Today you are young and you don't have as many responsibilities. Even then you
don't know where the money goes as your desires are increasing and you want to
lead a good lifestyle and fulfil your desires. But, tomorrow as your responsibilities
and life's uncertainties increase, you and your family should not have to sacrifice
this lifestyle that you are enjoying today. So, if you start saving small amounts in a
disciplined manner today, not only will you accumulate enough tax-free savings for
a secure future but also protect yourself from life's uncertainties.
(Under Section 80C and Section 10(10D) of the Income Tax Act, 1961)
Let's understand this plan with the help of an illustration.
Prakash is a 30 year old healthy male. He wants to ensure that he and his family do not have to
sacrifice the lifestyle that they are enjoying today. Therefore, he starts saving in a disciplined
He chooses to secure his life for a 30 year term with BSLI Vision LifeSecure Plan. Based on
his life stage, his premium per year is set at Rs. 28,326.
If Prakash survives till the end of the policy term, he can expect a guaranteed maturity
amount of Rs. 775,000 plus accrued bonus amount of Rs.1,62,750 (at the rate 4% p.a.) or Rs.14,76,375 (at the rate of 8%p.a.) at the end of 30 years. The policy continues even after the Maturity Benefit is paid.
In the unfortunate event of his death during the policy term, his family can expect the Guaranteed
Death Benefit along with the accrued regular bonuses as on date of death and the terminal
bonus (If any).
1Subject to a minimum of 105% of total premiums paid to date (excluding Service Tax & Cess, and underwriting extras, if any).
In the unfortunate event of his death after the policy term at any point of time before age 100,
his family can expect the death benefit of Rs.9,20,683.
Note - Illustration is assuming 8% and 4% return and in option A as mentioned above.These
assumed rates of return shown in the illustration above 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
Some benefits are guaranteed and some benefits are variable with bonuses based on the future performance of the participating business and economic conditions. 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 performance of the
participating business. In the illustration above, the Guaranteed Death Benefit and Guaranteed
Maturity Benefit are fully guaranteed; Total Death Benefit and Total Maturity Benefit are not
guaranteed and is determined using assumed future investment returns of 4% or 8% as set by
the Life Insurance Council.
How to apply?
||Choose the Sum Assured |
||Choose the policy term|
For ease of reference, the Sum Assured is banded as follows:
|Sum Assured Band
|Sum Assured (Rs.)
||200,000 to 399,999
||400,000 to 599,999
||600,000 to 799,999
Please refer the product brochure for details.
- Growth in your savings – Enhance your savings by regular bonuses throughout the
policy term starting from the first policy year
- Safety of your loved ones – Comprehensive financial protection to you and your
family up to age 100
* Risk commences from the first policy anniversary
|Entry Age (Age on last birthday)
||30 days* – 60 years|
||15 to 35 years|
||Attained age at the end of the policy term is 18 years or more|
||Attained age at the end of the policy term is 75 years or less|
|Premium Paying Term
|Minimum Sum Assured
||Rs. 12,000 p.a.|
||Annual, semi- annual, quarterly and monthly.|
For more details on the plan, please refer to our product brochure.
This policy is underwritten by Birla Sun Life Insurance Company Ltd. (BSLI).
This is a traditional participating whole life insurance 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. Some
benefits are guaranteed and some benefits are variable with bonuses based on the future performance of the participating business and economic
conditions. If your policy offers guaranteed returns then these will be clearly marked "guaranteed" in the illustration table. For more 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. Registered Office: One Indiabulls Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai -
400 013. Reg No. 109 ADV/7/17-18/629 VER2/JULY/2017
|IRDAI 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.
Unique No. 109N087V03