Birla Sun Life Term Plans help you to secure your loved ones even in your absence. We have given you the information regarding the different Term Insurance Plans here. Policy Holder can check the Benefits, Key Features, Eligibility and furthermore details of Birla Sun Life Term Insurance Plans.
Birla Sun Life Term Plans
Nowadays You can’t estimate how your future will be. But we can Secure our loved one’s future with one wise decision. For that Birla Sun Life Insurance Introduces a Term Insurance Plans. With Those Term Insurance Plans, you can protect your family in case of your unfortunate death. Once you take Birla Sun Life Term Insurance Plans, you can lead a happy without any tensions regarding your family Future. So don’t waste your time in thinking just check the Birla Sun Life Insurance Plans here and buy the Policy.
What is Term Insurance Plan?
Term Insurance Plan is the most basic form of Life Insurance Plan. It is offered by Birla Sun Life Insurance Company. Birla Sun Life Term Insurance Plans provides financial coverage to the Policy Assured for a particular duration. In case the Unfortunate death of the Policy Holder during the Policy term. Birla Sun Life will pay the death benefit to the Family or Nominee.
Birla Sun Life Term Insurance Plans
There are Different Term Insurance Plans in the Birla Sun Life Insurance Corporation. Check below Birla Sun Life Term Plans.
- BSLI Protector Plus Plan.
- Birla Sun Life Insurance Future Guard Plan.
- BSLI Easy Protect Plan.
- BSLI Protect@Ease.
Birla Sun Life Protector Plus Term Insurance Plan Benefits and Key Features
Birla Sun Life Protector Plus (UIN: 109N071V02) is a Life Cover Plan. It gives you the flexibleness to offers safety screen so that you can protect your family future. You can be guaranteed your family to lead -free lives without any financial worries, even in your absence. Protector Term plan offers you many options to enhance you. The options are against Accidental Death, Critical Illnesses and securing a 360 degree cover on your life.
Benefits of Protector Plus Term Plan
The Key benefits provided for the Birla Sun Life Term Plans are
- Death Benefit.
- Maturity Benefit.
Death Benefit:
In a case of the Sudden/ Unfortunate death of insured candidate within the Policy term the sum assured will be payable to the Assured’s family or nominees.
Maturity Benefit:
In the case of survival of the life assured up to the policy term, no benefits will payable.
Key Features of Protect Plus Term Plan
- Complete financial protection at an affordable cost.
- Hedge against the rising cost of living with an option of increasing Sum Assured.
- Rewards for a healthy lifestyle.
- Enhanced protection with inbuilt Total and Permanent Disability cover.
- Option to receive death benefit as Annual Income Enhance your insurance with appropriate rider options
- Income Tax benefits as per prevailing norms under the Income Tax Act, 1961
Birla Sun Life Protector Term Insurance Plan Eligibility Conditions
| Entry Age | 18 to 65 years of age |
| Sum Assured Option | I – Level Sum Assured II – Increasing Sum Assured |
| Policy Term | 5 to 30 years, subject to max. age at maturity: 70 years |
| Premium Paying Term | Regular Pay |
| Premium Mode | Annual | Semi-annual | Quarterly | Monthly |
| Sum Assured | Min. Rs. 30,00,000 Max. no limit (subject to underwriting guidelines) |
| Premium | Min. Rs. 3,024 |
To Know Furthermore details, Download BSLI Protect Plus Brochure.
BSLI Future Guard Plan Term Insurance Plan Benefits and Key Features
You are trying to provide comfort, happiness and security to your family even in unfavourable conditions. You Always wanted your family’s future to be secured at all times. For that Birla Sun Life Insurance introduces Birla Sun Life Future Guard (UIN: 109N071V02) to protect your family’s future. It also ensures that they lead their lives comfortably without any financial worries, even in your absence.
Benefits of Future Guard Term Insurance Plan
Death Benefit
In the sudden death of the Life Assured during the Policy Term, the nominee shall receive the following death benefit.
Key Features of Future Guard Plan
- Complete financial protection at an affordable cost.
- Guarantee of at least return of premiums paid at the end of policy term .
- Enhance your insurance with appropriate rider options.
- Tax benefits as per prevailing norms under the Income Tax Act, 1961.
Birla Sun Life Future Guard Term Insurance Plan Eligibility Conditions
| Entry Age | 18 65 years of age |
| Policy Term | 10,15,20,25,30 years, subject to max age on maturity : 75 years |
| Premium Paying Term | Regular Pay |
| Premium Mode | Annual | Semi-annual | Quarterly | Monthly |
| Sum Assured | Min. Rs. 500,000 Max. No Limit |
To Know Furthermore details, Download BSLI Future Guard Policy.
Birla Sun Life Easy Protect Term Insurance Plan Benefits and Key Features
Birla Sun Life Life Easy Protect (UIN: 109N077V02) is Term Insurance Plan which gives protection to your family in unfortunate death. By taking Birla Sun Life Easy Protect, it protects your family and provides them with a lump sum to meet immediate liabilities that may arise in your absence.
Benefits of Life Easy Protect Term Plan
Death benefit:
In the case of unexpected Death of the Life Covered, the Birla Sun Life will pay the Death Benefit as higher of Basic Sum Assured or 10 Times the Annualised Premiums Paid or 105% of the Total Premiums Paid to the Nominee.
Key Features of Birla Sun Life Easy Protect Term Insurance Plan
- Complete financial protection at an affordable cost.
- Two plan options to suit your protection needs.
- Rewards for a healthy lifestyle.
- Income Tax benefits as per prevailing norms under the Income Tax Act, 1961.
Birla Sun Life Easy Protect Term Insurance Plan Eligibility Conditions
| Entry Age | 18 – 55 years of age |
| Policy Option | I – Level Term Assurance II – Increasing Term Assurance |
| Policy Term | 5 to 30 years; subject to max. age of 80 years at the end of the policy term |
| Premium Paying Term | Regular | Single |
| Premium Mode | Annual | Monthly (only by ECS) |
| Sum Assured |
|
To Know Furthermore details, Download Birla Sun Life Easy Protect Brochure.
Birla Sun Life Protect @ Ease Plan
Birla Sun Life Protect @ Ease is one of the protection plan having unique Identification Number UIN: 109N077V02. As evry plan has some key features and benefits Birla Sun Life Protect@Ease also has some features. So look at the eligibility and Benefits of Birla Sun Life Protect@Ease Plan.
Birla Sun Life Protect @ Ease Plan Key Features
- Complete financial protection at an affordable cost
- Convenient to buy
- 2 plan options to suit your protection needs
- Rewards for a healthy lifestyle
- Option to receive death benefit as Annual Income
- Flexible premium payment mode
- Income Tax benefits as per prevailing norms under the Income Tax Act, 1961
Birla Sun Life Term Plans Benefits
- Receive entire policy amount in case of sudden death of policyholder (if the policy is active)
- Pay off all your liabilities with the lump sum amount received
- Financial security of your family for future needs
- Tax Benefits
- Flexible premium payment mode.
Eligibility of Birla Sun Life Term Plans
| Entry Age | 18 – 55 years of age |
| Policy Option | I – Level Term Assurance II – Increasing Term Assurance |
| Policy Term | 5 to 30 years; subject to max. age of 80 years at the end of the policy term |
| Premium Paying Term | Regular | Single |
| Premium Mode | Annual | Monthly (only by ECS) |
| Sum Assured |
|
For more details click on Birla Sun Life Easy Protect @ Ease Plan Brochure.
Birla Sun Life Insurance Premium Calculator
To Calculate Birla Sun Life Term Plans Premium, Life Ensured needs some basic information like Name, Number, Policy Term, etc. Based on the Term of the Policy and other details you can calculate the Birla Sun Life Premium.
- Name of the Policyholder.
- Mobile Number.
- Email Id.
- Gender.
- Age Proof.
- Policy Term.
- Sum Assured.
Steps to Buy Birla Sun Life Term Insurance Plans
The Policy Holder can visit the nearest Birla Sun Life Insurance Branch Office to buy the Application form. You can also get the Birla Sun Life Term Insurance Plans through the Agent or its official Website.
Documents Required to Open Birla Sun Life Policy:
- Application form / Proposal form along with the photo.
- Age Proof.
- Address Proof.
- Medical Reports (if required).
Birla Sun Life Term Insurance Plans Claim Procedure/ Steps
The Family Members can utilise the Plan in a case of Death of Policy Holder. The Nominee/ family members can apply for Claim through online at the official site. The nominee can apply through alternate channels such as at Branch Office, through Helpline Number, Mail Id.
Documents Required for Birla Sun Life Prudential Term Insurance Plans Claim Process:
- Original Policy Document.
- Original Death Certificate.
- Claim forms.
- Identity Proof of the nominee.
- Date of Birth Proof.
- Address Proof.
- Saving Bank Account No. / MICR No. / IFSC code.
- A copy of Hospital Records, etc.
Other Details of Birla Sun Life Term Insurance Plans
Maturity or paid-up or survival benefit
There is no maturity, paid-up value or survival benefit available under this Birla Sun Life Insurance Plans.
Grace Period
If the Policy Holder doesn’t pay the Premium before the Last date the company extended the Time that is called grace period. To pay the premium the Grace Period of 15 days applies for monthly premium payment mode and 30 days for other premium payment modes. If the Policy Holder doesn’t pay the premium within the grace period, the policy shall lapse.
Policy Revival
A lapsed Policy Term Insurance Plan will be revived within the two years from the date of first unpaid premium. This Policy Term plan will be revived before the expiry period of Policy term.
Free Look Period
If you are not satisfied with the Birla Sun Life Term Plans, you may cancel the policy by returning the policy document to the Company.
Suicidal Exclusion
- If the Life covered whether sane or insane, commits suicide within 12 months from the date of start of this policy, the policy shall be void, and the policy will terminate. The Birla Sun Life Prudenture will refund 80% of the premium.
- In the case of a Regular Pay and Limited Pay policies, if the Life Assured, whether sane or insane, commits suicide within 12 months from the date of start of the policy the Company will refund 80% of the premiums paid post revival.