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Birla Sun Life Insurance Bachat Money Back Plan
While you work hard and save regularly to ensure your family's financial security, we understand that you would also like your hard earned money to grow. Wouldn't it be great if your savings would offer payouts at regular intervals also? Presenting the BSLI Bachat (Moneyback) Plan - a plan that grows your savings and gives you money back at regular intervals.
BSLI Bachat (Moneyback) Plan - A step-by-step savings plan
BSLI Bachat (Moneyback) Plan is a regular savings plan that provides you regular payouts and a lump sum, along with life protection
What are the benefits of BSLI Bachat (Moneyback) Plan?
Accidental Death Benefit - Optional Rider for Entry Ages 18 to 50
Plan Summary
Surrender Benefit details:
Disclaimers
 
BSLI Bachat (Moneyback) Plan - A step-by-step savings plan
 
The BSLI Bachat (Moneyback) Plan secures your family's future by not just growing your regular savings, but by providing you money at regular intervals as well. You also get the security of a life cover through the tenure of the policy.
  • Grow your regular savings
  • Receive survival benefits at regular intervals
  • Safety and liquidity of savings
  • Life cover to secure your family’s future

How BSLI Bachat (Moneyback) Plan secures your family’s future vis-ŕ-vis other investment avenues:


 

Safety

Small Savings

      Liquidity

Survival Benefits at regular intervals

Life Cover

Bank Fixed Deposits    

Yes

Yes

Yes

Yes

No

Public Provident Fund   

Yes

Yes

Yes

No

No

Post Office Time Deposits

 Yes

Yes

No

No

No

National Savings Certificates   

Yes

Yes

No

No

No

BSLI Bachat (Moneyback) Plan    

Yes

Yes

Yes

Yes

Yes

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BSLI Bachat (Moneyback) Plan is a regular savings plan that provides you regular payouts and a lump sum, along with life protection
 

How BSLI Bachat (Moneyback) Plan works:

You choose your Monthly Base Premium amount that belongs to one of the following bands:

  • Band 1: Rs. 400 - Rs. 599 per month
  • Band 2: Rs. 600 - Rs. 899 per month
  • Band 3: Rs. 900 and above per month

Once you have chosen your premium amount, you receive a series of benefits as follows:

  • You will get a life cover for the financial security of your family.
  • You stand to receive premium rebates for choosing annual and semi-annual mode of payment. You get a rebate of 4% if you choose to pay annually, and 2% for semi-annually.
  • You will receive a regular payout equal to 20% of Monthly Base Premiums paid, on the 5 , 10 and 15 policy anniversary.
  • On maturity, you will receive a lump sum which you can use to fulfill your dreams and goals.
  • You have the advantage of liquidity on your savings to access your money any time you need it after three policy years.
  • You have the option of double life cover in case of accidental death, for a nominal additional premium, to ensure enhanced financial security of your family.
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What are the benefits of BSLI Bachat (Moneyback) Plan?
 
  • Survival Benefit : You will receive 20% of Monthly Base Premiums paid, on the 5 , 10 and 15 policy anniversary.
  • Maturity Benefit : On maturity after 20 years, you will receive All Monthly Base Premiums paid + All Bachat Additions earned + Loyalty Addition - All Survival Benefits paid.
  • Death Benefit : In the event of an untimely demise of the life insured, the nominee shall receive All Monthly Base Premiums paid (or Sum Assured, if higher) + All Bachat Additions earned + Loyalty Addition - All Survival Benefits paid.
  • Your surrender benefits include All Monthly Base Premiums paid from the second year onwards multiplied by the surrender factor th th (following table) + After 10 policy year, all Bachat Additions earned + After the 15 policy year, Loyalty Addition earned (less all Survival Benefits paid).

The surrender factor is 100% after completing 10 policy years. However before 10 years are over, you will receive the following:

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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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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Policy

Base Premium

Survival

Bachat Addition

Loyalty

Total Additions Payable on

 

 

 

Year

Annual

Paid

Benefit

Earned

Payable

Addition

>Death

Surrender

 

[a]

[b]

[c]

[d]

[e]

[f]

>[g]

[h]

1

6,000

6,000

0

300

300

1

>301

---

2

6,000

12,000

0

600

900

7

>907

---

3

6,000

18,000

0

900

1,800

27

>1,827

---

4

6,000

24,000

0

1,200

3,000

75

>3,075

---

5

6,000

30,000

6,000

1,200

4,200

147

>4,347

---

6

6,000

36,000

0

1,500

5,700

271

>5,971

---

7

6,000

42,000

0

1,800

7,500

469

>7,969

---

8

6,000

48,000

0

2,100

9,600

768

>10,368

---

9

6,000

54,000

0

2,400

12,000

1200

>13,200

---

10

6,000

60,000

12,000

2,100

14,100

1657

>15,757

14,100

11

6,000

66,000

0

2,400

16,500

2269

>18,769

16,500

12

6,000

72,000

0

2,700

19,200

3072

>22,272

19,200

13

6,000

78,000

0

3,000

22,200

4107

>26,307

22,200

14

6,000

84,000

0

3,300

25,500

5419

>30,919

25,500

15

6,000

90,000

18,000

2,700

28,200

6627

>34,827

34,827

16

6,000

96,000

0

3,000

31,200

8112

>39,312

39,312

17

6,000

102,000

0

3,300

34,500

9919

>44,419

44,419

18

6,000

108,000

0

3,600

38,100

12097

>50,197

50,197

19

6,000

114,000

0

3,900

42,000

14700

>56,700

56,700

20

6,000

120,000

0

4,200

46,200

17787

>63,987

63,987

 

All Entry Ages

Entry Age 13 to 40

Entry Age 41 to 50

Entry Age 51 to 60

 

Policy

Surrender Benefit

Death Benefit

Death Benefit

Death Benefit

Year

Gtd

Total

Gtd

Total

Gtd

Total

Gtd

Total

 

[i]

[i]

[k]

[l]

[k]

[l]

[k]

[l]

1

---

---

90,000

90,301

60,000

60,301

30,000

30,301

2

---

---

90,000

90,907

60,000

60,907

30,000

30,907

3

3,600

3,600

90,000

91,827

60,000

61,827

30,000

31,827

4

7,200

7,200

90,000

93,075

60,000

63,075

30,000

33,075

5

6,000

6,000

84,000

88,347

54,000

58,347

24,000

28,347

6

12,000

12,000

84,000

89,971

54,000

59,971

30,000

35,971

7

19,200

19,200

84,000

91,969

54,000

61,969

36,000

43,969

8

27,600

27,600

84,000

94,368

54,000

64,368

42,000

52,368

9

37,200

37,200

84,000

97,200

54,000

67,200

48,000

61,200

10

36,000

50,100

72,000

87,757

42,000

57,757

42,000

57,757

11

42,000

58,500

72,000

90,769

48,000

66,769

48,000

66,769

12

48,000

67,200

72,000

94,272

54,000

76,272

54,000

76,272

13

54,000

76,200

72,000

98,307

60,000

86,307

60,000

86,307

14

60,000

85,500

72,000

102,919

66,000

96,919

66,000

96,919

15

48,000

82,827

54,000

88,827

54,000

88,827

54,000

88,827

16

54,000

93,312

60,000

99,312

60,000

99,312

60,000

99,312

17

60,000

104,419

66,000

110,419

66,000

110,419

66,000

110,419

18

66,000

116,197

72,000

122,197

72,000

122,197

72,000

122,197

19

72,000

128,700

78,000

134,700

78,000

134,700

78,000

134,700

20

84,000

147,987

84,000

147,987

84,000

147,987

84,000

147,987

 

 

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Plan Summary
 

Age at Entry

13 - 60 years

Policy Term

20 years

Premium Pay Term

20 years

Monthly Base Premium

Rs. 400 - Rs. 5,000

Sum Assured

Up to 180 times Monthly Base Premium

Premium Payment Frequency

Monthly, Quarterly, Semi-annual and Annual

 

Entry Age

13 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, and also receive regular payouts to meet your financial requirements at various stages in life. With BSLI Bachat (Moneyback) Plan, safeguard your family's dreams and aspirations by saving as little as Rs. 400 per month.

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Surrender Benefit details:
 

Assuming that premiums are paid annually, and earn 4% rebate, here are the surrender benefits under different premium bands.

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

Total Survival Benefit

 

 

 

After 10 years

18,000

27,000

36,000

After 15 years

36,000

54,000

72,000

After 20 years

36,000

54,000

72,000

Surrender Benefit

 

 

 

After 10 years

50,100

76,208

103,020

After 15 years

82,827

127,374

174,077

After 20 years

147,987

228,180

312,685

Surrender Benefit plus Total Survival Benefit / Total Premiums Paid

 

 

 

After 10 years

118%

119%

121%

After 15 years

138%

140%

142%

After 20 years

160%

163%

167%

Equivalent Bachat Addition Rate

 

 

 

After 10 years

3.91%

4.17%

4.43%

After 15 years

6.06%

6.45%

6.85%

After 20 years

7.87%

8.35%

8.83%

 

UIN No - 109N068V01
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Disclaimer
 
This policy is underwritten by Birla Sun Life Insurance Company Limited (BSLI). This is a non-participating traditional insurance plan. All terms & conditions are guaranteed throughout the policy term except for the Bachat Addition Rate which will vary from year to year and be declared by BSLI on April 1st of every calendar year. Future Survival Benefits are paid only if the Guaranteed Surrender Benefit exceeds the Survival Benefit payable. BSLI reserves the right to recover levies such as the Service Tax and Education Cess levied by the authorities on insurance transactions. If there be any additional levies, they too will be recovered from you. This brochure contains only the salient features of the plan. For further details please refer to the policy contract. Tax benefits are subject to changes in the tax laws. Insurance is the subject matter of the solicitation.
 

UIN No. - 109N57V01
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