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Fincash » Insurance » Birla Sun Life Insurance

Birla Sun Life Insurance

Updated on June 23, 2022 , 7447 views

Birla Sun Life Insurance Company Limited (BSLI) is a joint endeavour of the Aditya Birla Group of India and Sun Life Financial Inc. from Canada. Birla Sun Life is one of the leading Insurance companies in the Market and has greatly contributed to the development and growth of the life insurance industry. The customer base of Birla Insurance spans over two million policyholders and has a robust distribution network in over 500 cities with more than 550 branches. BSLI has around a strong team of empanelled insurance & financial advisors and has joined hands with over 140 corporate agents, brokers, and banks. Birla Sun Life Insurance Company was the first insurance company to introduce 'free look period'. Free look period is the period where a new insurance policyholder can terminate the contract without penalties.

Birla-Sun-Life-Insurance

Birla Sun Life Insurance boasts itself to be the pioneer of launching the Unit Liked Insurance Plans(ULIPS) in India. BSLI has been in the insurance market for over decade now, its vision and structured business approach has been the major driving Factor behind its consistency. Birla Sun Life plans are of a great variety and designed to cater the needs to corporates as well as individuals. Also, the policies are offered to the customers at very competitive rates.

Why Choose Birla Life Insurance?

Key Achievements
Strong Legacy Joint Venture between Aditya Birla Group and Sun Life Insurance
Easy Claim Settlement 97.54% Claims Paid in FY 19-20
Assets Under Management Rs. 44,184.9 Cr
Network 385 Offices Pan India

Birla Sun Life Insurance Portfolio

Birla Sun Life Term Plans

  • BSLI Protector Plus Plan
  • BSLI Future Grand Plan
  • BSLI Easy Protect Plan
  • BSLIProtect@Ease Plan

Birla Sun Life Insurance Term Plans with Savings

  • BSLI Vision MoneyBack Plus Plan
  • BSLI Vision LifeIncome Plan
  • BSLI Vision Endowment Plan
  • BSLI Savings Plan
  • BSLI Life Secure Plan
  • BSLI Income Assured Plan
  • BSLI Vision Regular Returns Plan
  • BSLI Vision Endowment Plus Plan
  • BSLI Guaranteed Future Plan
  • BSLI Secure Plus Plan

Birla Sun Life Insurance Child Plans

  • BSLI Vision Star Plan

Birla Sun Life Retirement Plans

  • BSLI Empower Pension Plan
  • BSLI Immediate annuity Plan
  • BSLI Empower Pension- SP Plan

Birla Sun Life Wealth With Protection Plans

  • BSLI Wealth Max Plan
  • BSLI Wealth Secure Plan
  • BSLI Wealth Assure Plan
  • BSLI Fortune Elite Plan
  • BSLI Wealth Aspire Plan

Birla Sun Life Rural Insurance Plans

  • BSLI Bima Dhan Sanchay
  • BSLI Bima Suraksha Super
  • BSLI Bima Kavach Yojana
  • BSLI Grameen Jeevan Raksha Plan

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Birla Sun Life Insurance Group Plans

  • Group Value Plus Plan
  • Group Unit Linked Plan
  • Group Superannuation Plan
  • Group Asset Assure Plan

Birla Sun Life Insurance Customer Service

1800-270-7000

FAQs

1. Where to submit the claim forms?

A: The claim forms can be submitted at the nearest Aditya Birla Sun Life (ABSL) Insurance Branch Office or could be sent directly to the Claims Section at:

The Claims Section, Aditya Birla Sun Life Insurance Company Limited, G Corp Tech Park, 5th & 6th Floor, Kasar Wadavali, Ghodbunder Road, Thane - 400 601.

2. What to do if the nominee dies during the tenure of the Policy?

A: The Life Assured should nominate some other person in place of the deceased Nominee under Section 39 of the Insurance Act.

3. To whom will the claim money be paid?

A: The claim money will be paid to the beneficiary who generally is the nominee / assignee / appointee (in case of a minor) as mentioned by the Life Assured in the application form for Insurance.

4. What are the requirements to open the e-insurance account?

A: You would require documents such as the Application form & KYC norms - ID Proof and Address Proof.

5. How to change address in the policy?

A: To change the address you may submit a Policy service request form to any of ABSL branches, along with the below requirements;

  • Self-attested Address proof (validity 6 months), also to be attested by ABSL authorized signatory.
  • Self-attested Identity proof also to be attested by ABSLI authorized signatory

6. How to update contact numbers in the policy?

A: You can update your contact numbers and email addresses on ABSL website using your CIP / TPIN.

7. What are the premium payment options available?

A: You can make premium payments through various options:

  • ECS / Direct Debit
  • Direct Debit from credit card
  • Branch Office
  • Bill Junction / Bill Desk
  • NEFT

8. How is loan availed on the policy?

A: You may take a loan against your policy once it has acquired a surrender value. Refer to your Policy document for details minimum and maximum loan. The insurer shall charge interest on the outstanding loan balance at a rate declared by us from time to time based on then prevailing market conditions. .

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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