BSLI Wealth Max Plan ULIP

The BSLI Wealth Max Plan ULIP is a single premium unit linked plan insurance plan that provides financial protection to the families of policyholders and offers good returns. The plan is offered by Birla Sun Life Insurance, among the foremost life insurance providers in the country. ULIPs are generally subject to different risk factors and the investment risks of the plan are borne by the policyholder.

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Eligibility Conditions of BSLI Wealth Max Plan ULIP

Entry Age

Minimum – 3 years
Maximum – 60 Years

Policy term

7 years, 10 years or 15 years

Basic premium minimum

Minimum Rs.5 lakhs for 7 years policy term
Minimum Rs.1 lakh for 10 or 15 years policy terms

Sum Assured

1.25, 5, 10 times the basic premium paid as per policy term and age

Policy term	Entry age	Multiple of basic Sum Assured
7	11-33	1.25 or 5 or 10
	34-46	1.25 or 5
	47-60	1.25
10	8-31	1.25 or 5 or 10
	32-44	1.25 or 5
	45-60	1.25
15	3-30	1.25 or 5 or 10
	31-42	1.25 or 5
	43-60	1.25

Key Features of BSLI Wealth Max Plan ULIP

Type

Single Premium Unit Linked Insurance Plan (ULIP)

Coverage

Death Benefit – In the unfortunate event of death during the policy term, the beneficiary will receive the larger of

Basic Fund Value at death or Basic Sum Assured, plus
Top-up Fund Value or Top-up Sum Assured, minus
Partial withdrawals made for the past 2 years if policy holder is less than 60 years of age or all partial withdrawals since the life insured turns 58 (if insured attains 60 years of age)

Surrender Benefit – If policy is discontinued in the first 5 years, the fund value will be transferred after deducting policy discontinuation charges. The Fund Value will be transferred as it is with discontinuation charges from 5^th policy year.

Maturity Benefit – Fund value

Guaranteed Additions – Additional units according to:

6^th to 10^th policy year – 0.25% of Average Fund Value in past 12 months
11^th policy year onwards – 0.60% of Average Fund Value during past 12 months

Basis

Individual

Policy term

7, 10 or 15 years (fixed)

Premium paying term

Once

Premium payment frequency

Single Premium

Loans

Loans cannot be availed against this plan

Policy charges

Premium allocation charge, policy administrative charge, fund management charge and mortality charge.

Premium Allocation Charge: 3% on basic premium, 2% on top-up premium

Fund Management Charge:

1% for Liquid Plus, Income Advantage, Assure, Protector and Builder
1.25% for Enhancer and Creator
1.35% for Magnifier, Maximiser, Multiplier, Super 20, Pure Equity and Value and Momentum

Policy Administration Charge: Rs.20 per month for first 5 policy year. Rs.25 from 6^th policy year inflating at 5% p.a. subject to a maximum of Rs.6,000 p.a.

Mortality Charge: Charge per 1000 of Sum at Risk

Age	Age 25	Age 35	Age 45	Age 55	Age 65
Male	1.546	1.753	3.040	7.064	16.267
Female	1.502	1.605	2.505	5.494	13.197

Free Look Period

15 days free look period (30 days for policies sold through distance marketing channels) is offered wherein a policyholder may return the policy if he/she is not agreeable to terms and conditions of the plan. Refund of premium will be processed after adjustments for stamp duty, medical examination and proportionate risk premium for period covered.

Advantages of BSLI Wealth Max Plan ULIP

Tax Benefits	Tax benefits are available under Section 80C and Section 10 (10D) of the Income Tax Act, 1961. You should consult your tax advisor for more details.
Partial Withdrawal	Unlimited partial withdrawals allowed after 5 complete policy years or insured attains 18 years of age, whichever is later. Minimum partial withdrawal of Rs.5,000.
Wide range of funds	13 different fund option available for investments consisting of flexible portfolio choices from 100% debt investments to 100% equity investments. Liquid Plus – low risk debt-based Income Advantage – low risk debt-based Assure – low risk debt-based Protector – low risk debt-based Builder – low risk debt-based Enhancer – medium risk balanced Creator – medium risk balanced Magnifier – high risk equity-based Maximiser – high risk equity-based Multiplier – high risk equity-based Super 20 – high risk equity-based Pure Equity – high risk equity-based Value and Momentum – high risk equity-based
Riders	NA

ULIPs