Birla Sun Life Insurance, the life insurance arm of the Aditya Birla Financial Services Group, today announced the launch of its first participating plan, 'BSLI Vision LifeIncome'. The traditional whole-life plan offers a combination of regular guaranteed payouts, long-term savings and life insurance benefit.
This product offers guaranteed regular income and bonus accumulation for customers. Jayant Dua, MD & CEO, Birla Sun Life Insurance said, "With survival benefits payable every year from the end of the premium paying term till maturity and life insurance benefit, this plan offers a perfect blend of income and financial protection for the customer's family."
This product offers premium discount on high sum assured, option to avail loan against the policy and tax benefits under Income Tax Act, 1961. Dua added that BSLI Vision LifeIncome plan is suitable for individuals whose key objective is secured savings, earning a steady income for life and providing their family with comprehensive financial protection.
