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Birla Sun Life Insurance

A joint venture between Aditya Birla Group and Sun Life Financial Inc, Birla Sun Life Insurance offers a variety of insurance products from term insurance plans to wealth with protection plans which you can purchase according to your requirements.
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Plan Benefits

Payment Options

Policy Coverage

Customer Service

Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya Birla Group and Canadian financial firm Sun Life Financial Inc. With over 2.5 million customers, BSLI is one of the leading life insurance companies and fund managers in India.

The company has over 600 branches spread over 500 cities and pioneered the launch of Unit Linked Life Insurance plans. BSLI provides a complete range of insurance services including protection solutions, health and retirement solutions, wealth with protection, children’s future solutions, life stage products and customised group insurance solutions for employees of various organisations.


Key Highlights of Birla Sun Life Insurance

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Claim-settlement ratio for Birla Sun Life Insurance

Claim Settlement Ratio

Claim-settlement ratio of 94.69% for year 2016-2017

Occupation eligibility for Birla Sun Life Insurance

Grievances Resolved

99.84% Grievances Settled for year 2016-2017


To be eligible for Birla Sun Life Insurance

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Minimum age for Birla Sun Life Insurance

You should be at least 18 years old

Maximum age for Birla Sun Life Insurance

You should be less than 56 years old

Occupation eligibility for Birla Sun Life Insurance

You should be either Salaried, Self- employed, a professional or have your own business


Birla Sun Life Insurance at a Glance

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Maximum tenure of Birla Sun Life Insurance

A maximum tenure of 30 years

Maximum sum assured for Birla Sun Life Insurance

Min Sum Assured: Rs.50,00,000
Max Sum Assured: Rs.500,00,00,000

Exclusions for Birla Sun Life Insurance

Specific exclusions: Suicide within the first 12 months


Documentation needed to apply for an Birla Sun Life Insurance

  • 1. Identity Proof
  • 2. Age Proof
  • 3. Income Proof
  • 4. Address Proof
  • 5. PAN Number

Birla Sun Life Insurance Plans in India

Protection plans
  • ABSLI DigiShield Plan
  • ABSLI Income Shield Plan
  • ABSLI Life Shield Plan
Wealth with protection plans
  • ABSLI Wealth Max Plan
  • ABSLI Wealth Secure Plan
  • ABSLI Wealth Assure Plan
  • ABSLI Fortune Elite Plan
  • ABSLI Wealth Aspire Plan
Children’s future plans
  • ABSLI Vision Star Plan
Health plans
  • ABSLI Cancer Shield Plan
  • ABSLI Hospital Plus Plan
  • ABSLI CritiShield Plan
Retirement plans
  • ABSLI Empower Pension Plan
  • ABSLI Immediate Annuity Plan
  • ABSLI Empower Pension - SP Plan
Savings with protection plans
  • ABSLI SecurePlus Plan
  • ABSLI Vision MoneyBack Plus Plan
  • ABSLI Vision Life Income Plan
  • ABSLI Savings Plan
  • ABSLI Vision LifeSecure Plan
  • ABSLI Income Assured Plan
  • ABSLI Vision Endowment Plus Plan
  • ABSLI Guaranteed Milestone Plan
  • ABSLI POS – Jeevan Bachat Plan

Birla Sun Life Protection Plans:

The protection plans offered under Birla Sun Life Insurance help ensure the financial security of one’s family, especially during times of crisis. These protection solution plans offer your family total financial security, therefore, reducing the overall stress.

Type of plan Basic sum assured Policy tenure
ABSLI DigiShield plan
  • Minimum sum assured: Rs.30 lakh
  • Maximum sum assured: No limit
5 to 40 years
ABSLI Income shield plan
  • Minimum sum assured: Rs.5 lakh
  • Maximum sum assured: No limit
10 to 40 years
ABSLI Life shield plan
  • Minimum sum assured: Rs.25 lakh
  • Maximum sum assured: No limit
  • Minimum policy tenure: 10 years or 20 years
  • Maximum policy tenure: 50 years

Birla Sun Life Savings With Protection Plans:

The savings with protection plans offered under Birla Sun Life Insurance provide the chance to save money in limited quantities, with the additional benefit of a large cover and tax free returns. These small savings go a long way in protecting one’s family’s future.

Type of plan Basic sum assured Policy tenure
ABSLI SecurePlus Plan
  • The sum assured of a policyholder is determined based on their age of entry and the pledged premium amount to be paid in a policy year
  • The minimum sum assured amount is Rs.5.22 lakh
13 years
ABSLI Vision Money Back Plus Plan
  • Minimum sum assured: Rs.1 lakh
20, 24, and 25 years
ABSLI Vision LifeIncome Plan
  • Minimum sum assured: Rs.2 lakh
Whole life to 100 years of age
ABSLI Savings Plan
  • Minimum sum assured: Rs.30,000
  • Maximum sum assured: Rs.10 lakh
10, 15, and 20 years
ABSLI Vision LifeSecure Plan
  • Minimum sum assured: Rs.2 lakh
  • Maximum sum assured: Rs.12,000 paid per annum
15 to 35 years
ABSLI Income Assured Plan
  • Minimum sum assured: Rs.1 lakh
15, 22, and 25 years
ABSLI Vision Endowment Plus Plan
  • Minimum sum assured: Rs.1 lakh
10 to 40 years
ABSLI Guaranteed Milestone Plan
  • Minimum sum assured: Rs.2.25 lakh
  • Maximum maturity sum assured: Rs.90,000
12, 14, 16, 18, 20, 22, 24 & 26 years
ABSLI POS – Jeevan Bachat Plan
  • Minimum sum assured - For single pay policies - Rs.12,500
  • For limited pay policies - Rs.50,000
  • Maximum sum assured - For single pay policies - Rs.10 lakh
  • For limited pay policies - Rs.5 lakh
  • For Single Pay & 6 Pay: 10, 15, and 20 years
  • For 9 & 12 Pay: 15 and 20 years

Birla Sun Life Savings With Health Plans:

Birla Sun Life Insurance offers three different types of health plans which can be utilised by the insured to insure himself/herself, and also offer coverage for hospitalisation, injuries, and major critical illnesses. With these health plans, one can focus on getting adequate treatment rather than worrying about organising funds.

Type of the plan Basic sum assured Policy tenure
ABSLI Cancer Shield Plan
  • Minimum sum assured: Rs.10 lakh
  • Maximum sum assured: Rs.50 lakh
  • Minimum policy tenure: 5 years
  • Maximum policy tenure: 20 years
ABSLI Hospital Plus Plan
  • For Benefit Option A: Rs.75,000 per life
  • For Benefit Option B: Rs.2.25 lakh per life
  • For Benefit Option C: Rs.3.75 lakh per life
  • For Benefit Option D: Rs.5.63 lakh per life
5 years along with a guarantee of renewal
ABSLI CritiShield Plan
  • Minimum sum assured: Rs.10 lakh
  • Maximum sum assured: Rs.50 lakh
  • Minimum policy tenure: 5 years
  • Maximum policy tenure: 20 years

Birla Sun Life Child Plans:

Birla Sunlife Child plans are highly useful insurance policies, wherein the child’s future is secured through payments made at important junctions of his/her life. Some plans also offer the option of premium-payment by the company in case the insured doesn’t survive the policy tenor.

Plan Type Basic Sum Assured Tenure
Vision Star Rs.1,00,000 14 & 16 years

Birla Sun Life Retirement Plans:

The Birla Sun Life retirement plans are meant to provide steady income for senior citizens who are not working anymore. The plans pay out fixed benefits at policy maturity or retirement, while also paying death benefits as applicable to the particular policy.

  • BSLI Empower Pension Plan.
  • BSLI Immediate Annuity Plan.
  • BSLI Empower Pension- SP Plan.

Birla Sun Life Wealth With Protection Plans:

  • BSLI Wealth Max Plan : An insurance plan with investment options that cater towards wealth protection with guaranteed additions and a life cover that is never less than 105% of the total premiums paid.
  • BSLI Wealth Secure Plan: A life insurance plan that ensures financial management stays perfect through the choice of an investment option and also provides whole life cover.
  • BSLI Wealth Assure Plan: A life insurance plan that provides the invested fund value upon maturity on survival and death benefit that includes the sum assured as well as fund value.
  • BSLI Fortune Elite Plan: An insurance plan that allows the customer to choose an investment option to allow for maximum protection of wealth and additionally provides a life cover.
  • BSLI Wealth Aspire Plan: it is a unit-linked insurance plan that offers multiple policy term options as well as top-up additions. Partial withdrawals can also be made.
Plan Type Basic Sum Assured Tenure
Wealth Max 1.25/5/10 times basic premium 5,10,15 & 20 years
Wealth Secure lifetime
Wealth Assure Rs.1,00,000 if paid annually Rs.1,80,000 if paid monthly 10,15,20,25 & 30 years
Fortune Elite Rs.4,00,000 5,10,15 & 20 years
Wealth Aspire Rs.3,00,000 10-40 years

Birla Sun Life Rural Insurance Plans:

  • BSLI Bima Dhan Sanchay.
  • BSLI Bima Suraksha Super.
  • BSLI Bima Kavach Yojana.
  • BSLI Grameen Jeevan Raksha Plan.
Plan Type Basic Sum Assured Tenure
Bima Dhan Sanchay Rs.5,000 5,10 & 15 years
Bima Suraksha Super Rs.5,000 5,10 & 15 years
Bima Kavach Yojana Rs.50 3 years
Grameen Jeevan Raksha 20 times single premium 5 years

Birla Sun Life Insurance Group Plans:

  • Group Value Plus Plan: it is a gratuity solution plan that provides a number of plan options based on individual needs.
  • Group Unit Linked Plan: it is a gratuity solution plan that offers 10 investment fund options and added benefits up to 5% of the initial contribution.
  • Group Superannuation Plan: it is an insurance plan providing multiple investment options.
  • Group Asset Assure Plan: it is a non-linked, non-participating plan insurance plan providing flexible premium payment options and multiple benefit options.

Birla Sun Life Insurance Claims Process:

With the aim of providing policyholders with a hassle-free claims process, Birla Sun Life Insurance has set up an easy-to-understand and detailed claims process. Policyholders can file a claim either online or offline, based on their convenience.

Online Claims Process:

  • Policyholders who wish to file a claim online can intimate the company by sending an email to the Claims Department, mentioning the policy number as well as the policyholder’s details such as name, address, date of birth etc.
  • Alternatively, policyholders can also notify Birla Sun Life Insurance by visiting the website and filling an online claim intimation. On the Birla Sun Life Insurance homepage, claimants will have to click on the ‘Claims’ option and select the ‘Claims Process’ tab, from where they can file an online intimation.
  • Once the claim has been authenticated and verified by the Claims Team, a decision is taken as to whether the claim will be accepted or rejected.
  • Payouts for accepted claims are generated and the beneficiary is sent an intimation as well as the payout.

Offline Claims Process:

  • Policyholders can visit a Birla Sun Life Insurance branch or office and file a claim by filling out a Claim Form.
  • The form and relevant documentation would be scrutinized and verified by the Claims Team, following which a decision would be taken.
  • If the claim is accepted, the payout would be generated and released and the beneficiary would be intimated regarding the same.

Birla Sun Life Claim Settlement Ratio:

Birla Sun Life Insurance’s claim settlement ratio for the past two financial years is given below:

Year 2013-14 2014-15 2015-16 2016-17
Claim Settlement Ratio (%) 87.76 95.30 88.45 94.69
Total Premium (in crores) 4,833.05 5,233.22 5,579.71 5,723.96

Documents Required for Birla SunLife Insurance:

Individuals who wish to purchase a Birla Sun Life Insurance policy are required to submit a list of documents to verify their identity and personal details. The documentation to be submitted is as follows:

  • Recent passport-sized photograph.
  • Proof of identity: any 1 of the below mentioned documents can be submitted towards proof of identity:
    • Passport.
    • Driving licence.
    • PAN card.
    • Aadhaar card.
    • Voter’s identity card.
    • Job card issued by NREGA, signed by a State Government officer.
  • Proof of residence: Any one of the below mentioned documents are to be submitted towards proof of residence.
    • Property tax or municipal tax receipt.
    • Bank account or post office account statement.
    • Rent agreement.
    • Utility bills (electricity, gas, telephone) not more than 2 months old.
    • Letter of allotment or accommodation from State or Central government, financial institutions or listed companies.

Checking Birla Sun Life Insurance Policy Status:

Checking the status of a Birla Sun Life Insurance policy has been made simpler and more convenient with the company offering policyholders a number of channels. Policyholders can check the status of their life insurance policy through the following methods mentioned below.

Checking Policy Status Online:

Policyholders can check the status of their Birla Sun Life Insurance policies online by registering on the insurer’s homepage.

On registration, policyholders can sign in to their accounts and click on the ‘Policy Details’ tab from the options listed.

The current status of the policy in question will be displayed onscreen.

Policyholders can also email the insurance company to receive details as to the status of their policies.

Policyholders will have to provide information such as the policyholder’s name, date of birth, address, policy number etc. in the email.

Checking Policy Status Offline:

Policyholders can also call on the toll-free number provided by Birla Sun Life Insurance to get details on the current status of their life insurance policies. The toll-free number is serviced during working hours from Monday to Friday.

Policyholders will have to provide their name, policy number and additional information for authentication purposes.

Birla Sun Life Insurance Online Payment:

To make it easier for policyholders to make their premium payments on time and ensure that the payment channel is secure, Birla Sun Life has introduced online premium payments. Through this channel, policyholders can make their premium payments wherever they are and ensure they do not miss a payment and incur a penalty.

Policyholders who wish to avail of this service can follow the procedure given below:

  • Visit the Birla Sun Life Insurance website and click on the ‘Pay Premium’ option under the ‘Quick Links’ section.
  • Enter the policy number and the insured’ date of birth, email address and mobile number and click on ‘Submit’.
  • Confirm the amount to be paid as premium and choose a premium payment option.
  • Complete the transaction through the selected payment option.
  • An acknowledgement of the transaction will be displayed on screen, confirming the payment.

Birla Sun Life Insurance Premium Calculator:

Investing in life insurance is a long term plan for most policyholders, and comes at a significant cost in terms of premium payments. To ensure that policyholders are aware of the amount they would have to pay as premium throughout the policy term, Birla Sun Life Insurance has designed a premium calculator.

The calculator computes the amount that would have to be paid as premium for a particular policy based on certain factors and variables.

This helps individuals budget and plan for this regular expense, as well as pick policy terms that will suit their financial condition.

The Birla Sun Life Premium Calculator can be found on the insurer’s website and requires the individual to enter certain basic details such as date of birth, gender, desired life cover (in Rupees) and if they are a smoker/no-smoker.

The premium is then calculated based on the information provided.

Birla Sun Life Insurance Customer Care:

When it comes to insurance, post sales service can make or break the reputation of a company. Having complete understanding of this, Birla Sun Life has established a dedicated customer support team which is responsible only for assisting policyholder with all their policy related queries and grievances. In an effort to provide maximum convenience to their customers, the insurer has set up not only a special toll free helpline for customers within and outside India, but also set up an email ID where customers can direct all their policy related queries. Customers can also use the branch locator service on the website to find the nearest BSLI branch and meet a customer service team member. In addition to these services, BSLI has also set up a number of self-service options on their website for life insurance policy holders. Customers can easily manage all major aspects of their policy using options on the website such as payment of premiums, update contact details, change premium payment frequency, subscribe to receive e-statements, track their application, find out the claims procedure, subscribe to alerts, and give feedback. There is also on an online chat service where customer can submit their queries and will be offered immediate assistance.

Birla Sun Life Insurance FAQ’s:

Q. What is the minimum eligibility criteria when applying for a Birla Sun Life Insurance policy?

A. Following are the minimum eligibility criteria for a Birla Sun Life Insurance policy:

  • Individual should be within the age range as defined by the policy.
  • Individual should be able to make the premium payments for the policy tenure.
  • Individual should meet any other requirements as defined by the policy in question.

Q. What is the procedure to renew my life insurance policy?

A. If you wish to renew your life insurance policy, you will have to make the premium payment and communicate the same to the company through email/a letter whereupon the policy will be renewed.

Q. How do I cancel my Birla Sun Life Insurance policy online?

A. You can cancel your Birla Sun Life Insurance policy online by filling in the Surrender Form and submitting it as well as ceasing all premium payments.

Q. How do I generate the e-receipt for my Birla Sun Life Insurance policy?

A. The e-receipt can be generated by filling in details requested in the ‘Premium Paid Certificate’ link, which can be found on the company’s homepage.

Q. How do I contact Birla Sun Life Insurance customer service?

A.The customer services team can be contacted through email, by calling on the toll-free number (1-800-270-7000) from Monday to Friday or by visiting a Birla Sun Life Insurance branch office.

Q. To whom is the claim amount paid?

A. Claim amounts are disbursed to the nominee/assignee/appointee under Birla Sun Life policies.

Q. How can a loan be taken against a Birla Sun Life policy?

A. Once the policy has acquired Surrender Value, a loan can be taken against it. Every policy has different loan amounts that can be taken depending on the policy.

Q. How is the NAV calculated for servicing requests?

A. NAV is calculated at the time of making valuation / purchase. It’s calculated on the same day as when you make a transaction request.

Q. What is a switch in terms of my ULIP, and how can I make use of this facility?

A. A switch is when you shift the existing units of the ULIP into a new fund, which does not change your premium allocation. In order to switch, you must:

  • Update the fund information on the Birla Sun Life website using your CIP / TPIN.
  • Submit a switch form signed by you.
  • Call the company to take the switch request.

Q. What is a redirection in terms of my ULIP, and how can I make use of this facility?

A. Premium redirection enables you to change the allocation for all your future policy premium payments with your existing units being transferred to a new fund. In order to initiate a redirection, you must:

Update the fund information on the Birla Sun Life website using your CIP / TPIN.

Submit a redirection form signed by you.

Call the company to take the redirection request.

Q. What are the documents required to initiate a pay out?

  • Duly filled Payout/Cancellation form.
  • Original policy document (except in case of Withdrawal).
  • Photo ID proof.
  • Address proof.
  • Cancelled cheque.
  • Bank passbook/statement.

Q. Can riders be added to a policy that’s in force?

A. Riders can be added after the first policy year.

Q. What are the requirements to add a rider?

A. The following must be submitted to add a rider:

  • A lett
  • Letter from the policyholder.

News About Birla Sun Life Insurance

  • Birla Sun Life to employ more women insurance advisors

    On 7th April 2017, Birla Sun Life Insurance launched the Swabhimaan campaign in Lucknow. The initiative would allow homemakers to become self-dependent by becoming insurance advisors of the company. As per the company, it is the caring and protective nature of women that makes them successful advisors. The company also highlighted that women advisors bring in more business compared to their male counterparts. Birla Sun Life Insurance plans to employ more than 10,000 women advisors by the end of 2017. In Uttar Pradesh, the company will focus primarily on cities like Lucknow, Kanpur, Allahabad, Agra, Bareilly, Meerut, etc.

    13 April 2017

  • Aditya Birla Nuvo’s third quarter net profit rises 7.98 percent

    Aditya Birla Nuvo has reported an increase in its net profit at Rs.397.53 crore for the third quarter. Last year they posted a consolidated net profit of Rs.368.14 crore in the same quarter. The net sales came down by 17.41 percent from last year. The life insurance revenue was Rs.1,189.55 crore. Telecom revenue was Rs.2,093.94 crore. Textile business revenue was Rs.333.06 crore. Agri business revenue was Rs.689.34 crore. The company also said that it is planning on investing Rs.150 crore towards the capital expenditure for its divisions.

    12 February 2016

  • AB Nuvo to sell stake worth Rs 1,664 crore in insurance JV

    Aditya Birla Nuvo on Tuesday said 23% stake worth Rs 1,664 crore will be sold in Birla Sun Life Insurance to substantially reduce its net debt as well as enhance the balance sheet to support their growth plans.

    Canada's Sun Life Financial has proposed to increase its stake in the insurance joint venture Birla Sun Life Insurance (BLSI) to 49% from 26% with an investment of Rs 1,664 crore.

    BLSI is majorly owned by Aditya Birla Nuvo Ltd (ABNL) and after the deal, it would stably hold the controlling stake in their joint venture at 51%.

    ABNL mentioned in a filing that they made to the stock markets,"Proceeds from the stake sale in BSLI will reduce the net debt of ABNL substantially. Coupled with the free cash flow generation from divisions, the standalone balance sheet of ABNL will stand strengthened to support its growth plans," ABNL said in a filing made to the stock exchanges.

    The deal, is expected to be completed by the end of 2015-16 fiscal year, subject to regulatory approvals.

    9 December 2015

  • Sun Life Financial to invest more in Birla Sun Life Insurance (BSLI)

    Sun Life Financial - one of the leading financial companies in Canada has decided to invest Rs. 1,664 crore in Birla Sun Life Insurance (BSLI). This move is taken to raise its stake from its previous 26% to 49%. Simultaneously, Aditya Birla Nuvo Limited has signed a contract with Sun Life Financial to sell nearly 437 million equity shares which constitutes 23 % of the paid-up equity share of Birla Sun Life Insurance. It is estimated that the 23% stake sale will raise ABNL Rs. 1,664 crore for ABNL and benefit Birla Sun Life Insurance as well. After the completion of this contract, Sun Life Financial’ stake in BSLI will go up to 49%. Birla Sun Life Insurance is one of the leading private life insurance companies in India providing various life insurance schemes with a current market share of 7.9% for the year ended in September, 2015.

    3 November 2015

  • Sun Life to raise its stake in Birla Sun Life

    Canadian insurer Sun Life Financial Inc. is planning to raise its stake in its joint venture in India, Birla Sun Life Insurance. Asia contributed about 13 percent to Sun Life’s earnings in the second quarter.

    Since the RBI has increased the proportion of foreign investment, insurance companies are creating an opening for Sun Life to expand its presence. Chief Executive, Dean Connor said that Sun Life wants to increase its stake in Birla Sun Life to 49 percent from the current 26 percent. Conner believes that the Asian business will be larger than their Canadian business.

    Sun Life also owns 49 percent of Birla Sun Life Asset Management, it is the fourth largest mutual fund company in India. Sun Life shares went up to 4.9 percent on 6th August after the company reported a quarterly profit.

    11 August 2015

  • Canada’s Sun Life set to up stakes in life insurance venture with Birla

    Birla Sun Life Insurance Co. is set to see a change in its shareholding pattern with it’s foreign partner, Canada’s Sun Life, ready to enhance its holding in the company.

    The recently amended Insurance Bill provides for higher FDI in insurance companies. Foreign players can now hold up to 49% of a life insurance company’s overall stake. Sun Life hopes to raise its stake up to the maximum limit allowed under the new law. While Sun Life currently holds 26%, which was the maximum allowed under the old law, Aditya Birla Nuvo Ltd. holds the remaining 74%.

    Birla Sun Life, which has been in operations for over 15 years now, has Rs.30,000 crores as Assets Under Management (AUM). The Indian insurance industry is poised for growth with government-provided impetus and capital inflow from Sun Life will help the life insurance joint venture to capitalize on this.

    7 May 2015

  • IBM & Birla Sun Life Insurance Sign 9 Year IT Outsourcing Deal

    IBM and Birla Sun Life Insurance have signed a 9 year IT outsourcing deal which aims to take advantage of IBM’s cloud and mobility solutions to reduce costs, improve profitability and also increase revenue. The aim is to make BSLI work more in favour of customers and employees, to which end they will rely on IBM’s services in business consulting and application development and maintenance.

    Mayank Bathwal, Dy. CEO of BSLI called the deal a winning partnership and said that Birla Sun Life Insurance will be able to benefit a lot from this deal and that this deal will help them keep up with and stay ahead in the insurance industry. Vanitha Narayanan, MD of IBM India, said that they were committed to helping transform the Banking Financial Services and Insurance industry in India and that this deal was one step in that direction. She also said that IBM will employ all of its global and local expertise to help BSLI expand.

    6 February 2015

  • Insurance Regulatory and Development Authority Proposes New Rules to Safeguard Customers Buying Insurance

    It is well known that some insurance agents will try to sell you policies that earn them the maximum commissioned and not ones which suit your needs. In light of this the Insurance Regulatory and Development Authority (IRDA) has proposed a new set of rules and guidelines that will promote more transparency and protect the interests of the customer during the sale of insurance products.

    According to the new guidelines insurance agents will be required to disclose commision details should the customer ask for them and also tell customers the details of the premiums and any other policy related information that is asked for. They will also have to tell customers of similar products from other companies they represent and suggest the policy that is best for the customer.

    These guidelines also make the insurers responsible for any mis-sales by their agents and may attract penalties of up to Rs. 1 crore if violations are discovered. The companies will also have to take responsibility of the agents and resolve conflicts without having to turn to and arbitrator for a solutions. They also suggest stricter hiring norms and background checks with the creation of a centralised list of agents who have been black-listed.

    3 February 2015

  • Focus on BFSI and Pharma Sector says Birla Sun Life’s Sashi Krishnan

    Birla Sun Life’s CIO, Sashi Krishnan, speaking on investment opportunities in the stock market, described opportunities for returns from two major sectors viz. the BFSI and Pharma spaces. He talks about how the life insurance company’s own investment portfolio reflects the positive sentiments felt towards these sectors by featuring stocks of large banks and a few strong non-banking entities.

    Reasons for a positive outlook on these sectors include falling interest rates, expected credit growth and improved asset quality in the banking sector and opportunities for large Indian companies in relation to US generics in the pharma sector. Additionally, he pointed out that deregulation in the oil marketing sector will bring in benefits over the next year.

    These are the main sectors in which Birla Sun Life will be making incremental investments in the coming quarters.

    28 January 2015

  • Life Insurers jostle over partnership with DCB

    The current contract of the DCB bank with private life insurance player Birla Sun life Insurance is coming to an end. This has paved way for other insurance companies to queue up for a possible partnership with the bank.

    Birla Sun Life Insurance has been a bancassurance partner of DCB since the year 2003. A ban assurance partnership helps insurance companies utilize the bank network in sensitizing people about their products and selling them. Since the RBI guidelines of letting banks act as insurance brokers, DCB is being approached by private insurance companies like Reliance, HDFC and MAX to act as their distribution partner.

    According to DCB bank, the contract of the bank with Birla Sun Life insurance is coming to an end and as such the bank will now have a fresh look at all prospective partners and their associated pros and cons before deciding on one.

    27 January 2015

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GST of 18% is applicable on life insurance effective from the 1st of July, 2017

Birla Sun Life Insurance Reviews

Page 1 of 17 1 2 3 4 5
  • Birla Sun Life Insurance
    "Good returns in Birla sun life. "
    0.5 5.0/5 "Blown Away!"
    Birla sun life is the good. I have taken the endowment plan with Birla sun life. 4 years before, i have purchased this policy. For the good returns in a short time, i have chosen this company. They have very good credibility in the market among all the private companies. Total tenure period of the policy is 10 years. There is a lock in period of 3 years and its already over.
    Was this review helpful? 0
    , new delhi
    Reviewed on Dec 02, 2018
  • Birla Sun Life Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I have a life insurance policy with Birla Sun Life from last 10-12 years and it is a long term policy. I pay a premium of Rs 6000 once in 6 months and i am convenient with the payment options. The tenure period for this insurance policy is 20 years.
    Was this review helpful? 1
    , mumbai
    Reviewed on Sep 14, 2018
  • Birla Sun Life Insurance
    "Best Policy"
    0.5 5.0/5 "Blown Away!"
    I have taken life insurance from the BIRLA LIFE INSURANCE life as it has good returns i make the payment through online banking annually . This policy covers accidental and critical illness benefits with the tenure period of 20 years . Overall am satisfied with my policy .
    Was this review helpful? 0
    , mumbai
    Reviewed on Aug 22, 2018
  • Birla Sun Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I had taken this insurance policy almost an year back. It had been a cheaper and better premium and i had been making the payments of the premium online and it had been easy. Their customer support also had been good where they had been helpful at times. There has not been any hassles faced so far.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jul 30, 2018
  • Birla Sun Life Insurance
    "Best policy"
    0.5 4.5/5 "Excellent!"
    I had taken a Life insurance from Birla sun life insurance . It has good benefits with accidental coverage and critical illness coverage with normal premium amount . The policy coverage is 60 years with tenure period of 20 years . I pay the payment annually through on-line banking through NEFT.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jun 19, 2018
  • Birla Sun Life Insurance
    "Good Service"
    0.5 4.0/5 "Great!"
    I've a Life insurance policy with the Birla Sunlife, I never faced any issues with their services. The premium is auto debited from my account via ECS and overall it is a good policy to have. I'll have to wait and see whether they adhere to their promises in future.
    Was this review helpful? 0
    , bangalore
    Reviewed on May 21, 2018
  • Birla Sun Life Insurance
    "Good Service"
    0.5 4.0/5 "Great!"
    I've two life insurance polcies with the Birla Sun Life. I make a payment of 10200 per month, the premium gets auto debited from the account via ECS which is more convenient for me. Their customer support is also good.
    Was this review helpful? 0
    , bangalore
    Reviewed on May 21, 2018
  • Birla Sun Life Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I am having a life insurance policy with Birla Sun life from last 3 years and it is a long term plus money back policy. The tenure of this life insurance policy is 30 years and the money back gets accumulated in the account. I pay my premium once in a year and i am convenient with the payment options. I am also happy with the coverage and returns of this policy.
    Was this review helpful? 0
    , bangalore
    Reviewed on Mar 13, 2018
  • Birla Sun Life Insurance
    "good policy"
    0.5 5.0/5 "Blown Away!"
    I had applied and got a Life insurance policy from Aditya Birla Group companies "BIRLA SUN LIFE INSURANCE". I can prefer on line payments type to renew my life insurance policy with in due time. The customer service is good and well responsive. The premium amount is affordable by comparing to other premiums.
    Was this review helpful? 0
    , kolkata
    Reviewed on Feb 28, 2018
  • Birla Sun Life Insurance
    "Good policy to use"
    0.5 5.0/5 "Blown Away!"
    I am having a life insurance policy with Birla Sun life from last 13 years and it is a long term policy. The tenure of this life insurance policy is 30 years. I pay my premium on annual basis through ECS and i am convenient with the payment options which they are giving. I am happy with the coverage and benefits of this policy.
    Was this review helpful? 0
    , panipat
    Reviewed on Feb 12, 2018
  • Birla Sun Life Insurance
    "Good policy to use"
    0.5 4.0/5 "Great!"
    I am having a life insurance policy with Birla Sun Life insurance from last 5-7 years and it is a good insurance policy to use. This is a long term policy and the tenure of this policy is 15 years. My premium amount gets auto deducted every month through ECS. The coverage is good and the benefits of this policy is up to the mark.
    Was this review helpful? 0
    , navi mumbai
    Reviewed on Feb 01, 2018
  • Birla Sun Life Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I have taken 3 policies with Birla. I am using this service for 3 years. They offering good benefits and it was more stable. The online services are good and convenient. Those 3 policies are money back and the tenure period is 21 years. I pay the premium through net banking which was easy.
    Was this review helpful? 0
    , thane
    Reviewed on Jan 25, 2018
  • Birla Sun Life Insurance
    "Good policy to use"
    0.5 5.0/5 "Blown Away!"
    I have a life insurance policy with Aditya Birla from last 5 years and it is a very good policy to use. The validity of this life insurance policy is lifetime. I pay a premium of Rs 12000 on annual basis and i am convenient with the payment options. The coverage and benefits are also good in this policy.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 12, 2018
  • Birla Sun Life Insurance
    "Average policy to use"
    0.5 3.0/5 "Satisfactory"
    I have a life insurance policy with Birla sun life from last 4 years and it is a long term policy. The tenure of this life insurance policy is 21 years and i pay my premium once in 3 months through online and the payment options are convenient for me. I have a coverage amount of Rs 6.5 lakhs and the returns are not good in this policy.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Dec 12, 2017
  • Birla Sun Life Insurance
    "Good policy"
    0.5 4.0/5 "Great!"
    The Birla Sun life has offered me the Life insurance policy and their customer support is not up to the mark. The customer support will not even give any response and they are very rude to the customers and I got the endowment plan with the Birla sun life around 4months ago, I pay the premium of Rs,7500 every 3 months once.
    Was this review helpful? 0
    , new delhi
    Reviewed on Dec 11, 2017
  • Birla Sun Life Insurance
    "Good "
    0.5 4.0/5 "Great!"
    I am having the life insurance policy with the Birla sun life insurance company. I would like to say that the customer service is good one for me and the plan benefits are really fine . I am happy with the Birla sun life insurance company.......
    Was this review helpful? 0
    , bangalore
    Reviewed on Dec 11, 2017
  • Birla Sun Life Insurance
    "Good return"
    0.5 4.0/5 "Great!"
    I have taken a Child Plan with Aditya Birla. The maturity period of the Insurance is 15 years. I have been making the payment Half Yearly basis. Their Customer service is handled by a third party vendor, who are doing absolutely good job. The overall experience with them has been good.
    Was this review helpful? 0
    , new delhi
    Reviewed on Dec 01, 2017
  • Birla Sun Life Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    My life Insurance was with BIRLA . The tenure period was 14 years and premium paid on yearly basis. They are providing door step service for collecting cheques and Its a tax benefit. MY Overall experience was excellent and I would like to recommend to others.
    Was this review helpful? 0
    , bangalore
    Reviewed on Nov 15, 2017
  • Birla Sun Life Insurance
    "Best policy to use"
    0.5 5.0/5 "Blown Away!"
    I hold a life insurance policy with Aditya birla and it is a long term policy. The tenure of this life insurance policy is 20 years. I pay my premium on annual basis through credit card and i am also convenient with the payment options which they are providing. Their online system is also good, i am also fine with the coverage and benefits in this policy.
    Was this review helpful? 0
    , ludhiana
    Reviewed on Nov 11, 2017
  • Birla Sun Life Insurance
    "Good service"
    0.5 5.0/5 "Blown Away!"
    I am using the Life Insurance policy with Birla sun life and it is a pension plan policy. This policy has the term of 58 years. I pay the premium of Rs,1000 every month. I pay the premium through my savings account, It is getting auto deducted from my savings account. The plan benefits and the policy coverage is good with this policy.
    Was this review helpful? 0
    , noida
    Reviewed on Nov 10, 2017
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