Description: Birla Sun Life Insurance Gold Plus Plan is a unit linked, non-participating, insurance plan for duration of 8 years. It is a simple, hassle free plan which helps you to strike the right proportion between protection and savings. Our plan offers you the convenience of paying for a limited period of 3 years with the flexibility to reduce premium (subject to minimum of INR 10000) from the second policy year onwards without reduction in sum assured. The plan, also offers you the benefits of top-up besides providing liquidity in the form of partial withdrawals and surrender benefits.
Our plan has eight fund options, which provides you the flexibility of allocating premiums in varying proportions into different fund options and achieves superior investment returns. Free unlimited switches and premium redirection give you an opportunity to optimize your returns.
Features:
1) Eight Fund Options including a 100% equity option: You can choose from a wide range of investment funds according to your risk appetite. Also, with this plan you will have a golden opportunity to higher your return on investments by investing in 100% equity option - Maximiser.
2) Manage your investment fund portfolio: Free unlimited switches and premium redirection - This plan allows you to monitor your investment fund performance and you can change its portfolio according to your preferences at different stages through free unlimited switches and premium redirection.
3) Short pay option-3 pay: Convenient short pay option that allows you to pay your premiums for 3 years only thus avoiding the hassle of paying regular premiums.
4) Premium Flexibility: This plan offers you the flexibility to reduce your premiums from the 2nd year depending upon your financial situation.
5) Liquidity: This plan offers you good liquidity through Partial withdrawals and Surrender. After three years you will have the option to surrender the policy. Free unlimited partial withdrawals after 3 policy years allowed subject to a minimum withdrawal amount of Rs.5000.
Benefits:
1) Maturity Benefit: On maturity, your fund value will be paid to you.
2)Death Benefit: In the unfortunate event of the death of the life insured prior to the maturity date of the policy, we will pay to the nominee the greater of (a) the fund value or (b) the sum assured reduced for partial withdrawals as follows:
reduced by partial withdrawals made in the preceding two years.
3)Tax Benefits:
Eligibility:
Entry Age: 18 years to 70 years.
Minimum Premium: INR 50,000.
Minimum Sum Assured: 5 times Annual Premium.
