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. BSLI offers amazing protection plans to provide financial assistance to your family in case of an unforeseen situation such as death, permanent disability, or terminal illness. Once you take a term insurance, you get a chance to receive a sizeable amount of coverage at affordable premium rates. In your absence, your family might face financial worries and struggle to keep the income flowing in the household. In such times, a comprehensive protection plan is very comforting and helpful. You can go for a term plan as it is available at a low cost.
Benefits of Birla Sun Life Insurance Protection Plans
Following are the benefits of choosing Birla Sun Life Insurance Protection Plans to secure the financial future of your family:
- Birla Sun Life Insurance Protection Plans offers you 3 comprehensive plan options to suit your financial needs:
BSLI Protector Plus Plan: With a higher sum assured, this plan provides protection to your family's future and makes sure that they live without any financial worries. You can choose your sum assured and plan option. You can also choose your premium paying term and your policy term. This plan offers you death benefit as an annual income and gives you rewards for a healthy lifestyle. You can also enhance the plan with suitable riders. You can opt to enhance your sum assured by 5% p.a. or 10% p.a. in the beginning depending upon your financial needs. On your policy's anniversary, your sum assured will be increased by 5% or 10% of the principal sum assured without any changes in your premium.
BSLI Future Guard Plan: This plan is ideal for you if you are looking for an affordable way of getting life insurance cover and yet get all the premiums that you have paid back on maturity. The policy term for this plan varies from 10, 15, 20, 25, and 30 years and is subjected to a max age on maturity of 75 years. You can choose the type of plan keeping in mind what you want at the completion of your policy term. You can also choose the sum assured and the sum assured payable in case of the death of the insured person. The premium that you have to pay will depend upon gender, age, the type of plan opted for, sum assured and the policy term that you choose. You get death, maturity and surrender benefits under this plan. There are six rider benefits available under this plan that you can avail at a nominal cost.
Following are the options available:
- Plan A: This plan gives you 100% return of the premiums that you have paid
- Plan B: This plan gives you 110% to 150% return of the premiums that you have paid depending on the policy term.
BSLI Protect@Ease: This plan is safeguards your family from unforeseen events by providing them maximum security and a number of benefits. It gives you complete financial protection at low costs. You can choose between two plan options according to your financial needs. You get an inbuilt terminal illness benefit and rewards for a healthy lifestyle. This plan also lets you choose from flexible premium paying terms.
- Enhanced protection through Riders: You have the option to enhance your life cover protection by adding riders at a nominal additional premium. Birla Sun Life Insurance offers the following riders:
- BSLI Hospital Care Rider
- BSLI Waiver of Premium Rider
- Birla Sun Life Surgical Care Rider
- BSLI Critical Illness Rider
- BSLI Accidental Death Benefit Rider Plus
- BSLI Accidental Death and Disability Rider
Tax benefits: With the Exide Life Smart Term Plan, you can save tax:
- Under Section 80C on premiums paid
- Under Section 10 (10D) on premium refund and Life Cover amount
- Under Section 80D on premiums paid towards Critical Illness Rider
List of term insurance or protection plans provided by Birla Sun Life Insurance Limited
Birla Sun Life Insurance provides three comprehensive protection plans that ensure financial security and wellbeing of your family. These protection solutions offer you ample life coverage at affordable premiums. Features like higher sum assured and flexible policy term make these plans suitable for your and your family's financial needs. Not only this, they provide you tax benefits as well.
|BSLI Protector Plus Plan
||18 to 65 years of age
||Minimum premium is Rs.3,024
|BSLI Future Guard Plan
||18 to 65 years of age
||Premium will depend on age, gender, policy term, plan type, and the sum assured chosen by you. The annual premium will be multiplied by:
- 0.090 for monthly instalments
- 0.265 for quarterly instalments
- 0.520 for half-yearly instalments
- 1.000 for annual instalments
||18 to 65 years of age
||The premium will depend on the sum assured and policy term that you choose.
Why does one need Birla Sun Life Insurance Protection Plans?
You should take a Birla Sun Life Insurance Protection Plan if someone is dependent on your income. This is the main purpose of taking a term plan from Birla Sun Life Insurance. This is because a term plan will make certain that your beloved family members including parents, spouse, siblings, and children are financially safe even in your absence. Protection plans help you secure money for your as well as your family’s future.
The other reasons for having a term insurance 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.