Bula Smart

Long term financial planning should be smart and simple while assisting you fulfill your life plans, whatever they may be. With Bula Smart you get the opportunity to have the valuable support required to realise your life plans. With a limited premium paying term, three policy terms to choose from and cash payouts before and on maturity, you have the ability to get a life insurance cover that is smart enough to suit your needs. Bula Smart also responds to the need for financial protection of dependents and provides a lump sum payment on death, if accidental in the first five years and through other cause thereafter.

Best of all, Bula Smart does not require medical underwriting providing ease of life insurance cover for you and your loved ones. Let Bula Smart help you fulfil your life plans and enjoy the peace of mind knowing that your loved ones are protected with financial security.

Features and Benefits

  • Hassle free application, where medical underwriting assessment is not applicable.
  • Pay premiums for the first 10 years only regardless of the policy term taken.
  • Receive cash returns of 25% of your chosen sum insured in the last three years of the policy term preceding maturity.
  • Receive 25% of the sum insured with declared bonuses at the end of your policy term.
  • Accumulate wealth on your policy with annual bonuses calculated on a compounding basis based on your chosen sum insured.
  • Select a policy term of 15, 20 or 25 years.
  • Choose a sum insured from $15,000 to $250,000 to suit your needs. The maximum sum insured is on a per insured basis.
  • Cover is available up to age 74.
  • You enjoy the security of worldwide protection 24/7.
  • This is a unique product only available with BSP Life.

Here is an example of payouts, including maturity payment for the different policy terms. The information shown is an illustration only.

 

Policy Term (yrs)  Years and percentage payouts
   Year 1  Year 10  Year
12
 Year
13
 Year
14
 Year 15  Year
16
 Year
17
 Year
18
 Year
19
 Year 20
 Year
21
 Year
22
 Year
23
 Year
24
 Year 25
 15

 Start
paying
premiums

 End
paying
premiums
 25%  25% 25%
 25%
plus
declared
bonuses
                   
 21  Start
paying
premiums
End
paying
premiums 
       
 25%  25%  25%  25%
plus
declared
bonuses
         
 25  Start
paying
premiums
End
paying
premiums 
 

   
         25%  25%
 25%  25%
plus
declared
bonuses

* Note - The percentage payout is a portion of the base sum insured and the longer the policy term, the greater the accumulation of bonuses providing greater overall returns.

 

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