• BSLI Guaranteed Future Plan

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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    Birla Sun Life Insurance Guaranteed Future Plan is an insurance scheme that ensures that you make guaranteed savings throughout your life for all future events like child's marriage, education etc. Not just this, the plan also offers insurance protection against your sudden, unfortunate demise. This plan will help you save for all the important milestones of your life while keeping your family covered against any unfortunate crisis.

    Birla Sun Life Insurance is a joint venture between Aditya Birla group of India and Sun Life Financial which is a leading insurance giant from Canada.

    Eligibility Criteria for BSLI Guaranteed Future Plan:

    Age at entry

    18 to 50 years of age

    Nationality

    Indian

    Key Features of BSLI Guaranteed Future Plan

    Plan type

    Participating unit-linked endowment plan.

    Plan basis

    Individual

    Premium paying terms

    Regular Pay

    Policy term

    8 to 20 years subject to maximum age on maturity which is 70 years

    Premium payment Mode

    Monthly, quarterly, half-yearly and yearly



    Grace period

    30 days from the expected date of payment of premium

    Free Look Period

    15 days from the date of availing the policy

    Policy revival

    Birla Sun Life Guaranteed Future Plan can be revived with full benefits, within 2 years from the date of the first unpaid premium.

    Nomination

    Nomination facility is available under section 39 of the Insurance Act, 1938

    Sum Assured

    10 times the Annual Premium

    Policy coverage

    Death benefits and maturity benefits.

    Death Benefits: In case of death of policyholder, two options A and B are there which the policyholder needs to choose at the time of availing the policy.

    Option A: Guaranteed death benefit plus no premium payment required to be paid in future plus guaranteed maturity benefit at the time of maturity

    Option B: Guaranteed death benefit plus no premium payment required to be paid in future plus guaranteed maturity benefit at the time of maturity plus guaranteed income till policy anniversary before the end of policy term

    Guaranteed Maturity Benefits: Guaranteed maturity benefit is the sum assured paid out in case the policyholder survives the policy period. This maturity benefit depends upon the chosen death benefit option, premium paying frequency, amount of premium and the gender of the policyholder. The guaranteed maturity benefit is paid on the date of maturity of policy.

    Premium alteration

    Alteration in frequency of premium payment is allowed for policyholders

    Add-on Covers available

    Add-on covers are available with the BSLI Guaranteed Future Plan in order to enhance protection and coverage and include cases such as accidental death and disability

    Benefits/Advantages of BSLI Guaranteed Future Plan

    • Tax benefits: Policyholders get to avail tax benefits under section 80C of the Income Tax Act for all premiums paid for this insurance policy.
    • Policy loan: Loans cannot be availed against the BSLI Guaranteed Future Plan
    • Reduced Paid-up benefit: After the policy reaches surrender value (after 3 full years of continuous premium payment), if the subsequent premiums are not paid by the policyholder within the grace period then the policy gets converted to a reduced paid-up policy by default along with a reduced paid-up sum assured on maturity.

    How Does the BSLI Guaranteed Future Plan Work

    BSLI Guaranteed Future Plan offers maturity as well as death benefits. As mentioned in the table above, death maturity clause has two offerings out of which one has to be chosen at the time of availing the policy. Depending upon option A and B, here is a table that sums up the maturity benefit rolled out as a percentage of total premiums payable.

    Below is depicted a sample table for a working male aged 35 years with a policy term of 15 years and all possible premium frequencies.

    Premium Band Band 1 Band 2 Band 3

                           
     

    Annual

    Half-yearly

    Quarterly

    Annual

    Half-yearly

    Quarterly

    Annual

    Half-yearly

    Quarterly

     

    Option A

    121.95%

    120.18%

    118.40%

    130.40%

    128.50%

    126.60%

    134.62%

    132.66%

    130.70%

     

    Option B

    116.91%

    115.20%

    113.50%

    126.59%

    124.74%

    122.90%

    131.33%

    129.44%

    127.50%

     

    The above depicted table is purely indicative. Actual returns and sum assured will vary depending upon the premium amount, the policy term and the premium payment term chosen by the policyholder.

    Riders/Add-on Covers Available for BSLI Guaranteed Future Plan

    Following are the riders that can be availed with the BSLI Guaranteed Future Plan in order to enhance protection and maximize gain.

    • BSLI Accidental Death and Disability Rider
    • BSLI Critical Illness Rider
    • BSLI Surgical Care Rider
    • BSLI Hospital Care Rider

    This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

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

    BSLI Guaranteed Future Plan Reviews

  • Page 1 of 17 1 2 3 4 5
    • 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
    • Birla Sun Life Insurance
      "Firm believer in Life insurance"
      0.5 3.0/5 "Satisfactory"
      I am firm believer of the Life Insurance, accordingly I have couple of them maintained. This is one of the Insurance that I am so confident about. I pay around Rs.17000 as the yearly installment and would be paying for about 10 years. The overall experience with them has great. They provide you with good amount details required for somebody to know.
      Was this review helpful? 0
      , motihari
      Reviewed on Nov 07, 2017
    • Birla Sun Life Insurance
      "Average"
      0.5 3.0/5 "Satisfactory"
      I am having the life insurance policy with the Aditya Birla life insurance company and I been with them from the last ten years of time. Initially the services were really good but now its not really up to the mark with them.
      Was this review helpful? 0
      , kanchipuram
      Reviewed on Nov 04, 2017
    • Birla Sun Life Insurance
      "Good Policy to hold"
      0.5 4.5/5 "Excellent!"
      I have a Life Insurance policy with BIRLA SUN LIFE INSURANCE. This life insurance is paid by my company which is also BIRLA SUN LIFE INSURANCE. It covers only me and this will be given to my nominee and the total life coverage amount is 50 lakhs rupees.
      Was this review helpful? 0
      , guntur
      Reviewed on Oct 31, 2017
    • Birla Sun Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I got Birla sun life insurance policy on 2013. The customer support is good with Birla sun life. This policy has the tenure of 10 years. The plan benefits and the coverage are good with this policy. I pay the premium of Rs,30,000 every year towards this policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 30, 2017
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