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.

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Key Features

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

There are 3 riders available in this policy

· Accidental Death and Dismemberment rider

· Critical Illness rider

· Waiver of Premium rider


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.

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


  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

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


angle down iconWhat 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.

angle down iconWhat happens if you want to surrender the policy ?

There are no surrender benefits under this term plan.

angle down iconWhat happens if you want a loan against your policy ?

Loan facility is not available under this policy.