Benefits of Vision LifeSecure Plan
In the event the life insured survives till the end of the policy term,
the policyholder shall be paid Sum Assured, plus accrued regular bonuses, plus Terminal
Bonus (if any). The policy continues even after the Maturity Benefit is paid.
In the unfortunate event of death of the life insured during the policy term, the nominee shall receive the Guaranteed Death Benefit; plus accrued regular bonuses as on date of death; plus Terminal Bonus, (if any). In case of death during this period or survival to the age of 100 years, if earlier, the Guaranteed Death Benefit1 shall be payable. Guaranteed Death Benefit is the Sum Assured or 10 times the annual premium payable, whichever is higher. If the life insured is different from the policyholder, we shall pay the above death benefit to the policyholder and the policy shall be terminated once the death benefit is paid.
1Subject to a minimum of 105% of total premiums paid to date (excluding Service Tax & Cess, any applicable rider, and underwriting extras, if any)
For added protection, you can enhance your insurance coverage during the policy term by adding the following riders for a nominal extra cost.
Please refer to detailed brochures on riders, consult your financial advisor or visit our website for further details.
- 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)
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 will continue on a Reduced Paid-up basis.
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 fulfilment of the other conditions of the
respective sections prescribed therein.
You are advised to consult your tax advisor for details.
For more details on the abovementioned benefits, please refer to the product brochure.
Risk factors and disclaimers
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. 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/12/16-17/10401 VER2/DEC/2016
Unique No. 109N087V02