BSLI Protector Plus


You are successful in your career and your family looks upon you for your support and strength. You have till now given the best to your family. However when it comes to planning for unforeseen circumstances, you need a powerful solution that meets different expectations and gives financial protection to your family. To deal with the uncertainties of life and give your family the best, Birla Sun Life Insurance has come up with the perfect protection solution for you. Introducing the BSLI Protector Plus Plan, a plan with a higher sum assured, so that your family stays protected, even when you are not around.


  • Complete financial protection at an affordable cost
  • Hedge against the rising cost of living with an option of increasing Sum Assured
  • Rewards for a healthy lifestyle
  • Enhanced protection with inbuilt Total and Permanent Disability cover
  • Option to receive death benefit as Annual Income
  • Enhance your insurance with appropriate rider options
  • Income Tax benefits as per prevailing norms under the Income Tax Act, 1961


Entry Age 18 to 65 years of age
Sum Assured Option I – Level Sum Assured
II – Increasing Sum Assured
Policy Term 5 to 30 years, subject to max age on maturity: 70 years
Premium Paying Term Regular Pay
Premium Mode Annual | Semi-annual | Quarterly | Monthly
Sum Assured Min. Rs. 30,00,000
Max. No Limit (subject to underwriting guidelines)
Premium Min. Rs. 3,024


BSLI Protector Plus Plan offers you the freedom to choose your sum assured options at inception depending on your needs.

  1. Level Sum Assured: With this option, you choose the amount of protection you need at inception. Once chosen, your sum assured will remain constant for the entire policy term.
  2. Increasing Sum Assured: As you scale new heights in your life, your income rises and so does your responsibilities. With this option, your sum assured increases with your increasing responsibility. You can choose to enhance your sum assured by 5% simple p.a. or 10% simple p.a. at inception depending upon your needs. On every policy anniversary, your sum assured will increase by 5% or 10% of the initial sum assured without any increase in your premium amount. Note: In case of this option rider benefits, if opted for, shall be payable as per rider sum assured chosen at inception. You may choose to pay your premium yearly, half-yearly, quarterly or monthly, as per your convenience. Your annual premium will be multiplied by:
    • 1.000 for annual installments
    • 0.519 for half-yearly installments
    • 0.265 for quarterly installments; or
    • 0.090 for monthly installments
    For annual and half-yearly installments you can pay your premium by cash (up to Rs. 50,000), cheque, credit card, and direct debit. For monthly and quarterly installments you can pay by salary deduction or ECS only.
    BSLI Protector Plus Plan offers affordable and guaranteed protection. It offers an automatic premium reduction for non-tobacco users and healthy lifestyles. Below are sample annual premiums for a male aged 35 purchasing Rs. 10,000,000 of Sum Assured
Policy Term 10 years 20 years 30 years 10 years 20 years 30 years 10 years 20 years 30 years
Sum Assured Option Smoker Non-Smoker Preferred Non-Smoker
Level 14,590 20,070 27,530 11,390 14,890 20,080 10,630 13,670 18,260
Increasing @ 5% 1 16,470 27,620 45,090 12,540 19,600 31,430 11,720 17,790 28,160
Increasing @ 10% 18,590 35,370 62,780 13,900 24,620 42,880 12,810 22,150 38,270
Premiums shown above are prior to service tax and education cess as applicable.

BSLI Protector Plus Plan offers automatic premium reduction to women. Below are sample annual premiums for a female aged 35 purchasing Rs. 10,000,000 of Sum Assured.

Policy Term 10 years 20 years 30 years 10 years 20 years 30 years 10 years 20 years 30 years
Sum Assured Option Smoker Non-Smoker Preferred Non-Smoker
Level 12,710 16,200 21,810 10,060 12,310 16,040 9,430 11,380 14,650
Increasing @ 5% 1 14,160 21,740 35,270 11,020 15,700 24,680 10,290 14,350 22,210
Increasing @ 10% 15,710 27,550 48,760 12,080 19,470 33,490 11,220 17,590 29,900
Premiums shown above are prior to service tax and education cess as applicable.

Please ask your financial advisor or visit our website to determine the premium rate applicable for your policy.

Death Benefit

In case of the unfortunate demise of the life insured during the policy term, the Sum Assured on Death will be paid to the nominee. The policy shall be terminated once the Death Benefit is paid.

Sum Assured on Death will be higher of -
  • 10 times of the annualised premium
  • 105% of all the premiums paid as on the date of death
  • Sum Assured at date of death
The nominee has an option to take the Sum Assured on Death as follows:
  • Lump sum payment or;
  • Staggered payment as explained below
  • One-time payout of 20% of Sum Assured on Death at the time of claim settlement;
  • Annual income as a fixed percentage of Sum Assured on Death will be payable on each death anniversary of the life insured over the chosen payout term. The fixed percentage of Sum Assured on Death for different payout terms to calculate the annual income is given below:

Payout term % of Sum Assured on Death
10 11%
15 8.37%
20 7.12%

In case the nominee would like to get a lump sum instead of the staggered payout post exercising this option, a discounted value of the outstanding annual income shall be paid as lump sum subject to a minimum of the Sum Assured on Death payable less annual income payouts already paid. The discounted value currently shall be calculated using an interest rate of 6.25% per annum. This is subject to change with prior IRDAI approval.

Total and Permanent Disability (TPD) Benefit

In case of the life insured suffering from Total and Permanent Disability during the policy term described later in detail, 50% of the sum assured at inception subject to a maximum of Rs 50,00,000 will be paid to the life insured. Death Benefit under the policy will remain unaffected.

Maturity Benefit

In the event the life insured survives to the end of the policy term, no benefit is payable on maturity and the policy shall be terminated thereafter.
This plan offers no policy loan, surrender value, or paid-up value.

Customisable Benefits

For added protection, BSLI Protector Plus Plan can be enhanced by the following riders for a nominal extra cost.

  • BSLI Accidental Death and Disability Rider (UIN: 109B018V03)
  • BSLI Critical Illness Rider (UIN: 109B019V03)
  • BSLI Surgical Care Rider (UIN: 109B015V03)
  • BSLI Hospital Care Rider (UIN: 109B016V03)
  • BSLI Waiver of Premium Rider (UIN: 109B017V02)
  • BSLI Accidental Death Benefit Rider Plus (UIN: 109B023V01)

Please refer to detailed brochures on riders, consult your financial advisor or visit our website for further details.

More Benefits

Current Tax Benefits - As per extant tax laws, this plan offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961, subject to fulfillment of the other conditions of the respective sections prescribed therein.
You are advised to consult your tax advisor for details.
Service Tax and other levies, as applicable, will be extra and levied as per the extant tax laws.


Total and Permanent Disability (TPD)

Total and Permanent Disability (TPD) is defined as the loss of the physical ability through an illness or injury to do at least 3 of the 6 tasks listed below ever again:

  1. Bathing - the ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash satisfactorily by other means
  2. Dressing - the ability to put on, take off, secure and unfasten all garments and, as appropriate, any braces, artificial limbs or other surgical appliances
  3. Getting in and out of bed - the ability to move from a bed to an upright chair or wheelchair and vice versa
  4. Maintaining personal hygiene - the ability to maintain a satisfactory level of personal hygiene by using the toilet or otherwise managing bowel and bladder function
  5. Feeding oneself - the ability to feed oneself once food has been prepared and made available
  6. Getting between rooms – the ability to move indoors from room to room on level surface The attending specialist medical practitioner must reasonably expect that the disability will last throughout life with no prospect of improvement, irrespective of when the cover ends or the life insured expects to retire. The life insured must need the help or supervision of another person and be unable to perform the task on their own.

The disability should last for continuous period of at least 180 days following the date of the event causing the disability to be eligible for Total and Permanent Disability benefit. If the life insured dies during this period no benefits shall be payable under Total and Permanent Disability.
Total and Permanent Disability should occur independently of any other causes within 90 days of such injury.
Injury means wound or trauma; harm or hurt; caused solely by external, violent, unforeseeable and visible means.


Free-Look Period

You will have the right to return your policy to us within 15 days (30 days in case the policy (2) issued under the provisions of IRDAI Guidelines on Distance Marketing of Insurance products) from the date of receipt of the policy. We will refund the premium paid once we receive your written notice of cancellation (along with reasons thereof) together with the original policy documents. We will deduct proportionate risk premium for the period of cover and expenses incurred by us on medical examination and stamp duty charges while issuing your policy
* Distance Marketing includes every activity of solicitation (including lead generation) and sale of insurance products through voice mode, SMS electronic mode, physical mode (like postal mail) or any other means of communication other than in person.

Grace Period & Reinstatement

If you are unable to pay your premium by the due date, you will be given a grace period of 30 days and during this grace period all coverage under your policy will continue. If you do not pay your premium within the grace period, your policy will lapse and all insurance will cease immediately.
You can reinstate your policy for its full coverage within two years from the due date of the first unpaid premium by paying all outstanding premiums together with interest as declared by us from time to time and by providing evidence of insurability satisfactory to us.

Exclusions Death

We will refund the premiums paid to date (excluding service tax) in the event the life insured dies by suicide, whether medically sane or insane, within one year after the issue date or reinstatement date.

Total and Permanent Disability (TPD)

You shall not be entitled to any benefits on Total and Permanent Disability, directly or indirectly, voluntarily or involuntarily due to or caused, occasioned, accelerated or aggravated by any of the following:

  • Suicide or attempted suicide or self-inflicted injury, whether the life assured is medically sane or insane.
  • Any condition, ailment or injury or related condition(s) for which policyholder had sign or symptoms, and /or were diagnosed, and/or received medical advice/ treatment within 48 months prior to the effective date of the policy or its latest revival date, whichever is later.
  • Infection with Human Immunodeficiency Virus (HIV) or conditions due to any Acquired Immune Deficiency Syndrome (AIDS).
  • War, terrorism, invasion, act of foreign enemy, hostilities, civil war, martial law, rebellion, revolution, insurrection, military or usurper power, riot or civil commotion. War means any war whether declared or not.
  • Taking part in any naval, military or air force operation during peace time.
  • Committing an assault, a criminal offence, an illegal activity or any breach of law with criminal intent.
  • Engaging in or taking part in professional sport(s) or any hazardous pursuits, including but not limited to, diving or riding or any kind of race; underwater activities involving the use of breathing apparatus or not; martial arts; hunting; mountaineering; parachuting; bungee jumping
  • Alcohol or Solvent abuse or taking of Drugs, narcotics or psychotropic substances unless taken in accordance with the lawful directions and prescription of a registered medical practitioner. A medical practitioner is a person who holds a valid registration from the Medical Council of any State or Medical Council of India or Council for Indian Medicine or for Homeopathy set up by the Government of India or a State Government and is thereby entitled to practice medicine within its jurisdiction; and is acting within the scope and jurisdiction of license.
  • Participation by the insured person in any flying activity, except as a bona fide, fare paying passenger of a recognized airline on regular routes and on a scheduled timetable.
  • Psychiatric, mental disorders, Parkinson and Alzheimer's disease, general debility or exhaustion (“run-down conditions”)

Allowed as per the provisions of Section 39 of the Insurance Act, 1938 and amended from time to time. For more details on the nomination, please refer to our website


Allowed as per the provisions of Section 38 of the Insurance Act, 1938 and amended from time to time. For more details on the assignment, please refer to our website

Prohibition of Rebates – Section 41 of the Insurance Act, 1938

No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer.
Any person making default in complying with the provisions of this section shall be liable for a penalty which may extend to ten lakh rupees.

Fraud and Misrepresentation

As per the provisions of Section 45 of the Insurance Act, 1938 and amended from time to time. For more details on Section 45 of the Insurance Act, 1938 please refer to our website

UIN No. - 109N071V02