Birla Sun Life Medicare plans

Our Banking Bureau
29 October 2003

Mumbai: An increasing pace of life and a high level of stress are the major factors affecting health today. The huge medical bills can be a major drain on resources in the event of any critical illness, especially if the earning member of the family were to be affected.

Keeping these factors in mind, Birla Sun Life Insurance (BSLI) has launched Birla Sun Life Medicare Plans, which combine the security of life insurance with health-related protection. Both plans are very affordable.

Says BSLI CEO Nani Javeri: "At Birla Sun Life Insurance, we understand how important it is for you and your loved ones to have the security of a life insurance plan coupled with critical illness protection. This is exactly why we are launching a highly-affordable life insurance plan with health-related protection."

There are two plan options available as under:

Option 1: The first option is a combination of a term plan and the critical illness benefit and it works as follows:
If the life insured is to suffer from any of the critical illnesses as covered under the plan, then the entire face amount of the critical illness benefit becomes payable to him/her. The base term plan continues till its maturity which means that in the unfortunate event of the policyholder's death during the tenure of the plan, the face amount of the term plan is payable additionally to the nominee.