Birla Sun Life Foresight Plan

Birla-Sun- Life- Foresight- Plan

It is a very good unit linked plan by Birla Sun Life Insurance. Unit linked plans increase the beauty of insurance by capturing maximum merits from the equity markets. Birla Sun Life Foresight Plan is an idle plan by Birla Sun Life Insurance.

Minimum age at entry is 8 years. Maximum age at entry is 60 years. Policy term is 10 years.  There are two options available in this plan. One is One pay and another is Five pay. Minimum premium in one pay is Rs 200000/. Minimum premium in five pay is Rs 100000/.

Sum assured conditions (One Pay)

If the entry age is below 45 years, the sum assured will be 1.25 X basic premium. If the entry age is above 45 years, sum assured will be 1.1 X basic premium. Maximum sum assured will be 5 X basic premium.

Sum assured conditions in (five pay)

If the entry age is below 45 years, the basic sum assured will be 10 X basic premium. If the entry age is above 45 years, minimum sum assured will be 7 X annual premium. Maximum sum assured will be 300% of basic premium. There are two investment options in this plan. They are guarantee option and self managed option. In guarantee option, your money will be invested in new generation foresight fund. There will be guarantee maturity benefit. Self managed option enables to manage your fund yourself. There are 10 different funds available in this plan. 100% equity and debt funds are available. Funds are income advantage, assure, protector, enhancer, creator, magnifier, maximiser, multiplier and super 20.

Different fund options in this plan.

1) Income advantage fund, 2) Assure fund

100% of amount is invested in debt market instruments.

3) Protector fund

90% to 100% of amount is invested in debt market instruments and up to 10% of amount is invested in equities.

4) Builder fund

80% to 90% of amount is invested in debt market instruments and 10 to 20% of amount is invested in equities.

5) Enhancer fund

65% to 80% of amount is invested in debt market instruments and 20% to 35% of amount is invested in equities.

6) Creator fund

50 % to 70% of amount is invested in debt market instruments and 30% to 50% of amount is invested in equities.

7) Maximiser fund, 8)Multiplier fund, 9) Super 20 fund

Up to 20% of amount is invested in debt market instruments and 80% to 100% of amount is invested in equities

Maturity benefit

If you select the guaranteed option, you will receive the guarantee maturity benefit. If you select the self managed option, you will receive the fund value on maturity. Basic sum assured plus fund value will be the death benefit. Death benefit will not be less than 105% of the total premiums paid. Partial withdrawals done will be reduced from the death benefit. Loan facility is also available in this plan.

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