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Birla Sun Life's new unit-linked plan introduced

Birla Sun Life Insurance (BSLI) has launched a new unit-linked scheme, `Classic Life Premier plan'. The plan is available in two variants, one with maturity age of 75 years and the other, 100. The customer will have five fund options with the flexibility to allocate the premiums in varying proportions into the funds and switch between the investment options.

Two of the funds — Creator and Magnifier — have a higher equity component. The Creator fund retains an option of investing a maximum of 50 per cent in equities, while the Magnifier can have a maximum of 90 per cent in equities. The customer will have the option to top up their Policy Fund whenever they have additional savings. The minimum amount of top-ups will be Rs 10,000. The policyholder can also change the face amount of the policy according to requirements.

BL Research Bureau

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