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BSLI Protector Plan

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This plan has been withdrawn by the insurance company and is no longer available for sale.



Birla Sun Life Insurance (BSLI) Protector Plan


This is a term plan that helps you secure your family’s future financial needs. In a term plan, if the policy holder dies then the insurance company pays the sum assured to the nominee. However, if the policy holder survives the policy term then no money is paid on maturity.




Key Features of BSLI Protector Plan


  • Financial protection to the beneficiary at an affordable premium
  • Freedom to choose increasing Sum Assured
  • On choosing Increasing Sum Assured of 5% or 10%, the Sum Assured increases by the same percentage without any increase in the premium amount
  • Payments can be made monthly, quarterly, half-yearly or annually
  • Premium reduction for females
  • Choice of 5 Rider options for extra protection
  • Income tax benefit
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Benefits you get from BSLI Protector Plan


Death Benefit - In case of Death of the Life Insured the Sum Assured is paid to the nominee and the policy ends


Maturity Benefit – If the policyholder (life insured) survives till the end of the policy (maturity), then no benefit is payable and the policy ends


Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C



Eligibility conditions and other restrictions in BSLI Protector Plan






Sum Assured (in Rs.)



Policy Term (in years)



Premium Payment Term (in years)

Equal to policy term

Equal to policy term

Entry Age of Policyholder (in years)



Age at Maturity (in years)



Payment modes

Annual, Half-yearly, Quarterly & Monthly



Sample illustration of premium amount in BSLI Protector Plan


The below illustration is for a healthy Male, Age = 35 years opting for a Sum Assured = Rs. 20 lakhs and Policy Term = 20 years


BSLI Protector Plan Sample Illustration of Premium Rates



Additional Features and Benefits of BSLI Protector Plan


Sum Assured Options –

  • Level Term – Sum Assured remains constant for the entire policy term
  • Increasing Sum Assured @ 5% – Sum Assured gets increased by 5% on every policy anniversary
  • Increasing Sum Assured @ 10% – Sum Assured gets increased by 10% on every policy anniversary


Riders – There are 5 rider options available in this policy at a very affordable cost

  • Critical Illness Rider
  • Accidental Death and Disability Rider -
  • Surgical Care Rider
  • Waiver of Premium Rider
  • Hospital Care Rider



What happens if?


You stop paying the premium - If the policy holder stops paying the premium, then all benefits of the policy will stop after the grace period ends


You want to surrender the policy – There are no surrender benefits under this term plan


You want a loan against your policy – No loan available under this policy


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