Have you often wondered about an investment vehicle, which provides financial protection for your family and earns good returns for you? Wouldn’t you want an insurance plan which helps you realize your financial dreams?
BSLI Wealth Max plan – a single premium unit linked insurance plan.
How does BSLI Wealth Max Plan work?
Step 1
Choose how much you want to pay and how long you want to remain invested
BSLI Wealth Max Plan has three options of policy term, i.e. the amount of time for which you wish to remain invested – 7 years, 10 years and 15 years. For 7 years’ policy term, the minimum premium payable is Rs 5,00,000 and for the other two, it is Rs 1,00,000.
Step 2
Choose your Basic Sum Assured
Basic Sum Assured, i.e. life cover is the amount of financial protection that you provide to your family. You can choose either 125% or 500% of the Single Premium as your Basic Sum Assured.
Plan Summary
Entry Age (age as of last birthday):3 – 60 years, subject to minimum attained age of 18 at maturity
Policy Term 7, 10 or 15 years:7, 10 or 15 years
Premium Paying Term :Single pay
Basic Premium Minimum :Minimum 500,000 for Policy Term of 7 years
Minimum 100,000 for Policy Term of 10 or 15 years
Basic Sum Assured :1.25, 5, 10 times the Basic Premium based on policy term and age
Investment Option of BSLI Wealth Max Plan Self-Managed Option
Self- Managed Option gives you access to our well established suite of 13 investment funds, complete control in how to invest your premium and full freedom to switch from one investment fund to another at any time provided the switched amount is for at least Rs. 5,000.
Benefits of BSLI Wealth Max Plan
Guaranteed Additions
Death Benefit
In the unfortunate event the life insured dies while the policy is in effect, we will pay to the nominee the greater of Basic Fund Value as on date of intimation of death; or Basic Sum Assured Plus higher of the Top Up Fund value as on date of intimation of death or Top Up Sum Assured. Death benefit shall never be less than 105% of total premiums paid to date (excluding any applicable underwriting extras).
Surrender Benefit
In case of emergencies, you can surrender your policy to us anytime during the policy term.
Maturity Benefit
You will receive the Fund Value at maturity.
Policy Charges
The charges under this plan are Premium Allocation Charge, Fund Management Charge, Policy Administration Charge & Mortality Charge.
