Syndicate Bank plans to venture into the life insurance space and has shortlisted Aviva Life Insurance, Birla Sun Life Insurance and Reliance Life Insurance for this purpose. Apart from these 3 domestic insurance companies, the bank has also shortlisted Avantha Ergo which is a foreign insurer.

“The process is on. We are evaluating both brownfield and greenfield options. What we want is an efficient partnership. We don't want to use our capital to acquire a majority stake,” said a senior...  Read More »

Two term insurance plan variants ‘BSLI Protector Plan’ and ‘BSLI Protector Plus Plan’ are the latest offerings by Birla Sun Life Insurance Company. These term plans are very unique as they allow the customer to increase the sum assured on every policy anniversary.
 
‘BSLI Protector Plan’ and ‘BSLI Protector Plus Plan’ can be purchased by any individual between 18 years to 65 years of age. The maximum age allowed on maturity is restricted at 75 years. The premium rate for females is lower than...  Read More »

Birla Sun Life Insurance Company has launched the BSLI Foresight Plan which is a market linked product (ULIP).

The BSLI Foresight Plan operates in much the same way that most ULIPs do, there are some variations in it. The plan offers 2 options – a guaranteed option in which your proceeds would be invested in the Foresight Fund and would be managed by the company. The company guarantees a minimum maturity benefit. The customer also has the option of...  Read More »