Life is full of uncertainties and seldom turns out the way one expects it to be. We all look for security; whether it is for our family's future or for our savings. Given a choice, we would leave nothing to chance when it comes to fulfilling goals and securing family's well-being.
Presenting, the BSLI Savings Plan. It not only helps you save money regularly but also enables its steady growth over time. With this plan, you and your loved ones gain peace of mind and the potential of a secure financial future to meet your financial needs.
Let's understand this plan with the help of an illustration
Sachin is a healthy 35 years old engineer. He wants to secure his family's financial future if anything unfortunate happens to him. He chooses to secure his life for a 20 year term with BSLI Savings Plan. Based on his life stage, his premium per year is set at 7,492. Total Maturity Benefit he can expect at the end of a 20 year term at 8%(1) will be 2,34,000 or 190,000 at 4%(1) scenario. Plus, he can expect Guaranteed Additions which are up to 20,000 from the 5 year onwards. He can also expect Guaranteed Benefit of 1,20,000 at the end of the policy term. In case of Sachin's untimely demise, the Death Benefit his family can expect will be 234,000@8% or @4% it will be 190,000. The Estimated Bonuses the policy will earn are of 114,000 @8% or 70,000 @4% scenario.
Note :(1)Please note that the illustration is based on 4% or 8% rate of return. The rate of returns mentioned above are bound to change in future. These assumed rates of return shown in the illustration above are not guaranteed and they are not upper or lower limits of what you might get back, as value of your policy is dependent on number of factors including future investment performance.
How to apply?
||Choose the Sum Assured*|
||Decide the policy term.|
||Choose the premium payment term |
*This is the guaranteed Sum Assured on death and maturity.
|Sum Assured Band
|Sum Assured (Rs.)
||30,000 to 49,999
||50,000 to 149,999
||150,000 to 1,000,000|
Quick View :
|Entry Age (age on last birthday)
||18 – 50 years|
||10, 15, 20 years|
|Premium Paying Term
|For policy term 10 years: Regular pay|
|For policy term 15 years: 10 years | Regular pay|
|For policy term 20 years: 10 years |15 years | Regular pay|
|Minimum Sum Assured
|Maximum Sum Assured
||Annual, Semi-annual, Quarterly, Monthly|
(All modes except Annual allowed through ECS only)
This is a traditional participating endowment plan. All terms and conditions are guaranteed throughout the policy term, except for the bonuses which
would be declared at the end of each financial year. 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. For details on risk factors, terms and conditions, please read the sales brochure carefully
before concluding the sale. Tax benefits are subject to changes in the tax laws.Some benefits are guaranteed and some benefits are variable with
returns based on the future performance of the company (BSLI). If your policy offers guaranteed returns then these will be clearly marked
"guaranteed" in the illustration table on this page. If your policy offers variable returns then the illustrations on this page will show two different rates
of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might
get back as the value of your policy is dependent on a number of factors including future investment performance. Birla Sun Life Insurance Company
Limited, One Indiabulls Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841 Senapati Bapat Marg, Elphinstone Road, Mumbai – 400013.
CIN: U99999MH2000PLC128110 Reg.no.109. ADV/4/17-18/112 VER1/APR/2017
|IRDAI clarifies to 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.
Unique No. 109N088V01