Birla Sun Life Term Insurance

Birla Sun Life Term Plans offers various attractive features and benefits to provide financial security for your family, protect your family against liabilities and so forth. Birla Sun Life offers four term insurance plans, namely Future Guard, Easy Protect, Protectplus and Protect@ease.

Types of Birla Sun Life Term Insurance Plans:

There are four types of Birla Sun Life Term Plans as listed below:

  1. BSLI Future Guard Plan
  2. BSLI Easy Protect Plan
  3. BSLI Protect@ease plan

BSLI Protector Plus Plan

Feature

Description

Entry Age

Minimum: 18 years

Maximum: 65 years

Policy Term

Minimum: 5 years

Maximum:30 years

Sum Assured

Minimum: 30 lakh

Maximum: No limit

Premium

Minimum: Rs.3024

Maximum: No limit

Premium Payment Mode

Yearly, half-yearly, quarterly, monthly

Death Benefit

Higher of Sum Assured (on the date of death) or 105% of premiums paid till death or 10 times the annual premium is payable. Death benefit is paid either in instalments or in a lump sum. In the instalment mode, the nominee is paid 20% of Sum Assured after death of the insured. The remaining benefit is paid over 10, 15 or 20 years to the nominee at 11%, 8.37% and 7.12% (of Sum Assured) respectively

BSLI Future Guard Plan

It is term plan that offers return of premium on maturity.

Feature

Description

Entry Age

Minimum: 18 years

Maximum: 65 years

Policy Term

Minimum: 10 years

Maximum:30 years

Sum Assured

Minimum: Rs.5 lakh

Maximum: No limit

Premium

Variant A: 100% of premiums paid are returned upon maturity

Variant B: 110% to 150% of premiums paid are returned

Premium Payment Mode

Yearly, half-yearly, quarterly, monthly

Death Benefit

Upon death of the insured, 10*annual premium, higher of Sum Assured or 105% of premiums paid is payable

BSLI Easy Protect Plan

It is term plan that offers return of premium on maturity.

Feature

Description

Entry Age

Minimum: 18 years

Maximum: 55 years

Policy Term

Minimum: 5 years

Maximum:30 years

Sum Assured

Minimum: Rs.50 lakh

Maximum: No limit

Premium term

Equal to policy term

Premium Payment Mode

Yearly, monthly

Death Benefit

Upon death of policyholder, nominee receives the Sum Assured

BSLI Protect@ease Plan

It is term plan that offers return of premium on maturity.

Feature

Description

Entry Age

Minimum: 18 years

Maximum: 55 years

Policy Term

Minimum: 5 years

Maximum:30 years

Sum Assured

Minimum: Rs.50 lakh

Maximum: Rs.500 crores

Premium term

Equal to policy term

Premium Payment Mode

Yearly, monthly

Death Benefit

Upon death of the insured, 10*annual premium, higher of Sum Assured or 105% of premiums paid is payable

Features & Benefits of Birla Sun Life Term Plan:

  • Five riders availed under the Protector Plus are BSLI Accidental Death & Disability Rider, BSLI Critical Illness Rider, BSLI Hospital Care Rider, BSLI Surgical Care Rider and BSLI Waiver of Premium Rider
  • Under Protect PLus, there are two coverage options - level sum assured and Increasing Sum Assured (sum assured increases every year @ 5% or 10%)
  • Customers can avail of income tax benefits under Section 80C (premiums) and Section 10(10D) (claims) of the Income Tax Act, 1961

Example of Birla Sun Life Term Plan:

Ram Karan, 30 (non-smoker) opts for Birla Sun Life term life for a policy term of 30 years. Ram opts for a sum assured of Rs.2 crores for which he pays an annual premium of Rs.17,919 (inclusive of service tax at 14% and Swachh Bharat at 0.5%). In the event of his unfortunate death, his nominee will receive Rs.2 crores. Premium will be terminated after his death.

Birla Sun Life Term Plans FAQs:

  1. Q. What are the various types of Birla Sun Life Term Plans?

    A. The four types of term plans are Protector Plus Plan, BSLI Future Guard Plan, BSLI Easy Protect Plan and BSLI Protect@ease plan.

  2. Q. What is the death benefit as per BSLI Protect@ease plan?

    A. Upon death of the insured, 10*annual premium, higher of Sum Assured or 105% of premiums paid is payable.

  3. Q. What is the minimum sum assured for BSLI Easy Protect Plan?

    A. The minimum sum assured under the BSLI Easy Protect Plan is Rs.50 lakh.

  4. Q. Under which plan are women given rebates on premiums?

    A. Women can avail of lower premium rates under BSLI Easy Protect plans.

  5. Q. What are the coverage options available under BSLI Protect @ Ease Plan?

    A. BSLI Protect @ Ease Plan offers two coverage options. Customers can avail of the Level Sum Assured option wherein Sum Assured does not change throughout the tenure of the plan and Increasing Sum Assured wherein Sum Assured increases at 5% every year or 10%.

  6. Q. What are the riders available under the BSLI Future Guard Plan?

    A. BSLI Future Guard Plan offers five riders, namely BSLI Accidental Death & Disability Rider, BSLI Surgical Care Rider, BSLI Critical Illness Rider, BSLI Waiver of Premium Rider and BSLI Hospital Care Rider.

  7. Q. What are the variants available under BSLI Future Guard Plan?

    A. This plan offers two variants. As per variant A, 100% premiums are returned upon maturity while as per variant B, 110% to 150% of premiums paid are returned based on the term of the plan.

  8. Q. What is the premium payment mode for BSLI Protect@ease plan?

    A. Yearly and monthly.

  9. Q.What is the minimum sum assured under the BSLI Future Guard plan?

    A. Rs.5 lakh.

  10. Q. What is the maximum sum assured under the BSLI Protect@ease plan?

    A. Rs.500Crores

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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 Term Plan Reviews

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  • Birla Sun Life Insurance
    "Its good for family protection"
    0.5 4.0/5 "Great!"
    I have term plan with Birla sun life, I pay the premium of Rs. 35,000 per annum it has the term of 65 years. In any certain demise the nominee get the sum assured Rs. 1 crore on lump sum basis but there is no critical illness or disability waiver cover.
    Was this review helpful? 0
    , bangalore
    Reviewed on Apr 26, 2019
  • Birla Sun Life Insurance
    "Customer service required more improvement"
    0.5 4.0/5 "Great!"
    It is like a pension scheme for the senior citizen . On yearly basis, I need to pay an amount of 65,000 rupees for next 10 years . So that, Monthly I will get an amount of 10-12K. Now days BIRLA SUN LIFE customer service is not up to the expectation because of some customer executive.
    Was this review helpful? 0
    , secunderabad
    Reviewed on Apr 04, 2019
  • Birla Sun Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I am holding the ENDOWMENT policy with the BIRLA SUN LIFE INSURANCE they have provided the maturity period is for 15 years also they give the good sum assured amount with this policy. There is no rate of interest charges when doing the late payment.
    Was this review helpful? 0
    , mumbai
    Reviewed on Feb 23, 2019
  • Birla Sun Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have applied my life insurance with birla life, there agent was good, they have explained me clearly about the policy benefit, and there coverage, and the premium amount they have charged me was nominal, it was on yearly basis , and i use to pay premium through on line.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 23, 2019
  • Birla Sun Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have been using my life insurance with Aditya birla , there service is they provide me was excellent, till now i have not face any issue in that, there premium amount they have charged me in monthly basis,they have charged me up to 6200, and it is nominal to me , the agent had explain me about the policy coverage and plan benefit properly,i use to pay on on line mode. overall service is good.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 22, 2019
  • Birla Sun Life Insurance
    "Good service"
    0.5 5.0/5 "Blown Away!"
    I have purchased the loan from Birla sun life loan by today. I have bought the loan amount of Rs. 2 lakhs. They have offered me a interest rate of 24% and I'm okay with it. They have charged me a processing of Rs. 11222 including the insurance. Total tenure period of the loan is 36 months. I have received the loan easily and i got through online
    Was this review helpful? 0
    , new delhi
    Reviewed on Dec 19, 2018
  • 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
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