Birla Sun Life Guaranteed Bachat Plan

This is a Traditional Plan without Bonus facility but with Loyalty Additions

This Plan provides Survival Benefit every year from the 3^rd Policy Year onwards which can be withdrawn anytime or can be used to offset future premiums.

There is an additional 15% of the base Survival benefit that is paid for Annual Premium of Rs 6000 or more.

The Survival Benefit depends on The Government of India Securities rate (GSec rate) which is declared each year.

Any accumulated survival benefits will be payable on maturity, surrender or death.

Guaranteed Maturity Benefit is provided at the policy maturity, over and above the Survival Benefits. The Guaranteed Maturity Benefit is based on the Age at Entry, Policy Term and the amount of annual premium paid.

The Life Cover increases every year by an amount equal to the base Annual Premium.

There is an option of preponement of the date of Maturity of the policy after 10 policy years.

There are no Policy Preponement charges after 20 policy years.

In case of Policy Preponement, the policyholder would receive Guaranteed Maturity Benefit - Early Maturity Adjustment + Accumulated Survival Benefits

In case of death of the Life Insured, the nominee Base Sum Assured + all base premiums paid till date - first year’s premium +all accumulated survival benefits.

When the Policy matures, Guaranteed Maturity Benefit + accumulated Survival Benefit are 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.