Skip Ribbon Commands
Skip to main content
 
Login
Register

Need help? Call 1-800-270-7000

To offer you an enhanced website experience we have revamped this section. Remembering your User Name & Password just got simpler.

Convert your 10 digit CIP number to a User Name of your choice and select a password you can remember with ease.

If you are having trouble logging in, check if you have typed in the correct User Name or type the old 10 digit CIP number (if you are a 1st time user).

Cookies need to be enabled in your Internet browser in order for you to Login. You need to go to Internet options > Privacy > Advanced > Select the "Accept" or "Prompt" option under "First Party Cookies" > Click Ok
OK

Search

FAQs

  Why do I need to pay Service Tax?

Service Tax is an indirect tax levied on the transactions of certain services specified by the Central Government under the Finance Act, 1994. As per the provisions, the service provider of taxable service pays the tax and recovers the amount from the recipient of service.

  Was Service Tax applicable to insurance?

Yes, Service Tax was applicable to insurance premium, only the rates have been revised.​

  As per the Union Budget 2012, when are the changes in Service Tax applicable?

The new changes are effective from April 1st, 2012.​

  For Unit linked (ULIP) products, is there a change in the rate of Service Tax from April 1st, 2012?

From April 1st, 2012, Service Tax for ULIP products (including education cess and secondary and higher secondary education cess) has changed to 12.36% (12% Service Tax, 2% education cess and 1% secondary and higher education cess on Service Tax). It is applicable to all charges levied on ULIP products. ​

  For health and term products, is there a change in the rate of Service Tax from April 1st, 2012?

Service Tax applicable for Health and Term products has changed from 10.30% to 12.36% (12% Service Tax, 2% education cess and 1% secondary and higher education cess on Service Tax).​

  For Traditional Endowment plans, Service Tax including education cess was 1.545% (3% education cess on 1.5% Service Tax).Has this changed?

Effective April 1st, 2012, Service Tax for Traditional Endowment plans has changed from 1.545% to 3.09% (3% Service Tax, 2% education cess and 1% secondary and higher education cess on Service Tax) for first year premium.

No change for renewal premiums; it remains the same at 1.545%.​

  For riders opted along with the base plan, is there a change in the rate of Service Tax from April 1st, 2012?

The Service Tax applicable on rider premium will be as per the base plan, if the riders are attached with ULIP’s or Term plans then the Service Tax is revised to 12.36% and if riders are attached with Traditional Endowment plans then it is revised to 3.09% on the 1st year premium and will continue to remain at 1.545% on renewals.​

  Will the premium amount change?

In case of ULIP product, the premium amount will continue to remain the same however; Service Tax will be deducted as per the revised rate on the charges that are deducted during the entire year.

In case of term and endowment plans, the premium payable amount will increase as per the prevailing rates.​

  For Auto payment option (ECS, Standing instruction, etc.). what should one do?

For below mentioned products of BSLI, please inform the bank about the revised modal premium and ensure that necessary funds are available in that account to enable successful implementation of ECS debits.

 

Term Plans
Endowment plans
• BSLI Term Plan
• BSLI Bachat (Child) Plan
• BSLI Health Plan
• BSLI Bachat (Endowment) Plan
• BSLI Universal Health Plan
• BSLI Bachat (Money Back) Plan
• BSLI High Net-worth Term Plan
• BSLI Guaranteed Bachat Plan
• BSLI Hospital Cash Plan
• BSLI Money Back Plus Plan
• BSLI Protector Plan
• BSLI Rainbow Plan
• BSLI Protector Plus Plan
• BSLI Secure 58 Plan
• BSLI Standalone Term Plan
• BSLI Vision Plan
• BSLI Premium Back Term Plan (100%)
• BSLI Premium Back Term Plan (125%)

 

For ULIP products the modal premium amount will continue to remain same however, Service Tax will be deducted as per the revised rate on the charges that are deducted during the entire year.​

  How is the Service Tax applied?

For Unit-linked (ULIP) products, Service Tax is payable on all the charges applicable towards your policies.

For Traditional Endowment, Health and Term Insurance products, Service Tax is applied on the total premium.

​
Toll Free:1-800-270-7000
Between 9 am to 9 pm, Monday to Saturday
Send an Advisor

Insurance Dictionary

Birla Sun Life Insurance

Notification

Need help? Call 84259 55555
Posted Date :
Subject :
Message :
Ok

Notifications

Need help? Call 84259 55555

Delete
Are you sure you wish to delete the selected Notification(s)?
yes

Daily NAV's


Go

Assure Fund 20.0969
ULIF01008/07/05BSLIASSURE109
Income Advantage Fund 17.4101
ULIF01507/08/08BSLIINCADV109
Protector Fund 27.1354
ULIF00313/03/01BSLPROTECT109
Builder Fund 33.3747
ULIF00113/03/01BSLBUILDER109
Balancer Fund 21.284
ULIF00931/05/05BSLBALANCE109
Enhancer Fund 39.251
ULIF00213/03/01BSLENHANCE109
Creator Fund 29.5309
ULIF00704/02/04BSLCREATOR109
Magnifier Fund 28.4328
ULIF00826/06/04BSLIIMAGNI109
Maximiser Fund 14.0224
ULIF01101/06/07BSLIINMAXI109
Multiplier Fund 11.7406
ULIF01217/10/07BSLINMULTI109
Super 20 Fund 14.4118
ULIF01723/06/09BSLSUPER20109
Platinum Plus Fund - 1 12.2523
ULIF01325/02/08BSLIIPLAT1109
Platinum Plus Fund - 2 17.346
ULIF01425/02/08BSLIIPLAT2109
Platinum Plus Fund - 3 13.2923
ULIF01628/04/09BSLIIPLAT3109
Platinum Plus Fund - 4 11.8041
ULIF01816/09/09BSLIIPLAT4109
Platinum Premier Fund 11.6903
ULIF02203/02/10BSLPLATPR1109
Platinum Advantage Fund 10.0137
ULIF02408/09/10BSLPLATADV109
Pension Nourish Fund 22.6818
ULIF00604/03/03BSLNOURISH109
Pension Growth Fund 27.4064
ULIF00504/03/03BSLIGROWTH109
Pension Enrich Fund 31.3567
ULIF00404/03/03BSLIENRICH109
Titanium Fund - 1 11.7823
ULIF01911/12/09BSLITITAN1109
Titanium Fund - 2 11.5543
ULIF02011/12/09BSLITITAN2109
Titanium Fund - 3 10.7075
ULIF02111/12/09BSLITITAN3109
FORESIGHT - 5 PAY 10.8031
ULIF02510/02/11BSLFSIT5P1109
FORESIGHT - SINGLE PAY 10.8466
ULIF02610/02/11BSLFSITSP1109
Pure Equity Fund 11.2778
ULIF02707/10/11BSLIPUREEQ109
Value Momentum Fund 10.4066
ULIF02907/10/11BSLIVALUEM109
Liquid Plus Fund 10.9718
ULIF02807/10/11BSLLIQPLUS109
Discontinued Policy Fund 12.1074
ULIF02301/07/10BSLIDISCPF109
Know Our Funds

Follow Us


LinkedIn

Youtube

Newsletter