Birla Sun Life Term Insurance

Birla Sun Life Term Plans come with carious benefits and attractive features that provide financial security to the family of the life insured and protects family against future financial liabilities which may arise due to unforeseen circumstances. The company offers various plans which are discussed below:

Birla Sun Life Protector plus Plan
  • Entry Age: 18 to 65 years
  • Policy Term: 5 to 30 years
  • Sum Assured: Rs. 30 lakh to any amount
  • Premium: minimum is Rs. 3,024 and is generally affordable
  • Premium payment mode: monthly, quarterly, half yearly or yearly
  • Death benefit: it is paid either in lump sum or in installments. The amount paid can be Sum Assured (on date of death), 10 times annual premium or 105% of premiums paid till death, whichever is higher.
Birla Sun Life Future Guard Plan
  • Entry Age: 18 to 65 years
  • Policy Term: 10 to 30 years
  • Sum Assured: Rs. 5 lakh to any amount
  • Premium: available in two options. One can opt for either return of 100% of premiums paid on maturity or 110% to 150% of premiums on maturity.
  • Premium payment mode: monthly, quarterly, half yearly or yearly
  • Death benefit: 105% of premiums paid, ten times annual premium or sum assured, whichever is higher
Birla Sun Life Easy Protect Plan
  • Entry Age: 18 to 55 years
  • Policy Term: 5 to 30 years
  • Sum Assured: Rs. 50 lakh to any amount
  • Premium payment mode: monthly or yearly
  • Premium paying term: equal to policy term
  • Death benefit: sum assured on event of death of the life insured
Birla Sun Life Protect @ Ease Plan
  • Entry Age: 18 to 55 years
  • Policy Term: 5 to 30 years
  • Sum Assured: Rs. 50 lakh to Rs. 500 Crores
  • Premium paying term: equal to policy term
Features and benefits of Birla Sun Life Term Plans
  • One can avail a total of five riders under Protector Plus Plan which are, Surgical Care Rider, Waiver of Premium Rider, Hospital Care Rider, Critical Illness Rider and Accidental Death & Disability Rider.
  • The benefits of Income Tax Act, 1961 can be availed under Section 80C (for premiums) and Section 10(10D) (for claims).
  •  One has two coverage options under Protect plus Plan- level sum assured and increasing sum assured (in which the sum assured increases @ 5% to 10% every year).
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