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  • BSLI Bima Dhan Sanchay Plan

    Birla Sun Life Insurance

    When it comes to important decisions such as investments, life insurance everyone looks for guarantee and security that you and your family will be taken care of in case of any unfortunate events. With the BSLI Bima Dhan Sanchay. Get the 3 different maturity options with this unique plan, and secure your life today and your family’s future tomorrow.

    Want to Know if You're Eligible?

    The eligibility conditions of this plan are listed below:

    Particulars

    Policy Term

    Minimum

    Maximum

    Entry age

    5 years

    18 years

    60 years

    Entry age

    10 years

    18 years

    55 years

    Entry age

    15 years

    18 years

    50 years

    What are The Key Features of The BSLI Bima Dhan Sanchay?

    1. For this savings cum life insurance plan the minimum sum assured is Rs. 5, 000 and a maximum limit of Rs. 50, 000
    2. The premiums can be paid through various ways of payment as we have today, including cash, credit card, salary deduction, ECS, Demand Draft, direct debit, etc.
    3. These payments can be paid in yearly, half yearly, quarterly or monthly modes. Monthly mode should only be paid only through ECS/Demand Draft.
    4. The maximum maturity age of this policy is 65 years.
    5. There is an additional rider available with this plan, this rider is an Accidental Death Rider with an addition sum assured of Rs. 10,000 minimum. This rider sum assured should not exceed the sum assured of the BSLI Bima Dhan Sanchay.
    6. With this policy, the policyholder will get a grace period of 180 days, for you to make payments towards the premiums. The coverage of this policy will remain the same even when the premium amount is still due. If during the grace period there’s a claim the sum assured will be reduced by the number of unpaid premiums and then will be paid out.
    7. There is a free-look period as well for this policy, you can opt out of this policy within 30 day of its receipt
    8. If your policy has lapsed you can revive the same under these conditions:

      1. All due premiums have to be paid with an additional interest rate of 1 % per month from the last payment due date.
      2. A health declaration will need to be submitted at the time of revival.
    9. Paid Up value, with this policy you can pay up the policy in full in the first 2 years of the commencement of the policy, and the policy will continue as is.

    The Modal Factors That Affect This Policy:

    Payment Mode

    Annual premium percentage

    Half yearly

    51%

    Quarterly

    25.8%

    Monthly

    8.7%

    The Key Advantages of The BSLI Bima Dhan Sanchay:

    1. Death Benefit - In the event of the unfortunate death of the policyholder, the sum assured will be paid to the nominee of the policy.
    2. Maturity Benefit - The BSLI Bima Dhan Sanchay offers you a refund of premiums paid at the time of maturity of the policy.
    3. Tax Benefit - As per the Income Tax Act of 1961, with this policy the policyholder will get a tax benefit under sections 80C and 10(10D). This benefit will be as per the prevailing current tax legislation.
    4. Surrender Benefit - If the premiums for the policy are paid in full in the first 2 years of the policy it can be surrendered anytime within the first 3 years of the policy commencement. In these cases the premiums paid multiplied by the partial refund will be paid to the policyholder. An example illustration is given below:

    Years policy completed

    Term Benefit 5 years

    Term Benefit 10 years

    Term Benefit 15 years

    3

    45%

    40%

    20%

    4

    70%

    50%

    30%

    5

    -

    60%

    40%

    6

    -

    70%

    50%

    7

    -

    80%

    55%

    8

    -

    85%

    60%

    9

    -

    90%

    65%

    10

    -

    -

    70%

    11

    -

    -

    75%

    12

    -

    -

    80%

    13

    -

    -

    85%

    14

    -

    -

    90%

    The Riders Available With This Policy:

    With this plan, you can opt to add a rider, called Accidental Death Rider. This rider will have an addition sum assured of minimum Rs. 10,000. This rider sum assured should not exceed the sum assured of the BSLI Bima Dhan Sanchay. If the death of the policyholder is by way of an accident then this rider will be paid out.

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