BSLI Money Back Plus Plan

This is a Traditional Plan without Bonus facility

The Life Coverage of the plan increases every year by an amount equal to the annual base premium

This plan offers a Guaranteed Survival Benefit at the end of every policy year from the 3^rd Policy Year onwards.

There is an additional Guaranteed Survival Benefit for premiums more than Rs 18000 p.a.

The Guaranteed Maturity Benefit is paid at the end of the policy tenure over and above the Survival Benefits already paid.

The Guaranteed Maturity Benefit is calculated according to your age at entry of the Life Insured and the Policy Term

The policy maturity can be pre-poned but subject to charges

• Accidental Death and Dismemberment Rider

In case of death of the Life Insured, the nominee gets the Base Sum Assured of 10 times the Annual Base Premium + all Base Premiums paid till date + accumulated Survival Benefit as Death Benefit and the policy terminates.

At the end of the Policy Tenure, the Guaranteed Maturity Benefit + accumulated Survival Benefit is paid as Maturity Benefit

Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C. Under Section 10(10D), the Maturity Benefit is also exempt from tax, subject to mentioned exclusions