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  • Birla Sun Life Insurance Retirement Plans

     4.5 / 5.0   by 12 users
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    With pensions after retirement from employers becoming rare, planning for retirement years becomes a priority for every individual. At some point in time, you stop working and earning but what don’t stop are the expenses. You must build up substantial savings to take care of your daily expenses and the rising needs of healthcare as you age. Plus you have to take care of rising inflation lest it erodes your savings.

    Birla Sun Life Insurance Retirement Solutions let you save and build up a retirement corpus that helps you in spending your retirement years in comfort and peace. These plans usually carry a life cover and regular income options to meet your financial needs.

    Here are the various retirement plans from Birla Sun Life Insurance.

    BSLI Empower Pension Plan

    BSLI Empower Pension Plan, is a unit-linked non-participating plan for a comfortable second innings of life. Your premiums get added up into a corpus for your retirement; thus you can relax and live a worry-free life.

    Eligibility:
    • Entry age 25-70 years
    Features:
    • Flexibility to choose premium/term and vesting date
    • Returns based on your risk appetite
    • Premiums invested in equity and debt funds
    Benefits:
    • Guaranteed additions of additional units in your policy
    • On vesting the policy holder gets the higher of guaranteed vesting benefit or the fund value
    • Vesting benefit can be used to:
      • Enter into a single pay deferred pension plan
      • Commute up to 1/3rd of benefit and receive a lump sum tax free amount
      • Extend the accumulation
      • Get an annuity
    • Death benefits in case of premature death equal guaranteed death benefit or fund value as on date of intimation of death.
    • Surrender benefit can be used to:
      • Enter into a single pay deferred pension plan
      • Commute up to 1/3rd of benefit and receive a lump sum tax free amount
      • Get an annuity
    • Tax benefits as per Income Tax Act

    BSLI Immediate Annuity Plan

    BSLI Immediate Annuity Plan allows you to invest lump sum amounts or your savings corpus into an regular and guaranteed income after retirement, at your disposal when you want to have it.

    Eligibility:
    • Between 30-60 years old
    Features:
    • For rest of retired life continue to get guaranteed income
    • 5 different payout options of annuity and flexibility to choose one
    • Annuity can be paid - monthly, quarterly, semi-annually or annually
    • No medical tests needed
    Benefits:
    • Guaranteed income available post retirement
    • Annuities throughout life depending on the rate purchased
    • 5 annuity options to choose from
    • Flexibility to choose annuity amount
    • Tax benefits as per IT Act

    BSLI Empower Pension - SP Plan

    BSLI Empower Pension – SP Plan– a unit linked, non-participating single pay pension policy that lets you accumulate your corpus over a period with a single premium and on vesting makes you eligible for regular returns.

    Eligibility:
    • Between 25 to 70 years of age
    Features:
    • You can choose how much premium you pay
    • Can choose your vesting date
    • Choose your risk profile
    Benefits:
    • Guaranteed additions of additional units in your policy
    • On vesting the policy holder gets the higher of guaranteed vesting benefit or the fund value
    • Vesting benefit can be used to:
      • Enter into a single pay deferred pension plan
      • Commute up to 1/3rd of benefit and receive a lump sum tax free amount
      • Extend the accumulation
      • Get an annuity
    • Death benefits in case of premature death equal guaranteed death benefit or fund value asan date of intimation of death
    • Surrender benefit can be used to availed to
      • Enter into a single pay deferred pension plan
      • Commute up to 1/3rd of benefit and receive a lump sum tax free amount
      • Get an annuity
    • Tax benefits as per Income Tax Act

    Other Birla Sun Life Insurance Plans

    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

    Birla Sun Life Insurance Retirement Plans Reviews

  • Page 1 of 1
    • 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
      "Benefits are excellent"
      0.5 5.0/5 "Blown Away!"
      The services are good Birla Sun Life is good as I can buy the policy online. I have taken a term insurance. The best benefit is it has a less premium and life long benefits. The tenure is 35 years. I would also get a pension after which. The payments are online.
      Was this review helpful? 0
      , balangir
      Reviewed on Oct 12, 2017
    • Birla Sun Life Insurance
      "Very good service..."
      0.5 3.5/5 "Pretty good"
      They gave quality service. Their executives explained everything and the person who explained the feature and benefits of the life insurance was professional and qualified. It is a long life benefit plan and it is kind of pension plan. Accidental plan is also included. Birla Sun Life has very good plans.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Feb 08, 2016
    • Birla Sun Life Insurance
      "Good plan"
      0.5 5.0/5 "Blown Away!"
      With the Birla sun life insuracne company I have taken the life insurance policy. Its the endowment plan like based on the retirement benefits and am having it from the last four years of time. Services are good with them.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 10, 2015
    • Birla Sun Life Insurance
      "Satisfied "
      0.5 4.0/5 "Great!"
      I have invested in Birla Sun Life around 4years Back in a Pension Plan. I make payment towards the premium annually which gets directly debited from my account. After 15 years of payment I can decide the return option either monthly or a lump sum amount in one shot. I am satisfied with the investment that I have done.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 14, 2015
    • Birla Sun Life Insurance
      "Not good"
      0.5 3.0/5 "Satisfactory"
      The current benefits available in market regarding the Birla sun life Insurance is not that good.There are several other Insurance available in the market who offers best plan for the customer.I have taken a pension plan with Birla Insurance for which I pay a premium of 30000 every year.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 04, 2015
    • Birla Sun Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I have taken my life insurance with Birla Sun Life. It is a retirement plan and a life term plan. The executive was a educated guy as he was able to tell me what the market is and how I need to plan about the policy. I pay my premiums on a monthly basis. The tenure is for 30 years.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 24, 2015
    • Birla Sun Life Insurance
      "Great Work!!"
      0.5 5.0/5 "Blown Away!"
      The life insurance from Birla sun life is very good and it is for 25 years and I am getting some pension amount every year. After the maturity period I will be getting some fixed sum assured amount till the end of my life. The best part is they always send me emails and also I receive calls from them and their payments option is fantastic and if in case I am not able to make payments they send an executive from the company to collect my payments.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 24, 2015
    • Birla Sun Life Insurance
      "Good scheme!!!"
      0.5 3.0/5 "Satisfactory"
      My friend is working with Birla Sun life and he asked me to take life insurance with him so I went with it. The offered plan is BSLI and actual tenure is for ten years but the plan continues till my age of 75. This is nothing but a pension scheme. For ten years I have to pay premium and end of the ten years I get some percentage and rest of the percentage will be paid me as pension. To this plan I am paying 19thousand and dependent on this plan is my mother.
      Was this review helpful? 5
      , pune
      Reviewed on Feb 19, 2015
    • Birla Sun Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken a life cum pension plan with Birla Sun life. The best part about this plan is the coverage the more the amount more benefits we get. We pay up to our retirement age. After which we will get the pension amount after retirement and we also get interest on the accumulated amount.
      Was this review helpful? 1
      , bangalore
      Reviewed on Feb 10, 2015
    • Birla Sun Life Insurance
      "Very good!!"
      0.5 5.0/5 "Blown Away!"
      In daily basis Birla Sun life insurance is sending mails and alerts regarding new offers and new launches. Premium is getting through ECS and the value of coverage is 5lakhs for life insurance. I have chosen riding policy where my son gets benefits. Sum assured is good at the time of maturity. If the policy holder expires then the son gets benefits and without paying any premium he will get pension.
      Was this review helpful? 2
      , jamnagar
      Reviewed on Jan 23, 2015
    • Birla Sun Life Insurance
      "Good Service Overall"
      0.5 3.0/5 "Satisfactory"
      Birla Life Insurance it is good from my point of view for future its good, i took tenure for 20 years, i am using from past 1 year, its half yearly payment, its desired for retirement, interest rate is applicate, good for long term, after investing it gets some good amount, their is on line facility also available.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 12, 2014
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