Birla Sun Life Insurance Saral Wealth Plan

Birla Sun Life offers wide range of insurance solution to the customer. BSLI Saral Wealth Plan is a wealth plus protection plan that offers you extra protection for your loved ones and an option to enjoy guaranteed maturity benefits.

The plan offers you two simple investment options to choose from LifeCycle option and Guaranteed option. Under LifeCycle option, the investment is managed over the term of the policy to suit your age and risk profile. Under this option, your premiums are invested between two investment funds, Maximizer (100{7bd3c7ad8bdfca6261de5ca927cd789e17dbb7ab504f10fcfc6fb045f62ae8d5} Equity) and Income Advantage ( 100{7bd3c7ad8bdfca6261de5ca927cd789e17dbb7ab504f10fcfc6fb045f62ae8d5} Debt). With Guaranteed option, your money is solely invested in investment fund called Enhancer. A guaranteed maturity benefit is offered under this option, but you need to pay a extra premium.

Policy Benefits-
Maturity Benefit-
At end of the policy term, the life assured will receive the fund value plus guaranteed addition. In case of guaranteed option, the life assured will receive the higher of fund value or guaranteed maturity benefit plus guaranteed additions.
Death Benefit-
In the event of death of the life assured during the term of the policy, the nominee will receive the sum assured plus the fund value.
Tax Benefit-
Premium amount up to Rs.100,000/- is eligible for tax benefit under section 80C and benefit received under the plan is exempt from tax under section 10(10D) of the Income tax Act,1961.

Policy Features-
1.No medical test is required.
2.Guaranteed addition on your fund value at the end of the policy term.
3.Partial withdrawal is permitted after three continuous policy years with no extra cost. The minimum partial withdrawal amount is Rs.5000/-.
4.Option to surrender the policy anytime during the policy term. On surrender, the fund value is payable.

Policy Detail-
1.Entry Age-18 to 55 years
2.Savings Premium- Rs.10,000/- or more annually
3.Sum Assured-6 times of annual savings premium
4.Premium Paying Term/Policy Term-10pay/10 term, 10pay/20 term and 20 pay/ 20 term
5.Premium Payment Mode-Annually, Half Annually, Quarterly and Monthly.

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