BSLI Dream Retirement Plan guarantees that you receive no less than the chosen Basic Sum Assured on the Guaranteed Savings Date.
Your Guaranteed Savings Fund will continue to grow at a minimum rate of 3% per annum less policy charges and less any partial withdrawals. All Basic Premiums, net of an investment guarantee charge, paid by you are invested in the Enhancer Fund.

You may wish to enhance your financial security by choosing Enhanced Sum Assured. The Enhanced SA Premium as applicable will be invested, net of investment guarantee charge, in the Enhancer Fund thus augmenting your Basic Fund Value. You may also opt for Enhanced Savings Premiums, which increases your savings. The Enhanced Savings Premiums are invested under the Self-Managed Option in our range of ten well established investment funds ranging from 100% debt to 100% equity to suit your particular need and risk appetite - Income Advantage, Assure, Protector, Builder, Enhancer, Creator, Magnifier, Maximiser, Multiplier and Super 20. You will retain the freedom to reallocate your investments and re-direct your future Enhanced Savings Premiums between these funds based on your choice. The Pre-Retirement Benefit You may choose to receive a monthly benefit equal to 5% of your Basic Sum Assured annually prior to the Guaranteed Savings date by selecting either a 5-year or 10-year Enhanced Pre-Retirement Benefit. You may encash each Enhanced Pre-Retirement Benefit, at any time, once vested and after completing three policy years.

Besides the regular premium pay option, you can choose from a single pay option or short pay options of 5-Pay, 10-Pay, 15-Pay or 20-Pay as per your convenience.

You will receive a Guaranteed Addition equal to 2% of your average Basic Fund Value recorded in the last 60 months at the end of 10th year and every 5th year subsequent to that. These will be in the form of additional units allocated to your fund. In case you have chosen to augment your savings through Enhanced Savings Premium, the Guaranteed Additions will be paid on your Fund Value (Basic Fund Value plus Enhanced Fund Value).

In the unfortunate demise of the life insured during the policy term, the nominee will receive the higher of Basic Sum Assured or the Fund Value (Basic Fund Value plus Enhanced Fund Value, if any). The nominee will also receive the Enhanced Sum Assured, if chosen, for death of the life insured prior to the Guaranteed Savings Date.

• Partial Withdrawals
  You can make partial withdrawals after you have completed three policy years as long as the amount withdrawn is more than Rs.5,000 and the amount left in your fund is equal to at least one annual policy premium plus any surrender charges. Please note that the Basic Sum Assured is reduced by any partial withdrawal made till the Guaranteed Savings Date.
  
  Such withdrawals also impact the Death Benefit as follows:
  
  • For life insured under 60 years, Basic Sum Assured is reduced by the partial withdrawals done in the last two years
  • For life insured over 60 years, the Basic Sum Assured is reduced by the partial withdrawals done after the age of 58
• Surrender Benefits
  You can surrender your policy and receive your Fund Value (Basic Fund Value plus Enhanced Fund Value if any) less applicable surrender charges. There are no surrender charges after the completion of 5 policy years. If you surrender the policy prior to the 3rd policy year, your surrender benefit will be kept constant and deferred for payment to the end of the 3rd policy year.
  
  Please go through our brochure to understand the surrender charges in detail.