It includes three non-participating market-linked insurance plans, one participating whole life plan and one traditional participating endowment plan.
"These products are designed to emphasise the fundamental propositions of life insurance - protection from uncertainty and long term savings. In 2014, we are well poised to build the product portfolio in a phased out manner with focused distribution," BSLI Deputy CEO Mayank Bathwal said in a release.
The unit-linked insurance plans (ULIPs) include Wealth Max, Wealth Secure and Empower Pension plans while Vision LifeIncome is a whole life plan and Vision Endowment Plan is a traditional participating endowment plan.
BSLI is a joint venture between the Aditya Birla Group and Sun Life Financial, one of the leading international financial services organisations from Canada.