Birla Sunlife Insurance Money Back Plus Plan

Birla Sunlife Money Back Plan, a non-participating endowment plan offers you the Power of Guarantee with Safety and Liquidity. Your family comes first for you and so does their future. Your dreams for your family require strong financial planning. Your savings today may not be enough to power those dreams of tomorrow. Birla Sunlife Money Back Plan helps you to fulfill your dreams. Benefits: The Birla Sunlife Money Back Plan offers: 1)Growth and Liquidity: This plan offers you a chance to earn survival benefit at the end of every policy year from the 3 years onwards. The Survival Benefit can be withdrawn by you or may be used to pay the premium dues. 2)Assurance on Maturity: At maturity, your policy returns you an amount equal to your Guaranteed Maturity Benefit, plus your survival benefit. 3)Increasing Safety: Every policy anniversary, the plan increases your existing cover by an amount equal to the annual base premium. As a result, your cover increases with successive year, thus offering you increasing safety. 4)Survival Benefit: At the end of every policy year starting from the 3 year, you will earn a survival benefit calculated as your total base premiums paid till date multiplied by: . 5% + 60% of any excess of the GSec rate over 7.50%; or . 5% - 75% of any excess of the 7.50% over the GSec rate. Eligibility: 1)Age: 60 years of age or younger. The plan cannot be sold to less than 30 days old babies. 2)Term: Looking to invest for more than 10 years. The maximum term for this product is (70 minus your current age) subject to maximum of 40 years. 3)Amount of Investment: Looking to invest at least Rs.9600 per annum. While there are no limits on the amount you can invest in this plan. You can choose your annual base premiums only in multiples of Rs.1200 per annum over the minimum premium of Rs.9600.