birla sun life insurance empower pension plan

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Confidential Copyright Birla Sun Life Insurance Company Limited 2009 1 1 Birla Sun Life Insurance Empower Pension Plan

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Birla Sun Life Insurance Empower Pension Plan. i. Investment Options. Flexibilities. Charges. Disclaimers. Intro. Benefits. Plan Details. i. Investment Options. Flexibilities. Charges. Disclaimers. Intro. Benefits. Benefits. Plan Details. i. Investment Options. Flexibilities. - PowerPoint PPT Presentation

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Page 1: Birla Sun Life Insurance Empower Pension Plan

Confidential Copyright Birla Sun Life Insurance Company Limited 2009

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Birla Sun Life InsuranceEmpower Pension Plan

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Introi

BenefitsInvestment

OptionsFlexibilities Charges Disclaimers

I am afraid of any unforeseen events that might eat up

my savings

Happy? Satisfied? Maybe…

Plan Details Benefits

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Introi

BenefitsInvestment

OptionsFlexibilities Charges Disclaimers

I am worried about the increasing cost of medical

expenses

Plan Details

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I am afraid that my investments won’t

perform well

Introi

BenefitsInvestment

OptionsFlexibilities Charges Disclaimers

Plan Details

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I am concerned about the cost of looking after my

parents

Introi

BenefitsInvestment

OptionsFlexibilities Charges Disclaimers

Plan Details

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Can my Income continue the way Life does post Retirement?

Introi

BenefitsInvestment

OptionsFlexibilities Charges Disclaimers

Plan Details

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Introi Plan

Details BenefitsInvestment

OptionsFlexibilities Charges Disclaimers

Entry Age : 25 to 70 years

Accumulation Term : 5 to 30 years, subject to maximum vesting age of 80 years

Premium Paying Term : Regular Pay

Policy Premium : Minimum Rs. 18,000 p.a. if paid annually

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

Minimum Rs. 30,000 p.a. if paid quarterly

Minimum Rs. 36,000 p.a. if paid monthly

Premium Payment Frequency

: Annual, Semi-Annual, Quarterly & Monthly

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Introi Plan

Details BenefitsInvestment

OptionsFlexibilities Charges Disclaimers

Premium amount you wish to pay every year till the vesting date

Policy Premium

Accumulation period between 5 to 30 years

Vesting Date

Aggressive | Moderate | Conservative, based on your risk appetite

Once chosen, the risk profile cannot be changed

Risk Profile

You Choose

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Introi

BenefitsInvestment

OptionsFlexibilities Charges Disclaimers

Structured depending on chosen vesting date and risk profile

Premiums invested under two investment funds

Maximiser Guaranteed – an equity fund

Income Advantage Guaranteed – a debt fund

BSLI will manage & administer the investments on your behalf

Allocation turns conservative as the vesting date approaches to protect accumulation

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 to Risk Profile

Vesting 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%

Smart Option

Plan Details

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Smart Option Equity Allocation % | Risk Profile – Aggressive | Accumulation Term – 30 years

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 280

20

40

60

80

100

DebtEquity

All

oc

ati

on

%

Years to vesting

30 25 20 15 10 5

Introi

BenefitsInvestment

OptionsFlexibilities Charges Disclaimers

Plan Details

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Introi

BenefitsInvestment

OptionsFlexibilities Charges Disclaimers

Guaranteed Additions

6th policy anniversary and on every policy anniversary thereafter. Guaranteed Addition is 0.25% of the average Fund Value in the last 12 months; plus

11th policy anniversary and every policy anniversary thereafter. Guaranteed Addition is 0.35% of the average Fund Value in the last 12 months; plus

16th policy anniversary and every policy anniversary thereafter. Guaranteed Addition is 0.35% of the average Fund Value in the last 12 months

Vesting Benefit Higher of Guaranteed Vesting Benefit or Fund Value

Guaranteed Vesting BenefitAccumulation Risk ProfilePeriod (years) 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%

Plan Details

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Death Benefit Higher of Guaranteed Death Benefit or Fund Value

Where, Guaranteed Death Benefit is higher of (a) 105% of all Premiums paid or (b) Accumulation of all Premiums paid till date at a compounding

guaranteed rate.

The guaranteed rate varies by the risk profile chosen by the policyholder and is equal to 0.5% p.a., 1.5% p.a. and 3.0% p.a. for Aggressive, Moderate and Conservative risk profiles respectively.

Surrender Benefit Fund Value

Any surrender would we treated as per the Policy Discontinuance

Introi

BenefitsInvestment

OptionsFlexibilities Charges Disclaimers

Plan Details

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Introi

BenefitsInvestment

OptionsFlexibilities Charges Disclaimers

Option 1 Extend the accumulation phase, provided the is below the age of 55 years provided maximum vesting age is not more than 80 years. On extension, the funds will be automatically switched to Income Advantage Fund along with the premiums paid during extension period

Option 2 Enter into a single pay deferred pension plan with us as per then available products

Option 3 Commute to the extent allowed (as per the extant Income Tax Act) and utilize the balance to receive a stream of regular income from us as per our then available products

Option 4 Enter into an income phase with us as per our then available products on your surrender date

Option 1 Option 2 Option 3 Option 4

Vesting √ √ √ √

Death* √

Surrender √ √ √

Plan Details

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Introi

BenefitsInvestment

OptionsFlexibilities Charges Disclaimers

Premium Allocation

Policy Admin

Fund Management

Investment Guarantee 0.25% p.a. adjusted in NAV

Policy Year % of Premium

1 6%

2 - 3 5.5%

4 - 10 5%

11+ 4%

Policy Year Charge (in Rs.)

1 - 5 20 p.m.

6 + 25 p.m. plus 5% increase every year

Fund ChargeIncome Advantage

Guaranteed1.00%

Maximiser Guaranteed 1.35%

Plan Details

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Introi

BenefitsInvestment

OptionsFlexibilities Charges Disclaimers

Investment risk in the investment portfolio is borne by the policy holder

This is a Unit Linked pension plan

The premiums paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital market and the policy owner is responsible for his or her decision

Birla Sun Life Insurance and BSLI Empower Pension Plan are only the names of the Company and Policy respectively and do not in any way indicate their quality, future prospects or returns. The name of the funds offered in this plan does not in any indicate their quality, future prospects or returns

Insurance is the subject matter of the solicitation

Tax benefits are subject to changes in tax laws

For more details and risk factors, refer to the product brochure

For Training purpose only

Plan Details