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  • BSLI Vision Endowment Plus Plan

    Birla Sun Life Insurance


    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


    This is a traditional participating endowment plan

    Sum assured

    The minimum sum assured is Rs. 1 lakh


    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.




    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.


    Not Applicable


    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.


    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.


    • 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.

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