Birla Sun Life Insurance Money Back Plus Plan| Benefits | Features

With the BSLI Money Back Plus Plan you receive guaranteed returns and savings along with the freedom to withdraw it when you need it. All this comes with protection that only increases over the years.

Guaranteed Maturity and Survival Benefits

Our plan offers you a Guaranteed Maturity Benefit- i.e. a minimum amount that is guaranteed at the end of the term of the policy, along with a chance to earn survival benefit at the end of every policy year from the 3rd year onwards. This adds up to form your accumulated survival benefits. The Guaranteed Maturity Benefit is the sum of all base premiums that you have paid. And, the younger you are and the longer you stay with the policy the higher the Guaranteed Maturity Benefit will be. You will receive the Guaranteed Maturity Benefit and the accumulated Survival Benefit on maturity.

Flexible withdrawal option

The accumulated survival benefit could be used for cash withdrawals or premium offsets. The minimum cash withdrawal is Rs. 5,000, and you can opt for an offset of future premiums provided the accumulated survival benefits are higher than your annual premium. Alternatively, the accumulated survival benefit would be paid on maturity, surrender or death.

Protecting your family with increased life cover

Every policy year we increase your life cover by an amount equal to your annual base premium. Over the years, your life cover increases, as a result, it provides greater security and protection to your loved ones. The minimum life cover would be ten times the annual base premium.

Other benefits offered

Maturity Preponement: Unfortunate circumstances could bring about a need to prepone the maturity of your policy. In this situation, the plan would pay you an amount equaling the Guaranteed Maturity Benefit minus the early maturity adjustment, along with your accumulated survival benefits. Preponement is possible only after ten completed policy years. Also no deduction is made if preponement is after 20 policy years.

Surrender Benefit: On surrender of your policy before the completion of ten policy years, your base premiums multiplied by a percentage (refer to table below) plus your accumulated survival benefit would be paid to you. The policy acquires a surrender benefit only if premiums have been paid for 3 full years.


Policy Year of Surrender

1-2	3	4	5	6	7	8	9	10

0%	25%	30%	35%	45%	55%	65%	75%	85%

The ADD Rider: You can also opt for the Accidental Death and Dismemberment Rider (ADD).

Features –


Entry Age	30 days to 60 years

Policy Term	Minimum-10 years Maximum-70 minus your current age Subject to Maximum 40 years

Premiums	Minimum: Rs. 9,600 per annum You can choose your annual base premiums only in multiples of Rs. 1,200

Premium Paying Frequency	Annually, half yearly, quarterly or monthly, as per your convenience

Tax Benefit	Under Section 80C and 10(10D)

Premium and Survival Benefit Bands	Linked to your annual base premiums Explained below


Survival Benefit 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

Know about more plans – Birla Sun Life Insurance

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Tags: Birla Sun Life Insurance, Life Insurance, Money Back Plus Plan