With the changing dynamics how insurance is viewed as a financial product and proliferation of large number of insurance comparison websites like myinsurancebazaar.com Insurance companies are now forced to offer a different set of products for this new age customer. Birla Sun life Easy Protect product is a term insurance product which is specifically made for people buying term plans online. As in case of all online term Insurance plans, the Birla sun life policy is quite different from its offline peers which you can only buy offline agents and advisors .On the other hand the premiums are also quite cheaper for this online plan because of the reasons like
Key features of Birla sun life online term plan:
You can apply for two forms of option under this policy depending on the need. Under option 1 you can apply for a sum assured which will remain stable during the period of policy whereas option 2 provides for option where the policy holders can increase the cover under the policy every year. The various options offered are called:
Birla Sun life online term policy is an apt insurance policy for people specifically looking for term insurance plan. Other than the unique sum assured options available to the policy holder it also offer tax benefits under section 80 C on the premium that you pay every year.