Life is full of uncertainties and hence Birla Sun Life Savings Plan is a great product offering which provides greater growth of money as well as protection in times of need. You can secure the future of your family and rest assured with this plan from Birla Sun Life.
Key Features of Birla Sun Life Insurance Savings Plan:
- Sum assured depends on the band that you choose. There are 3 bands in total and are explained here:
- Band 1 – Sum assured is between RS.30,000-49,999
- Band 2 – Sum assured is between RS.40,000-1,49,999
- Band 3 – Sum assured is between RS.1,50,000-10,00,000
- Entry Age – 18-50 years
- Policy Term – 10, 15, 20 years
- Minimum sum assured is Rs.30,000
- Maximum sum assured is Rs.10,00,000
- Premium Frequency – monthly, quarterly, half-yearly, yearly
Key Benefits of Birla Sun Life Insurance Savings Plan:
- Guaranteed additions per year till the first 5 years of policy
- Death benefit:
Guaranteed death benefit in the event of unfortunate death of the insured
- Maturity Benefit:
In the event that the insured person survives even after the policy term is over, he/she is paid the sum assured plus the guaranteed additions plus accrued bonuses if any.
- In case you stop paying premiums after first 3 years of policy term, then also the policy continues on reduced paid-up basis
- Full death benefit continues for 2 years even if you miss paying premiums after you have paid continuously for 3 years.
Other Birla Sun Life Insurance Plans
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GST of 18% is applicable on life insurance effective from the 1st of July, 2017