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Birla Sun Life Insurance Rainbow Plan
As an informed investor you have always looked for avenues that gives you guarantee on your investments. And in an increasingly dynamic environment you also need the assurance of a steady return over the long term. Presenting, the BSLI Rainbow, an insurance plan that gives you a guaranteed return on maturity that is tax free and the financial security of a life cover.
How Does the BSLI Rainbow work
Your Benefits
Earn Guaranteed Monthly Additions and a Guaranteed Final Addition
Illustration of Benefits
Plan Summary
Disclaimer
 
How Does the BSLI Rainbow work
 
  • You choose the single premium amount you want to invest
  • You choose the policy term from options of 5 years and 10 years Your Benefits
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Your Benefits
 
  • Maturity Benefit: You will receive a guaranteed amount on maturity. Your maturity benefit is equal to
    • Maturity Sum Assured; plus
    • All Guaranteed Monthly Additions earned to date; plus
    • Guaranteed Final Addition
    • Please ask you financial advisor for the Maturity Amount applicable to you
  • Surrender Benefit: In case of emergency fund requirements, you can surrender your policy anytime after 1st policy year and receive
    • 90% of the Maturity Sum Assured; plus
    • Guaranteed Monthly Additions earned to date
  • Policy Loans: You can also avail loans on your policy.
  • Tax Benefits: You will also be eligible for tax benefits as per the extant laws.
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Earn Guaranteed Monthly Additions and a Guaranteed Final Addition
 

Guaranteed Monthly Additions

At the end of every month you will earn Guaranteed Monthly Addition. Your Guaranteed Monthly Addition is calculated as:
Guaranteed Monthly Addition Rate x Maturity Sum Assured/1000
Please ask your financial advisor for the Guaranteed Monthly Addition Rates applicable to you.

Guaranteed Final Addition

We reward you for your loyalty with a Guaranteed Final Addition on maturity.


Policy Term Guaranteed Final Addition
5 years 6 Guaranteed Monthly Additions
10 years 12 Guaranteed Monthly Additions
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Illustration of Benefits
 
Entry Age : 30 years
Policy Term : 10 years
Single Premium : Rs. 1,00,000
Basic Sum Assured : Rs. 5,00,000
Maturity Sum Assured : Rs. 92,630
Guaranteed Monthly Addition : Rs. 685
Guaranteed Final Addition< : Rs. 8,226
Maturity Benefit : Rs. 1,83,111
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Plan Summary
 
Entry Age (age last birthday) 8 60 years, subject to minimum attained age of 18 at maturity
Policy Term 5 or 10 years
Pay Term Single pay
Single Premium Minimum Rs. 50,000
Basic Sum Assured 5 times Single Premium


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Disclaimer
 
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
 

UIN No - 109N068V01
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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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