It is important as

• It allows systematic long term savings which are low in nature but grow compoundingly
• Can be used for transferring wealth though estate planning
• To give adequate cover to key executives of the business, for its continuity.
• Short term death benefit
• To substitute loss of income source in case of death
• Help supplement retirement income in case there is no other retirement coverage.

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.

We offer the client several convenient options to make your premium payments:

• ECS -Through ECS which is available across all modes i.e. monthly, quarterly, half yearly or annually. ECS is currently available in 53 locations. Click here for the list of location
• DropBox -Drop Boxes at various locations.
• Website -Through the BSLI Website (if the client is registered with "Bill Junction" or Bill Desk).
• Branch - At all our Branch locations in your city
• Internet -Through Internet using credit car

Yes, the client can add any of the riders – Term rider, AD&D rider and Critical illness, Critical illness plus or Critical Illness woman rider after the completion of one policy year in case of our Flexi policies. Waiver of Premium rider can only be taken at the inception. For details, please contact your Insurance Advisor or us. (Conditions Apply).