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Important: As per Finance Act 2016, from 01st June 2016, due to introduction of Krishi Kalyan Cess @ 0.5%, service tax rates has been revised . Consequently, for unit linked plans, the additional service tax will be deducted in the form of units. For non-linked plans, there will be an increase in the policy premium amount.   Click here  to know more.
BSLI Income Assured Plan is a traditional non-participating savings with protection plan. With assured income benefits payable from the end of the premium-paying term till maturity and life insurance benefit, this Plan offers you the perfect blend of monthly income with financial security for your family.

 

Your Benefits
 
  • Assured Income Benefit: In the event of the Life Insured surviving to the end of the Premium-Paying Term, the Life Insured will receive:

    • Option A: Assured Income of 8.0% of Sum Assured per annum payable monthly after the premium-paying term till maturity of the policy
    • Option B: Accumulate the Assured Income and receive as a lump sum at the end of policy term. The accrued Assured Income will be increased to 130% (for policy terms of 15, 17 and 20 years) and 150% (for policy terms of 22 and 25 years)

  • Guaranteed Additions: Guaranteed Additions will be added to your policy at the beginning of each quarter after the completion of the premium payment term, until policy maturity date.The quarterly Guaranteed Addition rate will be 1/4th of the per annum rate. The Guaranteed Additions per annum as a percentage of Sum Assured for the various premium paying terms are given below:

    Premium-Paying Term Guaranteed Additions
    5 years 7%
    7 years 8.5%
    10 years 10%

  • Death Benefit: In the unfortunate event of death of the life insured during the policy term, the death benefit payable to the nominee shall be :
    • Sum Assured1 on death; plus
    • Guaranteed Additions accrued to date of death

    In addition, we will also pay the increased accrued Assured Income (if opted for).

    Sum Assured1 on Death is highest of:
    • Sum Assured as absolute amount to be paid on death; or
    • 10 times of the annual premium (excluding applicable taxes, any applicable rider premiums and underwriting extras, if any); or
    • 105% of total premiums paid up to date of death (excluding applicable taxes, any applicable rider premiums and underwriting extras, if any); or
    • Maturity Sum Assured
    The Maturity Sum Assured is the Sum Assured under this plan.

    If the life insured is different from the policyholder, we shall pay the above death benefit to the policyholder. The policy shall be terminated once the death benefit is paid.

  • Maturity Benefit: In the event that the life insured survives to the end of the policy term, you will receive:

    • Sum Assured; plus
    • Guaranteed Additions accrued to date

    In addition, we will also pay the increased accrued Assured Income (if opted for).

  • Tax Benefits: As per extant tax laws, this plan offers tax benefits under Section 80C 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 tax laws. You are advised to consult your tax advisor for more details.

  • Additional Insurance Benefits: Furthermore, you can enhance your insurance coverage by adding the following riders for a nominal extra cost.

    • BSLI Accidental Death and Disability Rider (UIN: 109B018V03)
    • BSLI Critical Illness Rider (UIN: 109B019V03)
    • BSLI Surgical Care Rider (UIN: 109B015V03)
    • BSLI Hospital Care Rider (UIN: 109B016V03)
    • BSLI Waiver of Premium (UIN: 109B017V02)
    • BSLI Accidental Death Benefit Rider Plus (UIN:109B023V01)

You can only opt for either BSLI Accidental Death and Disability Rider or BSLI Accidental Death Benefit Rider Plus

Please refer to detailed brochures on riders, consult your financial advisor or visit our website for further details.

 


 
Disclaimer
This policy is underwritten by Birla Sun Life Insurance Company Limited (BSLI). This is a traditional non-participating savings plan. All terms and conditions are guaranteed throughout the policy term. 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. The insurance cover for the life insured will commence on the policy issue date. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding the sales. Tax benefits are subject to changes in the tax laws. Registered Office: One Indiabulls Centre,Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. Reg No. 109 CIN: U99999MH2000PLC128110 UIN: 109N089V03 ADV/3/16-17/10880 VER2/MAR/2017
Unique No. 109N089V03
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For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale.

Trade Logo displayed above belongs to SUN LIFE ASSURANCE COMPANY OF CANADA and ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED and used by BIRLA SUN LIFE INSURANCE COMPANY LIMITED as per terms and conditions of license Agreement.

Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. CIN: U99999MH2000PLC128110 Registration No. 109.

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