Birla Sun Life Saral Health Plan
BSLI Saral Health Plan is a Non-Participating Unit Linked Health Insurance Plan from Birla Sun Life. Thus, this plan provides the benefit of a Health Plan which caters to hospitalization benefit along with fixed surgical benefits as well along with Life Coverage and Market Linked Investment Opportunity.
This is a Non-Traditional Plan without Bonus facility.
Key Features
Benefits
Being a Whole Life Plan, there is no Maturity Benefit under this plan. However, after the Policy Tenure is over, the Health Benefit stops but the Fund Value continues till 100% of the same has been paid out as Health Reimbursement Benefit
- Hospitalization Benefit— is paid up to:
- Rs. 2,000 if there has been no surgical procedure during your hospitalization; or
- Rs. 4,000 if there has been any surgery during your hospitalization; or
- Rs. 8,000 if surgery directly involved with the brain, heart (including coronary arteries), liver or lung
- Critical Illness Benefit— In case of diagnosis of any of the 4 critical illnesses Heart Attack, Cancer, Stroke and Major Organ Transplant, a lump sum amount of Rs 20,000 is paid for Recovery Purpose
- Health Reimbursement Benefit— This benefit can be claimed after 5 Policy Years to an extent of 100% of the Fund Value for the following:
- General practitioners fees, medicines and drugs,
- Pathology and diagnostics expenses
- Dental treatment
- Ayurvedic and Homeopathic treatment
- Any health related expense not covered under medical insurance
For claiming this Benefit, bills or proof of expense needs to be produced and the Health Reimbursement Benefit would be provided by reducing the Fund Value by the same amount.
- Terminal Illness Benefit— If the Life Insured is diagnosed with a terminal illness, 100% of the Fund Value can be withdrawn.
Health Insurance Premiums paid up to Rs. 15,000 for normal residents and Rs 20,000 for Senior Citizen are allowed as a deduction from the taxable income each year under section 80D
There are NO additional riders available with this plan
- Income Advantage Fund
- Maximiser Fund
Top Up premiums are not allowed under this plan
There is no switching option as investment is based on age under LifeCycle Option.
The first 4 Reimbursement Claim in a policy year is free of charge and 100% of the Fund Value can be claimed after 5 Policy Years.
How it works
Eligibility
Minimum | Maximum | |
Health Insurance Benefit (in Rs.)
|
10,00,000
|
|
Policy Term (in years)
|
10
|
20
|
Policy Term (in years)
|
10 pay for PT=10
|
10 pay and 20 pay for PT= 20
|
Entry Age of Life Insured (in years)
|
18
|
50
|
Age at Maturity (in years)
|
-
|
70
|
Payment modes
|
Yearly, Half-Yearly. Quarterly and Monthly
|
FAQs
If the premiums are stopped before completion of 3 policy years, then the policy lapses. It can however be revived with 2 policy years.
After completion of 3 policy years, the Fund Value, net of charges is paid out.
There are no surrender benefits under this term plan.
Loan facility is not available under this policy.