New Delhi, Mar 26 IBNS | 3 years ago

Birla Sun Life Insurance (BSLI), the life insurance arm of the Aditya Birla Financial Services Group, has announced the launch of its new traditional participating endowment plan, 'BSLI Vision Regular Returns Plan'.

BSLI Vision Regular Returns Plan is an offering that combines liquidity, long-term savings and life insurance benefit.

Jayant Dua, MD and CEO, Birla Sun Life Insurance, said, "In an increasingly uncertain market scenario, customers are now looking for plans that can provide them some guarantee, growth on their savings and adequate protection so that they can best beat inflation.

"BSLI Vision Regular Returns Plan, as the name suggests, anchors these needs of the Indian customers through unique features like regular increasing returns, bonus accruals from the first policy anniversary and an advantage of compounding revisionary bonus."

"Customers now do not need to wait up until maturity to get returns from their policy; with this plan they start receiving returns every year starting from 6th year up until the end of policy term, thus infusing liquidity early on for a prolonged tenure," he said.

The plan provides safety for customer's loved ones with a comprehensive financial protection of their family depending on their choice of Sum Assured.

In the event of the unfortunate death of the life insured during the policy term, the plan will pay to the nominee the Sum Assured plus Accrued Bonuses as on date of death. Bonuses once attached to the policy are guaranteed to be payable on death, survival and maturity, as may be applicable.

Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya Birla Group, a well known Indian conglomerate and Sun Life Financial Inc., one of the leading international financial services organisations from Canada.

(Posted on 26-03-2013)