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VIM

Risk & Insurance Management Submitted to: Professor Ms , Faculty of Economics Studies, VIM By: Pallavi Talele

4/4/2009

TABLE OF CONTENTS Assignment 1................................................................................... .................3 1] Visit website of the Insurance Regulatory & Development Authority [IRDA]: irdaindia.org & familiarise yourself with the contents of the site. Also prepare a table containing the following information:- - List of general insurance companies - List of life insurance companies - Indian & Foreign promoters, if any, of these companies...................................................................................3 LIFE INSURERS Websites Public Sector .........................................................4 Assignment 2................................................................................... .................5 2] Look at your own life insurance policy & decide which type of policy do you own. Do the same for at least two of your friends............................................6 Assignment 3................................................................................... .................6 Briefly describe the various insurance covers offered by:- 1] Tata AIG Insurance Company 2] Aviva Life Insurance Co. Pvt. Ltd. ( AVIVA ). WEBSITES :- www.tata-aig.com ; www.avivaindia.com......................................................6 Courtesy - http://www.tata-aig-life.com/........................................................8 Courtesy - www.avivaindia.com................................................................15 Assignment 4................................................................................. .................16 4] Name & briefly describe the various insurance policies of:- 1] Birla Sunlife Insurance Company 2] ICICI Prudential Insurance Company. WEBSITES:www.myiris.com ; www.iciciprulife.com ......................................................16 ICICI Prudential Life Insurance Company, ICICI Lombard Insurance Plans.......17 ....................................................................................... .........................19 Family Floater Health Plan – Introduction.................................................19 ....................................................................................... .........................19 Overseas Travel Plan ...............................................................................20 BirlaSunLife - Insurance...............................................................................20 Birla Sun Life Insurance offers an array of Individual life cover plans to meet your Protection, Savings and Retirement needs..............................20 Individual.................................................................................. ...................21 Group Life.............................................................................. ......................22 NRI................................................................................................. ..............23

ASSIGNMENT 1 1] VISIT WEBSITE OF THE INSURANCE REGULATORY & DEVELOPMENT AUTHORITY [IRDA]: IRDAINDIA.ORG & FAMILIARISE YOURSELF WITH THE CONTENTS OF THE SITE. ALSO PREPARE A TABLE CONTAINING THE FOLLOWING INFORMATION:- - LIST OF GENERAL INSURANCE COMPANIES - LIST OF LIFE INSURANCE COMPANIES - INDIAN & FOREIGN PROMOTERS, IF ANY, OF THESE COMPANIES.

Indian Insurance Companies: Indian insurance companies play a key role in India's financial sector. With India's population becoming more affluent and globalized, insurance is growing rapidly. This increasing market is creating considerable competition among Indian insurance companies in an industry that 20 years ago was relatively small. To date, India's Insurance Regulatory and Development Authority (IRDA), has granted registration to 12 private life insurance companies and nine general insurance companies. Counting the existing public sector insurance companies, there are currently 13 Indian insurance companies in the life side and 13 Indian insurance companies operating in general insurance. General Insurance Corporation has been approved as the Indian reinsurer for underwriting only reinsurance business. Particulars of the Indian insurance companies including both life insurance companies and general insurance companies are given below:

LIFE INSURERS WEBSITES PUBLIC SECTOR Life Insurance Corporation of Indiawww.licindia.com

PRIVATE SECTOR Allianz Bajaj Life Insurance Company Limited www.allianzbajaj.co.in Birla Sun-Life Insurance Company Limited www.birlasunlife.com HDFC Standard Life Insurance Co. Limited www.hdfcinsurance.com ICICI Prudential Life Insurance Co. Limited www.iciciprulife.com ING Vysya Life Insurance Company Limited www.ingvysayalife.com Max New York Life Insurance Co. Limited www.maxnewyorklife.com MetLife Insurance Company Limited www.metlife.com Om Kotak Mahindra Life Insurance Co. Ltd. www.omkotakmahnidra.com SBI Life Insurance Company Limited www.sbilife.co.in TATA AIG Life Insurance Company Limited www.tata-aig.com AMP Sanmar Assurance Company Limited www.ampsanmar.com

Dabur CGU Life Insurance Co. Pvt. Limited www.avivaindia.com

GENERAL INSURERS

PUBLIC SECTOR National Insurance Company Limited www.nationalinsuranceindia.com New India Assurance Company Limited www.niacl.com Oriental Insurance Company Limited www.orientalinsurance.nic.in United India Insurance Company Limited www.uiic.co.in

PRIVATE SECTOR Bajaj Allianz General Insurance Co. Limited www.bajajallianz.co.in ICICI Lombard General Insurance Co. Ltd. www.icicilombard.com IFFCO-Tokio General Insurance Co. Ltd. www.itgi.co.in Reliance General Insurance Co. Limited www.ril.com Royal Sundaram Alliance Insurance Co. Ltd. www.royalsun.com TATA AIG General Insurance Co. Limited www.tata-aig.com Cholamandalam General Insurance Co. Ltd. www.cholainsurance.com Export Credit Guarantee Corporation www.ecgcindia.com HDFC Chubb General Insurance Co. Ltd. REINSURER General Insurance Corporation of Indiawww.gicindia.com Courtesy http://www.economywatch.com/indianeconomy/indian-insurancecompanies.html

ASSIGNMENT 2

2] LOOK AT YOUR OWN LIFE INSURANCE POLICY & DECIDE WHICH TYPE OF POLICY DO YOU OWN. DO THE SAME FOR AT LEAST TWO OF YOUR FRIENDS

Pallavi Talele 1.Bajaj Alliance (Vehicle Insurance ) 2. Jeevan Varsha (Money back Plan) Shobha Singh 1.Jeevan surakhsha LIC (Insurance coverage Pension plan) 2.Jeevan varsha LIC(Money back) 3.Birla sun life 4.Reliance insurance for vehicle 5.National isurance corporation for vehicle Sonali Chavan 1. Bajaj Alliance unit gain plus gold 2. LIC Beema gold 3. HDFC Standard life insurance 4. National India Assurance(Vehicle)

ASSIGNMENT 3 BRIEFLY DESCRIBE THE VARIOUS INSURANCE COVERS OFFERED BY:- 1] TATA AIG INSURANCE COMPANY 2] AVIVA LIFE INSURANCE CO. PVT. LTD. ( AVIVA ).

WEBSITES :- WWW.TATA-AIG.COM ; WWW.AVIVAINDIA.COM

LIFE INSURANCE or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individual's or individuals' death or other event, such as terminal illness or critical illness. In return, the policy owner agrees to pay a stipulated amount called a premium at regular intervals or in lump sums. There may be designs in some countries where bills and death expenses plus catering for after funeral expenses should be included in Policy Premium. In the United States, the predominant form simply specifies a lump sum to be paid on the insured's demise. As with most insurance policies, life insurance is a contract between the insurer and the policy owner whereby a benefit is paid to the designated beneficiaries if an insured event occurs which is covered by the policy. The value for the policyholder is derived, not from an actual claim event, rather it is the value derived from the 'peace of mind' experienced by the policyholder, due to the negating of adverse financial consequences caused by the death of the Life Assured. To be a life policy the insured event must be based upon the lives of the people named in the policy. Insured events that may be covered include: •

Serious illness

Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; for example claims relating to suicide, fraud, war, riot and civil commotion. Life-based contracts tend to fall into two major categories: •



Protection policies - designed to provide a benefit in the event of specified event, typically a lump sum payment. A common form of this design is term insurance. Investment policies - where the main objective is to facilitate the growth of capital by regular or single premiums. Common forms (in the US anyway) are whole life, universal life and variable life policies.

TATA AIG LIFE INSURANCE COMPANY LIMITED (TATA AIG LIFE) Is a joint venture company, formed by the Tata Group and American International Group, Inc. (AIG). Tata AIG Life combines the Tata Group’s pre-eminent

leadership position in India and AIG’s global presence as one of the world’s leading international insurance and financial services organization. The Tata Group holds 74 per cent stake in the insurance venture with AIG holding the balance 26 per cent. Tata AIG Life provides insurance solutions to individuals and corporates. Tata AIG Life Insurance Company was licensed by Insurance Regulatory and Development Authority to operate in India on February 12, 2001 and started operations on April 1, 2001.

COURTESY - HTTP://WWW.TATA-AIG-LIFE.COM/

For Individual

Each one of us is unique. Yet many of us share the same concerns over the course of our lives. For instance, you may have asked yourself, “Who will take care of my family if something happens to me?” Tata AIG Life is here to help provide answers to questions just like that one. For example, if you:



• • • • •

Are hospitalized or have a prolonged illness? See Tata AIG Life InvestAssure Health & Tata AIG Life Health First & Tata AIG Life Health Protector - 5 Year Guaranteed Renewal Accident and Health Plan Cover your hospitalisation expenses and get your money back.See Tata AIG Life Hospi CashBack Want your children to have a steady income, no matter what happens? See Tata AIG Life MahaLife Gold Stay protected against 12 critical illnesses. Get your life back and your money. See Tata AIG Life Health Investor Want a safety net and more control over your returns? See Tata AIG Life InvestAssure II Want a policy which generates better returns with low level of risk? See Tata AIG Life InvestAssure Apex

• • • • •

• • •

• •

Want a unit linked insurance plan with inbuilt Critical Illness benefit? See Tata AIG Life InvestAssure Care Want a unit-linked insurance plan with an in-built Payor Benefit? See Tata AIG Life InvestAssure Extra Want a unit linked endowment investment plan with a host of flexible features? See Tata AIG Life InvestAssure Flexi Reap attractive rewards for a lifetime with a whole life unit linked plan. See Tata AIG Life InvestAssure Gold Want a plan that enables you to grow your investment through high allocation and a guaranteed maturity bonus? See Tata AIG Life InvestAssure Insta Want a unit-linked policy with a single-premium paying term? See Tata AIG Life InvestAssure Plus Want to optimize your return, and protect yourself against any unforeseen eventuality? See Tata AIG Life InvestAssure Optima Don’t want to face financial risk, but can’t afford high premiums? See Tata AIG Life Assure One year/ Five Years/10 Years/ 15 Years / 20 Years / 25 Years Lifeline Plans, and Term to age 60 known as Assure Lifeline to Age 60 Want your money back if you outlive your policy? See Tata AIG Life LifePlus Want coverage and the flexibility to get your money when you need it? See Tata AIG Life Assure 21 years Money Saver



Want safety and high returns? See Tata AIG Life Assure 10 Years / 20 Years / 30 Years Security & Growth Plans



Want a low-cost term plan which offers a large cover? See Tata AIG Life Raksha 10/15/20/25 Want high returns at a low premium? See Tata AIG Life ShubhLife Keep your capital safe and growing with Tata AIG Life Assure Golden Years Plan Want an immediate annuity plan with Return of Purchase price? See Tata AIG Life Easy Retire

• • • •

Tata AIG Life realizes that you want the best for your children. We can help you ensure they have: • • • • •

Ample money available to pay for education or marriage with Tata AIG Life Assure 21 years Money Saver A steady, lifetime income with Tata AIG Life MahaLife Gold Want a safety net and more control over your returns? See Tata AIG Life InvestAssure II Want a unit-linked policy with a single-premium paying term? See Tata AIG Life InvestAssure Plus The money they need to start a successful career with Tata AIG Life Assure Career Builder

• • •

• • • • • • • •



Financial support to receive the best education possible with Tata AIG Life Assure Educare at 18 & Assure Educare at 21 The very best college & post graduate education with Tata AIG Life Starkid Watch your savings grow as fast as your child’s aspirations with Tata AIG Life United Ujjwal Bhavishya Keep your capital safe and growing with Tata AIG Life Assure Golden Years Plan Want an immediate annuity plan with Return of Purchase price? See Tata AIG Life Easy Retire Provide a stable, lifetime income for you and your family with Tata AIG Life MahaLife Gold Give you the flexibility to choose when to retire with Tata AIG Life Nirvana Want a safety net and more control over your returns? See Tata AIG Life InvestAssure II Reap attractive rewards for a lifetime with a whole life unit linked plan. See Tata AIG Life InvestAssure Gold Want a custom-made retirement solution? See Tata AIG Life InvestAssure Future Guarantee additions to your sum assured with Tata AIG Life Nirvana Plus Want a regular income after you retire? See Tata AIG Life InvestAssure Swarna Jeevan

For Corporate

For any corporation, its employees and customers are its greatest assets. And it is important for the organization to take the necessary measures from time to time to maintain their motivation levels. Offering security to them and their families with insurance cover is one way to show that you care. We also offer solutions for managing the liabilities on Gratuity and Superannuation products for the employees. Our range of corporate life insurance products include: • • • •

Employee Benefits Credit Life Group Pensions Workplace Solutions

Discover how each product can be a tool for increasing employee loyalty along with providing tax benefits.

Employee Benefits

The Employee Benefits Division is a specialised department within the company specifically dealing with corporate insurance plans. This division currently operates from the Tata AIG Life Insurance Company Limited - Head Office in Mumbai and from Regional Offices in Delhi, Kolkata and Bangalore. Employee Benefits division comprise of highly motivated and trained professionals. Back Office Operations are supported by COMPASS – a global administration platform that provides the backbone for client servicing, actuarial reserving and reporting – essential for a growing portfolio of group business. We have the following insurance products for Employee Benefits. Click on the relevant link below to find the plan that is right for your needs. If you want a customizable insurance plan that covers your employees against death or terminal illness, see Tata AIG Life Group Term Life. If you want a better option for covering your employees than your existing EDLI scheme, see Tata AIG Life Group Term Life in Lieu of EDLI. If you want to cover your employees or customers against the risk of serious illnesses, see Tata AIG Life Group Health Plus. Get a comprehensive life insurance cover with double insurance benefit in case of Accidental Death; see Tata AIG Life Group Life Protector Plus. Credit Life

We have the perfect plan to fit any insurance need you may have. Click on the relevant link below to find the plan that is right for you. •

To ensure that the outstanding credit card balance your customers have is covered in case of their unfortunate demise, see Tata AIG Life Group Credit Card Term Insurance Protection Plan & Credit Shield Plus.



If you want to cover your employees or customers against the risk of serious illnesses, see Tata AIG Life Group Health Plus.



Get a comprehensive life insurance cover with double insurance benefit in case of Accidental Death, see Tata AIG Life Group Life Protector Plus.



To ensure the mortgage obligations of your customers are covered in case of their unfortunate demise, see Tata AIG Life Group Single Premium Mortgage Reducing Term Insurance Plan / Tata AIG Life Group Regular Premium Mortgage Reducing Term Insurance Plan .



To ensure that the short term or unsecured loan obligations of your customers are covered in case of their unfortunate demise, see Tata AIG Life Group Single Premium Personal Loan Reducing Term Insurance Protection Plan / Tata AIG Life Group Regular Premium Personal Loan Reducing Term Insurance Protection Plan .

Flexibility The credit life insurance programs can be tailor made to meet the unique features of the lender’s loan portfolio. Program design will depend on various factors including the following: • • • • •

Group size Total loan portfolio Maximum coverage amount required Age distribution of borrowers Coverage Amount: It could be level or reducing, usually adhering to the loan repayment pattern





Premium Rate: It can be any one of the following - age specific, age banded or common rate depending upon the nature of the loan obligation Premium mode: Choices of Premium Payment Method/Frequency can be opted to meet lender’s system and manpower support

The Advantages of Group Credit Insurance For the Lender • • •

A tool to attract and retain loyal customers Eliminates the burden of debt collection if the default of payment is caused by the death or disability of the borrower Product differential in an increasingly competitive market

For the Borrower • • •

Peace of Mind Emergency aid to cover debt in the event of misfortune Saves time and effort in arranging individual insurance

Tax Benefits •

You are eligible for Tax benefit as per the current tax laws.

Group Pensions

Tata AIG Life offers you two platforms - Traditional Fund & Unit-Linked Fund. Tata AIG Life is the only Insurance Company in India that offers both, Traditional & Unit Linked Schemes for Gratuity as well as Superannuation Schemes. The Traditional Fund offers a steady and more disciplined growth, whereas the Unit Linked Funds are market linked with options to invest up to 60% in equity funds. Tata AIG Life offers a transparent mechanism of Unit Linked Fund Management with five types of funds – Bond, Growth, Balanced, Equity and Short Term Fixed Income Fund.

An employer can select any combination between Traditional and Unit Linked plans - with or without exposure to equity funds. To help clients capitalize on market variances, Tata AIG Life also offers the option of switching between Unit Linked plans. Tata AIG Life’s Fund Management process follows an approach that ensures excellent fund management and strict compliance to internal and external regulations. We have a strong In-house Fund Management Team and a Board Level Investment Committee that takes decisions with regard to your investments. Our Actuarial and Compliance teams ensure internal and external compliances to issues like investments, procedures and solvency margin. We have the perfect plan to fit any Retirement Benefit need you may have. Click on the relevant link below to find the plan that is right for you.

Tata AIG Life Comprehensive Superannuation Scheme Policy. Tata AIG Life Comprehensive Gratuity Scheme. Tata AIG Life Group Immediate Annuity with return of Purchase Price. Tata AIG Life Retirement Assure Group Superannuation Scheme (Unit Linked). Tata AIG Life Retirement Assure Group Gratuity Scheme (Unit Linked).

Introducing Workplace Solutions - an aid in managing your company’s human resources. A company is only as good as its employees. That is why attracting and retaining quality employees is a major concern for the HR department of any company. Tata AIG Life seeks to assist you in addressing some of these and other concerns through Workplace Solutions. Through Workplace Solutions, we intend to provide voluntary insurance products to your employees at the workplace with your endorsement and at no cost to the company How does your Company benefit? • • • •

Comprehensive insurance products to enhance your current employee benefit plan at no employer cost Helps control the cost of providing employee benefits Flexible plan designs Convenience of payroll deduction

• • • •

No administrative burden due to the co-ordination and flexibility of voluntary benefit options with your payroll services Improved goodwill amongst the employees Improved employee moral and productivity Reduced attrition rate

How do your Employees benefit? • • • • • •

Increases their knowledge of existing benefits Provides an expanded list of benefits to choose from Allows freedom of product choice in the absence of sales pressure All benefit options are based on their personal needs and priorities Convenience of personal counselling provided at the workplace Payroll deduction ensures that the employee's pay is invested optimally

AVIVA PLC(LIFE INSURANCE) (LSE: AV.) is the world's fifth-largest insurance group, the largest insurance group in the UK and the second-largest insurance group in Canada. It is one of the leading providers of life and pension products in Europe and has a presence in 27 countries worldwide, notably France and The Netherlands. The Company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

COURTESY - WWW.AVIVAINDIA.COM Individual At Aviva we are dedicated to helping you make the most out of your life, and that includes all your savings and protection requirements. We are here when you need to make informed financial decisions - for you, and for your loved ones. We offer products under the following six categories for individuals 1. Whole Life - As the name suggests, these products continue throughout your life and pay out to your dependants only upon your death. These are useful if you want to create a financial corpus for your family. •

LifeLong



Aviva Lifeline

2. Pure Term -Pure term products are designed to provide your dependants financial protection at a low cost in case of your death.

Group Our Group products are designed keeping in mind the special requirements of organisations and large groups CreditPlus LoanSuraksha CorporateLife CreditNet Superannuation GroupShield

Rural At Aviva we have specially designed products for the rural sector Amar Suraksha Jana Suraksha

ASSIGNMENT 4 4 ] N AME & BRI E FLY DES CRI BE THE VARI O US I NS UR ANCE PO LI CIE S O F: - 1 ] BI RL A S UNLI FE I NS UR ANCE CO MPAN Y 2] I CI CI P RUDE NTI AL I NS UR ANCE CO MPANY. WE BSI TE S: - WW W. M YI RI S . CO M ; WWW. I CI CIP RULI FE . CO M

GENERAL INSURANCE or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance typically comprises any insurance that is not determined to be life insurance. It is called property and casualty insurance in the U.S.. In the UK, General insurance is broadly divided into three areas; personal lines, commercial lines and London market. The London market insures large commercial risks, for example insuring supermarkets, football players and other very specific risks. It consists of a number of insurers, reinsurers, [P&I Clubs], brokers and other companies that are typically physically located in the City of London. The Lloyd's of London is a big participant in this market.[1] The London Market also participates in personal lines and commercial lines, domestic and foreign, through reinsurance. Commercial lines products are usually designed for relatively small legal entities. These would include workers comp (employers liability), public liability, product liability, commercial fleet and other general insurance products sold in a relatively standard fashion to many organisations. Personal lines products are designed to be sold in large quantities. This would include autos (private car), homeowners (household), pet insurance, creditor insurance and others.

ICICI PRUDENTIAL LIFE INSURANCE COMPANY, ICICI LOMBARD INSURANCE PLANS ICICI Insurance has two faces - ICICI Prudential Life Insurance Company and ICICI Lombard General Insurance Company Limited. ICICI Prudential Life Insurance is a 74:26 joint venture between ICICI Bank

India Ltd. and Prudential PLC based in UK. Established in 2000, today ICICI Prudentials has 735 offices, 22 Bancassurance partners and over 2.4 lakh advisors. Having won public accolade as the most trusted private life insurer in India, ICICI Prudential Life Insurance Co Ltd brings a wide array of life insurance products to the customers.

Business Solutions • • • • • • • • • • • •

Burglary Insurance Industrial All Risk All Risk Insurance Consequential Loss (Fire) Insurance Electronic Equipment Insurance Fidelity Insurance Fire and Special Perils Tea Corp Insurance Marine export import Machinery Boiler Insurance Inland Transit Insurance

Project Solutions • • • •

Contractors' All Risk Contractors' Plant & Machinery Erection All Risk Performance Guarantee

Liability Solutions • • • • • •

Director's & Officers Liability Event Insurance Product Liability Public Liability Workmen's Compensation Professional Indemnity

Export Solutions • •

Export Import Transit Export Credit

Travel Insurance

• • • • • •

Domestic Travel Individual Overseas Travel Student Overseas Travel Senior Citizen Overseas Travel Corporate Overseas Travel Pravasi Bhartiya Bima Yojana

Motor Insurance • •

Two Wheeler Four Wheeler

CAR INSURANCE - INTRODUCTION ICICI Lombard brings to you a comprehensive Package Policy for your fourwheelers, which covers Loss or damage to the vehicle insured, Personal Accident and Third Party Liability.

FAMILY FLOATER HEALTH PLAN – INTRODUCTION

ENJOY THE BENEFITS OF COVERING YOUR ENTIRE FAMILY UNDER ONE POLICY. PIONEER IN THE FLOATER CONCEPT, ICICI LOMBARD'S FAMILY FLOATER POLICY TAKES CARE OF THE MEDICAL EXPENSES DURING SUDDEN ILLNESS, SURGERIES, ACCIDENTS AND AGAINST TERRORISM AND ACTS OF TERRORISM. WHATS MORE? YOU ALSO AVAIL OF TAX BENEFITS UNDER SECTION 80 D. CALCULATE YOUR EXACT TAX GAIN THROUGH OUR ONLINETAX CALCULATOR.

HOME INSURANCE - INTRODUCTION It is imperative that you secure your home from natural and man-made catastrophes. Our Home Insurance Plan ensures you peace of mind by protecting the structure and the contents of your home.

STUDENT MEDICAL INSURANCE

Plus Plan - Introduction Student Medical Insurance covers unexpected and unplanned medical and non-medical expenses when you are studying abroad. In order to faciliate greater access to quality health care, we have partnered with leading USbased Health Care provider UnitedHealth Group, to provide you access to United Health Care's network of hospitals and physicians when in the US. Student Medical Insurance Plus Plan is an add-on cover to fulfill the various criteria of universities abroad. It covers treatment for mental and nervous disorders, including alcoholism and drug dependency, in-patient medical expenses related to pregnancy, medical expenses for inter-collegiate sports injuries, cancer screening & mammography examinations and childcare benefits. Click here to find your university specific insurance details. Note: If your university doesn't grant insurance waiver, you can avail premium refund within 30 days from inception, provided no claims have been made in the same period.

OVERSEAS TRAVEL PLAN Platinum Plan Overseas Travel Insurance covers unexpected and unplanned medical and non-medical expenses when you are abroad. Our plan is the most preferred amongst other travel insurers because we cover pre-existing disease in life-threatening emergency situations. In order to faciliate greater access to quality health care, we have partnered with leading US-based Health Care provider UnitedHealth Group, to provide you access to United Health Care's network of hospitals and physicians when in the US. All overseas travel policies charge premium on a slab basis. Which means if you are on a 16-day trip, you end up paying for 21 days, as the slab is 14 to 21 days. But with us you ‘pay per day’, you only pay for the days you travel. In case of insurance cover for senior citizens between 71 years to 85 years of age please click here For cashless settlement of claims, contact us at +91 11 4189 8800.

BIRLASUNLIFE - INSURANCE BIRLA SUN LIFE INSURANCE OFFERS AN ARRAY OF INDIVIDUAL LIFE COVER PLANS TO MEET YOUR PROTECTION, SAVINGS AND RETIREMENT NEEDS.

About Birla Sun Life Insurance Company Limited Birla Sun Life Insurance pioneered the unique Unit Linked Life Insurance Solutions in India. Within 4 years of its launch, BSLI has cemented itsposition as a leading player in the Private Life Insurance Industry. There has been focus on Investment Linked Insurance Products, supported with protection products to maintain leadership in product innovation. Multi Distribution Channels- Direct Sales Force, Alternate Channels and Group offering convenient channels of purchase to customers. Web-enabled IT systems for superior customer services. First to have issued policies over the Internet. Corporate governance and a high degree of transparency in all business practices and procedures. First to have an operational Business Continuity Plan. Strong fundamentals based on the Aditya Birla group's local insight and Sun Life financials's global expertise.

INDIVIDUAL

Protection Birla Sun Life Insurance Term Plan Term Plan

Saving

Birla Sun Life Insurance Premium Back

Birla Sun Life Insurance Guaranteed Bachat Plan Birla Sun Life Insurance Money Back Plus Plan Birla Sun Life Insurance Gold-Plus II Birla Sun Life Insurance Saral Jeevan Plan Birla Sun Life Insurance Supreme-Life Birla Sun Life Insurance Dream Plan Birla Sun Life Insurance ClassicLife Premier Birla Sun Life Insurance SimplyLife Birla Sun Life Insurance PrimeLife Premier Birla Sun Life Insurance PrimeLife Birla Sun Life Insurance Flexi Cash Flow Birla Sun Life Insurance Flexi Save Plus Birla Sun Life Insurance Flexi Life Line Birla Sun Life Insurance Single Premium Bond

Health Solutions BSLI Health Plan

BSLI Universal Health Plan

Retirement

Birla Sun Life Insurance Freedom 58 Birla Sun Life Insurance Flexi SecureLife Retirement Plan II

Rural Birla Sun Life Insurance Bima Suraksha Super Birla Sun Life Insurance Bima Dhan Sanchay Birla Sun Life Insurance Bima Kavach Yojana

GROUP LIFE Birla Sun Life Insurance Group Unit Linked Plan Birla Sun Life Insurance Group Protection Solutions

Birla Sun Life Insurance Group Superannuation Plan Birla Sun Life Insurance Group Gratuity Plan Birla Sun Life Insurance Credit Guard Plan

NRI NRIs have played a very significant role in one way or other in helping our country's economy grow. We at Birla Sun Life Insurance(BSLI) appreciate the effort put in by you all in trying to make India a major economic power. BSLI offers insurance solutions keeping in mind the needs of individual. It can be an ideal gift from you to your loved and dear ones in India, because no matter where you are we will be there to take care of your concerns back home.

Birla Sun Life Insurance PrimeLife Premier Birla Sun Life Insurance PrimeLife Birla Sun Life Insurance Flexi Life Line Plan Birla Sun Life Insurance Flexi Save Plus Birla Sun Life Insurance Flexi Cash Flow Birla Sun Life Insurance ClassicLife Premier Birla Sun Life Insurance Single Premium Bond Birla Sun Life Insurance SimplyLife

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