Birla Sunlife Insurance – Dream Endownment Plan

BSLI Dream Endowment Plan

As a responsible provider to your family you have always wanted a solution that can give you the guarantee of reaching your financial objectives while retaining the freedom to adapt to any changes in life.
Presenting BSLI Dream Endowment Plan, a plan that gives you the confidence and freedom to keep pace with the ever changing world of your dreams for your family.

The Guaranteed Savings Date

BSLI Dream Endowment Plan guarantees that you receive no less than the chosen Basic Sum Assured on the Guaranteed Savings Date.
Your Guaranteed Savings Fund will continue to grow at a minimum rate
of 3% per annum less policy charges and less any partial withdrawals.
All Basic Premiums, net of an investment guarantee charge, paid by you are invested in the Enhancer Fund.

Enhancing Your Benefits

You may wish to enhance your financial security by choosing Enhanced Sum Assured. The Enhanced SA Premium as applicable will be invested, net of investment guarantee charge, in the Enhancer Fund thus augmenting your Basic Fund Value. You may also opt for Enhanced Savings Premiums, which increases your savings. The Enhanced Savings Premiums are invested under the Self-Managed Option in our range of ten well established investment funds ranging from 100% debt to 100% equity to suit your particular need and risk appetite – Income Advantage, Assure, Protector, Builder, Enhancer, Creator, Magnifier, Maximiser, Multiplier and Super 20. You will retain the freedom to reallocate your investments and re-direct your future Enhanced Savings Premiums between these funds based on your choice.

Choice Of Premium Pay Term

Besides the regular premium pay option, you can choose from a single pay option or short pay options of 5-Pay, 10-Pay, 15-Pay or 20-Pay as per your convenience.

Guaranteed Additions Benefit

You will receive a Guaranteed Addition equal to 2% of your average Basic Fund Value recorded in the last 60 months at the end of 10th year and every 5th year subsequent to that. These will be in the form of additional units allocated to your fund. In case you have chosen to augment your savings through Enhanced Savings Premium, the Guaranteed Additions will be paid on your Fund Value (Basic Fund Value plus Enhanced Fund Value).

Death Benefit

In the unfortunate demise of the life insured during the policy term, the nominee will receive the higher of Basic Sum Assured or the Fund Value (Basic Fund Value plus Enhanced Fund Value, if any).
The nominee will also receive the Enhanced Sum Assured, if chosen, for death of the life insured prior to the Guaranteed Savings Date.

Maturity Benefit

On maturity you will receive the Basic Fund Value. In case you have
opted for Enhanced Savings Premium, then you will also receive Enhanced Fund Value.

Other Benefits

Partial Withdrawals

You can make partial withdrawals, after you have completed three policy years, as long as the life insured has attained the age of 18 years, the minimum amount withdrawn is Rs.5,000 and the balance amount left in your fund after the withdrawal is equal to at least one annual policy premium plus any surrender charges. The Basic Sum Assured will be reduced by the partial withdrawals made till the Guaranteed Savings Date.

Such withdrawals also impact the Death Benefit as follows:
• For life insured under 60 years, Basic Sum Assured is reduced by the partial withdrawals done in the last two years

• For life insured over 60 years, the Basic Sum Assured is reduced by the partial withdrawals done after the age of 58

Surrender Benefits

You can surrender your policy and receive your Fund Value (Basic Fund Value plus Enhanced Fund Value if any) less applicable surrender charges. There are no surrender charges after the completion of 5 policy years. If you surrender the policy prior to the 3rd policy year, your surrender benefit will be kept constant and deferred for payment to the end of the 3rd policy year. Please go through our brochure to understand the surrender charges in detail.

Plan Summary
Entry Age 30 days to 65 years
Policy Term 30 years
Guaranteed Savings 10th, 15th, 20th, 25th and 30th
Pay Term Single pay | Short pay – 5, 10, 15, 20 years
| Guaranteed Savings Date
Basic Sum Assured Minimum Rs. 3,00,000 , subject to minimum
Basic Premium Rs. 8,000
Enhanced Sum Assured Minimum Rs. 50,000
Entry Age: 18 to 65 years, max age on
Guaranteed Savings Date: 75 years
Enhanced Savings Premium Minimum Rs. 5,000
Tax Benefits    Under section 80C and section 10 (10D) of the Income Tax act, 1961

Download its brochure here.


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