BSLI Bachat (Endowment) Plan

BSLI Bachat (Endowment) Plan we understand that while you are working to provide for your family you also want to save for your future. You want to be able to provide for your child’s education, to buy a house or other needs in the future.

How can you provide for these?

Save regularly over 10 – 15 years Small affordable saving amounts Have Safety and liquidity of savings Financial security for your family’s future

How do various investment avenues help you save for your goal?

There are a range of investment avenues available, but you need to identify and pick the one that suits your needs. Here’s a quick look at what few investment avenues can offer you:

Safety Small Savings Liquidity Life Cover Bank Fixed Deposits Yes Yes No No Public Provident Fund Yes Yes No No Post Office Time Deposits Yes Yes No No National Savings Certificates Yes Yes No No BSLI Bachat (Endowment) Plan Yes Yes Yes Yes

BSLI Bachat (Endowment) Plan is a regular savings plan that provides you a lump sum and life protection.

Here’s how BSLI Bachat (Endowment) Plan works:

What you choose: What you receive: Convenient base premium amount: Band 1: Rs. 400 – Rs. 599 per month Band 2: Rs. 600 – Rs. 899 per month Band 3: Rs. 900 and above Life cover to financially secure your family Premium Rebates: Annual = 4% Semi-Annual = 2% On Maturity, you get a lump sum which can be used for your goals Liquidity of savings so you can access your money any time Option to double life cover for a nominal additional premium for enhanced financial security

What are your benefits with BSLI Bachat (Endowment) Plan?

Maturity Benefit: On maturity, you will receive: All Monthly Base Premiums paid + All Bachat Additions earned + Loyalty Addition

Death Benefit: In the unfortunate event of death, the nominee will receive: All Monthly Base Premiums paid (or Sum Assured, if higher) + All Bachat Additions earned + Loyalty Addition

Surrender Benefit: On surrender, you will receive: All Monthly Base Premiums paid from the 2nd year onwards x the surrender factor below; plus After the 10th policy year, all Bachat Additions earned; plus After the 15th policy year, the Loyalty Addition

The surrender factor is 100% after completing 10 policy years, otherwise it is

Policy Year of Surrender 3 4 5 6 7 8 9 10+ Surrender Factor 30% 40% 50% 60% 70% 80% 90% 100%

Here’s how your Surrender Benefit works:

Let’s take a look at the surrender benefits under different premium bands, assuming that the premium are paid annually and earn 4% rebate:

Band I II III MBP Range (in Rs.) 400 to 599 600 to 899 900 + Bachat Addition Rate 5.00% 5.25% 5.50% MBP chosen by you 500 750 1,000 MBP x 12 6,000 9,000 12,000 Annual Premium paid by you 5,760 8,640 11,520 Surrender Benefit After 10 years 70,500 106,988 144,300 After 15 years 130,800 200,561 273,336 After 20 years 216,075 333,923 458,642 Surrender Benefit / Total Premiums Paid After 10 years 122% 124% 125% After 15 years 151% 155% 158% After 20 years 188% 193% 199%

Accidental Death Benefit – Optional Rider for Entry Ages 18 to 50

For an extra 1.2% of MBP additional Sum Assured is paid in case of accidental death.

Extra 180 x MBP payable in case death is accidental for entry ages 18 to 40. Extra 120 x MBP payable in case death is accidental for entry ages 41 to 50.

Plan Summary

Age at Entry: 30 days – 60 years Policy Term: 20 years Premium Pay Term: 20 years Monthly Base Premium: Rs. 400 – Rs. 5,000 Sum Assured: Upto 180 times Monthly Base Premium

The Sum Assured depends on the Entry Age as follows:

Entry Age 0 to 40 41 to 50 51 to 60 Sum Assured 180 x MBP 120 x MBP 60 x MBP

Now you can build a corpus through regular systematic savings through additions every year at maturity. Bachat (Endowment) Plan, ensure and protect your family’s dreams and aspirations by saving as little as Rs. 400 per month.