If the insured dies after the premium paying term when the Survival Benefits are being paid, the benefit would be as follows: Sum Assured + accrued bonuses till death + any Terminal Bonus, subject to the benefit being a minimum of 105% of the premiums paid till death If the insured dies during the Premium Paying Tenure, the death benefit payable would be as follows:
The plan also pays benefits after a specified period thus fulfilling the saving need along with the protection need of individuals. Birla Sun Life Insurance-Vision LifeIncome Plan ReviewīSLI Vision LifeIncome Plan is a traditional Whole of Life Insurance Plan which provides coverage for the entire lifetime of the insured.