In today's world, we try to plan for all of life's important stages and
milestones keeping in mind our growing responsibilities. And, to supplement
these efforts, we sometimes wish for an extra source of regular income.
Introducing the BSLI Vision LifeIncome Plan, a traditional participating whole
life plan that helps you to not only plan your financial goals but also realise
your dreams by providing you with a steady income and whole life cover. With
survival benefits payable every year from the end of the premium paying term
till maturity and a life insurance benefit, this plan offers a perfect blend of
income and financial protection for you and your family.
Please refer to detailed brochures on riders, consult your financial advisor -APURV GOURAV (+919970506893 )
Key
Features
- 5% of the Sum Assured guaranteed plus bonus every year after premium paying term.
- Comprehensive financial protection for your family with whole life covers to age 100.
- Premium rebates on high Sum Assured, Annual & Semi Annual modes of payment and ECS method of payment.
- Access to suitable Rider options for added protection, at a nominal extra cost.
- Tax benefits under Section 80C, 80D and Section 10(10D) of the
Income Tax Act, 1961.
Quick view
Entry Age
(age on last birthday)
|
1 – 60
years
|
Policy Term
|
Whole Life
to Age 100
|
Premium
Paying Term
|
15 to 40
years
|
Minimum
|
Attained
Age at end of Premium Paying Term is 18 or more
|
Maximum
|
Attained
Age at end of Premium Paying Term is 75 or less
|
Minimum Sum
Assured
|
Rs. 200,000
|
Minimum
Premium
|
Rs. 18,000
|
Premium
Frequency
|
Annual,
Semi-annual, Quarterly, Monthly
|
Benefits
of BSLI Vision Life Income Plan
Survival-Benefit
In the event the life insured survives to the end of the premium paying term, the policy holder will receive accrued bonuses till date. If he/she survives to the end of each subsequent policy year, he/she will be paid Income Benefit of 5.0% of Sum Assured plus bonus from current policy year.
In the event the life insured survives to the end of the premium paying term, the policy holder will receive accrued bonuses till date. If he/she survives to the end of each subsequent policy year, he/she will be paid Income Benefit of 5.0% of Sum Assured plus bonus from current policy year.
Maturity-Benefit
In the event the life insured survives to the end of the policy term, the policyholder will receive the sum Assured and Terminal Bonus (if any).
In the event the life insured survives to the end of the policy term, the policyholder will receive the sum Assured and Terminal Bonus (if any).
Death
Benefit
In the unfortunate event of the death of the life insured during the premium paying term, the sum assured plus accrued bonuses as on date of death and Terminal Bonus (if any) will be paid to the nominee. If the life insured dies after the premium paying term, the nominee will receive the Sum Assured plus bonus from current year plus Terminal Bonus (if any). Sum Assured payable on death/maturity shall never be less than 105% of total premiums paid to date (excluding any applicable rider premium and/or underwriting extras).
In the unfortunate event of the death of the life insured during the premium paying term, the sum assured plus accrued bonuses as on date of death and Terminal Bonus (if any) will be paid to the nominee. If the life insured dies after the premium paying term, the nominee will receive the Sum Assured plus bonus from current year plus Terminal Bonus (if any). Sum Assured payable on death/maturity shall never be less than 105% of total premiums paid to date (excluding any applicable rider premium and/or underwriting extras).
Additional
Insurance Benefits
To enhance protection, BSLI Vision Life Income Plan offers the following riders at a nominal extra cost.
To enhance protection, BSLI Vision Life Income Plan offers the following riders at a nominal extra cost.
- BSLI Accidental Death and Disability Rider (UIN: 109B018V02)
- BSLI Critical Illness Rider (UIN: 109B019V02)
- BSLI Surgical Care Rider (UIN: 109B015V02)
- BSLI Hospital Care Rider (UIN: 109B016V02)
- BSLI Waiver of Premium Rider (UIN: 109B017V02)
Please refer to detailed brochures on riders, consult your financial advisor -APURV GOURAV (+919970506893 )
Tax Benefits
As per extant tax laws, this plan offers tax benefits under Section 80C, 80D and Section 10(10D) of the Income Tax Act, 1961, subject to fulfilment of the other conditions of the respective sections prescribed therein.
As per extant tax laws, this plan offers tax benefits under Section 80C, 80D and Section 10(10D) of the Income Tax Act, 1961, subject to fulfilment of the other conditions of the respective sections prescribed therein.
Note:- All Content i have taken it from BSLI Website.
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