Archive for January, 2010

Birla Sun Life-Insurance Policies

Birla Sun Life provides wide range of insurance solution for the individual and groups. The insurance plans are specially designed in a such way that suits to customers varied needs.

Products offered by birla sun life:
Protection Plans-
BSLI term Plan
BSLI Premium Back Term Plan
BSLI High Net Worth Term Plan

Saving Plans-
BSLI Dream Endowment Plan
BSLI Titanium Plus Plan
BSLI Saral Wealth Plan
BSLI Money Back Plus Plan
BSLI Guaranteed Bachat Plan

Children’s Plans-
BSLI Dream Child Plan
BSLI Saral Children’s Plan

Health Plans-
BSLI Health Plan
BSLI Saral Health Plan
BSLI Universal Health Plan

Retirement Plans-
BSLI Freedom 58 Plan
BSLI Dream Retirement Plan
BSLI Secure 58 Plan

Group Plans-
Credit Guard-Mortgage Plan
Single Premium Group term insurance Plan
Group Mortgage Reducing Term
Group Asset Assure Plan
Group Unit Linked Plan
Superannuation Plan

HDFC Gramin Bima Mitra Yojana

HDFC Standard life takes the step for providing insurance solution to the rural areas. HDFC Gramin Bima Mitra Yojana is specially designed for the people of rural areas.

A single premium of Rs.500/- covers the individual and no further premiums are required to pay for the insurance. The entry age is 18 years to 50 years.

Benefits-
Maturity Benefit-
On survival of the life assured to the maturity which is 3 years, a guaranteed maturity benefit of Rs.750/- is payable.

Death Benefit-
In the event of death of the life assured before maturity, the death benefit of Rs.5000/- is payable to the nominee.

Surrender Benefit-
On surrender, the guaranteed surrender value is payable which are Rs.500 for 1st  year, Rs.575/- for 2nd  year and Rs.650/- for 3rd  year.

Tax benefit-
Premium paid towards the insurance is eligible for tax benefit under section 80C and benefit received under the plan is exempt from tax under section 10(10D) of the Income Tax Act,1961.