109L147V01 1 109L147V01

Aditya Birla Sun Life Insurance
ABSLI Wealth Smart Plus

A Unit Linked Non-Participating Individual Life Insurance Savings Plan
POLICY CONTRACT
PART B – DEFINITIONS
GENERAL
The Company may amend or place endorsement/s to this Policy from time to time for any changes agreed to by the
Policyholder and the Company, and any such amendments or endorsement/s will form part of this Policy.
In this Policy, the words or terms below that appear in initial capitals will have the specific meaning assigned to them below.
These defined words or terms will, where appropriate to the context, be read so that the singular includes the plural, and the
masculine includes the feminine.
Any capitalized term used and not defined herein shall have the same meaning as is ascribed to them under the Rider Terms
and Conditions, if the Rider has been provided for and is in force under the Policy. In case of any common terms in the Rider
Terms and Conditions and this Policy, for the purpose of this Policy the meaning ascribed to such terms in this Policy shall
prevail. This is a Unit Linked Life Insurance Policy. The actual payment of benefits under this Policy will vary based on the
actual performance of the Segregated Funds offered under this Policy and as selected by You.
Please read this Policy document carefully.
IRDAI PRIOR APPROVAL
Unless specifically stated otherwise, We reserve the right to increase each Charge applicable to Your Policy at any time. We,
however, need to get prior approval from the Insurance Regulatory and Development Authority of India (IRDAI) before such
Charge increase is effective.
1. “Act” refers to the Insurance Act 1938 as amended from time to time and shall include the Insurance Laws (Amendment)
Act 2015.
2. “Age” refers to age of the Life Insured as on the last birthday in completed years attained as on the Policy Issue Date or
on the previous Policy Anniversary, as the case may be.
3. “Appointee” is the person who is appointed by You and as named in the Policy Schedule, who is authorized to receive
benefits under the Policy on behalf of the Nominee(s), in cases where the Nominee is less than Age 18 on the date of claim
payment.
4. “Annualized Premium” is the amount specified in the Policy Schedule and means Instalment Premium amount payable in
a Policy Year, excluding any rider premiums, underwriting extra premium on riders and applicable taxes, cesses or levies,
if any.
5. “Assignee” means the person to whom the rights and benefits are transferred by virtue of an assignment.
6. “Assignment” means a provision wherein the Policyholder can assign or transfer a Policy in accordance with Section 38 of
the Insurance Act, 1938 as amended from time to time.
7. “Business Day” means days other than holidays where stock exchanges (excluding Muhurat trading day) with national
wide terminals are open for trade or any day declared by the IRDAI as a business day.
8. “Charges” means or refers to the charges as detailed in Policy Charges section of Part E of this policy specified in Part E of
this Policy.
9. “Claimant” means You, Life Insured (if You are not the Life Insured), Nominee(s) (if valid nomination is effected),
assignee(s) or their heirs, legal representatives or holders of a succession certificate in case Nominee(s) or assignee(s)
is/are not alive at the time of claim.
10. “Date of Commencement of Risk” is the date as shown in the Policy Schedule when risk cover on the life of the Life
Insured begins under this Policy.
11. "Date of Discontinuance" means the date on which We receive a written intimation from You about the Surrender of the
Policy or on expiry of the Grace Period, whichever is earlier.
12. “Death Benefit” means the benefit payable on death of the Life Insured as specified in Part C of this Policy.
Policy Contract_V01_06/2024
POLICY CONTRACT
13. "Discontinuance" means the state of the Policy arising out of the Surrender of the Policy or on non-payment of the
Instalment Premium due before the expiry of the Grace Period.
14. "Discontinuance/Surrender Charge" means a charge levied by Us on the Discontinuance or Surrender of the Policy in
accordance with the rates as specified in Clause 5 of Part E of this Policy.
15. “Free-Look Period” means the period during which, subject to Clause 1 of Part D, You have an option to return the original
Policy to Us by stating the objections/reasons for such disagreement in writing.
16. “Force Majeure Event” means an event by which performance of any of Our obligations is prevented or hindered as a
consequence of any act of God, State, strike, lock-out, legislation or restriction by any government or other authority or
any circumstance beyond Our anticipation or control, during continuance whereof the performance of Our obligations
under this Policy shall remain wholly or partially suspended.
17. “Funds" means the segregated unit linked funds established and managed by Us in accordance with Part E of this Policy.
18. “Fund Management Charge” means a charge levied by Us for management of the Segregated Funds and calculated as a
percentage of the Fund Value and appropriated by adjusting the NAV. The Fund Management Charge shall be levied on
each Valuation Date throughout the Policy Term.
19. “Fund Value” is equal to the number of Units pertaining to Annualized Premiums allocated to the Segregated Fund(s)
chosen by You multiplied by the respective NAV of those Segregated Fund(s).
20. “Grace Period” means the time granted by Us from the due date for the payments of Instalment Premium, without any
penalty or late fee, during which time the risk cover under the Policy is considered to be in-force without any interruption,
as per the terms & conditions of the Policy. The Grace Period for payment of Instalment Premium for monthly premium
payment mode is fifteen (15) days and thirty (30) days for all other modes.
21. “Instalment Premium” is the premium as payable by You during the Premium Payment Term for the Policy on the due
dates in a Policy Year, as specified in the Policy Schedule for effecting and continuing risk cover under this Policy.
22. “IRDAI” or “Authority” means the Insurance Regulatory and Development Authority of India.
23. “Life Insured” is the person named in the Policy Schedule, on whose life the Policy is effected.
24. “Limited Pay” is where the Premium Payment Term is more than one year, however, lesser than the Policy Term.
25. "Linked Discontinuance Policy Fund" means the Segregated Fund that is set aside and is constituted by the Fund Value
of all policies discontinued during the Lock-In Period. The Linked Discontinued Policy Fund is invested and on which a
minimum guaranteed interest rate of 4% per annum (or as mandated by the IRDAI from time to time) is payable by Us.
26. “Lock-In Period” means the period of five (5) consecutive completed Policy Years from the Policy Issue Date during which
period the proceeds of the policies cannot be paid by the Us to the Policyholder or to the Life Insured, as the case may
be, except in the case of death or upon the happening of any other contingency covered under the policy.
27. “Maturity Date” is the date specified in the Policy Schedule on which the Policy Term expires.
28. “Maturity Benefit” means the benefit as specified in Part C in the Policy which is payable on the Policy Maturity Date.
29. “Minor” is a person who has not completed 18 years of Age.
30. “Mortality Charge” means a charge levied by Us on a sum at risk basis for providing life insurance cover to the Life Insured
during the Policy Term. The Mortality Charge is deducted from the Fund Value at the beginning of each Policy Month on
the basis of his/her Attained Age in accordance with the rates as specified in Part E of the Policy.
31. “Monthly Processing Date” means the date which corresponds numerically with the Policy Issue Date in every calendar
month.
32. “Net Asset Value” or “NAV” or “Unit Price” means the price in accordance with Part E of this Policy at which We allocate
or redeem Units in each of the Funds on that day.
33. “Nomination” is the process of nominating a person who is named as “Nominee” in the proposal/application form or
subsequently included/ changed by an endorsement. Nomination should be in accordance with provisions of Section 39
of the Insurance Act, 1938 as amended from time to time.
34. “Nominee” is the person who is nominated by You in accordance with Part F and whose name is mentioned in the Policy
Schedule, to receive the Death Benefit under this Policy. Nomination can only be effected if You are also the Life Insured
under the Policy.
35. “Partial Withdrawal” means any amount withdrawn partially out of Fund Value by the Policyholder during the term of
the Policy in accordance with Part D of the Policy.
POLICY CONTRACT
36. “Policy” means the contract of insurance entered into between You and Us as evidenced by this document, the Proposal
Form, the Policy Schedule and any additional information/document(s) provided to Us in respect of the Proposal Form
along with any written instructions from You, subject to Our acceptance of the same and any endorsement issued by Us.
37. “Policyholder” or “You” or “Your” means the owner of the Policy at any point of time.
38. “Policy Anniversary” means the date which corresponds numerically with the Policy Issue Date in every calendar year
until the Maturity Date.
39. “Policy Issue Date” is the date specified in the Policy Schedule on which this Policy is issued, and Your rights, benefits and
risk cover begin under the Policy.
40. “Policy Month” is the period of one calendar month from the Monthly Processing Date.
41. “Policy Schedule” means the policy schedule and any annexures, tables, and/or endorsements attached to it from time
to time and forming part of the Policy.
42. “Policy Term” means the number of Policy Years as specified in the Policy Schedule for which the Policy is in-force,
commencing from the Policy Issue Date and ending on the Maturity Date.
43. “Policy Year” is the period of twelve calendar months from the Policy Anniversary.
44. “Premium Allocation Charge” means a charge, if any, as specified in Part E which is levied by Us and calculated as a
percentage of the Annualized Premium and deducted from the Annualized Premium received by Us before the same is
invested in the Segregated Funds.
45. “Premium Payment Term” means the period specified in the Policy Schedule during which the Instalment Premium is
payable.
46. “Proceeds of the Discontinued Policy” means the Fund Value as on the date the Policy was discontinued, after addition
of interest. The income earned in the Linked Discontinued Policy Fund (less a Fund Management Charge of 0.50% pa) will
be subject to minimum guaranteed interest rate (currently 4% pa).
47. “Proposal Form” means the form filled in and completed by You, for the purpose of obtaining insurance coverage under
this Policy.
48. “Reduced Paid-up Policy” means the Policy under which the due Instalment Premiums have been discontinued after the
completion of the Lock-In Period.
49. “Reduced Paid-up Sum Assured” means the amount equal to the Sum Assured multiplied by the total number of
Instalment Premiums received by Us divided by the original number of Instalment Premiums payable by You under this
Policy.
50. “Revival” means restoration of the policy, which was discontinued due to the non-payment of Instalment Premium, by
the Company with all the benefits mentioned in the Policy document, with or without Rider benefits if any, upon the
receipt of all the Instalment Premiums due and other charges or late fee if any, as per the terms and conditions of the
Policy, upon being satisfied as to the continued insurability of the Life Insured or Policyholder on the basis of the
information, documents and reports furnished by the Policyholder, in accordance with Our Board approved Underwriting
policy.
51. "Revival Period" means a period of 3 (Three) consecutive years from the due date of first unpaid Instalment Premium,
during which period You will be entitled to revive the Policy discontinued due to non-payment of Instalment Premium.
52. “Segregated Funds” means each of the separately identifiable segregated unit linked funds established and managed by
Us for unit linked business and as specified in Part of E of this Policy .
53. “Sum Assured” is the amount specified in the Policy Schedule that is used to calculate the Death Benefit that is
guaranteed to be paid on the death of the Life Insured subject to the terms and conditions of the Policy.
54. "Surrender" means complete withdrawal or termination of the Policy.
55. “Systematic Withdrawal Facility” means the automated partial withdrawal facility as mentioned in Part D.
56. “Total Premiums Paid” means total of all the Premiums received under the base product including top-ups premium
paid, if any.
57. “Unit” is a specific portion, or a part of the underlying Segregated Fund which represents Policyholder’s entitlement in
such Segregated Funds.
POLICY CONTRACT
58. “Unit Price” is the Net Asset Value (NAV) per Unit of the Fund.
59. “Vesting” means the transfer of Policy benefits to the Life Insured on becoming a Major in case the Policy is issued to a
Life Insured who is a Minor.
60. "Valuation Date" means every Business Day on which We value the assets to which each of the Segregated Funds is
referenced for the purpose of declaring the NAV.
61. “We” or ”Our” or “Company” means Aditya Birla Sun Life Insurance Company Limited.
ABSLI Wealth Smart Plus Ver 1/Jun/2024 POL/5/24-25/353 109L147V01
POLICY CONTRACT
PART C – POLICY FEATURES, BENEFITS AND PREMIUM PAYMENT
1. POLICY BENEFIT PROVISIONS

a. Death Benefit
In the event of death of the Life Insured during the Policy Term, provided that the Policy is in force, We shall pay
the highest of the following to the Claimant:
a) the Sum Assured (reduced by partial withdrawals made during the two years immediately preceding the date
of death of the Life Insured, if any)
b) Fund Value as on the date of intimation death of the Life Insured
c) 105% of the Total Annualized Premiums received by Us till the date of death of the Life Insured (reduced by all
partial withdrawals, if any made during the two years’ period immediately preceding the death of the Life
Insured, if any)
Any charges other than Fund Management Charges recovered, as specified under Part E of this Policy, subsequent
to the date of death of the Life Insured, shall be added back to the Fund Value as on the date of intimation of death.
Where, the Sum Assured is 10 times of the Annualized Premium for entry ages upto 50 years and 7 times of the
Annualized Premium for entry ages above 50 years.
In case the Policy is issued on a minor life, the Policy will vest after attainment of majority of the Life Insured.
If the Policy is in Discontinuance status-
Where the Company has transferred the Fund Value net of Discontinuance Charges to the Linked Discontinued
Policy Fund, the policy proceeds i.e, the value of Linked Discontinued Policy Fund will be immediately released and
paid upon the death of the Life Insured.
Note: Where the Life Insured and Proposer/Policyholder are different, on the death of the Proposer/Policyholder,
his/her legal heirs, in accordance with the extant succession laws, will be considered as new
Proposer/Policyholder. As there is no death benefit payable on the death of the proposer/policyholder, the Policy
status will not change, and the Policy shall continue.
b. Maturity Benefit
The Policy Schedule will specify whether the Smart Life Option or Whole Life Option is in force under the Policy as
chosen by the Policyholder at the inception of the Policy. On Maturity Date, if the Life Insured is alive and Policy is
in force or is a Reduced Paid-up Policy, under both the Plan Options, We shall pay Fund Value as on the Maturity
Date to You, unless You have opted for the Settlement Option. In case You have opted settlement option, provisions
under Clause 5 of Part D shall apply.
In case the Maturity Date is not on Business Day, then the NAV of next Business Day will be applicable.
2. Grace Period
If the Instalment Premium is not received by Us by the due dates specified in the Policy Schedule, You will be given a
Grace Period of 30 days to make the payment of due Instalment Premium(s), during which time all the benefits will
continue inclusive of the risk cover and deduction of charges under the Policy will continue to remain in force.
3. POLICY VALUE PROVISIONS
POLICY CONTRACT
a. Policy Premium
Your Policy Schedule specifies the Annualized Premium payable in a Policy Year, the Instalment Premium, Sum
Assured and its due dates, as applicable. Subject to the Policy Discontinuance and Revival provisions, We must
receive Instalment Premiums in full as and when due in order for this Policy to be valid and remain in force.
b. Premium Allocation
The Instalment Premiums are allocated net of applicable Charges to the Segregated Funds in force under the Policy,
Investment Option in force under the Policy, and the percentage of Instalment Premiums chosen by You at
inception in accordance with the Fund/s and ‘Allocation’ percentage (%) chosen by You and specified in the Policy
Schedule, at the Unit Price as applicable on the date of premium allocation. The minimum allocation to any Fund
shall be 5%, and in multiples of 1% thereafter, subject to the maximum of 100%. The total allocation across all
Funds must be 100%.
If the Policyholder chooses Smart Option or Life cycle Option, the Policyholder shall specify his/her risk profile
between Conservative or Moderate or Aggressive. The Annualized Premium will be allocated to two segregated
funds namely, Maximiser fund (equity fund) and Income Advantage fund (debt fund) as mentioned in Part E.
If the Policyholder chooses Systematic Transfer Option, Policyholder shall specify the percentage of Annualized
Premium that will be allocated to a particular Segregated Fund where a maximum of four segregated funds can be
chosen. The minimum allocation to any segregated fund shall be 5%, and in multiples of 1% thereafter, subject to
the maximum of 100%. The total allocation across all funds must be 100%.
c. Fund Value
The Fund Value is equal to the Units pertaining to Annualized Premiums allocated to the Segregated Fund(s) chosen
by You multiplied by the respective NAV of these Segregated Fund(s). As detailed in the Segregated Fund Provisions,
Units are allocated when an Instalment Premium (net of Premium Allocation Charge) is received or switches are
made and Units are redeemed when a Partial Withdrawal is made or when a Charge is due on a Monthly Processing
Date or otherwise.
POLICY CONTRACT
PART D – POLICY TERMS AND CONDITIONS
1. Free-look Cancellation
You have a free look period of 30 days from the date of receipt of the Policy, to review the terms and conditions of the
Policy, in case You disagree with the terms & conditions of Your Policy, you have the option to return the original policy
document to us for cancellation. We will refund the premium paid post receipt of written notice of cancellation (along
with reasons thereof) together with the original Policy document from Your end. We may reduce the amount of the
refund by proportionate risk premium for the period of cover and expenses incurred by us on medical examination, if
any and stamp duty charges while issuing Your Policy in accordance with IRDAI (Protection of Policyholders’ Interests,
Operations and Allied Matters of Insurers) Regulations, 2024.
2. Policy Discontinuance, Surrender, Reduced Paid-up and Revival

Policy Discontinuance:
If We do not receive the due Instalment Premium by the end of the Grace Period, the following provisions shall apply:
Discontinuance during the Lock-in Period:

i. Upon expiry of the Grace Period, in case of Discontinuance of Policy due to non-payment of Instalment Premium
anytime during the Lock-in Period, the Fund Value after deducting the applicable Discontinuance/Surrender Charges
shall be credited to the Linked Discontinued Policy Fund and the risk cover, if any, shall cease immediately. On such
transfer of Fund Value net of discontinuance charge to the Linked Discontinuance Policy Fund, the policy proceeds
will be immediately released to the Nominee in case of earlier death of Life Insured.
ii. Such Discontinued Policy can be revived within the Revival Period. On the date of Discontinuance, We shall
communicate the status of the Policy within three months of the due date of first unpaid Instalment Premium, to the
Policyholder and provide the option to revive the Policy within the Revival Period.
iii. If You opt to revive but do not revive the Policy during the Revival Period, the Proceeds of the Linked Discontinued
Policy Fund shall be paid at the end of the Revival Period or Lock-in Period, whichever is later. In case of Revival Period
ending after Lock-in Period, the Policy Funds will remain in the Linked Discontinued Policy Fund till the end of Revival
Period. The Fund Management Charges will be applicable during this period and no other charges will be levied.
iv. In the event that the Policyholder does not exercise any option as set out above, the Policy shall continue without
any risk cover and rider cover, if any, and the Fund Value shall remain invested in the Linked Discontinued Policy
Fund. At the end of the Lock-in Period, the Proceeds of this Fund shall be paid to the Policyholder and the Policy shall
automatically terminate.
v. However, the Policyholder has an option to Surrender the Policy at any time and the proceeds of the Linked
Discontinued Policy Fund shall be payable at the end of Lock-in Period or date of Surrender, whichever is later.
vi. “Proceeds of the Linked Discontinued Policy Fund” means the Fund Value as on the date the policy was discontinued,
after addition of interest. The income earned in the Linked Discontinued Policy Fund net of Fund Management Charge
of 0.50% per annum will be subject to minimum guaranteed interest rate as prescribed by IRDAI. Currently, such
minimum guaranteed interest rate is 4% per annum
vii. Where the Policyholder opts to revive the Policy within the Revival Period, the Policy shall be Revived restoring the
risk cover, along with the investments made in the Funds as chosen by the Policyholder, out of the Linked
Discontinued Policy Fund, less the applicable charges in accordance with Part E of this Policy Contract.
viii. At the time of Revival, We shall:
i) Collect all due and unpaid Instalment Premiums without charging any interest or fee.
ii) Add back to the Fund Value, the Discontinuance/Surrender Charges deducted at the time of Discontinuance of
the Policy.
Discontinuance after the Lock-in Period:

a) Upon expiry of the Grace Period, in case of Discontinuance of Policy due to non-payment of premium after the Lock-
in Period, the Policy shall be converted into a Reduced Paid-up Policy with the Reduced Paid-up Sum Assured. All
POLICY CONTRACT
applicable charges per the terms and conditions of the Policy shall be deducted during the Revival Period. However,
the Mortality Charge shall be deducted based on the Reduced Paid-up Sum Assured only.
b) On the Date of Discontinuance, We shall communicate the status of the Policy, within three months of the due date
of first unpaid Instalment Premium to You and provide the following options:
i) To revive the Policy within the Revival Period, or
ii) To completely withdraw/Surrender the Policy.
c) In the event You opt to revive the Policy but do not do so during the Revival Period, the Fund Value shall be paid at
the end of the Revival Period.
d) In the event You do not exercise any option set out above, the Policy shall continue to be in Reduced Paid-up mode.
At the end of the Revival Period, the Fund Value shall be paid, and the Policy shall immediately terminate.
e) However, You will have an option to Surrender the Policy anytime and the Fund Value shall be paid upon receipt of
such request of Surrender.
f) Where You revive the Policy, the Policy shall be revived restoring the original risk cover in accordance with the terms
and conditions of the Policy.
g) At the time of Revival, We shall:
i. Collect all due and unpaid Instalment Premiums without charging any interest or fee.
ii. No other Charges shall be levied.
a. Surrender Benefit:
The policy can be surrendered anytime during the Policy Term. Any such surrender will be treated according to the
complete withdrawal as mentioned in Policy Discontinuance provision above.
b. Revival
a) The Revival request shall be initiated during the Revival Period. We will consider requests from You to revive a
Discontinued Policy, provided that such requests are received in writing and before the Maturity Date.
b) The Life Insured is required to furnish, at his / her own expense, satisfactory evidence of health and continuity of
insurability. We may call for additional information /documents to process the Revival request.
c) All due Installment Premiums till the date of Revival have been paid by You and received by Us.
d) We may revive or refuse to revive the Policy, based on the prevailing Board approved underwriting guidelines.
The Revival will take effect only on it being specifically communicated by Us to You.
On Revival, all the benefits under the Policy, which prevailed before the date on which the Policy was converted to
a Discontinued Policy, will be automatically reinstated.
3. Policy Loans
No loans are available under the Policy.
4. Options under the Policy

You may exercise the following options subject to the terms and conditions below, by giving Us a written notice:
i) Investment Option
You can choose the Investment Options available under the Policy on inception.
ii) Change in Investment Option

Upon completion of the first Policy Year, You may change Your Investment Option between Self-Managed Investment
Option, Smart Investment Option, Systematic Transfer Investment Option, Return Optimiser Investment Option and
LifeCycle Investment Option. Only one Investment Option can be selected at a time.
POLICY CONTRACT
Upon exercising the option to change the Investment Option, all Instalment Premiums will be allocated per the new
Investment Option from the date of such change confirmed in writing by Us. The existing Fund Value will be allocated
per the new Investment Option.
iii) Premium Redirection

This option is available only where Self-Managed/Systematic Investment Option is in force under the Policy.
For Self-Managed Option, you can give Us a written notice to exercise this option and specify the change in the
Premium allocation percentage of future Instalment Premiums amongst available 19 fund options.
For Systematic Transfer Option, you can give Us a written notice to exercise this option and specify the change in the
Premium allocation percentage of future Instalment Premiums amongst the available 4 fund options. Premium
Redirection is not available under Systematic Transfer Option when the funds are in Liquid Plus fund. The redirection
shall apply prospectively after the request has been accepted by Us in writing. You may exercise the premium
redirection facility up to a maximum of 12 times in a policy year without any charge.
iv) Fund Switching

This option is available only where Self-Managed/Systematic Transfer Investment Option is in force under the Policy.
You can give Us a written notice to switch Units from one Fund to another Fund(s) during the Policy Term. On Your
request, We will cancel Units of equal amount from the Fund from which You wish to switch out and purchase Units
in the Fund in which You have chosen to reinvest, provided that the minimum amount to be switched is at least
Rs.5,000. There is no limit on the number of switches that can be exercised in a Policy Year and switches are free of
charge. Switches shall not be allowed during the period of Discontinuance in first five years of the policy. Switches
may be allowed during the settlement period. Switches will be allowed for a Reduced Paid-up Policy post lock in
period. Switches is not available under Systematic Transfer Option when the funds are in Liquid Plus fund.
v) Risk Profile Switching

This option is available only where Smart Investment Option or LifeCycle Investment Option is in force under the
Policy.
You can give Us a written notice to switch the risk profile under the Smart Investment Option or LifeCycle Investment
Option, free of charge, at any time during the Policy Term.
The Fund will be automatically rebalanced after the switch under this option, in accordance with the applicable
percentages under the Smart Investment Option or LifeCycle Investment Option at that time. All Instalment
Premiums received prospectively from the date of switch will be invested in Maximiser and Income Advantage Funds
based on then outstanding Policy Term and the new risk profile.
vi) Partial Withdrawals

You may make a partial withdrawal by giving Us a written request. We will allow partial withdrawal, which will be
effected by cancelling Units, provided that:
i. Partial withdrawals are allowed only if the Life Insured is at least 18 years of age at the date of request.
ii. You shall not be allowed to make any partial withdrawal before completion of 5 Policy Years.
iii. The amount to be withdrawn is at least Rs. 5,000 (Rupees Five Thousand)
iv. Maximum amount of partial withdrawal is not more than 25% (Twenty Five percent) of the Fund Value as on
the date of the partial withdrawal and subject to the Fund Value immediately after the partial withdrawal being
at least equal to one Annualised Premium.
v. The total amount of partial withdrawals in a Policy Year shall not exceed 50% of the Fund Value as on the date
of partial withdrawal(s). The partial withdrawal limit is set so as to ensure that it does not result in termination
of the Policy.
vi. There is no charge for exercising partial withdrawal facility.
vii. You shall not be allowed to exercise this option during the period of Discontinuance and settlement period.
vii) Systematic Withdrawal Facility
POLICY CONTRACT
This option allows You to withdraw a pre-determined percentage of Your Fund Value as equal instalments anytime
during the Policy Term. This option shall commence only after completion of first five Policy Years and the
Policyholder has attained the age of eighteen (18) years or above.
In Your written request for this option, We require You to specify the following:
a) Systematic Withdrawal percentage (5% or 10% p.a. of the Fund Value at the end of the year)
b) The payouts frequency: The payouts may be availed in monthly, quarterly, half-yearly, or yearly basis. The payouts
shall be paid on the last working day as per the chosen payout frequency.
c) Policy Year from which You wish to avail the payouts under this option.
The conditions applicable for partial withdrawals will be applicable for Systematic Withdrawal Facility. You have the
flexibility to opt-in or out of the facility or change the withdrawal percentage of Fund Value anytime during the Policy
Term. You shall not be allowed to exercise this option during the period of Discontinuance and settlement period.
The Sum Assured will be reduced to the extent of the partial withdrawals made through this facility during the two-
year period immediately preceding the death of the Life Insured from the Fund Value.
5. Settlement Option
You may opt to exercise the settlement option by giving a written request to Us at least 15 (Fifteen) days before the
Maturity Date. On Our acceptance of Your request for the settlement option:
a) You will receive the value of Units, as per the prevailing NAV, in periodic instalments as may be chosen by You (i.e.
annually, semi-annually, quarterly or monthly) for a maximum period of 5 (Five) years from the Maturity Date. We
will pay the first instalment under the settlement option on the Maturity Date. Under the settlement option, the
Units payable towards each instalment will be equal to the number of Units available before payment of the
instalment divided by the number of remaining instalments.
b) During the period when the settlement option is in force:
i) Fund Management Charges shall continue to be levied.
ii) There shall be a risk cover equal to 105% of the Total Annualized Premiums paid and Mortality Charges will be
deducted basis the sum at risk.
iii) You shall continue to bear all investment risks.
iv) Units will be cancelled at the prevailing NAV to make periodic payments of the Fund Value.
v) Partial Withdrawal is not allowed; however, Fund switches are allowed.
vi) Sum at Risk (SAR) for the Policy will be calculated as: Max (105% of Total Annualized Premiums – Fund Value, 0)
In case of the death of the Life Insured during the settlement period, the Fund Value subject to a minimum of 105% of
Total Annualized Premiums paid, prevailing as on the date of intimation of death, will be paid. At any time, if You opt
out of the Settlement Option, the Company shall close the Unit Account on the date of receipt of such request and pay
the prevailing Fund Value.
6. Termination of Policy
Your Policy will terminate at the earliest of:
a) the date when there is complete withdrawal as per Policy Discontinuance Provision; or
b) the date the Fund Value becomes zero; or
c) the date of settlement of the Death Benefit; or
d) the date when the Surrender Benefit is paid, if any; or
e) the date when the Maturity Benefit is paid; or
f) the date of payment of freelook cancellation amount.
POLICY CONTRACT
PART E – POLICY CHARGES & INVESTMENT FUND PROVISIONS
POLICY CHARGES
1. Premium Allocation Charge:

There is no Premium Allocation Charge under this Policy.
2. Fund Management Charge: The Fund Management Charges are levied by an adjustment to the NAV on a daily basis.
The fund management charges, levied as a percentage of the value of assets, vary by the fund and are as follows:
a) 1.00% for Income Advantage, Assure, Liquid Plus, Protector, Builder
b) 1.25% for Enhancer, Creator, Capped Nifty Index and Asset Allocation
c) 1.35% for Magnifier, Maximiser, Super 20, Multiplier, Pure Equity, Value & Momentum and MNC, ESG Fund, Small
Cap Fund and Nifty Alpha 50 Index Fund
d) 0.5% for Linked Discontinued Policy Fund
ASBLI may change the fund management charge under any segregated fund at any time subject to a maximum of
1.35% p.a. in the future subject to IRDAI approval.
3. Policy Administration Charge

There is no Policy Administration Charge under this policy.
4. 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. This Charge is guaranteed for the entire Policy Term. The Charge depends on the gender of the Life Insured and
varies by Policy Year based on the then attained age of the Life Insured.
The mortality charge rates (per 1000 Sum at Risk) are given below:
Age Male Female Age Male Female Age Male Female Age Male Female
0 1.28 1.28 28 1.32 1.30 56 11.50 8.64 84 128.24 95.67
1 1.28 1.28 29 1.34 1.30 57 12.50 9.56 85 141.37 105.49
2 1.28 1.28 30 1.37 1.31 58 13.51 10.52 86 155.81 116.31
3 0.66 1.28 31 1.41 1.32 59 14.55 11.50 87 171.66 128.24
4 0.38 1.28 32 1.46 1.34 60 15.63 12.50 88 189.05 141.37
5 0.26 1.28 33 1.52 1.37 61 16.76 13.51 89 208.09 155.81
6 0.21 0.66 34 1.60 1.41 62 17.96 14.55 90 228.91 171.66
7 0.21 0.38 35 1.68 1.46 63 19.27 15.63 91 251.62 189.05
8 0.23 0.26 36 1.79 1.52 64 20.71 16.76 92 276.33 208.09
9 0.29 0.21 37 1.90 1.60 65 22.30 17.96 93 303.17 228.91
10 0.37 0.21 38 2.03 1.68 66 24.09 19.27 94 332.22 251.62
11 0.48 0.23 39 2.18 1.79 67 26.09 20.71 95 363.59 276.33
12 0.60 0.29 40 2.35 1.90 68 28.34 22.30 96 397.34 303.17
13 0.73 0.37 41 2.54 2.03 69 30.86 24.09 97 433.52 332.22
14 0.86 0.48 42 2.76 2.18 70 33.68 26.09 98 472.17 363.59
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15 0.98 0.60 43 3.00 2.35 71 36.84 28.34 99 513.28 397.34
16 1.08 0.73 44 3.28 2.54 72 40.36 30.86 100 556.83 433.52
17 1.16 0.86 45 3.61 2.76 73 44.29 33.68 101 602.74 472.17
18 1.22 0.98 46 3.99 3.00 74 48.66 36.84 102 650.93 513.28
19 1.27 1.08 47 4.44 3.28 75 53.51 40.36 103 701.27 556.83
20 1.29 1.16 48 4.95 3.61 76 58.89 44.29 104 753.59 602.74
21 1.31 1.22 49 5.54 3.99 77 64.84 48.66 105 807.72 650.93
22 1.31 1.27 50 6.21 4.44 78 71.43 53.51
23 1.31 1.29 51 6.96 4.95 79 78.72 58.89
24 1.31 1.31 52 7.77 5.54 80 86.78 64.84
25 1.30 1.31 53 8.64 6.21 81 95.67 71.43
26 1.30 1.31 54 9.56 6.96 82 105.49 78.72
27 1.31 1.31 55 10.52 7.77 83 116.31 86.78
The Mortality rates for Transgender is same as male lives.
5. Discontinuance Charge: The discontinuance charge is guaranteed to never increase and is levied against the Fund
Value upon discontinuance. The Discontinuance/Surrender charge is as follows:
Policy Year of Annualized Premium up to Rs. Annualized Premium above Rs.

Discontinuance 50,000/- 50,000/-
Lower of 20% of AP, 20% of FV, Rs Lower of 6% of AP, 6% of FV, Rs
1
3,000 6,000
2
2,000 5,000
3
1,500 4,000
4
1,000 2,000
5+ Nil Nil
AP: Annualized Premium payable in a year, FV: Fund Value
6. Switching Charge: Nil.
7. Miscellaneous Charge: Nil.
All charges are exclusive of GST.
SEGREGATED FUND PROVISION
1. Investment Option
You will have five Investment Options to choose from –
a. Smart Investment Option,
b. Systematic Transfer Investment Option,
c. Self-Managed Investment Option,
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d. Return Optimiser Investment Option,

e. LifeCycle Investment Option,
a. Smart Investment Option

We will allocate Your Annualized Premium (net of Premium Allocation Charge) in Maximiser (equity Fund) and Income
Advantage Funds (debt Fund) in a predetermined proportion based on Your selected risk profile and outstanding
term to maturity.
The percentage allocation to outstanding term and risk profile is as given below:
Outstanding Risk Profile and Exposure in % to Funds

term to Aggressive Moderate Conservative
Maturity Maximiser Income Maximiser Income Maximiser Income
Advantage Advantage Advantage
21 & above 90% 10% 70% 30% 50% 50%
16-20 80% 20% 60% 40% 40% 60%
8-15 65% 35% 50% 50% 30% 70%
4-7 50% 50% 25% 75% 15% 85%
0-3 20% 80% 10% 90% 5% 95%
On each subsequent policy anniversary, We will automatically rebalance the Fund Value between these Fund options
according to then applicable percentages. You will not have an option to redirect Instalment Premiums or effect unit
switches during the period this option is in force. You may opt out of this option anytime during the Policy Term, the
said opt out will be effective from the next policy anniversary. However, post opting out, You will be allowed to
exercise free Switches or Premium Redirection options.
You may request in writing to change Your risk profile at any time. Once received by us, Your change request will
apply to the Fund Value and all Instalment Premiums received by Us from that date onwards. The request for change
in risk profile is currently free of cost.
b. Systematic Transfer Investment Option

We will initially allocate Your Annualized Premium (net of Premium Allocation Charge) in Liquid Plus Fund and
immediately thereafter and on each subsequent monthly anniversary, will be switched to one or more Segregated
Funds chosen by You Policy Schedule shows the Transfer Date and the Transfer Fund(s). This option is only available
only if policyholder has opted for policies with annual Premium Payment Mode. On each monthly anniversary, the
Fund Value of [1/(13- policy month)] of the units available in Liquid Plus Fund will be switched to the Segregated
Fund, chosen by You at its then prevailing NAV by cancelling the units in Liquid Plus Fund. You may choose up to four
Segregated Funds out of Enhancer, Maximiser, Super 20, Capped Nifty Index, Multiplier, Value & Momentum,
Creator, Income Advantage, MNC, ESG Fund, Small Cap Fund, and Nifty Alpha 50 Index Fund. In case more than one
Fund is chosen, You may specify the proportion to be invested in each of the chosen Funds. Transfer Date & Transfer
Fund(s) once chosen at inception cannot be changed. You shall not be permitted to make partial withdrawals from
the Liquid Plus Fund during the period when this option is in force. You shall not be allowed to redirect Premiums
and effect switching of Units during the period when this option is in force from liquid plus fund. You can opt to
redirect future premiums under this option by giving a written request and specifying percentage allocation amongst
the available 4 fund options. You may opt out of or opt for the Systematic Transfer Investment Option anytime by
giving Us a prior written request and will cease to be effective from the subsequent policy anniversary. In case You
fail to pay the due Annualized Premium within the Grace Period, the Systematic Transfer Investment Option shall
cease to apply and the Annualized Premium received after the expiry of Grace Period shall be allocated to the Fund(s)
chosen by You in the specified proportion or any other Segregated Fund as chosen by You. Hence, You have the
option to choose the fund of your choice in case the Annualized premium is paid after the expiry of grace period. The
Systematic Transfer Investment Option shall be automatically applied for all future Annualized Premiums received
thereafter but within the Grace Period, unless advised otherwise.
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c. Self-Managed Investment Option

You may specify the allocation percentages of Your Annualized Premium amongst nineteen (19) Segregated Funds.
Accordingly, the Annualized Premium (net of Premium Allocation Charge) shall be allocated to the Segregated Funds
chosen by You. The premium allocation percentage to each Fund must be in increments of 1% ranging from 5% and
the total percentage across all Funds must be 100%. You have full freedom to switch from one Segregated Fund to
another. Policyholder will have full flexibility to redirect future Instalment Premiums by changing the premium
allocation percentages at any time. Policyholder will also have full flexibility to switch monies from one Segregated
Fund to another at any time provided the switched amount is for at least Rs. 5,000.
d. Return Optimiser Investment Option

We will initially allocate Your Annualized Premium (net of Premium Allocation Charge) in Maximiser Fund. Maximiser
Fund will be tracked every day for each policyholder for a pre-determined upside movement of 10% or more over
the net invested amount (net of all charges). In the situation where the gain from the Maximiser Fund reaches 10%
or more of the net invested amount, the amount equal to the appreciation will be transferred to the Income
Advantage Fund at the prevailing Unit Price. This ensures that the gains are protected from any future market
volatilities. In the situation where gain from the Maximiser Fund is less than the pre-determined upside movement
of 10%, the Fund Value will continue to remain in the Maximiser Fund and no transfers will be made to the Income
Advantage Fund.
e. LifeCycle Investment Option

We will allocate Your Annualized Premium (net of Premium Allocation Charge) in a predetermined proportion based
on Your risk profile and Your attained age. The proportion invested in Maximiser Fund (equity Fund) and Income
Advantage Fund (debt Fund) will be according to the schedule given below.
Risk Profile
Age Group
Aggressive Moderate Conservative
1 – 30 90% 70% 50%
31 – 40 80% 60% 50%
41 – 50 70% 50% 30%
51 – 60 55% 35% 15%
61 – 70 40% 20% 0%
71 + 25% 5% 0%
On each subsequent policy anniversary, We will automatically rebalance the Fund Value between these Fund options
according to then applicable percentages. Policyholder doesn’t have an option to redirect Instalment Premiums or
effect unit switches during the period this option is in force. The Policyholder may opt out of this option anytime
during the Policy Term, which will then be effective from the next policy anniversary. Also post opting out, You will
be allowed to exercise free Switches or Premium Redirection options.
2. Fund Valuation
We will determine the value of each Fund at the end of every Business Day.
The NAV means the price per unit of the Segregated Fund and is determined based on (the market value of investments
held by the Fund plus the value of any current assets less the value of any current liabilities & provisions) divided by the
number of Units existing at Valuation Date (before creation or redemption of any Units) This Unit Price will be published
on Our website https://lifeinsurance.adityabirlacapital.com/.
3. Fund Unit Allocation and Unit Redemption.

Units will be redeemed or created at their NAV on the date of redemption or creation of those Units.
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You are required to provide Us written instructions to invest or encash Units at Our address specified in the Schedule or
at any of Our branch offices:
a. at or before 3:00 p.m. on a Business Day will be processed at the closing NAV on that day; and
b. after 3:00 p.m. on a Business Day will be processed at the closing NAV on the next business day,
Instruction to invest is deemed accepted by Us when We receive cash, demand draft or local cheque at any of Our offices
by duly authorized officials, unless in either case the payment comprises outstation cheques or demand drafts, in which
case the payment will be processed at the closing NAV on the day of realization.
Instructions accepted by Us up to the following cut-off time are executed using the Unit Price We determine at the end
of that Business Day. Instructions accepted by Us after the cut-off time will be executed using the Unit Price determined
by Us at the end of the next Business Day.
Number of Units allocated in the Segregated Fund equals the monetary amount invested in the Segregated Fund divided
by its Unit Price. Units will be allocated:
a. When an Annualized Premium is received;
b. When the Policyholder decides to switch monies from one Segregated Fund to another;
Number of units redeemed from the Fund equals the monetary amount encashed from a Fund divided by its unit price.
Units are redeemed:
a. When a request for partial withdrawal is received;
b. When a request for switch is received.
Unless specifically instructed by the Policyholder, Units will be redeemed from all Segregated Funds in the Policy in
proportion to their value at that time.
On each monthly processing date, Charges will be covered by redeeming Units from all Funds from the Policy in
proportion to the value at that time.
Termination of the Policy will result in redemption of all Units in all Segregated Funds under the Policy at that time.
The above-mentioned cut-off timings are subject to change according to applicable regulations.
4. Segregated Funds
Current Segregated Fund/s under this Policy:
i. Liquid Plus
Objective: To provide superior risk-adjusted returns with low volatility at a high level of safety and liquidity through
investments in high quality short term fixed income instruments – up to one year maturity.
Strategy: Fund will invest in high quality short-term fixed income instruments – up to one year maturity. The
endeavour will be to optimize returns while providing liquidity and safety with very low risk profile.
ii. Income Advantage

Objective: To provide capital preservation and regular income, at a high level of safety over a medium term horizon
by investing in high quality debt instruments.
Strategy: To actively manage the Fund by building a portfolio of fixed income instruments with medium term
duration. The Fund will invest in government securities, high rated corporate bonds, high quality money market
instruments and other fixed income securities. The quality of the assets purchased would aim to minimize the credit
risk and liquidity risk of the portfolio. The Fund will maintain reasonable level of liquidity.
iii. Assure
Objective: To provide capital conservation, at a high level of safety and liquidity through judicious investments in
high quality short-term debt.
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Strategy: To generate better return with low level of risk through investment into fixed interest securities having
short-term maturity profile up to 5 years.
iv. Protector
Objective: To generate consistent returns through active management of a fixed income portfolio and focus on
creating a long-term equity portfolio, which will enhance the yield of the composite portfolio with minimum risk
appetite.
Strategy: To invest in fixed income securities with marginal exposure to equity up to 10% at low level of risk. This
Fund is suitable for those who want to preserve their capital and earn a steady return on investment through higher
exposure to debt securities.
v. Builder
Objective: To build capital and generate better returns at moderate level of risk, over a medium or long-term period
through a balance of investment in equity and debt.
Strategy: To generate better returns with moderate level of risk through active management of a fixed income
portfolio and focus on creating a long-term equity portfolio, which will enhance the yield of the composite portfolio
with low level of risk appetite.
vi. Enhancer
Objective: To grow capital through enhanced returns over a medium to long-term period through investments in
equity and debt instruments, thereby providing a good balance between risk and return. This Fund is suitable for
those who want to earn higher return on investment through balanced exposure to equity and debt securities.
Strategy: To earn capital appreciation by maintaining a diversified equity portfolio and seek to earn regular returns
on the fixed income portfolio by active management resulting in wealth creation for policyholders.
vii. Creator
Objective: To achieve optimum balance between growth and stability to provide long-term capital appreciation
with balanced level of risk by investing in fixed income securities and high quality equity security. This Fund option
is for those who are willing to take average to high level of risk to earn attractive returns over a long period of time.
Strategy: To invest into fixed income securities and maintaining diversified equity portfolio along with active Fund
management policyholder’s wealth in long run.
viii. Asset Allocation

Objective: To provide capital appreciation by investing in a suitable mix of cash, debt and equities. The investment
strategy will involve a flexible policy for allocating assets among equities, bonds and cash.
Strategy: To appropriately allocate money between equity, debt and money market instruments, to take advantage
of the movement of asset prices resulting from changing financial and economic conditions.
ix. Magnifier
Objective: To maximize wealth by managing diversified portfolio.
Strategy: To invest in high quality equity security to provide long-term capital appreciation with high level of risk.
This Fund option is suitable for those who want to have wealth maximization over long-term period with equity
market dynamics.
x. Maximiser
Objective: To provide long-term capital appreciation by actively managing a well-diversified equity portfolio of
fundamentally strong blue chip companies. Further, the Fund seeks to provide a cushion against the sudden
volatility in the equities through some investments in short-term money market instruments.
Strategy: To build and actively manage a well-diversified equity portfolio of value and growth driven stocks by
following a research focused investment approach. While appreciating the high risk associated with equities, the
POLICY CONTRACT
Fund would attempt to maximize the risk-return pay off for the long-term advantage of the policyholders. The Fund
will also explore the option of having exposure to quality mid cap stocks. The non-equity portion of the Fund will
be invested in good rated (P1/A1 & above) money market instruments and fixed deposits. The Fund will also
maintain reasonable level of liquidity.
xi. Multiplier
Objective: To provide long-term wealth maximization by actively managing a well-diversified equity portfolio,
predominantly comprising of companies whose market capitalization is close to Rs. 1000 crores and above.
Strategy: To build and actively manage a well-diversified equity portfolio of value & growth driven stocks by
following a research driven investment approach. The investments would be predominantly made in mid cap
stocks, with an option to invest 30% in large cap stocks as well. While appreciating the high risk associated with
equities, the Fund would attempt to maximize the risk-return pay-off for the long-term advantage of the
policyholders. The Fund will also maintain reasonable level of liquidity.
xii. Super 20
Objective: To generate long-term capital appreciation for policyholders by making investments in fundamentally
strong and liquid large cap companies.
Strategy: To build and actively manage an equity portfolio of 20 fundamentally strong large cap stocks in terms of
market capitalization by following an in-depth research-focused investment approach. The Fund will attempt to
adequately diversify across sectors. The Fund will invest in companies having financial strength, robust, efficient &
visionary management, enjoying competitive advantage along with good growth prospects & adequate market
liquidity. The Fund will adopt a disciplined yet flexible long-term approach towards investing with a focus on
generating long-term capital appreciation. The non-equity portion of the Fund will be invested in high rated money
market instruments and fixed deposits. The Fund will also maintain reasonable level of liquidity.
xiii. Pure Equity

Objective: To provide long-term wealth creation by actively managing portfolio through investment in selective
businesses. Fund will not invest in businesses that provide goods or services in gambling, lottery /contests, animal
produce, liquor, tobacco, entertainment like films or hotels, banks and financial institutions.
Strategy: To build and actively manage a well-diversified equity portfolio of value & growth driven fundamentally
strong companies by following a research-focused investment approach. Equity investments in companies will be
made in strict compliance with the objective of the Fund. The Fund will not invest in banks and financial institutions
and companies whose interest income exceeds 3% of total revenues. Investment in leveraged-firms is restrained
on the provision that heavily indebted companies ought to serve a considerable amount of their revenue in interest
payments.
xiv. Value & Momentum

Objective: To provide long-term wealth maximization by managing a well-diversified equity portfolio
predominantly comprising of deep value stocks with strong price and earnings momentum.
Strategy: To build & manage a well diversified equity portfolio of value and momentum driven stocks by following
a prudent mix of qualitative & quantitative investment factors. This strategy has outperformed the broader market
indices over long-term. The Fund would seek to identify companies, which have attractive business fundamentals,
competent management and prospects of robust future growth and are yet available at a discount to their intrinsic
value and display good momentum. The Fund will also maintain reasonable level of liquidity.
xv. Capped Nifty Index

Objective: To provide capital appreciation by investing in a portfolio of equity shares that form part of a Capped
NIFTY Index.
Strategy: To invest in all the equity shares that form part of the Capped Nifty in the same proportion as the Capped
Nifty. The Capped Nifty Index will have all 50 companies that form part of Nifty index and will be rebalanced on a
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quarterly basis. The index composition will change with every change in the price of Nifty constituents. Rebalancing
to meet the capping requirements will be done on a quarterly basis.
xvi. MNC
Objective: To provide capital appreciation by investing in equity and equity related instruments of multi-national
companies.
Strategy: The Fund will predominantly invest in companies where FII / FDI and MNC parent combined holding is
more than 50%. This theme has outperformed the broader market indices over long-term. The companies chosen
are likely to have above average growth, enjoy distinct competitive advantages, and have superior financial
strengths. The Fund will also invest in high quality money market instruments and maintain adequate liquidity.
xvii. ESG Fund

Objective: To focus on investing in select companies from the investment universe, which conduct business in
socially and environmentally responsible manner while maintaining governance standards.
Strategy: To invest in companies demonstrating sustainable practices across Environment, Social and Governance
theme. The ESG theme has outperformed the broader market indices over the long term. The companies chosen
are likely to have strong growth, enjoy distinct competitive advantages, and have sustainable business models and
financial strength. The fund will also invest in high quality money market instruments and maintain adequate
liquidity.
xviii. Small Cap Fund
Objective: To provide long-term wealth maximization by actively managing a well-diversified equity portfolio,
predominantly comprising of small cap companies (as per SEBI classification). Further, the fund would also seek to
provide a cushion against the sudden volatility in the equities through some investments in debt and money
market instruments.
Strategy: Active Fund Management with potentially 100% equity exposure. Research based investment approach
with a dedicated & experienced in-house research team. Identify undervalued stocks in the growth phase. Focus
on niche players with competitive advantage, in the sunrise industry & potential of being tomorrow’s mid cap.
Emphasize on early identification of stocks. 50-100% will be invested in small cap companies and 0-50% in mid cap
companies.
xix. Nifty Alpha 50 Index Fund
Objective: To provide capital appreciation by replicating the composition of the NIFTY Alpha 50 Index and to
generate returns that are commensurate with the performance of the NIFTY Alpha 50 Index, subject to tracking
errors. NIFTY Alpha 50 focuses on the performance of stocks with high alpha scores, which indicates their potential
for outperforming the market.
Strategy: To invest in all the equity shares that form part of the Nifty Alpha 50 Index in the same proportion as the
Index (customized as per IRDAI regulatory limits). NIFTY Alpha 50 index tracks the performance of 50 stocks with
the highest Alphas during the last one year. It is chosen from the top 300 companies by average free-float market
capitalization and average daily turnover during the last six months. The weights of securities in the index are
assigned based on the alpha values i.e. security with highest alpha in the index gets highest weight. The fund be
rebalanced on a quarterly basis, using data from the six months ending on the last trading day of February, May,
August, and November.
The Company will manage the investment mix of each Fund according to Schedule A given below.
POLICY CONTRACT
Schedule A
List of Fund/s available under this policy, the risk profile and limits in asset classes for each segregated fund is
mentioned below:
Segregated Existing/New Risk
Segregated fund Identification No. Asset Allocation * Min. Max.
fund Fund Profile
Debt Instruments
20% 100%
Existing Very Money Market & Cash
Liquid Plus ULIF02807/10/11BSLLIQPLUS109 0% 80%
Fund Low
Equities & Equity Related
0% 0%
Securities
Debt Instruments
60% 100%
Income Existing Very Money Market & Cash
ULIF01507/08/08BSLIINCADV109 0% 40%
Advantage Fund Low
0% 0%
Securities
Debt Instruments
20% 100%
Assure ULIF01008/07/05BSLIASSURE109 0% 80%
Fund Low
0% 0%
Securities
Debt Instruments
90% 100%
Existing Money Market & Cash
Protector ULIF00313/03/01BSLPROTECT109 Low 0% 40%
Fund
0% 10%
Securities
Debt Instruments
80% 90%
Builder ULIF00113/03/01BSLBUILDER109 Low 0% 40%
Fund
10% 20%
Securities
Debt Instruments
25% 80%
Enhancer ULIF00213/03/01BSLENHANCE109 Medium 0% 40%
Fund
20% 35%
Securities
Debt Instruments
50% 70%
Creator ULIF00704/02/04BSLCREATOR109 Medium 0% 40%
Fund
30% 50%
Securities
Debt Instruments
10% 50%
Magnifier ULIF00826/06/04BSLIIMAGNI109 High 0% 40%
Fund
50% 90%
Securities
Debt Instruments 0% 20%

Existing
Maximiser ULIF01101/06/07BSLIINMAXI109 High
Fund Money Market & Cash 0% 20%
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fund Fund Profile
Equities & Equity Related 80% 100%

Securities
Debt Instruments
0% 20%
Super 20 ULIF01723/06/09BSLSUPER20109 High 0% 20%
Fund
80% 100%
Securities

Capped Nifty Existing
ULIF03530/10/14BSLICNFIDX109 High Money Market & Cash 0% 10%
Index Fund
Equities 90% 100%

Asset Existing
ULIF03430/10/14BSLIASTALC109 High Money Market & Cash 0% 40%
Allocation Fund
Equities 10% 80%
Debt Instruments
0% 20%
Multiplier ULIF01217/10/07BSLIINMULTI109 High 0% 20%
Fund
80% 100%
Securities
Debt Instruments
0% 20%
Pure Equity ULIF02707/10/11BSLIPUREEQ109 High 0% 20%
Fund
80% 100%
Securities
Debt Instruments
0% 20%
Value & Existing Money Market & Cash
ULIF02907/10/11BSLIVALUEM109 High 0% 20%
Momentum Fund
80% 100%
Securities
Existing Money Market & Cash 0% 20%

MNC High
ULIF03722/06/18ABSLIMUMNC109 Fund
Securities
Existing Money Market & Cash 0% 20%

ESG Fund ULIF03810/11/23ABSLESGFND109 High
Fund
Securities
Small Cap Existing Money Market & Cash 0% 20%

ULIF03910/11/23ABSLSMALCP109 High
Fund Fund
Securities
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fund Fund Profile

Nifty Alpha
Money Market & Cash 0% 20%
50 Index ULIF04015/06/24ABSLIALPHA109 New Fund High
Fund Equities & Equity Related 80% 100%
Securities
Government Securities
60% 100%
Linked
Discontinued ULIF03205/07/13BSLILDIS109 0% 40%
Fund Low
Policy Fund Equities & Equity Related
0% 0%
Securities
* In each Segregated fund except Liquid Plus, the Short Term Debt Instruments (Money Market, Mutual Fund & Cash) asset
allocation will not exceed 40%.
Money Market Instruments are debt instruments of less than one year maturity. It includes collateralised borrowing & lending
obligation, certificate of deposits, commercial papers etc. Investment in Money Market Instrument supports for better liquidity
management.
5. Funds Additions and Closures

With the approval from the IRDAI We may from time to time add new Funds under Your Policy. All provisions in this
Policy will continue to apply unless specifically stated otherwise. We will inform You of such addition no later than 60
days after it is made available under Your Policy.
With the approval from the IRDAI We may at any time close a Fund available in Your Policy. We will inform You in writing
of such closure no later than 60 days before We actually close the Fund and You will be requested to select an alternative
Segregated Fund. If We do not receive any intimation from You, the Fund shall be transferred to a conservative Fund by
default. Income Advantage is currently Our conservative Segregated Fund.
POLICY CONTRACT
PART F – GENERAL TERMS AND CONDITIONS
1. Contract
Your contract includes this Policy Document, the proposal for the Policy and any endorsements agreed upon in writing
after the Policy is issued. The contract also includes declarations given by the Policyholder and written statements and
answers furnished as evidence of insurability. We are bound only by statements that are part of the contract. Only Our
authorized officers can agree to any change in the contract and the same shall become enforceable only when they are
given in writing by the authorized officers.
This contract does not provide for participation in the distribution of profits or surplus declared by us.
All the communication/ documents including the Contract document will be sent to Your registered address. It shall be
Your responsibility to confirm Your address, email ID, mobile no, bank account details (contact information) or update
any change in such contact information. In the event of non- receipt of the Contract You should contact Our Customer
Care Unit before expiry of the Free-Look Period.
We encourage You to open E- Insurance Account. For more details on E-Insurance Policy, please visit Our website or
contact Our Relationship Manager.
In case of purchase of Policy by electronic mode through online or E-app, the Application form and Sales Illustration shall
be validated through One-time password (OTP) sent on Your mobile number/e-mail ID and undertaking obtained in the
Client Declaration form if any or through any other means as may be notified by the Company from time to time.
2. Taxes
The income tax on Your Policy will be as per prevailing Income Tax laws in India and any amendment(s) made thereto
from time to time. As per the applicable laws and any amendments made thereto from time to time, We reserve the
right to:
 deduct or withhold tax as the case may be; and
 recover levies, taxes, cesses and duties including but not limited to Goods and Service Tax (GST) from You or adjust
the same from the amounts paid by You or accrued or payable to You under the Policy.
3. Claim Procedures
The Policyholder/Nominee should notify the claim with proof of claim at the nearest Aditya Birla Sun Life Insurance Co.
Ltd. Branch office or through our Customer Portal https://lifeinsurance.adityabirlacapital.com/customer-service/claim-
procedure/online-claim or to the ‘Claims Department’ at claimsnotification.lifeinsurance@adityabirlacapital.com and
the claim documents to be simultaneously sent at Aditya Birla Sun Life Insurance Company Limited, G- Corp Tech Park,
5th & 6th Floor, Kasar Vadavali, Near Hypercity Mall, Ghodbunder Road, Thane (West) – 400601.
The claim is required to be intimated to us within a period of 90 days from the date of death. However, we may condone
the delay in claim intimation, if any, and the delay is proved to be for reasons beyond the control of the claimant.
For processing a claim (be it on maturity or death) under this policy the following documents are required:
For Maturity Benefit:

• Original policy document
• Policy Payout Form
For Death Benefit:

Mandatory Claim Requirements:
• Original policy document

• Claimant’s statement
• Death Certificate issued by Municipal Corporation/Gram Panchayat (Self attested copy)
• KYC Document of beneficiary ( Self attested copy)
• Relationship of beneficiary with Life Insured
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• Bank details of the beneficiary
Additional Requirements: (Claims within 3 years from date of issue/Revival)

• Medical Attendant’s Certificate, if any
• Hospital or treatment records, if any (Self attested copy)
• Employer’s Certificate, if applicable
Additional Requirements for Accidental/Unnatural Death:

1) FIR & Final Police Closure Report
2) Post Mortem Report
3) Policy Inquest Report/Inquest Panchnama
4) News Paper Cutting (if any)
For processing Maturity claim under this Policy, Maturity proceeds shall be credited in Policyholder’s bank account as
per the bank details available in our records. In case of any change in the bank details You are requested to update the
bank details by submitting a request at the nearest Aditya Birla Sun Life Insurance Co. Ltd. branch office or through our
website https://lifeinsurance.adityabirlacapital.com/ or Customer Portal or any other mode as allowed by the company.
Any other relevant information/ document as may be required by ABSLI depending on the circumstances of the death
or illness needs to be provided.
Beneficiary can download the claim documents from our website https://lifeinsurance.adityabirlacapital.com/ or can
obtain the same from any of ABSLI branches. In case You are unable to provide any or all the above documents, in
exceptional circumstances such as a natural calamity, we may at our own discretion conduct an investigation/ verification
and accord a claim decision. For any further queries, You can call us at our toll free no. 1800 270 7000 or email us at
Aditya Birla Capital - Life Insurance claims.lifeinsurance@adityabirlacapital.com
Claimant/Beneficiary may intimate Us about Death claim via the following ways:
• Online intimation through ABSLI Website (https://lifeinsurance.adityabirlacapital.com/)
• Through e-mail on claims.lifeinsurance@adityabirlacapital.com
• Visit nearest ABSLI Branch Offices
4. Issuance of duplicate Policy

The Policyholder can make an application for duplicate Policy on payment of ₹ 250/- upon loss of Policy document along
with other requirements as may be prescribed by the Company.
5. Fraud and Misstatement

Fraud and misstatement would be dealt with in accordance with provisions of Section 45 of the Insurance Act, 1938, as
amended from time to time. For more details on Section 45 of the Insurance Act, 1938, as amended from time to time,
please refer to Annexure C.
6. Suicide Exclusion
In case of death of the Life Insured due to suicide within 12 months from the Policy Issue Date or from the date of Revival
of the Policy, as applicable, the Nominee or the beneficiary of the Policyholder shall be entitled to the Fund Value, as
available on the date of intimation of death.
Any charges other than Fund Management Charges recovered subsequent to the date of death shall be added back to
the Fund Value as available on the date of intimation of death.
7. Travel and Occupation

There are no restrictions on travel or occupation under this Policy.
8. Assignment
Assignment is allowed as per the provisions of Section 38 of the Insurance Act, 1938 as amended from time to time. For
more details on the nomination, please refer to Annexure A.
9. Nomination
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Nomination is allowed as per the provisions of Section 39 of the Insurance Act, 1938 as amended from time to time. For
more details on the nomination, please refer to Annexure B.
10. Currency and Place of Payment

All payments to or by Us will be in accordance with the prevailing Exchange Control regulations and other relevant laws
and regulations of India. Indian Rupee (INR) is the currency of this Policy. We will make or accept payments relating to
this Policy at any of Our offices in India or such other locations as determined by Us from time to time.
11. Electronic Transactions

You will comply with all the terms and conditions with respect to all transactions effected by or through facilities for
conducting remote transactions including the internet, world wide web, electronic data interchange, call centre, tele-
service operations or by other means of telecommunication established by Us or on Our behalf, for and in respect of the
Policy or services, which will constitute legally binding and valid transactions when executed in adherence to and in
compliance with the terms and conditions for such facilities.
12. Communication and Notices

All notices meant for Us should be in writing and delivered to Our address as mentioned in Part G or such other address
as We may notify from time to time.
13. Governing Law and Jurisdiction

The Policy shall be interpreted in accordance with and governed by the laws of India and only competent courts at the
place of issue of this Policy shall have jurisdiction to entertain legal action.
14. Force Majeure

We shall derive the NAV on each Business Day. However, We may do so less frequently in case of a Force Majeure Event,
where the value of the assets is too uncertain. In such circumstances, We may defer the valuation of assets for up to 30
days until we are certain that the valuation of Funds can be resumed. In which case, We shall inform IRDAI of such
deferment in the valuation.
During the continuance of the Force Majeure events, all requests for servicing the Policy including Policy related payment
shall be kept in abeyance. We shall continue to invest as per the Fund mandates submitted with IRDAI. However, We
reserve Our right to change the exposure of all or any part of the Funds to Money Market Instruments [as defined under
IRDAI (Investment) Regulations, 2016] in circumstances mentioned under above. The exposure of the Fund as per the
Fund mandates submitted with IRDAI, shall be reinstated within reasonable timelines once the Force Majeure Event
ends.
Some of the examples of the Force Majeure Event circumstances as mentioned are:
 when one or more stock exchanges which provide a basis for valuation of the assets of the fund are closed
otherwise than for ordinary holidays.
 when, as a result of political, economic, monetary or any circumstances which are not in Our control, the disposal
of the assets of the fund would be detrimental to the interests of the continuing policyholders.
 in the event of natural calamities, strikes, war, civil unrest, riots and bandhs.
 in the event of any force majeure or disaster that affects Our normal functioning.
In such an event, an intimation of Force Majeure Event shall be uploaded on Our website for information
POLICY CONTRACT
PART G – GRIEVANCE REDRESSAL MECHANISM AND OMBUDSMAN DETAILS
Grievance or Complaint
You may register Your grievance or complaint with any of Our nearest branches or with Our Grievance Officer at Customer
Care Unit, Aditya Birla Sun Life Insurance Company Ltd., at G- Corp Tech Park, 5th & 6th Floor, Kasar Vadavali, Near Hypercity
Mall, Ghodbunder Road, Thane (West) – 400601 or at Company’s registered address at One World Centre, Tower 1, 16th
Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai – 400013.
You may also lodge your grievance or compliant complaint with any of Our nearest branches or also call Our toll free no. 1-
800-270-7000 or on Whatsapp no. 8828800040 or email: care.lifeinsurance@adityabirlacapital.com and for NRI Customers
-absli.nrihelpdesk@adityabirlacapital.com
In case You are dissatisfied with the decision of the above office or have not received any response within 10 days, You may
contact Head Service Assurance at Customer Care Unit, / Aditya Birla Sun Life Insurance Company Ltd. / at G- Corp Tech
Park, 5th & 6th Floor, Kasar Vadavali, Near Hypercity Mall, Ghodbunder Road, Thane (West) – 400601 or at Company’s
registered address at One World Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone
Road, Mumbai – 400013. You may also call Our toll free no. 1-800-270-7000 on Whatsapp no. 8828800040 or email:
Grievance.lifeinsurance@adityabirlacapital.com
The complaint should be made in writing duly signed or through registered email by the complainant or by his/her legal
heirs with full details of the complaint and the contact information of complainant.
For senior citizens, We provide priority redressal of grievances and complaints. Please email Us at:
ABSLI.SeniorcitizenLifeinsurance@adityabirlacapital.com
If You are not satisfied with the response or do not receive a response from Us within 15 days, You may approach the
Grievance Cell of the Insurance Regulatory and Development Authority of India (IRDAI) on the following contact details:
Email ID: complaints@irda.gov.in

You can also register Your complaint online at
https://bimabharosa.irdai.gov.in
Address for communication for complaints by fax/paper:
By Phone : 155255 or 1800 4254 732
Policyholder's protection & Grievance Redressal Department – Grievance Redressal Cell Insurance Regulatory and
Development Authority of India,
4th Floor, Sy No. 115/1, Financial District,
Nanakramguda, Gachibowli, Hyderabad – 500032
Ph: (040) 20204000
Insurance Ombudsman
In case You are dissatisfied with the decision/resolution by Insurer or For redressal of Claims related grievances, claimants
can also approach Insurance Ombudsman located nearest to You. The details of the existing offices of the Insurance
Ombudsman are provided in Appendix-I below. You are requested to visit http://www.cioins.co.in/Ombudsman for updated
details.
The Ombudsman, as per Insurance Ombudsman Rules, 2017, can receive and consider complaints or disputes relating to
the matters such as:
a) Delay in settlement of claims, beyond the time specified in the regulations, framed under the Insurance Regulatory and
Development Authority of India Act,1999
b) Any partial or total repudiation of claims by the life insurer, General insurer or the health insurer;
c) Disputes over premium paid or payable in terms of insurance policy;
d) Misrepresentation of policy terms and conditions at any time in the policy document or policy contract;
e) Legal construction of insurance policies insofar as the dispute relates to claim;
POLICY CONTRACT
f) Policy servicing related grievances against insurers and their agents and intermediaries;
g) Issuance of life insurance policy, general insurance policy including health insurance policy which is not in conformity
with the proposal form submitted by the proposer;
h) Non-issuance of insurance policy after receipt of premium in life insurance and general insurance including health
insurance; and
i) Any other matter resulting from the violation of provisions of the Insurance Act, 1938, as amended from time to time,
or the regulations, circulars , guidelines or instructions issued by IRDAI from time to time or the terms and conditions of
the policy contract, in so far as they relate to issues mentioned at clauses (a) to (f).
As per provision 14(3) of the Insurance Ombudsman Rules 2017, the complaint to the Ombudsman can be made only if:
 the complainant has made a representation in writing or through electronic mail or online through website of the
insurer named in the complaint and
(i) either the insurer had rejected the complaint; or
(ii) the complainant had not received any reply within a period of one month after the insurer received his
representation; or
(iii) the complainant is not satisfied with the reply given to him by the insurer;
 The complaint is made within one year
(i) after the order of the insurer rejecting the representation is received; or
(ii) after receipt of decision of the insurer which is not to the satisfaction of the complainant;
(iii) after expiry of a period of one month from the date of sending the written representation to the insurer if the
insurer named fails to furnish reply to the complainant.
Risk Factors / Disclaimers

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (Company) and is a unit linked non-
participating individual life insurance savings plan issued in accordance with the IRDAI (Insurance Products) Regulations,
2024. All terms & conditions are guaranteed throughout the policy term. The Company reserves the right to recover levies
such as the GST levied by the authorities on insurance transactions. If there be any additional levies, they too will be
recovered from You. Tax benefits are subject to changes in the tax laws.
NOTWITHSTANDING ANYTHING CONTAINED IN THIS POLICY DOCUMENT, THE PROVISIONS HEREIN SHALL STAND
ALTERED, AMENDED, MODIFIED OR SUPERCEDED TO SUCH EXTENT AND IN SUCH MANNER AS MAY BE REQUIRED BY ANY
CHANGE IN THE APPLICABLE LAW (INCLUDING BUT NOT LIMITED TO ANY REGULATIONS MADE OR DIRECTIONS /
INSTRUCTIONS OR GUIDELINES ISSUED BY THE IRDAI) OR ANY OTHER COMPETENT AUTHORITY OR AS MAY BE NECESSARY
UNDER A JUDGEMENT OR ORDER /DIRECTION/ INSTRUCTION OF A COURT OF LAW.
POLICY CONTRACT
Appendix-I
*List of Ombudsman:
Office Details Jurisdiction of Office (Union Territory, District)
AHMEDABAD - Shri Collu Vikas Rao Gujarat,

Office of the Insurance Ombudsman, Dadra & Nagar Haveli,
Jeevan Prakash Building, 6th floor, Daman and Diu.
Tilak Marg, Relief Road,
Ahmedabad – 380 001.
Tel.: 079 - 25501201/02/05/06
Email: bimalokpal.ahmedabad@cioins.co.in
BENGALURU – Shri Vipin Anand Karnataka.

Office of the Insurance Ombudsman,
Jeevan Soudha Building,PID No. 57-27-N-19
Ground Floor, 19/19, 24th Main Road,
JP Nagar, Ist Phase,
Bengaluru – 560 078.
Tel.: 080 - 26652048 / 26652049
Email: bimalokpal.bengaluru@cioins.co.in
BHOPAL – Shri R M Singh Madhya Pradesh

Office of the Insurance Ombudsman, Chattisgarh.
Janak Vihar Complex, 2nd Floor,
6, Malviya Nagar, Opp. Airtel Office,
Near New Market,
Bhopal – 462 003.
Tel.: 0755 - 2769201 / 2769202
Fax: 0755 - 2769203
Email: bimalokpal.bhopal@cioins.co.in
BHUBANESHWAR - Shri Manoj Kumar Parida Orissa.

62, Forest park,
Bhubneshwar – 751 009.
Tel.: 0674 - 2596461 /2596455
Fax: 0674 - 2596429
Email: bimalokpal.bhubaneswar@cioins.co.in
CHANDIGARH - Shri Atul Jerath Punjab,

Office of the Insurance Ombudsman, Haryana(excluding Gurugram, Faridabad, Sonepat
S.C.O. No. 101, 102 & 103, 2nd Floor, and Bahadurgarh)
Batra Building, Sector 17 – D, Himachal Pradesh, Union Territories of Jammu &
Chandigarh – 160 017. Kashmir,
Tel.: 0172 - 2706196 / 2706468 Ladakh & Chandigarh.
POLICY CONTRACT
Fax: 0172 - 2708274

Email: bimalokpal.chandigarh@cioins.co.in
CHENNAI - Shri N Sankaran Office of the Tamil Nadu,

Insurance Ombudsman, Tamil Nadu
Fatima Akhtar Court, 4th Floor, 453, PuducherryTown and
Anna Salai, Teynampet, Karaikal (which are part of Puducherry).
CHENNAI – 600 018.
Tel.: 044 - 24333668 / 24335284
Fax: 044 - 24333664
Email: bimalokpal.chennai@cioins.co.in
DELHI - Ms. Sunita Sharma Delhi &

Office of the Insurance Ombudsman, Following Districts of Haryana - Gurugram,
2/2 A, Universal Insurance Building, Faridabad, Sonepat & Bahadurgarh.
Asaf Ali Road,
New Delhi – 110 002.
Tel.: 011 - 23232481/23213504
Email: bimalokpal.delhi@cioins.co.in
Assam,
GUWAHATI - Shri Somnath Ghosh Meghalaya,
Office of the Insurance Ombudsman, Manipur,
Jeevan Nivesh, 5th Floor, Mizoram,
Nr. Panbazar over bridge, S.S. Road, Arunachal Pradesh,
Guwahati – 781001(ASSAM). Nagaland and Tripura.
Tel.: 0361 - 2632204 / 2602205
Email: bimalokpal.guwahati@cioins.co.in
HYDERABAD - Shri N Sankaran Andhra Pradesh,

Office of the Insurance Ombudsman, Telangana,
6-2-46, 1st floor, "Moin Court", Yanam and
Lane Opp. Saleem Function Palace, part of Union Territory of Puducherry.
A. C. Guards, Lakdi-Ka-Pool,
Hyderabad - 500 004.
Tel.: 040 - 23312122
Fax: 040 - 23376599
Email: bimalokpal.hyderabad@cioins.co.in
JAIPUR – Shri Rajiv Dutt Sharma Rajasthan.

Jeevan Nidhi – II Bldg., Gr. Floor,
Bhawani Singh Marg,
Jaipur - 302 005.
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Tel.: 0141 - 2740363

Email: bimalokpal.jaipur@cioins.co.in
KOCHI- Shri Girish Radhakrishnan Kerala,

Lakshadweep,
10th Floor, Jeevan Prakash, LIC Building,
Mahe-a part of Union Territory of Puducherry.
Opp to Maharaja's College, M.G.Road,
Kochi - 682 011Tel.: 0484 - 2358759
Email: bimalokpal.ernakulam@cioins.co.in
KOLKATA - Ms Kiran Sahdev West Bengal,

Office of the Insurance Ombudsman, Sikkim,
Hindustan Bldg. Annexe, 4th Floor, Andaman & Nicobar Islands.
4, C.R. Avenue,
KOLKATA - 700 072.
Tel.: 033 - 22124339 / 22124340
Fax : 033 - 22124341
Email: bimalokpal.kolkata@cioins.co.in
Districts of Uttar Pradesh :

Lalitpur, Jhansi, Mahoba, Hamirpur, Banda,
LUCKNOW - Shri. Atul Sahai
Chitrakoot, Allahabad, Mirzapur, Sonbhabdra,
Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur,
6th Floor, Jeevan Bhawan, Phase-II,
Jalaun, Kanpur, Lucknow, Unnao, Sitapur,
Nawal Kishore Road, Hazratganj,
Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti,
Lucknow - 226 001.
Gonda, Faizabad, Amethi, Kaushambi, Balrampur,
Tel.: 0522 - 2231330 / 2231331
Basti, Ambedkarnagar, Sultanpur, Maharajgang,
Fax: 0522 - 2231310
Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur,
Email: bimalokpal.lucknow@cioins.co.in
Deoria, Mau, Ghazipur, Chandauli, Ballia,
Sidharathnagar.
MUMBAI –Ms. Susmita Mukherjee Goa,

Office of the Insurance Ombudsman, Mumbai Metropolitan Region
3rd Floor, Jeevan Seva Annexe, excluding Navi Mumbai & Thane.
S. V. Road, Santacruz (W),
Mumbai - 400 054.
Tel.:
69038821/23/24/25/26/27/28/28/29/30/31
Fax: 022 - 26106052
Email: bimalokpal.mumbai@cioins.co.in
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State of Uttaranchal and the following Districts of

NOIDA - Shri Bimbadhar Pradhan
Uttar Pradesh:
Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun,
Bhagwan Sahai Palace
Bulandshehar, Etah, Kanooj, Mainpuri, Mathura,
4th Floor, Main Road,
Meerut, Moradabad, Muzaffarnagar, Oraiyya,
Naya Bans, Sector 15,
Pilibhit, Etawah, Farrukhabad, Firozbad,
Distt: Gautam Buddh Nagar,
Gautambodhanagar, Ghaziabad, Hardoi,
U.P-201301.
Shahjahanpur, Hapur, Shamli, Rampur, Kashganj,
Tel.: 0120-2514252 / 2514253
Sambhal, Amroha, Hathras, Kanshiramnagar,
Email: bimalokpal.noida@cioins.co.in
Saharanpur.
PATNA - Ms Susmita Mukherjee Bihar,

Jharkhand.
2nd Floor, Lalit Bhawan,
Bailey Road,
Patna 800 001.
Tel.: 0612-2547068
Email: bimalokpal.patna@cioins.co.in
PUNE - Shri Sunil Jain Maharashtra,

Office of the Insurance Ombudsman, Area of Navi Mumbai and Thane
Jeevan Darshan Bldg., 3rd Floor, excluding Mumbai Metropolitan Region.
C.T.S. No.s. 195 to 198,
N.C. Kelkar Road, Narayan Peth,
Pune – 411 030.
Tel.: 020-41312555
Email: bimalokpal.pune@cioins.co.in
*For updated list of Ombudsman please refer to the website at http://www.cioins.co.in/Ombudsman
POLICY CONTRACT
Annexure A:
Section 38 - Assignment and Transfer of Insurance Policies
Section 38 - Assignment and Transfer of Insurance Policies
Assignment or transfer of a policy should be in accordance with Section 38 of the Insurance Act, 1938 as amended by the Insurance Laws
(Amendment) Act, 2015. The extant provisions in this regard are as follows:
1. This policy may be transferred/assigned, wholly or in part, with or without consideration.
2. An Assignment may be effected in a policy by an endorsement upon the policy itself or by a separate instrument under notice to the
Insurer.
3. The instrument of assignment should indicate the fact of transfer or assignment and the reasons for the assignment or transfer,
antecedents of the assignee and terms on which assignment is made.
4. The assignment must be signed by the transferor or assignor or duly authorized agent and attested by at least one witness.
5. The transfer of assignment shall not be operative as against an insurer until a notice in writing of the transfer or assignment and either
the said endorsement or instrument itself or copy there of certified to be correct by both transferor and transferee or their duly
authorised agents have been delivered to the insurer.
6. Fee to be paid for assignment or transfer can be specified by the Authority through Regulations.
7. On receipt of notice with fee, the insurer should Grant a written acknowledgement of receipt of notice. Such notice shall be conclusive
evidence against the insurer of duly receiving the notice.
8. If the insurer maintains one or more places of business, such notices shall be delivered only at the place where the policy is being
serviced.
9. The insurer may accept or decline to act upon any transfer or assignment or endorsement, if it has sufficient reasons to believe that
it is
a. not bonafide or
b. not in the interest of the policyholder or
c. not in public interest or
d. is for the purpose of trading of the insurance policy.
10. Before refusing to act upon endorsement, the Insurer should record the reasons in writing and communicate the same in writing to
Policyholder within 30 days from the date of policyholder giving a notice of transfer or assignment.
11. In case of refusal to act upon the endorsement by the Insurer, any person aggrieved by the refusal may prefer a claim to IRDAI within
30 days of receipt of the refusal letter from the Insurer.
12. The priority of claims of persons interested in an insurance policy would depend on the date on which the notices of assignment or
transfer is delivered to the insurer; where there are more than one instruments of transfer or assignment, the priority will depend on
dates of delivery of such notices. Any dispute in this regard as to priority should be referred to Authority.
13. Every assignment or transfer shall be deemed to be absolute assignment or transfer and the assignee or transferee shall be deemed
to be absolute assignee or transferee, except
a. where assignment or transfer is subject to terms and conditions of transfer or assignment OR
b. where the transfer or assignment is made upon condition that
i. the proceeds under the policy shall become payable to policyholder or Nominee(s) in the event of assignee or
transferee dying before the insured OR
ii. the insured surviving the term of the policy. Such conditional assignee will not be entitled to obtain a loan on policy
or Surrender the policy. This provision will prevail notwithstanding any law or custom having force of law which is
contrary to the above position.
14. In other cases, the insurer shall, subject to terms and conditions of assignment, recognize the transferee or assignee named in the
notice as the absolute transferee or assignee and such person
a. shall be subject to all liabilities and equities to which the transferor or assignor was subject to at the date of transfer or
assignment and
b. may institute any proceedings in relation to the policy
c. obtain loan under the policy or Surrender the policy without obtaining the consent of the transferor or assignor or making him
a party to the proceedings
15. Any rights and remedies of an assignee or transferee of a life insurance policy under an assignment or transfer effected before
commencement of the Insurance Laws (Amendment) Act, 2015 shall not be affected by this section.
[Disclaimer: This is not a comprehensive list of amendments of the Insurance Laws (Amendment) Act, 2015 and only a simplified version
prepared for general information. Policy Holders are advised to refer to Original Act Gazette Notification dated March 23, 2015 for
complete and accurate details. ]
POLICY CONTRACT
Annexure B:
Section 39 – Nomination by Policyholder
Nomination of a life insurance Policy is as below in accordance with Section 39 of the Insurance Act, 1938 as amended by the Insurance
Laws (Amendment) Act, 2015. The extant provisions in this regard are as follows:
1. The policyholder of a life insurance on his own life may nominate a person or persons to whom money secured by the policy shall be
paid in the event of his death.
2. Where the Nominee is a minor, the policyholder may appoint any person to receive the money secured by the policy in the event of
policyholder’s death during the minority of the Nominee. The manner of appointment to be laid down by the insurer.
3. Nomination can be made at any time before the maturity of the policy.
4. Nomination may be incorporated in the text of the policy itself or may be endorsed on the policy communicated to the insurer and
can be registered by the insurer in the records relating to the policy.
5. Nomination can be cancelled or changed at any time before policy matures, by an endorsement or a further endorsement or a will as
the case may be.
6. A notice in writing of Change or Cancellation of nomination must be delivered to the insurer for the insurer to be liable to such
Nominee. Otherwise, insurer will not be liable if a bonafide payment is made to the person named in the text of the policy or in the
registered records of the insurer.
7. Fee to be paid to the insurer for registering change or cancellation of a nomination can be specified by the Authority through
Regulations.
8. On receipt of notice with fee, the insurer should grant a written acknowledgement to the policyholder of having registered a
nomination or cancellation or change thereof.
9. A transfer or assignment made in accordance with Section 38 shall automatically cancel the nomination except in case of assignment
to the insurer or other transferee or assignee for purpose of loan or against security or its reassignment after repayment. In such case,
the nomination will not get cancelled to the extent of insurer’s or transferee’s or assignee’s interest in the policy. The nomination will
get revived on repayment of the loan.
10. The right of any creditor to be paid out of the proceeds of any policy of life insurance shall not be affected by the nomination.
11. In case of nomination by policyholder whose life is insured, if the Nominees die before the policyholder, the proceeds are payable to
policyholder or his heirs or legal representatives or holder of succession certificate.
12. In case Nominee(s) survive the person whose life is insured, the amount secured by the policy shall be paid to such survivor(s).
13. Where the policyholder whose life is insured nominates his
a. parents or
b. spouse or
c. children or
d. spouse and children
e. or any of them
the Nominees are beneficially entitled to the amount payable by the insurer to the policyholder unless it is proved that policyholder could
not have conferred such beneficial title on the Nominee having regard to the nature of his title.
14. If Nominee(s) die after the policyholder but before his share of the amount secured under the policy is paid, the share of the expired
Nominee(s) shall be payable to the heirs or legal representative of the Nominee or holder of succession certificate of such Nominee(s).
15. The provisions of sub-section 7 and 8 (13 and 14 above) shall apply to all life insurance policies maturing for payment after the
commencement of the Insurance Laws (Amendment) Act, 2015.
16. If policyholder dies after maturity but the proceeds and benefit of the policy has not been paid to him because of his death, his
Nominee(s) shall be entitled to the proceeds and benefit of the policy.
17. The provisions of Section 39 are not applicable to any life insurance policy to which Section 6 of Married Women’s Property Act, 1874
applies or has at any time applied except where before or after the Insurance Laws (Amendment) Act, 2015, a nomination is made in
favour of spouse or children or spouse and children whether or not on the face of the policy it is mentioned that it is made under
Section 39. Where nomination is intended to be made to spouse or children or spouse and children under Section 6 of MWP Act, it
should be specifically mentioned on the policy. In such a case only, the provisions of Section 39 will not apply.
complete and accurate details.
POLICY CONTRACT
Annexure C:
Section 45 – Policy shall not be called in question on the ground of mis-statement after three years
Provisions regarding policy not being called into question in terms of Section 45 of the Insurance Act, 1938, as amended by the Insurance
Laws (Amendment) Act, 2015 are as follows:
1. No Policy of Life Insurance shall be called in question on any ground whatsoever after expiry of 3 yrs from
a. the date of issuance of policy or
b. the date of commencement of risk or
c. the date of revival of policy or
d. the date of rider to the policy
whichever is later.
2. On the ground of fraud, a policy of Life Insurance may be called in question within 3 years from
a. the date of issuance of policy or
b. the date of commencement of risk or
c. the date of revival of policy or
d. the date of rider to the policy
whichever is later.
For this, the insurer should communicate in writing to the insured or legal representative or Nominee or assignees of insured, as applicable,
mentioning the ground and materials on which such decision is based.
3. Fraud means any of the following acts committed by insured or by his agent, with the intent to deceive the insurer or to induce the
insurer to issue a life insurance policy:
a. The suggestion, as a fact of that which is not true and which the insured does not believe to be true;
b. The active concealment of a fact by the insured having knowledge or belief of the fact;
c. Any other act fitted to deceive; and
d. Any such act or omission as the law specifically declares to be fraudulent.
4. Mere silence is not fraud unless, depending on circumstances of the case, it is the duty of the insured or his agent keeping silence to
speak or silence is in itself equivalent to speak.
5. No Insurer shall repudiate a life insurance Policy on the ground of Fraud, if the Insured / beneficiary can prove that the misstatement
was true to the best of his knowledge and there was no deliberate intention to suppress the fact or that such mis-statement of or
suppression of material fact are within the knowledge of the insurer. Onus of disproving is upon the policyholder, if alive, or
beneficiaries.
6. Life insurance Policy can be called in question within 3 years on the ground that any statement of or suppression of a fact material to
expectancy of life of the insured was incorrectly made in the proposal or other document basis which policy was issued or revived or
rider issued. For this, the insurer should communicate in writing to the insured or legal representative or Nominee or assignees of
insured, as applicable, mentioning the ground and materials on which decision to repudiate the policy of life insurance is based.
7. In case repudiation is on ground of mis-statement and not on fraud, the premium collected on policy till the date of repudiation shall
be paid to the insured or legal representative or Nominee or assignees of insured, within a period of 90 days from the date of
repudiation.
8. Fact shall not be considered material unless it has a direct bearing on the risk undertaken by the insurer. The onus is on insurer to
show that if the insurer had been aware of the said fact, no life insurance policy would have been issued to the insured.
9. The insurer can call for proof of age at any time if he is entitled to do so and no policy shall be deemed to be called in question merely
because the terms of the policy are adjusted on subsequent proof of age of Life Insured. So, this Section will not be applicable for
questioning age or adjustment based on proof of age submitted subsequently.
complete and accurate details.]

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Aditya Birla Sun Life Insurance

ABSLI Wealth Smart Plus

Please read this Policy document carefully.

IRDAI PRIOR APPROVAL

ABSLI Wealth Smart Plus Ver 1/Jun/2024 POL/5/24-25/353 109L147V01

1. POLICY BENEFIT PROVISIONS

If the Policy is in Discontinuance status-

3. POLICY VALUE PROVISIONS

PART D – POLICY TERMS AND CONDITIONS

2. Policy Discontinuance, Surrender, Reduced Paid-up and Revival

Discontinuance during the Lock-in Period:

Discontinuance after the Lock-in Period:

4. Options under the Policy

ii) Change in Investment Option

iii) Premium Redirection

iv) Fund Switching

v) Risk Profile Switching

vi) Partial Withdrawals

vii) Systematic Withdrawal Facility

PART E – POLICY CHARGES & INVESTMENT FUND PROVISIONS

1. Premium Allocation Charge:

3. Policy Administration Charge

0 1.28 1.28 28 1.32 1.30 56 11.50 8.64 84 128.24 95.67

1 1.28 1.28 29 1.34 1.30 57 12.50 9.56 85 141.37 105.49

2 1.28 1.28 30 1.37 1.31 58 13.51 10.52 86 155.81 116.31

3 0.66 1.28 31 1.41 1.32 59 14.55 11.50 87 171.66 128.24

4 0.38 1.28 32 1.46 1.34 60 15.63 12.50 88 189.05 141.37

5 0.26 1.28 33 1.52 1.37 61 16.76 13.51 89 208.09 155.81

6 0.21 0.66 34 1.60 1.41 62 17.96 14.55 90 228.91 171.66

7 0.21 0.38 35 1.68 1.46 63 19.27 15.63 91 251.62 189.05

8 0.23 0.26 36 1.79 1.52 64 20.71 16.76 92 276.33 208.09

9 0.29 0.21 37 1.90 1.60 65 22.30 17.96 93 303.17 228.91

10 0.37 0.21 38 2.03 1.68 66 24.09 19.27 94 332.22 251.62

11 0.48 0.23 39 2.18 1.79 67 26.09 20.71 95 363.59 276.33

12 0.60 0.29 40 2.35 1.90 68 28.34 22.30 96 397.34 303.17

13 0.73 0.37 41 2.54 2.03 69 30.86 24.09 97 433.52 332.22

14 0.86 0.48 42 2.76 2.18 70 33.68 26.09 98 472.17 363.59

16 1.08 0.73 44 3.28 2.54 72 40.36 30.86 100 556.83 433.52

17 1.16 0.86 45 3.61 2.76 73 44.29 33.68 101 602.74 472.17

18 1.22 0.98 46 3.99 3.00 74 48.66 36.84 102 650.93 513.28

19 1.27 1.08 47 4.44 3.28 75 53.51 40.36 103 701.27 556.83

20 1.29 1.16 48 4.95 3.61 76 58.89 44.29 104 753.59 602.74

21 1.31 1.22 49 5.54 3.99 77 64.84 48.66 105 807.72 650.93

22 1.31 1.27 50 6.21 4.44 78 71.43 53.51

23 1.31 1.29 51 6.96 4.95 79 78.72 58.89

24 1.31 1.31 52 7.77 5.54 80 86.78 64.84

25 1.30 1.31 53 8.64 6.21 81 95.67 71.43

26 1.30 1.31 54 9.56 6.96 82 105.49 78.72

27 1.31 1.31 55 10.52 7.77 83 116.31 86.78

The Mortality rates for Transgender is same as male lives.

Policy Year of Annualized Premium up to Rs. Annualized Premium above Rs.

6. Switching Charge: Nil.

7. Miscellaneous Charge: Nil.

All charges are exclusive of GST.

SEGREGATED FUND PROVISION

d. Return Optimiser Investment Option,

a. Smart Investment Option

Outstanding Risk Profile and Exposure in % to Funds

b. Systematic Transfer Investment Option