Aditya Birla Sun Life Insurance Version 1
ABSLI Nishchit Aayush Plan UID : 3240102304426
A non-linked non-participating individual savings life insurance plan Jun 19, 2023 10:54:43
Your Benefit Illustration
LIFE INSURANCE
Aditya Birla Sun Life Insurance Company Limited
This shall form a part of the policy contract
Proposer Mr. Smart Investor Age : 51 years Gender : Male
Life Insured Mr. Investor Age : 18 years Gender : Male
This benefit illustration is intended to show year wise premiums payable and benefits under the policy:
Policy Details
UIN : 109N137V02
Annualized Premium : Rs. 100,000 Premium Paying Term : 8 years
GST Rate Year 1 : 4.5% Policy Term : 35 years
GST Rate Year 2 onwards : 2.25% Deferment Period : 0 year
Premium Payment Frequency : Annual
Policy Details
Benefit Option : Long Term Income Sum Assured : Rs. 1,000,000
Income Variant : Level Income with Lumpsum Benefit Sum Assured on Death (at inception : Rs. 1,000,000
of policy)
Benefit Payout Frequency : Annual Income Benefit Factor : 33.95%
Rider Details
Rider Name Sum Assured Rider Term Annualized Premium
ABSLI Accidental Death Benefit Rider Plus -- -- --
ABSLI Critical Illness Rider -- -- --
ABSLI Surgical Care Rider -- -- --
ABSLI Hospital Care Rider -- -- --
ABSLI Waiver of Premium Rider -- -- --
Premium Summary (in Rs.) Base Plan Riders Total
Annualized Premium 100,000 0 100,000
Installment Premium before Modal Loading (A) 100,000 0 100,000
Modal Loading Factor (B) 0% 0% 0%
Installment Premium without GST after Modal Loading 100,000 0 100,000
{(A*B) + A}
First year's GST 4,500 0 4,500
Installment Premium with First Year GST 104,500 0 104,500
Installment Premium with GST 2nd Year onwards 102,250 0 102,250
Prepared for: Mr. Smart Investor ABSLI Nishchit Aayush Plan Page 1
Aditya Birla Sun Life Insurance Version 1
ABSLI Nishchit Aayush Plan UID : 3240102304426
A non-linked non-participating individual savings life insurance plan Jun 19, 2023 10:54:43
Your Benefit Illustration
LIFE INSURANCE
Aditya Birla Sun Life Insurance Company Limited
(Amount in rupees)
Non
Guaranteed Guaranteed
Policy
Year Cumulative Special
Annualized Survival Maturity Total Benefits Death Minimum Guaranteed
Annualized Surrender
Premium(1) Benefit (A) Benefit (B) (A) + (B) Benefit(2) Surrender Value*
Premium Value
BOY EOY* EOY EOY* EOY EOY EOY
1 100,000 100,000 33,950 0 33,950 1,000,000 0 0
2 100,000 200,000 33,950 0 33,950 1,000,000 26,050 26,050
3 100,000 300,000 33,950 0 33,950 1,000,000 37,100 37,100
4 100,000 400,000 33,950 0 33,950 1,000,000 98,150 98,150
5 100,000 500,000 33,950 0 33,950 1,000,000 114,200 55,967
6 100,000 600,000 33,950 0 33,950 1,000,000 130,250 76,571
7 100,000 700,000 33,950 0 33,950 1,000,000 146,300 87,254
8 100,000 800,000 33,950 0 33,950 1,000,000 170,350 146,448
9 0 0 33,950 0 33,950 1,000,000 152,400 161,699
10 0 0 33,950 0 33,950 1,000,000 126,450 176,270
11 0 0 33,950 0 33,950 1,000,000 108,500 172,875
12 0 0 33,950 0 33,950 1,000,000 82,550 203,376
13 0 0 33,950 0 33,950 1,000,000 64,600 215,911
14 0 0 33,950 0 33,950 1,000,000 38,650 227,766
15 0 0 33,950 0 33,950 1,000,000 12,700 238,943
16 0 0 33,950 0 33,950 1,000,000 0 265,030
17 0 0 33,950 0 33,950 1,000,000 0 274,509
18 0 0 33,950 0 33,950 1,000,000 0 298,220
19 0 0 33,950 0 33,950 1,000,000 0 320,573
20 0 0 33,950 0 33,950 1,000,000 0 341,568
21 0 0 33,950 0 33,950 1,000,000 0 375,098
22 0 0 33,950 0 33,950 1,000,000 0 393,037
23 0 0 33,950 0 33,950 1,000,000 0 422,832
24 0 0 33,950 0 33,950 1,000,000 0 450,590
25 0 0 33,950 0 33,950 1,000,000 0 488,846
26 0 0 33,950 0 33,950 1,000,000 0 524,385
27 0 0 33,950 0 33,950 1,000,000 0 557,209
28 0 0 33,950 0 33,950 1,000,000 0 598,832
29 0 0 33,950 0 33,950 1,000,000 0 637,061
30 0 0 33,950 0 33,950 1,000,000 0 671,894
31 0 0 33,950 0 33,950 1,000,000 0 713,830
32 0 0 33,950 0 33,950 1,000,000 0 761,850
33 0 0 33,950 0 33,950 1,000,000 0 805,117
34 0 0 33,950 0 33,950 1,000,000 0 853,110
35 0 0 33,950 880,000 913,950 1,000,000 0 0
"BOY" = refers to cash flows payable at the "Beginning of the Year", "EOY" = refers to cash flows payable at the "End of the Year", "EOY*" = refers to
cashflows payable in arrears as per the Benefit Payout Frequency chosen
Notes:
(1) Annualized Premium means Premium amount payable during a Policy Year, excluding underwriting extra premiums, loadings for modal premiums, rider
premiums, first year discounts and applicable taxes, cesses and levies, if any.
(2) In the event of death of the Life Insured during the Policy Term, the benefit shall be, Higher of :
- Sum Assured on Death
- Surrender Benefit
The Sum Assured on Death is the highest of:
• Sum Assured
• 105% of the Total Premiums Paid up to the date of death
Prepared for: Mr. Smart Investor ABSLI Nishchit Aayush Plan Page 2
Aditya Birla Sun Life Insurance Version 1
ABSLI Nishchit Aayush Plan UID : 3240102304426
A non-linked non-participating individual savings life insurance plan Jun 19, 2023 10:54:43
Your Benefit Illustration
LIFE INSURANCE
Aditya Birla Sun Life Insurance Company Limited
Where,
• "Total Premiums Paid" means total of all the premiums received, excluding underwriting extra premium, loadings for modal premium, any rider premium, first
year discounts and applicable taxes, cesses and levies, if any.
• "Sum Assured" is the absolute amount equal to a 10 times of the Annualized Premium.
*Income Benefit/s paid till date are deducted from the Surrender Values indicated above.
-
Please refer the Product Brochure for more details on the terms used in this illustration.
The rider benefit(s), if any, shall not be payable if the policy is in reduced paid-up mode.
I,................................................................, have explained the premiums, I,................................................................, having received the information
and benefits under the policy fully to the prospect/policyholder.. with respect to the above, have understood the above statement before
entering into the contract.
Place :
Date :19/6/2023 Date :19/6/2023
____________________________________ ____________________________________
Signature of Agent/Intermediary/ Official Signature of Prospect/Policyholder
V02 - 19/6/2023
For further details please refer to the product brochure.
Aditya Birla Sun Life Insurance Company Limited Reg. No. 109
Prepared for: Mr. Smart Investor ABSLI Nishchit Aayush Plan Page 3
