The security of your information is extremely important to us! We are registered and comply with the Data Protection Act (1998) NO:Z2656971How Birla Sun Life Insurance Flexi Save Plus Can Help You Today. Do not overpay for life cover: compare the whole market and save up to 40% on life insurance.
It offers absolute opportunity to make big tax free savings for a longer period of time. With the investment fund option, you can build a capital and be able to generate bigger and better returns at a lower risk. You can also choose between medium and long term period with the balance of investment in equity and in debt.
What is Birla Sun Life Insurance Flexi Save Plus?
People from age one to sixty five with assured money of 75,000 Rs. and up are qualified to have the Birla Sun Life Insurance Flexi Save Plus, but minors are only required 50,000R only. The plan may range from ten to thirty years or it can also be matured within a specific time like sixty, sixty five, seventy or eighty. The premium paying term is the main feature of this policy. Compared to other plans that require premium payment through the whole tenure, you can pay the premium through a limited term or more than five years for a ten year insurance policy.
But of course, the cover will be applicable for the whole policy term or in a single premium only. The insurance seeker can also pick an investment plan that is suited for his/her risk profile. You can also withdraw bonuses in this type of insurance plan just after 3 years and then take a loan of up to 90% of the surrender value. More than the benefits of the usual endowment plan, the flexibility in the premium payment term along with the non-revolutionary bonuses completes this plan and it will be worth your money too.
Your options available
You have 3 choices in terms of flexi save plus and these are the protector, builder & enhancer. This means you have the freedom to choose and switch between the investment fund options within the tenure of the policy. With the flexibility provided to you, you can easily make more lump sum investments to boost your savings.
The benefitsThe plan is linked in a non-participating plan thus giving you the appropriate earnings along the way. You will be given with 3 choices of investment funds, so switching between the funds choices within the tenure is allowed. You will have the flexibility to make additional lump sum investments to boost the savings and a portion of the policy.
The disadvantages
Within the first 3 years of the policy, if the fund value fails to 1 annual policy premium net of the charges, they will terminate the policy. If the insured individual died because of suicide after a year of policy issuance, the insurance company will not pay for the life insurance coverage.
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