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Insurance Plans |
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Highlights |
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Large life cover at low cost |
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Ideally suited
for covering all your liabilities |
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Complete
security for your loved ones |
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What is life
without dreams and wishes? |
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Dreams of a life full of
cheerful and happy moments. However life has its
uncertainties and risks. To take care of these
uncertainties, you need to plan ahead. We, at Birla Sun
Life Insurance look at life insurance from your needs
point of view, creating customized solutions. It is this
commitment which enables us to find way to adapt. To
change. To adjust. It is this philosophy that has
brought the Aditya Birla Group and Sun Life Financial
Inc. together to form Birla Sun Life Insurance Company
Limited.
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What is Birla
Sun Life Term Plan about? |
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The plan has been designed
for people who want to avail of the benefits of life
insurance at low cost. It is a low premium, pure risk
coverage plan which takes care of your financial
commitments towards your family or dependants, should
anything unfortunate happen to you.
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Unique Features |
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Riders - Accidental Death &
Dismemberment Rider, Critical Illness Rider, Waiver Of
Premium Riders available along with the plan, you can
avail of riders even in the case of Single Premium
Policy.
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Favourable Term - Favourable
Premium Rates for Female Clients.
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Age Benefit - Maximum age
for maturity is 70 years.
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Face Value Rebate -
Attractive Rebate for Face Amounts equal to or greater
than Rs.5 Lakhs for regular pay and for face amount
greater than or equal to 7 Lakhs for single pay.
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Free Look Period - Review
your decision for 15 days from the date of receipt of
the policy document.
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The Plan |
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The plan has been designed
for people who want to avail of the benefits of life
insurance at a low cost. It is a low premium, pure risk
coverage plan which takes care of your financial
commitments towards your family or dependants, should
anything unfortunate happen to you.
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Term
Plan |
| Entry
age |
18-55 years |
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Minimum Face Amount (Sum Assured) |
Rs.2,50,000 in case of
single premium & Rs.2,00,000 in case of regular
premium for a person fulfilling the eligibility
criteria.
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Benefit Period |
As
per policy terms 5,10, 15, 20 or 25 years |
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Premium Paying Period |
Single pay or over the duration of the plan. |
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Premium Payment Frequency |
Annually,
semi-annually, quarterly,Monthly (through ECS) or
one-time payment
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Grace Period |
Pay your premium
within 30 days after the premium due dates
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| Amount due to
nominee in event of death of the life insured |
Face Amount |
| Maturity benefit |
Nil |
| Riders |
Accidental Death and
Dismemberment rider and Critical illness rider,
Waiver Of Premium riders, but only at the time of
purchase of policy.
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* Tax
Benefits |
Under Sec 80C and
Sec 10 (10D) of the Income Tax Act 1961** |
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current tax legislations) |
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Riders |
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Riders are the additional benefits that you may buy at a
nominal extra cost and add to your policy. The addition of
riders helps you to customize the Birla Sun Life Term Plan
to match your present and future needs. You may avail of
these riders along with your base plan.
Accidental Death and
Dismemberment Benefit Rider:
It provides additional amount of cover in case of
death due to accident or loss of more than one limb or
sight in both the eyes and partial coverage in case of
loss of one limb or sight in one eye.
Critical Illness
Rider:
It provides a cover in the event of life insured being
diagnosed as suffering from any of the specified critical
illnesses.
Waiver of Premium:
This rider waives payment of future premiums on the
happening of any of the unforeseen events as covered under
this rider.
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Terms used |
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Premium - The amount one has
to pay during the period in order to subscribe to a
particular plan for a given level of plan benefit.
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Premium Paying Period : The
period over which you agree to pay the premiums.
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Benefit Period
- The period for which the insurance plan has been taken. |
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Face Amount -
It is the death benefit payable. |
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Age - As per
last birthday. |
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Disclaimer |
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As per budget announcements
- February 05 of the finance ministry, there are
amendments to Section 80 CCC, Section 80 L and Section
88; The amendments will come into effect when the
finance bill is approved by parliament. Kindly make note
of the same.
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Section 41 of Insurance Act :
No person shall allow or offer to allow, either directly
or indirectly, as an inducement to any person to take or
renew or continue an insurance in respect of any kind of
risk relating to lives or property in India, any rebate
or the whole or part of the commission payable or any
rebate of the premium shown on the policy, nor shall any
person taking out or renewing or continuing a policy
accept any rebate, except such rebates as may be allowed
in accordance with the published prospectuses or tables
of the insurer.
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