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Birla Sun Life Insurance Money Back Plus Plan
We understand your need to know that your savings are safe and growing. We also appreciate the fact that you may be faced with situations during which you may require your money back urgently.

With the BSLI Money Back Plus Plan you receive Guaranteed returns and savings along with the freedom to withdraw it when you need it. All this comes with protection that only increases over the years.
Guaranteed Maturity and Survival Benefits
Flexible Withdrawal Option
Protecting your family with increased life cover
Other Benefits Offered
Plan Summary
Disclaimer
 
Guaranteed Maturity and Survival Benefits
 
Our plan offers you a Guaranteed Maturity Benefit- i.e. a minimum amount that is guaranteed at the end of the term of the policy, along with a chance to earn survival benefit at the end of every policy year rd from the 3 year onwards. This adds up to form your accumulated survival benefits. The Guaranteed Maturity Benefit is the sum of all base premiums that you have paid. And, the younger you are and the longer you stay with the policy the higher the Guaranteed Maturity Benefit will be. You will receive the Guaranteed Maturity Benefit and the accumulated Survival Benefit on maturity.
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Flexible Withdrawal Option
 
The accumulated survival benefit could be used for cash withdrawals or premium offsets. The minimum cash withdrawal is Rs. 5,000, and you can opt for an offset of future premiums provided the accumulated survival benefits are higher than your annual premium. Alternatively, the accumulated survival benefit would be paid on maturity, surrender or death.
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Protecting your family with increased life cover
 
Every policy year we increase your life cover by an amount equal to your annual base premium. Over the years, your life cover increases, as a result, it provides greater security and protection to your loved ones. The minimum life cover would be ten times the annual base premium.
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Other Benefits Offered
 
  • Maturity Preponement: Unfortunate circumstances could bring about a need to prepone the maturity of your policy. In this situation, the plan would pay you an amount equaling the Guaranteed Maturity Benefit minus the early maturity adjustment, along with your accumulated survival benefits. Preponement is possible only after ten completed policy years. Also no deduction is made if preponement is after 20 policy years.

  • Surrender Benefit: On surrender of your policy before the completion of ten policy years, your base premiums multiplied by a percentage (refer to table below) plus your accumulated survival benefit would be paid to you. The policy acquires a surrender benefit only if premiums have been paid for 3 full years.

    Policy Year of Surrender
    1-2 3 4 5 6 7 8 9 10
    0% 25% 30% 35% 45% 55% 65% 75% 85%

  • The ADD Rider: You can also opt for the Accidental Death and Dismemberment Rider (ADD).
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Plan Summary
 
Entry Age 30 days to 60 years
Policy Term Minimum-10 years
Maximum-70 minus your current age. Subject to Maximum 40 years
Premiums Minimum: Rs. 9,600 per annum You can choose your annual base premiums only in multiples of Rs. 1,200
Premium Paying Frequency Annually, half yearly, quarterly or monthly, as per your convenience
Tax Benefit Under Section 80C and 10(10D)
Premium and Survival Benefit Bands Linked to your annual base premiums Explained below


Survival Benefit Band Annual Base Premium Range Survival Benefit
Band 1 Rs. 9,600 - Rs. 18,000 Base Survival Benefit
Band 2 Rs. 19,200 - Rs. 37,200 5% extra over Base Survival Benefit
Band 3 Rs. 38,400 onwards 7% extra over Base Survival Benefit
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Disclaimer
 
Insurance is the subject matter of the solicitation. For more details on terms and conditions, please read the sales brochure carefully before concluding the sale. Tax benefits are subject to changes in the tax laws.
 

UIN No. - 109N041V01
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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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