BSLI Vision Endowment Plus Plan

BSLI Vision Endowment Plus Plan is a traditional Endowment Plan which combines savings to build a strong corpus and life insurance protection for security purposes.

4.8^~ Rated
7.7 Crore Registered Consumer
50 Partners Insurance Partners
4.2 Crore Policies Sold

Investment Plans

Guaranteed Tax Savings^Under sec 80C & 10(10D)
Under sec 80C & 10(10D)Invest ₹10k Per Month*
Zero LTCG Tax^

Buy Online & Get upto 4% extra#

Get Guaranteed returns along with life cover

invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*

Your Name

+91

Mobile Number

Your personal information is secure with us

By clicking on "View Plans" you agree to our Privacy Policy and Terms of use

Get Updates on WhatsApp

We are rated^~

7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Key Features

It is a participating plan with limited and regular premium payment option
There are two death benefit options of Option A and Option B
Simple reversionary bonus, Interim Bonus and terminal bonus enhance the value of savings

Benefits

On death of the policyholder, SA on death + accrued reversionary bonuses + Terminal Bonus, if any, is paid
For Option A SA on death is the higher of the basic SA or Maturity SA or 10 times the annual premium
For Option B, SA on death is higher of 150% of Sum Assured or maturity SA or 10 times the annual Premium
The total death benefit will be a minimum of 105% or premiums paid till date of death
On Maturity, the Maturity Sum Assured + accrued Reversionary Bonuses and Terminal Bonus is paid to the policyholder
Maturity Sum Assured is the aggregate premiums paid throughout the policy term
Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:

	Minimum	Maximum
Entry Age (Last Birthday)	30 days	60 years
Maturity Age (Last Birthday)	-	75 years
Policy Term (PT) in years	10	40
Premium Paying Term (PPT) in years	7 / 10 / 15 / 20 or equal to policy term
Premium Paying Frequency	Annual, half-yearly, quarterly, monthly
Premium	7,000	No limit
Sum Assured	100,000	No limit

Details About Premium

Annual premium in Rupees for a 35 year old male with a term of 20 years and PPT of 10 years

	Option A		Option B
Premium	17,509		18,131
Sum Assured	250,000		250,000
Guaranteed Maturity Benefit	175,085		181,308
Guaranteed Death Benefit	250,000		375,000
	@ 4%	@ 8%	@ 4%	@ 8%
Total Maturity Benefit	225,585	405,085	228,808	411,308
Total Death Benefit	297,500	480,000	422,500	605,000

Policy Details

Grace Period: 30 days’ grace period is allowed for premium payment in. If policyholder fails to make payment within the grace period, the policy lapses

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 2 / 3 full years’ premiums have been paid. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value.

GSV = (GSV % of Premiums paid + GSV% of vested Bonuses)

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Inclusions

Loan is available under the plan with a minimum amount of Rs.5000 and maximum of 85% of the Surrender Value

Additional Features or Riders

Rebates in premium for choosing annual and semi-annual mode @ 5% and 2% respectively
High SA rebates are also allowed for coverages of 2 lakhs and above
For customization, the following riders are also available:

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

Exclusions

In case of suicide committed within 12 months of policy inception or revival only the premiums paid or the Surrender Value is refunded

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ