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  • Birla Sun Life Savings With Protection 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

    Birla Sun Life Insurance has more than 15 years of experience in the insurance sector and it is listed in the top 7 private life insurance establishments in the country. The company has a special category known as Savings with Protection Plans that enables individuals to save consistently while enjoying a good standard of living. Under this category, you can choose from 10 plans provided by the insurance company. These plans provide savings as well as protection. With these plans, you can attain your long-term financial goals by saving your funds meticulously. Birla Sun Life Insurance understands that each person’s financial situation and financial requirements are diverse and cannot be compared. Considering this vital point, the company offers an assorted range of plans with the common purpose of helping you save for years to come while providing financial security to you and your family.

    Benefits of Birla Sun Life Savings with Protection Plans

    Following are some of the benefits that are provided by Birla Sun Life Savings with Protection Plans:

    • If you are finding it difficult to create a basic foundation for savings, these plans can come to your rescue. They will not only help you to create an elementary base for your financial security but will also guide you to lead a decent lifestyle followed by a risk-free future.
    • Some of these plans give you regular income, comprehensive protection, and secured savings.
    • Some of these plans are non-linked participating policies. These are beneficial to you as the premiums will be lesser and hence, your cost of buying an insurance policy will be nominal.
    • Some plans will give you compounding and terminal bonuses after your policy term expires.

    List of Savings with Protection Plans provided by Birla Sun Life Insurance

    Following are the Birla Sun Life Insurance Savings with Protection Plans :

    BSLI Vision MoneyBack Plus Plan: This is a conventional participating plan that gives you systematic liquidity that suit your financial needs along with a good life cover against in case of an unfortunate event.

    Benefits and Features:

    Following are the benefits and features of BSLI Vision MoneyBack Plus Plan:

    • You can choose your policy term, sum assured as well as the premium paying term.
    • This plan offers you regular payouts at a predetermined percentage of the sum assured at the completion of every fourth or fifth policy throughout the term.
    • It provides your family a comprehensive monetary protection depending on the sum assured chosen by you.
    • You can enhance your coverage during the policy tenure by including amazing riders for additional cost.
    • This plan offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.
    • This plan provides you survival, death, and maturity benefits.

    BSLI Vision Life Income Plan: This plan pays you survival benefits each year from the end of the term of premium paying till the time of maturity along with a life insurance benefit. This plan is a perfect combination of income and financial security for your family.

    Benefits and Features:

    Following are the benefits and features of BSLI Vision LifeIncome Plan:

    • You can choose your sum assured, mode of payment, and your riders.
    • You can get 5% of the sum assured plus a bonus every year after paying the premium in each term.
    • This plan offers tax benefits under Section 80C, 80D, and Section 10(10D) of the Income Tax Act, 1961.
    • This plan includes survival, maturity, and death benefits.
    • This plan provides financial security to your family with a whole life cover till the age of 100.
    • Your family will receive a terminal bonus that would be at the company's discretion in case of death, or maturity, on the basis of prevailing economic conditions.

    BSLI Vision Endowment Plan: This plan offers you accrued bonuses that guarantee the growth of your savings beginning on the first policy year. It also returns your premium with bonuses on maturity. Hence, it helps your investments to play a major role in securing your family’s future and making them financially comfortable in your absence.

    Benefits and Features of BSLI Vision Endowment Plan:

    Following are the benefits and features of the BSLI Vision Endowment Plan:

    • This plan makes you eligible for an accrued or a terminal bonus.
    • This plan gives you death as well as maturity benefits.
    • In case you stop paying your premiums once you have paid for at least three years, your policy will continue to exist on the basis of Reduced Paid-Up.
    • This policy will provide you tax benefits under Section 10 (10D) and Section 80C of the Income Tax Act, 1961.
    • You will be able to take a loan against your policy once it reaches a surrender value. The minimum amount that can be taken as loan is Rs.5,000. The maximum amount that you can take as loan is 85% of the surrender value.

    BSLI Savings plan: This plan not only helps you to save money but it also makes sure that you achieve a stable financial growth with time. This is an ideal plan if you are looking to increase your savings as well as want to guarantee a financially secure future for your family.

    Benefits and Features of BSLI Savings Plan:

    Following are the benefits and features of the BSLI Savings plan:

    • For the first five years, this plan provides you guaranteed additions at the end of every year.
    • This plan gives you death as well as maturity benefits.
    • In case you stop paying your premiums once you have paid for at least three years, this plan will continue to exist on the basis of Reduced Paid-Up.
    • You will get auto cover continuation if you miss any premium after paying for three full years.
    • You will receive complete death benefit for 2 years.

    BSLI Vision LifeSecure Plan: This plan is ideal for someone who is aiming to secure his or her savings and is looking to provide a strong financial future to their family. This plan provides you coverage up to the age of 100 years and fuels a steady and stable growth of your savings.

    Benefits and Features of BSLI Vision LifeSecure Plan:

    Following are the benefits and features of the BSLI Vision LifeSecure Plan:

    • This plan provides both, death and maturity benefits.
    • You can add riders to enhance your policy coverage during the tenure. A number of riders will be available to you under this policy.
    • In case you stop paying your premiums once you have paid for at least three years, your policy will continue to exist on the basis of Reduced Paid-Up.
    • This plan gives you regular bonuses which are reversionary in nature. These simple bonuses are declared at the end of every year of the policy term and are added to policy on its anniversary. However, these bonuses can differ from year to year and will be determined on the basis of the current economic conditions.
    • You will be given a terminal bonus on death or maturity, whichever is earlier, on the basis of the economic conditions determining the market.

    BSLI Income Assured Plan: Under this plan, you can personalize your policy according to your financial needs by selecting the policy term and the pay term. The following are the options that you can choose from:

    • A pay term of 10 years for a policy term of 20 or 25 years
    • A pay term of 7 years for a policy term of 17 or 22 years
    • A pay term of 5 years for a policy term of 15 years.

    Benefits and Features of BSLI Income Assured Plan:

    The following are the benefits and features of the BSLI Income Assured Plan:

    • This policy is suitable for you if you are looking for regular income, comprehensive protection, and secured savings.
    • You get an assured income benefit in the event of surviving till the end of the policy term.
    • This plan gives you death as well as maturity benefits.
    • This plan provides you an assured income of 8% of the sum assured per annum.

    BSLI Vision Regular Returns Plan: This is a conventional participating endowment plan. It comes with survival benefits that is paid every year after the 5th anniversary of the policy till maturity. This plan is a blend of savings, financial security for your family, and liquidity.

    Benefits and Features of BSLI Vision Regular Returns Plan:

    The following are the benefits and features of the BSLI Vision Regular Returns Plan:

    • This policy makes you eligible for compounding bonuses and you might also get a terminal bonus.
    • You get survival, maturity, and death benefits.
    • In case you stop paying your premiums once you have paid for at least three years, your policy will continue to exist on the basis of Reduced Paid-Up.
    • For higher sum assured, this plan will also offer you a premium rebate.

    BSLI Vision Endowment Plus Plan: This plan lets you to choose your sum assured, premium paying term, frequency of premium, and the death benefit option.

    Benefits and Features of BSLI Vision Endowment Plus Plan:

    The following are the benefits and features of the BSLI Vision Endowment Plus Plan:

    • This policy provides you death and maturity benefits.
    • You can choose from a wide range of riders to enhance your policy.
    • This policy will provide you tax benefits under Section 10 (10D) and Section 80C of the Income Tax Act, 1961.
    • In case you stop paying your premiums once you have paid for at least three years, your policy will continue to exist on the basis of Reduced Paid-Up

    BSLI Guaranteed Future Plan: This plan is beneficial for people who want to plan the milestones in life well in advance. From your child's education to marriage, from family vacations to

    Benefits and Features of the BSLI Guaranteed Future Plan:

    Following are the benefits and features of the BSLI Guaranteed Future Plan:

    • This policy lets you choose your premium, death benefit option, and policy term.
    • The premium maturity date percentage varies from 100% to 160%.
    • This policy gives you tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961.
    • You can choose from the available death benefit options which are as follows:
    • Option A: If you want to ensure that your family receives a health amount of money when you are no more.
    • Option B: If you want them to receive a regular income along with the healthy sum of money in case you are no more.

    BSLI SecurePlus Plan: This plan provides you an income opportunity that is stable and helps you to secure your family's future and accelerate your savings.

    Benefits and Features of the BSLI SecurePlus Plan:

    Following are the benefits and features of the BSLI SecurePlus Plan:

    • This policy lets you choose the premium you wish to pay every year.
    • You can choose your income benefits from two attractive options.
    • This policy includes accidental death benefit.
    Plan name Entry Age Maturity Age Premium
    BSLI Vision MoneyBack Plus Plan 13-45 years Information not provided Depends on the sum assured that you choose
    BSLI Vision LifeIncome Plan 1-60 years Up to the end of policy term A minimum of Rs.18,000
    BSLI Vision Endowment Plan 1-55 years Up to the end of policy term which is 20 years A minimum of Rs.10,000
    BSLI Savings Plan 18-50 years Up to the end of the policy term which is 10, 15 and 20 years You can choose the premium you want to pay
    BSLI Vision LifeSecure Plan 1-60 years Up to the end of the policy term which is 75 years or less A minimum of Rs.12,000 p.a.
    BSI Income Assured Plan 8-60 years Information not available You can choose the premium you want to pay
    BSLI Vision Regular Returns Plan 13-45 years Information not available You can choose the premium you want to pay
    BSLI Vision Endowment Plus Plan 30 days to 60 years Up to the end of the policy term which is 10-40 years You can choose the premium you want to pay
    BSLI Guaranteed Future Plan 18-50 years 70 years A minimum of Rs.10,000 p.a.
    BSLI SecurePlus Plan 5-50 years 63 years Rs.50,000

    Why does one need Birla Sun Life Insurance Savings with Protection Plans?

    You should take a Birla Sun Life Insurance Savings with Protection Plan if someone is dependent on your income and also if you want to save and create a healthy wealth bank. This is the main purpose of taking a term plan from Birla Sun Life Insurance Savings with Protection Plan. This is because the plans listed under this policy option will make certain that your beloved family members including parents, spouse, siblings, and children are financially safe even in your absence and you have steady and stable savings while you are working. Savings with Protection plans help you secure money for your as well as your family’s future.

    The other reasons for using the plans listed under this policy are to have a reliable source of income after retirement, benefit from having a second income in the case of critical illness or accident, and to provide for your children’s education, wedding, and lifestyle requirements. You receive survival, death and maturity benefits through these plans. Choosing a good plan at a young age will help you to build a healthy fund for your family. You can choose a suitable protection plan from Birla Sun Life Insurance to make sure that you are not under-insured. You can do this by analyzing your overall expenditures as well as liabilities and the amount of money you aim to save every month.

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