Description: Birla Sun Life Insurance Platinum Plus Plan is a unit linked, non-participating, insurance plan with which the Policyholders participate in the equity market and they will also enjoy a Guaranteed Maturity Unit Price of no less than,
. the starting unit price of 10; and
. the maximum unit price recorded on the 15th of each calendar month, till December 15, 2015.
In this Policy, the investment risk is borne by the policyholder, but not if this Policy is held till maturity. Not only do we guarantee that the unit price will not lose value but we also guarantee that any market gains recorded on a Reset Date (i.e. 15th of every month) will be locked-in to be encashed at maturity.

Benefits:
Maturity Benefit: On maturity, your fund value will be paid to you. In addition we will pay an amount equal to:
. the number of units under your policy at that time; times
. the excess, if any, of the Guaranteed Maturity Unit Price over the then prevailing unit price.
Death Benefit: In the unfortunate event of the death of the life insured prior to the maturity date of the Policy, we will pay to the nominee the greater of (a) the Fund Value or (b) the Sum Assured reduced for partial withdrawals as follows:
. Before the life insured attains the age of 60, the Sum Assured payable on death is reduced by partial withdrawals made in the preceding two years.
. Once the life insured attains the age of 60, the Sum Assured payable on death is reduced by all partial withdrawals made from age 58 onwards.
Current tax benefits: You will be eligible for tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.
. Under Section 80C, premiums up to Rs.100000 are allowed as a deduction from your taxable income each year.
. Under Section 10 (10D), the benefits you receive from this plan are exempt from tax.

Eligibility:
. Entry age of Life Insured: 18 to 70 years.
. Minimum Annual Premium: Rs.1,00,000.
. Minimum Sum Assured: 5 times of annual premium.
. Policy Term: 10 years.
. Premium Paying Term: 3 years.