Different Products Offered by Birla Sun Life Insurance

Birla Sun Life Insurance

The popularity of Life insurance products are growing day by day. The last decade has experienced a boon in the life Insurance industry. Now there are at least 24 life insurance companies in India. Among them all, let us pick up and discuss one of the most popular life insurance players- Aditya Birla Sun Life.

Birla Sun Life Insurance offers a wide variety of Life Insurance products ranging from term plans to retirement plans. Though the company sells not many child future plans but the only child plan they offer is very popular among middle class Indian parents, as it offers huge a number of benefits at affordable premium rates.  Let us now check out the various life insurance plans offered by Aditya Birla Sun Life.

BSLI protector plus Plan

This is a traditional life insurance plan which offers comprehensive life coverage at affordable premium rates. The policy details of this term plan are shown below:

• Entry Age: 18 years – 65 years
• Maximum Maturity Age : 70 years
• Policy term : 5 years – 30 years
• Minimum sum assured: Rs. 30,00,000/-
• Minimum premium: Rs. 3024/- p.a.
• Inbuilt total and permanent Disability cover available

BSLI Easy Protect Plan

This is a traditional term insurance plan that gives you the flexibility to choose from two plan options to meet your financial needs. Following are the eligibility details and key features of the plan:

• Entry Age: 18 years – 55 years
• Maximum Maturity Age: 80 years
• Policy term: 5 years – 30 years
• Minimum sum assured: Rs.50,00,000/-
• Premium paying term: single/ regular

BSLI Future Guard Plan

This is a traditional term plan that rewards for a healthy lifestyle while providing complete financial protection at an affordable premium cost. Following are the eligibility details of this life insurance plan:

• Entry Age: 18 years – 55 years
• Maximum Maturity age: 80 years
• Policy Term: 5 years – 30 years
• Minimum Sum Assured: Rs.50,00,000/-
• Premium paying: Single / Regular

BSLI Protect@Ease

This is an online term insurance plan that allows the death benefit to be received as annual income. The policy details of this life insurance plan are as follows:

• Entry Age: 18years – 55 years
• Maximum Maturity Age: 80 years
• Minimum sum Assured : Rs. 50,00,000 /-
• Maximum Sum assured: Rs. 5,00,00,00,000/-
• Premium paying frequencies : annual / monthly
• Single payment term is also available

BSLI Vision Star Plan

This is a traditional participating life insurance plan. This is the only child plan offered by Aditya Birla Life Insurance. Among all the child future plans available in the market, this plan is the most popular. Following are the feature highlights of the plan:

• Entry Age: 18 years – 55 years
• Maximum Maturity Age: 75 years
• Premium paying term: 5 years – 12 years
• Minimum sum assured: Rs.1,00,00/-
• Premium frequencies: yearly, half-yearly, quarterly, monthly

BSLI Empower Pension Plan

This plan is a unit-linked product. This is one of the most popular retirement plans available in the market. Following are the policy details of the pension plan:

• Entry age: 25 years – 70 years
• Vesting / maturity Age: 80 years
• Accumulation period: 5 years – 30 years
• Minimum premium: Rs.36,000/-
• Premium paying frequencies: Monthly, quarterly, semi-annually, annually

BSLI Immediate Annuity Plan

This is a traditional single pay plan that promises regular annuities for life after your retirement. The advantage of immediate annuity plan is that you can buy this plan anytime before or after yoir retirement. Following are the key features of the plan:

• Entry Age: 30 years – 90 years
• Premium payment: Single
• Payout frequencies: monthly, quarterly, semi-annually, annually
• Minimum Purchase price: Depends on the annuity amount

BSLI Empower Pension- SP Plan

One of the most popular single pay retirement plans, BSLI Empower Pension is a unit linked product that gives you the opportunity to earn huge returns depending on the performance of the market. Following are the important features of the plan:

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• Entry Age: 25 years – 70 years
• Accumulation period: 5 years – 30 years
• Maximum vesting age: 80 years
• Pay term: Single
• Minimum Premium amount: Rs. 1,00,000/-

Besides the plans discussed above, Birla Sun Life Insurance also offers endowment plans, investment plans and savings plans. If you want to know more about the life insurance plans offered by Aditya Birla Sun life Insurance Company, you can either visit the homepage of the company or the website of online insurance aggregators where you will find detailed information on all life insurance plans currently available in the market.