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BSLI Bachat (Child) Plan
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| Like any responsible and loving parent, you want only the best for your child. While you save regularly to provide the best of education, shouldn't you also be able secure your child's bright future from any unforeseen circumstance? Presenting BSLI Bachat (Child) Plan - a plan that secures your child's future even in the event of an untimely demise of the life insured. |
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| BSLI Bachat (Child) Plan - A step-by-step savings plan |
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| The BSLI Bachat (Child) Plan secures your child's future by helping you build funds through regular savings. In the event of an untimely demise of the life insured, BSLI will pay all remaining premiums so that your policy continues. Also, your savings will continue to grow through the term of the policy. |
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- Grow your regular savings
- Policy continuance
- Safety and liquidity
- Tax savings
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| How BSLI Bachat (Child) Plan secures your child's future vis-à-vis other investment avenues: |
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| It is very important to choose an investment option suited to your requirements. At BSLI, we understand that it could be difficult for you to pick out an investment avenue that's optimum for you. Here's presenting a simple comparison and evaluation for your convenience. |
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Safety |
Small Savings |
Liquidity |
Life Cover |
| Bank Fixed Deposits |
Yes |
Yes |
Yes |
No |
| Public Provident Fund |
Yes |
Yes |
No |
No |
| Post Office Time Deposits |
Yes |
Yes |
No |
No |
| National Savings Certificates |
Yes |
Yes |
No |
No |
| BSLI Bachat (Child) Plan |
Yes |
Yes |
Yes |
Yes |
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| BSLI Bachat (Child) Plan is a regular savings plan that helps you secure your child's future under all circumstances |
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| How BSLI Bachat (Child) Plan works: |
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| For Bachat Child Plan, the Bachat Addition Rate is used to determine the Bachat Addition a client will earn during the upcoming year. |
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| Band |
I |
II |
III |
| For policies with MBP (in Rs.) |
400 to 599 |
600 to 899 |
900 + |
Bachat Addition Rate
(as of April 1,2011) |
5.00% |
5.25% |
5.50% |
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| In addition, you pay a Policy Continuation Premium to ensure continuation of the policy till maturity in case of death of the life insured during the policy term. |
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| Policy Continuation Premium (fixed additional premium) |
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| Entry Age |
13 to 40 |
41 to 50 |
| Sum Assured |
180 x MBP |
120 x MBP |
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| Once you have chosen your premium amount, you receive a series of benefits as follows: |
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- You will get a life cover for the financial security of your family.
- You stand to receive premium rebates for choosing annual and semi-annual mode of payment. You get a rebate of 4% if you choose
to pay annually, and 2% for semi-annually.
- Your policy continues till maturity, as you planned to secure your child's future in case of an untimely demise.
- On maturity, you will receive a lump sum which you can use to fulfill your child's dreams and goals.
- You have the advantage of liquidity on your savings to access your money any time you need it after three policy years.
- You have the option of double life cover in case of accidental death, for a nominal additional premium, to ensure enhanced financial
security of your family
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| What are the benefits of BSLI Bachat (Child) Plan? |
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| Maturity Benefit - On maturity after 20 years, you will receive |
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- All Monthly Base Premiums paid; plus
- All Bachat Additions earned; plus
- The Loyalty Addition; less
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| Death Benefit - In the unfortunate event of death of the life insured, the nominee shall receive |
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- Sum Assured will be paid to the nominee immediately;
- Future premiums will be waived and the policy continues until maturity. On maturity, your child will be entitled to maturity benefits. This ensures that even in your absence your child's future is assured;
- All Bachat Additions and Loyalty Addition will continue as if all MBPs are paid when due.
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| Surrender Benefit -Once 36 MBPs have been paid, you may surrender your policy and receive |
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- All Monthly Base Premiums paid from the 2nd year onwards x the surrender factor below; plus
- After the 10th policy year, all Bachat Additions earned; plus
- After the 15th policy year, the Loyalty Addition earned
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| The surrender factor is 100% after completing 10 policy years, otherwise it is |
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| Policy Year of Surrender |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10+ |
| Surrender Factor |
30% |
40% |
50% |
60% |
70% |
80% |
90% |
100% |
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| Accidental Death Benefit - Optional Rider for Entry Ages 18 to 50 |
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| For an extra 1.2% of MBP additional Sum Assured is paid in case of accidental death. |
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- Extra 180 x MBP payable in case death is accidental for entry ages 18 to 40.
- Extra 120 x MBP payable in case death is accidental for entry ages 41 to 50.
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| Policy |
Base Premium |
Bachat Addition |
Loyalty |
Total Addition |
Surrender Benefit |
| Year |
Annual |
Paid |
Earned |
Payable |
Addition |
payable on
Surrender |
Gtd |
Total |
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[a] |
[b] |
[c] |
[d] |
[e] |
[f] |
[g] |
[h] |
| 1 |
6,000 |
6,000 |
300 |
--- |
--- |
--- |
--- |
--- |
| 2 |
6,000 |
12,000 |
600 |
--- |
--- |
--- |
--- |
--- |
| 3 |
6,000 |
18,000 |
900 |
--- |
--- |
--- |
3,600 |
3,600 |
| 4 |
6,000 |
24,000 |
1,200 |
--- |
--- |
--- |
7,200 |
7,200 |
| 5 |
6,000 |
30,000 |
1,500 |
--- |
--- |
--- |
12,000 |
12,000 |
| 6 |
6,000 |
36,000 |
1,800 |
--- |
--- |
--- |
18,000 |
18,000 |
| 7 |
6,000 |
42,000 |
2,100 |
--- |
--- |
--- |
25,200 |
25,200 |
| 8 |
6,000 |
48,000 |
2,400 |
--- |
--- |
--- |
33,600 |
33,600 |
| 9 |
6,000 |
54,000 |
2,700 |
--- |
--- |
--- |
43,200 |
43,200 |
| 10 |
6,000 |
60,000 |
3,000 |
16,500 |
-- |
16,500 |
54,000 |
70,500 |
| 11 |
6,000 |
66,000 |
3,300 |
19,800 |
--- |
19,800 |
60,000 |
79,800 |
| 12 |
6,000 |
72,000 |
3,600 |
23,400 |
--- |
23,400 |
66,000 |
89,400 |
| 13 |
6,000 |
78,000 |
3,900 |
27,300 |
--- |
27,300 |
72,000 |
99,300 |
| 14 |
6,000 |
84,000 |
4,200 |
31,500 |
--- |
31,500 |
78,000 |
109,500 |
| 15 |
6,000 |
90,000 |
4,500 |
36,000 |
10,800 |
46,800 |
84,000 |
130,800 |
| 16 |
6,000 |
96,000 |
4,800 |
40,800 |
13,872 |
54,672 |
90,000 |
144,672 |
| 17 |
6,000 |
102,000 |
5,100 |
45,900 |
17,557 |
63,457 |
96,000 |
159,457 |
| 18 |
6,000 |
108,000 |
5,400 |
51,300 |
21,931 |
73,231 |
102,000 |
175,231 |
| 19 |
6,000 |
114,000 |
5,700 |
57,000 |
27,075 |
84,075 |
108,000 |
192,075 |
| 20 |
6,000 |
120,000 |
6,000 |
63,000 |
33,075 |
96,075 |
120,000 |
216,075 |
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| Notes : |
[a] = MBP x 12.
[b] = MBP's paid to date or sum of [a] to date.
[c] = [b] x Bachat Addition Rate of 5.00%.
[d] = After 10 years, sum of
[c] to date.
[e] = After 15 years, [d] x ratio of [d] over 240 x MBP.
[f] = [d] + [e].
[g] = Surrender Factor x [b] less MBP's paid in first year. 100% x [b] in 20th policy year.
[h] = [g] + [f] |
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| Plan Summary |
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| Entry Age - Grand / Parent - Child |
18 - 50 years - 30 days to 17 years |
| Policy Term |
20 years |
| Premium Pay Term |
20 years |
| Monthly Base Premium |
Rs. 400 - Rs. 3,000 |
| Sum Assured |
Up to 180 times Monthly Base Premium |
| Premium Payment Frequency |
Annual, Semi-annual, Quarterly and Monthly |
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| Entry Age |
13 to 40 |
41 to 50 |
| Sum Assured |
180 x MBP |
120 x MBP |
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| With BSLI Bachat (Child) Plan, by saving as little as Rs. 400 per month. you can build a corpus through regular systematic savings and secure your child's future under all circumstances |
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| Surrender Benefit details: |
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| Assuming that premiums are paid annually, and earn 4% rebate, here are the surrender benefits under different premium bands. |
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| Band |
I |
II |
III |
| MBP Range (in Rs.) |
400 to 599 |
600 to 899 |
900 + |
| Bachat Addition Rate |
5.00% |
5.25% |
5.50% |
| MBP chosen by you |
500 |
750 |
1,000 |
| MBP x 12 |
6,000 |
9,000 |
12,000 |
| Surrender Benefit |
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| After 10 years |
70,500 |
106,988 |
144,300 |
| After 15 years |
130,800 |
200,561 |
273,336 |
| After 20 years |
216,075 |
333,923 |
458,642 |
| Entry Age (years) |
18-40 |
41-50 |
18-40 |
41-50 |
18-40 |
41-50 |
| Annual Premium paid by you |
5,990 |
6,336 |
8986 |
9,504 |
11,981 |
12,672 |
| Surrender Benefit / Total Premiums Paid |
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| After 10 years |
118% |
111% |
119% |
113% |
120% |
114% |
| After 15 years |
146% |
138% |
149% |
141% |
152% |
144% |
| After 20 years |
180% |
171% |
186% |
176% |
191% |
181% |
| Equivalent Bachat Addition Rate |
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| After 10 years |
3.22% |
2.05% |
3.47% |
2.29% |
3.72% |
2.52% |
| After 15 years |
5.70% |
4.70% |
6.10% |
5.09% |
6.51% |
5.48% |
| After 20 years |
7.65% |
6.72% |
8.17% |
7.21% |
8.71% |
7.71% |
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| Disclaimers |
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Insurance is the subject matter of the solicitation. This is a non-participating traditional insurance savings plan. All terms & conditions are guaranteed throughout the policy term except for the Bachat Addition Rate which will vary from year to year and be declared by BSLI on April 1st of every calendar year. For more details refer to product brochure. Tax benefits are subject to changes in tax laws. Regd. Office: One Indiabulls Centre, Tower 1, 15th & 16th floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. Reg No. 109 Unique No.: 109N58V01 TRA / 7 / 10-11 / 4065 Version No.: VER 1/July/2010
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| UIN No. - 109N58V01 |
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| Access your account details by Login as |
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Policy Owner /
Group Owner /
Group Member
Insurance Advisor /
Channel Partner /
Corporate Agent /
Business Mentor /
Broker /
TDP Relationship Manager
Agency Manager /
Business Dev Manager /
Business Partner
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| Customer Support |
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| Toll Free |
1-800-270-7000 |
| SMS |
BSLI to 56161 |
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