If you want to save money regularly for the future and a sizeable life insurance cover, then it’s better to take any of the Birla Sun Life Wealth Plans. Birla Sun Life Insurance company is offering many Wealth with Protection Plans. There are upto 5 Birla Sun Life Wealth Insurance Plans. In this article, you can get the brief details like benefits, features, etc. of all these plans.
Birla Sun Life Wealth Plans
Here you can find a wide range of Birla Sun Life Insurance Wealth Plans which offers both protection and a disciplined way to save money regularly. Each BSLI Wealth Plan is best suited for your goals and helps to fulfil your dreams. With these policies, you can get supplemental income even as you get a life cover. Find the Birla Sun Life Wealth Plans below and pick the best for you.
Birla Sun Life Wealth Plans, Protection Plans offers many features and benefits to its customer. So, taking Birla Sun Life Wealth with Protection Plan helps you to avail more benefits. The Birla Sun Life Insurance Wealth Plans offer you various avenues to save and earn. These plans help you to invest in a disciplined manner and systematically. So, with the advantage of this, you and your family can achieve your financial goals.
Birla Sun Life Insurance Wealth with Protection Plans
There is a wide range of BSLI Wealth Plans. Among all the Birla Sun Life Insurance plans, savings plans and wealth plans are more in number. There are 5 types of Birla Sun Life Wealth Plans. It’s hard for an individual to choose a plan from all those Birla Sun Wealth Plans. So, below we have provided the brief details like the review, features, benefits, etc. of all these plans. Check the details and take a Birla Sun Life Wealth Plan / Birla Sun Life Protection Plan that satisfies your requirement.
- BSLI Wealth Max Plan
- Birla Sun Life Wealth Secure Plan
- BSLI Wealth Assure Plan
- Birla Sun Life Fortune Elite Plan
- BSLI Wealth Aspire Plan
Birla Sun Life Insurance Wealth Max Plan
Birla Sun Life Insurance Wealth Max Plan is a single premium unit linked insurance plan. It provides financial protection for your family in your absence and also earns good returns for you. To make you choose this policy below we have provided the features, benefits, and eligibility of BSLI Wealth Max Plan.
Features of Birla Sun Life Wealth Max Plan
- It provides flexibility to add Top-ups whenever a policyholder has additional savings.
- Pay once and get the benefits of financial growth.
- Also, if you want to meet any emergency fund requirements, it provides flexibility of partial withdrawals.
Benefits of Birla Sun Life Wealth Max Insurance Plan
- Maturity Benefit: At the time of maturity you can get the maturity benefit as lump sum amount or you can choose as periodic instalments over 5 years from the date of maturity through settlement option.
- Death Benefit: On the death of a life assured during the policy term, the nominee will get the death benefit i.e. greater of basic fund value or Basic S.A. + higher of Top Up Fund value/Top-Up Sum Assured.
- Tax Benefit: You can avail Tax benefits under Section 80(C) and 10(10D) of the Income Tax Act, 1961.
BSLI Wealth Max Plan Eligibility
| Entry Age: |
|
| Policy Term: | 5, 10, 15, 20 years. |
| Premium Paying Term: | Single pay. |
| Basic Premium: |
|
| Basic Sum Assured: | 1.25 | 5 | 10 times the Basic Premium. |
For more details regarding Birla Wealth Max Plan, refer Birla Sun Life Wealth Max Plan Broucher.
Birla Sun Life Wealth Secure Plan
Features of Birla Sun Life Insurance Wealth Secure Plan
- It provides flexibility to add Top-ups whenever a policyholder has additional savings.
- Pay the limited premium and get protected for whole life.
- Also, if you want to meet any emergency fund requirements, it provides flexibility of partial withdrawals.
Benefits of BSLI Wealth Secure Plan
- Guaranteed Additions: Additional units will be added to your policy for your policy continuance.
- Death Benefit: On the death of a life assured during the policy term, the nominee will get the death benefit i.e. greater of basic fund value or Basic S.A. + higher of Top Up Fund value/Top-Up Sum Assured.
- Tax Benefit: You can avail Tax benefits under Section 80(C) and 10(10D) of the Income Tax Act, 1961.
Birla Sun Life Wealth Secure Insurance Plan Eligibility
| Policy Term | Whole Life |
| Entry Age | 1 to 60 years |
| Pay Term | 5 to 30 years |
| Minimum PPT | Attained age at the end of the premium paying term must be 18 years & more. |
| Maximum PPT | Attained age at the end of premium paying term must be 75 years or less. |
| Basic Premium |
|
| Top-up Premium | Minimum Rs. 5,000 |
For more details regarding Birla Wealth Plan, refer Birla Sun Life Wealth Secure Plan Broucher.
BSLI Wealth Assure Plan
Features of Birla Sun Life Wealth Assure Plan
- It provides flexibility to add Top-ups whenever a policyholder has additional savings.
- Also, if you want to meet any emergency fund requirements, it provides flexibility of partial withdrawals.
- It is an Investment cum Insurance plan which provides financial security to your loved ones or family.
Benefits of Birla Sun Life Wealth Assure Insurance Plan
- Guaranteed Additions: From the 6th policy year onwards, additional units will be added to your policy.
- Death Benefit: On the death of a life assured during the policy term, the nominee will get the death benefit i.e. Basic Sum Assured + Fund Value as on the date of intimation of death.
- Maturity Benefit: At maturity, you will receive the fund value as maturity benefit.
- Tax Benefit: You can avail Tax benefits under Section 80(C) and 10(10D) of the Income Tax Act, 1961.
BSLI Wealth Assure Plan Eligibility
| Entry Age (age on last birthday) | 8 – 65 years. |
| Maximum Maturity Age | 75 years. |
| Policy Term | 10, 15, 20, 25, 30 years. |
| Premium Paying Term | 5 years. |
| Basic Premium |
|
| Top-up Premium | Minimum Rs. 5,000. |
| Pay Mode | Annually, Monthly. |
For more details regarding Birla Sun Life Wealth Plans, refer Birla Sun Life Wealth Assure Plan Broucher.
Birla Sun Life Fortune Elite Plan
Features of Birla Sun Life Fortune Elite Insurance Plan
- It provides flexibility to add Top-Ups whenever a policyholder has additional savings.
- If you want to meet any emergency fund requirements, it provides flexibility of partial withdrawals.
- Also, it provides flexibility to choose from 3 investment options to match your investment needs.
Benefits of BSLI Fortune Elite Plan
- Maturity Benefit: At maturity, you will receive the fund value as maturity benefit.
- Death Benefit: On the death of a life assured during the policy term, the nominee will get the death benefit i.e. greater of basic fund value or Basic S.A. + higher of Top Up Fund value/Top-Up Sum Assured.
- Tax Benefit: You can avail Tax benefits under Section 80(C) and 10(10D) of the Income Tax Act, 1961.
Birla Sun Life Insurance Fortune Elite Plan
| Entry Age: | 1 to 55 years (subject to max maturity age of 75 years). |
| Policy Term : | 20, 25, 30, 35, 40 years. |
| Premium Paying Term (PPT) : | 5, 10, 15, 20 years. |
| Minimum Basic Premium: | Rs. 40,000. |
| Minimum Sum Assured: | Rs. 400,000. |
| Top-up Premium | Minimum Rs. 5,000. |
For more details regarding Birla Sun Life Wealth Plans, refer Birla Sun Life Fortune Elite Plan Broucher.
BSLI Wealth Aspire Plan
Features of Birla Sun Life Wealth Aspire Plan
- It provides flexibility to add Top-Ups whenever a policyholder has additional savings.
- If you want to meet any emergency fund requirements, it provides flexibility of partial withdrawals.
- Flexibility to choose from:
- premium paying terms from 5 to 40 years.
- wide range of policy term.
- 4 investment options.
Benefits of Birla Wealth Aspire Plan
- Guaranteed Additions: Additional units will be added to your policy for your policy continuance.
- Maturity Benefit: At the time of maturity you can get the maturity benefit as lump sum amount or you can choose as periodic instalments over 5 years from the date of maturity through settlement option.
- Death Benefit: On the death of a life assured during the policy term, the nominee will get the death benefit i.e. greater of basic fund value or Basic S.A. + higher of Top Up Fund value/Top-Up Sum Assured.
Birla Sun Life Insurance Wealth Aspire Plan Eligibility
| Entry Age |
|
| Maturity Age | 18 to 70 years |
| Policy Term |
|
| Premium Paying Term | 5 to 40 years |
| Minimum Basic Premium |
|
| Minimum Sum Assured | Rs. 300,000 |
| Top-up Premium | Minimum Rs. 5,000 |
For more details regarding Birla Sun Life Wealth Plans, refer Birla Sun Life Wealth Aspire Plan Broucher.
Birla Sun Life Wealth Insurance Plan Buying Procedure
From all the above mentioned Birla Sun Life Wealth plans, you can buy the required policy at the Birla Life Insurance Branch Office or contact the agent of Birla Sun Life Insurance company. To buy a Birla Sun Wealth with Protection Plan, a proposal form/application form is required. Some policies have the facility to buy through online. The documents that may be required to buy BSLI Wealth plans are,
- Application form/ Proposal form along with a photo.
- Address Proof.
- Age Proof.
- Medical reports (If required).
How to claim a Birla Sun Life Insurance Wealth Plan?
On the death of the policyholder during the policy term or on maturity, the nominee/policyholder can claim for the benefit. To claim any of the Birla Sun Life Wealth Plans, you need to visit the branch office if there is no online facility. Documents that may be required for claiming a Birla Sun Life Insurance Wealth plan are,
- Original Policy Document.
- Proof of title.
- Death Proof.
- Medical treatment documents before death.
- Age proof.
- Additional documents in case of death occurred due to unnatural or accidental death.
BSLI Wealth Plan Premium Calculator
If you want to calculate the premium or maturity amount or any other, you can make use of the Birla Wealth and Protection Plan Premium Calculator. For calculation, the details that you may need to enter are,
- Name of the Policyholder.
- Email Id.
- Mobile Number.
- Age Proof.
- Policy Term.
- Sum Assured.
Birla Sun Wealth and Protection Plan – Additional Information
Free Look Period:
If you are not satisfied with the policy terms and conditions, you may return the policy within the Free Look Period mentioned by the company. For most of the policies, it will be 15 days.
Grace Period:
If you have not paid the premium within time, the company will provide a grace period to make the policyholder pay the premium within that time. Most of the Birla Sun Life policies has the grace period as shown below.
- For premium payment of yearly or half-yearly or quarterly the Grace Period is 30 days.
- Premium payment of monthly mode, 15 days grace period is allowed.
Revival Period:
If you have not paid the due premiums within the grace period, the policy lapses. Then you can revive your policy within the duration mentioned by the company from the date of first unpaid premium. For most of the policies, it will be 2 consecutive years.
Surrender Value:
You can surrender the policy to the Birla Sun Life Company at any time during the policy term.