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Choosing Your Investment Strategy |
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Whether you like to manage your own portfolio or you would rather hand over the responsibility to an expert - BSLI Freedom 58 provides you with both the options.
The two investment options available to you under BSLI Freedom 58 are:
Self Managed Option - You can invest your premiums in our range of ten well established investment funds ranging from 100% debt to 100% equity to suit your particular need and risk appetite - Income Advantage, Assure, Protector, Builder, Enhancer, Creator, Magnifier, Maximiser, Multiplier and Super 20. You will retain the freedom to reallocate your investments between these funds based on your choice.
Life Cycle Option - We manage your funds for you on the basis of your age and risk profile (which may be Conservative, Moderate or Aggressive). Naturally, as you grow older, we alter your portfolio of investment so that it continues to be suitable for your age and risk profile.
Illustration of investment in Maximiser fund with the balance invested in Income Advantage fund.
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Age
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Conservative
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Risk Profile Moderate
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Aggressive
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18 - 30
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50%
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70%
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90%
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31 - 40
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40%
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60%
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80%
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41 - 50
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30%
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50%
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70%
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51 - 60
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15%
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35%
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55%
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61 - 70
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0%
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20%
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40%
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71 +
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0%
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5%
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25%
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This portfolio strategy automatically switches from riskier assets to safer assets progressively, as the vesting date approaches.
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Free of Charge Partial Withdrawals |
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With Freedom 58, you enjoy free of charge unlimited partial withdrawals after three complete policy years. Now, you need not get stressed with sudden financial exigency.
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Top-up Premiums to Enhance Savings |
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Freedom 58 gives you the option of enhancing your savings by paying top-up premium whenever you can. By means of top-up premiums, you can enhance your savings and ensure that you have a substantial retirement corpus at the vesting age.
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Plan Summary |
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Entry Age
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Minimum - 18 Years
Maximum - 75 Years
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Minimum Accumulation Phase
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5 Years
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Partial Withdrawals
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Unlimited partial withdrawals after 3 completed policy years - free of charge. Minimum partial withdrawal amount is Rs. 5000/-
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Vesting Benefit
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Vesting Benefit is the Fund Value. On vesting you have the option to withdraw 1/3 Fund Value tax free & utilize the rest to purchase annuity with BSLI/any other insurer OR utilize the entire Fund Value to purchase annuity from BSLI or any other insurer
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Switching under Self Managed Portfolio
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Allowed
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Tax Benefit
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Under Section 80CCC and Section 10 (10A) of the Income Tax Act, 1961
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Surrender
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No surrender charge after 5 completed policy years
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Disclaimer |
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This policy is underwritten by Birla Sun Life Insurance Company Limited (BSLI). This is a non-participating unit linked pension plan without life cover. Birla Sun Life Insurance,Freedom 58, Self Managed Option, LifeCycle Option, Income Advantage, Assure, Protector, Builder, Creator, Enhancer, Magnifier, Maximiser, Multiplier and Super 20 are only the names of the Company, Policy, Investment Options and the Investment Funds respectively and do not in any way indicate the quality of the Policy, Investment Funds or their future prospects or returns. Unless specifically stated as guaranteed,policy charges can be modified by the company subject to the specified limits and prior 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 policy owner is responsible for his/her decisions. There is no guarantee or assurance of returns from the Investment Funds. BSLI 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.
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UIN No. - 109L038V02
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