ASSIGNMENT

ON

“ANALYSIS OF DIFFERENT LIFE INSURANCE AND GENERAL INSURANCE

POLICY OF ADITYA BIRLA SUN LIFE INSURANCE”
-: Submitted By: -
Enrollment No. Name
09 - (207500592009) TRIPATHI DHRUPAL
16 - (207500592016) PRACHI TAILOR
18 - (207500592018) HONEY PRAJAPATI
65 - (207500592065) KRUNAL GURAV
120 – (207500592120) RASHMI NAYAK

SUBJECT: - INSURANCE AND RISK MANAGEMENT

SEMESTER: 3
-: Submitted to: -
DR. RANJAN SABHAYA (Assistant Professor)

S. R. Luthra Institute of Management, Surat

 Prepared by: - 207500592009

ABSLI Empower Pension Plan

 ABSLI Empower Pension Plan - Retirement is when the worries of working life end and
a life of fun and bliss begins. Each one of us want to be empowered enough for a retired
life where we are able to do all that we could not during our working lives - exotic
holidays, time with family and loved ones, pilgrimage, etc. However, to fulfil all this, one
needs to plan for retirement so that there is adequate savings that can last through the
retired life without any hassles. ABSLI Empower Pension Plan is designed so that you
remain in control of your destiny even during your second innings. This plan helps you to
focus on your goals and enhance your savings for your future ensuring it is free from
worries. ABSLI Empower Pension Plan is a unit linked, non-participating pension plan. A
simple, hassle-free plan it helps you accumulate your premiums and the investment
returns thereof into a corpus for your retirement. We call this period of retirement corpus
generation as the “accumulation phase”. Once you decide to vest your policy, you will
enter into the “income phase” where your corpus will be used to purchase a stream of
regular income payable for the rest of your lifetime.
Plan at glance:

Entry Age (age last birthday) 25 – 70 years

Accumulation Period 5 – 30 years, subject to maximum vesting

age of 80 years

Premium Paying Term Regular pay

Basic Premium Minimum 18,000 p.a. if paid annually

Minimum 24,000 p.a. if paid semi-annually

Minimum 30,000 p.a. if paid quarterly; or

Minimum 36,000 p.a. if monthly

The current Guaranteed Vesting Benefit as a percentage of basic premiums paid is

displayed in the table below.

Years of vesting Guaranteed vesting Benefit

Risk Profile

Aggressive Moderate Conservative

5 * * 105%

6-10 101% 106% 112%

11-15 102% 110% 119%

16-20 103% 114% 126%

21-25 104% 118% 133%

26-30 105% 122% 140%

 BENEFITS

 In the form of additional units will be added to your policy:

 On 6th policy anniversary and every policy anniversary thereafter, Guaranteed Addition
is 0. 25% of the average Policy Fund Value in the last 12 months
 On 11th policy anniversary and every policy anniversary thereafter, Guaranteed Addition
is 0.35% of the average Policy Fund Value in the last 12 months
 On 16th policy anniversary and every policy anniversary thereafter, Guaranteed Addition
is 0.35% of the average Policy Fund Value in the last 12 months

 INVESTING BENEFIT:

 Your vesting benefit will differ as per your plan option chosen:
 Assured Option: On your vesting date you will receive the greater of
 Guaranteed Vesting Benefit net of partial withdrawals since inception of your policy or
 the Policy Fund Value. The Guaranteed Vesting Benefit varies by your chosen vesting
date and risk profile. Guaranteed Vesting Benefit once assigned to your policy at
inception shall remain constant.
 Depending on our expectations with regards to future economic conditions, the
Guaranteed Vesting Benefit may be revised on April 1st of every calendar year (as
approved by IRDAI) subject to a minimum Guaranteed Vesting Benefit of 101% of the
basic premiums paid less partial withdrawals and will be applicable for policies issued
thereafter.
 DEATH BENEFIT:

In the unfortunate event the life insured dies while the policy is in effect, we will pay to
the nominee the greater of (a) the Guaranteed Death Benefit or (b) Policy Fund Value as
on date of intimation of death. The Guaranteed Death Benefit is equal to 105% of all
basic premiums paid fewer partial withdrawals made during two-year period immediately
preceding the death of the life assured. Your nominee then has the choice to withdraw the
death benefit proceeds; or utilise the entire proceeds or a part thereof to purchase an
immediate annuity or deferred annuity at the then prevailing annuity rate from ABSLI.
However, your nominee or beneficia shall be given an option to purchase annuity from
any other insurer at the then prevailing annuity rate to the extent of percentage, stipulated
by the Authority, currently 50%, of the entire proceeds of the policy net of commuted
 value. In case the proceeds of the policy are not sufficient to purchase minimum annuity
as required by the Authority from time to time, your nominee will be paid the proceeds of
the policy as a lump sum.

 SURRENDER BENEFIT

At any time while your policy is in force you can request to surrender this policy for its

Surrender Benefit. Any such surrender will be treated according to the Policy

Discontinuance provisions mentioned in this document.

INVESTMENT OPTIONS:
Assured Option:

 Under this investment option your portfolio will be structured depending on chosen
vesting date and risk profile. We will invest your basic premiums between the two
investment funds – Maximiser Guaranteed (an equity fund) and Income Advantage
Guaranteed (a debt fund) in a predetermined proportion based on the selected vesting date
and risk profile. Thereon, we will manage and administer your investment portfolio on
your behalf, thus saving you time and effort. Over time the allocation is managed such
that it will automatically switch from riskier assets to safer assets progressively as your
plan approaches vesting (your anticipated retirement date).
 The proportion invested in Maximiser Guaranteed (an equity fund) will be according to
the schedule given below – the remaining amount will be invested in Income Advantage
Guaranteed (a debt fund)
Years of vesting
Risk Profile
Aggressive Moderate Conservative
5 0% 0% 0%
6-10 20% 15% 10%
11-15 40% 30% 20%
16-20 60% 45% 30%
21-25 80% 60% 40%
26-30 100% 75% 50
  SELF-MANAGED OPTION:

You will receive the Policy Fund Value on the vesting date. On the vesting date, you can opt

for one of the following:

1. Utilize the entire proceeds to purchase immediate annuity or deferred annuity from
ABSLI at the then prevailing annuity rate (currently we offer ABSLI Immediate Annuity
Plan) or subject to the point 3 below, you shall be given an option to purchase immediate
annuity or deferred annuity from any other insurer;
2. Commute up to 60% and utilize the balance amount to purchase immediate annuity or
deferred annuity from ABSLI at the then prevailing annuity rate or subject to the point 3
below, you shall be given an option to purchase available annuity from any other insurer.
3. You shall be given an option to purchase immediate annuity or deferred annuity from
another insurer at the then prevailing annuity rate to the extent of percentage, stipulated
by the Authority, currently 50%, of the entire proceeds of the vesting benefit net of
commuted value.
GENERAL INSURANCE
 Corona Kavach Policy, Aditya Birla Health Insurance Co. Limited -
Policy Terms and Conditions
This policy is to cover all the expenses incurred if a person gets corona.

Table of benefits

Name Corona Kavach Policy, Aditya Birla Health Insurance Co. Limited
Product Type Individual/ Floater
Category of Cover Indemnity/Benefit

Sum Insured ` 50,000/- (Fifty Thousand) to 5,00,000/- (Five Lakh) (in the multiples of fifty
thousand)

 On Individual basis - S.I. shall apply to each individual family member.

 On Floater basis - S.I. shall apply to the entire family.

Policy Period Three and Half Months (3 ½ months), Six and Half Months (6 ½ months),
Nine and Half Months (9 ½

months) including waiting period.

 Eligibility Policy can be availed by persons between the age of 18 years and 65 years,
as Proposer. Proposer with higher age can obtain policy for family,
without covering self.
Policy can be availed for Self and the following family members:

i. Legally wedded spouse.

ii. Parents and Parents-in-law.

iii. Dependent Children (i.e., natural or legally adopted) between the day
1 of age months to 25 years. If the child above 18 years of age is
financially independent, he or she shall be ineligible.
Hospitalization Expenses Medical Expenses of Hospitalization for COVID for a minimum Period of 24
consecutive hours only shall be admissible

Pre- Hospitalization For 15 days prior to the date of hospitalization/home care treatment.
Expenses
Post- Hospitalization For 30 days from the date of discharge from the hospital/completion of home
Expenses care treatment.

Sub-Limit Hospital Daily Cash: 0.5% of Sum Insured per day subject to maximum of
15 days in a policy period for every insured member.
Home care treatment: Maximum up to 14 days per incident.
AYUSH Medical Expenses incurred for Inpatient Care treatment for COVID under
Ayurveda, Yoga and
Naturopathy, Unani, Siddha and Homeopathy systems of medicines shall be
covered up to sum insured during the Policy period as specified in the
policy schedule.
Home Care Treatment The Company shall indemnify costs of treatment incurred by the Insured
Expenses person on availing treatment at home for COVID on Positive diagnosis of
COVID in a government authorized diagnostic center maximum up to 14
days per incident, which in the normal course would require care and
treatment at a hospital
but is actually taken while confined at home subject to policy terms and
conditions.
 Prepared by: - 207500592016

ABSLI monthly income plan:

ABSLI monthly income plan: Your family depends on you. Along with financial
protection in your absence, giving your child the best education, security for your spouse,
going on that much awaited vacation, building a second home or ensuring a comfortable
lifestyle in your retirement days are a few of the many important desires and milestones
of your life. Aditya Birla Sun Life Insurance ‘Monthly Income Plan’ fulfills your need to
plan ahead of time for your family’s growing needs in the present while providing for
their future. This product has been designed as a participating non-linked life insurance
plan, providing regular monthly income until maturity to meet your financial
requirements and hence, providing financial security for your family, today as well as in
the years to come.
 PROTECTING your retirement with an assured monthly income

 Monthly income benefit to take care of your recurring needs

 Financial protection for the family
 Level or Increasing income benefit option
 Deferment period of 0, 5 & 10 years are completion of premium paying term
 Lump sum bonuses at maturity
 Inbuilt accidental death benefit
Key features:

 Choice of Level and Increasing Income Benefit Options to suit your needs.
 Monthly Income Benefit to take care of your recurring needs.
 Option to increase your protection through Riders
 Option to postpone your monthly incomes by choosing a Deferment Period to suit your
requirements.

Eligibility:

Entry Age (age last birthday)
18 years-55 years (For Premium Paying
Term of 10 years)
18 years-53 years (For Premium Paying
Term of 12 years)
(Subject to maximum maturity age of 80
years)

Premium Paying Term (PPT) 10 | 12 years

Deferment Period (DP) Deferment Period shall start are the

completion of PPT 0 | 5 | 10 years

Income Benefit Period (IBP) Income Benefit Period shall start are the
completion of Deferment Period
10 |15 | 20 years

Policy Term Minimum - 20 years |

Maximum- 37 years Policy Term = Premium
Payment Term + Deferment Period + Income
Benefit Period
Minimum Sum Assured 4,00,000*

Premium Frequency Annual, Semi-annual, Quarterly & Monthly

Entry ages 51 to 55 years the minimum Sum Assured will be

`6,00,000.

Benefits:

1. Income benefit:
Level Income Benefit - Under this option, the income benefit paid will be 1% of the
Sum Assured per month and will remain fixed throughout the Income Benefit Period
(IBP).
Increasing Income Benefit - Under this option, the income benefit paid will start at
1% of the Sum Assured per month and then such amount of income benefit will
increase at 5% per annum simple are eve12 during the Income Benefit Period (IBP).

2. Death benefit:
In the event of death of Life Insured before the commencement of Income Benefit
Period the Death Benefit will be the highest of:
 10 times the Annualized premium
 Sum Assured + Total Income Benefit
Where Sum Assured is the absolute amount assured to be paid immediately on death
and the Total Income Benefit is an undiscounted total absolute amount of income
benefit payable during the income benefit period. The Income benefit due will
commence for the fixed Income Benefit Period from the date of death.

3. Accidental Death Benefit:

In the event of death of a Life Insured due to an accident, additional benefit equals to
the Sum Assured chosen will be paid immediately in lump sum to the nominee as an
Accidental Death Benefit.

4. Maturity benefit:
In the event the Life Insured survives to the end of the policy term, the maturity
benefit will be: • Attached bonuses accrued till maturity date
 • Terminal bonus (if any) The policy shall be terminated once the maturity benefit is
paid.

5. Customizable Benefit:
In case of the following conditions:
• Policyholder becomes completely disabled due to an illness or accident
• Policyholder is diagnosed with any of the specified critical illnesses
• Death of the policyholder (only if other than the Life Insured)
We will waive off all the future due premiums and all the other benefits will remain
unaffected. This benefit is applicable only once during the entire premium paying
term.

 Options:
A. Surrendering your Policy Your policy
will acquire a surrender value are all due premiums for at least two full policy years
have been paid. The Guaranteed Surrender Value is equal to a percentage of Total
Premiums Paid and the surrender value of accrued bonuses less any income benefit
already paid. The Guaranteed Surrender Value will va depending on the Premium
Payment Term and the year the policy is surrendered. Your policy will also be eligible
for a Special Surrender Value. The surrender value payable will be the higher of
Guaranteed Surrender Value or Special Surrender Value. The policy shall be
terminated once the Surrender Value is paid. Please ask your financial advisor for an
illustration of the Special Surrender Values applicable to your policy or refer to your
policy contract for further details. Kindly refer to the policy contract on the website
for the surrender value table.
B. Taking a Policy Loan
You may take a loan against your policy once it has acquired a Surrender Value. The
minimum loan amount is `5,000 and the maximum is 85% of your Surrender Value.
We shall charge interest on the outstanding loan balance at a rate declared by us from
time to time based on then prevailing market conditions. Any outstanding loan
balance will be recovered by us from policy proceeds due for payment and will be
deducted before any benefit is paid under the policy. Should the outstanding policy
loan balance equal or exceed the Surrender Value of your policy at any time, when
your policy is in Reduced Paid-up status, then the policy shall be terminated without
value. Note that prior to this happening, we shall give you an opportunity to repay all
or part of your outstanding loan balance in order for your policy to continue
uninterrupted.
 Introducing Arogya sajeevani Policy - Aditya Birla health insueance,
a plan that ensures you get the best health treatment in case of
medical emergency, at an afordable premium.

Arogya Sanjeevan Health insurance policy

Introducing Arogya Sanjeev ani Policy - Aditya Birla Health Insurance, a plan that ensures
you get the best health treatment in case of medical emergency, at an affordable premium.

 Cashless hospitalization in a wide network of hospitals

 All daycare procedures covered
 5% Cumulative Bonus that increases sum insured for eve claim free year
 Pre and post hospitalization expenses covered.

 Key Features:

1. Sum Insured Options:

You can choose sum insured from Rs.1 lac to Rs.5 lacs as per your need.
2. Pre and Post Hospitalization Expenses
We will cover your medical expenses not only during your hospitalization, but also
from 30 days before hospitalization and 60 days a hospitalization
3. AYUSH Treatment
Covers in-patient treatments given under Ayurveda, Unani, Siddha, Yoga &
Naturopathy and Homeopathy systems.
 4. All Daycare Treatments
We cover you for all day care treatments.
5. Cashless Treatment
Get admitted to one of the hospitals in our network and avail cashless treatment
facility
6. Cumulative Bonus
5% increase in your sum insured for eve claim free year.

 Eligibility
Policy can be availed by persons between the age of 18 years and 65 years, as Proposer.
Proposer with higher age can obtain policy for family, without covering self. Policy can be
availed for Self and the following family members:
 Legally wedded spouse
 Parents and Parents-in-law
 Dependent Children (i.e., natural or legally adopted) between the age 3 months to 25
years. If the child above 18 years of age is financially independent, he or she shall be
ineligible for coverage in the subsequent renewals

Product benefits

Benefits Details for 1 year

Sum Insured
Hospitalization Expenses
Pre- Hospitalization Expenses
INR 1 Lac, 1.5 Lacs, 2 Lacs, 2.5 Lacs, 3
Lacs, 3.5 Lacs, 4 Lacs, 4.5 Lacs, 5 Lacs
On Individual basis - Sum Insured shall
apply to each individual family member
On Floater basis - Sum Insured shall apply
to the entire family
Covered if admitted for a minimum of 24
consecutive hours or above. However, time
limit of 24 hours is not applicable for Day
Care Treatments
For 30 days prior to the date of

Post- Hospitalization Expenses
Room Rent and Nursing Expenses
Intensive Care Unit (ICU)/Intensive
Critical Care Unit (ICCU)
Cataract Treatment
AYUSH Treatment
Cumulative Bonus
hospitalization
For 60 days from the date of discharge from
the hospital
Covered up to 2% of the sum insured per
day-maximum of Rs 5000 per day
Covered up to 5% of the sum insured per
day-maximum of Rs 10,000 per day
Covered up to 25% of sum insured or
Rs.40,000, whichever is lower, per eye,
under one policy year
Expenses incurred for in-patient treatment
under Ayurveda, Yoga and Naturopathy,
Unani, Siddha and Homeopathy systems of
medicines shall be covered up to sum
insured, during each Policy year as specified
in the policy schedule
5% increase in your sum insured for eve claim
free year*

Exclusions

 War, act of foreign enemy, uprising, revolution, insurrection, milita or usurped acts.
 Any expenses incurred on Domicilia Hospitalization and OPD treatment.
 Treatment for, Alcoholism, drug or substance abuse or any addictive condition and
consequences thereof.
 Treatments received in heath hydros, nature cure clinics, spas or similar establishment.
 Treatment taken outside the geographical limits of India.
Prepared by: - 207500592018

ABSLI Child’s Future Assured Plan

 ABSLI Child’s Future Assured Plan, a life insurance savings plan, which offers Assured
Benefits to take care of the important milestones in your child’s life – Education and
Marriage. You can plan to receive funds in future for your child’s education or grand
wedding. In case of an unfortunate event, the remaining premiums will be waived off. So,
you rest assured that the key milestones of your child’s future are secured with a
guarantee even in your absence.
Key Benefits

 The plan offers complete financial Security.

 Flexibility to save for Child Education, Marriage or for both the life goals.
 Worry free goal achievement through Policy Continuance Benefit.
 Flexibility to choose from various Pay term and Policy Terms.
 Option to avail of Enhanced Insurance Cover.
 Option to enhance your risk cover with appropriate rider option.
Plan At a Glance
Life Insured Entry Age (age last
birthday)
Maximum Maturity Age (age last
birthday)
Plan Options
Policy Term (PT)
Premium Paying Term (PPT)
Minimum Annualized Premium
Minimum Sum Assured
Maximum Sum Assured
Enhanced insurance Cover
(Optional)
Payment Mode
Minimum: 18 Years
Maximum: 65 Years; (50 years if Enhanced
Insurance cover is chosen)
75 Years
Education Milestone Benefit, Marriage Milestone
Benefit, Education and Marriage Milestone Benefit
Education Milestone Benefit: 10 to 29 years
Marriage Milestone Benefit: 8 to 32 years
Education and Marriage Milestone Benefit: 11 to
32 years
Minimum:
• Education Milestone Benefit/ Marriage Milestone
Benefit: 5 years
• Education and Marriage Milestone Benefit: 6
years Maximum: 12 years
Rs.30,000
Rs.4,00,000
No Limit (subject to Board Approved Underwriting
Policy)
50%, 100% or 200% of Sum Assured
Annual, Semi Annual, Quarterly and Monthly
Modal Loading will be applicable as below
Mode Annual Semi- Quarterly Monthly
annual
Modal 0.0% 1.0% 1.5% 4.0%
Loading
Benefits of the Policy

Education Milestone Benefit

 Plan your savings to receive guaranteed annual Assured Benefit for your child’s
educational needs. You can choose the Assured Benefit Payment Term such that the pay-
outs shall preferably commence on the policy anniversary when the beneficiary Child
attains age between 15 years to 21years.The Assured benefit will be payable annually at
the end of each year over the Education Milestone Benefit Period of 3, 6 or 9 years as
opted by you.
Marriage Milestone Benefit

 Marriages are grand affair in India. Plan to get funds for your child’s marriage anytime
while your child’s age is preferably between 24 to 32 years. This option will give you
guaranteed lump sum pay-out at the end of policy term as chosen by you.
Education and Marriage Milestones Benefits

 Under this option both Education Milestone Benefit as well as for Marriage Milestone
Benefit can be chosen. The Education Milestone Benefit will be paid as defined above on
their respective due dates and the Marriage Milestone Benefit will be paid at the end of
Policy Term. Marriage Milestone Benefit pay-out date should be on or after the last
instalment of Education Milestone Benefit.
 You will also have the choice to receive 100% or 150% or 200% of the Sum Assured as
assured benefit for Marriage Milestone under this option.
Assured Benefit Payment Minimum Maximum
Term
Education Milestone Benefit 8 years 21 years
Marriage Milestone Benefit 8 years 32 years

 This benefit payment term should at least be 3 years higher than the Premium Payment
Term.
 Motor Insurance

 Aditya Birla Insurance Brokers Limited (ABIBL) enables you to compare and buy the
best motor insurance policy that suits your needs. With an adequate & a comprehensive
insurance cover you can continue to enjoy unforgettable moments on the highway of life
with your near and dear ones.
Key benefits

 Compare quotes and get the best possible policy as per your needs
 Buy or renew your insurance policy online
 Free of cost inspection at the time of break-in insurance
Claim Service Benefits

 Cashless motor claims facility through network garages of various general insurance
companies
 Instant claims assistance and updates on your claim status provided by general insurance
companies
What does the policy cover?

 With a motor insurance policy, you will be usually covered against the following:
 Damages and losses, resulting from natural calamities such as earthquake, floods, fire,
lightning, landslide, hurricane, etc.
 Damages that result from human intervention, including burglary, theft, riots, strike or
any other activity born of malicious intent.
 Third-party legal liabilities owing to damages (both bodily injuries and death) caused to
third-party as well as financial losses to a third-party property.
What is the amount covered?

 Usually, vehicles are insured at a fixed Insured Declared Value (IDV). In other terms,
IDV is the current value of your vehicle in the market. IDV is higher for a new vehicle
and with time it depreciates.
Inclusions

Own Damage:

This coverage option provides protection against losses or damage to your car because of:
Man-made: Burglary, Theft, Riot & strike, malicious act, Accident by external means, any
damage in transit by road, rail, inland waterway, lift, elevator or air.

Natural calamities:

Fire, lightning, explosion, self-ignition, earthquake, flood, typhoon, hurricane, storm,

tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.

Third party legal liability:

Provides protection against legal liability arising due to accidental damages, any permanent
injury/ death of a person and/or any damage caused to the property.

Personal Accident Cover:

It provides Cover for Owner/Driver provides coverage against accidental death or total/partial
disability. You can also opt for a personal accident cover for passengers.

Exclusions

 Mechanical and electrical breakdown

 Vehicles being used other than in accordance with the limitations as to use
 Damage to/by a person driving without a valid driving license
 Consequential loss
 Compulsory Deductibles
 Loss or damage under the influence of alcohol or any other intoxicating substance
 Loss or damage due to depreciation
 Loss or damage due to war or nuclear risks
Extensions

 Personal Accident Cover for occupants as per seating capacity.

 Loss of Accessories.
 Cover for Electrical and/ or non-electrical items.
 Legal Liability to employee, paid driver, cleaner & conductor
 Zero Depreciation Cover
 No Claim Bonus Protection
 Loss of Use Cover
 Emergency Assistance Cover
 Prepared: - 207500592065
(1) ABSLI Wealth Aspire Plan

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS

BORNE BY THE POLICYHOLDER.

ABSLI Wealth Aspire Plan helps you achieve the life objectives you have for yourself and
your family by offering greater flexibility in protection and wealth accumulation.

Key Features:
 Flexibility to choose from 2 plan options to suit your aspirations
 Flexibility of partial withdrawals to meet any emergency fund requirements
 Flexibility to choose from 4 investment options to suit your investment needs
 Flexibility to add top-ups whenever you have additional savings
Investment Options:

 Smart option
Under this option, your portfolio will be structured as per your maturity date and risk
profile. Over time, the allocation is managed such that it will automatically switch from
riskier assets to safer assets, progressively, as your plan approaches maturity.
 Systematic Transfer Option
This option safeguards your wealth against market volatility and is available only if you
have opted for annual mode. Under STO, at inception, you can choose to transfer the fund
on monthly basis or weekly basis. You may choose up to 4 funds for your premium to be
transferred to.
 Return Optimizer Option
This option enables you to take advantage of the equity market, protect your gains from
future market volatility and create a more stable sequencing of investment returns.
 Self-Managed Option
Under this option, you get access to our well-established suite of 16 segregated funds,
complete control in how to invest your premiums and full freedom to switch from one
segregated fund to another. For the above 4 investment options kindly refer to sales
brochures for detailed explanation.

Eligibility Criteria of Policy:

 Entry Age (age last birthday)

Classic Option Assured Option

Minimum - 30 days* Minimum - 18 years
Maximum - For 5 Pay: 50 years Maximum - For 5 to 8 Pay: 45
years
For 6 Pay and 7 Pay: 55 years for 8 Pay and above: 65
years For 9 Pay and above: 50 years
 Maturity Age
Classic Option Assured Option
For 5 to 7 Pay: 18 to 70 years 28 to 60 years
For 8 Pay and above: 18 to 75 years

 Policy Term
Minimum – 10 years Maximum –40 years
 Premium Paying Term:
5 to 40 years

 Minimum Basic Premium

Rs. 40,000 for annual mode

Rs. 45,000 for semi-annual mode

Rs. 50,000 for quarterly and monthly mode

Rs. 5,00,000 p.a. if the age at entry is between 61 to 65 years, both inclusive.

 Minimum Sum Assured

Rs. 4,00,000

 Top-up Premium
Minimum Rs. 5,000

Benefits of Policy:

 Guaranteed Additions
You are rewarded for policy continuance in the form of additional units

 Death Benefit
Classic Option: In the unfortunate event the life insured dies while the policy is in effect,
we will pay to the nominee/policyholder the greater of

 Basic Fund Value as on date of intimation of death or

 Basic Sum Assured
In addition, we will also pay the greater of
  Top-up Fund Value as on date of intimation of death, if any; or
 Top-up Sum Assured

 Assured Option
In the unfortunate event the life insured dies while the policy is in effect, we shall pay to
the nominee the Basic Sum Assured plus Top-up Sum Assured, if any,
The policy will not terminate once this death benefit is paid to the nominee and it
continues till policy maturity date.

 Maturity Benefit

You will receive the Basic Fund Value plus the Top-Up Fund Value as of that date at the
end of the Policy Term.

 Surrender Benefit

In case of emergencies, you can surrender your policy to us anytime during the policy
term. Any such surrender will be treated according to the Policy Discontinuance section
in the sales brochure.
(2) Aditya Birla Travel Insurance:

 Travelling is one of the many joys of life for most of us be it for leisure, business trip or
for educational purposes. Though there is lot of excitement for such trips/visits, we tend
to forget to prepare ourselves for any unexpected circumstances. Medical care in others
countries is very expensive. Other contingencies such as baggage loss, passport loss,
monetary loss due to pilferage, robbery, natural and man-made calamities etc. can also
affect the plans and the finances. A travel insurance policy ensures the assurance of
support in case of unforeseen eventualities.
 Aditya Birla Insurance Brokers Limited (ABIBL) enables you to compare and buy the
best travel insurance policy that suits your needs. With an adequate & a comprehensive
insurance cover you can enjoy your travels to the fullest.

Why Aditya Birla Travel Insurance?

 The insurer will protect you against any unanticipated circumstances that may ruin your
trips, such as trip delays, flight delay/cancellation, loss of baggage, repatriation expense,
legal liabilities, and medical emergencies abroad.
 You can try Aditya Birla travel insurance plan if you are looking for a hassle- free
reimbursement of your travel insurance claims. The Policy would also cover any loss of
checked-in luggage, loss of passport etc. All these things can ruin any well-planned
travel. So, to avoid such extreme situations, it is advisable that you buy travel insurance
 online with ease and convenience. Whether you are going for a personal trip or for work
requirements, you deserve to stay safe and protected whilst you travel overseas.

 Features of Aditya Birla Travel Insurance

Flight related issues: In case you miss the flight or your flight gets delayed the insurer
will cover you.

Assistance with medical emergencies: in case of any unfortunate accident and illness
the insurer will offer you coverage.

Loss of luggage: if your luggage is lost during the transit or stolen during the trip, the
insurer will provide you coverage as per the policy and adds ones.

Personal Liabilities: Your insurer provider will protect you from damages you may get
involved in case of property damage and other unintentional losses.

 Things which are important to know about travel insurance Policy of

Aditya Birla.

Categories Specifications
Trips Covered International
Number of Countries covered 36
Network Hospitals Over 8700 Cashless Hospitals
Cities Covered in India 2300+
Cashless treatment Available
In -house claim Settlement Available
Claim Assistance 24*7

 Inclusions:

1. Coverage of medical and hospitalisation expenses, accidental death, permanent

disablement
2. Checked-in baggage loss/baggage delay
3. Loss of passport
 4. Hijacking related damages
5. Trip delay/cancellation
6. Automatic-extension of the cover
7. Medical emergency assistance
8. Repatriation expenses, etc.

 Exclusions:

1. Pre-existing ailments and complications arising out of them

2. Self-inflicted injury/suicide
3. Travelling against the advice of the physician
4. Under the influence of liquor, drugs, other intoxicants or hallucinogens
5. Participation in any sport as a professional player
6. Participation in actual or attempted felony, riot, crime, civil commotion, AIDS and other
sexually-transmitted infections
7. While serving in any branch of the military or armed forces of any country, treatment of
nervous and mental problems Terrorism, etc.
 Prepared: - 207500592120

ABSLI Life Shield Plan:

 Aditya Birla Sun Life Insurance Life Shield Plan offers you the flexibility to make a
choice from amongst 8 different plan options as per your family's needs so they need not
compromise on their lifestyle, even in your absence.

Key Features:
 8 Plan options to suit your different protection needs
 Option to cover your spouse under the same policy
 Return of Premium option
 Inbuilt terminal illness benefit
Plan Options:
ABSLI Life Shield Plan offers you the flexibility to choose from 8 different plan options as
per your requirements and preferences. Below are the available plan options:

Option 1 - Level Term Assurance

Sum Assured chosen by you will remain constant for the entire policy term.

Option 2 - Level Term Assurance with Waiver of Premium (WOP) Benefits

In addition to benefit applicable for Option 1, in case you are diagnosed with Critical Illness^
or Total and Permanent Disability^ whichever is earlier, all future premiums, if any, will be
waived off and policy will continue till end of policy term.

Option 3 - Increasing Term Assurance

You can choose to enhance your sum assured at inception by 5% / 10% p.a. (simple) as per
your needs. Every year, your sum assured will increase by 5% / 10% p.a. (simple) of the
original sum assured without any increase in your premium amount.

Option 4 - Increasing Term Assurance with Waiver of Premium (WOP)

Benefits

In addition to benefits applicable for Option 3, in case you are diagnosed with Critical
Illness^ or Total Permanent Disability^ whichever is earlier, all future premiums, if any, will
be waived off and policy will continue till end of policy term.

Option 5 - Decreasing Term Assurance

An option designed to take care of your protection need owing to any loan or mortgage taken
by you. The death benefit shall be payable as per the Decreasing Sum Assured Schedule
shown below:
 Decreasing Sum Assured Schedule (% of Sum Assured at Inception)
Policy Year Policy Term up Policy Term above 20 years
to 20 years
1 to 5 100% 100%
6 to 10 90% 95%
11 to 15 75% 90%
16 to 20 50% 85%
21 to 25 N.A. 70%
25 to 55* N.A. 50%

Option 6 - Decreasing Term Assurance with Waiver of Premium (WOP)

Benefits

In addition to benefits applicable for Option 5, in case you are diagnosed with Critical
Illness^ or Total Permanent Disability^ whichever is earlier, all future premiums, if any, will
be waived off and policy will continue till end of policy term.

Option 7 - Return of Premium

Sum Assured chosen by you will remain constant for the entire policy term. If the life insured
survives till maturity date, we shall return all the premiums paid.

Option 8 - Return of Premium with Waiver of Premium (WOP) Benefit

In addition to benefits applicable for Option 7, in case you are diagnosed with Critical
Illness^ or Total Permanent Disability^ whichever is earlier, all future premiums, if any, will
be waived off and policy will continue till end of policy term.

The premium will vary depending on the plan option chosen by you. Plan option once
selected cannot be changed during the policy term.
Eligibility:

Entry Age (age last birthday)

For Plan Option: 1|3|5|7: 18 to 65 years
For Plan Option: 2|4|6|8: 18 to 50 years

Maximum Maturity Age

85 years

Policy Term
Plan Options 1 to 6
Premium Payment Options Min Policy Term (in years) Max Policy Term (in years)
Regular Pay | Single Pay 10 55
Limited Pay 6 & 8 Years 10 55
Limited Pay 10 Years 15 55

Plan Options 7 & 8

Min Policy Term (in Max Policy Term (in
Premium Payment Options
years) years)
Regular Pay | Limited Pay - 6, 8, 10 Years |
20 55
Single Pay

Premium Paying Term

Single Pay | Limited Pay – 6, 8, 10 Years | Regular Pay

Premium Mode
Annual | Semi-annual | Quarterly | Monthly
Sum Assured
Minimum – Rs. 25,00,000
Maximum – No Limit (subject to underwriting guidelines)
Benefits of the Policy:

 Death Benefit
In case of your unfortunate demise during the policy term death benefit will be paid to
your nominee.
The policy will stand terminated once the death benefit is paid.

 Terminal illness Benefit

The policy comes with an inbuilt terminal illness benefit in case you’re diagnosed with a
Terminal illness during the policy term 50% of the applicable Sum Assured on Death,
subject to a maximum of Rs. 2.5 Crore will be paid immediately and the remaining future
premiums on your policy will be waived off.

 Waiver of Premium
In case life insured suffers with total and permanent disability or critical illness during the
policy term, all future premiums will be waived off. The death benefit under the policy
will remain unaffected.

 Return of Premium
If you choose Plan Option 7 or 8, the sum total of all premiums paid by you shall be
returned to you on policy maturity date in case you survive the policy term.

 Joint life Protection

Under this option, two lives, i.e., you (primary life insured) and your spouse (secondary
life insured) are covered under the same policy.
The Sum Assured applicable for your spouse shall be equal to 50% of your applicable
Sum Assured.
You can opt for Joint Life Protection for only if Plan Option 1, 2, 3 or 4 is chosen. No
rider can be opted under this option.
 Enhanced life stage protection
Your protection needs varies at different life stages owing to occurrence of joyous events
like marriage and birth of children.
You can choose to increase the coverage on occurrence of each of the events without
undergoing any fresh medical examination.

 Customisable Benefits
For added protection, ABSLI Life Shield Plan can be enhanced by following riders for a
nominal extra cost:
 ABSLI Accidental Death and Disability Rider (UIN: 109B018V03)
 ABSLI Critical Illness Rider (UIN: 109B019VO3)
 ABSLI Surgical Care Rider (UIN: 109B015V03)
 ABSLI Hospital Care Rider (UIN: 109B016V03)
 ABSLI Accidental Death Benefit Rider Plus (UIN: 109B023V02)
(2) Fire Loss of Profit Insurance

 The Consequential Loss (fire) policy covers Loss of Gross Profit and /or increase in cost
of working due to reduction in turnover / output due to operation of peril covered in the
Standard Fire & Special Perils Policy.
 The material damage Policy indemnifies the loss to the property insured due to the
operation of insured perils. Even if the coverage is adequate and the claim settled on
reinstatement value basis the insured still has other losses which may ruin him. These
losses are the loss of business and financial loss as the consequence of operation of the
peril and at times are larger than the material damage loss.
 In case of a major fire the insured that has opted for a policy on market value basis has to
contribute a sizeable part of the reconstruction cost due to:
 Deduction on account of depreciation
 Under insurance if the value at risk is more than the Sum insured
 Items not covered in the policy
 Excess as applicable
 In addition to the above exclusion number 9 of Fire policy excludes “Loss of earnings,
loss by delay, loss of market or other consequential or indirect loss or damage of any kind
or description whatsoever”.
Benefits of the Policy:

Clubbed with the Standard Fire and Special Perils policy, the Fire Loss of Profit Insurance
Policy can offer total protection from losses occurring due to any perils covered including fire
damage, flood etc. The benefits of the Policy are as follows –

 Protection from loss of net trading profit.

 Standing charges.
 Protection from loss of wages.
 Auditor fees are covered by the insurance policy.
 Increased cost of working.

The policy also offers EXTENSIONS that can cover the following –

 Accidental failure of public electricity / gas / water supply

 Damage to customer's premises due to perils covered under Fire Policy
 Damage to Supplier's premises due to perils covered under Fire Policy

Sum Insured and Premium:

The Fire Loss of Profit Insurance Policy covers the gross profit of the indemnity period
selected. This indemnity period is the maximum period required to put the business back into
normal operation after damage to insured property by an insured peril and can vary from 6
months to 3 years.

For indemnity periods up to one year, the annual gross profit should be selected as sum
insured.

The premium on a Fire Loss of Profit Insurance Policy depends on the annual gross profit,
the chosen indemnity period and any selected extensions.

Exclusion to Fire loss to Profit Insurance Policy:

 Loss of gross profit due to a peril not covered under the Fire policy
 Difference between the value of stock at the time of fire and at the time of subsequent
replacement
 Deterioration of undamaged stock after fire
 Cost of documentation for Fire and Loss of Profits claim
 Loss of goodwill
 Third party claims
 Other exclusions stated on the policy