BSLI Term Plan
Your BSLI’s Term Plan is a low premium, pure risk coverage plan, which takes care of your financial commitments and secures your family’s future should anything unfortunate happen to you.
Low Costs, High Cover
This plan provides you all the benefits of life insurance at affordable costs.
The plan offers three riders at nominal costs– Accidental Death and Dismemberment Rider, Critical Illness Rider and Waiver of Premium Rider.
Sum Assured Rebates
The plan offers attractive rebate for face value amounts equal to or greater than Rs. 5 Lakh for regular pay. In case of single pay, this rebate is available for amount greater than or equal to Rs. 7 Lakh.
Investments in this plan are eligible for tax benefits under Sections 80C
and 10(10D) of the Income Tax Act.
• Maturity Benefit – NIL
• Death Benefit – In the event of your unfortunate death, the nominee receives the Sum Assured.
• Special benefits for women – The plan offers favourable premium rates for female clients.
|Entry Age||18 – 55 years|
|Minimum Face Amount (Sum Assured)||Rs. 2,50,000 in case of single premium & Rs. 2,00,000 in case of regular premium for a person fulfilling the eligibility criteria|
|Benefit period||As per policy terms 5,10,15,20 or 25 years|
|Premium Paying Period||Single pay or over the duration of the plan|
|Premium Payment Frequency||Annually, semi-annually, quarterly, monthly (through ECS) or one-time payment|
|Grace Period||Pay your premium within 30 days after the premium due dates|
|Amount due to nominee in event of death of the life insured||Sum Assured|
|Riders||Accidental Death and Dismemberment Rider and Critical Illness Rider, Waiver of Premium Riders, but only at the time of purchase of policy|
|Tax Benefits||Under Sec 80C and Sec 10(10D) of the Income Tax Act, 1961|
Download its brochure here.