Known as BSLI Savings Plan, the new plan will enable the customer to grow savings securely along with providing comprehensive financial protection to the family from the risk of unfortunate death.
Additionally, the traditional plan will also offer guaranteed additions, bonus accumulation, and life insurance benefits.
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Commenting on the plan, BSLI managing director and CEO, Jayant Dua, said: "In times of uncertainty and increasing costs, customers seek solutions that enable them to save systematically with a steady growth in savings over time.
"BSLI Savings Plan is designed to cater to the changing needs across customer segments with the flexibility it offers in choosing the policy term and the premium paying term with guaranteed additions."
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