Apollo Munich Health Insurance Plans
Birla Sun Life Insurance Company Limited (BSLI) is formed as an alliance between the Aditya Birla Group and Sun Life Financial Inc., which is among the leading international financial services companies based out of Canada. The company has a customer base of over two million policy holders. The Company offers a complete range of plans comprising protection solutions, children’s future solutions, wealth with protection solutions, health and wellness solutions, retirement solutions and savings with protection solutions. Its distribution network is in over 500 cities, 560 branches, around 85,000 empaneled advisors and over 140 partnerships with corporate agents, brokers and banks.The company has pioneered the launch of Unit Linked Life Insurance plans and their vision is to be a leader and role model in integrated financial services. They value Integrity, commitment, passion, seamlessness and speed.
Why Term Insurance Plans?
The plan promises a considerable sum of money in difficult times when the family needs a source of income after the death of the breadwinner. By providing this source of income, term plans take away a great deal of financial burden faced by the deceaseds family. Moreover, the plans are priced very low and thus become easily affordable by every individual. This plan is the basis of life insurance and should be bought to secure your family.
For how long should a decreasing term life insurance policy be taken?
Since a decreasing term plan is bought to cover a specific loan or mortgage, you should ideally buy it for a term equal to the loan repayment term. So if you have taken a loan for 20 years, buy a decreasing term plan for 20 years as well. The plan will work in coordination with the loan and as you pay the loan off, the sum assured of the insurance plan will decrease too and with the complete repayment of the loan, the policy will terminate as well. It does not make sense to buy such a plan if you do not have a mortgage to cover.
Applying for a Term Insurance Plan from the company
Birla Sun Life offers specific life insurance plans which are available online only. The customer only needs to log into the companys website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued
Plans which are not available online can be purchased from agents, brokers, banks, etc. where the intermediaries help with the application process.
Applying For Term Insurance through PolicyBazaar
On the PolicyBazaar homepage, click on Term Insurance under the Personal tab.
Click New Quotes to compare and choose from top insurance providers.
Fill your date of birth (DOB), whether you are a smoker/non-smoker, and the payout amount. On the basis of your payout amount, you will get an estimate of your premium. Next click Continue.
Fill in your name, email address, city, country code, and mobile number. Click Continue.
You will be taken to the Life Insurance quotes page where you will see life insurance quotes of more than 10 insurers. Next, choose the plan as per payment schedule – One Time Payout and Monthly Payout Plans.
After reviewing and comparing each life insurance quote, click the premium amount to buy the desired plan.
You will see a pop-up on the screen which will give you an overview of the chosen plan like premium, plan features, exclusions, additional riders, etc. Click Proceed.
This will take you to the insurers website. You will have to fill in the necessary details to buy the plan.