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Birla Sun Life Insurance Premium Back Term Plan

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Eligibility
Entry Age (years) 
Minimum18
Maximum55
Maximum Maturity Age (years)70
Policy Term (years) 
Minimum100% Premium Back: 10, 15, 20 years
125% Premium Back: 15, 20 years
Sum Assured (Rs) 
Minimum200000
MaximumNo limit
Premium Payment FrequencyYearly, Half-Yearly, Quarterly, Monthly
Premium Payment TermEqual to Policy term
Policy CoverCover remains same throughout the policy term
Other Features 
Free Look CancellationIn case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered.
Grace PeriodYou are allowed to pay premiums within 30 days from the due date. If a due premium is not received within the grace period, your policy will lapse and the life insurance cover will be terminated.
Lapsed Policy ReinstatementYou can reinstate your lapsed policy within specific time period(as mentioned in policy document) from the due date of the first unpaid premium by paying all the due premiums with interest and undergoing underwriting requirements, if any.
Tax BenefitsSection 80C, 10(10D) of the Income Tax Act, 1961 would apply.
ExclusionsIn case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable.
Maturity ValueTwo options: 100% premium back and 125% premium back.
Customer ServiceRegistered office:
Birla Sun Life Insurance
One Indiabulls Center, Tower I,
15th & 16th Floor, Jupiter Mill Compound,
841, S.B. Marg, Elphinstone Road, Mumbai 400013
Write to us at :
Birla Sun Life Insurance
5th & 6th Floor, G-corp Tech park,
Ghodbunder Road, Near Kasar Wadavali police station,
Thane ( W ) 400601
Customer Service 
AddressRegistered office:
Birla Sun Life Insurance
One Indiabulls Center, Tower I,
15th & 16th Floor, Jupiter Mill Compound,
841, S.B. Marg, Elphinstone Road, Mumbai 400013
Write to us at :
Birla Sun Life Insurance
5th & 6th Floor, G-corp Tech park,
Ghodbunder Road, Near Kasar Wadavali police station,
Thane ( W ) 400601
Mail To[email protected]
Call On1-800-270-7000; + 91 22 43569000 Between 9 am to 9 pm, Monday to Saturday
SMSBSLI' to 56161
Available Rider(s)BSLI Accidental Death and Disability Benefit Rider: covers death due to an accident, Permanent disability caused due to an accident.
Critical Illness Benefit Rider: It covers 4 critical illnesses namely; Heart Attack, Cancer, Stroke and Major Organ Transplant. A survival period of 30 days is applicable to claim the benefit.
BSLI Waiver of premium Rider: It is applicable on all future premiums of the base plan and riders for the rest of the policy term or till the proposer (in case of child plans) attains the age of 70 years or on termination of the policy, whichever occurs earlier. This rider becomes active in the following cases; Disabled due to an illness or accident, Diagnosed with any of the four specified critical illnesses, Death of the proposer in case of child insurance plans.
Rider Conditions 
Entry Age (years) 
Minimum18
Maximum65
Maximum Maturity Age (years)70
Rider Term (years) 
MinimumSame a base policy term or attainment of 70 years of age whichever is earlier.
Sum Assured (Rs) 
MinimumBSLI Accidental Death and Disability Rider, BSLI Critical Illness Rider: 75000
MaximumBSLI Accidental Death and Disability Rider, BSLI Critical Illness Rider: Rs 50 lakh; subject to maximum of 100 per cent of base plan sum assured
Cost Details not available on the company's website.

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