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In this policy, the investment risk in the investment portfolio is borne by the policyholder.​
INVESTMENT OPTIONS


Self-Managed Option

In this option, you have the freedom to decide how to invest your premiums. We offer nine investment fund options to suit your specific needs. These fund options are – Group Money Market, Group Short Term Debt, Group Gilt, Group Fixed Interest, Group Bond, Group Secure, Group Stable, Group Growth and Group Growth Advantage..

If you wish to diversify your risk, you can choose to allocate your premium in varying proportions amongst the nine investment fund options, in increments of 5%, ranging from 5% to 100%. We record your allocation instructions as per the premium allocation percentage.

You can switch from one investment fund to another at any time to match your changing risk profile any number of times.



MarketCycle Option

Under the MarketCycle Option, your portfolio will be structured as per your risk profile – you can decide whether you are Aggressive, Moderate, Conservative or Assure in your approach towards investments. Your portfolio will then be monitored and administered by us, saving you the time and effort involved in overseeing it yourself.

We will invest your premium between the two investment funds, Group Growth Maximiser and Group Income Advantage in a predetermined proportion based on the selected risk profile when the premium is invested. Details about these two funds are explained later.

At every monthly processing date, we will switch any excess of fund value in Group Growth Maximiser fund over that in the Group Income Advantage fund times applicable Equity Multiple, to Group Money Market fund; otherwise we will rebalance the fund automatically such that after rebalancing the proportion of Group Growth Maximiser and Group Income Advantage fund will be as per the chosen risk profile. You can choose from following risk profile:

Risk Profile
Aggressive
Moderate
Conservative
Assure
Group Growth Maximiser Fund
60%
40%
20%
0%
Group Income Advantage Fund
40%
60%
80%
100%
Equity Multiple
1.500
0.667
0.250
0.000


 
You can use the balance in the Group Money Market fund to take benefit payouts or can switch back to MarketCycle Option or switch to any other fund option in the Self Managed Option. For benefit payouts in excess of fund value in Group Money Market fund the required amount will be transferred to Group Money Market fund from Group Income Advantage and Group Growth Maximiser funds proportionately.

You can change the risk profile anytime that too free of charge. The rebalancing of the MarketCycle Option is also free of charge.

You also can switch from Self Managed Option to MarketCycle Option or vice versa at any time.

Fund switch charges will be applicable for switch from MarketCycle Option to Self Managed Option.

Example:
Investment Option: MarketCycle Option, Risk profile: Aggressive

Event
Ratio
Group Growth Maximiser Fund
Group Income Advantage Fund
Group Money Market Fund
Total
Initial Premium
60:40
60,000
40,000
0
100,000
At each policy month
Scenario I
Before Rebalancing
65:35
78,000
42,000
0
120,000
After Rebalancing
60:40
63,000
42,000
15,000(1)
120,000
Scenario II
Before Rebalancing
50:50
45,000
45,000
0
90,000
After Rebalancing
60:40
54,000
36,000
0(2)
90,000
 
  • Gain = 78,000 – 1.5 * 42,000 = 15,000
  • Gain = 45,000 – 1.5 * 45,000 = (22,500). Since Gain is negative, no gain is transferred to Group Money Market fund. Instead, the funds are rebalanced to achieve the 60:40 ratio.

SEGREGATED FUND OPTIONS
 
The portfolio of the different Segregated Fund Options is given below:

Segregated Fund
Segregated Fund Identification No. (SFIN)
Risk Profile
Asset Allocation
Min.
Max.
Group Money Market
ULGF00824/08/04BSLIGRMMKT109
Very Low

Debt Instruments, Money Market & Cash

Equities & Equity Related Securities

100%

0%

100%

0%
Group Short Term Debt
ULGF01322/09/08BSLGSHTDBT109
Very Low

Debt Instruments, Money Market & Cash

Equities & Equity Related Securities

100%

0%

100%

0%
Group Gilt
ULGF00630/05/03BSLIGRGILT109
Low

Debt Instruments, Money Market & Cash

Equities & Equity Related Securities

100%

0%

100%

0%
Group Fixed Interest
ULGF00416/07/02BSLGFIXINT109
Low

Debt Instruments, Money Market & Cash

Equities & Equity Related Securities

100%

0%

100%

0%
Group Income Advantage
ULGF01425/02/10BSLGINCADV109
Low

Debt Instruments, Money Market & Cash

Equities & Equity Related Securities

100%

0%

100%

0%
Group Bond
ULGF00530/05/03BSLIGRBOND109
Medium

Debt Instruments, Money Market & Cash

Equities & Equity Related Securities

100%

0%

100%

0%
Group Secure
ULGF00212/06/01BSLGSECURE109
Medium

Debt Instruments, Money Market & Cash

Equities & Equity Related Securities

80%

10%

90%

20%
Group Stable
ULGF00312/06/01BSLGSTABLE109
High

Debt Instruments, Money Market & Cash

Equities & Equity Related Securities

65%

20%

80%

35%
Group Growth
ULGF00112/06/01BSLGGROWTH109
High

Debt Instruments, Money Market & Cash

Equities & Equity Related Securities

50%

30%

70%

50%
Group Growth Advantage
ULGF01026/11/07BSLIGGRADV109
High

Debt Instruments, Money Market & Cash

Equities & Equity Related Securities

40%

30%

70%

50%
Group Growth Maximiser
ULGF01525/02/10BSLIGRMAXI109
High

Debt Instruments, Money Market & Cash

Equities & Equity Related Securities

0%

80%

20%

100%
 

The objective and strategy of the various funds is as given below:


Group Money Market Fund

Objective: The primary objective of the Segregated fund option is to provide reasonable returns, at a high level of safety and liquidity for capital conservation for the policyholder.

Strategy: The strategy of the Segregated fund option is to make judicious investments in high quality debt and money market instruments protect capital of the policyholder with very low level of risk.


Group Short Term Debt Fund

Objective: This Segregated fund option helps to provide capital preservation at a high level of safety & liquidity through judicious investments in high quality short-term debt instruments.

Strategy: To actively manage the fund by building a portfolio of fixed income instruments with short-term duration. The quality & duration of the assets purchased would aim to minimize the credit risk & liquidity risk of the portfolio. Fund will maintain reasonable level of liquidity.


Group Gilt Fund
 
Objective: The Segregated fund option aims to deliver safe and consistent returns over a long term period by investing in Government Securities for capital preservation of the policyholder.

Strategy: The Segregated fund option strategy is to invest in government securities, maintaining a medium to long-term duration of the portfolio to achieve capital conservation.


Group Fixed Interest Fund
 
Objective: The Segregated fund option with full exposure in debt market instrument aims to achieve value creation at low risk over a long-term horizon by investing into high quality fixed interest securities.

Strategy: Active fund management at a medium level of risk by having entire exposure to government securities, corporate bonds maintaining medium to long-term duration of the portfolio to achieve capital conservation.


Group Income Advantage Fund
 
Objective: To provide capital preservation and regular income, at a high level of safety over a medium term horizon by investing in high quality debt instruments.

Strategy: To build and actively manage a portfolio of high quality fixed income instruments with medium-term duration. The fund will invest in government securities, high rated corporate bonds, high quality money market instruments and other fixed income securities. The quality of the assets purchased would aim to minimize the credit risk and liquidity risk of the portfolio. The fund will maintain reasonable level of liquidity.


Group Bond Fund
 
Objective: The Segregated fund option aims to achieve capital preservation along with stable returns by investing in corporate bonds over medium-term period.

Strategy:The fund follows a strategy to invest in high credit rated corporate bonds, maintaining a short-term duration of the portfolio at a medium level of risk to achieve capital conservation.

Group Secure Fund
 
Objective: This Segregated fund option helps build your capital and generate better returns at moderate level of risk, over a medium or long-term period through a balance of investment in equity and debt.

Strategy: Generate better return with moderate level of risk through active management of fixed income portfolio and focus on creating long term equity portfolio which will enhance yield of composite portfolio with low level of risk appetite.


Group Stable Fund
 
Objective: This Segregated fund option helps you grow your capital through enhanced returns over a medium to long term period through investments in equity and debt instruments, thereby providing a good balance between risk and return. This fund is suitable for those who want to earn higher return on investment through balanced exposure to equity and debt securities.

Strategy: To earn capital appreciation by maintaining diversified equity portfolio and seek to earn regular return on fixed income portfolio by active management resulting in wealth creation for policyholders.


Group Growth Fund
 
Objective: The objective of this Segregated fund option is to achieve optimum balance between growth and stability to provide long-term capital appreciation with balanced level of risk by investing in fixed income securities and high quality equity security. This fund option is for those who are willing to take average to high level of risk to earn attractive returns over a long period of time.

Strategy: The strategy is to invest into fixed income securities & maintaining diversified equity portfolio along with active fund management policyholder’s wealth in long run.


Group Growth Advantage Fund
 
Objective: The objective of the fund is to provide blend of fixed return by investing in debt & money market instruments and capital appreciation by predominantly investing in equities of fundamentally strong and large blue chip companies.

Strategy: The fund option will invest at least 40% and maximum of 60% in fundamentally strong and large blue chip companies and minimum 40% in Debt and money market Instruments. The Strategy of the fund is to build and actively manage a well-diversified equity portfolio of value & growth driven stocks by following a research-focused investment approach. While appreciating the high risk associated with equities, the fund would attempt to maximize the risk-return pay-off for the long-term advantage of the policyholders. The fund will also explore the option of having exposure to quality mid cap stocks. The Fund Manager would endeavor to outperform the benchmark. The non-equity portion of the fund will be invested in high rated debt and money market instruments and fixed deposits.


Group Growth Maximiser Fund
 
Objective: To provide long term capital appreciation by actively managing a well-diversified equity portfolio of fundamentally strong blue chip companies. The fund will seek to provide a cushion against sudden volatility in the equities through some investments in money market instruments.

Strategy:To build & actively manage a well-diversified equity portfolio of value and growth driven stocks by following a research focused investment approach. While appreciating the high risk associated with equities, the fund would attempt to maximize the risk-return pay off for long-term advantage of the policyholders. The fund will also explore the option of having exposure to quality mid-cap stocks. The non-equity portion of the fund will be invested in good rated money market instruments & fixed deposits. The fund will maintain a reasonable level of liquidity.


POLICY CHARGES


Premium Allocation Charge
 
Premium allocation charge is deducted from your premium when received and before invested in Segregated funds. It is guaranteed never to increase.

Particulars
Plan A
Plan B
Plan C
% of first year premium
2.00
1.00

0.00


Mortality Charge
 
Mortality premium / charge is Re. 5 per member for Rs.5000 Sum Assured. Policyholder has to pay good & service tax extra. The Policyholder has the choice to pay the premium towards life cover separately or this premium can be deducted from the fund by cancellation of units.


Fund Management Charge
 
The daily unit price of each Segregated fund is adjusted to reflect the fund management charge. This may be increased by us in the future subject to IRDAI approval and maximum 1.35% per annum.

Segregated Fund
Fund Management Charge
Group Money Market, Group Short Term Debt, Group Gilt, Group Fixed Interest, Group Income Advantage, Group Bond, Group Secure, Group Stable, Group Growth, Group Growth Advantage
1.00%
Group Growth Maximiser
1.35%

Surrender Charge
 
No surrender charge is applicable under this policy.


Switching Charge
 
This charge is applicable for every switch from Group Income Advantage and Group Growth Maximiser at 2% of amount switched; subject to a maximum of Rs. 500. Switches from other funds are free of charge. These charges are guaranteed to never increase.


Goods and Services Tax (GST)
 
GST, as applicable, will be levied as per the extant tax laws.


IRDAI Approval
 
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 IRDAI before such charge increase is effective.
​​
Disclaimer
This policy is underwritten by Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating unit linked plan. Birla Sun Life Insurance, ABSLI Group Unit Linked 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 names of the funds offered in this plan do not in any way indicate their quality, future prospects or returns. The charges are guaranteed throughout the term of the policy unless specifically mentioned and subject to IRDA approval. 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 policyholder is responsible for his/her decisions. There is no guarantee or assurance of returns from the investment funds. ABSLI 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 visit our website. Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Call Centre: 1-800-270-7000 www.adityabirlasunlifeinsurance.com Reg. No. 109 | CIN: U99999MH2000PLC128110 ADV/11/19-20/1086

UIN : 109L055V04