Term Plan of Birla Sun Life Insurance

Birla Sun Life Insurance Term Plan is beneficial for those people who want to avail the benefits of life insurance at low cost. It is a low premium plan with pure risk coverage and it takes care of your financial commitments towards your family or dependants, if anything unfortunate happens to you. Benefits: . Riders: 1)Accidental Death and Dismemberment Benefit Rider: It provides additional amount of cover in case of death due to accident or loss of more than one limb or sight in both the eyes and partial coverage in case of loss of one limb or sight in one eye. 2)Critical Illness Rider: It provides a cover in the event of life insured being diagnosed as suffering from any of the specified critical illness (i.e. heart attack, stroke, cancer and surgery to coronary arteries). 3)Waiver of Premium: This rider waives payment of future premiums on the happening of any of the unforeseen events as covered under this rider. You can even avail of riders even in the case of Single Premium Policy. . Favourable Term: Favourable Premium Rates for Female Clients. . Age Benefit: Maximum age for maturity is 70 years. . Face Value Rebate: Attractive Rebate for Face Amounts equal to or greater than Rs.5 lakhs for regular pay and for face amount greater than or equal to 7 lakhs for single pay. . Free Look Period: You can review your decision for 15 days from the date of receipt of the policy document. . Tax Benefits: You can avail the tax benefits under Sec 80C and Sec 10 (10D) of the Income Tax Act 1961. Eligibility: Entry Age: 18-55 years Minimum Face Amount (Sum Assured): Rs.2,50,000 in case of single premium and Rs.2,00,000 in case of regular premium for a person fulfilling the eligibility criteria. Benefit Period: As per policy terms 5,10,15,20 or 25 years. Premium Paying Period: Single pay or over the duration of the plan. Premium Payment Frequency: Annually, Semi-annually, quarterly, monthly or one time payment. Grace Period: Pay your premium within 30 days after the premium due dates. Amount due to nominee in event of death of the Life Insured Face Amount (Sum Assured)