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Birla Sun Life Insurance Vision Plan
You have always wanted a plan that enables you to meet your financial goals and also gives you financial security over your entire lifetime. Presenting BSLI Vision - a plan that gives you a lump sum payout on the date of your choice and a life cover up to the age of 100 years. What’s more, you only pay premiums for a limited number of years while you enjoy your life cover up to the age of 100 years.
This plan offers you:
How BSLI Vision plan works:
Based on your above choices, you will receive a host of benefits as below:
Choose from the following Rider options to enhance your financial security
Plan Summary
Insurance Dictionary
Disclaimer
 
This plan offers you:
 
  • Payout on the date of your choice
  • Whole Life Cover
  • Options to enhance your protection
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How BSLI Vision plan works:
 
  • You choose the Sum Assured which is the amount of life insurance cover up to the age of 100 years.
  • You choose a Guaranteed Survival Benefit (GSB) Term based on the number of years after which you would like to receive your payout. This term is also the accumulation phase of your plan, i.e. the number years for which you would have to pay premiums.
  • You choose from our range of riders, to enhance the financial security of your family.
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Based on your above choices, you will receive a host of benefits as below:
 
  • Guaranteed Survival benefit At the end of the GSB Term, you will receive a fixed payout known as the Guaranteed Survival Benefit. Along with the Guaranteed Survival Benefit, you will receive Monthly Additions and Enhancement to monthly additions. Please read further to know more about Monthly Additions.
  • Guaranteed Death Benefit In the unfortunate event of the death of the life insured during the policy term, the nominee will receive the Sum Assured as the Death Benefit.
  • Guaranteed Maturity Benefit In the event that the life insured survives to the end of the policy term, you will receive the Sum Assured as the Guaranteed Maturity Benefit.
  • Monthly Additions At the beginning of each policy year, your policy will be assigned the latest Monthly Addition Rate declared by us, provided all due premiums have been paid in full. Once this Monthly Addition Rate is assigned to your policy, it will be guaranteed for the next 12 months, and used to calculate your Monthly Additions during the upcoming policy year. We will be declaring new Monthly Addition Rates on April 1st of every calendar year. Please ask you financial advisor for the Monthly Addition Rate currently applicable on your policy. The currently declared Monthly Addition Rates are as follows (annual rate per 1000 of Sum Assured):
  • GSB Term 5 to 10 Years 11 to 15 Years 16 to 20 Years 21+ Years
    Currently Declared 39.0 39.0 41.4 45.0

    Enhancements to Monthly Additions

    If your GSB term is more than 21 years and if Monthly Additions have been accrued for more than 21 policy years, the accrued Monthly Additions payable as a Death Benefit or a Survival Benefit shall be enhanced by the following percentage:


    Sum Assured Band Band 1 Band 2 Band 3 Band 4
    Sum Assured (Rs.) 100,000 to 199,999 200,000 to 399,999 400,000 to 799,999 800,000 +
    For Each Policy Year Exceeding 21 2.50% 5.00% 6.25% 6.75%

    Benefits of Monthly Additions

    Monthly Additions enhance your Survival Benefit and Death Benefit. At the end of the GSB term, you receive a Survival benefit, which includes the Guaranteed Survival benefit; plus Monthly Additions accrued till date; plus Enhancements to Monthly Additions, if any. In the unfortunate event of the death of the life insured during the GSB term, the nominee will receive the Death Benefit which includes the Guaranteed Death Benefit; plus Monthly Additions accrued till date; plus Enhancements to Monthly Additions, if any.

  • Policy Loans

    You can also avail of loans on your policy once it has acquired a Surrender Value. The minimum loan amount is Rs.5,000 and the maximum is 90% of your policy’s Surrender Value.

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Choose from the following Rider options to enhance your financial security
 

BSLI Accidental Death and Disability Rider (UIN: 109C018V01)

BSLI Critical Illness Rider (UIN: 109C019V01)

BSLI Surgical Care Rider (UIN: 109C015V01)

BSLI Hospital Care Rider (UIN: 109C016V01)

BSLI Waiver of Premium Rider (UIN: 109C017V01)

For details on the above riders, please contact your financial advisor.

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Plan Summary
 
Entry Age (age last birthday) 1 to 65 years
Policy Term Whole Life to Age 100
Minimum Sum Assured Rs. 1,00,000
GSB Term 5 to 35 years
Minimum GSB Term Attained Age at GSB Term is 18 years or more
Maximum GSB Term Attained Age at GSB Term is 75 years or less
Premium Paying Term Regular Pay during the GSB Term


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Insurance Dictionary
 
  • Premium: The periodic payments made to acquire the insurance and maturity benefits
  • Policy Term: Total benefit tenure of the policy
  • Policy Surrender: Voluntary closure of policy before completion of policy term
  • Maturity Benefit: The final amount which the customer receives at the end of policy term
  • Rider: Additional protection for an extra premium on the base policy
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Disclaimer
 
nsurance is the subject matter of solicitation. Tax benefits are subject to changes in tax laws. All terms & conditions are guaranteed throughout the policy term, except for the Monthly Addition Rate which will vary from policy year to policy year depending on prevailing economic conditions. For more details, refer to product brochure. Regd. Office: One Indiabulls Centre Tower 1, 15th & 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai 400013. Reg No. 109 Unique No.: 109N068V01 ADV/12/10-11/4381 Version No.: VER 1 / Dec / 2010
 

UIN No - 109N068V01
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