This plan provides Structured well-diversified portfolio with quality professional advice. Commitment through guarantees. Innovating to achieve wealth creation & protection solutions. Convenience through shorter payment period & full liquidity.
A unique Guaranteed Maturity Unit Price representing the highest unit price of Platinum Plus Fund IV recorded on business days between 15th September 2009 and 15 December 2016.
Eligibility Criteria | |
Min. Entry Age | 18yrs (Age last birthday, 3 months to be completed) |
Max. Entry Age | 70 years (Age last birthday) |
Max Maturity Age | Till Age 70 years |
Min. Regular Premium | Rs.100,000/- |
Min. Top-up Premium | Nil |
Min. Sum Assured | 5* Annual Premium |
Max. Sum Assured | No limit subject to medical and financial underwriting. |
Premium Payment Term | 3 years |
Minimum Premium | Rs.100,000 p.a. |
Policy Term | 10 years. |
Riders Not Available
Charges | ||||||
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Allocation Charges | 0-40% in Money Market & Cash; | |||||
0-100% in Debt Instruments & Derivatives; and | ||||||
0-100% in Equities & Equity Related Securities. | ||||||
The charge is 10% of premium in the 1st year and 4% of premium in subsequent years. | ||||||
Policy Admin Charges | This charge is per 1000 of Sum Assured and is guaranteed to never increase for the first three years. | |||||
It can be increased by no more than by 5% per annum since inception. | ||||||
The annual charge is Rs.720 on the first 1000 Sum Assured in all years plus Rs.6 per 1000 Sum Assured in years 1 to 3 only. | ||||||
Fund Management Charges | Unit price of the investment fund is adjusted to reflect the fund management charge of 1.00% p.a. for Assure and 1.50% p.a. for Platinum Plus Fund II. | |||||
This may increase the charge at any time subject to a maximum of 1.50% for Assure and 2.00% for Platinum Plus Fund II. | ||||||
Surrender Charges | The surrender charge as a percentage of the annual premium at issue is 16%, 13% and 10% for policy year 1, 2 and 3 respectively. | |||||
Mortality Charges | This charge is per 1000 of Sum at Risk (Sum Assured less Fund Value) and is guaranteed to never increase. | |||||
Revision of Charges | The charge for policy revival is Rs.100. We may increase this charge at any time in the future up to Rs.1,000 per revival. |
If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of issuance of the Policy, the Policy shall be void and the Company will only be liable to pay the premiums paid till date.
Tax Benefits under Section 80C, 80D and Section 10(10D) of the Income Tax Act, 1961.
Know Claim Process of ABSLI Platinum Plus
Aditya Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya Birla Group, a well known Indian conglomerate and Sun Life Financial Inc, one of the leading international financial services organizations from Canada.
Robinhood is known for its user & customer centric approach. We take care of all the phases of insurance, whether you've bought the policy from us or not.