• BSLI Vision Endowment Plus Plan

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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    Overview

    This BSLI Vision Endowment Plus Plan is a savings plan that can endow the policyholder with the financial freedom that they may wish for their family. It doesn't just offer a sum assured but also the chance to earn bonuses on the investments. Not only does this Birla Sun Life Insurance plan offer death benefits but also maturity benefits for which there are more than one option. Since this plan offers maturity benefits with additions, it can be used to provide insurance cover and plan for future expenses as well. The policy can also be coupled with various riders that help enhance the protection provided under the policy.

    Eligibility Conditions of BSLI Vision Endowment Plus Plan

    Entry age

    30 days to 60 years of age

    Maximum maturity age

    70 years

    Key Features of BSLI Vision Endowment Plus Plan

    Type

    This is a traditional participating endowment plan

    Sum assured

    The minimum sum assured is Rs. 1 lakh

    Coverage

    Death Benefits:

    The basic death benefit paid will be:

    • The basic sum assured in addition to accrued regular bonus and a terminal bonus if applicable.
    • The minimum sum assured will be 105% of the premiums paid till the time of death.
    • There will also be two options for the sum assured under this policy.

    Option A

    Option B

    The sum assured in this case will be 100% of the sum assured or 10 times the annual premium.

    In this case the sum assured will be 150% of the sum assured or 10 times the annual premium.

    Maturity Benefits

    When the policy matures the policyholder will get the maturity sum assured along with the accrued bonuses and any applicable terminal bonuses.

    Basis

    Individual

    Premiums

    The minimum premium payable is Rs. 7,000 per annum.

    Premium paying term

    The premium paying term can be:

    • 7 years
    • 10 years
    • 15 years
    • 20 years
    • Regular pay (Where the premium is paid for the entire term of the policy)

    Premium paying modes

    The premiums can be paid yearly, half-yearly, quarterly or monthly

    Policy term

    10 years to 40 years

    Policy validity

    The policy validity is equal to the policy term.

    Renewability

    Not Applicable

    Bonuses

    This policy offers an accrued regular bonus and a terminal bonus based on economic conditions.

    Other features

    • Free look period: This policy comes with a free look period of 15 to 30 days.
    • Grace period: The grace period for the payment of premiums is 30 days.

    Add-on covers / Riders

    • This policy can be coupled with various riders to add more cover to the policy.
    • The premiums for the riders will be paid with the premium for the parent policy.
    • The premiums paid for riders will not be considered for death/maturity benefits.

    Benefits/Advantages of BSLI Vision Endowment Plus Plan

    Apart from the obvious benefits payable at the time of death or maturity, there are some other advantages to this policy as well.

    • Premiums paid towards this policy and benefits received from it will qualify for tax benefits under sections 80C and 10(10D).
    • Once the policy has achieved a surrender value, policyholders can take a loan of up to 85% of the surrender value of the policy.
    • If the policy is surrendered after having paid regular premiums for at least 2 to 3 years, it will achieve a surrender value which will be the sum of a percentage of the premiums paid till date and any accrued bonuses.
    • If the premiums are paid for a minimum of 2 to 3 years and stopped thereafter, instead of lapsing, the policy will provide a reduced paid up benefit in which the value of the policy will be reduced to adjust it according to the premiums that have been paid.

    • When the premiums are paid annually, the company offers a rebate of 5% on the premium due. This rebate is also available on haly-yearly payments in which case the rebate will be 2%.
    • When it comes to the sum assured, it is divided into various bands and, depending on which band your sum assured falls in, there is a rebate offered. The rebate chart is shown below.

    Band

    Premium rebate per Rs. 1,000 of sum assured

    Band 1

    Rs. 0

    Band 2

    Re. 1

    Band 3

    Rs. 5

    Band 4

    Rs. 7

    How The Plan Works?

    This is an endowment plan, which means that it provides returns at the time of maturity. How it works is that based on the sum assured and certain other factors, a premium is paid for the policy. Once the premium has been paid for 2 to 3 years, the policy becomes eligible for a surrender value. In case the payment of premiums are stopped after this point than the value of the policy is reduced to match the premiums paid and it becomes a reduced paid up policy.

    Premium Payment

    The premium, in the case of this policy will remain fixed for the duration of the premium paying term. It also can either be paid for the duration of the policy term, regular pay, or for a limited period, limited pay.

    Riders

    • BSLI Accidental Death and Disability Rider

      The accidental death and disability rider will pay a sum assured in case the policyholder passes away in an accident or is left disabled by one. In case of the second scenario, the amount paid will depend on the disability.

    • BSLI Critical Illness Rider

      With the Critical Illness Rider if the policyholder survives for 30 days from the date of the confirmed diagnosis of 4 critical illnesses, then the entire sum of the rider will be paid.

    • BSLI Surgical Care Rider

      The benefit amount under this rider can range from Rs. 3,000 to Rs. 30,000 and the sum assured paid in case there is a need for hospitalisation of over 24 hours for a surgery. The sum assured under this rider can be as much as 50 time the sum assured.

    • BSLI Hospital Care Rider

      Under this rider, if the policyholder is hospitalised for over 24 hours then a daily cash of Rs. 600 to Rs. 6,000 will be paid to them. In case the hospitalisation is in the ICU then the daily cash will include an additional 100% of the daily cash limit each day.

    • BSLI Waiver of Premium Rider

      Under this rider, if the policyholder suffers from financial problems and is unable to pay premiums in the future, then the future premiums will be waived off.

    This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    BSLI Vision Endowment Plus Plan Reviews

  • Page 1 of 17 1 2 3 4 5
    • Birla Sun Life Insurance
      "Best policy"
      0.5 4.5/5 "Excellent!"
      I had taken a Life insurance from Birla sun life insurance . It has good benefits with accidental coverage and critical illness coverage with normal premium amount . The policy coverage is 60 years with tenure period of 20 years . I pay the payment annually through on-line banking through NEFT.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 19, 2018
    • Birla Sun Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've a Life insurance policy with the Birla Sunlife, I never faced any issues with their services. The premium is auto debited from my account via ECS and overall it is a good policy to have. I'll have to wait and see whether they adhere to their promises in future.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 21, 2018
    • Birla Sun Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've two life insurance polcies with the Birla Sun Life. I make a payment of 10200 per month, the premium gets auto debited from the account via ECS which is more convenient for me. Their customer support is also good.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 21, 2018
    • Birla Sun Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I am having a life insurance policy with Birla Sun life from last 3 years and it is a long term plus money back policy. The tenure of this life insurance policy is 30 years and the money back gets accumulated in the account. I pay my premium once in a year and i am convenient with the payment options. I am also happy with the coverage and returns of this policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 13, 2018
    • Birla Sun Life Insurance
      "good policy"
      0.5 5.0/5 "Blown Away!"
      I had applied and got a Life insurance policy from Aditya Birla Group companies "BIRLA SUN LIFE INSURANCE". I can prefer on line payments type to renew my life insurance policy with in due time. The customer service is good and well responsive. The premium amount is affordable by comparing to other premiums.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 28, 2018
    • Birla Sun Life Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      I am having a life insurance policy with Birla Sun life from last 13 years and it is a long term policy. The tenure of this life insurance policy is 30 years. I pay my premium on annual basis through ECS and i am convenient with the payment options which they are giving. I am happy with the coverage and benefits of this policy.
      Was this review helpful? 0
      , panipat
      Reviewed on Feb 12, 2018
    • Birla Sun Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I am having a life insurance policy with Birla Sun Life insurance from last 5-7 years and it is a good insurance policy to use. This is a long term policy and the tenure of this policy is 15 years. My premium amount gets auto deducted every month through ECS. The coverage is good and the benefits of this policy is up to the mark.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Feb 01, 2018
    • Birla Sun Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken 3 policies with Birla. I am using this service for 3 years. They offering good benefits and it was more stable. The online services are good and convenient. Those 3 policies are money back and the tenure period is 21 years. I pay the premium through net banking which was easy.
      Was this review helpful? 0
      , thane
      Reviewed on Jan 25, 2018
    • Birla Sun Life Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      I have a life insurance policy with Aditya Birla from last 5 years and it is a very good policy to use. The validity of this life insurance policy is lifetime. I pay a premium of Rs 12000 on annual basis and i am convenient with the payment options. The coverage and benefits are also good in this policy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 12, 2018
    • Birla Sun Life Insurance
      "Average policy to use"
      0.5 3.0/5 "Satisfactory"
      I have a life insurance policy with Birla sun life from last 4 years and it is a long term policy. The tenure of this life insurance policy is 21 years and i pay my premium once in 3 months through online and the payment options are convenient for me. I have a coverage amount of Rs 6.5 lakhs and the returns are not good in this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 12, 2017
    • Birla Sun Life Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      The Birla Sun life has offered me the Life insurance policy and their customer support is not up to the mark. The customer support will not even give any response and they are very rude to the customers and I got the endowment plan with the Birla sun life around 4months ago, I pay the premium of Rs,7500 every 3 months once.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 11, 2017
    • Birla Sun Life Insurance
      "Good "
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Birla sun life insurance company. I would like to say that the customer service is good one for me and the plan benefits are really fine . I am happy with the Birla sun life insurance company.......
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 11, 2017
    • Birla Sun Life Insurance
      "Good return"
      0.5 4.0/5 "Great!"
      I have taken a Child Plan with Aditya Birla. The maturity period of the Insurance is 15 years. I have been making the payment Half Yearly basis. Their Customer service is handled by a third party vendor, who are doing absolutely good job. The overall experience with them has been good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 01, 2017
    • Birla Sun Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My life Insurance was with BIRLA . The tenure period was 14 years and premium paid on yearly basis. They are providing door step service for collecting cheques and Its a tax benefit. MY Overall experience was excellent and I would like to recommend to others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 15, 2017
    • Birla Sun Life Insurance
      "Best policy to use"
      0.5 5.0/5 "Blown Away!"
      I hold a life insurance policy with Aditya birla and it is a long term policy. The tenure of this life insurance policy is 20 years. I pay my premium on annual basis through credit card and i am also convenient with the payment options which they are providing. Their online system is also good, i am also fine with the coverage and benefits in this policy.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Nov 11, 2017
    • Birla Sun Life Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I am using the Life Insurance policy with Birla sun life and it is a pension plan policy. This policy has the term of 58 years. I pay the premium of Rs,1000 every month. I pay the premium through my savings account, It is getting auto deducted from my savings account. The plan benefits and the policy coverage is good with this policy.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 10, 2017
    • Birla Sun Life Insurance
      "Firm believer in Life insurance"
      0.5 3.0/5 "Satisfactory"
      I am firm believer of the Life Insurance, accordingly I have couple of them maintained. This is one of the Insurance that I am so confident about. I pay around Rs.17000 as the yearly installment and would be paying for about 10 years. The overall experience with them has great. They provide you with good amount details required for somebody to know.
      Was this review helpful? 0
      , motihari
      Reviewed on Nov 07, 2017
    • Birla Sun Life Insurance
      "Average"
      0.5 3.0/5 "Satisfactory"
      I am having the life insurance policy with the Aditya Birla life insurance company and I been with them from the last ten years of time. Initially the services were really good but now its not really up to the mark with them.
      Was this review helpful? 0
      , kanchipuram
      Reviewed on Nov 04, 2017
    • Birla Sun Life Insurance
      "Good Policy to hold"
      0.5 4.5/5 "Excellent!"
      I have a Life Insurance policy with BIRLA SUN LIFE INSURANCE. This life insurance is paid by my company which is also BIRLA SUN LIFE INSURANCE. It covers only me and this will be given to my nominee and the total life coverage amount is 50 lakhs rupees.
      Was this review helpful? 0
      , guntur
      Reviewed on Oct 31, 2017
    • Birla Sun Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I got Birla sun life insurance policy on 2013. The customer support is good with Birla sun life. This policy has the tenure of 10 years. The plan benefits and the coverage are good with this policy. I pay the premium of Rs,30,000 every year towards this policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 30, 2017
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