Today you are young and you don't have as many responsibilities. Even then you don't know where the money goes as your desires are increasing and you want to lead a good lifestyle and fulfill your desires. But, tomorrow as your responsibilities and life's uncertainties increase, you and your family should not have to sacrifice this lifestyle that you are enjoying today. So, if you start saving small amounts in a disciplined manner today, not only will you accumulate enough tax free savings for a secure future but also protect yourself against life's uncertainties. (Under Section 80C & Section 10 (10D) of Income Tax Act, 1961)
Let's understand this plan with the help of an illustration
Prakash is 30 years old. He wants to ensure that he and his family do not have to sacrifice the lifestyle that they are enjoying today. Therefore, if he starts saving in a disciplined manner today.
He chooses to secure his life for a 30 year term with BSLI Vision LifeSecure Plan. Based on his life stage, his premium per year is set at Rs. 30,131.
If Prakash survives till the end of the policy term, he can expect a guaranteed maturity amount of Rs. 7,75,000 plus accrued bonus amount of Rs. 1,429,875 (at the rate 8% p.a.) at the end of 30 years. The policy continues even after the Maturity Benefit is paid.
In the unfortunate event of his death during the policy term, his family can expect the Guaranteed Death Benefit of Rs. 7,75,000 along with the accrued regular bonuses as on date of death and the terminal bonus (If any).
Note :The rates mentioned above are bound to change in future. Please contact the company for final rates applicable to you at the time of purchase.
How to apply?
||Choose the Sum Assured |
||Choose the policy term|
For ease of reference, the Sum Assured is banded as follows:
|Sum Assured Band
|Sum Assured (Rs.)
||200,000 to 399,999
||400,000 to 599,999
||600,000 to 799,999
|Entry Age (Age on last birthday)
||1 – 60 years|
||15 to 35 years|
||Attained age at the end of the policy term is 18 years or more.|
||Attained age at the end of the policy term is 75 years or less.|
|Premium Paying Term
|Minimum Sum Assured
||Rs. 12,000 p.a.|
||Annual, semi- annual, quarterly and monthly.|
For more details on the plan, please refer to our product brochure.
Risk factors and disclaimers
This is a traditional participating whole life insurance plan. All terms & conditions are guaranteed throughout the policy term, except for the bonuses which would be declared at the end of each financial year. Service Tax and Education Cess and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. For more details on risk factors, terms & conditions, please read the sales brochure carefully before concluding the sale. Tax benefits are subject to changes in the tax laws. Insurance is the subject matter of the solicitation.
Registered Office: One Indiabulls Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. Reg No. 109. ADV/2/13-14/6746 VER3/FEB/2014
Unique No. 109N087V01