IN THIS POLICY, INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will
not be able to withdraw/surrender the monies invested in Linked Insurance Products completely or partially till the
end of the fifth year from inception.

Provide Dual Security with Protection of a Term

Plan & Growth of a ULIP
Aditya Birla Sun Life Insurance Param Suraksha
A Unit-Linked Non-Participating Individual Life Insurance Savings Plan
 ABSLI PARAM SURAKSHA – AN OVERVIEW
Imagine the peace of mind knowing your family is safeguarded from life's uncertainties, and your
financial planning is aligned with your long-term goals. You could be in charge of your life, focused
on living your life to the fullest, enjoying freedom to pursue your passions and build the desired
lifestyle for yourself & your loved ones.

With ABSLI Param Suraksha, secure your family's future while watching your money grow! This
unit-linked non-participating individual life insurance savings plan offers the dual advantage of a
robust term plan cover that protects your loved ones and the growth opportunities of a ULIP.
Whether you're planning for your child's education, your dream retirement, or any significant life
milestone, our comprehensive financial solution is designed to support and empower you every
step of the way. Trust us to be your partner in building a secure and prosperous future for your
family.

KEY FEATURES OF ABSLI PARAM SURAKSHA

ABSLI Param Suraksha is a unit-linked non-participating individual life insurance savings plan
that offers the following benefits:

Choice of Life insurance cover as high as 30X basis the Age and PT
chosen at policy inception

Return of 2X Premium Allocation Charges from end of 10th year to

13th year to boost your Fund Value

R
R R
Return of 2X Mortality Charges from 11th policy year till the end of
policy term

Systematic Withdrawal Facility to enable regular withdrawals from

your Fund Value during the policy term to cater to your recurring
L

monetary needs

Choice of 5 investment strategies and 19 funds to suit your varied

investment needs

TAX Tax Benefits may be applicable on Premiums paid and Benefits

received as per prevailing tax laws
ABSLI PARAM SURAKSHA AT A GLANCE

Product Specifications

A Unit-Linked Non-Participating Individual Life Insurance Savings

Type of Plan Plan

Coverage All Individuals (Male I Female I Transgender)

Minimum Entry
Age (age as on 18 years
last birthday)

Maximum Entry
Age (age as on 50 years
last birthday)

Maximum Maturity
Age (age as on 75 years
last birthday)

Minimum Premium R1,00,000

Maximum Premium No Limit (subject to Board Approved Underwriting Policy)

Minimum Sum R7,00,000

Assured

Maximum Sum No Limit (subject to Board Approved Underwriting Policy)

Assured

Premium Payment 6 | 8 | 10 | 12 Years

Term (PPT)

Policy Term (PT) 15 | 20 | 25 | 26 | 27 | 28 | 29 | 30 Years

Premium Payment Annual

Mode
 YOUR CHOICES AT INCEPTION
Step 1: Choose your Annualized Premium that you wish to invest.
Step 2: Choose your Premium Payment Term & the Policy Term.
Step 3: Choose your Sum Assured Multiple based on your Age & Policy Term.
Step 4: Choose your Investment Strategy and Fund Allocation.

KEY BENEFITS OFFERED UNDER THE PLAN

Benefits Details

If the policy is in-force:

In case of Death of the Life Insured anytime during the Policy Term,
while the policy is in-force, we will pay to the nominee/legal heir higher
of:
a. Fund Value as on date of intimation of death of the Life
Insured; or
b. Sum Assured (reduced by partial withdrawals made during the
two years immediately preceding the date of death of the Life
Insured, if any)
c. 105% of the of the Total Annualized Premiums received up to
the date of death less any partial withdrawals made from the
Fund Value, during two-year period immediately preceding the
death of the life insured.

Death Benefit Fund Value is equal to the number of units pertaining to Annualized
Premiums allocated to the Fund(s) chosen by you multiplied by the
respective NAV of the Fund(s).
Further any charges other than Fund Management Charges (FMC)
recovered subsequent to the date of death shall be added back to the
Fund Value as available on the date of intimation of death.
If policy is in discontinuance status:
In situations, as per the policy discontinuance provision, where the
company has transferred the Fund Value net of discontinuance
charges to the Linked Discontinued Policy Fund, the policy proceeds will
be immediately released and paid upon the death of the Life Insured.

When the policy matures upon Life Insured surviving up to the end of
the Policy Term, the Policyholder will receive the Fund Value as a
lumpsum, unless the policyholder has opted for settlement option.
Maturity Provided that the policy is in-force, i.e. all due premiums have been
Benefit received, the allocation charge and the Mortality Charge collected,
excluding GST, over the Policy Term are returned to the Policyholder If
a policy becomes reduced paid-up, then it will not be eligible for future
return of charges.

▪ Return of 2X Premium Allocation Charge:

2 times the total Premium Allocation Charges (excluding GST)
collected, shall be added back in the form of allocation of extra
units in the fund. The addition will happen at the end of each of
the years between 10 to 13 years.
To elaborate, 2 times of the premium allocation charges deducted
in policy year 1 will be added back to the fund at the end of in
policy year 10, similarly 2 times of the premium allocation charge
collected in policy year 2 will be added back to the fund at the end
of policy year 11 and so on until the end of policy year 13.

Return of ▪ Return of 2X Mortality Charges:

Charges The product offers a return of 2 times the mortality charges
starting from policy year 11. The addition is in the form of extra
units in the fund.

At the end of each month starting from policy year 11, a multiple of
the mortality charge (excluding underwriting extra premium and
GST), deducted in the month which is 120 months prior shall be
added to the fund. For instance, 2 times of the mortality charge
deducted in the first policy month shall be added back in the 121st
month, 2 times of the mortality charge deducted in the second
policy month shall be added back in the 122nd month and so on until
the end of the policy term.

For added protection, you can enhance your risk coverage during the
Policy Term by adding following riders at a nominal extra cost.

• ABSLI Accidental Death Benefit Rider Plus (UIN: 109A024V01)

In the unfortunate event of death of the Life Insured due to an
Accident within 180 days of occurrence of the accident, we will pay
100% of the rider sum assured to the nominee. Also, we will refund the
premiums collected after the date of Accident till date of death, with
interest as declared by us from time to time, along with death benefit
payable.

• ABSLI Waiver of Premium Rider (UIN: 109A039V01)

In case of the following conditions:
• Policyholder becomes completely disabled due to an illness or
accident
• Policyholder is diagnosed with any of the specified critical
illnesses
We will fund all the future due premiums and all the other benefits will
remain unaffected. This benefit is applicable only once during the
entire premium payment term.

• ABSLI Comprehensive Critical Illness Rider (UIN: 109A041V01)

In the unfortunate event that the life insured is diagnosed to be
suffering from critical illnesses as mentioned in the Rider brochure, as
Rider Benefits per the variant, rider Sum Assured is paid in lumpsum as per the
conditions mentioned in the rider brochure. This rider offers 3 variants:
Silver Variant covers 10 CIs, Gold Variant covers 25 CIs and Platinum
Variant covers 64 CIs .
Cover under any selected rider is limited to the Policy Term, provided
this is within the cover limits specified for the riders.
All the riders would provide cover independent to each other and in
case any incidence of covered event qualifies for the benefit under
more than one rider, the Policyholder will be entitled for the rider
benefits under each of those riders.
The Premium Payment Term and Policy Term of the riders are
consistent with Premium Payment Term and Policy Term or
outstanding Premium Payment Term and outstanding Policy Term of
the base Unit Linked insurance product.
- In no case, the rider premium relatable to health related or
critical illness rider shall exceed 100% of premium under the
Base product. All other riders put together shall be subject to
ceiling of 30% of premium of Base product.
- Any benefit arising under these riders shall not exceed the Sum
Assured under the Base product at policy inception.

For further details regarding the above-mentioned riders, please refer

to respective rider brochure(s) available on our website.
 YOUR INVESTMENT STRATEGIES
Under ABSLI Param Suraksha, you can choose to invest your premiums in one of the five
investment strategies.
1. Systematic Transfer Investment Option is an option for individuals who would like to
eliminate the need to time one’s investments in the market.
2. Return Optimiser Investment Option is an option for individuals who would like to have
optimal participation in the capital markets while safeguarding their returns from any
market related volatilities.
3. Self-Managed Investment Option is an option for individuals who would like to have
complete control over their investment.
4. Smart Investment Option is an option for individuals who would like to take care of
ever-changing financial needs as per their increasing age.
5. Life Cycle Investment Option is an option for individuals who would like to create an ideal
balance between equity and debt, based on their age.

1) Systematic Transfer Investment Option:

The Systematic Transfer Investment Option safeguards your wealth against the market
volatilities and is available only if you have opted for a policy taken with annual mode as their
Premium Payment mode. Your Annualized Premium (net of premium allocation charge) shall
be first allocated to Liquid Plus fund and immediately thereafter and on each subsequent
monthly anniversary, will be switched to one or more fund(s) of your choice. On each monthly
anniversary, Fund Value of [1/(13- policy month)] of the units available in Liquid Plus fund will
be switched to the fund, chosen by You, at its then prevailing NAV by cancelling the units in
Liquid Plus fund.
You may choose up to a maximum of four Funds out of Income Advantage, Enhancer,
Maximiser, Super 20, Capped Nifty Index, Multiplier, Value & Momentum, Creator, MNC, ESG
Fund, Small Cap Fund & Nifty Alpha 50 Index Fund for your premiums to be transferred to. We
record your allocation instructions as per the premium allocation percentages specified in
the application form. Our only requirement is that the percentage allocated to chosen
fund(s) be in increments of 1%, ranging from 5% to 100%. The total allocation across all funds
must be 100%.
This option helps mitigate any risk arising from volatility and averages out the risks
associated with the equity market, reducing the overall risk to your portfolio.
During the period when Systematic Transfer Investment option is in-force, Partial
Withdrawal shall not be allowed from Liquid Plus fund. The Policyholder can opt to redirect
future premiums under Systematic Transfer Option by giving a written request and
specifying percentage allocation amongst available 4 fund options. If the Policyholder has
selected Systematic Transfer Option then, the Policyholder can opt to switch from one or
more segregated funds to another segregated fund(s) available under Systematic Transfer
Option, provided the switched amount is at least Rs. 5,000. You will not have an option to
redirect premiums or exercise switches during the period this option is applicable from liquid
plus fund. You may opt out of or opt for the Systematic Transfer Investment option by giving
a written request to the Company. Once accepted, the request shall be effective on or from
the policy anniversary following the receipt of such request. 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 fund
as chosen by You. Hence, You have an 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.

2) Return Optimiser Investment Option:

The Return Optimiser Investment Option enables
you to take advantage of the equity market,
protect your gains from the future market
volatility and create a more stable sequencing of 5,80,000 67,945 67,945
investment returns.
Under this option all your Annualized Premium
(net of premium allocation charges) are invested
in Maximiser fund and it 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 your gains are protected from any future market volatilities. In the situation where the
gain 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.
The Return Optimiser Investment Option can be explained with the help of an example:
For Age 30, Male, Annualized Premium – R2,00,000, Premium Payment Term – 6 Years, Policy
Term – 20 years, SA Multiple – 30, at the end of the third policy year,

Total Annualized Premiums Paid

R6,00,000
(invested in Maximiser Fund)
Less charges deducted from Maximiser Fund
(Premium Allocation Charge, Policy Administration Charge,
Mortality Charge, Fund Management Charge and applicable Goods R87,945
and Service Tax {GST})

Net invested amount in the Maximiser Fund R5,12,055

Suppose the Fund Value is now R5,80,000 which is higher than 5,63,260 (i.e. 110% of the net
invested amount of 5,12,055) then R67,945 (i.e. 5,80,000 – 5,12,055) will be transferred to
Income Advantage Fund.

If the Fund Value is less than R5,63,260 then there will be no transfer to Income Advantage
Fund.

3) Self-Managed Investment Option:

Self- Managed Investment Option gives you access to our well-established suite of 19 funds,
complete control in how to invest your premiums and full freedom to switch from one fund
to another.
Our 19 funds range from 100% debt to 100% equity to suit your specific needs and risk
appetite – Liquid Plus, Income Advantage, Assure, Protector, Builder, Enhancer, Creator,
Magnifier, Maximiser, Multiplier, Super 20, Pure Equity, Value & Momentum, Capped Nifty
Index, Asset Allocation, MNC, ESG Fund, Small Cap Fund & Nifty Alpha 50 Index Fund.
Accordingly, the Annualized Premium (net of premium allocation charge) shall be allocated to
the fund(s) chosen by You. If you wish to diversify your risk, you can choose to allocate your
premium in varying proportions amongst the 18 funds. We record your allocation
instructions as per the premium allocation percentages specified in the application form.
Our only requirement is that the percentage allocated to any fund be in increments of 1%,
ranging from 5% to 100%. The total allocation across all funds must be 100%.
To meet your ever-changing investment needs, you have full flexibility to redirect future
premiums by changing your premium allocation percentages at any time. You also have full
flexibility to switch monies from one fund to another at any time provided the switched
amount is for at least R5,000.

4) Smart Investment Option:

Under the Smart Investment Option, your portfolio will be structured as per your maturity
date and risk profile (Conservative, Moderate, Aggressive). We will invest your Annualized
Premium (net of premium allocation charge) between the two funds – Maximiser (equity
fund) and Income Advantage (debt fund) in a predetermined proportion based on the
selected maturity date and risk profile (Conservative, Moderate, Aggressive). Over time the
allocation is managed such that it will automatically switch from riskier assets to safer
assets progressively as your plan approaches maturity.
The proportion invested in Maximiser (equity fund) and Income Advantage (debt fund) will
be according to the schedule given below:

Risk Profile and Exposure in % to funds

Outstanding
term to Aggressive Moderate Conservative
Maturity Income Income Income
Maximiser Advantage Maximiser Advantage Maximiser 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%

You can change your risk profile at any time with no additional cost. All premiums paid from
that point onwards will be invested in the Maximiser and Income Advantage according to
your new risk profile.
You will not have an option to redirect 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, which
will then be effective from the next policy anniversary. Post opting out, you will be allowed
to exercise free Switches or Premium Redirection options. We will automatically rebalance
your investment portfolio on each policy anniversary to ensure that it maintains the
predetermined proportion in Maximiser and Income Advantage as per the risk profile you
have selected.

5) Life Cycle Investment Option

Under the LifeCycle Option, your portfolio will be structured as per your age and risk profile
– all you need is to decide on your risk profile – Conservative, Moderate or Aggressive. We will
automatically shift your investments from riskier assets to safer assets progressively with
your age. We will invest your Annualized Premium (net of premium allocation charge)
between the two funds, Maximiser (Equity Fund) and Income Advantage (Debt Fund) in a
predetermined proportion based on the selected risk profile and your age when the
premium is invested.
The percentage allocation to Maximiser according to age and risk profile is as 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 year, we will automatically rebalance the Fund Value between
these fund options according to then applicable percentages.
You do not have an option to redirect 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, 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.
 FUNDS

Liquid Plus (ULIF02807/10/11BSLLIQPLUS109)

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.

Income Advantage (ULIF01507/08/08BSLIINCADV109)

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.

Assure (ULIF01008/07/05BSLIASSURE109)
Objective: To provide capital conservation, at a high level of safety and liquidity through judicious
investments in high quality short-term debt.
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.

Protector (ULIF00313/03/01BSLPROTECT109)
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.

Builder (ULIF00113/03/01BSLBUILDER109)
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.

Enhancer (ULIF00213/03/01BSLENHANCE109)
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. It is suitable for individuals 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 policy owners.

Creator (ULIF00704/02/04BSLCREATOR109)
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 & maintaining diversified equity portfolio along
with active fund management of the Policyholder’s wealth in long run.

Asset Allocation (ULIF03430/10/14BSLIASTALC109)

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.

Magnifier (ULIF00826/06/04BSLIIMAGNI109)
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.

Maximiser (ULIF01101/06/07BSLIINMAXI109)
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 fund would attempt to maximize the risk-return pay off for the
long-term advantage of the Policyholder’s. 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
a reasonable level of liquidity.

Multiplier (ULIF01217/10/07BSLIINMULTI109)
Objective: To provide long-term wealth maximization by actively managing a well-diversified
equity portfolio, predominantly comprising of companies whose market capitalisation is close to
R1000 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 Policyholder’s. The fund will also maintain
reasonable level of liquidity.
Pure Equity (ULIF02707/10/11BSLIPUREEQ109)
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.

Value & Momentum (ULIF02907/10/11BSLIVALUEM109)

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.

Super 20 (ULIF01723/06/09BSLSUPER20109)
Objective: To generate long-term capital appreciation for Policyholder’s 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.

Capped Nifty Index (ULIF03530/10/14BSLICNFIDX109)

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 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.

MNC (ULIF03722/06/18ABSLIMUMNC109)
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.

ESG Fund (ULIF03810/11/23ABSLESGFND109)

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
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.

Small Cap Fund (ULIF03910/11/23ABSLSMALCP109)

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 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.

Nifty Alpha 50 Index Fund (ULIF04015/06/24ABSLIALPHA109)

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.
Schedule A
There are 19 funds available and these are Income Advantage, Assure, Enhancer, Magnifier,
Maximiser, Super 20, Liquid Plus, Capped Nifty Index, Asset Allocation, Creator, Multiplier, Pure
Equity, Protector, Builder, Value & Momentum, MNC, ESG Fund, Small Cap Fund & Nifty Alpha 50
Index Fund and in case of Discontinuance of the policy within the lock in period the funds are
invested in Linked Discontinued Policy Fund.
The portfolio of different funds is given below:

Risk
Fund Fund Identification No. Asset Allocation* Min. Max.
Profile
Debt Instruments 20% 100%
Liquid Plus ULIF02807/10/11BSLLIQPLUS109 Very Low Money Market & Cash 0% 80%
Equities & Equity Related Securities 0% 0%
Debt Instruments 60% 100%
Income ULIF01507/08/08BSLIINCADV109 Very Low Money Market & Cash 0% 40%
Advantage Equities & Equity Related Securities 0% 0%
Debt Instruments 20% 100%
Assure ULIF01008/07/05BSLIASSURE109 Very Low Money Market & Cash 0% 80%
Equities & Equity Related Securities 0% 0%
Debt Instruments 90% 100%
Protector ULIF00313/03/01BSLPROTECT109 Low Money Market & Cash 0% 40%
Equities & Equity Related Securities 0% 10%
Debt Instruments 80% 90%
Builder ULIF00113/03/01BSLBUILDER109 Low Money Market & Cash 0% 40%
Equities & Equity Related Securities 10% 20%
Debt Instruments 25% 80%
Enhancer ULIF00213/03/01BSLENHANCE109 Medium Money Market & Cash 0% 40%
Equities & Equity Related Securities 20% 35%
Debt Instruments 50% 70%
Creator ULIF00704/02/04BSLCREATOR109 Medium Money Market & Cash 0% 40%
Equities & Equity Related Securities 30% 50%
Debt Instruments 10% 80%
Asset ULIF03430/10/14BSLIASTALC109 High Money Market & Cash 0% 40%
Allocation Equities 10% 80%
Debt Instruments 10% 50%
Magnifier ULIF00826/06/04BSLIIMAGNI109 High Money Market & Cash 0% 40%
Equities & Equity Related Securities 50% 90%
Debt Instruments 0% 20%
Maximiser ULIF01101/06/07BSLIINMAXI109 High Money Market & Cash 0% 20%
Equities & Equity Related Securities 80% 100%
Debt Instruments 0% 20%
Multiplier ULIF01217/10/07BSLIINMULTI109 High Money Market & Cash 0% 20%
Equities & Equity Related Securities 80% 100%
Debt Instruments 0% 20%
Super 20 ULIF01723/06/09BSLSUPER20109 High Money Market & Cash 0% 20%
Equities & Equity Related Securities 80% 100%
Debt Instruments 0% 20%
Pure Equity ULIF02707/10/11BSLIPUREEQ109 High Money Market & Cash 0% 20%
Equities & Equity Related Securities 80% 100%
Debt Instruments 0% 20%
Value & Money Market & Cash 0% 20%
Momentum ULIF02907/10/11BSLIVALUEM109 High
Equities & Equity Related Securities 80% 100%
Debt Instruments 0% 10%
Capped Money Market & Cash 0% 10%
Nifty Index ULIF03530/10/14BSLICNFIDX109 High
Equities 90% 100%
Debt Instruments 0% 20%
MNC ULIF03722/06/18ABSLIMUMNC109 High Money Market & Cash 0% 20%
Equities 80% 100%
Debt Instruments 0% 20%
ESG Fund ULIF03810/11/23ABSLESGFND109 High Money Market & Cash 0% 20%
Equities & Equity Related Securities 80% 100%
Debt Instruments 0% 20%
Small Cap Money Market & Cash 0% 20%
Fund ULIF03910/11/23ABSLSMALCP109 High
Equities & Equity Related Securities 80% 100%

Nifty Alpha Debt Instruments 0% 20%

50 Index ULIF04015/06/24ABSLIALPHA109 High Money Market & Cash 0% 20%
Fund Equities & Equity Related Securities 80% 100%

Linked Goverment Securities 60% 100%

Discontin- ULIF03205/07/13BSLILDIS109 Very Low Money Market & Cash 0% 40%
ued Policy Equities & Equity Related Securities 0% 0%
Fund

*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.
 TRACKING AND ACCESSING YOUR INVESTMENTS
You can monitor your investments
• On our website (https://lifeinsurance.adityabirlacapital.com);
• Through the semi-annual statement detailing the number of units you have in each fund and
their respective unit price as of the last policy anniversary; and
• Through the published unit prices of all funds on our website

HOW DOES THE PLAN WORK

Case Study
Scenario 1(a): Mr. Varma aged 35 years purchases ABSLI Param Suraksha with the details as given
below:
He chooses Premium as his starting input point.
Annualized Premium: R1,00,000 | Sum Assured: R30,00,000 | Sum Assured Multiple: 30X |
Premium Payment Term: 12 years | Policy Term: 30 years | Investment Option: Self-Managed
Option | Fund Chosen: Nifty Alpha 50 Index Fund | Premium Payment Mode: Annual
Mr. Varma survives the entire policy term. Return of charges will be added back to the fund value
in the form of additional units.

Annualized Premium: `1,00,000

Maturity Benefit
Total Premiums Paid: `12,00,000
At 8% = R51,72,634
At 4% = R18,34,424

................................... ................. ............................

Premium Payment Term

0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 ........................ 29 30

Policy Term

Return of 2X Premium 2X Premium Allocation Charge returned at the end of years 10 to 13 and
Allocation Charge added to the Fund Value

Return of 2X Mortality 2X Mortality charge returned from Year 11 till end of Policy Term and
Charge added to the Fund Value

Scenario 1(b):
In case of Mr. Varma’s unfortunate death in the 5th policy year, the death benefit will be calculated
as mentioned below:

Premium Payment Term

Annualized Premium: `1,00,000 Death Benefit is higher of:

Total Premiums Paid: `5,00,000
a. Fund Value = R5,38,854 (@8%)
and R4,79,099 (@4%)
Death Benefit is paid b. Sum Assured = R30,00,000

Death Benefit of R30,00,000 is paid

to the nominee/legal heir(s) and
policy is terminated.

0 1 2 3 4
X
5 6 7 8 9 10 11 12 13 14 15 ........................ 29 30

Policy Term

The Policy terminates on payment of Death Benefit.

OTHER FLEXIBILITIES

If you have selected Self-managed/Systematic Transfer Investment

Option then, you can switch from one fund to another fund, provided
the switched amount is at least R5,000. Switches are not available
under Systematic Transfer Option when the funds are in Liquid Plus
fund.

Fund Switching There is no limit on the number of switches that can be exercised in a
policy year and all switches are free of charge. Switches shall not be
allowed during the period of discontinuance in first five years of the
policy. Switches are allowed during the settlement period. Switches are
allowed in case the policy acquires reduced paid up status post lock in
period.

You can choose to allocate your Annualized Premium in either of the 5

investment options,
• Self-Managed Investment Option
• Smart Investment Option
Change in
• Systematic Transfer Investment Option
Investment
Option • Return Optimiser Investment Option
• Life Cycle Investment Option
You can change from one investment option to another investment
option after the first policy year and only one Investment Option can
be selected at a time.

Risk Profile Switching is applicable only under Smart Investment & Life
Cycle Investment Option where you can switch to a different risk
Risk Profile
profile, free of charge, at any time during the policy term. The fund is
Switching Under
automatically rebalanced after the Risk Profile Switch, according to the
Smart Investment
applicable percentages under the Smart Investment & Life Cycle
Option & Life Cycle
Investment option at that time. All Annualized Premiums paid from
Investment Option
that point onwards will be invested in Maximiser and Income
Advantage based on the new risk profile.

You can opt to redirect future premiums under the Self-Managed

option by giving a written request and specifying percentage allocation
amongst available 19 fund options.
You can opt to redirect future premiums under Systematic Transfer
Premium
Option by giving a written request and specifying percentage
Redirection
allocation amongst available 4 fund options. Premium Redirection is
not available under Systematic Transfer Option when the funds are in
Liquid Plus fund. A maximum of 12 Premium Redirections are allowed in
a policy year and all are free of charge.

On completion of first five policy years, You will have an option to

decrease the premium up to 50% of the original Annualized Premium,
subject to minimum premium limit, provided all due premiums have
been paid.
It is subject to following conditions:
a. It can be opted only once during the term of the contract, and
Reduction of
premium once reduced cannot be subsequently increased.
Premium
b. Sum Assured will be reduced by the same proportion as the
reduction in premium.
c. The rider attached to the policy (if any) shall lapse if the
Reduction of Premium option is chosen.
d. Charges & the benefits will be applicable as per the new reduced
Sum Assured and new reduced premium, wherever applicable.

With the prior approval from the IRDAI we may from time to time add
new funds under your policy. We will inform you of such addition no
later than 60 days after it is made available under your policy.
With the prior 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
Addition/Closure later than 60 days before we close the fund, and You will be requested
of Fund to select an alternative fund.
Unless we receive specific instructions from you by the time, we close
the fund, all units in the fund will be switched to the most conservative
fund then available in your policy. Income Advantage is currently our
conservative fund. However, we can declare from time to time another
fund as the most conservative in your policy.

The units are encashed based on the Net Asset Value per unit
applicable as per the current regulatory guidelines. The redemption of
Units shall be effected by cancelling the units from the particular ABSLI
Fund based on the specific written request by You.
In case of premiums or fund switch request received along with the
cash, demand draft or local cheque payable at par at any of the offices
of the company by duly authorized officials up to the cut off time of
3.00 PM, the unit price determined at the close of that business day
shall be applicable. For outstation cheques/ demand draft, the closing
NAV of the day on which cheque / demand draft is credited to any of
the company’s bank account shall be applicable.
In case of request for encashing units from a fund is received at any of
the offices of the company by duly authorized officials up to the cut off
time of 3.00 PM, the unit price determined at the close of that business
day shall be applicable.
For the premium investment, fund switch or encashment requests
received after the cut-off time, the unit price determined at the close
Unit Encashment of the next business day will be applicable.
Conditions Number of units allocated in the fund equals the monetary amount
invested in the fund divided by its unit price. Units will be allocated:
a. When Annualized Premium is received;
b. When a Policyholder decides to switch monies from one 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 You, units will be redeemed from all
funds in the policy in proportion to their value at that time.
On each monthly processing date, policy 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 funds under the policy at that time.
The above-mentioned cut-off timings are subject to change according
to applicable regulations.

You are allowed to make unlimited partial withdrawals from the Fund
Value at any time after five complete policy years provided the
attained age of Policyholder is 18 years or above.
The minimum amount of partial withdrawal is R5,000 and maximum of
25% of the Fund Value. You are required to maintain a minimum Fund
Partial Value of one Annualized Premium. The total amount of partial
Withdrawal withdrawal during a policy year shall not exceed 50% of the Fund Value
at the time of partial withdrawal(s). The partial withdrawal limit is set
to ensure that it does not result in termination of the policy.
There is no charge for exercising partial withdrawal facility. You shall
not be allowed to exercise this option during the period of Policy
discontinuance and the settlement period.

You may, at least fifteen (15) days prior to the maturity date opt for a
Settlement Option, in which case we will continue to manage the funds
for You and make periodic payments. The policy will continue after the
maturity date for a period not exceeding five (5) years from the
maturity date. If the settlement option is opted, you will have to
instruct the Company on settlement period (up to 5 years) and the
frequency (monthly, quarterly, semi-annual or annual) of payouts.
Under settlement option, the balance number of units in the fund at
the start of the settlement period will be divided in equal instalments
for payout over the settlement period. The first instalment under
Settlement Option is paid on the date of maturity.
During the settlement period, Fund Management Charges shall
Settlement continue to be levied. There shall be a risk cover equal to 105% of the
Option Total Annualized Premiums paid and Mortality Charges will be
deducted basis the Sum at Risk.
You shall continue to bear all investment risks. Units will be cancelled at
the prevailing NAV to make periodic payments of the Fund Value.
During the settlement period, Partial Withdrawal is not allowed,
however, Fund Switches is allowed.
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 death, will be paid. At any
time, You may opt out of the settlement option, We shall close the Unit
Account on the date of receipt of such request and pay the prevailing
Fund Value.
 SYSTEMATIC WITHDRAWAL FACILITY
Systematic Withdrawal Facility (SWF) is an automated partial withdrawal facility which can be
opted by you anytime during the policy term. Systematic Withdrawal will start from the policy
year chosen by you, until the end of the Policy Term. Systematic Withdrawals will start after your
policy has completed 5 policy years and provided the attained age of the Policyholder is 18 years
or above. These withdrawals will be in the form of a pre-decided percentage of the Fund Value
and will be paid till the end of the Policy Term. You will need to choose the following:
a. Systematic Withdrawal Percentage (5% or 10% of Fund Value at the end of the year) p.a.
b. Payout frequency (annual, semi-annual, quarterly or monthly). The payouts shall be paid
on the last working day as per the chosen payout frequency.
c. Policy year from which the Systematic Withdrawal Facility will be payable.
You will not be allowed to exercise this option during the period of discontinuance and the
settlement period. You may opt-in or out of the Systematic Withdrawal Facility anytime during
the Policy Term. You may change the Systematic Withdrawal Percentage anytime during the
Policy Term.
The Sum Assured will be reduced to the extent of the partial withdrawals made during the
two-year period immediately preceding the death of the Life Insured from the Fund Value.

YOUR POLICY CHARGES

Premium Allocation Charge
A Premium Allocation Charge is levied on the Annualized Premium received by Us and before it is
allocated in the funds. This charge is guaranteed for the entire policy term. The Premium
Allocation Charge(p.a.) is as follows:

Policy % of Annualized
Year premium received

1 12.00%

2 6.00%

3 4.00%

4 3.00%

5+ Nil

Fund Management Charge

Fund Management Charge (as a percentage of the Net Asset Value) is deducted by adjusting the
daily Net Asset Value of each Fund. It is as follows:
• 1.00% p.a. for Liquid Plus, Income Advantage, Assure, Protector and Builder
• 1.25% p.a. for Enhancer, Creator, Capped Nifty Index, Asset Allocation
• 1.35% p.a. for MNC, Magnifier, Maximiser, Multiplier, Super 20, Pure Equity, ESG Fund, Small Cap
Fund, Nifty Alpha 50 Index Fund and Value & Momentum
• 0.50% p.a. for Linked Discontinued Policy Fund
We may change the Fund Management Charge under any fund at any time subject to a maximum
of 1.35% p.a. in the future subject to IRDAI approval.

Policy Administration Charge

Policy Year % Annualized Premium charged per month

Year 1 to 4 Nil

Year 5 and subsequent years 0.32% per month of the annualized premium increasing
at 5% per annum on each policy anniversary

The policy administration charge will be subject to the cap of R500 per month. This charge is
guaranteed for the entire duration of the policy term.

Mortality Charge
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. The charge per 1000 of Sum at
Risk will depend on the gender and attained age of the Life Insured.

Following are sample Mortality Charges per 1000 of Sum at Risk

Attained Age Age 25 Age 35 Age 45 Age 55 Age 65

Male* 0.84 1.09 2.34 6.83 14.49
Female 0.85 0.94 1.79 5.05 11.67

*The Mortality charge for Transgender will be same as male lives.

Mortality charges are guaranteed throughout the policy term. Please visit our website or ask
your financial advisor for the rates applicable to you

Miscellaneous Charges
Nil

Goods and Service Tax (GST)

GST, as applicable, will be extra and levied as per the extant tax laws.
 POLICY TERMS & CONDITIONS

Policy Discontinuance
Anytime during the policy term, if you fail to pay your policy’s Annualized Premium on the due
date, you will be given a Grace Period of 30-days (15-days in case your Annualized Premium is paid
on a monthly basis) to pay the due premium, during which all the benefits will continue with the
deduction of charges.

If we do not receive the entire due instalment premium by the end of the grace period, the
following provisions shall apply:
(A) Discontinuance during the first five policy years
a. Upon expiry of the Grace Period, in case of discontinuance of policy due to non-payment
of instalment premium, the Fund Value after deducting the applicable discontinuance
/surrender charges as given below shall be credited to the Linked Discontinued Policy
Fund and the risk cover, if any, shall cease immediately.
b. Your policy shall be provided a revival period of three years from due date of first unpaid
premium. On the date of discontinuance, We shall communicate to you, the status of the
policy, within three months of the due date of first unpaid instalment premium, and
provide the option to revive the policy within the revival period of three years.
i. In case You have opted to revive but do not revive the policy during the revival period,
the proceeds in the Linked Discontinued Policy Fund shall be paid to you 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 fund 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.
ii. In case You do not exercise the option as set out above, your 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
in the Linked Discontinued Fund shall be paid to you and your policy will terminate.
iii. However, You will have an option to surrender the policy anytime and the proceeds in
the Linked Discontinued Policy Fund shall be payable at the end of lock-in period or
date of surrender whichever is later.
“Proceeds of the discontinued policies” 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% per annum) will be subject to minimum guaranteed
interest rate as prescribed by IRDAI. Currently, such minimum guaranteed interest rate is 4% per
annum.
In case You revive Your policy, Your risk cover will be restored, along with the investments made in
the funds as chosen by you, out of the Linked Discontinued Policy Fund, less the applicable
charges as given below in accordance with the terms and conditions of the policy.
ABSLI, at the time of revival:
i. Shall collect all due and unpaid premiums without charging any interest or fee.
ii. Shall levy Premium Allocation Charge as applicable during the discontinuance period. No
other charges shall be levied.
iii. Shall add back to the Fund Value, the discontinuance / surrender charges deducted at the
time of discontinuance of the policy.
In situations as per the Policy discontinuance provisions, where the company has transferred the
Fund Value net of discontinuance charges to the Linked Discontinued Policy Fund, the Fund Value
will be immediately released to the nominee in case of earlier death of Life Insured.
(B) Discontinuance after the first five policy years
a. Upon expiry of the Grace Period, in case of discontinuance of policy due to non-payment
of premium after the lock-in period, your policy shall be converted into a reduced paid up
policy with the Reduced paid-up Sum Assured i.e. original Sum Assured multiplied by the
total number of Annualized Premiums paid to the original number of Annualized
Premiums payable as per the terms and conditions of the policy. All charges as per terms
and conditions of the policy shall be deducted during the revival period. However, the
Mortality Charges shall be deducted based on the reduced paid up Sum Assured only.
b. On such discontinuance, We shall communicate to you, the status of the policy, within
three months of the first unpaid instalment premium, and provide the following options:
i. To revive the policy within the revival period of three years, or
ii. To completely withdraw/surrender the policy.
c. In case You opt to revive the policy but do not revive the policy during the revival period,
the Fund Value shall be payable at the end of the revival period.
d. In case You do not exercise any option as set out above, Your policy will continue to be in
Reduced paid up mode. At the end of the revival period the Fund Value shall be paid to you
and your policy will terminate immediately.
e. However, You will have an option to surrender the policy anytime and the Fund Value shall
be payable upon receipt of such request of surrender.
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.
ABSLI, at the time of revival:
i. Shall collect all due and unpaid instalment premiums under base plan without charging
any interest or fee.
ii. Shall levy premium allocation charge as applicable.
iii. Shall levy no other charges.
Revival of policy will be subject to following conditions:
i. You give the Company a written request to revive the policy; and
ii. You pay the Company all due and unpaid Annualized Premiums till date; and
iii. You give the Company evidence of insurability of the Life Insured as per the Board
approved underwriting policy.

The discontinuance charge is guaranteed to never increase and is levied against the Fund Value
upon discontinuance. The charge on discontinuance or surrender of the policy will be:

Policy Year of
Annualized Premium up to R50,000/- Annualized Premium above R50,000/-
Discontinuance
1 Lower of 20% of AP, 20% of FV, R3,000 Lower of 6% of AP, 6% of FV, R6,000
2 Lower of 15% of AP, 15% of FV, R2,000 Lower of 4% of AP, 4% of FV, R5,000
3 Lower of 10% of AP, 10% of FV, R1,500 Lower of 3% of AP, 3% of FV, R4,000
4 Lower of 5% of AP, 5% of FV, R1,000 Lower of 2% of AP, 2% of FV, R2,000
5+ Nil Nil

AP: Annualized Premium payable in a year; FV: Fund Value

Termination of Policy
The policy will be terminated at the earliest of:
• The date when there is complete withdrawal as per the Policy Discontinuance Provision; or
• The date when the Fund Value becomes zero; or
• The date of settlement of the Death Benefit; or
• The date when the Surrender Benefit is paid; or
• The date when the Maturity Benefit is paid; or
• The date of payment of free-look cancellation amount

Force Majeure
Force Majeure Event shall mean to include any acts of terrorism, fire, flood, earthquake, elements
of nature or acts of God, war, riots, civil disorders, biological or chemical contamination, epidemics,
pandemics, cyber-attack or technological breakdowns including but not limited to server failure,
systems failure, nuclear risks, any government regulations or order or directives, strikes, lock-outs
and labour disputes or any other events which are outside our reasonable control.

Upon occurrence of any such Force Majeure event, policy servicing and other administrative
activities may get impacted and to that extent the performance obligation or delivery of such
services shall be wholly or partially remain suspended during the continuance of such Force
Majeure conditions. We shall not be liable to pay any damages or compensation for any
non-performance due to force majeure event. The Company shall make reasonable effort to
resume the services as applicable under the Policy upon returning of the normalcy once the Force
Majeure Event ceases to exist.

Policy Loans
Policy loans are not allowed in this plan.

Tax Benefits
You may be entitled to certain applicable tax benefits on your premiums and rider benefits. Please
note that all the tax benefits are subject to tax laws prevailing at the time of payment of premium
or receipt of benefits by you. It is advisable to seek an independent tax advice.

Grace Period
If the Instalment Premium is not received by Us by the due dates, You will be given a Grace Period
of 30 days (15 days in case the premium paying mode is monthly) 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. If the instalment
Premium is not received by the end of the grace period, the policy will be treated as per provisions
in discontinuance Section.

Free-look Period
You will have the right to return Your Policy to Us within 30 days from the date of receipt of the
Policy, in case You disagree with the terms & conditions of Your Policy. 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.

Unit Price
At the end of every business day, we will determine the value of each fund.

The net asset value (NAV) 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, if
any) divided by (the number of units existing at valuation date before creation or redemption of
any units).

We publish the unit price of all funds on our website https://lifeinsurance.adityabirlacapital.com

Exclusions
Suicide Exclusion
In case of death due to suicide within 12 months from the date of commencement of the policy 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.

Further any charges other than Fund Management Charges (FMC) recovered subsequent to the
date of death shall be added back to the Fund Value as available on the date of intimation of
death.

Nomination
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 our website
https://lifeinsurance.adityabirlacapital.com

Assignment
Allowed as per the provisions of Section 38 of the Insurance Act, 1938 as amended from time to
time. For more details on the assignment, please refer to our website
https://lifeinsurance.adityabirlacapital.com

Prohibition of Rebates – Section 41 of the Insurance Act, 1938

No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person
to take or renew or continue an insurance in respect of any kind of risk relating to lives or property
in India, any rebate of the whole or part of the commission payable or any rebate of the premium
shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any
rebate, except such rebate as may be allowed in accordance with the published prospectuses or
tables of the insurer. Any person making default in complying with the provisions of this section
shall be punishable with a fine which may extend to ten lakh rupees.

Fraud and Mis-statement

As per the 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, please refer to our website
https://lifeinsurance.adityabirlacapital.com
Important Notes & Disclaimer:
- This is a unit-linked non-participating individual life insurance savings plan.
- This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI).
- Aditya Birla Sun Life Insurance and ABSLI Param Suraksha are only the names of the Company
and Policy respectively and do not in any way indicate their quality, future prospects or
returns.
- The name of the funds offered in this plan does not in any indicate their quality, future
prospects or returns.
- The value of the fund reflects the value of the underlying investments. These investments are
subject to market risks and change in fundamentals such as tax rates etc affecting the
investment portfolio. Please know the associated risks and the applicable charges, from your
Insurance agent or the Intermediary or policy document.
- The premium paid in unit linked life insurance policies are subject to investment risk
associated with capital markets and the unit price of the units may go up or down based on
the performance of fund and factors influencing the capital market and the policyholder is
responsible for his/her decisions.
- GST and any other applicable taxes levied as per extant tax laws shall be deducted from the
premium or from the allotted units as applicable.
- An extra premium may be charged as per our then existing underwriting guidelines for
substandard lives, smokers or people having hazardous occupations etc.
- This brochure contains only the salient features of the plan. For further details, please refer to
the policy contract.
- This product shall also be available for sales through online channel.
- In the Unit Linked Policy, the investment risk in the investment portfolio is borne by the
Policyholder.
- Tax benefits may be available as per prevailing tax laws. For more details and clarification call
your ABSLI Insurance Advisor or visit our website and see how we can help in making your
dreams come true.
- “We”, “Us”, “Our” or “the Company” or “ABSLI” means Aditya Birla Sun Life Insurance Company
Limited.
- “You” or “Your” means the Policyholder.
- Policyholder and Life Insured can be different under this product.

For other terms and conditions, request your Agent Advisor or intermediaries for giving a
detailed presentation of the product before concluding the sale. Should you need any further
information from us, please contact us on the below mentioned address and numbers.
 About Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited (“ABSLI”) is a part of Aditya Birla Capital Ltd
(“ABCL”). ABSLI was incorporated on August 4th, 2000 and commenced operations on January 17th,
2001. ABSLI is a 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial Inc., an
international financial services organization in Canada.

ABSLI offers a range of products across the customer’s life cycle, including children future plans,
wealth protection plans, retirement and pension solutions, health plans, traditional term plans
and Unit Linked Insurance Plans (“ULIPs”).

As of Mar 31st, 2024, total AUM of ABSLI stood at Rs.86,161 Crore (23% Increase YOY). ABSLI
recorded a gross premium income of Rs.17,260 Crore in FY24 and registering a y-o-y growth of
15% in Gross Premium with Individual Business FYP with Single Premium at 10% at Rs 3,074 Crore.
ABSLI has a nationwide distribution presence through 360+ branches, 11 bancassurance partners,
6 distribution channels, over 60000+ direct selling agents, other Corporate Agents and Brokers
through its website. The company has over 22,000 employees and 19.88 lakh active customers.

About Aditya Birla Capital Limited

Aditya Birla Capital Limited (“ABCL”) is the holding company for the financial services businesses
of the Aditya Birla Group. Through its subsidiaries/JVs, ABCL provides a comprehensive suite of
financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse
needs of customers across their lifecycle. Powered by about 47,000 employees, the businesses of
ABCL have a nationwide reach with over 1,474 branches and more than 200,000 agents/channel
partners along with several bank partners.

As of March 31, 2024, Aditya Birla Capital Limited manages aggregate assets under management
of Rs. 4.36 Lakh Crore with a consolidated lending book of Rs 1.24 Lakh Crore through its
subsidiaries/JVs.

Aditya Birla Capital Limited is a part of the US$65 billion global conglomerate Aditya Birla Group,
which is in the league of Fortune 500. Anchored by an extraordinary force of over 187,000
employees belonging to 100 nationalities, the Group is built on a strong foundation of
stakeholder value creation. With over seven decades of responsible business practices, the
Group’s businesses have grown into global powerhouses in a wide range of sectors - from metals
to cement, fashion to financial services and textiles to trading. Today, over 50% of the Group’s
revenues flow from overseas operations that span over 40 countries in North and South America,
Africa, Asia, and Europe.

For more information, visit www.adityabirlacapital.com.

Life Insurance coverage is available in this product.
Contact our advisor or visit our website https://lifeinsurance.adityabirlacapital.com
to know more about the various solutions. We provide a wide range of Life Insurance
solutions to cater to your specific protection needs.
As per section 10(10D) of the Income-tax Act, 1961, proceeds from life insurance policy
issued on or after 1 April 2023 shall be taxable as income from other sources if the
cumulative annual premium payable by taxpayer for life insurance policies exceeds ₹ 5 lacs.

“The Trade Logo “Aditya Birla Capital” Displayed Above Is Owned By ADITYA BIRLA
MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) And Used By ADITYA
BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the License.” Linked Life
insurance products are different from the traditional life insurance products and are
subject to the risk factors. The premium paid in ULIP are subject to investment risk
associated with equity markets. Aditya Birla Sun Life Insurance Company Limited is only
the name of the Company and ABSLI Param Suraksha is only name of the ULIP and does
not in any way indicate the quality of the contract, its future prospects or returns. Please
know the associated risks and applicable charges from your insurance agent or the
intermediary, or policy documents. Various funds offered under the contract are the
names of the funds and do not any way indicate the quaity of these plans, their future
prospects and returns. Past performance of the Unit Linked fund of the company is not
necessarily indicative of the future performance of any of these Unit linked fund(s).
Aditya Birla Sun Life Insurance Company Limited Registered Office: One World
Centre, Tower 1, 16 th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg,
Elphinstone Road, Mumbai - 400 013. Customer Helpline Numbers: 1-800-270-7000
Website: https://lifeinsurance.adityabirlacapital.com IRDAI Reg No.109 CIN: U99999MH2000PLC128110
UIN: 109L149V01 ADV/7/24-25/1037

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS / FRADULENT OFFERS

IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or
investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.