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Key Benefits




Detailed Benefits
BSLI Protect@Ease Plan
The work you put in every day helps you build savings for your family's future - but is it enough? Expenses keep mounting every month, inflation eats away at your finances, and the needs of a growing family further pressurise your limited income.
The key to making your loved ones' dreams come true is in your hands and the most enduring path towards wish fulfilment is via term insurance. Your loved ones' present happiness and future dreams depend on you. Hence, your term insurance policy can put them on the route to fulfilling their future dreams.
Buy term insurance today, for securing their future tomorrow.

The term insurance policy has two principal benefits: It has an affordable premium and a high sum assured. Thus, your family is well cared for even in your absence, when there is a sudden discontinuation of income. In your absence, the term insurance policy keeps your family away from financial uncertainty and helps them achieve their goals - just like you had planned.
Why BSLI Protect@Ease Plan?
BSLI's Protect@Ease Plan is a traditional term insurance plan designed to secure your family's future against uncertainties and unforeseen circumstances. It insulates you and your loved ones against the negative impact of future unforeseen events while helping them achieve their goals and dreams. Thus, it helps give your family the financial independence and security that you have always aimed for in your absence.

Broadly, BSLI Protect@Ease Plan offers a substantial Death Benefit, Joint Life Protection, Enhanced Life Stage Protection, and Customisable Benefits.
Benefits of BSLI Protect@Ease Plan
In a nutshell, the benefits of this term insurance policy are as follows:

  • Complete financial protection at an affordable cost
  • Two plan options to suit your protection needs (see details below)
  • Option to enhance coverage at key milestones of your life (see 'Enhanced Lifestage Cover' and Customisable Benefits' below)
  • Option to cover your spouse under the same policy (See 'Joint Life Protection' below)
  • Inbuilt Terminal Illness Benefit
  • Multiple options to receive death benefit to meet your needs
  • Rewards for a healthy lifestyle
  • Flexible premium paying terms
  • Premiums paid for all life insurance policies are exempt from tax up to a maximum of Rs 1.5 lakh under Section 80C of the Income Tax Act, 1961. Also, the claim amount received by the beneficiaries or bonus in the hands of the policyholder is tax free under Section 10 (10D) of the Income Tax Act subject to fulfillment of conditions. Tax benefits are subject to changes in the tax laws.

Death Benefit :

This is the pay-out your family receives in the event of your unfortunate demise during the plan period. The death benefit from this term insurance policy is paid to the nominee of the plan. It is calculated as the sum assured on death minus previously paid terminal illness benefit. The term insurance policy is terminated after the death benefit is paid.

Sum Assured on Death for regular | limited pay will be an amount that is the highest of :

  • 10 times the annualised premium for all ages; or
  • 105% of all the premiums paid as on the date of death; or
  • Minimum guaranteed sum assured on maturity; or
  • Absolute amount assured to be paid on death

Sum Assured on Death for single pay will be an amount that is the highest of :

  • 125% of single premium for all ages; or
  • Minimum guaranteed sum assured on maturity; or
  • Absolute amount assured to be paid on death
There is no 'minimum guaranteed sum assured on maturity' under this plan.
Sum assured payable on death is Effective Sum Assured as on the date of demise.
  • Level Term Assurance Option: The Effective Sum Assured is the sum assured at inception. It is constant throughout the policy term.
  • Increasing Term Assurance Option: The Effective Sum Assured is the sum assured at inception increasing on every policy anniversary by 5% or 10% as chosen by you at inception.
Under Level Term Assurance Option, the Effective Sum Assured shall include any change in Sum Assured arising from exercising the Enhanced Life Stage Protection option.

Pay-out options

The nominee can take the Death Benefit by choosing one of the following options

  • i. Lump sum payment or
  • ii. Staggered payment with fixed annual income. In this option the Death Benefit will be paid as one-time payout of 20% of Death Benefit at the time of claim settlement, PLUS the remaining Death Benefit is paid as an annual income. An annual income as a fixed percentage of Death Benefit on each death anniversary of the life insured for the chosen pay-out term (10 or 15 years) will be payable as shown in the table given below:

    • Payout term (in years) 10 15
      % of Death Benefit 11% 8.37%
      Or

  • iii. Staggered payment with increasing annual income @ 5% p.a. In this option the Death Benefit will be paid as
    • a) One-time payout of 20% of Death Benefit at the time of claim settlement plus;
    • b) The remaining Death Benefit is paid as an annual income. An annual income as a fixed percentage of Death Benefit at the time of claim settlement and then
      increasing at the rate of 5% per annum simple on each death anniversary of the life insured for the chosen payout term (10 or 15 years) will be payable as shown in the table given below:

      Payout term (in years) 10 15
      % of Death Benefit 9.16% 6.47%

Terminal Illness Benefit
In case you are diagnosed with a terminal illness, 50% of the applicable Sum Assured on Death, subject to a maximum of Rs. 2.5 crore, will be paid immediately. On subsequent death of the Life Insured during the policy term, the Sum Assured on death shall be reduced by the amount of Terminal Illness Benefit already paid. Future due premiums are liable to be paid on their premium due dates. Terminal Illness Benefit is payable only on the first diagnosis of any terminal illness of the policy holder during the policy term.

Joint Life Protection:

Under this option, your and your spouse's lives are covered under the same term insurance policy. You are the primary insured and your spouse is the secondary insured. The sum assured applicable for your spouse shall be equal to 50% of your applicable sum assured. This option shall only be available where the sum assured of primary life insured is greater than or equal to Rs 60,00,000. You can choose this option while buying the policy and it shall not be changed subsequently. No rider can be opted under this option.

Enhanced Lifestage Protection:

Your needs vary at certain times of life, prompting the need for greater protection. Your family size grows when your children are born, and these events require a higher coverage to shoulder the additional responsibilities. BSLI Protect@Ease Plan offers enhanced protection for these times without any new medical evaluation.
  • c. This feature is available only for Level Term Assurance Option, where standard life at inception of the policy, regular pay policy and the attained age of life insured is less than or equal to 50 years.
  • d. This option is not available if Joint Life Protection is opted for.
  • e. Future premiums shall be increased in proportion of the increase in the sum assured to the sum assured at inception of the policy and will be reflected from the subsequent policy anniversary.

The details of Enhanced Lifestage Protection are mentioned below:

Event

Enhanced Protection
(% of Sum Assured at Inception of the policy)

First Marriage

50% subject to a maximum of Rs. 5,000,000

Birth of 1st Child

25% subject to a maximum of Rs. 2,500,000

Birth of 2nd Child

25% subject to a maximum of Rs. 2,500,000

You can choose to reduce the sum assured in future to the extent of sum assured increased under the Enhanced Lifestage Protection option. Any increase in sum assured due to your first marriage, birth of first child or second child under this option, may be subsequently reduced subject to the written request.

Customisable Benefit:

For added protection, you can enhance your term insurance coverage during the policy term by adding these riders for a nominal extra cost.
  • BSLI Accidental Death and Disability Rider (UIN: 109B018V03)
    The impact of the accident is more if you are not prepared for it. Accidental Death and Disability rider by BSLI is a stress-free and nominal way of providing stronger financial security for your family in case of your untimely accidental death or disability.

    BSLI Accidental Death and Disability rider covers the following insured events.
    • Accidental Death: In the unfortunate event the death of the life insured within 180 days of the occurrence of an accident, we will pay rider sum assured to the nominee.
    • Accidental Disability: In the event of disability due to accident which is established 180 days following the date of the event, we will pay life insured a percentage of rider sum assured, based on the description of bodily injury.

    Download the Rider brochure from here for more details.
  • BSLI Critical Illness Rider (UIN: 109B019V03)
    With BSLI Critical Illness Rider you can safeguard yourself with the increasing cost of medication. BSLI Critical Illness rider covers 4 major illnesses.
    • 1. First Heart Attack of Specified Severity
    • 2. Cancer of Specified Severity
    • 3. Stroke Resulting In Permanent Symptoms
    • 4. Major Organ / Bone Marrow Transplant

    Download the Rider brochure from here for more details.
  • BSLI Surgical Care Rider (UIN: 109B015V03)
    If you are hospitalized for undergoing medically necessary surgery in India for a minimum period of 24 hours and actually undergo that surgery a lump sum benefit will be paid. You can choose your benefit amount from Rs. 3,000 to Rs. 30,000. The rider sum assured will be 50 times this benefit amount.

    Major Surgery For a surgery that directly involves brain, heart (including coronary arteries), liver or lung the benefit amount will be five times the chosen benefit amount

    Other Surgery For any other valid surgical hospitalization the benefit will be equal to the chosen benefit amount.

    Policy Limits You can claim up to 10 times the chosen benefit amount in one policy year and upto 50 times the chosen benefit amount in the entire policy term.

    Download the Rider brochure from here for more details.
  • BSLI Waiver of Premium Rider (UIN:109B017V02)
    In case life insured / policy holder is unable to pay the policy premiums due to a disability, critical illness or an untimely demise, all future premiums of the base plan and the attached riders will be paid by BSLI and all policy benefits will continue.

    If you are unable to pay your premium in the event of financial difficulties arising due to the following:
    • Proposer becomes completely disabled due to an illness or accident
    • Proposer is diagnosed with any of the specified critical illnesses
    • Death of the proposer (if not the life insured)

    then BSLI will waive off all the future premiums of the base plan and the attached riders throughout the rest of the policy term or until the termination of the policy or till the attained age 70 of the proposer whichever is earlier.

    The benefit under this rider is payable only when the base plan is in effect. The cover under this rider will cease after a claim under this rider is paid, however, the cover under the base plan/other rider/s will continue.

    Download the Rider brochure from here for more details.
  • BSLI Hospital Care Rider (UIN: 109B016V03)
    With the help of BSLI Hospital Care Rider you can rest assured knowing that you can boldly face unwanted, unexpected circumstances, without any hassles. Benefits of Hospital Care Rider are:
    • 1. Hospital Cash Benefit
    • 2. ICU Benefit
    • 3. Recuperating Benefit
    • 4. Policy Limit (You can claim 100 times the chosen daily cash benefit amount in one policy year and 250 times the chosen daily cash benefit amount in the entire policy term.)

    Download the Rider brochure from here for more details.
  • BSLI Accidental Death Benefit Rider Plus (UIN:109B023V01)
    BSLI Accidental Death Benefit Rider Plus offers additional financial security at a nominal cost, to your family in the event of your untimely accidental death.

    Download the Rider brochure from here for more details.

Riders are not available for Joint Life Protection Option. You can only opt for either BSLI Accidental Death and Disability Rider or BSLI Accidental Death Benefit Rider Plus. Please refer to detailed brochures on riders, consult your financial advisor or visit our website for further details.

Note - The life insured will be entitled to receive the benefit if the illness does not result either directly or indirectly from any one of the causes listed in the exceptions clause of the respective riders brochures:

Eligibility criteria for BSLI Protect@Ease Plan
Entry Age 18 to 65 years of age
Plan Option I-Level Term Assurance
II-Increasing Term Assurance
Policy Term 5 to 40 years; subject to maximum age of 80 years at the end of policy term
Premium Paying Term Single Pay | Limited Pay-5 | 7 years | Regular Pay
Premium Mode Annual | Monthly
Sum Assured Minimum Rs. 30,00,000
Maximum: No Limit (subject to underwriting guidelines)
Buy BSLI Protect@Ease Plan
Now that you have perused the policy features above, it is time to buy this term insurance online. You can buy this term insurance policy online quite easily, by following these steps:
1 Use the online term insurance calculator to arrive at your desired sum assured amount and premium.
2 Choose your Sum Assured and Plan Option (Level Sum Assured / Increasing Sum Assured)
3 Get the online term plan quotation: Choose your Policy Term, Premium Paying Term, Premium Mode, choose rider benefits to get the annual or monthly premium payable.
4 Enter your name, mobile number and email ID. Hit 'Buy now'.
5 Fill out the application form.
6 Pay the first premium. Your payment acknowledgement and policy document will be sent to you separately.

This policy is underwritten by Birla Sun Life Insurance Company Limited (BSLI). This is a non-participating traditional term insurance plan. All terms & conditions are guaranteed throughout the policy term. GST and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. For more details on risk factors, terms & conditions, please read the brochure carefully before concluding the sale. For detailed terms & conditions please refer to the policy contract. Tax benefits are subject to changes in the tax laws. For more details and clarification, call your BSLI Insurance Advisor or visit our website and see how we can help in making your dreams come true.

Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013.

Req. No. 109 I CIN: U99999MH2000PLC128110 | ADV/6/17-18/415 |Unique No. 109N091V02

IRDAI hereby clarifies to the public that
- IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
- IRDAI does not announce any bonus.
- Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

SMOKER 
*Smokes Cigarettes, Bidis and Cigars or Consumes Tobacco, Ghutka, Paan Masala or any Nicotine related products. 

NON SMOKER 
*Not smoked or consumed Cigarettes, Bidis and Cigars or Consumes Tobacco, Ghutka, Paan Masala or any Nicotine related products in the last 5 years (Non smoker declaration required if status selected as 'Non Smoker')