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]:
[Link] & 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
:- [Link] ; [Link]......................................................6
Courtesy - [Link]
Courtesy - [Link]................................................................15
Assignment 4................................................................................. .................16
4] Name & briefly describe the various insurance policies of:- 1] Birla Sunlife
Insurance Company 2] ICICI Prudential Insurance Company. WEBSITES:-
[Link] ; [Link] ......................................................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]: [Link] &
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 [Link]
PRIVATE SECTOR
Allianz Bajaj Life Insurance Company Limited [Link]
Birla Sun-Life Insurance Company Limited [Link]
HDFC Standard Life Insurance Co. Limited [Link]
ICICI Prudential Life Insurance Co. Limited [Link]
ING Vysya Life Insurance Company Limited [Link]
Max New York Life Insurance Co. Limited [Link]
MetLife Insurance Company Limited [Link]
Om Kotak Mahindra Life Insurance Co. Ltd. [Link]
SBI Life Insurance Company Limited [Link]
TATA AIG Life Insurance Company Limited [Link]
AMP Sanmar Assurance Company Limited [Link]
Dabur CGU Life Insurance Co. Pvt. Limited [Link]
GENERAL INSURERS
PUBLIC SECTOR
National Insurance Company Limited [Link]
New India Assurance Company Limited [Link]
Oriental Insurance Company Limited [Link]
United India Insurance Company Limited [Link]
PRIVATE SECTOR
Bajaj Allianz General Insurance Co. Limited [Link]
ICICI Lombard General Insurance Co. Ltd. [Link]
IFFCO-Tokio General Insurance Co. Ltd. [Link]
Reliance General Insurance Co. Limited [Link]
Royal Sundaram Alliance Insurance Co. Ltd. [Link]
TATA AIG General Insurance Co. Limited [Link]
Cholamandalam General Insurance Co. Ltd. [Link]
Export Credit Guarantee Corporation [Link]
HDFC Chubb General Insurance Co. Ltd. REINSURER General Insurance
Corporation of [Link]
Courtesy
[Link]
[Link]
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
[Link] Alliance (Vehicle Insurance )
2. Jeevan Varsha (Money back Plan)
Shobha Singh
[Link] surakhsha LIC (Insurance coverage Pension plan)
[Link] varsha LIC(Money back)
[Link] sun life
[Link] insurance for vehicle
[Link] 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 :- [Link] ;
[Link]
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://[Link]/
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 [Link] 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 - [Link]
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 four-
wheelers, 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 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.
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 Birla Sun Life Insurance Premium Back
Term Plan
Saving
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
