Dear Sir, I am policy holder of Birla Sunlife ULIP Saral Jeevan. While taking policy the agent didnt tell me anything. I have invested now. Read more about Birla Sun Life floats ULIP Saral Jeevan on Business Standard. Birla Sun Life Insurance Company (BSLI), a joint venture. Insurance Company, Birla Sun Life Insurance Company Ltd About Plan, The BSLI Saral Jeevan plan provides the dual benefit of protection and investment.

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Birla Saral Jeevan – ULIP Misselling – BIRLA SUN LIFE INSURANCE Consumer Review –

I have invested However, they are applicable only after the policy starts yielding returns. An OTP has been sent to your email address.

They have deducted nearly rupees for cost of A good agent will tell you all the positives as well as the negatives about the product. As many as new insurance schemes are all set to hit the market in the next couple of months, following the approval of IRDA. I contacted my agent and he said that he will do the necessary to cancel the policy and that I will get my Rs after 3 years. Present NAV is I will however advice you all not to buy this policy. ET EnergyWorld A one stop platform that caters to the pulse of the pulsating energy.

Bajaj Capital was the agent in my case and the Branch Manager spoke with me and completly brain washed me. When I tried to cancel the policy we got the same reply 15days free look period gone! Suicide We will refund higher of fund value or policy premiums paid to date in the event the life insured dies by suicide, whether medically sane or insane, within one year after the issue or revival date, whichever is later.

I don’t just understand this chap. Unit Price On each business day and for each investment fund, we determine the unit price by dividing the net asset value NAV of the investment fund at the valuation time by the number of units in existence for the investment fund in question.

We may increase this charge at any time in the future subject to a maximum of Rs.

Birla Sun Life floats ULIP Saral Jeevan | Business Standard News

My Prem amount Rs. Thanks for opening my eyes. This net fund value will be paid jesvan to you only at the end of the third policy year or the end of the two-year revival period, whichever is later. Almsot Every investor will have similar experience with the private insurance companies.


When I tried to contact with the agent I always get response that his cell is unavailable. IST [Monday to Saturday] on our toll-free numbers[protected] and[protected], or on[protected] [non toll-free].

View all Birla Sun Life Reviews. Birla Sun Life to have simpler Ulip offerings 11 Dec, If you are unable to pay the policy premium by the due date, you will be given a grace period of 30 days during which time all insurance cover under your policy will continue. Our focus is to build customer satisfaction 15 Sep, We are herewith attaching the Policy Account Statement for your immediate reference.

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The insurance under your policy will cease and your fund value will be held in suspense after deduction of Surrender Charges. I told them to that i am going to surrender my policy and now they are telling me is that you wont get any money by surrendering. But I thought that why to take chance and I read this review, thanks to Mouthshut and karthick for wonderful review.

Compared to any of the ULIP product of it’s kind, it has the highest charges. I have my friends at Birla Jeecan Insurance Corp. Section 41 of the 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 sarla insurance in respect of any kind of risk relating to lives or property in India, any rebate of 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 rebate as may be allowed in accordance with the published prospectuses or tables of the insurer.

This Rs is my hard earned money. Birla Insurance tries to be oversmart than other insurance companies.

After three months, I placed a call with Birla sunlife and I was startled to know that they have indeed deducted monthly charges on the policy. There is no surrender charge applicable under this policy if you surrender your policy anytime after the expiry of three policy years. They cooly replied that the surrender value of the policy is in negative. Why did he not call the company helpline and confirm that there were no charges when the agent told him as such, but he called them up later to confirm the same.


I am middle class person and all my hard earned money is going in vein. Please send me a copy of my current account statement my Policy no[protected]Saral Jeevan at earliest as possible plusI want to know how much I’ll be getting after my policy is matured. I was so surprised that this policy is gr8. I bought the policy on December 12th. Reply as a Brand. May God help the unsuspecting poor and small investors of this country.

I had taken this policy on Jan of rupees. I am not going to renew this policy.


During the first sarall policy years – Your policy will lapse if we do not receive the entire policy premium by the end of the grace period. I would like to end by saying that the I feel cheated, deeply hurt and never expected this from a corporate house of Birla’s calibre.

Moreover, I have a very strict complaint against my insurance advisor AC Empong Sangma The fact is that he is a fraud in the name of an Insurance Advisor the fact is that he asked me that you are busy in the office Im on my way to the birla sunlife office give me the money I’ll pay your Renewal Premium I have given him the money but the said money was not deposited which leads my policy to grace period I am extremly not happy to see his name on my receipt is there any way that I can change some one as my Insurance adviser till today he is absconding my colleagues in the office too were willing to invest money in your Birla sunlife insurance Policy But because of this incident they have shifted to reliance Insurance policy on the other hand the said Insurance adviser is damaging the image of Birla sunlife please look into the matter seriously.

They said that I have signed the policy and had a 15 days grace period to get out the policy.