Birla Sun life has introduced new endowment plans for people following traditional investment practices. The minimum monthly premium in Birla Bachat plan is Rs 400. Bachat plan for a term of 20 years provide an insurance coverage of 180 times the premium amount.  The maturity sum with the loyalty addition will be returned after completion of the term. Double protection which provides the rider for accidental death claim can be made by paying a nominal premium along with regular premium. This policy also provides tax benefits as per Section 80 C and Section 10(10 D). Apart from insurance scheme, this plan can also be considered as long term investment option.