Broadly insurance can be classified in two categories:
First - Life Insurance which matures in event of death of the insured/policyholder. On occurrence of such an event the insurance company pays a sum of money assured to the nominee/beneficiary (person nominated by the policyholder). Life Insurances are of two types:
Traditional Plans - which contain Endowment Plan , Cash Back Plan, Term Plan , (Term Life Insurance) and Whole life policy. And Unit-linked Insurance Plans - are of 4 types - Endowment cum Ulips, Children Plan , Retirement Plan or Pension plan and investment/saving plans.
Second - General insurance. All insurance policies other than life insurance policies come under general insurance segmentation. (Also known as non-life insurance policies). These policies include Home Insurance, Auto Insurance, Travel Insurance, Marine Insurance, Theft Insurance, Office insurance and Health insurance
Health insurance is most acquired policy in general insurance segment. Health insurances are of 3 types - Comprehensive Plan - which include Mediclaim and Fixed benefits plan, Accidental Insurance and Critical Care plan .
| Following are the Life Insurance plans offered by Birla Sun life Insurance Company Ltd.|
Protection Solution –
1. Birla Sun Life Insurance Premium Back Term Plan : This is a low cost life cover promises you to refund the entire premium on maturity or death. Two options are also there to choose 100% premium back or 125% premium back. Maximum term period for this plan is 20 years
Child Insurance Plan
2. Birla Sun Life Insurance Children's Dream Plan : It’s a unit-linked policy, which provides you guaranteed returns, 0% allocation charges, and option to double or triple the guaranteed maturity.
3. Birla Sun Life Insurance Classic Child Plan : It is a plan that secures your child’s future, and gives you the freedom to direct your savings to our range of 10 Investment Funds.
Wealth with Protection Solutions
2. BSLI Rainbow :An insurance plan that gives you a guaranteed return on maturity that is tax free and the financial security of a life cover.
3. Birla Sun Life Insurance Platinum Advantage Plan : This Plan gives you the advantage to choose from 2 Investment Options – Guaranteed Option and Self-Managed Option. With the Guaranteed Option your investments in the Platinum Advantage Fund are safeguarded from any downsides in the capital markets.
4. Birla Sun Life Insurance Dream Endowment Plan : A plan that gives you a Guaranteed Savings Amount on the date of your choice along with a range of options to provide for your family's future financial protection.
5. Birla Sun Life Insurance Money Back Plus Plan : This is also a non-participating endowment plan, which gives you maturity and survival both benefits. One remarkable point is that on every policy anniversary it increases your cover by an equal amount of your base premium.
6. Birla Sun Life Insurance Guaranteed Bachat Plan : It’s an non participating endowment plan offers you guaranteed returns and chance to earn survival benefit from the 3rd year onwards. You can withdraw this benefit each tear or can use it as to pay the premium dues.
7. Birla Sun Life Insurance Bachat Endowment Plan : Its provide for your child’s education, to buy a house or other needs in the future.
8. Birla Sun Life Insurance Bachat Money back Plan :This insurance plan secures your family’s future by not just growing your regular savings, but by providing you money at regular intervals as well. You also get the security of a life cover through the tenure of the policy.
9. Birla Sun Life Insurance Classic Endowment Plan : Its plan that lets you channel your savings to our range of ten investment funds, to suit your investment needs, and also provides financial protection for your family.
10. BSLI Foresight Plan: its Guaranteed Option, allows you to optimize your participation in capital markets while safeguarding your investment and any gains thereon.
11. BSLI Vision : Whole Life Cover + Survival Benefit + Death Benefit + Maturity Benefit
12. BSLI Wealth Max Plan : non-participating unit-linked life insurance plan +Death Benefits + Maturity benefits + guaranteed additions.
13. BSLI Guaranteed Wealth Plan: Offers a Guaranteed Survival Benefit at the end of the premium paying term and a Guaranteed Maturity Benefit plus Life Cover throughout the policy term.
14. BSLI Wealth Assured Plan: A non-participating unit-linked life insurance plan + protection and savings plan + Riders + Death Benefit +Maturity Benefit + Surrender Benefit + Tax Benefits.
15. BSLI Vision Life Income Plan: A traditional participating whole life plan that helps you to not only plan your financial goals but also realize your dreams by providing you with a steady income and whole life cover.
Latest Updates - 25 May 2013
Registered Office : Birla Sun Life Insurance Company Limited.
One Indiabulls centre Tower-1,
15th & 16th Floor Jupiter Mill Compound,
841, Senapati Bapat Marg ,