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Birla Sun Life Insurance Bachat Endowment Plan
At Birla Sun Life Insurance we understand that while you are working to provide for your family you also want to save for your future. You want to be able to provide for your child’s education, to buy a house or other needs in the future.
How can you provide for these?
How do various investment avenues help you save for your goal?
BSLI Bachat (Endowment) Plan
Here’s how BSLI Bachat (Endowment) Plan works:
What are your benefits with BSLI Bachat (Endowment) Plan?
Here’s how your Surrender Benefit works:
Accidental Death Benefit – Optional Rider for Entry Ages 18 to 50
Plan Summary
Disclaimers
 
How can you provide for these?
 
  • Save regularly over 10 – 15 years
  • Small affordable saving amounts
  • Have Safety and liquidity of savings
  • Financial security for your family’s future
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How do various investment avenues help you save for your goal?
 
There are a range of investment avenues available, but you need to identify and pick the one that suits your needs. Here’s a quick look at what few investment avenues can offer you:
Safetys Small Savings Liquidity Life Cover
Bank Fixed Deposits Yes No Yes No
Public Provident Fund Yes No Yes No
Post Office Time Deposits Yes No Yes No
National Savings Certificates Yes No Yes No
BSLI Bachat (Endowment) Plan Yes No Yes No
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BSLI Bachat (Endowment) Plan
 
is a regular savings plan that provides you a lump sum and life protection.
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Here’s how BSLI Bachat (Endowment) Plan works:
 
What you choose: What you receive:
Convenient base premium amount:
  • Band 1: Rs. 400 – Rs. 599 per month
  • Band 2: Rs. 600 – Rs. 899 per month
  • Band 3: Rs. 900 and above

Life cover to financially secure your family

Premium Rebates:
Annual = 4% Semi-Annual = 2%

On Maturity, you get a lump sum which can be used for your goals

Liquidity of savings so you can access your money any time

Option to double life cover for a nominal additional premium for enhanced financial security

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What are your benefits with BSLI Bachat (Endowment) Plan?
 

Maturity Benefit:
On maturity, you will receive: All Monthly Base Premiums paid + All Bachat Additions earned + Loyalty Addition

Death Benefit:
In the unfortunate event of death, the nominee will receive: All Monthly Base Premiums paid (or Sum Assured, if higher) + All Bachat Additions earned + Loyalty Addition

Surrender Benefit:
On surrender, you will receive: All Monthly Base Premiums paid from the 2nd year onwards x the surrender factor below; plus After the 10th policy year, all Bachat Additions earned; plus After the 15th policy year, the Loyalty Addition

The surrender factor is 100% after completing 10 policy years, otherwise it is


Policy Year of Surrender 3 4 5 6 7 8 9 10
Surrender Factor 30% 40% 50% 60% 70% 80% 90% 100%
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Here’s how your Surrender Benefit works:
 
Let’s take a look at the surrender benefits under different premium bands, assuming that the premium are paid annually and earn 4% rebate:
Band I II III
MBP Range (in Rs.) 400 to 599 600 to 899 900 +
Bachat Addition Rate 5.00% 5.25% 5.50%
MBP chosen by you 500 750 1,000
MBP x 12 6,000 9,000 12,000
Annual Premium paid by you 5,760 8,640 11,520
Surrender Benefit
After 10 years 70,500 106,988 144,300
After 15 years 130,800 200,561 273,336
After 20 years 216,075 333,923 458,642
Surrender Benefit / Total Premiums Paid
After 10 years 122% 124% 125%
After 15 years 151% 155% 158%
After 20 years 188% 193% 199%
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Accidental Death Benefit – Optional Rider for Entry Ages 18 to 50
 
For an extra 1.2% of MBP additional Sum Assured is paid in case of accidental death.
  • Extra 180 x MBP payable in case death is accidental for entry ages 18 to 40.
  • Extra 120 x MBP payable in case death is accidental for entry ages 41 to 50.
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Plan Summary
 

Age at Entry: 30 days – 60 years

Policy Term: 20 years

Premium Pay Term: 20 years

Monthly Base Premium: Rs. 400 – Rs. 5,000

Sum Assured: Upto 180 times Monthly Base Premium


The Sum Assured depends on the Entry Age as follows:

Entry Age 0 to 40 41 to 50 51 to 60
Sum Assured 180 x MBP 120 x MBP 60 x MBP

Now you can build a corpus through regular systematic savings through additions every year at maturity. With BSLI Bachat (Endowment) Plan, ensure and protect your family’s dreams and aspirations by saving as little as Rs. 400 per month.

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Disclaimers
 
Insurance is the subject matter of the solicitation. Tax benefits are subject to changes in tax laws. All terms & conditions are guaranteed throughout the policy term. For more details refer to product brochure. Reg No. 109 Unique No.: 109N063V01 ADV/11/10-11/4293 Version No.: VER 1 / Nov / 2010
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Angel Financial Advisors Pvt. Ltd. is corporate agent of Birla Sun Life Insurance & ICICI Lombard.
CIN Number:U51900MH1996PTC100820
Licence no with IRDA. 3834662.
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