INVEST MONEY AND EARN HIGHEST GURRENETED RETURN ON MONEY
By: ranjit padhiyar on Sunday, March 07, 2010, 04:55:28 PM
0 Reponses

 

BSLI Secure 58 Plan

 

After working hard your whole life, money should be the last thing you have to worry about when you retire. It's your time to relax and enjoy the fruits of your work.

With BSLI Secure 58, you can be rest assured that you have a guaranteed corpus of funds at the threshold of retirement, plus the accumulated survival benefit that you collect over the years.

 

Guaranteed Vesting Benefit

 

On the vesting date of your choice, you receive an amount which is guaranteed right at the beginning, you have to just ensure that you have paid your premiums regularly. This amount depends on your age at entry and the number of years for which your money is accumulated before it is paid back to you.

 

Growth In Savings

 

In addition to the Vesting benefit that you will receive on vesting, this plan also enables you to earn a survival benefit. This is an amount of money that you may earn at the end of every policy year from the 3rd year onwards.

You will receive this amount either on vesting or surrender, or in the unfortunate event of your death during the term of the policy.

 

Freedom To Choose Your Annuity

 

On the vesting date of your policy, you will receive the guaranteed vesting benefit as well as the survival benefit. You can use this lump sum amount to purchase an annuity (a product which gives you a regular income during your retirement) from BSLI or any other insurance company.

You also have the option to encash upto 1/3rd of the lump sum that you receive on vesting and use the remaining 2/3rd to purchase a regular stream of income for your retirement. The money that you encash will be tax free in your hands, as per the current income tax laws.

 

Freedom To Access Your Money When You Need It

 

Retirement may be a long way off and Birla Sun Life Insurance understands that you may face an emergency during which you may require your money.

To accommodate this need, the plan allows you to use the money that is accumulated in your survival benefit balance to:

 

Make cash withdrawals, subject to a minimum of Rs. 5,000

 

Offset future premiums, provided your accumulated survival benefits are higher than your annual premium

 

 

 

More Benefits

 

Protection to your family: In the unfortunate event of the death of the policyholder, the nominee will receive the higher of:

75% of the base premium and all renewal base premiums paid.
Or
The surrender value (or the Guaranteed Vesting benefit) at that time pl

 

 

Plan Summary

 

Annual Premium Band

Annual Base Premium Range

Survival Benefit

Band 1

Rs. 9,600 – Rs. 18,000

Base Survival Benefit

Band 2

Rs. 19,200 - Rs. 37,200

5% extra over Base Survival Benefit

Band 3

Rs. 38,400 onwards

7% extra over Base Survival Benefit

 

 

Plan Summary

 

Annual Premium Band

Annual Base Premium Range

Survival Benefit

Band 1

Rs. 9,600 – Rs. 18,000

Base Survival Benefit

Band 2

Rs. 19,200 - Rs. 37,200

5% extra over Base Survival Benefit

Band 3

Rs. 38,400 onwards

7% extra over Base Survival Benefit

 

 

Annual Premium Band

Annual Base Premium Range

Survival Benefit

Annual Premium Band

Annual Base Premium Range

Survival Benefit

INVEST 10000 Rs. and get highest return on your money and it is guaranteed...

 


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