1. CAN YOU BE SURE AS TO WHAT MAY HAPPEN TO “U” IN THE NEXT FEW MINUTES???????
2. DO YOU LOVE YOUR NEAR AND DEAR ONES AS MUCH AS YOU LOVE YOURSELF????
3. DO YOU WANT TO BE FINANCIALLY SECURE IN THE EVENT OF ANY UNFORSEEN CALAMITY???
4. Invest the next 15 minutes of your time to understand INSURANCE in the right perspective...
5. What is insurance? Insurance is a contract between two parties where one party (the insurer) agrees to protect the other party (the insured) in the event of any loss or unforeseen event. Insurance can be broadly classified into two categories – Life Insurance and Non Life Insurance. What do you mean by Premium payable on an insurance policy? Premium is the periodical amount that the insured needs to pay to the insurance company to enjoy the benefits of the insurance policy.
6. What do you mean by “sum assured”? Sum assured refers to the amount for which the insurance cover is taken. What is meant by death benefit? The amount received from the insurance company on the death of the insured is known as death benefit. What do you mean by “riders”? Riders are additional benefits that are added on to an insurance policy to make it more compatible to the needs of the policyholder. Riders are generally applicable only for life insurance and not for general insurance. .
7. What is surrender benefit? The sum of money an insurance company will pay to the policyholder in the event his or her policy is voluntarily terminated before its maturity or the insured event occurs What is maturity benefit? The amount received on the maturity of the policy is known as maturity benefit.
10. Serves as a financial buffer in the wake of any unfavorable and un-foreseen circumstances
11. Ensures that near and dear ones are not left in financial doldrums due to any exigency
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15. COMPANY PROFILE Launched just before 9 years but still managed to be amongst leading player(7th) in private insurance industry. Strong fundamentals based on the Aditya Birla Group’s local insight and Sun Life financials global expertise. Birla Sun Life Insurance pioneered the unique Unit Linked Life Insurance Solutions in India Having 1, 68,090 active advisors, and sold 2.5 million policies. Current AUM of BSLI stands Rs. 8165 crore as on February 28, 2009 In April 2009, achieved the landmark of processing 100% of its claims.
36. Riders Accidental Death Rider Accidental Death and Dismemberment Rider Term Rider Critical Illness Rider Waiver of Premium Critical Illness Plus Rider Critical Illness - Woman Rider
63. Looking to vest anytime between 10 years - 40 years from the entry age. Maximum vesting age is 90 years.
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66. 80CCC Deduction in respect of contribution to pension funds Maximum Rs. 1,00,000 Flexi Secure Life Retirement Plan and Freedom 58 from Birla Sun Life Insurance provides all the benefits. Sec 80 CCE Under Section 80CCE, the overall limit for deduction u/s 80C, u/s 80CCC and u/s 80CCD is Rs. 1,00,000.
80. ‘OLD HABITS DIE HARD’: Its still difficult task to win the confidence of public towards private company.
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82. Ques. Are you satisfied with the services provided by the company regarding new plans and schemes? Ques. Are you interested to make more investments in BSLI ?
83. Ques. Have you any other Insurance Plan apart from BSLI?