Birla Sun Life Insurance belives in undertaking concerted efforts in the direction of helping the economically weaker section of the society. We have designed 'BIMA KAVACH YOJANA' plan keeping in mind the paying capacity and the needs of the rural population.
We are working in close coordination with the Aditya Birla Group Units and various N.G.O's, located accross India to provide the rural insurance services to the rural population.
Rural and Community Initiatives : The group is commited for sustainable social and economic development of the weaker sections of the society, through need - based activities on income generation and Skill enhancement, Micro Credit and Micro Finance, Savings, Health and Family Welfare, Education, Watershed development etc.
In case of an untimely death of the policy holder during the policy period, the nominee of the policy holder will get 100 times of the premium amount paid.
Maturity Benefit
On Maturity, the policy holder will get his premium back with 10% bonus(1.10 times).
Surrender Benefit
Under this plan if policy holder wishes to surrender his policy, he will get following surrender benefits.
If the life insured dies during the duration of plan, the cause of death being suicide, we will not pay the normal death benefit but will refund the amount paid by you as premium.
People living in the IRDA Defined villages. Based on the following IRDA guidelines we have prepared a list of villages qualify for sale of Above Rural Policy. Aged between 18 and 50.
Death Benefit