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Dear Devika,



The Maturity Benefit for Guaranteed Education Benefit of 20% of Sum Assured is paid on policy maturity is Sum Assured + Guaranteed Addition of 10% of Sum Assured (provided the policy has been in force for at least 10 years) + Guaranteed Education Amount of 20% of Basic Sum Assured +... Read More>>

Dear Himansu,



The sample premium for



Birla Sun Life Policy: Protector Plus Plan with

Term: 20 years

Age: 44 years

Sum Assured: Rs 1 crore

Mode: Annual

Category: Non Smoker



Modal Premium: Rs 34,300

• Asked By: Himansu
• On: 10th Apr 2012
• Answered Within: 23 Hours

Dear Yash,



Since you are worried about the Private Life Insurance Companies vis-a-vis the LIC of India, let me clarify a few points to you.



According to Section 64VA of Insurance Act 1938 there is a solvency margin of Rs 150 crores that needs to be submitted to the RBI under IRDA, the Insurance... Read More>>

Dear Tnshirsat, 

In our website, My Insurance Club you can clear your queries on your insurance policies but we do not have details of the policies as it is a confidential document and is a contract between the Insurer and the Insurance Company.

Insurance Policy is a confidential information between... Read More>>

Dear Deepak Sanghi,

 Now, when you have purchased the plan, you must have had a plan for which you would have purchased this plan.



Since ULIPs typically are Long Term products and so is this plan. The performance cannot be monitored in such a short time as it should only be evaluated in a period of... Read More>>

Dear Anand Singh,



Riders are additional protection that come at a very low cost along with the base plan. Hence it should definitely be taken as it provides enhanced coverage to you and your family against unforeseen situations.



Let me explain Accidental Death Benefit rider to you. Suppose, someone... Read More>>

Dear Joseph

In HDFC SL Classic Assure Plan is a Guaranteed Benefit Plan where the premium needs to be paid for 7 years while the Maturity Benefit is payable after 15 years. Reversionary and Terminal Bonus is payable on maturity.



The rate of return of 6 and 10% that is mentioned on the illustration is... Read More>>

Dear Pawan Kumar,



In our Website, My Insurance Club, we provide service to compare policies, read reviews and clarify doubts on any product related information or which policy you should opt for with your requirements. We do not have details of the policies as it is a confidential document and is a... Read More>>

Dear Lavanya,

It entirely depends on your risk appetite what kind of policy you should opt for. if you love to take risks in life and wish to get very high returns even at the stake of losing the money, then you can for Unit Linked Insurance Plan where the returns are marked to market. The risk of... Read More>>

The Oldest ULIP of Birla Sun LIfe Insurance is BSLI Flexi Insurance Plan, Product Code 109L001V01. This plan was in operation from 13-Mar-2001 to 1-Jul-2006.



There are many ULIPs of Birla Sun Life Policies including Group Plans. I am providing you a list of all the New Unit Linked Plans to be... Read More>>