| There are various types of
insurance that one can take depending on the life cycle at which a person
is |
 | Term insurance for a low cost short term
coverage of life like the term plan from BSLI or the BSLI premium back term
plan which pays back the premium on expiry of the term. Any body who needs
short-term death benefit protection and has temporary financial obligations,
such as mortgage payments, car payments, or short-term debts. Young couples
with low income and high |
| Whole life plan for those who want long
term cover at fixed premiums through out their life and higher cash values in
later policy years, which makes it a good choice for the long term. Life Line
from BSLI provides all the above apart from minimum guaranteed returns and
market linked benefits. |
| Universal life plans – UL plans are
appropriate for those who want protection along with flexibility in premiums
and adjustable benefits, such as face value and death benefit amounts. It is a
market linked life insurance policy that builds cash values over and above the
guaranteed returns . |
| BSLI was the first company to bring UL products in
private life insurance . the flexi plans from Birla Sun Life insurance
provide the benefits |
| Variable Life Plans – for those who want to
have the benefits of Life insurance along with the risk taking ability of the
market , a variable universal life , is just the plan .Birla Sun Life Insurance
Classic Life plan allows them to adjust the their investment and protection
funds depending on their risk taking ability. |
