Birla Sun Life Insurance

Birla Sun Life Insurance Co. Ltd. or BSLI is considered one of India's most trustworthy and foremost insurance organizations. It's a combined endeavor by Aditya Birla Group, a sincere multinational enterprise with a global presence and Sun Life Financial Inc., one of Canada's top financial service organization.

Birla Sun Life Insurance Co. Ltd. started its operations in India, in 2000. It now has over a decade of enjoying in the insurance sector and has emerged as one of India's leading insurance groups. It is ranked among the top seven personal area life insurance companies in India. Formerly known as Birla Sun Life Insurance Company Limited, ABSLI is one of India's leading life insurance companies offering a range of products across the customer's lifecycle, including children future plans, wealth protection plans, retirement and pension solutions, health plans, traditional term plans and Unit Linked Insurance Plans ("ULIPs").

Why Go For Life Insurance?

Future Goal Planning

The financial goal is on the list of every person. In India, everyone thinks of building a strong financial background so that in future their loved one would not suffer. Life insurance plans offer that financial security so your loved would be able to deal with different types of financial crisis.

Certainty

Once you set your financial goal, then the life insurance plan is the best way to achieve it. Moreover, it is the best financial assistance that your family member would receive in case of your death.

Tax efficient

Like other health insurance plans, this plan also offers the tax benefits. Under the SEC 10(10D) and Section 80C, you will be able to avail tax benefits.

Flexibility

Life insurance plans are really flexible in terms of asset allocation that go well with specific requirements.

Wider options

Under a life insurance plan, you have several options to choose from. Different types of loans help you in dealing with different types of requirements.

Insurance for Financial Security

Life insurance is the best way to secure your family and their future needs. It helps you by offering a contingent liabilities such as hospitalization, debt redemption, critical illness in the most cost-effective manner.

Accident benefit

It is basically an add-on cover to your basic life insurance plan. It offers an additional sum assured amount to the nominee in case of death because of the accident. Since we all know that the death issue and in such cases the family will face different forms of problems such as relocation, debt servicing ad several other requirements.

Retirement planning

With the help of effective retirement life insurance plan, you can easily secure your post-retirement life, Your needs would be taken care of. In return for your premium, the company will pay a sum assured amount that you can use to enjoy our post-retirement life further.

Birla Sun Life Insurance Plans

Term Insurance is the traditional typical insurance plan that is affordable for the policyholder and provides financial stability and complete protection for the loved ones of the policyholder and provides cover against any type of unforeseen events.

ABSLI Protector Plus Plan

Aditya Birla Sun Life Insurance Life Shield Plan that offers you the flexibility to make a combination from amongst 8 different plan options as per your family's needs so they need not compromise on their lifestyle, even in your absence.

Features

1. Multiple options to suit your different protection needs
2. Option to enhance coverage at key milestones of your life
3. Option to cover your spouse under the same policy
4. Return of premium option
5. Inbuilt Terminal Illness Benefit
6. Multiple options to receive death benefit
7. Enhance your insurance with appropriate rider options

Eligibility

ABSLI DigiShield Plan

ABSLI DigiShield offers you the freedom to choose your sum assured and plan option, depending on your needs. Once you choose a sum assured, the plan option determines the enhancements to your chosen life cover over the course of your policy. It provides the flexibility to choose your policy term and premium paying term.

Features

Complete financial protection at an affordable cost

1. Two plan options to suit your protection needs
2. Option to enhance coverage at key milestones of your life
3. Option to cover your spouse under the same policy
4. Inbuilt Terminal Illness Benefit
5. Multiple options to receive death benefit to meet your needs
6. Flexible premium paying terms
7. Enhance your insurance with appropriate rider options

Eligibility

ABSLI Income Shield Plan

It offers the financial support needed to protect your loved ones even in case of death or other unforeseen circumstances. It ensures that the family continues to earn the same monthly salary or income necessary to enjoy the same lifestyle as earlier. It allows you to enhance your insurance with an appropriate rider option.

Features

1. Complete financial protection at an affordable cost
2. 4 plan options to suit your protection needs
3. EVA benefit – a benefit exclusive for females
4. Flexible Premium Paying Terms & Income Benefit Term
5. Enhance your insurance with appropriate rider option

Eligibility

Wealth with Protection or Unit Linked Insurance Plan, which is also popular by the name of wealth insurance plan is basically a complete package of investment and insurance cover. It allows you to do wealth enhancement. In ULIPs, a part of the premium is reserved for a life insurance and rest is invested in different forms of investments that includes stocks, bonds and much more.

ABSLI Wealth Max Plan

It safeguards your wealth against the market volatilities and averages out the risks associated with the equity market. Under this option, you get access to a well-established suite of 11 segregated funds, complete control on how to invest your premiums.

Features

1. Pay once and reap the benefits of financial growth
2. Flexibility to add top-ups whenever you have additional savings
3. Flexibility of partial withdrawals to meet any emergency fund requirements
4. Tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961(1)

Eligibility

ABSLI Wealth Secure Plan

It allows you to manage and administer your investment portfolio on your behalf and according to your risk profile. With this investment option, you can systematically participate and eliminate the need to time your investments into the market.

Features

1. Pay premiums for a limited term and get life cover for whole life
2. Flexibility to add top-ups whenever you have additional savings
3. Flexibility of partial withdrawals to meet any emergency fund requirements
4. Flexibility to choose from 3 investment options to suit your investment needs
5. Tax benefits under section 80C and section 10(10D) of the Income Tax Act, 1961(3)

Eligibility

ABSLI Wealth Assure Plan

Upon the unfortunate demise of the life insured prior to maturity, ABSLI will pay to the nominee the Basic Sum Assured plus the Basic Fund Value as on the date of intimation of death. In addition, ABSLI will also pay the top-up sum assured plus the top-up fund value as on the date of intimation of death

Features

1. Investment cum Insurance plan providing financial security to your loved ones and providing upside of market related returns while shielding your returns from downside risks
2. Flexibility to add top-ups whenever you have additional savings
3. Flexibility of partial withdrawals to meet any emergency fund requirements
4. Tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961(1)

Eligibility

ABSLI Fortune Elite Plan

In case of emergencies, you can surrender your policy to us anytime during the policy term. Any such surrender will be treated according to the complete withdrawal as mentioned in the policy discontinuance section.

Features

1. Flexibility to choose policy term of 20|25|30|35|40 years
2. Flexibility to choose premium paying terms of 5|10|15|20 years
3. Flexibility to choose from 3 investment options to suit your investment needs
4. Flexibility to add top-ups whenever you have additional savings
5. Flexibility of partial withdrawals to meet any emergency fund requirements
6. Tax benefits under section 80C and section 10(10D) of the Income Tax Act, 1961

Eligibility

ABSLI Wealth Aspire Plan

In the unfortunate event the life insured dies while the policy is in effect, ABSLI will pay immediately to the nominee the basic sum assured plus top-up sum assured, if any. The death benefit shall never be less than 105% of total premiums paid to date (excluding GST).

Features

1. Flexibility to choose from:
   • Plan options
   • Policy terms
   • Premium paying terms
   • 4 investment options
2. Flexibility to add top-ups in case of additional savings
3. Flexibility of partial withdrawals to meet any emergency fund requirements
4. Tax benefits under section 80C and section 10(10D) of the Income Tax Act, 1961(1)

Eligibility

Child insurance is basically designed to help you save for your child's future education, marriage and other important milestones in your child's life.

ABSLI Vision Star Plan

ABSLI Vision Star Plan’s main aim is to ensure that your child doesn't miss out on opportunities due to insufficient funds. ABSLI will declare simple reversionary bonuses regularly at the end of each financial year and that will be added to your policy on its policy anniversary.

Features

1. Sum Assured on Death will be paid to the nominee
2. No premiums are required to be paid in future
3. Assured Payouts on the scheduled dates as explained in the Assured Payout section
4. Bonuses accrued till policy maturity date and terminal bonus, if any, will be payable on the policy maturity date

Eligibility

Documents Required for Birla SunLife Insurance

All interested cosnumers who want to invest their hard earned money in Birla Sun Life Insurance have to provide a few documets for the verification and eligibility process. The documents to be submitted is as follows:

1. Recent passport-sized photograph.
2. Proof of identity: any 1 of the below mentioned documents can be submitted towards proof of identity:
   • Passport.
   • Driving licence.
   • PAN card.
   • Aadhaar card.
   • Voter’s identity card.
   • Job card issued by NREGA, signed by a State Government officer.
3. Proof of residence: Any one of the below mentioned documents are to be submitted towards proof of residence.
   • Property tax or municipal tax receipt.
   • Bank account or post office account statement.
   • Rent agreement.
   • Utility bills (electricity, gas, telephone) not more than 2 months old.
   • Letter of allotment or accommodation from State or Central government, financial institutions or listed companies.

Birla Sun Life Insurance Online Payment

To provide more ease to its customers, Birla Sun Life insurance Company has launched an online premium payment optionthrough which consumers can easily make payment ontime without any penalty.

Policyholders who wants to avail this service should follow the procedure given below:

1. Go the Birla Sun Life Insurance website and click on the ‘Pay Premium’ option under the ‘Quick Links’ section.
2. Enter the policy number and the insured’ date of birth, email address and mobile number and click on ‘Submit’.
3. Confirm the amount to be paid as premium and choose a premium payment option.
4. Complete the transaction through the selected payment option.
5. An acknowledgement of the transaction will be displayed on screen, confirming the payment.

Birla Sun Life Insurance Customer Login Process

For Birla Sun Life Insurance Login, we are giving the Login process steps for the convenience of the customer.

1. The policyholder has to visit the official website of Birla Sun Life Insurance.
2. The Birla Sun Life Insurance Company official website is insurance.birlasunlife.com.
3. In Birla Sun Life Insurance home page, the ‘Login‘ option is on the right side top of the page
4. Click on the ‘Login’ option.
5. In that, you can able to see 3 options
6. In that 3 options, the customer has to select the ‘Customer’ option.
7. Click that ‘Customer’ option.
8. Then it will be directed to the Birla Sun Life Insurance Login page.
9. Enter your ‘Username’ in that column.
10. Click on the ‘Continue’ option.
11. Then it will be directed to the another page.
12. In that, you have to fill other details.
13. Now, you can check further details using Birla Sun Life Insurance login.

FAQs

1. What is the process to renew life insurance policy?

If you want to renew your life insurance policy, you have to make the premium payment and communicate the same to the company through email/a letter whereupon the policy will be renewed.

2. How to cancel the Birla Sun Life Insurance policy online?

You can cancel your Birla Sun Life Insurance policy online by filling in the Surrender Form and submitting it as well as ceasing all premium payments.

3. How can someone generate the e-receipt for my Birla Sun Life Insurance policy?

The e-receipt can be generated by filling in details requested in the ‘Premium Paid Certificate’ link, which can be found on the company’s homepage.

4. How to contact Birla Sun Life Insurance customer service?

You can contact them through email, by calling on the toll-free number (1-800-270-7000) from Monday to Friday or by visiting a Birla Sun Life Insurance branch office.

5. To whom is the claim amount paid?

Claim amounts are disbursed to the nominee/assignee/appointee under Birla Sun Life policies.

6. How can a loan be taken against a Birla Sun Life policy?

Once the policy has acquired Surrender Value, a loan can be taken against it. Every policy has different loan amounts that can be taken depending on the policy.