Bsli foresight -_key_benefits
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Bsli foresight -_key_benefits

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Bsli foresight -_key_benefits Bsli foresight -_key_benefits Document Transcript

  • BSLI Foresight – Key benefitsDISCLAIMER1) Insurance is the subject matter of the solicitation2) Investment risk in the investment portfolio is borne by the policyholder3) The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital market and the insured is responsible for his or her decision.4) For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale.5) This Document is for Training purpose only and not for solicitation Compliance No. TRA/2/10-11/4491 Page 1/2
  • BSLI Foresight – Key benefits Limited period • Pay for 5 years and get policy term of 10 years premium • Premium payment is through annual mode only payment • Minimum Basic sum assured Choice of sum • = 10 X basic premium (for age < 45 years) assured • = 7 X basic premium (for age => 45 years) • Option to choose sum assured of 150%, 200%, 250% or 300% of minimum basic sum assured Death Benefit • Sum assured + Fund value • All premiums get invested in BSLI Foresight fund • Number of units once allotted will never reduce because of zero policy administration charge Unique benefit • Get the benefit of investing on the best day. Get the lowest NAV during the year of premium payment of Foresight • Lock your gains on the best day in 5 policy years. Value as per highest NAV during 5 policy years is guaranteed • You are guaranteed HIGHER of following o “Value as per highest NAV during 5 policy years + Benefit of lowest NAV during year of premium payment” OR o Value as per highest NAV during 7 policy years Maturity Benefit • Get higher of guaranteed amount (as shown above) or value as per actual NAV at maturity, whichever is higher • Unlimited partial withdrawals after 5 policy years or age 18 of life insured (whichever is later) Liquidity • In case of making partial withdrawal, the guarantees will be reduced proportionately • Loans available Advance • Facility to pay 5 premiums in advance at policy inception Premium • Discount of 5% per year on renewals paid in advance as per the below table PayPOLICY YEAR PREMIUM DISCOUNT FACTOR PREMIUM PAYABLE 1 1,00,000 0 1,00,000 2 1,00,000 5% 95,000 3 1,00,000 10% 90,000 4 1,00,000 15% 85,000 5 1,00,000 20% 80,000 TOTAL PREMIUM PAYABLE (Rs.) 4,50,000Please refer product brochure for further details Page 2/2 Compliance No. TRA/2/10-11/4491