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Insurance Company
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Birla Sun Life Insurance Company Ltd
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Plan Name
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Birla Sun Life Premium Back Term Plan
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Plan Nature
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TRADITIONAL
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Plan Category
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Protection Plan
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UIN No.
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109N010V01
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About Plan
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A unique Term Plan that offers you an assured sum throughout the specified term. Unlike other term plans, this one returns the entire amount of premium that you pay over a period of time. Moreover, this is a low cost insurance plan. So opt for our Premium Back Term Plan and rest assured, money will be the least of your worries tomorrow.
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Minimum Entry Age
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18 YEARS
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Maximum Entry Age
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55 YEARS (YOU SHOULD NOT BE MORE THAN 50 YEARS OF AGE FOR 20 YEAR TERM PLAN AND 55 YEARS FOR THE 10 AND 15 YEARS TERM PLAN
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Maximum Maturity Age
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70 YEARS
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Minimum Sum Assured
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RS 200000/-
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Minimum Policy Term
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10 YEARS
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Maximum Policy Term
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20 YEARS
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On maturity, the total premiums paid over the term, will be paid back to you
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Death Benefits
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In the event of death, the coverage face amount along with the premiums paid till date will be paid back to your nominee.
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Surrender Benefit
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The surrender value is available and it varies with the payment term as well as the policy year in which the plan is surrendered.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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Critical Illness Rider [109C001V01]
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Accidental Death & Dismemberment Rider [109C002V01]
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Waive of Premium [109C008V01]
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The surrender value is available and it varies with the payment term as well as the policy year in which the plan is surrendered.
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You could pay the premium on an annual, semi-annual, quarterly or monthly basis. You can avail of the Electronic Clearing Service (ECS) for paying your premiums. It is a very convenient method of paying your premiums through an electronic debit to your bank account.All the premiums paid back on Maturity or at death exclude any rider/extra premiums paid.
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You have the choice of three riders - Accidental Death and Dismemberment, Critical Illness and Waiver of Premium.
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13-Jul-09
20:14
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Birla Sun Life Insurance launched 'Super 20'
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25-Jun-09
11:26
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Birla Sun Life renewed bancassurance with Development Credit Bank
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20-Jun-09
11:46
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Investing Rs 500 cr in Life Insurance arm : Birla & Sun Life
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16-Jun-09
12:26
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Sun Life Financial acquires UK business of Lincoln National
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19-May-09
11:55
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Birla Sun Life paid Rs 1.25 lakh as settlement amount to SEBI
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15-May-09
12:26
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Claims outstanding ratio has been reduced by 100% : Birla SunLife Insurance
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29-Apr-09
10:26
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Birla Sun Life Insurance crosses Rs 10,000 cr in AUM
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08-Apr-09
08:56
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Birla Sun Life Insurance opens zonal office in Pune
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20-Jan-09
13:20
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Birla Sun Life to partner in micro insurance project
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10-Jan-09
10:20
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Birla Sun Life mutual dumps Satyam
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09-Jan-09
14:10
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Birla Sun Life enters the health space
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08-Jan-09
12:40
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BSLI enters health insurance buisness
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03-Dec-08
12:06
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Birla Sun Life CEO quits
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