed to be 100 years) Maturity age: 70 years for the terms - 10, 20, 30 years 100 years for Whole Life Minimum Sum Assured: Rs. 2,00,000 Premium Payment Term The premium is payable for the payment term that you opt for. You have the following option to choose from: For 10 years term: 3 years, 5 years or regular Coverage Paying Period. For 20 years, 30 years term and Whole Life: 5 years, 10 years or regular Coverage Paying Period. WHAT ARE THE PREMIUMS THAT I NEED TO PAY AND THE VARIOUS PAYMENT OPTIONS? Premium Amount The premium amount is entirely flexible subject to a minimum annual premium amount of Rs. 25,000 and minimum Sum Assured of Rs. 2,00,000.There is no limit for the maximum premium amount. To give you an idea of the flexibility in the premium payment, the plan allows you to: Pay Top Up Premiums whenever you have additional savings You can pay additional amounts over and above the regular premium amount from inception whenever you have additional savings. These amounts, which you deposit, get added to your Fund Value so that you do not have to look for other investment opportunities for your money. The minimum amount of Top Up Premium will be Rs. 10,000. The maximum amount of Top Up in a policy year can not exceed one annualised premium or Rs.5,00,000 whichever is lower. If the amount of Top Up Premiums paid exceeds 25 percent of the annualised premiums paid till date it will result in a proportionate increase in the Sum Assured subject to then prevailing underwriting and administrative rules. The amount of additional Sum Assured will amount to 125% of the excess Top Up Premium. Pay your premiums at your convenience You have the option of paying the premiums on a monthly (through ECS only), quarterly, semiannual and annual basis. (Please note that the minimum annual premium should be Rs /- for any mode of premium payment). Choose the mode for paying your premiums You have an option to pay your premiums through Cash, Cheque, Credit Card, Salary Deduction, ECS, Direct Debit.

5

6 HOW MUCH LIFE INSURANCE COVER IS AVAILABLE IN THE PLAN? Sum Assured The Sum Assured can be any multiple of your choice of the annualized premium amount that you choose to pay subject to a minimum multiple of 5 times and the minimum Sum Assured of Rs. 2,00,000. The minimum Sum Assured will be as per the formula 0.5 * Benefit Term * annualized premium subject to the following multiples: Term Minimum Multiple of Annual 10 years 5 times annual premium 20 years 10 times annual premium 30 years 15 times annual premium Whole Life years years years years However, the minimum Sum Assured for 10 years term will be five times the annual premium or Rs. 2,00,000 whichever is higher. The maximum multiple is dependent on your age and Coverage Paying Period chosen by you. CHOICE OF INVESTMENT FUND OPTIONS You can choose from ten Investment Fund Options to match your risk profile and help you earn efficient returns on your funds. If you wish to diversify your risk, you can choose to allocate your premium in varying proportions amongst the available Investment Fund Options.

7 You can switch* between the Investment Fund Options or change the Allocation Percentage into the various Investment Fund Options anytime during the tenure of the policy. The portfolio of the different Investment Fund Options is given below: Investment Risk Asset Allocation* Min. Max. Fund Option Profile Income Very Low Debt Instruments, Money Market & Cash 100% 100% Advantage Equities & Equity Related Securities 0% 0% Assure Very Low Debt Instruments, Money Market & Cash 100% 100% Equities & Equity Related Securities 0% 0% Protector Low Debt Instruments, Money Market & Cash 90% 100% Equities & Equity Related Securities 0% 10% Builder Low Debt Instruments, Money Market & Cash 80% 90% Equities & Equity Related Securities 10% 20% Enhancer Medium Debt Instruments, Money Market & Cash 65% 80% Equities & Equity Related Securities 20% 35% Creator Medium Debt Instruments, Money Market & Cash 50% 70% Equities & Equity Related Securities 30% 50% Magnifier High Debt Instruments, Money Market & Cash 10% 50% Equities & Equity Related Securities 50% 90% Maximiser High Debt Instruments, Money Market & Cash 0% 20% Equities & Equity Related Securities 80% 100% Super 20 High Debt Instruments, Money Market & Cash 0% 20% Equities & Equity Related Securities 80% 100% Multiplier High Debt Instruments, Money Market & Cash 0% 20% Equities & Equity Related Securities 80% 100% * In each Investment Fund Option, 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. You can select the Investment Fund Options based on your risk preference and switch between the Investment Funds based on market performance. See the risk profile of each Asset Class at the end of the brochure. Income Advantage Objective: To provide capital preservation and regular income, at a high level of safety over a medium term horizon by investing in high quality debt instruments. Strategy: To actively manage the fund by building a portfolio of fixed income instruments with medium term duration. The fund will invest in government securities, high rated corporate bonds, high quality money market instruments and 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.

8 Assure Objective: The primary objective of this Investment Fund Option is to provide capital conservation, at a high level of safety and liquidity through judicious investments in high quality short-term debt. Strategy: Generate better return with low level of risk through investment into fixed interest securities having short-term maturity profile. Protector Objective: The objective of this Investment Fund Option is to generate consistent return through active management of fixed income portfolio and focus on creating long-term equity portfolio, which will enhance yield of composite portfolio with minimum risk appetite. Strategy: To invest in fixed income securities with marginal exposure to equity up to 10% at low level of risk. This product is suitable for those who want to preserve their capital and earn steady return on investment through higher exposure to debt securities. Builder Objective: This Investment Fund Option helps build your capital and generate better returns at moderate level of risk, over a medium or long-term period through a balance of investment in equity and debt. Strategy: Generate better return with moderate level of risk through active management of fixed income portfolio and focus on creating long term equity portfolio which will enhance yield of composite portfolio with low level of risk appetite. Enhancer Objective: This Investment Fund Option helps you grow your 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. This Investment Fund Option is suitable for those who want to earn higher return on investment through balanced exposure to equity and debt securities. Strategy: To earn capital appreciation by maintaining diversified equity portfolio and seek to earn regular return on fixed income portfolio by active management resulting in wealth creation for policyholders. Creator Objective: The objective of this Investment Fund Option is to achieve optimum balance between growth and stability to provide long-term capital appreciation with balanced level of risk by investing in fixed income securities and high quality equity security. This Investment Fund Option is for those who are willing to take average to high level of risk to earn attractive returns over a long period of time. Strategy: The strategy is to invest into fixed income securities & maintaining diversified equity portfolio along with active Fund management policyholder's wealth in long run. Magnifier Objective: The objective of this Investment Fund Option is to maximize wealth by managing diversified portfolio.

9

10 Strategy: The strategy is to invest in high quality equity security to provide long-term capital appreciation with high level of risk. This Investment Fund Option is suitable for those who want to have wealth maximization over long-term period with equity market dynamics. Maximiser Objective: To provide long term capital appreciation by actively managing a welldiversified equity portfolio of fundamentally strong blue chip companies. Further, the fund seeks to provide a cushion against the sudden volatility in the equities through some investments in short-term money market instruments. Strategy: To build and actively manage a well-diversifi.ed 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 (P1/A1 & above) money market instruments and fixed deposits. The fund will also maintain a reasonable level of liquidity. Super 20 Objective: To generate long-term capital appreciation for policyholders by making investments in fundamentally strong and liquid large cap companies. Strategy: To build and actively manage an equity portfolio of 20 fundamentally strong large cap stocks in terms of market capitalization by following an in-depth researchfocused investment approach. The fund will attempt to adequately diversify across sectors. The fund will invest in companies having financial strength, robust, efficient & visionary management, enjoying competitive advantage along with good growth prospects & adequate market liquidity. The fund will adopt a disciplined yet flexible long-term approach towards investing with a focus on generating long-term capital appreciation. The non-equity portion of the fund will be invested in high rated money market instruments and fixed deposits. The fund will also maintain reasonable level of liquidity. Multiplier Objective: To provide long-term wealth maximization by actively managing a welldiversified equity portfolio, predominantly comprising of companies whose market capitalization is close to Rs crores and above. Strategy: To build and actively manage a well-diversified equity portfolio of value & growth driven stocks by following a research driven investment approach. The investments would be predominantly made in mid cap stocks, with an option to invest 30% in large cap stocks as well. 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 maintain reasonable level of liquidity. CAN YOU BRIEFLY DESCRIBE THE KEY BENEFITS OF THE PLAN? Guaranteed Additions Guaranteed Additions in the form of additional units will be added to the Fund Value th th on the 10 policy anniversary and on every 5 policy anniversary thereafter while your

11 policy is in effect. The Guaranteed Addition will be 2% of your average Fund Value in the last 60 months. Your average Fund Value in the last 60 months is equal to the sum of your Fund Value on the monthly date, after monthly deductions, in the 60 policy months immediately preceding the Guaranteed Addition calculation, all divided by 60. # Partial Withdrawal Option Partial Withdrawals can be made after three Policy Years or when the Life Insured attains maturity (i.e. on or after attainment of age 18) whichever is later. The minimum Partial Withdrawal amount is Rs.10,000. The maximum Partial Withdrawal amount in a Policy Year is any amount subject to the Policy having a balance Fund Value of Rs. 25,000 plus Surrender Charges applicable in the year of Partial Withdrawal and one Annual Policy Premium or Top Up Premiums, if any, made in the last three years whichever is higher. Surrender Benefit The plan also offers you the flexibility of surrendering your policy if the need arises. There will be no Surrender Charge on policies surrendered after six completed policy years, which means that the entire Fund Value is payable to you in case you surrender the policy anytime after six policy years till maturity. However, if the Policy is surrendered within three years from inception, then the Surrender Value will be paid to you after the completion of the third Policy Anniversary.

12 Death Benefits Below 5 years: If the death of the Life Insured takes place before the commencement of the Policy Anniversary, coinciding with or immediately following the date when the Life Insured attains the age of five, only the Fund Value shall be payable to the Policy Owner. This is not applicable for the Whole Life option. Between 5 years and 60 years: Higher of the Fund Value or The Sum Assured less all applicable Partial Withdrawals made in the last 24 months preceding the death of the Life Insured. 60 years and above: Higher of the Fund Value or Sum Assured less all applicable Partial Withdrawals made since the Life Insured attained the age of 58. Maturity Benefits On maturity of the policy, the Fund Value is payable Under the Whole Life option, on maturity of the policy when the Life Insured attains age 100, the Fund Value is payable and the Policy will be terminated. Tax Benefits Tax benefit on premium payment is governed by Section 80C of the Income Tax Act, Tax exemption on the amounts received by you on maturity or by the beneficiary in the unfortunate event of death and the withdrawals are governed by section 10(10D) of the Income Tax Act, ADDITION OF RIDERS You can further customize your plan by adding any of the following riders: Accidental Death and Dismemberment Rider: It provides 100% of coverage in case of death due to accident; loss of more than one limb or sight in both the eyes or in case of loss of one limb and loss of sight in one eye; 50% coverage in case of loss of one limb or sight in one eye. Term Rider: It provides additional amount of cover in the event of death of the life insured. Critical Illness Rider: It provides a cover in the event of life insured being diagnosed as suffering from any of the four illness specified under the Critical Illness Rider. Critical Illness Plus Rider: It provides a cover in the event of life insured being diagnosed as suffering from any of the seventeen illness specified under the Critical Illness Plus Rider. Critical Illness Woman Rider: It provides a cover against several critical illness including woman specific illness, pregnancy complications and congenital anomalies in a new born child. Waiver of Premium Rider (on TPD and CI): This rider waives payment of future premiums on the happening of any of the

13 unforeseen events as covered under this rider. For further details, please refer to detailed brochure on riders. HOW DO I KEEP TRACK OF THE PERFORMANCE OF MY POLICY? We provide our customers with a high level of transparency in all our plans to put them in total control. In this plan too we provide the NAVs of the different Investment Fund Options on a daily basis in the newspapers and on our website We will send you an annual statement giving details of the number of units held by you under various Investment Fund Options as of the last policy anniversary. Besides we are just a phone call away and you could call us on our toll free number NAV The basis used for calculation of NAV would be the appropriation price and expropriation Price. The Appropriation price shall apply in a situation when the company is required to purchase the assets to allocate the units at the valuation date The Expropriation price shall apply in a situation when the company is required to sell assets to redeem the units at the valuation date. The NAV per unit of each Investment Fund will be calculated as per the prevailing IRDA guidelines mentioned below When Appropriation price is applied: The NAV shall be computed as: (Market Value of Investments held by the fund + The Expenses incurred in Purchase of the Assets + Value of Any Current Assets + Any Accrued Income Net of Fund Management Charges - Value of any Current Liabilities - Provisions, if any) Divided by the number of units existing at valuation date (before any new units are allocated) When Expropriation price is applied: The NAV shall be computed as: (Market Value of Investments held by the fund - The Expenses incurred in Sale of the Assets + Value of Any Current Assets + Any Accrued Income Net of Fund Management Charges - Value of any Current Liabilities - Provisions, if any) Divided by the number of units existing at valuation date (before any new units are allocated) WHAT ARE THE OTHER TERMS AND CONDITIONS IN THE POLICY? Grace Period You can pay your premiums within 30 days after the premium due date. Premium Discontinuance (a) In case the premium is discontinued within first three Policy Years: If the premium is not received on the premium due date, a grace period of 30 days is given. Even at the end of the grace period if the premium is not received, then the Policy will lapse and all Coverages will terminate immediately.

14

15 If the Policy is not revived within two years from the lapse date, the Surrender Value as at the lapse date will be paid out at the end of the third Policy Year or at the end of the revival period whichever is later. In case the Policy is surrendered during the Revival Period, then the Surrender Value as at the lapse date will be paid out at the end of the third Policy Year or the date of Surrender whichever is later. The Surrender Value will be calculated by deducting the Surrender Charges applicable on the lapse date. The Surrender Value will not be affected by the market fluctuations and will remain constant till the time it is paid out. There will be no deduction of the Policy Charges (as set out in the Policy Charges provision) thereafter from the Surrender Value. 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. (b) In case the premium is discontinued after the first three Policy Years: If all due premiums have been received for the first three Policy Years and subsequent due premium is not received on the premium due date, a grace period of 30 days is given. Even at the end of the grace period if the premium is not received, you will be given a period of two years to pay all due and unpaid Policy Premiums. During these two years all Coverages will continue to be in force and all applicable charges will continue to be deducted from the Fund Value till the Surrender Value falls to one Annual Policy Premium. At the end of the two-year period we will give you an option to continue the Policy. If you do not opt to continue the Policy, the Policy will be terminated and the Surrender Value will be paid out. If you decide to continue with the Policy, the Company will not accept further Policy Premium under this Policy. All Coverages will continue to be in force and all applicable charges will continue to be deducted till the Surrender Value falls to one Annual Policy Premium. At this time the Policy will be terminated and the Surrender Value will be paid out. Settlement Option You may opt to continue the Fund Value with BSLI on the Coverage Maturity Date for a further period of five Policy Years. No Life Insurance Coverage will be provided during the settlement period and hence no Mortality Charges will be deducted. Applicable Fund Management Charges will be deducted from the Fund Value till it is paid out. Revival of the Policy If the policy lapses due to non-receipt of premium within first three Policy Years, you can request that it be revived within two years from the lapse date. Revival or Reinstatement of Life Insurance Coverage is subject to the following: wevidence of insurability satisfactory to us with respect to the Life Insured (if applicable); and wcontribution in full of an amount equal to all Policy Premiums due but unpaid till the Effective Date of Revival The Effective Date of Revival is the date on which the above requirements are met and approved by the Company. On this date, the Fund Value as on the lapse date will

16 be re-invested in the Investment Funds at the NAV's applicable on the Effective Date of Revival. All outstanding Policy Charges, if any, for the period between the lapse date and the Effective Date of Revival shall be deducted from the Fund Value. We reserve the right to levy a charge subject to our administrative rules then in force to cover the Underwriting costs arising at the time of Revival. The Revival charge currently is Rs This charge cannot exceed Rs In case of non-receipt of premium after the first three Policy Years, you can continue the Policy by contributing all Policy Premium due but unpaid from the date of Premium Discontinuance, within two years from the end of the grace period after non-receipt of premium. Free Look Period 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 Fund Management Charge) once we receive your written notice of cancellation (along with reasons thereof) together with the original policy documents. Service Tax and other levies Service Tax and other levies, as applicable, will be levied as per the extant tax laws. WHAT ARE THE CHARGES APPLICABLE IN THE POLICY? The Premium Allocation Charges during the premium paying term are as under: Policy year Policy year one Policy years two to three Thereafter Premium Allocation charge (as a percentage of Life Insurance 13% 4% 2% Coverage Premium) The Premium Allocation Charge on Top-up & Underwriting Extra (if Any) is 2%. There is no Premium Allocation Charge on Rider Coverage Premium. The Premium Allocation Charge is guaranteed. The following Policy Charges will be recovered from the Fund Value. 1) The Mortality Charge of the Life Insurance Coverage will be deducted by cancellation of units on a monthly basis at the prevailing NAV. The annual Mortality Charge per thousand of the Sum at Risk (Sum Assured Less the Fund Value) for sample ages are as follows: Sex/Age (in years) Female Male The Mortality Charge will be guaranteed over the duration of the contract. An Underwriting Extra (if any) is an additional amount that will be recovered from the Fund Value by cancellation of units on a monthly basis. 2) A Fund Management Charge not exceeding 1.75% per annum of the Fund Value

17 will be charged by adjustment of the daily NAVs. Currently this charge is 1.00% per annum for Income Advantage, Assure, Protector and Builder, 1.25% per annum for Enhancer and Creator, 1.50% per annum for Magnifier, Maximiser and Super 20 and 1.75% for Multiplier. 3) A Policy Administration Charge will be recovered by canceling units on a monthly basis at the prevailing NAV. The annual Policy Administration Charge per 1000 of the Life Insurance Coverage Sum Assured is given in the table below: Policy Administration Charge Life Insurance Coverage Life Insurance Coverage Life Insurance Coverage Sum Assured Sum Assured Sum Assured Rs. 2,00,000 to 7,49,999 Rs. 7,50,000 to 19,99,999 Rs. 20,00,000 & above On amount On amount On amount On the first in excess of On the first in excess of On the first in excess of 2,00,000 2,00,000 7,50,000 7,50,000 20,00,000 20,00,000 Policy Year For 3 and 5 Coverage Paying Periods 1 to Thereafter Policy Year For all other Coverage Paying Periods 1 to Thereafter This annual charge cannot exceed Rs. 10 per thousand of the Life Insurance Coverage Sum Assured. For example, suppose you had chosen a Sum Assured of Rs 10,00,000 with a pay period of 3 years. In this case the total Policy Administration Charge in Year 1 is 2.71 * * ( ) = 2470 and the amount Rs 2470/12 = will be deducted on every monthly processing date by cancellation of units during the first Policy Year. 4) The Surrender Value is calculated after deducting the Surrender Charges applicable at the time of surrender. The Surrender Charges are levied as a percentage of the Annual Life Insurance Coverage Premium payable. The Surrender Charges levied on this Policy are as per the table below: Policy Year Surrender Charge Year 1 30% Year 2 20% Year 3 15% Year 4 10% Year 5 8% Year 6 6% Year 7 onwards 5) If there are attached Riders, a Rider Premium Charge will be realised by cancellation of units on a monthly basis based on the equivalent monthly Rider Coverage Premium Nil

18 payable when the Rider Coverage Payment Period equals the Rider Coverage Benefit Period. Rider Coverage Premiums may be subject to market risks. These Policy Charges (except Mortality Charges and Premium Allocation Charges) are subject to change and a three-month notice will be provided to all Policy Owners prior to the implementation of the new Charges. This will be subject to approval of the IRDA. OTHER APPLICABLE CHARGES Subject to our then current administrative rules, as mentioned earlier you can switch between Investment Fund(s). Any switch request, whether for single or multiple transfers would be treated as a single switch. * In a year two switches are free. Every additional switch will be subject to a charge as per the then current administrative rules of the company. Our current Charge for an additional switch is Rs 100/-. The switching charge shall not exceed Rs. You can change the Premium Allocation Percentage (using premium redirection facility) free of Charge twice every year. Every additional change is subject to charge of Rs. 100/-. The charge will not exceed Rs. 500/- # In a year only 4 Partial Withdrawals are permitted. Two Partial Withdrawals in every policy year will be free of charge and every additional Partial Withdrawal will be subject to a charge of 0.5% of the amount withdrawn. This amount cannot exceed Rs 500/- Suicide "If the Life Insured dies by suicide within one year of the issue of the policy or the reinstatement of the Life Insurance Coverage whichever is later, we will not pay the life insurance cover. In such a case, we will refund the higher of the premiums paid towards the policy since the issue date or the Fund Value on the date of death". Section 41 of the Insurance Act 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 relating to lives or property in India, any rebate of the whole or part of the commission 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 be allowed in accordance with the published prospectuses or tables of the insurer. Section 45 of the Insurance Act No Policy of Life Insurance effected before the commencement of this Act shall after the expiry of two years from the date of commencement of this Act and no Policy of Life Insurance effected after the coming into force of this Act shall, after the expiry of two years from the date on which it was effected be called in question by an Insurer on the ground that statement made in the proposal or in any report of a medical officer, or referee, or friend of the Life Insured, or in any other document leading to the 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 disclose and that

19 it was fraudulently made by the Life Insured and that the Life Insured knew at the time of making it that the statement was false or that it suppressed facts which it was material to disclose. Provided that nothing in this section shall prevent the Insurer from calling for proof of 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 that the age of the Life insured was incorrectly stated in the application. RISK FACTORS/DISCLAIMERS This is a non-participating unit linked savings plan This policy is underwritten by Birla Sun Life Insurance Company Limited (BSLI) Birla Sun Life Insurance, ClassicLife Premier, Income Advantage, Assure, Protector, Builder, Enhancer, Creator, Magnifier, Maximiser, Super 20 and Multiplier are only the names of the Company, Policy and the Investment Fund Options respectively and do 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 nine Investment Fund Options offered at present All the policy charges (except Premium Allocation Charge and Mortality Charge) can be modified by the company subject to approval of the IRDA The company reserves the right to introduce new Investment Funds with different charges subject to approval of the IRDA The value of the Investment Fund Options reflects the value of the underlying investment These investments are subject to market risks and change in fundamentals such as tax rates etc effecting the investment portfolio The premium paid in Unit Linked Life Insurance policies are subject to investment risk associated with capital markets and the NAV of the units may go up or down based on the performance of Investment Fund Options and factors influencing the capital market and the insured is responsible for his/her decisions There is no guarantee or assurance of returns from the Investment Funds Options BSLI reserves the right to recover levies such as the Service Tax levied by the authorities on insurance transactions If there are 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 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

20 Call Toll-free: sms CLASSIC to Regd. Office: One Indiabulls Centre, Tower 1, 15th & 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai Reg. No. 109 Unique No.: 109L018V02 ADV/03/08-09/3229 VER 12/SEPT/2009