| BSLI Rainbow insurance plan that gives you a guaranteed return on maturity that is tax free and the financial security of a life cover. |
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| How Does the BSLI Rainbow work |
- You choose the single premium amount you want to invest
- You choose the policy term from options of 5 years and 10 years Your Benefits
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| Your Benefits |
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- Maturity Benefit: You will receive a guaranteed amount on maturity. Your maturity benefit is equal to
- Maturity Sum Assured; plus
- All Guaranteed Monthly Additions earned to date; plus
- Guaranteed Final Addition
Please ask you financial advisor for the Maturity Amount applicable to you - Death Benefit: In the unfortunate event of death of the life insured, the nominee shall receive the Basic Sum Assured. The Basic Sum Assured is 5 times the single premium amount
- Surrender Benefit: In case of emergency fund requirements, you can surrender your policy anytime after 1st policy year and receive
- 90% of the Maturity Sum Assured; plus
- Guaranteed Monthly Additions earned to date
- Policy Loans: You can also avail loans on your policy.
- Tax Benefits: You will also be eligible for tax benefits as per the extant laws.
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| Earn Guaranteed Monthly Additions and a Guaranteed Final Addition |
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| Guaranteed Monthly Additions |
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| At the end of every month you will earn Guaranteed Monthly Addition. Your Guaranteed Monthly Addition is calculated as: |
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| Guaranteed Monthly Addition Rate x Maturity Sum Assured/1000 |
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| Please ask your financial advisor for the Guaranteed Monthly Addition Rates applicable to you. |
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| Guaranteed Final Addition |
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| We reward you for your loyalty with a Guaranteed Final Addition on maturity. |
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| Policy Term | Guaranteed Final Addition | | 5 years | 6 Guaranteed Monthly Additions | | 10 years | 12 Guaranteed Monthly Additions | |
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| Illustration of Benefits |
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| Entry Age | : 30 years | | Policy Term | : 10 years | | Single Premium | : Rs. 1,00,000 | | Basic Sum Assured | : Rs. 5,00,000 | | Maturity Sum Assured | : Rs. 92,630 | | Guaranteed Monthly Addition | : Rs. 685 | | Guaranteed Final Addition< | : Rs. 8,226 | | Maturity Benefit | : Rs. 1,83,111 | |
| The above are illu strative value for healthy male, assuming Guaranteed Monthly Addition Rate of 7.40 per 1000 Maturity Sum Assured |
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| Plan Summary |
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| Entry Age | 8 – 60 years, subject to minimum attained age of 18 at maturity | | Policy Term | 5 or 10 years | | Pay Term | Single pay | | Single Premium | Minimum Rs. 50,000 | | Basic Sum Assured | 5 times Single Premium | |
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