BSLI Fortune Elite Plan is a unit linked life insurance savings plan offered by Birla Sun Life Insurance.The plan ensures that the investor’s wealth and assets are protected for the future. The plan not only offers protection but also helps the customer fulfill their financial goals.The plan comes with three flexible investment options with flexible payment terms and policy term.
Listed below are the three types of options provided by BSLI Fortune Elite Plan.
- Systematic Transfer Option
- Return Optimiser Option
- Self Managed Option
Eligibility Conditions of BSLI Fortune Elite Plan
|
Eligibility type |
Eligibility criteria |
|
Minimum entry age |
1 year |
|
Maximum entry age |
55 years |
|
Minimum basic premium |
Rs.40,000 |
|
Minimum sum assured |
Rs.4,00,000 |
|
Premium payment term |
5,10,15,20 years |
Key Features of BSLI Fortune Elite Plan
|
Type |
A non participating unit linked life insurance savings plan |
|
Basis |
Single |
|
Coverage |
|
|
Investment options |
|
|
Premium payment mode |
Monthly,quarterly,biannually,annually |
|
Minimum Top up premium |
Rs.5,000 |
|
Partial withdrawals |
Partial withdrawals allowed |
|
Policy loans |
Policy loans are not available under this plan |
|
Free look period |
A free look period o 15 days is offered on the plan |
Benefits and Advantages of BSLI Fortune Elite Plan
Listed below are the benefits and advantages of BSLI Fortune Elite Plan
- Offers three flexible investment options
- Offers the flexibility to choose from policy term of 20,25,30,35 and 40 years
- Death benefit: On the unfortunate demise of the insured, the nominee will receive basic fund value or basic sum assured, whichever is higher.
- Maturity benefit-Fund value will be paid as maturity benefit.
- Surrender benefit-The policy can be surrendered any time during the policy
- Guaranteed additional benefits-Additional benefits will be added onto the policy over time. Listed below are the additional benefits provided.
- On 10 policy anniversary and on every 5 policy anniversary thereafter, Guaranteed Addition is 2.00% of the total premiums paid in the last 60 months
- In addition on 11 policy anniversary and every policy anniversary thereafter, Guaranteed Addition is 0.35% of the average Fund Value in the last 12 months
How Does BSLI Fortune Elite Plan Work?
In this plan, the customer gets to choose from 3 flexible investment options according to their needs. The premium payment term, the premium amount, basic sum assured depends on the investment option chosen.
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.
