BSLI Bima Kavach Yojana Plan

• Reduce taxable income by up to Rs. 1,50,000 deduction under section 80C**
• Convenient payment options - annual, half-yearly, quarterly or monthly premium payments
• Do more with plans that offer pure protection, retirement planning and investment options

The Bima Kavach Yojana from Birla Sun Life Insurance Company Ltd. is a three year plan that offers death benefit, maturity benefit as well as surrender benefits. The plan is designed especially for the rural crowd as the company aims to undertake concerted efforts to help the economically weaker sections of society. The plan is designed in a manner such that the repayment capacity of the rural population is also taken into consideration in addition to the low premium payments applicable to the plan. Birla Sun Life Insurance Company Ltd. is working closely with Aditya Birla Group Units as well as a number of non-government organisations across the country to ensure that insurance services are offered to the rural population.

Birla Sun Life Insurance Company Ltd. has created a group to ensure sustainable economic and social development of weaker sections of society via need-based activities for skill enhancement, income generation, micro finance and micro credit, family welfare, health, savings, watershed development, education, etc.

Eligibility – Who is the BSLI Bima Kavach Yojana for

The BSLI Bima Kavach Yojana can be purchased by rural people. However, there are a few restrictions that must be adhered to with regards to the age, which are as follow:

Premium Range – What you get and what it costs

Customers who purchase the BSLI Bima Kavach Yojana will have to pay a one-time premium based on their paying capacity. Following are the amounts you can pay as premiums towards the BSLI Bima Kavach Yojana:

Plan Coverage – What the BSLI Bima Kavach Yojana covers

Following are the main benefits offered by the BSLI Bima Kavach Yojana:

Exclusions – What the BSLI Bima Kavach Yojana does not include

Suicide: In case the life assured commits suicide at any time during the policy term, the company will not pay the actual death benefit. Instead, the amount paid by the policyholder as premium will be refunded to the nominee.

Why you should purchase the BSLI Bima Kavach Yojana

The Bima Kavach Yojana from Birla Sun Life Insurance Company Ltd. is a great option for people who reside in IRDAI villages. According to the guidelines of the IRDAI, villages are defined as those rural areas whose population is less than 5000, and the density of population is less than 400 per square kilometre, and a minimum of 1/4th of the male population depends on agriculture as a source of livelihood. Moreover, the company has grown substantially over the years and has now established itself as one of India’s biggest insurance providers. With a high claim settlement ratio and a customer service team that works round the clock, the BSLI Bima Kavach Yojana is bound to be a profitable purchase for anyone.