BSLI Wealth Assure Plan is a Unit Linked Insurance plan providing capital growth and life insurance protection for taking care of the policyholder’s financial objectives and also protection needs
Save Upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
8 years |
65 years |
Maturity Age (Last Birthday) |
- |
75 years |
Policy Term (PT) in years |
10, 15, 20, 25, 30 |
|
Premium Paying Term (PPT) in years |
5 |
|
Yearly Premium |
100,000 |
No limit |
Premium Payment Frequency |
Annual, monthly |
|
Sum Assured |
Higher of Term / 2 or 10*annual premium for age<45 yrs. Higher of Term / 4 or 7*annual premium for ages>=45 yrs. |
No limit |
Grace period: 15 days grace is allowed for premium payment in monthly mode and 30 days in annual mode failing which the policy lapses
Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Linked Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges
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 and submit KYC documents.