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)

Birla Sunlife Insurance Money Back Plus Plan

Birla Sunlife Money Back Plan, a non-participating endowment plan offers you the Power of Guarantee with Safety and Liquidity. Your family comes first for you and so does their future. Your dreams for your family require strong financial planning. Your savings today may not be enough to power those dreams of tomorrow. Birla Sunlife Money Back Plan helps you to fulfill your dreams. Benefits: The Birla Sunlife Money Back Plan offers: 1)Growth and Liquidity: This plan offers you a chance to earn survival benefit at the end of every policy year from the 3 years onwards. The Survival Benefit can be withdrawn by you or may be used to pay the premium dues. 2)Assurance on Maturity: At maturity, your policy returns you an amount equal to your Guaranteed Maturity Benefit, plus your survival benefit. 3)Increasing Safety: Every policy anniversary, the plan increases your existing cover by an amount equal to the annual base premium. As a result, your cover increases with successive year, thus offering you increasing safety. 4)Survival Benefit: At the end of every policy year starting from the 3 year, you will earn a survival benefit calculated as your total base premiums paid till date multiplied by: . 5% + 60% of any excess of the GSec rate over 7.50%; or . 5% - 75% of any excess of the 7.50% over the GSec rate. Eligibility: 1)Age: 60 years of age or younger. The plan cannot be sold to less than 30 days old babies. 2)Term: Looking to invest for more than 10 years. The maximum term for this product is (70 minus your current age) subject to maximum of 40 years. 3)Amount of Investment: Looking to invest at least Rs.9600 per annum. While there are no limits on the amount you can invest in this plan. You can choose your annual base premiums only in multiples of Rs.1200 per annum over the minimum premium of Rs.9600.