Mutual Fund Investment: Birla Sun Life Century SIP with added
benefit of a Free Life Insurance cover.
You Invest. Birla Sun Life MF Insure.
Birla Sun Life Century SIP with added benefit of a
Free Life Insurance cover.
Highlights
• Aim to achieve your goals with a Systematic Investment Plan.
• Cover up to 100x of your monthly payment.
(Highlights do not indicate
assurance of future scheme performance.)
Birla Sun Life MF work to lead a great lifestyle and set goals to
achieve: A big house, a luxury car, best education for our children, etc. To
achieve these goals, we need a clear plan that not only fulfils our goals, but
insures our future too.
Presenting Birla Sun Life Century SIP (CSIP), a Systematic
Investment Plan with added benefits of a Life insurance cover with 100 times of
your monthly SIP instalment (year 3 onwards). When you invest in an SIP, you
can make regular payment to a set of funds and schemes that will help you
realise your financial goals.
The best part of investing in CSIP is that the cost of the Life Insurance
will be entirely borne by Birla Sun Life Asset Management Company Limited.
The Group Life Insurance cover will be governed by the terms, conditions
& exclusions of the insurance policy with the relevant Insurance Company as
determined by the Birla Sun Life Asset Management Co. Ltd.
Small and disciplined investments could
ensure faster goal fulfilment.
Realising long term goals require a large sum of money. Having access to
such an amount at the time of need might not be possible always. Simple
planning or saving won’t help but what required is, disciplined and careful
investment planning that systematically realises your objective. Hence, we
are offering not just an SIP but a CSIP that helps you realise your
objective
in a timely and systematic manner.
• A systematic approach involving a small amount invested regularly without
incurring financial burden in the present
• Potential reasonable returns
• It is convenient as the payment can be made through NECS, Direct Debit, PDC
cheques or STP
• Potential to capitalise long term growth that the equity schemes have to
offer
Benefits of the Life Insurance - Added advantage of Century SIP:
Century SIP or CSIP not only offers a sound investment philosophy to
realise your goals, but it also secures yours and your family’s future with a Life insurance cover, that too at
Zero additional cost.
The entry age is between 18 years to 51 years.
Timeline
The Life insurance cover continues only till the age of
60 years (Beyond which your SIP could help you)
Extent of cover
Maximum cover would be Rs. 25 lakh across all schemes/plans/folios under CSIP facility
Cost of
insurance
Free insurance cover,
courtesy Birla Sun Life Asset Management
Company Ltd.
Eligibility
All resident individuals and NRIs from
eligible countries.
Medical formalities
It’s Hassle-free and Quick. No medical test for insurance.
Operational flexibility
• SIP through NECS, Direct Debit or PDC cheques and STP available
• CSIP folio can be used for lump sum and multiple schemes.
Also switches can be done in this folio
• All transactions can be in a single folio, no quarantine on folios
• Tracking of SIP/ Non SIP holdings in account statement.
Amount to be invested
Minimum amount – Rs. 1000, No Maximum amount limit.
Computation
The total insurance cover value depends on how much you invest into your
CSIP regularly.
And the best part is, the returns become incremental year-on-year. Here’s
how the computation works:
Assuming CSIP of
Rs. 25,000 per Month
If CSIP continues
1st year
10
times the monthly SIP
Instalment i.e. Rs. 2. 50 lakh
2nd year
50 times the monthly
SIP instalment i.e. Rs. 12.5 lakh
3rd Year onwards
100 times the monthly
SIP instalment i.e. Rs. 25 lakh
If CSIP
discontinues after 3yrs
Fund value of units
allocated at the start of each policy year
or 100 times SIP
instalment whichever is less.
Redemption
Entry Load – NIL,
Exit Load- 2% if redeemed or switched out within 1 year & 1% from 1 year to
3 year. Nil: If units allotted under Century SIP are redeemed/switched out
after 3 years from the date of allotment.
(No exit load if
redeemed or switched by nominee/joint holder in case of death of investor)
Cover
• Covers accidental
deaths for the first 45 days
• In the event of an
unfortunate happening, your nominee/beneficiary will receive the insured amount
along with the fund value.
Termination of
insurance
• Full/Partial
redemption or switches before the completion of the CSIP tenure.
• Two consecutive
payment defaults or four defaults over the tenure of CSIP.
Continuity
The cover continues
even if you stop Century SIP instalments after 3 years. The cover then will
depend on full/partial redemption or the switching prior to the completion of
the SIP tenure.
Birla
Sun Life Century SIP is a facility, in addition to the conventional SIP
facility, offered under designated schemes which give the benefit
of
Life Insurance cover to the eligible investors. Life Insurance cover is subject
to limits and other terms and conditions as specified for
availing
Century SIP, an optional, add-on, facility made available under designated
schemes of Birla Sun Life Mutual Fund.
This communication contains only few features of
Century SIP. For further details and terms and conditions, investors are
requested to refer to the Scheme Information Document of designated schemes or
visit our website before availing Birla Sun Life Century SIP.
Further,
the Group Life Insurance cover will be governed by the terms, conditions &
exclusions of the insurance policy with the relevant Insurance Company as
determined by the Birla Sun Life Asset Management Co. Ltd. (BSLAMC). BSLAMC
reserves the right to Modify / annul the said Group Insurance Cover on a
prospective basis. Insurance is a subject matter of solicitation.
Mutual Fund: Birla Sun Life Mutual
Fund.
Asset Management
Company/Investment Manager:
Birla Sun Life Asset
Management Company Ltd.
CIN:
U65991MH1994PLC080811.
Registered Office: One India Bulls Centre,
Tower - 1, 17th Floor, Jupiter Mill Compound, 841, S. B. Marg,
Elphinstone Road,
Mumbai - 400013.
Mutual Fund investments
are subject to market risks, read all scheme related documents carefully.
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