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Birla Sun Life Insurance Classic Endowment Plan
While you save to ensure your family's financial security, you wish for a plan that also offers you the flexibility to manage your savings as per your unique requirements.

Presenting the BSLI Classic Endowment Plan - a plan that lets you channel your savings to our range of ten investment funds, to suit your investment needs, and also provides financial protection for your family.
This plan offers you:
How BSLI Classic Endowment Plan works:
Based on your above choices you will receive a host of benefits as below:
Choose from our Rider options to increase the financial security of your loved ones
Plan Summary
Insurance Dictionary
This plan offers you:
  • Choice of Policy Term and Pay Term
  • Flexibility of directing your savings to 10 investment funds, as per your risk appetite
  • Enhanced financial security for your loved ones
How BSLI Classic Endowment Plan works:
  • You select your Policy Term from our options of 10 / 15 / 20 / 25 / 30 years.
  • You select the Basic Premium you wish to pay every year.
  • You select your Pay Term from options of 5-Pay / 10-Pay / 15-Pay / 20-Pay / To Savings Date.
  • You have an option to choose an Enhanced Sum Assured and increase the financial security for your loved ones for a minimum amount of Rs. 50,000.
  • You have an option to choose from our range of riders and customise your family's future financial security.
Based on your above choices you will receive a host of benefits as below:
  • Maturity Benefit: You will receive the Fund Value at maturity.

  • Death Benefit: In the unfortunate event of the demise of the life insured prior to maturity, 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 death 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 death is reduced by all partial withdrawals made from age 58 onwards In addition, the nominee will also receive the Enhanced Sum Assured, if any.

  • 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 that time.

  • 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, except in the five years prior to maturity and as long as all due policy premiums have been paid.

  • Guaranteed Additions: Your policy enjoys a boost in 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.
  • Policy Loans: You can also avail loans on your policy.
Choose from our Rider options to increase the financial security of your loved ones:
  • Critical Illness Rider: On diagnosis 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 life insured / policy holder 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 will continue.

For more details on any of the riders mentioned above, please consult your BSLI financial advisor or refer to the rider brochure.
Plan Summary
 Policy Term 10, 15, 20, 25 and 30 years
Savings Date Same as policy term
Entry Age    1 year to 65 years, subject to minimum age of 18 on Savings Date
Basic Premium Minimum Rs. 25,000 p.a. if paid annually
Minimum Rs. 30,000 p.a. if paid monthly, quarterly or semi-annually
Pay Term Short pay 5, 10, 15, 20 years |To Savings Date
Top-up Premium   Minimum Rs. 5,000
Premium Payment Option Monthly, Quarterly, Semi-annually or Annually
Enhanced Sum Assured Minimum Rs. 50,000
Entry Age 18 to 65 years, subject to maximum age of 75 on Savings Date
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
The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of investment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. Tax benefits are subject to changes in the tax laws. Insurance is the subject matter of solicitation. Birla Sun Life Insurance BSLI Classic Endowment Plan Income Advantage, Assure, Protector, Builder, Enhancer, Creator, Magnifier, Maximiser, Multiplier and Super 20 are only the names of the Company, Policy and Investment Funds respectively and do not in any way indicate the quality of the policy, investment funds or their future prospects or returns. Investment risk in investment portfolio is the borne by the policyholder. For further details please 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.: 109L061V01 ADV/8/10-11/4133 Version No.: VER 1/ AUG/ 2010
copyright © 2016. All Rights Reserved.
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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