Birla Sun Life Insurance Company, a subsidiary of Aditya Birla Nuvo, has introduced a new non participating ULIP, BSLI Platinum Advantage Plan.

BSLI Platinum Advantage Plan, which is a sequel to the former BSLI Platinum Premier plan, will enable the customers to build wealth through participation in the equity markets while protecting their returns.

According to India Infoline, the BSLI Platinum series provides safeguards against the potential downsides of the equity market through a guarantee of highest daily NAV over seven years. The new plan also offers choices like Enhanced Sum Assured option and Riders that allow customers to increase their financial security at a small additional cost.

The plan also offers customers the advantage of two investment options of their choice – Guaranteed Option and Self-Managed Option.

The Guaranteed Option allows customers to safeguard their investments from any downsides in the capital markets while the Self-Managed Option gives customers’ complete access to invest premiums in a well established suite of 10 Investment Funds, ranging from 100% debt to 100% equity, reported India Infoline.