Eligibility Criteria for Birla Sunlife Premium Back Term Plan:

1. Entry Age – Minimum age limit is 18 years, Maximum limit is 50 years for 20 years term and 55 for 10 and 15 years term.
2. Maturity Age – Maximum maturity age limit is 70 years.
3. Sum Assured – Minimum Sum assured limit is Rs. 200000/-
4. Premium Paying Term – 10, 15, 20 years.
5. Premium Paying Frequency – Monthly, Half Yearly, Quarterly, Yearly.

Key Benefits of Birla Sunlife Premium Back Term Plan:

• Maturity Benefit – On maturity, the total premiums paid during the policy term, will be paid back to you.
• Death Benefit – In case of unfortunate death o the life assured during the policy term, lump-sum sum assured along with premiums paid is received by the nominee.
• Tax Benefit – Premiums paid by the policy holder in this plan is eligible for tax benefit under section 80C and 10(D) of Income Tax Act 1961.

Eligibility Criteria for tata aig life Raksha Plan:

1. Entry Age – Minimum age limit is 18 years and maximum age limit is 50 years.
2. Maturity Age – Maximum maturity limit is 60 years.
3. Policy Paying Term -  10, 15, 20 and 25 years.
4. Premium Payment Mode – Monthly, Quarterly, Half Yearly, Yearly.
5. Sum Assured – Minimum sum assured limit is 15 lacs and Maximum no limit.

Key Benefits of Tata Aig term life insurance:

• Death Benefit – In the event of death of the life assured during the policy term, sum assured is payable to nominee.
• Maturity Benefit – Term insurance policy do not offer maturity benefits.
• Tax Benefits – Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961.

Please note that there is no Survival Benefits at the end of the policy term.

Some Unique Features of this policy:

1. Term Life cover at the cost.
2. Available in 3 options: Increase in sum assured by 5%, 50%, and level cover.
3. Tax benefit u/s 80 C and 10 (10 D) of IT Act.
4. Discount for womens.
5. Rider options available.
6. 15 days Free Look Period from the date on which you receive the policy documents.

Eligibility Criteria:

1. Entry Age: Minimum age limit is 18 years and Maximum age limit is 60 years.
2. Maturity Age: Maximum maturity age is 65 years.
3. Sum Assured: Minimum sum assured limit is 300000 (3 Lakhs) and Maximum sum assured no limit.
4. Premium Paying Term: Minimum premium paying term is 5 years and Maximum premium paying term is 25 years.
5. Premium Paying Frequency: Monthly, Quarterly, Half-Yearly, Yearly, Single.

Key Policy Benefits:

Death Benefit: in case of unfortunate death of the insured person, the nominee will get the sum assured.

Maturity Benefit :No survival benefit are entertained at the end of the term.

Tax Benefit: Premiums paid for this plan is eligible for tax benefit under Income Tax Act of India.

Features & Benefits:

1. A truly affordable life insurance product that offers the insured person high cover at low term insurance premiums.
2. Regular and single premium payment options.
3. Option to convert to any other plan.
4. Death Benefit

Eligibility Criteria:

1. Entry Age – Minimum age limit is 18 years and Maximum age limit is 65 years.
2. Premium Paying Term – Single and Regular
3. Premium Paying Option – Min 5 years, Max 30 years
4. Age at Maturity – Maximum maturity age is 70 years
5. Premium rates for Half-yearly, Quarterly and Monthly modes are 51%, 26% and 8.5% of Annual rates respectively

The policy holder of Kotak Life Insurance are also eligible under tax benefit as per the provisions of section 80C and 10(10D) of the Indian income tax act.

Life insurance is basically categorized into two classes -

• Temporary life insurance.
• Permanent life insurance.

And the below listed are it’s subclasses-

term insurance, Unit Linked Insurance Plan ( ulip ), Whole life, Endowment Plan, Money Back Policy, Children Plan, pension plan.

Temporary life insurance:-

Temporary life insurance provides insurance coverage for a particular period of time and for specific amount of premium. Generally the premium buys protection in the event of policy holder’s death.

Three things to be considered in temporary insurance -

1. Face value
2. Premium to be paid
3. Coverage length.

Permanent life insurance -

Permanent life insurance is a insurance that can be extended further until or unless the insurer fails to pays the premium due. The insurer cannot withdraw the policy for any reason except fraud in application, by which cancellation is done by Law within a period of time.

The types of permanent life insurance -

1. whole life.
2. universal life.
3. endowment.

Key benefits of Platinum Life of ING Vysya life insurance plan are:

1. It provides maturity/ death benefit.
2. It has a surrender value.
3. It also offers loan facility.

Unique features of Platinum Life of ING Vysya Life insurance plan are:

1. Entry Age – Minimum age for this policy is 18 years and Maximum age is 65 years.
2. Maturity Age – The maximum maturity age for this policy is 75 years.
3. Premium payment mode – Quarterly, half yearly or annually.
4. Premium payment term – you can choose to pay your premium from 5, 6, 7, 8 or 9 years.
5. The minimum quarterly premium payable amount is Rs 35,000.
6. The minimum yearly premium payable amount is Rs 1, 00,000.
7. The minimum half yearly premium payable amount is Rs 60,000.

The policy pays death benefit of the sum assured to the beneficiary, in case death of the life assured during the term of the policy. The policy doesn’t require any paid up value or surrender value under this policy.

Features-
Offers rebate of 1% on annual premium for yearly mode and none for half yearly mode.
Grace period of 15 days for for a payment of yearly and half yearly mode.

Eligibility Criteria:
The minimum and maximum entry age is 18 years and 55 years respectively. The maximum age at maturity is 65 years. The policy terms ranges from 5 years to 25 years. The minimum sum assured is Rs. 5,00,000/- and maximum is Rs.25,00,000/-. The premium can be paid by yearly, half yearly and single premium.

Benefits-

Death Benefit-
In the event of death of the life assured during the term of the policy, the sum assured is payable to the beneficiary.
Tax Benefit-
Premium paid is eligible for tax benefit under section 80C of the Income tax Act,1961.

Features-

-Special rates to the customer opting for sum assured above Rs.10Lakh and to the Aviva Pension Plus policyholder.
-Option to increase in the sum assured on the special events like marriage and child birth.

Eligibility-
The policy is available for the people age group 18 to 55 years and the maximum age at maturity is 65 years. The policy term ranges from 5 years to 40 years. The minimum sum assured is Rs.5,00,000/- and   minimum premium amount is Rs.2000/-. The premiums can be paid annually, half annually, quarterly and monthly.

The plan offers following eight investment funds to choose from-
New Balanced Fund, New Growth Fund, New Equity Fund, New Energy Fund, New Infrastructure Fund, New Money Market Fund, New Mid-cap Fund and New Pure Equity Fund.

Flexibilities-

1. Flexibility to choose annuity option from Life Annuity, Life Annuity with return of purchase price on death and Life Annuity guaranteed for 5, 10 or 15 years and payable for life thereafter.
2. Flexibility to pay top-ups at any time in the policy. The minimum top up amount is Rs.2,500/-.
3. Flexibility to switch between the funds at any time during the policy term.
4. Flexibility to pay single premium or regular premium

Features-

1. Tax free commutation up to one third of fund value at vesting age.
2. Optional benefits are offered at the nominal extra cost.
3. Policy can be surrender after three policy years. The guaranteed surrender value is payable.
4. Grace period of 30 days and 15 days for monthly mode to pay the premium from the due date.
5. Premium paid are eligible for tax benefit under the Income Tax Act,1961.

Eligibility-

1. Age at Entry-18 to 59 years
2. Age at Vesting- 75 years
3. Policy Term- Minimum 16 years
4. Premium Payment Mode-Annual, Half Annual, Quarterly and Monthly

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