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This plan has been withdrawn by the insurance company and is no longer available for sale.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

Birla Sun Life Term Plan is a pure term insurance policy which offers high coverage at low and attractive premiums. This policy is not necessarily for high coverage but quite affordable even at lower coverage.

 

Key Features of BSLI Term Plan

  • It is a pure Term Insurance Policy with Death Benefit only
  • 3 attractive riders of Accidental death and dismemberment rider, critical illness rider and waiver of premium rider available even with single premium option
  • Woman discount available for female policyholders and large sum assured rebate

 

COMPARE THIS PLAN WITH OTHER TERM PLANS
    Yes
    No

    Benefits you get from BSLI Term Plan

    • Death Benefit – In case of death of the policy holder, the nominee gets the sum assured under the plan
    • Maturity Benefit – Being a pure term plan, there are no maturity benefits under this plan.
    • 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 Term Plan

     

     

    Minimum

    Maximum

    Sum Assured (in Rs.)

    2,50,000 for single premium and 2,00,000 for regular

    No limit

    Policy Term (in years)

    5

    25

    Premium Payment Term (in years)

    Single

    Equal to policy term

    Entry Age of Policyholder (in years)

    18

    55

    Age at Maturity

    NA

    Not Specified

    Single premium

    Not Specified

    Not Specified

    Payment modes

    Single, Annual, Semi-Annual, Quarterly and Monthly

     

     

    HAVE ANY DOUBTS THAT NEED TO BE CLARIFIED?

     

    Sample illustration of premium amount in BSLI Term Plan

     

    The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 50 lakhs and Policy Term = 25 years

    BSLI Term Plan Sample Premiums

     

    Additional Features and Benefits of BSLI Term Plan

    Riders – There are 3 riders available in this policy

    ·         Accidental Death and Dismemberment rider

    ·         Critical Illness rider

    ·         Waiver of Premium 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 – Loan facility is not available under this policy.





     

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