birla sun life insurance vision lifeincome plan
DESCRIPTION
Birla Sun Life Insurance Vision LifeIncome Plan. +. Riders. Life is all about the choices we make. +. Riders. And we all know how difficult it is to make one…. +. Riders. As one move through his / her lifestage, choices have to be made that would benefit others. +. Riders. - PowerPoint PPT PresentationTRANSCRIPT
Confidential Copyright Birla Sun Life Insurance Company Limited 2009
11
Birla Sun Life InsuranceVision LifeIncome Plan
Copyright Birla Sun Life Insurance Company Limited 2012 2
BS
LI Vision LifeIncom
e Plan – U
IN: 109N
079V02
PR
P:T
RA
/12/
13-1
4/65
2
Life is all about the choices we make
Riders+
Copyright Birla Sun Life Insurance Company Limited 2012 3
BS
LI Vision LifeIncom
e Plan – U
IN: 109N
079V02
PR
P:T
RA
/12/
13-1
4/65
2
And we all know how difficult it is to make one….
Riders+
Copyright Birla Sun Life Insurance Company Limited 2012 4
BS
LI Vision LifeIncom
e Plan – U
IN: 109N
079V02
PR
P:T
RA
/12/
13-1
4/65
2
As one move through his / her lifestage, choices have to be made that would benefit others
Riders+
Copyright Birla Sun Life Insurance Company Limited 2012 5
BS
LI Vision LifeIncom
e Plan – U
IN: 109N
079V02
PR
P:T
RA
/12/
13-1
4/65
2
So if Mr. Khanna is single who wants to go for a vacation
Riders+
Copyright Birla Sun Life Insurance Company Limited 2012 6
BS
LI Vision LifeIncom
e Plan – U
IN: 109N
079V02
PR
P:T
RA
/12/
13-1
4/65
2
However if Mr. Khanna is married and wants to surprise his wife
Riders+
Copyright Birla Sun Life Insurance Company Limited 2012 7
BS
LI Vision LifeIncom
e Plan – U
IN: 109N
079V02
PR
P:T
RA
/12/
13-1
4/65
2
If Mr. Khanna is married with kids, he mightwant to take his kid for a wildlife safari
Riders+
Copyright Birla Sun Life Insurance Company Limited 2012 8
BS
LI Vision LifeIncom
e Plan – U
IN: 109N
079V02
PR
P:T
RA
/12/
13-1
4/65
2
And if Mr. Khanna would want to gift his parents a vacation
Riders+
Copyright Birla Sun Life Insurance Company Limited 2012 9
BS
LI Vision LifeIncom
e Plan – U
IN: 109N
079V02
PR
P:T
RA
/12/
13-1
4/65
2
Insurance Need
Child
HealthMoney Back
Retirement
Savings
TermBased on your insurance needs, you get a variety of options to choose from
And yes these choices do depend on your lifestage and the beneficiary of the choice…
Riders+
Copyright Birla Sun Life Insurance Company Limited 2012 10
BS
LI Vision LifeIncom
e Plan – U
IN: 109N
079V02
PR
P:T
RA
/12/
13-1
4/65
2
Life just got simpler
BSLI brings a unique plan that would fit your insurance need
…irrespective of your lifestage or the beneficiary
Presenting
BSLI Vision LifeIncome
Plan
Riders+
Copyright Birla Sun Life Insurance Company Limited 2012 11
BS
LI Vision LifeIncom
e Plan – U
IN: 109N
079V02
PR
P:T
RA
/12/
13-1
4/65
2
Entry Age : 1 to 60 years
Policy Term : Whole Life to Age 100
Premium Paying Term : 15 to 40 years
Min. : Attained Age at end of Premium Paying Term is 18 or more
Max. : Attained Age at end of Premium Paying Term is 75 or less
Minimum Sum Assured : Rs. 200,000
Minimum Premium : Rs. 18,000
Premium Payment Frequency
: Annual, Semi-Annual, Quarterly & Monthly
Riders+
Copyright Birla Sun Life Insurance Company Limited 2012 12
BS
LI Vision LifeIncom
e Plan – U
IN: 109N
079V02
PR
P:T
RA
/12/
13-1
4/65
2
Plan Details
Choose Sum Assured
High Sum Assured Rebate
Modal Rebate
Pay Frequency Annual Semi-Annual Quarterly Monthly
Rebate 3.0% 1.5% 0.0% 0.0%
Sum Assured Band Band 1 Band 2 Band 3
Rebate per 1000 SA Nil 2.50 3.50
Sum Assured Band Band 1 Band 2 Band 3
Sum Assured (Rs.) 200,000 to 399,999 400,000 to 799,999 800,000 +
If chosen payment method is ECS, a premium rebate of 3.0% is offered irrespective of the pay frequency.
Riders+
Copyright Birla Sun Life Insurance Company Limited 2012 13
BS
LI Vision LifeIncom
e Plan – U
IN: 109N
079V02
PR
P:T
RA
/12/
13-1
4/65
2
Bonuses
Simple Revisionary Bonus based on bonus rate declared by BSLI
Terminal Bonus
BSLI will declare new bonus rate from time to time
Riders+
Copyright Birla Sun Life Insurance Company Limited 2012 14
BS
LI Vision LifeIncom
e Plan – U
IN: 109N
079V02
PR
P:T
RA
/12/
13-1
4/65
2
Death Benefit Death of the Life Insured during the premium paying term Sum Assured(1); plus Accrued bonuses as of date of death; plus Terminal bonus (if any)
Death of the Life Insured after the end of the premium paying term Sum Assured(1); plus Bonus from the current policy year; plus Terminal bonus (if any)
Survival Benefit At the end of the premium paying term Accrued bonuses till date
Each subsequent policy anniversary after premium paying termIncome Benefit of 5.0% of Sum Assured; plusBonus from the current policy year
(1) Sum Assured payable on death / maturity shall never be less than 105% of total premiums paid to date (excluding any applicable rider premium and/or underwriting extras)
Riders+
Copyright Birla Sun Life Insurance Company Limited 2012 15
BS
LI Vision LifeIncom
e Plan – U
IN: 109N
079V02
PR
P:T
RA
/12/
13-1
4/65
2
Riders+
Maturity Benefit In the event the life insured survives to the end of the policy term, BSLI will pay
Sum Assured(1); plusTerminal bonus (if any)
Surrender Benefit Higher of Guaranteed Surrender Value or Special Surrender Value
Guaranteed Surrender Value = Percentage of total premiums paid (excluding service tax & underwriting extras) plus surrender value of accrued regular bonuses less survival benefit already paid..
The Guaranteed Surrender Value will vary depending on the premium paying term and the year the policy is surrendered.
Copyright Birla Sun Life Insurance Company Limited 2012 16
BS
LI Vision LifeIncom
e Plan – U
IN: 109N
079V02
PR
P:T
RA
/12/
13-1
4/65
2
Accidental Death & Disability (UIN:109B018V02)
Rider Sum Assured in the event of accidental death and percentage of Sum Assured in the event of any disability
Rs. 75,000 to
Rs. 50 lacsCritical Illness (UIN:109B019V02)
Rider Sum Assured for illnesses including Heart Attack, Cancer, Stroke or Major Organ Transplant
Hospital Care (UIN:109B016V02)
Daily Cash Benefit, ICU Benefit and Recuperating Benefit
Rs. 1.5 lacsto
Rs. 15 lacs
Surgical Care (UIN:109B015V02)
Major Surgery that directly involves brain, liver, lung or heart (including coronary arteries) and Other Surgery
Waiver of Premium (UIN:109B017V02)
In the event of TPD/CI/Death, all future premiums of the base plan and attached riders will be waived off
Riders+
Copyright Birla Sun Life Insurance Company Limited 2012 17
BS
LI Vision LifeIncom
e Plan – U
IN: 109N
079V02
PR
P:T
RA
/12/
13-1
4/65
2
Policy Loan
Use this policy as a collateral to take loan from BSLI once the policy acquires surrender benefit
-Minimum policy loan is Rs. 5,000
-Maximum is 85% of the surrender benefit as on that date less any o/s policy loan balance
Policy will terminate when o/s policy loan balance exceeds surrender benefit when policy is in reduced paid up status
All benefits payable will be first reduced by any o/s policy loan balance
Reduced Paid up Benefit
Option once premiums are paid for 3 policy years
Sum Assured or 105% of total premium paid to date (excluding any applicable rider premium and/or underwriting extras), if greater will be reduced in proportion to the years for which premiums are paid to the total premiums payable during the premium paying term.
Any reference to Sum Assured in the Benefits payable will be replaced to Reduced Paid-up
Accrued Bonuses to the date of premium discontinuance will not be reduced.
Any bonus payable in the year of premium discontinuance shall be reduced proportionately to the unpaid premiums in that policy year. No further accrual of Bonuses.
Riders+
Copyright Birla Sun Life Insurance Company Limited 2012 18
BS
LI Vision LifeIncom
e Plan – U
IN: 109N
079V02
PR
P:T
RA
/12/
13-1
4/65
2
This is a Traditional Participating Whole Life Plan
Insurance is the subject matter of the solicitation
Tax benefits are subject to changes in tax laws
For more details and risk factors, refer to the product brochure
For Training purpose only
Riders+
Copyright Birla Sun Life Insurance Company Limited 2012 19
BS
LI Vision LifeIncom
e Plan – U
IN: 109N
079V02
PR
P:T
RA
/12/
13-1
4/65
2
Thank You