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  • Birla Sun Life Rural Insurance Plans

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    India's hinterlands have always been an integral part of the country. However, the sad truth is that most of these rural parts of the country do not have the basic amenities of life like health facilities, banking, and food. On the other hand, its urban counterparts are much more developed and have better access to such amenities. Therefore, people in the rural areas run the risks related with life expectancy and poor health. Hence, keeping all this in mind, Birla Sun Life Insurance launched the rural insurance programme in 2001 so that the people in the remote areas can utilize insurance products. There are four amazing plans that include an endowment product that gives returns and life coverage once the plan matures. In the year 2008, Birla Sun Life Insurance launched a range of micro insurance products that give return the premium and also provide a term plan.

    Benefits of Birla Sun Life Insurance Rural Insurance Plans:

    The following are some of the benefits of Birla Sun Life Insurance Rural Insurance Plans:

    • These plans give the security of life insurance coverage and also make sure that you get the refund of all the premiums that you have paid once the policy matures.
    • You don't need any medical tests to get these plans.
    • People residing in the rural areas of India get death, maturity, and surrender benefits that are especially designed for them.
    • The plans are ideated to provide protection to the rural masses as well as those sections of the society that are unprivileged.

    List of plans of rural insurance plans provided by Birla Sun Life Insurance:

    Following are the rural insurance plans provided by Birla Sun Life Insurance:

    BSLI Bima Dhan Sanchay: This plan provides the security of life insurance coverage and makes sure that you get the premiums refunded once your policy matures. The premium refunds are paid to you with three options of maturity. Apart from this, this plan also gives the liberty to

    Benefits and features:

    The following are the benefits and features of BSLI Bima Dhan Sanchay:

    • This policy lets you choose from an option of three different benefit periods of 5, 10, and 15 years.
    • This policy lets you pay the premium in cash or even by using a credit card. You can also get it deducted from your monthly salary or pay it through demand draft, ECS, or direct debit.
    • This policy lets you choose your modal factors from annual, semi-annual, quarterly and monthly.
    • You get death, maturity and surrender benefits.
    • On getting this plan, you will be provided tax benefit under section 80C and 10((10D) of income tax act of 1961.
    • At any point of time, before the policy matures, you can nominate a person or persons for getting the benefits that are to be paid under the facility of death benefit.

    BSLI Bima Suraksha Super: Under this policy, the policyholder has to pay regular premium so that the nominee receives the sum assured in case of the death of the policyholder. This plan is hassle-free and doesn’t require a medical test. It can be bought with minimum documentation.

    Benefits and features:

    The following are the benefits and features of BSLI Bima Suraksha Super:

    • You can choose from three different benefit periods that are 5, 10, and 15 years.
    • The total sum assured does not exceed Rs.50,000.
    • The premium that you pay depends upon your gender, age, the benefit period chosen by you, and the sum assured.
    • This policy lets you pay the premium in cash or even by using a credit card. You can also get it deducted from your monthly salary or pay it through demand draft, ECS, or direct debit.
    • You get a grace period of 180 days from the due date of the premium. All the coverages will go on as they were during this period.

    BSLI Bima Kavach Yojana: The duration of this plan is three years and it has been designed to help the economically poor sections of the section and guide them towards development.

    Benefits and features:

    The following are the benefits and features of BSLI Bima Kavach Yojana:

    • Since it is a 3-year plan, you have to pay the premium only once.
    • You get death, maturity, and surrender benefits.
    • You can surrender the policy any time.
    • The process to get this policy is hassle-free and easy.

    BSLI Grameen Jeevan Raksha Plan: This plan has been ideated to take care of the protection needs of the rural population of India. It is a non-participating, non-linked conventional term insurance plan. It was designed keeping in mind the need of insurance for people in rural India at an affordable cost.

    Benefits and features:

    The following are the benefits and features of BSLI Grameen Jeevan Raksha Plan:

    • You can pick the amount you want to pay as premium. The minimum premium payable is Rs.250 and the maximum is Rs.2,500.
    • This is a single pay plan. Hence, you will have to pay the premium only once.
    • Taxes like service tax, education cess and other such taxes will be put together with your premium and charged as per the tax laws.
    • You get death, maturity and surrender benefits.
    • You get tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.
    Plan Name Entry Age Maturity Age Premium
    BSLI Bima Dhan Sanchay
    • For a 5-year term, the entry age is 18 to 60 years.
    • For a 10-year term, the entry age is 18 to 55 years.
    • For a 15-year term, the entry age is 18 to 50 years.
    65 years A minimum of Rs.5,000
    BSLI Bima Suraksha Super
    • For a 5-year term, the entry age is 18 to 60 years.
    • For a 10-year term, the entry age is 18 to 55 years.
    For a 15-year term, the entry age is 18 to 50 years.
    65 years The premium you pay will depend on your gender, age, the chosen benefit period, and the sum assured.
    BSLI Bima Kavach Yojana 18 to 50 years Not mentioned Depends upon your paying capacity
    BSLI Grameen Jeevan Raksha Plan 18 to 50 years NIL A minimum of Rs.250 and a maximum of Rs.2,500

    Why does one need Birla Sun Life Insurance Rural Insurance Plans?

    The rural masses in India are not only economically weaker but they often become unable to provide themselves and their family members with the basic amenities in life. In such a situation, it is nearly impossible for them to be able to afford any insurance policy that requires high premiums. The rural insurance plans under Birla Sun Life Insurance have been designed keeping in mind the paying capacity of the rural masses in India. These plans are not only hassle-free and require minimum documentation, they are also cater to the various financial needs of the rural masses of the country. These policies are popular in the hinterlands of India because of the easy procedure that they follow. The above-mentioned four insurance plans provide life coverage and good returns once the policies mature. All these benefits are available to the economically and socially weaker sections of the society at affordable prices. Hence, these plans are essential for people who are looking to get their lives insured at rates that they can afford.

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