Private insurer Birla Sun Life Insurance today launched its first participating plan, BSLI Vision LifeIncome, offering regular guaranteed payouts, long-term savings and life insurance benefit.
By way of its guaranteed regular income, bonus accumulation and life insurance benefit, BSLI Vision LifeIncome offers a three-way solution for customer's financial needs, the company said in a release issued here.
"With survival benefits payable every year from the end of the premium paying term till maturity and life insurance benefit, this plan offers a perfect blend of income and financial protection for the customer's family," Birla Sun Life Insurance Managing Director and CEO Jayant Dua said.
BSLI Vision LifeIncome plan is suitable for individuals whose key objective is secured savings, earning a steady income for life and providing their family with comprehensive financial protection, he added.
BSLI is a joint venture between the Aditya Birla Group and Sun Life Financial, one of the leading international financial services organisations from Canada.