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​A savings plan that gives you periodic payouts and a lump sum at maturity and additions to your investments every  year while providing financial security to your loved ones

 

What are the benefits of BSLI Bachat (Moneyback) Plan?
 
1.     Survival Benefit: You will receive 20% of Monthly Base Premiums paid, on the 5 , 10 and 15 policy anniversary.
2.     Maturity Benefit: On maturity after 20 years, you will receive All Monthly Base Premiums paid + All Bachat Additions earned + Loyalty Addition - All Survival Benefits paid.
3.     Death Benefit : In the event of an untimely demise of the life insured, the nominee shall receive All Monthly Base Premiums paid (or Sum Assured, if higher) + All Bachat Additions earned + Loyalty Addition - All Survival Benefits paid.
4.     Your surrender benefits include All Monthly Base Premiums paid from the second year onwards multiplied by the surrender factor th th (following table) + After 10 policy year, all Bachat Additions earned + After the 15 policy year, Loyalty Addition earned (less all Survival
Benefits paid).
 
The surrender factor is 100% after completing 10 policy years. However before 10 years are over, you will receive the following:
 
Policy Year of Surrender
3
4
5
6
7
8
9
10+
Surrender Factor
30%
40%
50%
60%
70%
80%
90%
100%
 
For Bachat Money Back Plan, the Bachat Addition Rate w.e.f. April 1, 2013 till notified are::
 
Band
I
II
III
For policies with MBP (in Rs.)
400 to 599
600 to 899
900 +
Bachat Addition Rate
5.50%
5.75%
6.00%
 
 
 
Accidental Death Benefit - Optional Rider for Entry Ages 18 to 50
 
For an extra 1.2% of MBP, additional Sum Assured is paid in case of accidental death.
 
  • Extra 180 x MBP payable in case death is accidental for entry ages 18 to 40
  • Extra 120 x MBP payable in case death is accidental for entry ages 41 to 50
 

 

Disclaimer
This policy is underwritten by Birla Sun Life Insurance Company Limited (BSLI). This is a non-participating traditional insurance plan. All terms & conditions are guaranteed throughout the policy term except for the Bachat Addition Rate which will vary from year to year and be declared by BSLI on April 1st of every calendar year. Future Survival Benefits are paid only if the Guaranteed Surrender Benefit exceeds the Survival Benefit payable. BSLI reserves the right to recover levies such as the Service Tax and Education Cess levied by the authorities on insurance transactions. If there be any additional levies, they too will be recovered from you. This brochure contains only the salient features of the plan. For further details please refer to the policy contract. Tax benefits are subject to changes in the tax laws. For more details on risk factors , terms & conditions , please read sales brochure carefully before concluding the sale’. Insurance is the subject matter of the solicitation.
Unique No.: 109N057V01