BirlaSunlife




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Key Benefits





Detailed Benefits
BSLI SecurePlus Plan:

- Flexibility to choose the amount you wish to pay every year
- Flexibility to choose the Income Benefits
Option A - if you want to receive Income Benefit equal to 100% to 600% of Annual Premium for 6 years
Option B - if you want to receive Income Benefit equal to 200% of Annual Premium for 12 years
- Inbuilt Accidental Death Benefit
- Enhance your insurance with appropriate rider options



Your Choices:

STEP 1
Choose your premium
BSLI SecurePlus Plan offers you the freedom to choose the amount of premium you commit to pay during the premium paying term. Your Sum Assured will be determined based on your entry age and the premium amount you commit to pay in a policy year.

STEP 2
Choose your Income Benefit Option
BSLI SecurePlus Plan offers you the flexibility to choose between two Income Benefit Options to suit your requirements.
Income Benefit Option A - Income benefit equal to 100%, 200%, 300%, 400%, 500% & 600% of annual premium will be paid at the end of every year during the Payment Period for 6 years.
Income Benefit Option B - Income Benefit equal to 200% of annual premium will be paid at the end of every year during the Payment Period for 12 years.
Income Benefits:

After the completion of the policy term, you will start receiving Income Benefit payouts at the end of each year during the Payment Period which are fully guaranteed. These payouts are pre defined percentage of the annual premium (excluding service tax and cess, any applicable rider premiums and underwriting extras, if any) paid by you. Depending on your perceived need for a increasing or a level payout, you can choose one of the following options at inception to receive the Income Benefit payouts

- For Income Benefit Option A - Receive income increasing from 100% to 600% of annual premium at the end of each year as per the table shown below



- For Income Benefit Option B - Receive income of 200% of annual premium at the end of each year as per the table shown below



In case you would like to get a lump sum instead of the income benefit, a commuted value of the outstanding Income Benefit shall be paid as lump sum. To know the commuted value for your policy you can get in touch with your advisor, or the nearest Branch Office.
Death Benefits:

In case of the unfortunate demise of the life insured during the policy term, the sum assured on death will be paid to the nominee. However, if life insured is different from the policyholder, the policyholder will receive the death benefits.
The policy shall be terminated once the Death Benefit is paid.

Sum Assured on death will be higher of:
- 10 times of the annual premium (excluding service tax and cess, any applicable rider premiums and underwriting extras, if any); or
- 105% of the total premiums paid as on the date of death (excluding service tax and cess, any applicable rider premiums and underwriting extras, if any); or
- Maturity Sum Assured**; or
- Sum Assured

**where Maturity Sum Assured is the commuted value of outstanding Income Benefit on maturity date.
In case where the death of the Life Insured takes place before the Life Insured attains age of 18 years, 2% of the annual premium (excluding service tax and cess, any applicable rider premiums and underwriting extras, if any) shall be payable as an additional benefit on death in minority or on payment of first instalment of the income benefit, whichever is earlier.
In the event life insured dies due to an accident during the policy term after attaining age of 18 years; we shall pay an additional Sum Assured to the nominee as an Accidental Death Benefit, subject to a maximum limit of Rs. 1 crore. Please refer to the Accidental Death Benefit exclusions section mentioned below for further details.
In case of the unfortunate demise of the life insured during the Payment Period, the nominee would continue receiving the Income Benefit as per the benefit option chosen till the end of Payment Period.
Maturity Benefits:

On maturity date, you can choose to receive the commuted value of the Income Benefit as a lumpsum. The commuted value currently shall be calculated using a discounting rate of 9.00% per annum. This discounting rate is not guaranteed and is subject to change in future with prior IRDAI approval. Once the maturity benefit is paid, the policy shall be terminated. No Income Benefit shall be payable thereafter.
To know the commuted value for your policy you can get in touch with your advisor, or the nearest Branch Office.


Customisable Benefits :

For added protection, you can enhance your insurance coverage during the policy term by adding following riders for a nominal extra cost.
- BSLI Critical Illness Rider (UIN: 109B019V03)
- BSLI Surgical Care Rider (UIN: 109B015V03)
- BSLI Hospital Care Rider (UIN: 109B016V03)
- BSLI Waiver of Premium Rider (UIN: 109B017V02)
Please refer to detailed brochures on riders, consult your financial advisor or visit our website for further details.
Reduced Paid-Up Benefits:

If you discontinue paying premiums after having paid premiums for at least three full years, your policy will not lapse but continue on a Reduced Paid-Up basis. Under Reduced Paid-Up, Sum Assured on Death, Maturity Sum Assured, Accidental Death Benefit, Income Benefit and additional benefit on death (applicable on minor lives) shall be reduced in proportion to the premiums actually paid to the total premiums payable during the policy term. Rider Benefit, if any will cease.
Once the policy has become Reduced Paid-Up, the benefits payable in the "Your Benefits" section are amended as follows:

- Death Benefit:
In the unfortunate event of the death of the life insured during the policy term, we shall pay Reduced Sum Assured on Death to the nominee.
In case where the death of the Life Insured takes place before the Life Insured attains age of 18 years, we shall pay reduced additional benefit on death.
In the unfortunate event of the death of the life insured during the Payment Period, we shall continue to pay Reduced Income Benefit to the nominee.

- Accidental Death Benefit:
In the unfortunate event of the death of the life insured due to an accident during the policy term, we shall pay Reduced Accidental Death Benefit to the nominee.

- Income Benefit:
You will receive Reduced Income Benefit payouts depending on the option selected by you. In case you would like to get a lump sum instead of the income benefit payout, a commuted value of the outstanding Income Benefit shall be paid as lump sum. To know the commuted value for your policy you can get in touch with your advisor, or the nearest Branch Office.

- Maturity Benefit:
On maturity date, you can choose to receive commuted value of the Reduced Income Benefit payouts. Once the Reduced Maturity Benefit is paid, the policy shall be terminated. No Reduced Income Benefit shall be payable thereafter.

- Surrendering your Policy:
Your policy will acquire a surrender value after all due premiums for at least three full policy years are paid. The Guaranteed Surrender Value shall be a percentage of premiums paid. (excluding service tax and cess, any applicable rider premiums and underwriting extras, if any)

- Service Tax, Income Tax and Cess:
Service Tax and other levies, as applicable, will be extra and levied as per the extant tax laws.

- Current Tax Benefits:
As per extant tax laws, this plan offers tax benefits under Section 80C, 80D and Section 10(10D) of the Income Tax Act, 1961, subject to fulfillment of the other conditions of the respective sections prescribed therein. Tax benefits are subject to changes in the tax laws.
As per the current provision of Section 194DA of the Act; the policy proceeds are subject to TDS if conditions prescribed under Section 10(10D) are not met. You are advised to consult your tax advisor for details.
Disclaimer:

This policy is underwritten by Birla Sun Life Insurance Company Limited (BSLI). This is a non-participating traditional term insurance plan. All terms & conditions are guaranteed throughout the policy term. Service Tax and Cess and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. For more details on risk factors, terms and conditions, please refer to the brochure before concluding the sale. Tax benefits are subject to changes in the tax laws. For more details and clarification, call your BSLI Insurance Advisor or visit our website.

Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Req. No. 109 I CIN: U99999MH2000PLC128110. ADV/3/16-17/10960| Unique No. 109N102V01

IRDAI hereby clarifies to the public that
- IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
- IRDAI does not announce any bonus.
- Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.