Online Term Insurance Plan

My Online Term Plan Premium Calculator

Fill in some basic details below and calculate your premium amount
This is the life cover as chosen by you. This amount will be paid to your nominee under this policy.
Terms and Conditions

1. The premium calculated above is based on the information provided by you in the application form with respect to the life to be insured.

2. "This premium quotation is subject to the underwriting decision of the Company. The actual premium or the Sum Assured amount may change uopn the assessment of risk of life to be insured. Any such change will be communicated to you."

3. The Company reserves the right to call for your standard age proof, income proof, KYC, and any other documents.

4. "Complete disclosures about the existing policies , health details, and other material information with respect to life to be insured should be made to the Company, failing which the Company may declare the policy null and void, subject to the provisions of Section 45 of the insurance Act, 1938."

5. There are no maturity benefits payable under this plan.

6. Tax benefits would be applicable as per prevailing income tax laws.

7. Service Tax, education cess and other statutory taxes would be levied extra as applicable from time to time.

This product is not available for NRIs to Buy Online.

Life is uncertain, and it is important for you to be prepared against unforeseen incidences that threaten to destroy your family's happiness. With the BSLI Protect@Ease plan and its 4 new additional features, you can #BEinCONTROL of your family's future even when you are not around, so you don't leave wondering if you have done enough for them.


The premium of Rs 9 per day (annual premium of Rs 3,346.50) has been calculated for a Healthy Male, 18 years of age, for a sum assured of 30 lakhs, inclusive of taxes, for a policy term and a premium paying term of 35 years on annual payment mode, with no inclusion of riders, a level sum assured option, with single life and no enhanced lifestage protection.

  Why BSLI Protect@Ease Plan?


Benefits

  • Complete financial protection at an affordable cost
  • Convenient to buy
  • 2 plan options to suit your protection needs
  • Rewards for a healthy lifestyle
  • Option to receive death benefit as Annual Income
  • Flexible premium payment mode
  • Income Tax benefits as per prevailing norms under the Income Tax Act, 1961

Download the Product brochure here.


Eligibility

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 max. 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

Min.  Rs. 30,00,000
Max. No Limit (subject to underwriting guidelines)

Safeguard your future in 3 simple steps

Buying a term insurance plan was never this easy


Step 1

Select your sum assured and plan option

With BSLI Protect@Ease Term Plan, you can choose the sum assured and plan option according to your needs.

Option I: Level Term Insurance

In this option, your sum assured would be fixed for the entire policy term

Option II: Increasing Term Insurance

In this option, your sum assured increases as your responsibilities increase. You have the choice to enhance your sum assured by 5% or 10% at inception. This way your premium amount will remain the same but your sum assured will increase by 5% or 10% every year.


Step 2

Choose your policy term and premium paying term


Step 3

Fill a simple application form online and pay your premiums based on your above choices

Plan Benefits

Death Benefit

In case of an untimely demise of the life insured during the policy term, Death benefit will be paid to the nominee.

In case life insured is 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.

The nominee has an option to take the Death Benefit by choosing one of the following options

1. Lump sum payment or;

2. Staggered payment with fixed annual income or;

3. Staggered payment with increasing annual income @ 5% p.a.

Download the Product brochure here.


Enhanced Lifestage Protection

The protection need varies at different lifestages owing to occurrence of joyous events such as marriage & birth of children.

This feature is available only for policy that falls under Level Term Assurance Option, 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 while exercising this option. Mentioned below are the details of Enhanced Lifestage Protection:


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

Choose from our different Riders

BSLI Accidental Death & Disability Rider

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.

1. 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.

2. 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

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 Hospital Care Rider

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 Benefi10

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

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


You can only opt for either BSLI Accidental Death and Disability Rider or BSLI Accidental Death Benefit Rider Plus.


FAQ's

What is Term Insurance?

Term insurance is the most nominal form of life insurance that provides complete financial coverage for a defined period of time. The main focus of term insurance plans is to ensure financial stability to the family of the life insured in case of any unforeseen event. To safeguard your life against uncertainties and offer your family the best, Birla Sun Life Insurance has a come up with a product that offers end-to-end solution. Presenting the BSLI Protect@Ease Plan. Term insurance plans ensure that your family stays independent, even in your absence.


Who should buy term insurance?

Term plans are low cost insurance plans that offer you full protection and financial stability to your loved ones in case of any unprecedented event.

People who should opt for term insurance plans are:

  • Breadwinner
  • Homeowners with a mortgage
  • Single parent with a child
  • Someone with a co-signed debt
  • Business owner

What is the coverage period and the maximum term?

The coverage period starts with a minimum of 5 years and up to 40 years; subject to the maximum age of 80 years at the end of the policy term.


Why should I buy BSLI Protect@Ease?

Below listed are the main features that makes BSLI Protect@Ease plan one of the best plan to buy online:

  • Complete financial protection at an affordable cost
  • Two plan options to suit your protection needs
  • Option to enhance coverage at key milestones of your life
  • Inbuilt Terminal Illness Benefit
  • Multiple options to receive death benefit to meet your needs
  • Rewards for a healthy lifestyle
  • Flexible premium paying terms
  • Enhance your insurance with appropriate rider options

What is the minimum sum assured?

The minimum sum assured under BSLI Protect@Ease plan is Rs.30, 00, 000/-


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Aditya Birla Sun Life Insurance Company Limited (formerly Birla Sun Life Insurance Company Limited)

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

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*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')

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