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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 the Canada's top financial service oganization.
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 the 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 life cycle, including children future plans, wealth protection plans, retirement and pension solutions, health plans, traditional term plans and Unit Linked Insurance Plans ("ULIPs").
Flexibility to make partial withdrawals
Liberty to exchange among price range or even among investment options
Death advantage & maturity gain
Provision for premium redirection
Freedom to increase investment with the help of top-ups
Income Tax benefits
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 in how to invest your premiums.
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.
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
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.
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. Death benefit shall never be less than 105% of total premiums paid to date (excluding GST).
BSLI offers you a fast and hassle-free claim process. In only a few steps, you can record your claim online. For online claim intimation, you need to sign up your insurance policy and date of birth of the life insured. You could intimate the enterprise regarding your claims within the following approaches.
Files required: Documents in case of loss of life claim:
Replica of death certificates duly attested through the authorized person in the department
Authentic insurance record
Claimant's claim form
Demise Questionnaire (if demise has taken place out of the country)
Medical Attendant's certificates
Company's certificates, if applicable
Copies of medical reviews of closing and former hospitalizations, if any
Some other requirement as warranted via the facts of the claim
Files in case of unintentional death:
First information file
Post Mortem file
Police Inquest file
Newspaper Cuttings, if any
Claim selection: In case of claim statement, the payment is made to the beneficiary via NEFT. In case of rejection, the beneficiary has communicated the grounds on which the claim is rejected.
Following are some of the benefits of making an investment
Robust group of Analysts
Birla sun life investment has the area’s biggest analysts in the industry.
With concrete dedication towards monitoring down the investment industry, first-class businesses for its traders, Birla sun life has the continued adherence to the safety of their purchaser’s money.
Furthermore, traders stand to save on taxes with Birla sun life under section 80C of the Income Tax Act, 1961 provides options for saving.
It's also a beneficial solution for investors pursuing wealth advent.
Yes, you may increase the sum assured (plan base) by providing a written and signed by the policy proprietor.
You can take a loan in opposition to your policy. Please discuss your policy report for information minimum and maximum mortgage.
Your policy documents might be dispatched to your registered mobile number and e-mail identity.