Birla sun life’s Premium Back Term Plan

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Birla sun life’s Premium Back Term Plan is term insurance plan which is quite similar to Birla’s other term insurance plan but it offers a additional benefit of premium back at the end of the policy term. Due to premium back benefit, premium rates for this policy are a bit higher than term insurance policy of Birla Sun Life.

Optimal life insurance cover

This plan offers you optimal life insurance cover at low costs, thus ensuring your family’s financial security in case something unfortunate happens to you.

Money back at maturity

You receive the total premiums paid over the policy term at maturity.


Choice of maturity benefits

The plan offers two maturity benefits to choose from – 100% Premium Back or 125% Premium Back.


Benefit 100% Premium Back 125% Premium Back
Death Sum assured + 100% premium back paid till date Sum assured + 100% premium back paid till date
Maturity 100% premium back 125% premium back


Tax Benefits

Investments in this plan are eligible for tax benefits under Sections 80C and 10(10D) of the Income Tax Act, 1961.



Death benefit In the event of your unfortunate death, the nominee receives the Sum Assured along with the premiums paid till date.


Riders the plan offers three riders – Accidental Death and Dismemberment Rider, Critical Illness Rider and Waiver of Premium Rider.


Plan Summary

Entry Age            Minimum – 18 years

Maximum – 50 years for the 20 year term

55 years for the 10 and 15 years term plan


Minimum sum assured  Rs. 2, 00,000

Premium Paying Frequency        Annually, semi- annually, quarterly or on a monthly basis

Tax Benefits       under Section 80C and 10(10D) of the Income Tax Act, 1961


  • Accidental Death and Disability Rider: In the event of death due to an accident, your nominee will receive the chosen Rider Sum Assured up to a maximum of Rs. 50,00,000. In the event of disability due to an accident, you will receive a fixed percentage of the Rider Sum Assured, depending on the type of injury.
  • Hospital Care Rider: In the event that you are hospitalized for treatment, you will receive Daily Cash Benefit to take care of your expenses. In case you are treated in an Intensive Care Unit, you will receive an enhanced Daily Cash Benefit. To help you cover your recuperation expenses, you will be paid a lump sum amount, in case you are hospitalized for more than seven days for the same disease.
  • Surgical Care Rider: In case you are hospitalized to undergo a surgery, you will be paid a lump sum amount to cover your expenses.
  • Waiver of Premium Rider : In case life insured/policyholder is unable to pay the policy premiums due to a disability, critical illness or untimely demise, all future premiums of the base plan and the attached riders will be paid by BSLI and all policy benefits will continue.

Birla Sun life’s Protector plus plan

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  1. Hi Akhilandra
    This seems a pretty good deal in todays climate where the insurance companies are making it more and more biased towards them keeping part of your pay in. People could do a lot worse than this policy.

    great info lee

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