Entry Age (years)
Minimum
18
Maximum
55
Maximum Maturity Age (years)
70
Policy Term (years)
Minimum
100% Premium Back: 10, 15, 20 years
125% Premium Back: 15, 20 years
Sum Assured (Rs)
Minimum
200000
Maximum
No limit
Premium Payment Frequency
Yearly, Half-Yearly, Quarterly, Monthly
Premium Payment Term
Equal to Policy term
Policy Cover
Cover remains same throughout the policy term
Other Features
Free Look Cancellation
In 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 Period
You 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 Reinstatement
You 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 Benefits
Section 80C, 10(10D) of the Income Tax Act, 1961 would apply.
Exclusions
In 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 Value
Two options: 100% premium back and 125% premium back.
Customer Service
Registered 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
Address
Registered 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
Call On
1-800-270-7000; + 91 22 43569000 Between 9 am to 9 pm, Monday to Saturday
SMS
BSLI' 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)
Minimum
18
Maximum
65
Maximum Maturity Age (years)
70
Rider Term (years)
Minimum
Same a base policy term or attainment of 70 years of age whichever is earlier.
Sum Assured (Rs)
Minimum
BSLI Accidental Death and Disability Rider, BSLI Critical Illness Rider: 75000
Maximum
BSLI Accidental Death and Disability Rider, BSLI Critical Illness Rider: Rs 50 lakh; subject to maximum of 100 per cent of base plan sum assured
