ABSLI Vision Life Plan

BSLI Vision Life Plan offers whole Life cover up to age 100 plus. A Guaranteed Survival Benefit payable at the end of the term selected by the insured. Both the life cover and survival benefit will grow with Monthly Additions accrued at the end of each policy month as long as the due premiums are paid.

• This is a Whole Life Plan with Limited Payment Option.
• Guaranteed Survival Benefit is paid on survival till the end of the Tenure chosen but the policy continues beyond till the Life Insured is 100 years of age.
• Premium needs to be paid till the end of the GSB Term.
• This plan has Monthly additions that accrue as long as the premium is paid.

• The plan provides monthly addition during the GSB term which is declared at the start of the financial year, if the GSB tenure is more than 21 years, this monthly addition rate is enhanced for each year exceeding the 21st year.
• There are 5 Additional riders available with the plan.

• Maturity Benefit:
  In the event the life insured survives till the end of the policy term, we shall pay the Sum Assured as the Guaranteed Maturity Benefit. The policy shall be terminated once the Maturity Benefit is paid.
• Survival Benefit:
  In the end of the Guaranteed Survival Benefit (GSB) Term, the Sum Assured + Accrued Monthly Additions + Enhanced Monthly Additions for the tenure of more than 21 years would be paid as the Survival Benefit and the policy continues.
• Death Benefit:

1. In case of the death of the Life Insured within the Policy Tenure, i.e., before the Life Insured is 100 years old, then Death Benefit is paid to the nominee and the policy would be terminated.
2. Within the GSB Term, the Sum Assured + Accrued Monthly Additions till date of death + Enhanced Monthly Additions for the tenure of more than 21 years, would be paid as Death Benefit.
3. After the GSB Term, the Sum Assured would be paid as Death Benefit

• Accidental Death & Disability:
  Provides for the payment of an additional amount, if death occurs as a result of an accident by an outward, violent and visible means before age 75 years.
• Critical Illness:
  On diagnosis of any of the four illnesses - Heart Attack, Cancer, Major Organ Transplant and Stroke, the sum insured paid is upto 100% of the Rider Sum Assured.
• Surgical Care Rider:
  In the case the insured is hospitalised due to a surgery, he will be paid a lump sum amount to cover his expenses.
• Hospital Care Rider:
  In the event the insured is hospitalised for treatment, they will receive a Daily Cash Benefit to take care of their recuperation expenses.
• Waiver of Premium:
  Incase the life insured is unable to pay the premiums due to disability, critical illness or an untimely demise, all future premiums will be waived off , but the benefits will continue.

If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of issuance of the Policy, the Policy shall be void and the Company will only be liable to pay the premiums paid till date.

Tax Benefit

Tax Benefit under Section 80C, 80D and Section 10(10D) of the Income Tax Act, 1961.

Know Claim process of BSLI Vision Life Plan

Claim Process

Aditya Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya Birla Group, a well known Indian conglomerate and Sun Life Financial Inc, one of the leading international financial services organizations from Canada.