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This plan has been withdrawn by the insurance company and is no longer available for sale.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



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





Sum Assured (in Rs.)

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

No limit

Policy Term (in years)



Premium Payment Term (in years)


Equal to policy term

Entry Age of Policyholder (in years)



Age at Maturity


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


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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