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Life Insurance: A Non-Linked Non Participating Individual Pure Risk Premium Life Term Insurance Plan
Life Insurance: A Non-Linked Non Participating Individual Pure Risk Premium Life Term Insurance Plan
LIFE INSURANCE
Aditya Birla Sun Life Insurance Company Limited
This benefit illustration is intended to show year wise premiums payable and benefits under the policy:
Policy Details
UIN : 109N108V06 Policy Term : 50 Years
Amount of Installment Premium : Rs. 15,085 Premium Payment Term : 12 Years
Category : Non-Smoker ACI Premium Payment Term : NA
ABG Employee : No ACI Cover Term : NA
Accelerated Critical Illness (ACI) Beneft Sum Assured : NA Pay Frequency : Yearly
Accelerated Critical Illness (ACI) Benefit Installment : NA GST Rate : 18%
premium
Policy Details
Policy Option : Single Life Sum Assured : Rs. 5,000,000
Plan Option : Option 1 - Level Cover Option
Sum Assured Escalation Rate : NA Sum Assured on Death (at : Rs. 5,000,000
inception of policy)
Increasing Monthly Income : NA
Income Benefit Period : NA
Retirement Age : NA
Sum Assured Reduction Factor : NA
Enhanced Life Stage Protection : No
Rider Details
Rider Name Sum Assured(Rs.) Annual Premium Term
Accidental Death Benefit Rider Plus 0.00 0.00 --
Accidental Death & Disability 0.00 0.00 --
Critical Illness 0.00 0.00 --
Surgical Care 0.00 0.00 --
Hospital Care 0.00 0.00 --
Waiver of Premium Rider 0.00 0.00 --
Premium Summary (in Rs.) Base Plan Riders ACI Total Installment Premium
Installment Premium without GST 15,085 0 0 15,085
Installment premium with First Year GST 17,800.3 0 0 17,800.3
Installment Premium with GST 2nd Year onwards 17,800.3 0 0 17,800.3
(Amount in
rupees)
Non
Single/Annualized Premium* Guaranteed Guaranteed
Policy Attn Min
Year Age Survival Special
Other Maturity Guaranteed
During Year Cumulative Benefits/Loyalty Death Benefit Surrender
Benefits(if any) Benefit Surrender
Additions Value
Value
1 30 15,085 15,085 0 0 0 5,000,000 0 0
2 31 15,085 30,170 0 0 0 5,000,000 0 0
3 32 15,085 45,255 0 0 0 5,000,000 0 0
4 33 15,085 60,340 0 0 0 5,000,000 0 0
5 34 15,085 75,425 0 0 0 5,000,000 0 0
LIFE INSURANCE
Aditya Birla Sun Life Insurance Company Limited
Notes: Annualized Premium excludes underwriting extra premium, frequency loadings on premiums, ACI premium, if any, the premiums paid towards the riders, if any and
Goods & Service Tax (if any).
On diagnosis of Terminal Illness while the policy is in force, 50% of the applicable Sum Assured on Death subject to maximum of Rs. 2 Crore, shall be paid in lump sum as
Terminal Illness Benefit. On subsequent death of the Life Insured during the policy term, the Sum Assured on Death shall be reduced by the amount of Terminal Illness
Benefit already paid. TI Benefit is available with all Plan options.
LIFE INSURANCE
Aditya Birla Sun Life Insurance Company Limited
On diagnosis of Critical Illness while the policy is in force,provided the policy holder has opted for the same at policy inception, the chosen ACI Sum Assured shall be paid in
lump sum as Accelerated Critical Illness Benefit. On subsequent death of the Life Insured during the policy term, the Sum Assured on Death shall be reduced by the amount of
Accelerated Critical Illness Benefit already paid. ACI benefit is available with all Plan Options.
I, ............................, have explained the premiums and benefits under the policy I, ............................, having received the information with respect to the above,
fully to the prospect/policyholder. have understood the above statement before entering into the contract.
Place :
Date : 24/11/2021 Date : 24/11/2021
___________________________________ ______________________________
Signature of Agent/Intermediary/ Official Signature of Prospect/Policyholder:
Aditya Birla Sun Life Insurance Company Limited Reg. No. 109