Death Benefit: In case of the unfortunate demise of the life insured while the policy
is in effect, the nominee will receive the greater of either the Fund Value or the
Basic Sum Assured, reduced for partial withdrawals as follows:
- Before the life insured attains the age of 60, the Basic Sum Assured payable on
demise is reduced by partial withdrawals made in the preceding two years
- Once the life insured attains the age of 60, the Basic Sum Assured payable on demise
is reduced by all partial withdrawals made from age 58 onwards
In addition, the nominee will also receive the Enhanced Sum Assured, if any.
Enhanced Sum Assured: Based on your needs you can increase the life cover over and
above the Basic Sum Assured by opting for the Enhanced Sum Assured at inception.
You can choose any amount of Enhanced Sum Assured, subject to a minimum of Rs. 50,000
and not exceeding Basic Sum Assured.
Whole Life Cover: You enjoy a life cover for your entire life, ensuring the long
term financial security for your loved ones.
Surrender Benefit: In case of emergency fund requirements, you can surrender your
policy after the completion of five policy years, and receive the Fund Value at
Top-up Premium: If you wish to increase your investment in the policy, you have
the freedom to invest additional amounts to your premium as top-up premiums, anytime
during the policy term, as long as all due policy premiums have been paid. The minimum
top-up premium is Rs. 5,000 and your Basic Sum Assured will automatically increased.
For more details refer to our brochure.
Guaranteed Additions: Your policy enjoys a boost in the form of additional units.
For more details on the guaranteed additions, please contact your financial advisors
or refer to our brochure.
Partial Withdrawals: You can make unlimited partial withdrawals to meet any financial
emergencies any time after 5 policy years. The minimum amount of partial withdrawal
is Rs. 5,000. There is no maximum limit, but you are required to maintain a minimum
Fund Value of Rs. 25,000 plus any top-up premiums paid in the previous five years.
Policy Loans: You can also avail loans on your policy.
Self-Managed Option - The flexibility to direct your savings in our range of 10
The Self-Managed Option gives you complete access to invest your premiums in our
well established suite of 10 Investment Funds, ranging from 100% debt to 100% equity.
You also enjoy full freedom to switch from one Investment Fund to another, as per
your changing requirements.
- Choose from our range of 10 Investment Funds, to suit your risk appetite
- Allocate your savings in the proportion of your choice
- Change your allocations as per your changing requirements
Choose from our Rider options to increase the financial security of your loved ones
Critical Illness Rider:
On diagnosis of any of the four illnesses - Heart Attack, Cancer, Major Organ Transplant
and Stroke, you will receive upto 100% of the Rider Sum Assured.
Accidental Death and Disability Rider:
In the event of death due to an accident, your nominee will receive the chosen Rider
Sum Assured up to a maximum of Rs.50,00,000. In the event of disability due to an
accident, you will receive a fixed percentage of the Rider Sum Assured, depending
on the type of injury.
Hospital Care Rider:
In the event that you are hospitalised for treatment, you will receive Daily Cash
Benefit to take care of your expenses. In case you are treated in an Intensive Care
Unit, you will receive an Enhanced Daily Cash Benefit. To help you cover your recuperation
expenses, you will be paid a lump sum amount, in case you are hospitalised for more
than seven days for the same disease.
Surgical Care Rider:
In case you are hospitalised to undergo a surgery, you will be paid a lump sum amount
to cover your expenses.
Waiver of Premium Rider:
In case the life inured / policyholder is unable to pay the policy premiums due
to a disability, critical illness or an untimely demise, all future premiums of
the base plan and the attached riders will be paid by BSLI and all policy benefits
For more details on any of the riders mentioned above, please consult your BSLI
financial advisor or refer to the rider brochure.