|
|
 |
| |
BSLI Immediate Income Plan
|
| |
Through your working years you work hard and save money to ensure that you can lead a comfortable life when you retire. When you retire, your regular source of income stops, your expenses don’t. With increasing life expectancy and rising medical costs, the need to have an alternate income after retirement has become very important.
On retiring you would receive a lump sum amount from your employers like the Employee Provident Fund or other forms of savings that you have been doing. You require a financial planning tool that can allow you to club your other savings and these lump sum payouts which you can convert into a regular income plan.
Presenting the BSLI Immediate Income Plan that puts your savings into an annuity to give you a regular income in your retirement years.
BSLI Immediate Income Plan is a traditional, non-participating, single premium annuity plan with return of purchase price. |
| |
| How does the Plan Work |
| |
Step 1: Decide the amount of premium (lump sum amount) you want to pay to purchase the annuity depending on the amount of regular income you wish to receive. This annuity payment is guaranteed for life and depends on the annuity rates prevailing at the time of the purchase of the annuity
Step 2: Choose your annuity payout options from monthly, quarterly, semi annual or annual modes.
Step 3: Choose how would like to receive your annuity from either post dated cheques or through direct credit to your bank account. |
| |
| This plan is meant for you, if |
| |
- Your age is at least 50 years and a maximum of 90 years
- You are able to purchase the annuity such that you can get a regular income of Rs.1,000, Rs.3,000, Rs.6,000 or Rs.12,000 for monthly, quarterly, semi-annual and annual mode of annuity payment respectively. There is no maximum limit on the purchase price
|
| |
| Key Features of the BSLI Immediate Income Plan |
| |
- BSLI Immediate Income plan gives you a guaranteed income over your entire life
- In case of unfortunate death of annuitant, 100% of the annuity purchase price (i.e. single premium) will be paid to the nominee
- This plan offers convenient annuity payout options - monthly, quarterly, semi-annually and annually from date of purchase
- You do not have to go through any medical tests to purchase this plan
- You will be eligible for tax benefits under Section 80CCC of the Income Tax Act, 1961
|
| |
| |
| Disclaimers |
|
BSLI Immediate Income Plan is a long-term financial vehicle designed for retirement purpose,by Birla Sun Life Insurance Company Limited (BSLI). This is a non- participating non linked traditional annuity plan. BSLI reserves the right to recover levies such as the Service Tax levied by the authorities on insurance transactions. If there be any additional levies, they too will be recovered from you. This brochure contains the salient features of the plan. For further details please refer to the policy contract. Tax benefits are subject to changes in the tax laws. Annuity payouts are taxable as per extant tax laws.Insurance is the subject matter of the solicitation.
|
| |
| UIN No. - 109N053V01 |
| |
| |
| |
|
|
| Access your account details by Login as |
|
| |
|
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
|
Keep An Eye On The Earning Yield Of Equity Vs Bonds
Indian Express, 3rd October, 2011 |
The Way Forward For Insurance
Hindu Business Line, 2nd October, 2011 |
Overcome the fear of risk
Hindu Business Line, 4 July, 2011 |
Opening Up Bank Channel Won't Increase Misselling
Business Standard, 29 June, 2011 |
Triggers That Can Drive Market
Financial Cronical, 6 June, 2011 |
Mid-Cap Stocks, Which Are Larger-Caps Of Tomorrow, Present Good Opportunities
Financial Cronical, 6 June, 2011 |
Look At Value Investing To Maximise Your Returns
Indian Express, 23 May, 2011 |
Birla Sun Life expecting profit for the first time
Financial Cronical, 16 May, 2011 |
We are close to the peak of interest rate and inflation cycle
DNA Money, 16 May, 2011 |
IT Sector Looks Rightly Poised, But The Upside Looks Limited
Mint, 28th April, 2011 |
Consumer Durables, Banks To Gain From India Growth
The Economic Times, 18th April, 2011 |
What to Expect From Guaranteed - NAV Ulips?
The Economic Times, 13th April, 2011 |
How Much Insurance Do You Really Need?
Financial Chronicle, 13th April, 2011 |
Emerging Markets Have Been More Resilient
Mint, 24th March, 2011 |
Need To Ensure Fund Flows From Multiple Sources
The Financial Express, 23rd Febraury, 2011 |
Year 2011 By Vikram Kotak
4th Febraury, 2011 |
Huge potential in untapped market
3rd January, 2011 |
5 Reasons St Will See Consolidation, Even Correction For 6 Months
20th December, 2010 |
Stay Protected and Create Wealth With A Ulip
8th December, 2010 |
Sensex reaching 20,000 in FY08
25th October, 2010 |
| For other News... |
|
|