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Birla Sun Life Immediate Annuity Plan
Birla Sun Life Immediate Annuity Plan

BSLI Immediate Income Plan
BSLI Immediate Income Plan



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Birla Sun Life Immediate Annuity Plan
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BSLI Immediate Income Plan

BSLI Immediate Annuity and Immediate Income Details

1 Details
1.1 Insurance Provider
Birla Sun Life Insurance
Birla Sun Life Insurance
1.2 Claim Settlement Ratio
1.2.1 Settlement Ratio (2015-16)
87.10%
Rank: 6 (Overall)
87.10%
Rank: 6 (Overall)
1.2.2 Settlement Ratio
LIC Bhagya Laks..
96.00%
Rank: 2 (Overall)
96.00%
Rank: 2 (Overall)
Edelweiss Tokio My Life Plus Details
1.2.3 Settlement Ratio (2013-14)
LIC New Jeevan ..
87.76 %
Rank: 15 (Overall)
87.76 %
Rank: 15 (Overall)
DHFL Pramerica Family Income Details
1.3 Type
Annuity Plan
Annuity Plan
1.4 Status
In-force
In-force
1.5 Online
32% Annuity Plans Life insurance plans have it !
32% Annuity Plans Life insurance plans have it !
1.6 Eligibility
1.6.1 Min Entry Age
AEGON Religare ..
30 years
Rank: 23 (Overall)
50 years
Rank: 29 (Overall)
Bajaj Allianz Cash Assure Details
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1.6.2 Max Entry Age
ICICI Pru Immed..
90 years
Rank: 3 (Overall)
90 years
Rank: 3 (Overall)
Reliance Classic Plan 2 Details
ADD ⊕
1.6.3 Min Vesting Age
Canara HSBC Sma..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
Shriram Secure Investment Plan Details
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1.6.4 Max Vesting Age
Bharti AXA Life..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
LIC New Children Money Back Plan Details
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1.7 Policy Term
1.7.1 Min Term
Edelweiss Tokio..
5 years
Rank: 3 (Overall)
5 years
Rank: 3 (Overall)
HDFC Life New Group Unit Linked Plan Details
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1.7.2 Max Term
TATA AIA Fortun..
20 years
Rank: 25 (Overall)
20 years
Rank: 25 (Overall)
HDFC Life New Group Unit Linked Plan Details
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1.8 Returns
1.8.1 Min Sum Assured
Aviva Life Shie..
₹ 12000
Rank: 6 (Overall)
₹ 12000
Rank: 6 (Overall)
ICICI Pru Immediate Annuity Plan Details
1.8.2 Min Sum Assured (Variable)
Not Available
Not Available
1.8.3 Max Sum Assured
IDBI Federal Lo..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
Kotak Gratuity Plus Group Plan Details
1.8.4 Max Sum Assured (Variable)
No Limit
No Limit
1.9 Group Plan
11% Annuity Plans Life insurance plans have it !
11% Annuity Plans Life insurance plans have it !
1.9.1 Group Type
Not Applicable
Employer-Employee
1.9.2 NEE Size
Metlife Group T..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
Reliance Traditional Group Employee Benefit Plan Details
1.9.3 EE Size
Metlife Complet..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
HDFC Group Term Insurance Details

Details of BSLI Immediate Annuity and Immediate Income

Comparison of the plans can be based on details of BSLI Immediate Annuity and Immediate Income like eligibility criteria, policy term, returns etc. for these two plans. Both these policies are of the type Annuity Plans. These insurance plans are provided by Birla Sun Life Insurance (Claim settlement ratio is 96.00%). Claim settlement ratio provides a percentage of ratio of claims payed by the company to the number of claims received by the company. Birla Sun Life Immediate Annuity Plan cannot be bought online and BSLI Immediate Income Plan cannot be bought online. Plans that can be bought online have an added advantage as it saves one from the hassle of going to the agent and then buying insurance policies.

Eligibility Criteria for BSLI Immediate Annuity And Immediate Income

Eligibility criteria for BSLI Immediate Annuity and Immediate Income define the minimum/maximum entry age and minimum/maximum vesting age for these two plans. Eligibility and vesting age are main aspects of BSLI Immediate Annuity and Immediate Income details. Vesting age is also known as maturity age i.e. the age when your policy matures and you can acquire its benefits. For the former insurance plan, minimum entry age is 30 years and maximum entry age is 90 years. Also,minimum vesting age is not available whereas maximum vesting age is not mentioned. Similarly for the later insurance plan, minimum entry age is 50 years and maximum entry age is 90 years. Also for the second plan, minimum vesting age is not available whereas maximum vesting age is not mentioned.

Policy Term Details

Policy term details for Birla Sun Life Immediate Annuity Plan and BSLI Immediate Income Plan include the minimum and maximum policy terms for the said insurance plans. Policy term is a time period during which an insurance policy is valid. After completion of policy term, one can renew the policy or get sum assured by terminating the policy. For Birla Sun Life Immediate Annuity Plan, minimum policy term is 5 years and maximum policy term is 20 years. Similarly for BSLI Immediate Income Plan, minimum policy term is 5 years and maximum policy term is 20 years.

Returns From BSLI Immediate Annuity and Immediate Income

Sum assured is a part of returns from BSLI Immediate Annuity and Immediate Income. Sum assured is the amount of money you receive along with applicable bonus at the end of the policy term. In event of your untimely demise before the end of the policy term, your family will receive this money. Depending on the type of plan, returns may or may not be fixed. Variable returns can be in terms of Birla Sun Life Immediate Annuity Plan and BSLI Immediate Income Plan Benefits. For the former plan, minimum sum assured is ₹ 12000 and maximum sum assured is not provided in the plan.Similarly, for the later plan, minimum sum assured is ₹ 12000 and maximum sum assured is not mentioned in the plan. Sometimes, a fixed sum assured is not available but a variable sum assured depending upon the policy term you choose, the amount of money you pay as premium, etc. is provided by the insurer. Benefits of group plans maybe somewhat different. Some plans require medical examination before you buy the policy.

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