BSLI Platinum Advantage Plan is a traditional term insurance plan offered by Birla Sun Life Insurance Company Limited as a part of its insurance solutions to the middle class section of the society from urban and semi-urban areas in India. It is a non-linked, non-participating plan made affordable for people who require life cover at an affordable cost. Under this term micro insurance plan, you can get the following benefits:
Listed below are the eligibility factors you must meet to purchase BSLI Platinum Advantage Plan:
|Minimum entry age||18 years|
|Maximum entry age||50 years|
The premium, Policy Term and Sum Assured for BSLI Platinum Advantage Plan are as follows:
|Policy Term||5 years|
|Premium Payment Term (PPT)||Single Premium|
|Premium||Minimum Rs.250 to maximum Rs.2,500 (in multiples of Rs.50)|
|Sum Assured||20 times the Single Premium|
Under BSLI Platinum Advantage Plan, you can get the following benefits:
|Year of surrender||% of Single Premium|
|Policy year or Basic Premium p.a.||Rs.40,000 to Rs.2,49,999||Above Rs.2.5 lakhs|
|1 to 2 years||5.50%||4.50%|
Under the BSLI Platinum Advantage Plan, the nominee will be paid only the Single Premium refund in the case of death by suicide within 1 year from the date of policy issue.
Listed below are the key features of BSLI Platinum Advantage Plan:
Under BSLI Platinum Advantage Plan, you can get tax deductions on the following:
There are several other benefits of purchasing Platinum Advantage Plan from Birla Sun Life Insurance Company Limited such as:
The following are the reasons why you should buy BSLI Platinum Advantage Plan Plan from Birla Sun Life Insurance Company Limited:
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