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.

Bonus

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