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( As on 08/07/2011 00:00) Birla Sun Life launches two variants of term plans

Joint venture company, Birla Sun Life Insurance (BSLI) which operates as a private life insurance company in the country rolled out protector plans which provide flexibility to its holders since it offers them the choice to raise their sum assured over a period at no additional charges.

The protector plans are in 2 different variants namely BSLI Protector Plan and Protector Plus Plan.

The BSLI Protector Plan and Protector Plus Plan offer its customers the choice of choosing for a constant or increasing sum assured at the commencement of the policy where in case of the second option, the holder can raise the sum assured by 5% or 10% every year keeping in mind the rising needs and responsibilities.

BSLI is a joint venture between Aditya Birla Group and Canada-headquartered international financial services company Sun Life Financial Inc.

The private insurer's asset under management was Rs 19,760 crore and it has a capital base of over Rs 2,450 crore as of March 31