BSLI Vision Endowment Plan is a traditional Endowment Plan which aims to facilitate savings to build a strong corpus for future requirements and also provide life insurance benefits.
|
|
Minimum |
Maximum |
|
Entry Age (Last Birthday) |
1 years |
55 years |
|
Maturity Age (Last Birthday) |
- |
75 years |
|
Policy Term (PT) in years |
20 |
|
|
Premium Paying Term (PPT) in years |
7 / 10 |
|
|
Premium Paying Frequency |
Annual, half-yearly, monthly |
|
|
Premium |
10,000 |
No limit |
|
Sum Assured |
100,000 |
No limit |
Annual premium in Rupees for a 35 year old male with a term of 20 years and PPT of 10 years
|
Premium |
16,017 |
|
|
Sum Assured |
250,000 |
|
|
Guaranteed Maturity Benefit |
160,167 |
|
|
|
@ 4% |
@ 8% |
|
Maturity benefit |
225,170 |
375,170 |
|
Death benefit |
290,000 |
440,000 |
Grace Period: 15 days’ grace period is allowed for premium payment in monthly mode and 30 days in annual and half-yearly mode. 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.
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.
