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.
Eligibility-Who is the Birla Sun Life Insurance Protector Plus Plan for?
The Birla Sun Life Protection plan is an amazing insurance plan for people who want to give their loved ones a secured future. This plans gives a higher sum assured and it ensures that you and family enjoy a financially secured life. It provides you complete financial security at a low cost. You will need to meet the following eligibility criteria in order to apply for this plan:
| Minimum entry age | 18 years |
| Maximum entry age | 65 years |
| Maximum maturity age | 70 years |
| Premium payment term | Regular payment |
| Type of plan | Protection insurance plan |
Sum Assured and Premium Range: What you get and what it costs?
The table below shows the sum assured, premium range, and premium payment mode for the Birla Sun Life Insurance Protector Plus Plan:
| Minimum sum assured | A minimum of Rs.30,00,000 |
| Maximum sum assured | There is no limit on the maximum sum assured |
| Minimum premium | A minimum of Rs.3,024 |
| Maximum premium | Depends upon the sum assured |
| Premium payment mode | Monthly, quarterly, semi-annually and annually |
| Policy Period | 5 to 30 years (subjected to a max maturity age of 70 years) |
| Premium modal factor | The annual premium you pay will be multiplied by: For monthly installments-0.090 For quarterly installments-0.265 For half-yearly installments-0.519 For annual installments-1.000 |
*Premiums vary based on age, location, plan term and other factors.
Plan coverage-What the Birla Sun Life Insurance Protector Plus Plan covers?
The Birla Sun Life Insurance Protector Plus Plan gives a high sum assured. On your policy's anniversary, the sum assured increases by 5% or 10% of the principal sum assured without any changes in your premium. This plan comes with death, total permanent disability and tax benefits. The following are the benefits provided by Birla Sun Life Insurance Protector Plus Plan:
| Benefit Options | Benefit Features |
| Death Benefit |
|
| Total Permanent Disability Benefit |
|
| Tax Benefits |
|
Riders/ Ad-On Plans-Additional coverage under the Birla Sun Life Insurance Protector Plus Plan
When you opt for the Birla Sun Life Protector Plus plan, you can get advanced features by choosing additional riders that are offered by Birla Sun Life Insurance. Let us take a look at the riders that are given with this plan:
| Rider | Benefits |
| BSLI Accidental Death and Disability Rider | In case of accidental death, the rider sum assured is paid. In case of accidental disability, a certain percentage of the rider sum assured is paid depending on the nature of disability. |
| BSLI Critical Illness Rider | 100% of the rider sum assured is paid on survival of 30 days after the date of diagnosis. |
| BSLI Surgical Care Rider | You can select a benefit amount between Rs.3,000 and Rs.30,000. The rider sum assured would be 50 times more than the benefit amount. |
| BSLI Hospital Care Rider | You get a minimum daily cash benefit amount of Rs.600 and a maximum daily cash benefit of Rs.6,000. For each day of stay in the ICU, an additional 100% of the selected daily cash benefit is given. |
| BSLI Waiver of Premium Rider | In case of the life insured getting totally disabled because of an accident or an illness or if they have been diagnosed with any critical illness or in case of their death, all the upcoming premiums will be waived for the rest of the policy term. This will be maintained till the termination of the policy or till the proposer turns 70 years, whichever happens earlier. |
| BSLI Accidental Death Benefit Rider | In case of death of the policyholder in an accident, 100% of the rider sum assured will be paid within 180 days of the accident to the nominee. Also, they will be provided with the refund of all the premiums paid after the date of accident till the date of the demise with an interest. |
Exclusions-What Birla Sun Life Insurance Protector Plus Plan doesn't cover
Every insurance plan has a few exclusions. The insurance plan will not provide coverage for such cases. The Birla Sun Life Protector Plus Plan has some general exclusions.
If the life insured passes away by suicide within 1 year of after the policy issue date or the date of reinstatement, BSLI will refund the premiums paid till the date.
No benefits will be given on total permanent disability if it is caused by a suicide attempt, HIV or AIDS, war, terrorism, act of foreign enemy, invasion, civil war, revolution, riot, or hostilities, among other situations.
Other key features of Birla Sun Life Protector Plus Plan
The following are some of the other significant characteristics of Birla Sun Life Protector Plus plan:
- Special rates for non-tobacco consumers and female lives: This plan offered by Birla Sun Life Insurance gives special preferential rates for people who do not consume tobacco and for female lives.
- Reinstatement and Grace Period: Under this plan, the policyholder will be given a grace period of 30 days since the premium payment due date for annual, quarterly, and half-yearly payment modes. For the monthly mode, you will get a grace period of 15 days. You can also restore the policy for its total coverage within 2 years from the date of first unpaid premium.
Surrender: You can surrender your Birla Sun Life Insurance Protector Plus plan before the policy period lapses. If you have been paying a regular premium, surrender value cannot be applied. If you have been paying a limited premium, you will receive a guaranteed surrender value (GSV) if you have paid a premium for 3 continuous years.
Free look period: This plan comes with a free look period for 15 days since when the policy has been purchased. During this period, you will be allowed to return your policy by giving your reasons.
Tax Benefits
You will get tax benefits on the premium under Section 80C and on the returns under Section 10(10D) of the Income Tax Act of 1961.
Other Benefits:
The following are some of the other benefits that you receive for opting for Birla Sun Life Insurance Protector Plus Plan:
- You can request for a Life Advisor very conveniently by visiting the official website of Birla Sun Life Insurance. You will only have to provide your name, mobile number, and the name of the city you live in. A reliable life advisor from Birla Sun Life Insurance will contact you immediately to provide you with assistance.
- All Birla Sun Life Insurance plans come with user-friendly online premium calculators. You only have to choose your product category and your product. You will then have to fill in all the relevant details in the form and then you will get to calculate the premiums that you need to pay.
- You can pay your premiums through numerous convenient modes. You can choose any of them and complete your premium payment in no time. Some of the payment modes include NEFT, direct debit, ECS, payment through debit card and credit card, and many other methods.
- Whenever you take a policy from Birla Sun Life Insurance, you can enroll for the SMS alert facility. With this facility, you will receive instant updates about your policy. You will get exact and accurate data about everything regarding your insurance plan.
Why you should buy the Protector Plus Plan from Birla Sun Life Insurance?
You should take a Birla Sun Life Insurance Protector Plus Plan if someone is dependent on your income. This is the main purpose of taking a protection 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 protection plan 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 death and total permanent disability 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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BSLI Protector Plus Plan Reviews
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"GOOD"
I am holding the life insurance policy with the BIRLA SUN LIFE INSURANCE is from last one year as the process is very good to get the insurance policy. The maturity period of this policy is for long term also the policy coverage is for complete family with this policy. The premium i pay on yearly basis.Was this review helpful? 0, bangalore
Reviewed on Jan 16, 2019 -
"Good"
The benefits are good in Birla Sun Life. Am using the service for last 7 years and I have renewed before 3 years for other plan. It is a floating type after maturity i will be getting amount according to the market price. I think, the policy value is around 3L. The customer service is fine. I am paying yearly premium through net banking.Was this review helpful? 0, virar
Reviewed on Dec 05, 2018 -
"Benefits should be improved with better cover"
I have Ulip plan + life insurance, they have declared the life cover around Rs. 2 lakhs, I used to pay the premium around Rs. 15,000. It has locking period 3 years, term of 15 years. I have selected the policy cover of Rs. 25 lakhs but I suggest to improve the beneficial part.Was this review helpful? 1, bangalore
Reviewed on Oct 26, 2018 -
"Its Good"
Life insurance price is good in Birla sun life, service wise they are competitive, I have taken term plan on 2008 it has tenure period of 30 years. I have chosen policy cover of Rs.1 crore, they are good in claim settle ratio, grievance resolved.Was this review helpful? 0, vasco
Reviewed on Oct 15, 2018 -
"Its Convenient"
Birla sun life is convenient to make the online payment for my life insurance. for the term of 10 years, the policy cost around Rs. 70,000 per annum. I will be getting the benefits after the maturity of the term.. Its a long term plan with good benefits.Was this review helpful? 0, bangalore
Reviewed on Oct 15, 2018 -
"Good for Tax benefits"
My colleague had Birla sun life policy hence he have suggested this life insurance. My another friend is also working in that insurance company, shared the policy benefits. I taken for the tax benefits, I used to make the premium amount of Rs.. 25,000 for the term of 12 years.Was this review helpful? 1, chennai
Reviewed on Oct 15, 2018 -
"Good policy to have"
I have taken my life insurance policy with Aditya Birla. Its is along term insurance policy. I will make the payment through cheque. Its been 20 years tenure period policy. I will make the premium of Rs. 20000. Overall, I'm satisfied with the policy.Was this review helpful? 0, ballari
Reviewed on Sep 25, 2018 -
"Market leader in the insurance"
I had purchased my Short Investment plan (SIP) 8 years ago. I'm making the premium amount of Rs. 12000 annually. I used to make the payment through credit card online. I don't have the sum assured details right now. The company Birla sun was recommended by one of the family members. Total tenure period of the policy is 25 years.Was this review helpful? 0, nasik
Reviewed on Sep 10, 2018 -
"BEST"
I have been holding my life insurance policy with the BIRLA SUN LIFE INSURANCE since last 3 years where the tenuity period is for the 3 years also the maturity period is for the 15 years i am paying the 26k as the premium for monthly once through ECS.Was this review helpful? 0, mumbai
Reviewed on Aug 24, 2018 -
"GOOD"
I am using my life insurance policy with BIRLA SUN LIFE INSURANCE from last 2-3 years with quick service and also good returns i am getting in this policy so i am holding this policy. It is a TERM POLICY where they have gave me a tenuity period of 40 years also the premium i pay for yearly basis. I get the sum assured amount as 36lakhs,.Was this review helpful? 0, ramanathapuram
Reviewed on Aug 21, 2018 -
"Good money back plan"
I have chosen my endowment plan in the year of 2014. I have taken this policy with Birla sun life. I have made premium amount of Rs. 26000. This is a 40 years policy. I will get a sum assured amount of Rs. 25 lakhs. I'm making the payment yearly once. I will make the payment through ECS mode. There is a bonus added for every year. After 14 years till death, i will get a yearly payout. I will get a one time sum assured after the death.Was this review helpful? 0, mumbai
Reviewed on Aug 21, 2018 -
"Best company among all the insurance company"
I will make the payment through online as well as cheque also. I have bought the endowment plan with Birla sun life in the year of 2007-08. The policy got lapsed due to non payment. The plan called Gold plus which is very nice. Nowdays, the same plan is not available. I have withdrawn my money before maturity of the policy.Was this review helpful? 1, kanpur
Reviewed on Aug 16, 2018 -
"AVERAGE"
From BIRLA SUN LIFE INSURANCE i have been using my life insurance from the last few years. The documentation process is very good and it is easier. The tenuity period of my insurance is approximately 20 years and it is a long term policy. The service is very good.Was this review helpful? 2, patna
Reviewed on Jul 14, 2018 -
"BEST"
Frankly telling about my overall experience is that it is a best service provided by the BIRLA. The documentation what i have done is easy and very good. The follow ups are very good like they will call for the renewal of the policy, and also they respond quickly. I pay yearly once through on line for my policy.Was this review helpful? 0, salem
Reviewed on May 15, 2018 -
"Need scope of improvement service"
Yearly I make the premium around Rs. 18,000 for the term of 15 years. After the maturity period I get the premium + three times of amount with life cover, accidental cover. But Birla Sun Life, service is average, there is no office in my location. Even I am not getting any reminder on premium.Was this review helpful? 0, coimbatore
Reviewed on Mar 05, 2018 -
"Its Good"
I make life insurance payment around Rs. 8500 through online for Birla Sunlife. It has total tenure of 30 years, I won't get any maturity benefits because its a term plan. After me, my nominees will get Rs. 50 lakhs lump sum amount, its a good protection for my family.Was this review helpful? 0, bathinda
Reviewed on Mar 05, 2018 -
"Its Good"
I have life insurance for the tenure period of 20 years, after the maturity period I get good assured. I make the premium around 5000 to 6000 yearly basis. The policy has tax benefits, financial security against unforeseen events , I make auto debit payment on yearly basis.Was this review helpful? 0, solapur
Reviewed on Mar 02, 2018 -
"Excellent services"
I also hold a life insurance with Birla Sun life and the customer services are good. They follow up and there are reminders also done for the premium payments. The sum assured and the benefits are satisfactory. I prefer the services as I get good support.Was this review helpful? 0, patna
Reviewed on Jan 19, 2018 -
"Good and beneficial"
I have taken a term insurance from Birla Sun Life. The customer services are good. They send me alert messages about the premiums and also the other details for about the policy. The sum assured is for one crore. The tenure is till the age of 80. The only drawback is the premium but it is very much costly.Was this review helpful? 0, bangalore
Reviewed on Jan 13, 2018 -
"Satisfactory"
I have taken my life insurance from Birla Sun life. The process was good and the policy is a normal plan. The tenure is for 20 years. After the maturity term I would get the benefits. The premium is paid on a annual basis. There are facilities online to make my payments.Was this review helpful? 0, new delhi
Reviewed on Jan 11, 2018
