Birla Sun Life Insurance Company Limited (BSLI) was formed with the merger of
the Aditya Birla Goup (an Indian multinational company) and Sun Life Financial (an international financial services organization based in Canada). Within a few years of its launch, the company has emerged a leading player in the private life insurance sector in India. Birla Sun Life Insurance has also pioneered the unique Unit Linked Life Insurance Solutions in India. BSLI provides insurance, mutual fund, investment and wealth management services. It was the first to sell its policies through the Bancassurance mode and through the Internet as well as the first private sector player to introduce pure Term plan in the Indian market.
Insurance Products and Services :
1. Individual Insurance Plans including:
• Protection Plan (includes Birla Sun Life Term Plan and Premium Back Term Plan)
• Savings Plan (includes Flexi Cash Flow Money Back Plan, Flexi Save Plus Endowment Plan, Flexi Life Line Plan, ClassicLife Premier Plan, Single Premium Bond Plan, LifeCompanion Plan, PrimeLife Plan, and PrimeLife Premier Plan)
• Rural Plan (including Bima Kavach Yojana)
• Riders (available from Accidental Death and Dismemberment Rider, Term Rider, Waiver of Premium Rider, Critical Illness Rider, Critical Illness Plus Rider, and Critical Illness - Woman Rider) could be added to: Birla Sun Life Term Plan, Premium Back Term Plan, Flexi Save Plus Endowment Plan, Flexi Cash Flow Money Back Plan, and Flexi Life Line Plan.
2. Group Life Insurance including:
• Group Protection Solutions (suitable for employees)
• Group Superannuation Plan (offers for a Retirement Fund to purchase annuity on the life of members on retirement)
• Group Gratuity Plan
• Credit Guard Plan (to secure risk by protecting the insured's most valuable business asset)
• Single Premium Group Term Plan
3. NRI Insurance including:
• PrimeLife Premier Plan
• PrimeLife Plan
• LifeCompanion Plan
• Flexi Life Line Plan
• Flexi Save Plus Endowment Plan
• Flexi Cash Flow Money Back Plan
• ClassicLife Premier Plan
• Single Premium Bond Plan
