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BSLI Vision Money Back Plus Plan

What is the Plan all About?

BSLI Vision Money Back plus plan is the traditional participating plan for attaining a secured form of saving, regular liquidity and a protection for life.The plan offers lump sum payouts during the policy term on regular intervals to meet the financial requirements.


What are the Key Features?

  • Regular payout offering guarantees liquidity
  • Safety for your loved ones
  • Flexibility to pay premiums
  • Pay for limited premium term
  • Accrued regular bonuses payable on maturity
  • Get Tax Benefit under prevailing tax laws

What are the Plan Benefits?

Death Benefit

    In case of the unfortunate event of death of the life insured during the policy term, your nominee will get the reduced sum assured on death plus accrued regular bonuses.

Guaranteed Survival Benefit

    During the policy term, every 4th or 5th policy anniversary, as opted by the policyholder, the policyholder is liable to receive the Guaranteed Survival Benefits as a pre-defined percentage of the Reduced Sum Assured. There will be no provision to take the Guaranteed Survival Benefit later under Reduced Paid-up policy.

Maturity Benefit

    In the event the life insured survives the policy term, the plan will give back Accrued bonuses till date; plus Terminal bonus (if any) and policy ceases thereafter.


    The company will declare simple reversionary bonuses regularly at the end of each financial year and these will be added to your policy on its policy anniversary. The company will also pay a terminal bonus on maturity, surrender or death.

Loan Benefit

    The minimum loan amount amount is Rs 5,000 and the maximum is 85% of your Surrender Value.

Surrender Value

    The surrender value payable will be greater of the Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV) provided 2 full years’ premiums have been paid.

Tax Benefit

    The plan helps in getting tax benefits under section 80C  and section 10 (10D) of the Income Tax Act,1961.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 13 Years 45 Years
Age at Maturity 23 Years 70 Years
Policy Tenure 20/24 Years 25 Years
Premium Paying Term 10 Years 12 Years
Premium Paying Mode Annually/Semi Annually/Quarterly/monthly -
Sum Assured 1 Lac No Limit
Freelook Period 15 Days /30 Days (for Distance Marketing Channel) From The Receipt Of The Policy -
Grace Period 30 Days -
Plan Type Offline -

Is any Rider Available with this Plan?

The following riders can be availed with this plan:

  • BSLI Accidental Death and Disability Rider
  • BSLI Critical Illness Rider
  • BSLI Surgical Care Rider
  • BSLI Hospital Care Rider
  • BSLI Waiver of Premium Rider
  • BSLI Accidental Death Benefit Rider Plus

How the Plan Works?

Let us understand the plan with an example:

Entry Age : 35 years
Annual Premium : `26,225
Gender : Male
Premium Paying Term : 10 years
Policy Term : 20 years Payment
Frequency : Yearly
Sum Assured : `2,50,000
Survival Benefits : 5 years

BSLI Vision Money Back Plus Plan

BSLI Vision Money Back Plus Plan 1