Birla Sun Life Wealth Max: 2014

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BSLI Wealth Max is single Premium Unit linked Plan. It provides guaranteed addition of 0.25% of the average fund value. Apart from this, it offers all features that a typical ULIP provides. Minimum single premium is very high and policy is suitable for only those who have big money to invest.

 
Sum Assured and Min. Premium:


Term
Min. Premium
Sum Assured
7
500000
1.25 times basic premium
10
1000000
5 times basic premium
15
1000000
10 times basic premium




Allocation charges
Fund mgt charges
Policy Admin Charges
3% on basic premium
1% to 1.25% pa
Rs. 20 PM for first five years
2% on top up premium
 
Rs. 25 PM in sixth year and inflate @ 5% PY


 
Death Benefit:
It will be greater of Basic fund value or Basic sum assured.


Maturity benefit:
It will be fund value at the maturity.


Surrender charges:
Policy can be surrender from 5th year without incurring any charges. Policy can also be surrender in the first five years but on paying penalty.


Fund Performance:


Policy provide multiple fund options and returns are close to double digit for majority of the funds.


Conclusion: Policy purely taken based on the performance of funds it offers. It does not provide anything special in terms of features. High entry premium is also one of the negative aspects.

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