Birla Sun Life Insurance launches new endowment plan

Birla Sun Life Insurance has launched a traditional participating endowment plan — BSLI Vision Regular returns Plan — which offers liquidity, long-term savings and life insurance benefit. The traditional participating endowment policy offers secured growth on savings and regular liquidity to meet financial objectives of the customers. 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. The policy has tax benefits under Sections 80C, 80D and 10(10D) of the Income Tax Act,1961. A policy holder will start receiving returns every year starting from sixth year up until the end of policy term, thus infusing liquidity early on for a prolonged tenure. Says Jayant Dua, MD & CEO, Birla Sun Life Insurance: “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.”