Birla Sun Life Rainbow Plan

The Rainbow Plan from Birla Sun Life Insurance is a Traditional Non-Participating Endowment Plan, which means that the returns are guaranteed and there is no Bonus declared in this plan.

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Guaranteed Final Addition
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Tenure Flexibility
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Sum Assured
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Key Features

Endowment Plan

This is a non-participating Endowment Plan without Bonus facility

This is a Single Premium Plan
Tenure Flexibility

The policy continues for 5 to 10 years as selected

Guaranteed Monthly Addition

This plan pays a Guaranteed Monthly Addition at the end of every month

Guaranteed Final Addition

There is Guaranteed Final Addition in this plan

Sum Assured

The Sum Assured is automatically calculated as 5 times the Single Premium amount.


Death Benefit

In case of death of the Life Insured within the Policy Tenure, then the Sum Assured would be paid to the nominee as Death Benefit and the policy would be terminated.

Maturity Benefit

At the end of the Policy tenure, the Life Insured would receive (Maturity Sum Assured + Guaranteed Monthly Additions + Guaranteed Final Addition) would be paid as Maturity Benefit.

Income Tax 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 and the Maturity Proceeds are tax free under section 10(10)D subject to fulfilment of all terms and conditions.

How it works

In this plan, premium needs to be paid in a lumpsum as Single Premium but the policy continues for a period of 5 to 10 years as selected. The Sum Assured is automatically calculated as 5 times the Single Premium amount.
In this Plan, the Life Insured receives the Maturity Sum Assured + Guaranteed Monthly Additions + Guaranteed Final Addition as Maturity Benefit at the end of the policy tenure.
However, if the Life Insured dies within the policy tenure, then the nominee receives the basic Sum Assured as Death Benefit and the policy terminates.
Sample illustration of Matured Sum Assured in BSLI Rainbow Plan:

The below illustration is for a healthy Male and Female (non-tobacco user) opting for a Single Premium = Rs 1 lac with Policy Term of 10 years

Birla Sun Life Insurance Rainbow Plan Benefits


Sum Assured (in Rs.)
5 X Single Premium
Policy Term (in years)
Premium Payment Term (in years)
Entry Age of Life Insured (in years)
Age at Maturity (in years)
Single Premium (in Rs.)
No Limit
Payment modes
Only Single


angle down iconWhat happens if you stop paying the premium?

Being a Single Premium Plan, there is no requirement of further premium payment.

angle down iconWhat happens if you want to surrender the policy?
Surrender Benefit is allowed under this plan but after 1 policy year.
Surrender Benefit = 90% of Single Premium Paid  + accrued Guaranteed Monthly Additions
angle down iconWhat happens if you want a loan against your policy?

Loan facility is available under this policy after the 1st policy year. The minimum loan amount is Rs. 5,000 and the maximum loan amount is 90% of the Surrender Benefit.