Aditya Birla SunLife - Wealth Smart Plus - Asset Allocation Fund

Two Plan Options - Smart Life Option (coverage till Age 75) and Whole Life Option (coverage till Age 100).
Zero Premium Allocation Charge and Zero Policy Administration Charge throughout Policy Term.
Choice of 5 investment strategies and 19 funds to suit your varied investment needs.
Systematic Withdrawal Facility to enable regular withdrawals from your Fund Value during the policy term to cater to your recurring monetary needs.
Flexibility of partial withdrawals to meet any emergency fund requirements.
Tax Benefits may be applicable on Premiums paid and Benefits received as per prevailing tax laws.

Smart Life Option
Minimum - 30 days
Maximum - 60 years
Whole Life Option
Minimum - 18 years
Maximum - For Limited Pay:
5 Pay: 40 years
6 Pay and above: 45 years
For Regular Pay:
45 years

Smart Life Option
Minimum
For Limited Pay (5 to 9 years): 10 years
For Limited Pay (10 to 15 years): PPT + 1
For Regular Pay: 10 years
Maximum - 40 years
Whole Life Option
Minimum - 100 minus Entry Age
Maximum - 100 minus Entry Age

Smart Life Option
Limited Pay: 5 to 15 years
Regular Pay: 10 to 40 years
Whole Life Option
Limited Pay: 5 to 15 years
Regular Pay: 100 minus Entry age

Minimum Premium
Rs. 12,000 p.a. if paid annually
Rs. 6,000 p.a. if paid semi-annually
Rs. 3,000 p.a. if paid quarterly
Rs. 1,000 p.a. if paid monthly
Maximum Premium
No Limit (subject to Board Approved Underwriting Policy)

Minimum Sum Assured
For Entry Age: 30 days to 50 years: Rs.1,20,000
For Entry Age: 51 years and above: Rs 84,000
Maximum Sum Assured
No Limit (subject to Board Approved Underwriting Policy)

1. Systematic Transfer Investment Option is an option for individuals who would like to
eliminate the need to time one s investments in the market.
2. Return Optimiser Investment Option is an option for individuals who would like to have
optimal participation in the capital markets while safeguarding their returns from any market related volatilities.
3. Self-Managed Investment Option is an option for individuals who would like to have
complete control over their investment.
4. Smart Investment Option is an option for individuals who would like to take care of
ever-changing financial needs as per their increasing age.
5. Life Cycle Investment Option is an option for individuals who would like to create an ideal balance between equity and debt, based on their age.

In case of Death of the Life Insured anytime during the Policy Term, while the policy is in-force, we will pay to the nominee/legal heir higher of:
a. Fund Value as on date of intimation of death of the Life Insured;
b. Sum Assured (reduced by partial withdrawals made during the two years immediately preceding the date of death of the Life Insured, if any)
c. 105% of the of the Total Annualized Premiums received up to the date of death less any partial withdrawals made from the Fund Value, during two-year period immediately preceding the death of the life insured.

On survival of Life Insured up to the end of the Policy Term and provided all due premiums under the policy have been paid or is a Reduced Paid-Up Policy, We shall pay the Fund Value in a lump sum to you or as a structured payout using Settlement Option if opted by you.

You are allowed to make unlimited partial withdrawals from the Fund Value at any time after five complete policy years provided the attained age of Policyholder is 18 years or above.
The minimum amount of partial withdrawal is R5,000 and maximum of 25% of the Fund Value. You are required to maintain a minimum Fund Value of one Annualized Premium. The total amount of partial withdrawal during a policy year shall not exceed 50% of the Fund Value at the time of partial withdrawal(s). The partial withdrawal limit is set to ensure that it does not result in termination of the policy.
There is no charge for exercising partial withdrawal facility. You shall not be allowed to exercise this option during the period of Policy discontinuance and the settlement period.

Fund Management Charge (as a percentage of the Net Asset Value) is deducted by adjusting the daily Net Asset Value of each Fund. It is as follows:
1.00% p.a. for Liquid Plus, Income Advantage, Assure, Protector and Builder
1.25% p.a. for Enhancer, Creator, Capped Nifty Index, Asset Allocation
1.35% p.a. for MNC, Magnifier, Maximiser, Multiplier, Super 20, Pure Equity, ESG Fund, Small Cap Fund, Nifty Alpha 50 Index Fund, and Value & Momentum
0.50% p.a. for Linked Discontinued Policy Fund
May change the Fund Management Charge under any fund at any time subject to a maximum
of 1.35% p.a. in the future subject to IRDAI approval

Mortality charge is based on the Sum at Risk and is deducted at the start of each month by
cancellation of units proportionately from each Fund under the policy at the time.
The Sum at Risk is any excess of Death Benefit over Fund Value. The charge per 1000 of Sum at Risk will depend on the gender and attained age of the Life Insured.