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BSLI Vision Endowment Plan enables you to secure your savings and provide a comprehensive financial protection for your loved ones. It offers elevation in your savings with accrued bonuses from the first policy year onwards and protect your family’s financially. With return of premium along with accrued bonuses on maturity, this plan offers you the best.The plan offers life cover along with the growth of your savings.BUY NOW
In case of the unfortunate event of the death of the life insured during the policy term, the death benefit payable to the nominee shall be Sum Assured on Death; plus Accrued Bonuses as of date of death; plus Terminal Bonus (if any). Sum Assured on Death is maximum of Sum Assured or Maturity Sum Assured or 10 times the annual premium payable or 105% of total premiums paid excluding Tax & Cess, any applicable rider premiums and underwriting extras, if any.
Accidental Death Benefit
In the event of accidental death during the tenure of the policy( provided the life assured is aged 18 years & above on the date of death), an additional sum assured is payable apart from the death benefit mentioned above as per the policy terms and conditions.
In the event the life insured survives to the end of the policy term, the company shall pay to the policyholder the aggregate of the following benefits:
The policy shall be terminated thereafter.
The plan is eligible for the bonuses declared by the company. Bonuses once attached to the policy are payable on death, surrender or maturity as may be applicable.A Terminal Bonus may be added to a policy which depends on the actual future experience it is not a guaranteed benefit.
Loan facility is available under this plan. The minimum loan amount is Rs.5,000 and the maximum is 85% of your surrender value.
Guaranteed surrender value (GSV) plus the surrender value of the bonuses, which is a percentage of accrued bonuses is payable if at least three full years premiums have been paid. The GSV shall be a percentage of total premiums paid.
The plan offers tax benefits under section 80C and section 10 (10D) of the Income Tax Act, 1961.
|Age (as on last birthday)||1 Year||55 Years|
|Age at Maturity||18 Years||75 Years|
|Policy Tenure||20 Years||20 Years|
|Premium Paying Term||7/10 Years||-|
|Premium Paying Mode||Annually,Semi Annually And Monthly||-|
|Premium Amount||Rs 10,000||No Limit|
|Sum Assured||Rs 1,00,000||No Limit (Subject 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 BSLI Waiver of Premium rider on the payment of an additional cost.
Let us understand the plan with the case study of Shravan:
Objective: Shravan wants to secure his family's financial future should anything unfortunate were to happen to him. He wants to secure his family's financial future with an investment solutions that also offers returns on his investment.