Investment Plans 352 views December 4, 2021

Aditya Birla Sun Life Dream Endowment Plan is a non-participating unit-linked life insurance plan that provides a wide range of investment options along with life cover. Under this Aditya Birla Sun Life Insurance Plan, you’ll get the following benefits –

  • Death and Maturity Benefit
  • Guaranteed Savings Amount
  • Guaranteed Additions
  • Partial Withdrawals
  • Additional Riders

Continue reading this page to learn about these and other benefits of the Aditya Birla Sun Life Dream Endowment Plan.

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Aditya Birla Sun Life Dream Endowment Plan Benefits

You and your nominee will get the following benefits during the policy term under this plan.

Maturity Benefit

Your policy matures on the Guaranteed Savings Date GSD). The following are your GSD options –

  • 10th
  • 15th
  • 20th
  • 25th
  • 30th

Guaranteed Savings Fund equals the Guaranteed Savings Amount on the policy anniversary. Upon survival, you will receive a higher of –

  • Fund Value
  • Guaranteed Savings Fund

at maturity.

Guaranteed Savings Fund accumulates at 3% per annum of all basic premiums and enhanced sum assured premiums paid till that date. It is paid after the deduction of policy charges made monthly and any partial withdrawals made from the fund value. And the Guaranteed Savings Amount is based on the entry age and gender of the life insured.

Surrender Benefit

In case of a financial emergency, you can surrender this policy, and the insurer allows you to do the same after the completion of five policy years. Upon surrender, you’ll receive the fund value at the prevailing rate.

Death Benefit

In the unfortunate event of your death before the maturity date, your nominee will get the Basic Sum Assured + Fund Value + Enhanced Sum Assured, if any. The death benefit shouldn’t be less than 105% of total paid premiums (excluding any applicable rider premium and underwriting extras) less partial withdrawals.

Guaranteed Additions

The insurance company shall add units to your policy on the 10th policy anniversary and every 5th policy anniversary thereafter. These additions are subject to 2.50% of the paid basic premiums in the last 60 months. On the 11th policy anniversary and every policy anniversary thereafter, the guaranteed addition is 0.25% of the average fund value as on the last 12 months.

Partial Withdrawals

The insurer allows you to do partial withdrawals after five complete policy years or upon attaining the age of 18 years, whichever is later. The minimum amount you can withdraw is INR 5,000. There is no maximum withdrawal limit, but you need to maintain a minimum fund value of INR 25,000.

Aditya Birla Sun Life Dream Endowment Plan Policy & Premium Payment Terms

You can choose any of the policy terms – 10, 15, 20, 25 and 30 years. And your premium payment term is based on your entry age –

  • 5 years for age up to 50 years
  • 10 years for age up to 55 years
  • 15 years for age up to 60 years
  • 20 years for age up to 65 years
  • Up to GSD for entry age up to 65 years

The minimum annualized premium is shown below based upon your chosen mode of premium payment –

  • Yearly – INR 12,000
  • Half-yearly – INR 15,000
  • Quarterly – INR 20,000
  • Monthly – INR 24,000

Riders That You Can Add to this Aditya Birla Life Insurance Plan

You can customize Aditya Birla Sun Life Dream Endowment Plan by adding the following riders to it:

  • BSLI Accidental Death and Disability Rider
  • BSLI Critical Illness Rider
  • BSLI Surgical Care Rider
  • BSLI Hospital Care Rider

Aditya Birla Sun Life Dream Endowment Plan Enhancer Fund

Aditya Birla Sun Life Enhancer Fund grows your money by investing the same in equity and debt instruments maintaining the balance between risk and return. To earn capital appreciation, the fund invests in a diversified equity portfolio. Plus, you’ll get regular returns on the fixed income portfolio. The risk profile of this fund is medium and the asset allocation will be as follows –

  • 0-40% in Money Market & Cash
  • 65-80% in Debt Instruments
  • 20-35% in Equities and Equity Related Securities

Note – Money Market Instruments are debt instruments of less than one-year maturity. These include mutual funds, collateralized borrowing, lending obligation, certificate of deposits, commercial papers, etc.

You can monitor your investments with your Common Portal Identification Number (CPIN) and Transaction Personal Identification Number (TPIN) by visiting the insurer’s official website. Or check the investments through the semi-annual statement with the detailed number of units of the investment fund and their unit price as on the last policy anniversary. You can also check your investments through the published unit price of the investment fund as on the Aditya Birla Sun Life website.

Eligibility Criteria for Aditya Birla Sun Life Dream Endowment Plan

You can purchase the Aditya Birla Sun Life Dream Endowment Plan if you meet the below age criteria –

  • Minimum Entry Age – 1 year
  • Maximum Entry Age – 65 years, provided your age is 18 years on the Guaranteed Savings Date.

Free Look Period

You will have a 15-day free look period to review the terms and conditions of the policy from the date of its receipt. And in case of any disagreement, you can return the policy stating the reason for it. Upon cancellation, you’ll get the fund value plus all charges levied till that date, excluding the fund management charge.

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