Robinhood Insurance Broker Private Limited

Product Info





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Withdrawn Date


Product Overview

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.

Product Description

  • This plan is a unit linked, non-participating, insurance plan
  • A policy term of 10 years.
  • A premium paying term of 3 years.
  • Full liquidity after three policy years to meet any cash needs.


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Unique Features

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

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.

OneInsure App Benefits

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Product Benefit

  • Maturity Benefit :
  1. On maturity fund value will be paid.
  2. An additional amount will be paid on the number of units under your policy at that time.
  3. Guaranteed Maturity Unit Price over the prevailing unit price in case of excess.
  • Death Benefit :
  1. In the event of an unfortunate death of the life insured prior to the maturity date of the policy.
  2. The nominee the greater of (a) the Fund Value or (b) the Sum Assured reduced for partial withdrawals.

Other Policy Features

  • Surrender:
  1. After the completion of three policy years, you can surrender your policy and receive 100% of the Fund Value at that time.
  2. You can surrender your policy in the first three policy years but, the company shall retain a surrender charge which will defer the payment till the end of the third policy year.
  • Partial Withdrawals:
  1. Partial withdrawals can be made after three complete policy years.
  2. The minimum withdrawal amount is Rs.5,000. 
  3. The maximum partial withdrawal you can make is the excess, if any, of the Fund Value over Rs.30,000.
  4. Guaranteed Maturity Unit Price The Guaranteed Maturity Unit Price starts at 10 on the first Reset Date and is increased on each subsequent Reset Date to the then prevailing unit price of Platinum Plus Fund II, if higher.
  • Grace Period and Revival:
    If you are unable to pay your premium by the due date, you will be given a grace period of 30 days (15 days for monthly mode) and during this grace period, all coverage under your policy will continue. You can reinstate your policy for its full coverage within two years from the due date of the first unpaid premium by paying all outstanding premiums together with interest.


Riders Not Available


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

Tax Benefits under Section 80C, 80D and Section 10(10D) of the Income Tax Act, 1961.

Claim Process

Know Claim Process of ABSLI Platinum Plus

Claim Process

Company Overview

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.


OneInsure is owned by Robinhood Insurance Broker Pvt. Ltd.

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.


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Tab 2

2 burgers per month

burger₹ 700
Your yearly cost on fast food = roughly ₹ 8,400
Cost of Health Insurance for whole family with ₹ 5 lakhs cover!

Tab 3

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Get ₹. 50 Lakhs
on retirment by saving
₹. 3,900/ Month.