Birla Sun Life Insurance Savings Plans

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

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Birla Sun Life Insurance Savings Plans Reviews

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  • Birla Sun
    "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
    Birla Sun
    "Fine plan..."
    0.5 5.0/5 "Blown Away!"
    Yearly I am paying around 24k for life insurance and endowment plan is for 20 years. After 20 years there will be lots of benefits from Birla Sun Life insurance and this plays vital role in tax savings as well. Maturity amount is very good and after two years I get some additional bonus.
    Was this review helpful? 0
    , jaipur
    Reviewed on Oct 01, 2015
  • Birla Sun
    "Its ok "
    0.5 4.0/5 "Great!"
    I have taken a Birla sun life policy . I guess its for a term of 15 years. The sum assured after 15 years would be 15 lakhs. Monthly basis I pay about 2000rs and the amount would be taken from my savings account directly through ECS. I have no issues with the payment as its made online.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 06, 2015
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