BSLI Classic Life Plan

• Flexibility of directing your savings in 10 Investment Funds, as per risk appetite
• Choice of Pay Term
• Whole life cover
• Enhanced financial security for your loved ones

1. You select the Savings Date that suits your retirement goals.
2. You select the Basic Premium you want to pay every year.
3. You will receive Basic Sum Assured which is the minimum death benefit payable on the demise of the life insured. The Basic Sum Assured is automatically determined as your Basic Premium multiplied by:


• The higher of 10 or the number of years to attain age 70 divided by 2, for entry ages below 45; or
• The higher of 7 or the number of years to attain age 70 divided by 4, for entry ages 45 and above


4. You select the number of years you want to pay your premiums, and select your Pay Term from option of 5-Pay / 10-Pay / 15-Pay / 20-Pay / To Savings Date.
5. You have the option to choose Enhanced Sum Assured to increase the financial security for your loved ones. This increases your life cover over and above the Basic Sum Assured at a nominal cost.
6. You have the option to choose from our range of riders and customise the security of your family's financial future.

1. Death Benefit: In case of the unfortunate demise of the life insured while the policy is in effect, 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 demise 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 demise is reduced by all partial withdrawals made from age 58 onwards

In addition, the nominee will also receive the Enhanced Sum Assured, if any.


2. Enhanced Sum Assured: Based on your needs you can increase the life cover over and above the Basic Sum Assured by opting for the Enhanced Sum Assured at inception. You can choose any amount of Enhanced Sum Assured, subject to a minimum of Rs. 50,000 and not exceeding Basic Sum Assured.
3. Whole Life Cover: You enjoy a life cover for your entire life, ensuring the long term financial security for your loved ones.
4. 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.
5. 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, as long as all due policy premiums have been paid. The minimum top-up premium is Rs. 5,000 and your Basic Sum Assured will automatically increased. For more details refer to our brochure.
6. Guaranteed Additions: Your policy enjoys a boost in the form of additional units. For more details on the guaranteed additions, please contact your financial advisors or refer to our brochure.
7. Partial Withdrawals: You can make unlimited partial withdrawals to meet any financial emergencies any time after 5 policy years. The minimum amount of partial withdrawal is Rs. 5,000. There is no maximum limit, but you are required to maintain a minimum Fund Value of Rs. 25,000 plus any top-up premiums paid in the previous five years.
8. Policy Loans: You can also avail loans on your policy.

• Choose from our range of 10 Investment Funds, to suit your risk appetite
• Allocate your savings in the proportion of your choice
• Change your allocations as per your changing requirements