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.