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BSLI Secure Plus Plan is a traditional, non-participating endowment plan. BSLI SecurePlus Plan provides you a backup income option which guarantees you peace of mind in times of need to fulfill the aspirations and dreams of your loved ones.BSLI SecurePlus Plan understands the importance of such needs and helps you accomplish them with a second income along with providing a life cover for the opted tenure.BUY NOW
After the completion of the policy term,the policyholder will start receiving the income benefit proceeds as per the chosen option at the end of each year as a percentage of the annual premium.
Income Benefit Option A: Get increasing income from 100% to 600% of the annual premium (AP) annually.
Income Benefit Option B: Get level income of 200% of the annual premium (AP) annually.
The life insured may also get a lump sum amount instead of the income benefit. In that case a commuted value of the outstanding Income Benefit shall be paid as a lump sum to the life insured.
In case of the unfortunate event of the death of the life insured during the policy term, the death benefit payable to the nominee is the death sum assured which is higher of:
Guaranteed Death Benefit is the higher of the Sum Assured or 10 times the annual premium payable throughout the premium paying term.
Accidental Death Benefit
In the event of accidental death during the tenure of the policy the company will pay reduced accidental death benefit.
On the completion of the policy term, the life insured may choose to receive the commuted value of the Income Benefit as a lump sum or continue with the income benefit only.
The plan is not eligible for the bonuses as it is a non-participating life insurance plan.
Loan facility is available under this plan. The minimum loan amount is Rs.5,000 and the maximum is 85% of your surrender value.
In the event of surrender, the Guaranteed Surrender Value shall be payable a percentage of premiums paid (excluding service tax and cess, any applicable rider premiums and underwriting extras, if any). The Guaranteed Surrender Value will vary depending on the year of surrender.
The plan offers tax benefits under section 80C and section 10 (10D) of the Income Tax Act, 1961.
|Age (as on last birthday)||5 Years||50 Years|
|Age at Maturity||-||63 Years|
|Policy Tenure||13 Years||20 Years|
|Premium Paying Term||12 Years||-|
|Premium Paying Mode||Annually||-|
|Premium Amount||Rs 50,000||No Limit (Subj To Underwriting)|
|Sum Assured||Rs 7,25,000||No Limit (Subj To Underwriting)|
|Freelook Period||15 Days/ 30 Days (for Distance Marketing Channel) From The Receipt Of The Policy||-|
|Grace Period||30 Days & 15 Days (for Monthly Mode)||-|
This plan offers following riders:
Let us understand the plan with the case study of Mr. G Ningappa:
Objective: Ningappa dreams to provide for his family even in times of uncertainty. He wants to invest in such a plan that would give regular income to provide stability.A guarantee that the dreams of his family will be realized even if something happens to him Income that keep pace with the growing needs of his family
Benefits under the Policy: