Birla Sun Life Insurance Company Ltd., a subsidiary of Aditya Birla Nuvo Ltd., has introduced two non participating Unit Linked Insurance (ULIP) plans - BSLI Dream Endowment Plan and BSLI Classic Endowment Plan. These products offer customers a balance of savings and protection elements to meet their evolving needs.
While BSLI Dream Endowment Plan gives customers the promise of receiving a guaranteed savings amount on maturity, BSLI Classic Endowment plan offers the flexibility of choosing the investment option of his/her choice. BSLI Dream Endowment Plan is apt answer for individuals seeking guaranteed returns on maturity while BSLI Classic Endowment plan offers a Self-Managed Option that provides customers access to BSLI’s well-established suite of 10 investment funds.
Through this option, BSLI Classic Endowment customers will have complete control on how to invest premiums and full freedom to switch from one investment fund to another at any given time.
Commenting on the launch, Fabien Jeudy, Chief Actuarial Officer, Birla Sun Life Insurance said, “Both plans are designed such that they can fulfill long term investment and insurance objectives of customers. While both the plans come with advanced built-in features like, Enhanced Sum Assured, and additional Rider benefit; BSLI Dream Endowment offers the Guaranteed Savings Amount benefit and BSLI Classic Endowment gives customers the much needed Investment flexibility. We are hoping that these offerings will be well received by customers and benefit them in securing their financial needs with us. ”
Key benefits of BSLI Dream Endowment Plan
Provides guaranteed savings on maturity date of choice
Flexibility to choose the premium amount and policy term
Option of enhancing the sum assured in order to increase financial security
Benefit of additional 5 riders
Tax benefits under section 80C and section 10(10D) of the Income Tax Act, 1961
Key benefits of BSLI Classic Endowment Plan:
Investment flexibility – Choice of 10 fund options to direct your savings
Flexibility to choose the premium amount and policy term
Option of enhancing the sum assured in order to increase financial security
Benefit of additional 5 riders
Tax benefits under section 80C and section 10(10D) of the Income Tax Act, 1961