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BSLI Vision Endowment Plus Plan is a traditional participating life insurance plan which offers you to build a safe and secure financial future for your family.The plan offers secured savings and providing your loved ones comprehensive insurance protection for the policy term.The plan augments growth of your savings with accrued bonuses.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 the aggregate of:
Option A - Sum Assured on Death is a maximum of 100% of Sum Assured or Maturity Sum Assured (1) or 10 times the annual premium payable.
Option B - Sum Assured on Death is a maximum of 150% of Sum Assured or Maturity Sum Assured (1) or 10 times the annual premium payable
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)||30 Days||60 Years|
|Age at Maturity||18 Years||70 Years|
|Policy Tenure||10 Years||40 Years|
|Premium Paying Term||Limited Pay (7/10/15/20 Years) Or Same As Policy Term||-|
|Premium Paying Mode||Annually,Semi Annually, Quarterly And Monthly||-|
|Premium Amount||Rs 7,000 P.a||-|
|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 following riders under this plan:
Let us understand the plan with the case study of Ketan:
Objective: He wants to secure his family's financial future with an investment solution that also offers returns on his investment.
He can expect Rs. 4,05,085 as the total Maturity Benefit at the end of a 20 year term at 8% p.a and Rs. 222,585 at 4% p.a. He can also expect Guaranteed Maturity Benefit of Rs. 1,75,085 at the end of the policy term.
In case of Ketan's untimely demise, the total Death Benefit his family can expect will be Rs. 4,80,000 at 8% pa. And Rs. 297500 at 4% p.a.If he chooses the Death Benefit Option B, the premium he has to pay is Rs. 18,131.