We offer an opportunity to earn market-linked returns on the Gratuity Contribution. A healthy market linked return can help augment the asset base and can decrease your future contribution to the Gratuity fund.

The asset allocation flexibility between various Investment funds gives you the added advantage of efficient investment management. These multiple fund options and the facility to switch among them gives you a further opportunity to optimize your returns as per your outlook based on market trends.

We offer unique value added benefit of additional units up to 5% of the initial contribution.

To enable your employees to track the status of their investment and growth, an annual investment statement is sent to each employee

You can track your investment easily on www.birlasunlife.com using your unique customer ID and password, which will be provided to you.

For the organisation intending to set up a new fund, the contribution to provide for the past service liability can be made based on an actuarial valuation. This past service contribution to be paid in installments to establish the Gratuity fund.

Group Money Market Fund: For capital preservation

Group Protection Fund: For capital preservation and conservative returns

Group Floating Rate Fund: Conservative returns with low amount of capital risk in line with the market movement 

Group Gilt Fund: For safe and consistent returns by investing in Government Securities

Group Bond Fund:  Stable returns by investing in corporate bonds

Group Fixed interest Fund :  For safe and consistent returns

Group Secure Fund: For low risk and value creation

Group Stable Fund:  For moderate level of risk and value creation

Group Growth Fund: For enhanced returns over a period of time with a relatively high level of risk

Group Short Term Debt Fund: For capital preservation at a high level of safety & liquidity through judicious investments in high quality short-term debt instruments.

The investment pattern in each of the fund is within the framework of IRDA regulations. Birla Sun Life Insurance will manage the asset mix of the Fund according to the schedule given below:

The objective and strategy of the various funds is as given below:

Fixed Interest Fund
Objective: The Investment Fund Option with full exposure in debt market instrument, aims to achieve value creation at low risk over a long-term horizon by investing into high quality fixed interest securities.

Strategy: Active fund management at a medium level of risk by having entire exposure to government securities, corporate bonds maintaining medium to long-term duration of the portfolio to achieve capital conservation.

Bond Fund
Objective: The Investment Fund Option aims to achieve capital preservation along with stable returns by investing in corporate bonds over medium-term period.

Strategy: The fund follows a strategy to invest in high credit rated corporate bonds, maintaining a short-term duration of the portfolio at a medium level of risk to achieve capital conservation.

Gilt Fund
Objective: The Investment Fund Option aims to deliver safe and consistent returns over a long-term period by investing in Government Securities for capital preservation of the policyholder.

Strategy: The Investment Fund Option strategy is to invest in government securities, maintaining a medium to long-term duration of the portfolio to achieve capital conservation.

Secure Fund
Objective: This Investment Fund Option helps build your 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: Generate better return with moderate level of risk through active management of fixed income portfolio and focus on creating long term equity portfolio which will enhance yield of composite portfolio with low level of risk appetite.

Stable Fund
Objective: This Investment Fund Option helps you grow your 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. This fund is suitable for those who want to earn higher return on investment through balanced exposure to equity and debt securities.

Strategy: To earn capital appreciation by maintaining diversified equity portfolio and seek to earn regular return on fixed income portfolio by active management resulting in wealth creation for policyholders.

Growth Fund
Objective: The objective of the Investment Fund Option is 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 Investment 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: The strategy is to invest into fixed income securities & maintaining diversified equity portfolio along with active fund management policyholder's wealth in long run.

Floating Rate fund
Objective: The primary objective of the Investment Fund Option is to provide income consistent with prudent level of risk to achieve capital conservation for the policyholder.

Strategy: The strategy of the Investment Fund Option is to build a portfolio comprising substantially of floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and also fixed rate instruments and money market instruments.

Money Market Fund
Objective: The primary objective of the Investment Fund Option is to provide reasonable returns, at a high level of safety and liquidity for capital conservation for the policyholder.

Strategy: The strategy of the Investment Fund Option is to make judicious investments in high quality debt and money market instruments protect capital of the policyholder with very low level of risk.

Protection Fund
Objective: The Investment Fund Option with full exposure to debt market instruments, aims to achieve capital protection at medium level of risk.

Strategy: The strategy of the Investment Fund Option is to have combination exposure with Government securities & corporate bonds, maintaining low to medium term duration of the portfolio to achieve capital conservation for the policyholder.

Short Term Debt Fund
Objective: This BSLI Fund Option helps to provide capital preservation at a high level of safety & liquidity through judicious investments in high quality short-term debt instruments.

Strategy: To actively manage the fund by building a portfolio of fixed income instruments with short-term duration. The quality & duration of the assets purchased would aim to minimize the credit risk & liquidity risk of the portfolio. Fund will maintain reasonable level of liquidity.

One group account is maintained in the system and Net Asset Value per unit of each investment fund will be calculated.

The basis used for calculation of NAV would be the Appropriation Price and Expropriation Price.

The Appropriation Price shall apply in a situation when the company is required to purchase the assets to allocate the units at the valuation date

The Expropriation Price shall apply in a situation when the company is required to sell assets to redeem the units at the valuation date.

The NAV per unit of each Investment Fund will be calculated as mentioned below

When Appropriation Price is applied: The NAV shall be computed as:

(Market Value of Investments held by the fund + The Expenses incurred in Purchase of the Assets + Value of Any Current Assets + Any Accrued Income Net of Fund Management Charges - Value of any Current Liabilities - provisions, if any)
Divided by the number of units existing at valuation date (before any new units are allocated)

When Expropriation Price is applied: The NAV shall be computed as:

(Market Value of Investments held by the fund - The Expenses incurred in Sale of the Assets + Value of Any Current Assets + Any Accrued Income Net of Fund Management Charges - Value of any Current Liabilities - provisions, if any)
Divided by the number of units existing at valuation date (before any new units are allocated)

In case of termination of policy by the policyholder the Surrender Charges will be deducted from the Fund Value as per the following table.

The Surrender Charge is levied as a percentage of contribution received in the first policy year,

The scheme can be terminated in the manner set out below:

Non-receipt of due Premium for Life Insurance Coverage within 30 days from the Premium Due Date:

To continue the Policy as it is, the Policyholder must pay, within the grace period of 30 days, an amount equal to all Premiums towards Life Insurance Coverage due but unpaid. At the end of the grace period if the premium is not received, the policyholder will be given a period of five policy years to pay any due and unpaid premiums. During these five policy years all coverages will continue to be in force and the premiums will be deducted from the Fund Value by cancellation of units at the applicable NAV till the fund value attains a surrender value of Rs. 50,000/. When the Fund Value attains a Surrender Value of Rs. 50,000/- the policy will be terminated and the Surrender Value will be paid out.

At the end of the five year period we will give the policyholder an option to continue the Policy and start paying due premiums by the scheduled Premium Due Dates. If the policyholder does not opt to continue the Policy, the Policy will be terminated and the Surrender Value paid out.

In case the Policyholder opts to continue the policy, he has to pay the next due premium by the Premium Due Date.

You have a period of 15 days from the date of receipt of the policy document to review the terms and conditions of the policy and if you disagree to any of these terms or conditions, you have the option to return the policy and the premiums and market value of invested contributions will be refunded after proportionate deductions for life insurance coverage during the period.