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BSLI Vision LifeSecure Plan is a traditional participating whole life insurance plan that ensures steady growth of your savings over time. This plan also provides long-term financial security for your family. So, enjoy dual benefits and get the complete peace of mind.
Get QuotesIn the event of death of the life insured during the policy term, the Death Benefit is the sum of Guaranteed Death Benefit, Accrued regular bonuses (till the date of death), and Terminal Bonus.
If the life insured survives till end of the policy term, the insurance cover continues until 100 years of age. In the event of demise during the policy term or survival to age 100, the Guaranteed Death Benefit is payable.
Guaranteed Death Benefit is higher of 10 times the annual premium or Sum Assured, subject to a minimum of 105% of total premiums paid.
On survival of the life Insured till the end of the policy term, Sum Assured plus Accrued regular bonuses plus Terminal bonus is payable. This policy continues even after the payment of the maturity benefit.
Simple Reversionary Bonus is declared regularly at the end of each financial year and it is added to your policy on the policy anniversary. When attached to the policy, it is payable along with the interim bonuses on surrender, survival, or death, whichever is earlier. Future bonuses are non-guaranteed and it depends on the future profits of the participating business.
Terminal Bonus is payable on death or maturity, depends on the actual experience and the current economic condition.
The minimum loan amount you can obtain under this policy is Rs 5,000 and the maximum loan amount you can avail is up to 85% of the Surrender Value.
This policy acquires Surrender Value after paying at least three full policy years’ premium. Upon surrendering the policy, Special Surrender Value or Guaranteed Surrender Value, whichever is higher is payable.
This policy provides tax benefits under section 80C & 10 (10D) of the Income Tax Act, 1961.
| Factor | Minimum | Maximum |
| Age (as on last birthday) | 1 Year | 60 Years |
| Age at Maturity | 18 Years | 75 Years |
| Policy Tenure | 15 Years | 35 Years |
| Premium Paying Term | Equal To Policy Tenure | - |
| Premium Paying Mode | Annually, Semi Annually, Quarterly & Monthly | - |
| Premium Amount | Rs 12,000 (annually) | - |
| Sum Assured | Rs 2 Lacs | 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) | - |
| Plan Type | Offline | - |
Following riders can be opted, on payment of additional rider premium.
Raman at 35 years, wants to buy BSLI Vision LifeSecure Plan to gain control over savings with whole life protection. He opts the plan with the policy term of 25 years, Sum Assured is Rs 5,00,000 with the annual premium of Rs 25,094.
Scenario A: Raman Survives the Policy Term
If Mr. Raman survives till the maturity of the policy term, he receives Rs 5,00,000 plus Accrued regular bonuses plus Terminal bonus. The maturity benefit helps fulfill your financial objectives.
Scenario B: Raman dies during the Term of the Policy
In the event of demise of Mr. Raman during the policy term, the Death Benefit payable is higher of Guaranteed Death Benefit plus accrued regular bonuses plus terminal bonus or 105% of the premiums paid.
Benefit Illustration:
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