December 23, 2011 by akhilendra
Birla Sun life’s Protector plus plan
Birla Sun life’s Protector plus plan
Birla Sun life’s Protector plus plan is another term offering from Birla sun life insurance company.
Key Features:
Complete financial protection at an affordable cost
Hedge against the rising cost of living with an option of increasing Sum Assured
Enhanced insurance with appropriate rider options
Rewards for a healthy lifestyle
Income Tax benefits as per prevailing norms under the Income Tax Act, 1961
BSLI Protector Plus Plan offers automatic premium reduction to women.
Plan Summary
Entry Age 18 to 65 years of age
Sum Assured Option I – Level Sum Assured
II – Increasing Sum Assured
Policy Term–5 to 30 years, subject to max. age on maturity: 75 years
Premium Paying Term Regular Pay
Premium Mode Annual | Semi-annual | Quarterly | Monthly
Sum Assured Min. Rs. 50,00,000
Max. no limit (subject to underwriting guidelines)
Please ask your financial advisor or visit our website to determine the premium rate applicable for your policy.
Benefits:
Death Benefit: In case of the unfortunate demise of the life insured during the policy term, the Sum Assured as per chosen option will be paid to the nominee. The policy shall be terminated once the Death Benefit is paid.
Maturity Benefit: In the event the life insured survives to the end of the policy term, no benefit is payable on maturity and the policy shall be terminated thereafter.
This plan offer no policy loan, surrender value or paid-up value.
This plan offer the following Rider options, to enhance your financial security
Riders available with Birla Sun life’s Protector plus plan
- Critical Illness Rider: On diagnosis of any of the four illnesses – Heart Attack, Cancer, Major Organ Transplant and Stroke, you will receive upto 100% of the Rider Sum Assured.
- 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.
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