BSLI Wealth Assure Plan

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

Read more
kapil-sharma
  • 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*
+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs
Get Updates on WhatsApp
We are rated~
rating
7.7 Crore
Registered Consumer
50
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 unit linked plan with Limited Pay option of premium payment
  • Guaranteed Additions are added from the 6th policy year
  • There are 3 investment options of Lifecycle Option, Systematic Transfer Option and Self-Managed Option
  • Under the Lifecycle Option, the investment is split between Maximizer and Income Advantage Fund in a pre-determined ratio. The units are automatically transferred from the riskier fund to the safer fund with increasing age
  • Under the Systematic Transfer Option, the premium net of charges is first allocated to Liquid Plus Fund and thereafter 1/12th of the fund is transferred monthly to a fund of the policyholder’s choice
  • The following funds are available for investment under the Self- Managed Option
    • Liquid Plus
    • Income Advantage
    • Assure
    • Protector
    • Builder
    • Enhancer
    • Creator
    • Magnifier
    • Maximizer
    • Multiplier
    • Super 20
    • Pure Equity
    • Value & Momentum

Benefits

      • Guaranteed Additions are added from the 6th year to 10th year @ 0.25%, from the 11th year to 15th year @ 0.55% and from the 16th year onwards @ 0.75%
      • Guaranteed Additions are calculated as a percentage of the average Fund Value over the last 12 months
      • The insured will get the total Fund Value on Maturity which also includes top-up Fund Value and Guaranteed Additions
      • On death of the policyholder, sum of the Sum Assured including top-up Sum Assured and Fund Value including top-up Fund Value is payable to the nominee subject to a minimum of 105% of all premiums paid till death
      • Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

Product Specification:

 

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

Policy Details

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.

Inclusions

      • Sum Assured can be increased by 150%, 200%, 250% or 300% of the basic Sum Assured. It can also be decreased after the completion of the PPT
      • Partial withdrawals are allowed every year after 5 completed policy years with a minimum value of Rs.5,000
      • Switches are allowed every year for switching between funds
      • Premium Redirection is allowed for redirecting future premiums into another fund
      • Top-ups can be done to increase investments at a minimum of 5000. The corresponding top-up SA will be 125% of the top-up premium for ages<45 yrs. and 110% of the premium for ages>=45 yrs.

Exclusions

      • The benefit paid in case of suicide within 12 months of policy inception or revival is the fund value as on that date.

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history and submit KYC documents.

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

Investment Plan
Insurers Offering Guaranteed Return Plans

Max Life

Bajaj Allianz

Tata AIA

Aditya Birla Sun Life

HDFC Life

Bharti AXA Life

Canara HSBC

Edelweiss Life

Bandhan Life

SBI Life

Aviva

Future Generali

IDBI Federal

IndiaFirst

Kotak Life

PNB MetLife

Pramerica Life

Reliance Life

Sahara Life

Star Union

View more insurers
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Invest More Get More!
You Get
₹1 Crores*
You Invest
₹10K/month
You Get
₹80 Lakhs*
You Invest
₹8K/month
You Get
₹50 Lakhs*
You Invest
₹5K/month
Investment Plan 3

Investment plans articles

Recent Articles
Popular Articles
ICICI Compound Interest Calculator

20 Nov 2024

The ICICI Compound Interest Calculator is a valuable financial
Read more
Types of Investment

14 Nov 2024

Investing is a powerful tool for building wealth, securing
Read more
Different Types Of Bonds

11 Nov 2024

Bonds are a type of investment where the investor can invest
Read more
Annual Percentage Rate (APR)

11 Nov 2024

Annual Percentage Rate (APR) means the interest rate you will
Read more
Investment Horizon

11 Nov 2024

An investment horizon is the time you plan to hold an investment
Read more
30 Best Investment Options in India in 2024
  • 04 Apr 2014
  • 1862772
Are you looking for the best investment option for you? From traditional investments like Fixed Deposits (FDs)
Read more
Best NRE Savings Accounts for NRIs in 2024
  • 28 Jan 2022
  • 65428
India is a growing economy and is getting a lot of global recognition these days. It has shown immense growth in
Read more
Short Term Investments Options
  • 10 Feb 2014
  • 515293
Short-term investments are financial assets that can be easily converted to cash within a short period, ranging
Read more
Post Office Senior Citizen Savings Scheme (SCSS) 2024
  • 13 Feb 2020
  • 97318
The Post Office Senior Citizen Savings Scheme (SCSS) is a government-backed scheme designed specifically for
Read more
Best Saving Plans in India 2024
  • 30 Jan 2019
  • 148369
Saving money is an important step towards achieving financial independence and security. Whether you're looking
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL