Birla Sun Life launches Vision LifeSecure Plan

If the life insured survives till age 100, guaranteed death benefit shall be payable, BSLI says

October 28, 2013 10:01 IST | India Infoline News Service
Birla Sun Life Insurance, the life insurance arm of the Aditya Birla Financial Services Group, has launched traditional participating whole life insurance plan, BSLI Vision LifeSecure Plan. This traditional plan offers an ideal combination of regular bonuses throughout the policy term and life insurance benefit till the age of 100.

Birla Sun Life Insurance’s Vision LifeSecure Plan offers maturity and death benefit including regular accrued bonuses and terminal bonus, if any. There is flexibility to choose the sum assured and the policy term at inception. In the event the insured survives to the end of the policy term, a maturity benefit is payable to the policyholder. The insurance cover will continue till the insured attains 100 years of age. In case of death during this period or survival to age 100 (whichever first), the guaranteed death benefit is payable.

Jayant Dua, MD & CEO, Birla Sun Life Insurance, says, “The overall life expectancy in India across age groups has grown with the average longevity per person improving. With benefits payable on maturity and life cover beyond the term of the policy up to 100 years of age, BSLI Vision LifeSecure Plan offers a combination of savings and comprehensive financial protection to you and your family.”

The policy also offers a simple reversionary bonus at the end of each financial year during the policy term and that will be added to the policy on its policy anniversary. The company may also pay a terminal bonus on, maturity or death, if earlier, based on the actual experience and the prevailing economic conditions.

Benefits of Vision LifeSecure Plan include:
On Maturity:
  • Sum Assured; plus
  • Accrued regular bonuses; plus
  • Terminal Bonus; if any
Death Benefit:
During policy term
  • Guaranteed Death Benefit; plus
  • Accrued regular bonuses as on date of death; plus
  • Terminal Bonus; if any
After policy term
  • Guaranteed Death Benefit

If the life insured survives till age 100, Guaranteed Death Benefit shall be payable.

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