BSLI Vision Money Back Plus Plan

BSLI Vision Money Back Plus Plan is a traditional Money Back Plan providing regular payouts to meet liquidity requirements and also life insurance coverage for security purposes.

Key Features

  • It is a participating plan with limited premium payment option
  • Survival benefits are paid after every 4th or 5th year as chosen
  • The survival benefits can be deferred until the next payout to enhance the amount of payout
  • Simple reversionary bonus and terminal bonus add to the corpus


  • Survival benefits accrue every 4 or 5 years starting @ 10% or 15% and thereby increasing by 5% in every subsequent payout
  • On death of the policyholder, SA on death + accrued Reversionary Bonuses and Terminal Bonus, if any is paid
  • Sum Assured on death is higher of the SA chosen or 10 times the annual premium
  • The minimum death benefit should be 105% of all premiums paid till death
  • On Maturity, the accrued Reversionary Bonuses and Terminal Bonus is paid to the policyholder
  • 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:




Entry Age (Last Birthday)

13 years

45 years

Maturity Age (Last Birthday)


75 years

Policy Term (PT) in years

20, 24 or 25

Premium Paying Term (PPT) in years

10 or 12

Premium Paying Frequency

Annual, half-yearly, quarterly, monthly


Depends on SA, age, term and PPT

Sum Assured


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



Sum Assured


Survival Benefit at the end of 5th year


Survival Benefit at the end of 10th year


Survival Benefit at the end of 15th year


Survival Benefit at the end of 20th year


Maturity Benefit @ 4%


Maturity Benefit @ 8%


Policy Details

Grace Period: 30 days’ grace period is allowed for premium payment in all modes. 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 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) – Survival Benefits already received or deferred

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.


  • 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
  • The following Riders are available for customization:
  • BSLI Accidental Death and Disability Rider
  • BSLI Critical Illness Rider
  • BSLI Surgical Care Rider
  • BSLI Hospital Care Rider
  • BSLI Waiver of Premium Rider


  • 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.

Written By: PolicyBazaar - Updated: 19 March 2021
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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