Birla Sun Life Vision Plan

Birla-sun-life-vision -plan-

Life Plans will have its own importance in any time. They are the most suitable plan for ordinary people. Equity market opportunities are endless. But equity market investments are subject to market risk. These conditions are suitable for whole life plans. Meaning of insurance is fulfilled by quality whole life plans.

It is a whole life plan by Birla Sun Life.  Minimum entry age is 1 year. Maximum entry age is 65 years. Minimum sum assured is Rs 100000/. Premium can be paid yearly, half yearly, quarterly or monthly. A premium rebate of 3% is available if the premium is paid annually. Premium rebate will be 1.5% if it is paid half yearly. Your life is covered up to 100 years (age). There will be a guaranteed survival benefit on this plan which ensures an amount at the end of GSB term. Monthly additions will be payable either on maturity or on death.

Death benefit

If the life insured dies within the GSB term, sum assured plus monthly additions will be the death benefit. If the life insured dies after the GSB term and before 100 years (age), sum assured will be given to the nominee. Minimum GSB term is 5 to 35 years.

You can take loans from this policy. If your policy acquired a surrender value, it is possible. The minimum loan amount is Rs 5000 and the maximum loan value is 90% of the surrender value. Interest will be charged on outstanding loan balance.


Different riders are available in this plan. They are Accidental death and disability, Critical illness, Surgical care, Hospital care and Waiver of premium benefits.

Tax benefits

Under 80 C, annual premium (Up to Rs 100000) will be deducted from taxable income. According to section 10 (10 d), death claim is absolutely tax free.

One Response to Birla Sun Life Vision Plan

  1. Louis says:

    If i pay 4000 per month for 35 years… I’ll get 1 Crore ( i.e. for sure ) also 20 Lac Life Cover.
    On death of Insurence holder, nominee will get 20 Lac + 4.5 % on premium Paid..

    One of the executive from policy bazaar explain me this about Birla Sunlife Vision Plan.. is this all treu ???

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