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BSLI Protect@Ease Plan

BSLI Protect@Ease is an online term insurance plan available through the company’s website. The plan provides high coverage at very low rates

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The Policybazaar Advantage
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Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
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100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
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Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
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Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
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Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

Key Features

  • It is a pure term plan with Regular or Single premium payment option
  • There are 2 cover options of Level Term Assurance and Increasing Term Assurance
  • Under the Increasing Sum Term Assurance option, the Sum Assured can be chosen to increase @ 5% or 10% p.a.

Benefits

  • On Death, the Sum Assured on death is paid to the nominee.
  • The Sum Assured on death is higher of 10 times the annual premium or 105% of all premiums paid till death or the SA as on the date of death for regular pay plans.
  • For Single pay plans, the SA on death is higher of 125% of the Single Premium or the SA as on the date of death
  • The nominee can avail the entire death benefit in lump sum or take 20% of the benefit in lump sum on death and the remaining in annual instalments over a payout period of 10, 15 or 20 years @ 11%, 8.37% or 7.12% respectively
  • Income tax benefit on the premium paid as per Section 80C and on the claim received as per Section 10(10D) of the Income Tax Act.

Product Specification:

 

Minimum

Maximum

Entry Age (Last Birthday)

18 years

55 years

Maturity Age (Last Birthday)

-

80 years

Policy Term (PT) in years

5 years

30 years

Premium Paying Term (PPT) in years

Equal to policy term or Single Pay

Premium Paying Frequency

Annual, monthly

Yearly Premium

Depends on SA, age and term

Sum Assured

50,00,000

500 crores

Details about Premium

Premium in Rupees for an individual aged 35 years with coverage of 1 crore

Policy Term / Sum Assured Option

Smoker

Non-Smoker

10 years

20 years

30 years

10 years

20 years

30 years

Level

9345

12,705

17,903

7000

8950

12,400

Increasing @ 5%

10,973

18,480

31,343

8050

12,750

21,350

Increasing @ 10%

12,663

24,268

44,918

9150

16,550

30,300

Life Insurer Details

Policy Details

  • Grace Period: 30 days grace period is allowed for payment of premium. If policyholder fails to make payment within the grace period, the policy lapses
  • Policy Termination or Surrender Benefit: there is no Surrender Benefit under the plan except under the Single Premium option
  • Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 30 days of receipt of the policy documents, provided there has been no claim.

Additional Features or Riders

  • Lower rates for non-smokers and preferential non-smokers

Exclusions

  • If the insured commits suicide within 12 months of policy inception or revival, the company refunds higher of the premiums paid or the acquired Surrender value

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ online with accurate medical history.

Premium By Age

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

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