Indian Insurance

Eight Fund Options including a 100% equity option – Maximiser: A wide range of investment funds to choose from depending on your risk appetite. Also, a golden opportunity to higher your return on investments by investing in 100% equity option – Maximiser.

Manage your investment fund portfolio: Free unlimited switches and premium redirection – The plan allows you to monitor your investment fund performance and change its portfolio according to your preferences at different stages through free unlimited switches and premium redirection.

Short pay option-3 pay: Convenient short pay option that allows you to pay your premiums for 3 years only thus avoiding the hassle of paying regular premiums.

Premium Flexibility: The plan offers the flexibility to reduce your premiums from the 2nd year depending upon your financial situation.

Liquidity: The plan offers good liquidity through Partial withdrawals and Surrender. After three years there is no penalty on surrender of policy. Free unlimited partial withdrawals after 3 policy years allowed subject to a minimum withdrawal amount of Rs. 5000.

The Birla Sun Life Insurance Gold-Plus II Plan which gives you much more than a good insurance cover, an opportunity to grow your investments for the medium term.It is worth more than Gold.

It is Birla Sun Life Insurance Gold Plus II Plan

This plan is a unit linked, non-participating, insurance plan for duration of 8 years. A simple, hassle free plan it helps you strike the right proportion between protection and savings. Our plan offers you the convenience of paying for a limited period of 3 years with the flexibility to reduce premium (subject to minimum of INR 10000) from the second policy year onwards without reduction in sum assured. The plan, also offers you the benefits of top-up besides providing liquidity in the form of partial withdrawals and surrender benefits.Our plan has eight fund options, which empowers you with the flexibility of allocating premiums in varying proportions into different fund options and achieves superior investment returns. Free unlimited switches and premium redirection give you an opportunity to optimize your returns.

You can choose your desired premium and the sum assured.

You can pay the policy premium monthly (through ECS only), quarterly, half-yearly or annually.

You can pay your policy premium by cash (up to INR 50,000), cheque, credit card, salary deduction, ECS and direct debit.

You can top-up the fund whenever you have additional savings prior to the maturity of the policy. The minimum top-up premium is INR 5,000.

The sum assured in the plan will increase if the top-up amount exceeds 25% of the policy premium paid till date. The additional sum assured will be 125% of the excess top- up premium and is subject to the administrative and underwriting rules of the company.

	Use our premium redirection facility and change your premium allocation percentage applicable to future policy premiums and top-up premiums; and
	Switch part or all of your allocated units in one investment fund to another at the then prevailing unit prices.

Fund Value is the balance of all units allocated to your policy multiplied by their respective then prevailing unit price.

Partial Withdrawals
You are allowed to make unlimited partial withdrawals after 3 policy years, free of cost. The minimum withdrawal amount is INR 5,000. The maximum partial withdrawal you can make is the excess, if any, of the fund value over the higher of:

	INR 30,000; or
	Top-up premiums paid by you during the three years preceding the partial withdrawal date.

Policy Surrender
The policy can be surrendered any time during the tenure of the policy subject to a surrender charge. The surrender charges will be zero from the 4th policy year. In case of surrender in the first 3 policy years the benefits will be paid out only after the 3rd policy year. The surrender value as of the date of your surrender remains constant till paid to you.

Policy Loans
We do not offer this facility on this plan.

Premium allocation charge is deducted from your policy premium when received and before units are allocated. It is guaranteed to never increase. See Schedule B.

A fund management charge not exceeding 1.75% p.a. of the fund value will be charged by adjustments of the daily unit prices. The charge is 1% p.a. for funds Assure, Protector, Builder, and Enhancer for Creator, Magnifier, Maximiser funds it is 1.25% p.a. for Multiplier fund it is 1.50%

A policy administration charge will be recovered by canceling units on a monthly basis proportionately from each investment fund. See Schedule B for the annual rate per 1000 of sum assured. We may increase this charge at any time after the 3rd policy year, subject to a maximum increase of 5% p.a. since inception.

Mortality charge will be deducted on a monthly basis. We will take these charges by canceling units proportionately from each of the investment funds at that time.

The annual rates per 1000 of sum at risk (sum assured less fund value) for sample ages are provided in table below for your reference. Please visit our website or ask your financial advisor for the rates applicable to you. It is guaranteed never to increase

Sex/Age (in years)	25	35	45	55	65
Female	1.023	1.162	2.385	6.441	15.92
Male	1.083	1.363	3.110	8.571	21.06

The surrender charge is applied if and when you surrender your policy in the first 3 policy years. The surrender charge as a percentage of the annual policy premium chosen at issue is shown in Schedule B.

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.

Birla Sun Life Insurance Company Limited is a joint venture between The Aditya Birla Group, one of the largest business houses in India and Sun Life Financial Inc., a leading international financial services organisation. The local knowledge of the Aditya Birla Group combined with the expertise of Sun Life Financial Inc., offers a formidable protection for your future.

The Aditya Birla Group has a turnover of close to Rs. 119000 crores, with a market capitalisation of Rs. 133875 crores (as on 31st March 2008). It has over 100,000 employees across all its units worldwide. It is led by its Chairman – Mr. Kumar Mangalam Birla. Some of its key companies are Hindalco, Grasim and Aditya Birla Nuvo.

Sun Life Financial Inc. and its partners, have operations in key markets worldwide. These include Canada, the United States, the United Kingdom, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. Sun Life Financial Inc. has assets under management of over US$404.7 billion (as on 31st March, 2008). It is a leading performer in the life insurance market in Canada.

Birla Sun Life Insurance (BSLI) has been operating for 7 years. It has contributed significantly to the growth and development of the life insurance industry in India. It pioneered the launch of Unit Linked Life Insurance plans amongst the private players in India. It was the first player in the industry to sell its policies through the Bancassurance route and through the Internet. It was the first private sector player to introduce a Pure Term plan in the Indian market. BSLI has covered more than 2 million lives since it commenced operations. And its customer base is is spread across more than 1500 towns and cities in India. The company has a capital base of Rs. 1274.5 crores as on 31st March 2008.

Service Tax and other levies, as applicable, will be levied as per the extant tax laws.

If you are unable to pay the policy premium by the due date, you will be given a grace period of 30 days during which time all coverages under the policy will continue. If we do not receive the entire policy premium by the end of the grace period the insurance under your policy will cease and your fund value will be held in suspense after deduction of surrender charges. You will then have two years from the lapse date to revive your policy.

If the policy is not revived by the end of the two-year revival period, we will terminate the contract and pay the surrender value as of the lapse date to you at that time or at the end of the third policy year, whichever is later. The current charge for revival is INR 100. We reserve the right to increase this charge at any time, subject to a maximum of INR 1000.

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.

On each business day and for each investment fund, we determine the unit price by dividing the net asset value (NAV) of the investment fund at the valuation time by the number of units in existence for the investment fund in question. We publish the unit prices of all investment funds on our website www.birlasunlife.com as well as in the newspapers.

The NAV is determined based on whether we are purchasing (appropriation price) or selling (expropriation price) assets in order to meet the daily transactions of unit allocations (redemptions) associated with the investment fund. When appropriation (expropriation) price is applied, the NAV of the investment fund is the market value of investment 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 management charges; less the value of any current liabilities or provisions. This NAV divided by the number of units existing on the valuation date, before units are allocated (redeemed), gives the amount of money we put in to (take out of) the investment fund per unit allocated (redeemed).

We will refund higher of the fund value or policy premiums paid to date in the event the life insured dies by suicide, whether medically sane or insane, within one year after the issue or revival date, whichever is later.

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.

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.

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 it was fraudulently made by the policyholder and that the policyholder 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 policy is underwritten by Birla Sun Life Insurance Company Limited (BSLI). This is a non-participating unit linked savings plan. Birla Sun Life Insurance, Gold-Plus II, Assure, Protector, Builder, Enhancer, Creator, Magnifier, Maximiser, Multiplier are only the names of the Company, Policy and the Investment Funds 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 eight Investment Funds offered at present. Only the policy administration charge and fund management charge can be modified by the company subject to 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 and change in fundamentals such as tax rates etc affecting the investment portfolio. The premium paid in Unit Linked Life Insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of Investment Fund and factors influencing the capital market and the policy owner is responsible for his/her decisions. There is no guarantee or assurance of returns from the Investment Funds. BSLI reserves the right to recover levies such as the Service Tax levied by the authorities on insurance transactions. If there be any additional levies, they too will be recovered from you. This brochure contains the salient features of the plan. For further details please refer to the policy contract. Tax benefits are subject to changes in the tax laws. Insurance is the subject matter of the solicitation. 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.