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Birla Sun Life Insurance Saral Health Plan
Unforeseen medical expenses can leave a serious dent in your savings. While you realise the need for a plan that covers you for medical expenses, you have always found the process of buying one cumbersome and lengthy. Presenting BSLI Saral Health Plan, a unit-linked health insurance plan that offers comprehensive cover for all medical expenses and that too without you having to undergo any medical tests.
This plan offers you:
The Saral process:
Based on your above choices, you will receive a host of benefits as below:
Your Investment Option
Disclaimers
 
This plan offers you:
 
  • Cover for hospitalisation expenses
  • Reimbursement of regular healthcare expenses
  • Critical illness cover
  • Terminal Illness and death benefit
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The Saral process:
 
  • Choose your pay term and health insurance benefit term from the options of 10 pay/10 term, 10 pay/20 term, 20 pay/20 term.
  • Choose your additional premium (if any), to enhance your health reimbursement benefit to meet your future health & medical related expenses.
  • Answer four health related Questions. No medical tests required.
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Based on your above choices, you will receive a host of benefits as below:
 

Health Insurance Benefit:

You can claim this benefit in case of Hospitalisation and/or Critical Illness during the health insurance benefit term. a. For hospitalisation beyond 48 hours, you will receive a specified amount upto a maximum of Rs.8,000 per day, depending on the nature of treatment involved. b. For one of the four covered critical illnesses (Heart Attack, Stroke, Cancer and Major Organ Transplant), you will receive a lump sum equal to Rs.20,000 x the policy year in which the illness occurs (e.g. if illness occurs in 3rd policy year, you receive Rs.20,000 x 3 = Rs.60,000). Your health insurance benefit is fixed at Rs.10 lakhs for the health insurance benefit term. For further details on the Health Insurance Benefit, please contact your financial advisor or refer to the product brochure.

Health Reimbursement Benefit:

To take care of your future health & medical related expenses, your policy premium is used to create a unit-linked fund. You can use this benefit to claim reimbursement of expenses such as dental treatment, pathology & diagnostic expenses, doctor’s fees etc. This reimbursement is free of charge 4 times a year, after completion of 5 policy years. Even after completion of your health insurance benefit term, you can continue to claim reimbursement of expenses to the extent of your Fund Value balance. All you have to do is provide us bills of expenses made to get the amount reimbursed.

Guaranteed Additions:

Your Fund Value will be boosted with Guaranteed Additions at the end of the health insurance benefit term, if all premiums are paid.
For details, please contact your financial advisor or refer to the product brochure.

Terminal Illness and Death Benefit:

In the unfortunate event of a terminal illness or condition, you can claim the full Fund Value without submission of bills. In the unfortunate event of death, the nominee will receive the Fund Value.

Current Tax Benefits:

Under Section 80D, premium amount up to Rs. 15,000 (Rs. 20,000 for senior citizens) per year is allowed as deduction from your taxable income each year.


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Your Investment Option
 

For your convenience, we offer one simple investment option – the LifeCycle Option. Under this option your portfolio will be structured according to your age and risk profile.

You can decide your approach towards investment - conservative, moderate or aggressive. We will then monitor and administer your portfolio, saving your time and effort involved in overseeing it. With your increasing age and changing risk profile, your investments will be automatically shifted from riskier assets to safer assets.

The premiums you pay will be invested between two investment funds – Maximiser (100% equity) and Income Advantage (100% debt). This will be done in a pre-determined proportion, based on the selected risk profile and your age when the premium is invested.

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Disclaimers
 

This is a non-participating unit linked health plan. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital market and the insured is responsible for his or her decision. Tax benefits are subject to changes in the tax laws. Insurance is the subject matter of the solicitation. Birla Sun Life Insurance, Saral Health Plan, LifeCycle Option, Income Advantage and Maximiser are only the names of the Company, Policy, Investment Options and the Investment Funds respectively and do not in any way indicate the quality of the Policy, Investment Funds or their future prospects or returns. Investment risk in investment portfolio is the borne by the policy holder.

 

UIN No. - 109L048V01
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Angel Financial Advisors Pvt. Ltd. is corporate agent of Birla Sun Life Insurance & ICICI Lombard.
CIN Number:U51900MH1996PTC100820
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