BSLI Bachat (Money Back) Plan | Birla Sun Life | Overview | Advantages | Benefits with Illustration

One works very hard and saves regularly to ensure his/her family’s financial security. It is understandable that you would also like your hard earned money to grow. It would be ideal if your savings would offer payouts at regular intervals. The BSLI Bachat (Moneyback) Plan – is a plan that grows your savings and gives you money back at regular intervals.

BSLI Bachat (Moneyback) Plan is a step-by-step savings plan. This insurance plan secures your family’s future by not just growing your regular savings, but by providing you money at regular intervals as well. You also get the security of a life cover through the tenure of the policy.

Grow your regular savings
Receive survival benefits at regular intervals
Safety and liquidity of savings
Life cover to secure your family’s future

Advantages over other investment avenues:

	Safety	Small Savings	Liquidity	Survival Benefits at regular intervals	Life Cover
Bank Fixed Deposits	Yes	Yes	Yes	Yes	No
Public Provident Fund	Yes	Yes	Yes	No	No
Post Office Time Deposits	Yes	Yes	No	No	No
National Savings Certificates	Yes	Yes	No	No	No
BSLI Bachat (Moneyback) Plan	Yes	Yes	Yes	Yes	Yes

How BSLI Bachat (Moneyback) Plan work?

You choose your Monthly Base Premium amount that belongs to one of the following bands:

Band 1: Rs. 400 – Rs. 599 per month
Band 2: Rs. 600 – Rs. 899 per month
Band 3: Rs. 900 and above per month

Once you have chosen your premium amount, you receive a series of benefits as follows:

You will get a life cover for the financial security of your family.
You stand to receive premium rebates for choosing annual and semi-annual mode of payment. You get a rebate of 4% if you choose to pay annually, and 2% for semi-annually.
You will receive a regular payout equal to 20% of Monthly Base Premiums paid, on the 5, 10 and 15 policy anniversary.
On maturity, you will receive a lump sum which you can use to fulfill your dreams and goals.
You have the advantage of liquidity on your savings to access your money any time you need it after three policy years.
You have the option of double life cover in case of accidental death, for a nominal additional premium, to ensure enhanced financial security of your family.

Benefits:

Survival Benefit: You will receive 20% of Monthly Base Premiums paid, on the 5, 10 and 15 policy anniversary.
Maturity Benefit: On maturity after 20 years, you will receive All Monthly Base Premiums paid + All Bachat Additions earned + Loyalty Addition – All Survival Benefits paid.
Death Benefit : In the event of an untimely demise of the life insured, the nominee shall receive All Monthly Base Premiums paid (or Sum Assured, if higher) + All Bachat Additions earned + Loyalty Addition – All Survival Benefits paid.
Your surrender benefits include All Monthly Base Premiums paid from the second year onwards multiplied by the surrender factor the (following table) + After 10 policy year, all Bachat Additions earned + After the 15 policy year, Loyalty Addition earned (less all Survival
Benefits paid).

The surrender factor is 100% after completing 10 policy years. However before 10 years are over, you will receive the following:

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

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

Policy	Base Premium	Survival	Bachat Addition	Loyalty	Total Additions Payable on
Year	Annual	Paid	Benefit	Earned	Payable	Addition	>Death	Surrender
	[a]	[b]	[c]	[d]	[e]	[f]	>[g]	[h]
1	6,000	6,000	0	300	300	1	>301	—
2	6,000	12,000	0	600	900	7	>907	—
3	6,000	18,000	0	900	1,800	27	>1,827	—
4	6,000	24,000	0	1,200	3,000	75	>3,075	—
5	6,000	30,000	6,000	1,200	4,200	147	>4,347	—
6	6,000	36,000	0	1,500	5,700	271	>5,971	—
7	6,000	42,000	0	1,800	7,500	469	>7,969	—
8	6,000	48,000	0	2,100	9,600	768	>10,368	—
9	6,000	54,000	0	2,400	12,000	1200	>13,200	—
10	6,000	60,000	12,000	2,100	14,100	1657	>15,757	14,100
11	6,000	66,000	0	2,400	16,500	2269	>18,769	16,500
12	6,000	72,000	0	2,700	19,200	3072	>22,272	19,200
13	6,000	78,000	0	3,000	22,200	4107	>26,307	22,200
14	6,000	84,000	0	3,300	25,500	5419	>30,919	25,500
15	6,000	90,000	18,000	2,700	28,200	6627	>34,827	34,827
16	6,000	96,000	0	3,000	31,200	8112	>39,312	39,312
17	6,000	102,000	0	3,300	34,500	9919	>44,419	44,419
18	6,000	108,000	0	3,600	38,100	12097	>50,197	50,197
19	6,000	114,000	0	3,900	42,000	14700	>56,700	56,700
20	6,000	120,000	0	4,200	46,200	17787	>63,987	63,987

	All Entry Ages		Entry Age 13 to 40		Entry Age 41 to 50		Entry Age 51 to 60
Policy	Surrender Benefit		Death Benefit		Death Benefit		Death Benefit
Year	Gtd	Total	Gtd	Total	Gtd	Total	Gtd	Total
	[i]	[i]	[k]	[l]	[k]	[l]	[k]	[l]
1	—	—	90,000	90,301	60,000	60,301	30,000	30,301
2	—	—	90,000	90,907	60,000	60,907	30,000	30,907
3	3,600	3,600	90,000	91,827	60,000	61,827	30,000	31,827
4	7,200	7,200	90,000	93,075	60,000	63,075	30,000	33,075
5	6,000	6,000	84,000	88,347	54,000	58,347	24,000	28,347
6	12,000	12,000	84,000	89,971	54,000	59,971	30,000	35,971
7	19,200	19,200	84,000	91,969	54,000	61,969	36,000	43,969
8	27,600	27,600	84,000	94,368	54,000	64,368	42,000	52,368
9	37,200	37,200	84,000	97,200	54,000	67,200	48,000	61,200
10	36,000	50,100	72,000	87,757	42,000	57,757	42,000	57,757
11	42,000	58,500	72,000	90,769	48,000	66,769	48,000	66,769
12	48,000	67,200	72,000	94,272	54,000	76,272	54,000	76,272
13	54,000	76,200	72,000	98,307	60,000	86,307	60,000	86,307
14	60,000	85,500	72,000	102,919	66,000	96,919	66,000	96,919
15	48,000	82,827	54,000	88,827	54,000	88,827	54,000	88,827
16	54,000	93,312	60,000	99,312	60,000	99,312	60,000	99,312
17	60,000	104,419	66,000	110,419	66,000	110,419	66,000	110,419
18	66,000	116,197	72,000	122,197	72,000	122,197	72,000	122,197
19	72,000	128,700	78,000	134,700	78,000	134,700	78,000	134,700
20	84,000	147,987	84,000	147,987	84,000	147,987	84,000	147,987

Notes:
[a] = MBP x 12.
[b] = MBPs paid to date or sum of [a] to date.
[c] = 20% of [b], paid on the 5th, 10th and 15th policy year.
[d] = ([b] – sum of [c] paid to date) x Bachat Addition Rate of 5.00%.
[e] = Bachat Additions earned to date or sum of [d] to date.
[f] = [e] x Ratio of [e] over 240 x MBP.
[g] = [e] + [f].
[h] = [e] after 10 years + [f] after 15 years.
[i] = (Surrender Factor x [b] less MBPs paid in first year) – sum of [c] paid to date. 100% x [b] – sum of [c] paid to date in 20th policy year.
[j] = [i] + [h].
[k] = [b] or 180 x MBP for entry ages 13 to 40 – sum of [c] paid to date = [b] or 120 x MBP for entry ages 41 to 50 – sum of [c] paid to date = [b] or 60 x MBP for entry ages 51 to 60 – sum of [c] paid to date.
[l] = [k] + [g]

Plan Summary

Age at Entry	13 – 60 years
Policy Term	20 years
Premium Pay Term	20 years
Monthly Base Premium	Rs. 400 – Rs. 5,000
Sum Assured	Up to 180 times Monthly Base Premium
Premium Payment Frequency	Monthly, Quarterly, Semi-annual and Annual

Entry Age	13 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, and also receive regular payouts to meet your financial requirements at various stages in life. With BSLI Bachat (Moneyback) Plan, safeguard your family’s dreams and aspirations by saving as little as Rs. 400 per month.

Surrender Benefit details:

Assuming that premiums are paid annually, and earn 4% rebate, here are the surrender benefits under different premium bands.

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
Total Survival Benefit
After 10 years	18,000	27,000	36,000
After 15 years	36,000	54,000	72,000
After 20 years	36,000	54,000	72,000
Surrender Benefit
After 10 years	50,100	76,208	103,020
After 15 years	82,827	127,374	174,077
After 20 years	147,987	228,180	312,685
Surrender Benefit plus Total Survival Benefit / Total Premiums Paid
After 10 years	118%	119%	121%
After 15 years	138%	140%	142%
After 20 years	160%	163%	167%
Equivalent Bachat Addition Rate
After 10 years	3.91%	4.17%	4.43%
After 15 years	6.06%	6.45%	6.85%
After 20 years	7.87%	8.35%	8.83%

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Tags: Birla Sun Life Insurance, BSLI Bachat (Money Back) Plan, Insurance