Birla Sun Life Insurance Term Rider

Sep 11 2008

Birla Sun Life Insurance Term Rider

Posted by Sachin

Benefits

Provides for payment of the coverage face amount in event of death of the life insured

Exclusions

Death due to suicide in the first twelve months of the coverage.

Tax Benefits:

Under Sec 80 C and 10 (10 D) of the Income Tax Act 1961**

** As per current tax legistations.

Section 41 of Insurance Act : 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 or 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 rebates as may be allowed in accordance with the published prospectuses or tables of the insurer.

UIN No. – 109C003V01

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