BSLI Premium Back Term Plan is a unique, low-cost term plan that offers you an assured peace of mind with premium back on maturity.
Optimal life insurance cover This plan offers you optimal life insurance cover at low costs, thus ensuring your family's financial security in case something unfortunate happens to you.
Money back at maturity You receive the total premiums paid over the policy term at maturity.
Choice of maturity benefits The plan offers two maturity benefits to choose from – 100% Premium Back or 125% Premium Back.
Benefit 100% Premium Back Death Sum assured + 100% premium back paid till date Maturity 100% premium back
Benefit 125% Premium Back Death Sum assured + 100% premium back paid till date Maturity 125% premium back
Tax Benefits Investments in this plan are eligible for tax benefits under Sections 80C and 10(10D) of the Income Tax Act, 1961.
More Benefits Death benefit In the event of your unfortunate death, the nominee receives the Sum Assured along with the premiums paid till date.
Riders The plan offers three riders – Accidental Death and Dismemberment Rider, Critical Illness Rider and Waiver of Premium Rider.
Plan Summary Entry Age: Minimum - 18 years Maximum: - 50 years for the 20 year term 55 years for the 10 and 15 years term plan Minimum sum assured : Rs. 2,00,000 Premiuim Paying Frequency: Annually, semi- annually, quarterly or on a monthly basis Tax Benefits : Under Section 80C and 10(10D) of the Income Tax Act, 1961
