Birla Sun Life Foresight plan launched ULIP with Minimum Guarantee Maturity Option

Birla Sun Life Insurance Company has launched the BSLI Foresight Plan which is a market linked product (ULIP).

The BSLI Foresight Plan operates in much the same way that most ULIPs do, there are some variations in it. The plan offers 2 options – a guaranteed option in which your proceeds would be invested in the Foresight Fund and would be managed by the company. The company guarantees a minimum maturity benefit. The customer also has the option of selecting from 10 funds to manage the fund themselves, in which case the minimum guarantee is not applicable. You can invest in regular premiums every year or as a single premium also.


Read our Review of BSLI Foresight Plan.


Basic Eligibility Criteria of the plan are as follows:

Entry Age – 8 to 60 years

Policy term – 10 years

Premium paying term – 5 years & Single Premium

Minimum Premium – Rs.1,00,000 for regular premium & Rs.2,00,000 for single premium

Amount of Cover – For regular premium – if age < 45 yrs it is 10 times the basic premium 7 for age > 45 yrs it is 7 times the basic premium. For single premium – if age < 45 yrs it is 1.25 times the basic premium & for age > 45 yrs it is 1.10 times the basic premium.


It seems to have been launched in times for those who have not done any tax planning so far and is expected to invest the complete Rs. 1,00,000 as single premium. The 1 lakh minimum premium is on the higher side. 5% of your premium will be deducted as premium allocation charge every year you pay the premium.