Eligibility

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

Mail To

customerservice@birlasunlife.com

Call On

1-800-270-7000; + 91 22 43569000 Between 9 am to 9 pm, Monday to Saturday

SMS

BSLI' to 56161

Additions to the Plan

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