Birla Sunlife Insurance – Term Plan



BSLI Term Plan

Your BSLI’s Term Plan is a low premium, pure risk coverage plan, which takes care of your financial commitments and secures your family’s future should anything unfortunate happen to you.

Low Costs, High Cover

This plan provides you all the benefits of life insurance at affordable costs.

Riders

The plan offers three riders at nominal costs– Accidental Death and Dismemberment Rider, Critical Illness Rider and Waiver of Premium Rider.

Sum Assured Rebates

The plan offers attractive rebate for face value amounts equal to or greater than Rs. 5 Lakh for regular pay. In case of single pay, this rebate is available for amount greater than or equal to Rs. 7 Lakh.

Tax benefits

Investments in this plan are eligible for tax benefits under Sections 80C

and 10(10D) of the Income Tax Act.



More Benefits

• Maturity Benefit – NIL

• Death Benefit –  In the event of your unfortunate death, the nominee receives the Sum Assured.

• Special benefits for women – The plan offers favourable premium rates for female clients.

Plan Summary

Entry Age 18 – 55 years
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
Benefit period As per policy terms 5,10,15,20 or 25 years
Premium Paying Period Single pay or over the duration of the plan
Premium Payment Frequency Annually, semi-annually, quarterly, monthly (through ECS) or one-time payment
Grace Period Pay your premium within 30 days after the premium due dates
Amount due to nominee in event of death of the life insured Sum Assured
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
Tax Benefits Under Sec 80C and Sec 10(10D) of the Income Tax Act, 1961

 

Download its brochure here.

Birla Sunlife Insurance – Term Plan
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