Birla SunLife Term Plan

The plan has been designed for people who want to avail of the benefits of life insurance at a low cost. It is a low premium, high life coverage plan which takes care of your financial commitments towards your family or dependants, should anything unfortunate happen to you. Life is full of ifs and buts. Term Plan is a Low premium pure risk cover plan which takes care of your financial commitments towards your family, should anything unfortunate happen to you. It is designed for people who want to avail of the benefits of life insurance at a low cost.

Any person from the age of 18 to 55 years is eligible for this plan. The minimum face amount is Rs 2 lakhs (Rs. 2.50 lakhs if you opt for single premium). The Birla Sun Life Term Plan offers you the flexibility to choose from various unique features

-Duration of the plan - You can choose the duration of the plan, depending on your financial requirements. It can be 5,10,15,20 or 25 years. (The maximum age at maturity is 70 i.e., a person aged 55 can buy a maximum benefit period of 15 years).

-Premium Paying Period - You can pay premiums throughout the duration of the plan or by a one time single premium. If you opt to pay throughout the duration of the plan, you can opt to pay premiums annually, semi-annually or quarterly.

-Premium Payment - In the event of non-payment of premiums on due dates, there is a grace period of 30 days. If the premium is not paid within the grace period, the policy will lapse and will have to be revived by the person insured.

-Free Look Period - Having selected a plan, from the date of despatch of policy document, you get an opportunity to review your decision for 14 days. If you wish to cancel your plan within this period, you get a full refund of the premium amount paid.

Unique Features

-Death Benefit - It provides the beneficiary with a level cover throughout the duration of the plan.

-Riders - Accidental Death & Dismemberment and Critical illness Riders available along with the plan. You can avail of riders even in case of single premium policy.

-Age Benefit - Maximum age for maturity is 70 years.

- Face Value Rebate - Attractive Rebate for Face Amounts equal to or greater than Rs. 7 lakhs.

Riders:

Accidental Death and Dismemberment Benefit Rider- It provides additional amount of cover in case of death due to accident or in case of loss of more than one limb or sight in one eye and partial coverage in case of loss of one limb or sight in one eye.

Critical Illness Rider- Provides for additional amount of cover in event of life insured being diagnosed as suffering from any of our specified critical illnesses.