Birla Sun Life Insurance Company's "Life Companion" plan is a unit linked money back plan. Duration can be 16, 20, 24 and 30 years. Premium is payable throughout the term of the policy and incase of the term for 30 Years, the premium payment period is limited to 15 years. Premium can be paid as yearly, half-yearly, quarterly, monthly.

Survival benefits (SB): SBs are payable every 4 years in the 16, 20 and 24 years duration plans. In case of the 30 year plan, the SB would start after the premium paying period of 15 Years. SB will be equal to 5% of the sum assured (SA) every year from 16th to 29th Year. The details of SB payments are as shown in the following schedule.

Duration	Survival benefits in					Maturity benefit
4th yr	8th yr	12th yr	16th yr	20th yr
16	10%	20%	20%	-----	-----	50%
20	10%	10%	15%	15%	-----	60%
24	10%	10%	10%	10%	10%	80%
30	5% Each Yr from 16th to 29th Yr					30%

Maturity benefit: On completion of the policy duration you will receive the guaranteed amount equal to the % shown above of the S.A (face amount). If the policy value is higher, then the policy value will be paid. These maturity benefits are guaranteed only when the premiums are paid on or before the expiry of 60 days from the due date.

Death benefits: In case of unfortunate death, the nominee would receive the face amount + entire policy value at the time of death.

The loyalty addition is equal to 5% of the policy value provided the two conditions for eligibility for maturity benefit are satisfied. The policy also is eligible for benefits under 80C and 10 (10D) of I.T Act 1961.

The minimum and maximum age at entry is 30 days - 60 yrs last birthday for all durations. Maximum maturity age is 75 yrs. Minimum S.A. Rs.75,000. Max No limit.

This policy is suitable for persons to meet their periodical financial needs and also to have full life insurance protection. The periodical SBs would help to meet intermediate commitments.