Birla Sun Life Insurance Savings Plan

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Call 0 94 8300 8300 (India)

	PRODUCT FEATURES: This is a traditional participating plan and will pay an additional sum assured in case of accidental death. It offers guaranteed additions for the first five years of the policy term. POLICY TERM & PREMIUM PAYMENT TERM: Customers can opt for a policy term of 10, 15 and 20 years. In case you have opted for a policy term of 15 years, the premium payment term will be 10 years. For a policy term of 20 years, you can opt for 10 years or 15 years of premium payment term. The minimum sum assured is Rs 30,000, while the maximum sum assured can go up to Rs 10 lakh. ENTRY AGE: The minimum age of entry is 18 years while maximum is 50 years. DEATH & MATURITY BENEFIT: In case the policyholder dies during the policy term, the plan will pay higher of the sum assured or 10 times the annual premium, along with accrued guaranteed additions plus bonuses ed additions plus bonuses accrued. In case the policyholder dies due to an accident, the nominee is paid an additional amount sen equal to the life cover cho at the policy inception. But if the life insured survives, the plan pays the sum assured along with the same benefits. BONUSES: The insurer will declare simple rever sionary bonuses regularly at the end of each financial year, which will be added to the policy. In case of surrender, the surrender value of the bonuses will be payable. The regular bonus rate declared by the insurer will depend on the prevailing economic conditions. Future bonuses are, however, not guaranteed, and will depend on the future profits of the participating business. Similarly, the insurer may also pay a terminal bonus on death, surrender or maturity based on the actual experience and the prevailing economic conditions. GUARANTEED ADDITIONS: Guaranteed additions of 40 per thousand sum assured will be added to your policy at the end of each policy year during the first five years. SURRENDER VALUE: As per the insurance regulations, the policy will acquire a surrender value after all due premiums for at least three full policy years are paid.   The internal rate of return comes to 4.34 per cent. It is advisable not to mix insurance with investments. You should instead buy a pure term insurance plan with a cover of 10-15 times your annual income and invest the remaining surplus in a public provident fund (PPF). PPF this year is offering 8.7 per cent return. Even if the returns in a PPF for the coming years falls, they may never go as low as sub-5 per cent level offered in this plan.

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

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Best Performing Mutual Funds

1. Largecap Funds Invest Online
1. DSP BlackRock Top 100 Fund
2. ICICI Prudential Focused Blue Chip Fund
3. Birla Sun Life Front Line Equity Fund
2. Large and Midcap Funds Invest Online

1. ICICI Prudential Dynamic Plan
2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
2. Mid and SmallCap Funds Invest Online

1. Reliance Equity Opportunities Fund
2. DSP BlackRock Small & Midcap Fund
3. Sundaram Select Midcap
4. IDFC Premier Equity Fund
3. Small and MicroCap Funds Invest Online

1. DSP BlackRock MicroCap Fund
4. Sector Funds Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
5. Tax Saver MutualFunds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund
6. Gold Mutual Funds Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund