Bond Fund-II: [SFIN:ULIF01608/01/2010LIFDEBT-II122]: To generate a steady income through investment in high-quality fixed-income securities.

Protector Fund-II [SFIN: ULIF02108/01/2010LIPROTE-II122]: To generate steady returns with a minimum exposure to equities.

Balanced Fund-II: [SFIN: ULIF0 1508/01/2010LIBALAN-II122]: To generate a balance of capital growth and steady returns.

Growth Fund-II: [SFIN: ULIF0 1808/01/2010LIGROWT-II122]To generate long-term capital appreciation with high-equity exposure.Enhancer Fund-II: [SFIN: ULIF0 1708/01/2010LIFENHN-II122]To provide aggressive, long-term capital growth with high-equity exposure.

PSU Fund: [SFIN: ULIF0 2208/01/2010LIFEPSUFND122]: To generate steady returns through investment in PSU and related equities.

Infrastructure Fund: [SFIN: ULIF0 1908/01/2010LIFEINFRAF122]To generate steady returns through investment in infrastructure and related equities.

Index Fund-II: [SFIN: ULIF0 2008/01/2010LIFINDX-II122]: To generate returns in line with the stock market index – S&P CNX NIFTY.

Dynamic P/E Fund: [SFIN: ULIF03201/08/2011LIFDYNAMIC122]:

To provide long term capital appreciation through dynamic asset allocation

between Debt and Equity. The allocation to Equity and Equity Related Securities is determined with reference to the Forward Price Earning (P/E) multiple of the NSE S&P CNX Nifty index and the remainder is invested in

Debt and Money Market instruments.

Premium Allocation Charge (defined as 100% minus Allocation Rate) – This charge is deducted from the premium and the balance premium after deducting this charge is invested as per the Allocation Rate which will depend on the policy year as detailed below:

Net Asset Value (NAV) calculation: The NAV of the fund shall be computed as:

Market Value of investment held by the fund + Value of Current Assets – Value of Current Liabilities & Provisions, if any

Number of Units existing on Valuation Date (before creation / redemption of Units)

MKT/AFLA/Oct. 2011/Ver. 1.4