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Birla Sun Life Insurance (BSLI) today announced the launch of a participating traditional plan, BSLI Savings Plan, with guaranteed additions for the first 5 years of the policy term.
BSLI Savings Plan is a savings cum insurance plan that aims to provide secured growth to the customer's savings and comprehensive financial protection to the family from the risk of unfortunate death. It offers guaranteed additions, bonus accumulation, and life insurance benefits.
Jayant Dua, MD & CEO, Birla Sun Life Insurance, said, "In times of uncertainty and increasing costs, customers seek solutions that enable them to save systematically with a steady growth in savings over time. BSLI Savings Plan is designed to cater to the changing needs across customer segments with the flexibility it offers in choosing the policy term and the premium paying term with guaranteed additions."
Customers can opt for a premium payment term of 10, 15 or 20 years with the minimum age of entry at 18 years and the maximum at 50 years. At inception, the customer needs to choose the sum assured, the policy term and the premium payment term. The minimum sum assured for this plan is Rs 30, 000.
