Birla Sunlife Insurance – Premium Back Term Plan



BSLI Premium Back Term Plan

BSLI Premium Back Term Plan is a unique, low-cost term plan that offers you an assured peace of mind with premium back on maturity.

Optimal life insurance cover

This plan offers you optimal life insurance cover at low costs, thus ensuring your family’s financial security in case something unfortunate happens to you.

Money back at maturity

You receive the total premiums paid over the policy term at maturity.

Choice of maturity benefits

The plan offers two maturity benefits to choose from – 100% Premium Back or 125% Premium Back.
Benefit 100% Premium Back 125% Premium Back
Death Sum assured + 100% premium back paid till date Sum assured + 100% premium back paid till date
Maturity 100% premium back 125% premium back

Tax Benefits

Investments in this plan are eligible for tax benefits under Sections 80C and 10(10D) of the Income Tax Act, 1961.

More Benefits

Death benefit In the event of your unfortunate death, the nominee receives the Sum Assured along with the premiums paid till date.
Riders The plan offers three riders – Accidental Death and Dismemberment Rider, Critical Illness Rider and Waiver of Premium Rider.

Plan Summary

Entry Age Minimum – 18 years
Maximum – 50 years for the 20 year term
55 years for the 10 and 15 years term plan
Minimum sum assured Rs. 2,00,000
Premiuim Paying Frequency Annually, semi- annually, quarterly or on a monthly basis
Tax Benefits Under Section 80C and 10(10D) of the Income Tax Act, 1961

 

Download its brochure here.



Birla Sunlife Insurance – Premium Back Term Plan
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