Aditya Birla Sun Life Insurance

It’s been a decade that has contributed significantly to the growth and development of the life insurance industry of our country. They have also pioneered in the launch of Unit Linked Life Insurance plans. Their vision is to be a leader and role model in integrated financial services. They value Integrity, commitment, Passion, Seamlessness and Speed.

Insurance Plans by Aditya Birla Sun Life

Aditya Birla Sun Life Insurance Company Limited offers a wide variety of insurance plans to the customers. The life insurance plan cater to all the basic needs and necessities of the customers at a very competitive rate of interest. They take care of all the basic necessities of the customers by insuring them against all sorts of risks through a wide variety of plans to choose from. The different types of insurance plans offered by Birla Sun Life Insurance Company Limitedare as follows:

• Life Term Solutions

• Savings with Protection

• Children’s Future Solution

• Pension Solution Plan

• Ulip Solution Plans

• Rural

• NRI

Aditya Birla Sun Life Insurance Plans

Life Term Solutions:

As we all know and somehow we have accepted the fact that life is filled with uncertainties and hence the protection of our family tops our priority list. Hence we always try to ensure that even during our absence our family enjoys the same lifestyle and leads a comfortable life. So Aditya Birla Sun Life Insurance brings those plans that are simple yet economic and help us achieving our objectives irrespective of what the shortcomings are. They have assured that the premiums are very reasonable and helps fit in the budget easily. The different kind of Protection Solutions Plans are as follows:

ABSLI Protector Plan Plus -This is a plan that promises to take care of the family keeping in of the growing needs and in turn makes provision for a good lifestyle. The features of the plan is enlisted below:

• Complete financial protection at low costs

• Entry age - 18years - 65years

• Minimum Sum Assured amount - 30,000/-

• Death Benefit Available - 10 times the annualized premium + Sum assured at the date of death

• Tax Benefits - this plan offers tax benefits under Section 80C and Section 10(10D) of Income Tax Act,1961

• Total & Permanent Disability Benefit -In case there is any kind of disability during the plan term then 50% of the Sum Assured is paid and death benefit remains unaffected.

ABSLI Future Guard Plan- This plan provides complete financial freedom even when you're not around. This plan is ideal if you want an economic way of providing for cover and would like to protect your family you also get back all your premiums back on maturity. So you can enjoy life knowing that your family's future is secured and guaranteed even in your absence and your premiums are yours on your survival. The features of the plan is enlisted below:

• Entry age - 18years - 65years

• Minimum Sum Assured amount -5,00,000/-

• Death Benefit Available - 10 times the annualized premium + Sum assured at the date of death

• Tax Benefits - this plan offers tax benefits under Section 80C,80D and Section 10(10D) of Income Tax Act,1961

ABSLI Easy Protect Plan - Aditya Birla Sun Life Insurance presents this traditional term insurance plan which gives you the option for flexible cover and it also includes increasing and constant term assurance. It secures you and your family financially at an affordable cost. As our responsibilities only keep increasing with time, it protects your family against extra liability. The features of the plan is enlisted below:

• Entry age - 18years - 55years

• Complete financial solution and that too at affordable costs

• Two plans options to your requirement.

• Minimum Sum Assured amount -50,00,000/-

• Death Benefit Available - In case of demise of the insured the sum assured applicable shall be paid to the nominee.

• Tax Benefits - this plan offers tax benefits under  Income Tax Act,1961

• Surrender Benefit - the policy will acquire a surrender value immediately after the issuance of the policy.

ABSLI Protect @ Ease - The happiness and security of our family is always your priority. We always want to ensure that your loved ones never have to compromise on their dreams aspirations.We understand that in this fast paced world, you are always looking for convenience while considering a term plan. Keeping all this in mind, this plan brings you a hassle-free way of getting the advantage of term life insurance for the security of your family. In addition to this unmatched convenience, you can also choose your sum assured, the duration of the policy and more. Our flexible plan is tailored to give you the cover you need, ensuring that your family gets the future they deserve. 

ABSLI DigiShield Plan - It is a non-participating and non-linked term insurance policy. The policyholder can customize this plan according to the requirements of all the stages of life at a very reasonable cost. The key features of this plan are:

• The plan offers full financial protection at a very reasonable price.

• The plan provides the option to enhance the coverage of the policy at different key milestones of the policy's life.

• The plan provides two options for a plan to suit the protection requirements of the policyholder.

• Gives the option to cover the spouse of the policyholder under the same plan.

• Offers the inbuilt benefit of a terminal illness.

• The plan offers flexible terms of premium payment.

• Multiple options to get death benefits in order to meet the requirements of the nominee of the policyholder.

• The policyholder can enhance his/her insurance with appropriate options of rider.

ABSLI Ultimate Plan - To protect the family of the policyholder against various uncertainties of future, and to make sure that the dreams of the family members are secured when the insured is not around, this non-participating and non-linked term insurance plan are introduced by Aditya Birla Sun Life Insurance Company. Some of the key features of this plan are:

• The plan provides inbuilt terminal illness cover.

• The policyholder gets the option to enhance his/her cover at different key milestones of one’s life.

• Offers long term insurance protection cover for approximately 50 years.

• Provides flexible premium payment term.

• To meet the changing needs, the policyholder can select death benefits through multiple options.

• The policyholder can enhance the coverage of his/her insurance with some appropriate rider.

ABSLI Income Shield Plan - It is a non-participating and non-linked term insurance policy that is designed for the salaried based entrepreneurs and professionals. The main focus of this plan is to provide financial support to the family of the policyholder in case of unfortunate events like the death of the policyholder. The plan makes sure to provide the monthly income needed by the family members for leading the same lifestyle. The key benefits of this policy are:

• The plan offers complete financial protection at a very reasonable price.

• Offers EVA benefit, which is exclusively for female customers.

• Provides four plan options to meet the protection requirements of the policyholder.

• Flexible income benefit and premium payment terms.

• A policyholder can enhance the inclusions by selecting some appropriate riders.

ABSLI Life Shield Plan - Each person is different and so does the need for his/her family, therefore, one policy may not be able to match the requirements of all. This plan offers the flexibility to make a combination of eight different policy options as per the requirements of the family. The key benefits of this plan are:

• Provides option to enhance the coverage at different key stages of your life.

• Offers multiple options to suit different requirements of the policyholder.

• Provides option to cover the spouse of the insured in the same policy.

• Offers inbuilt terminal illness cover.

• Premium return option.

• Provides option to enhance the coverage with appropriate option of rider.

• Offers multiple options to get death benefits.

Saving with Protection:

Life is full of uncertainties and we never know what life has planned for you. This is where ABSLI Savings with Protection solutions come to your aid. By helping you make small savings in a disciplined manner, we can create a corpus for fulfill your family's wishes in the future. Since the amount is small, you can continue enjoying your current lifestyle without compromises. What's more, your family will get the added security of a Life Cover & tax free returns. The different kinds of Plans are enlisted below:

ABSLI Vision MoneyBack Plus Plan - This plan gives you the advantage of money back policy. It’s a traditional plan which also meets your financial requirement and life cover to meet any unexpected danger. Some of its features are listed below:

• Entry age - 13years - 45years

• Minimum Sum Assured amount -1,00,000/-

• Guaranteed Survival Benefit- A survival benefit is given at every 4^th or 5^th year of the plan as percentage of sum assured. The regular payouts are given as long as life insured survives and these are predefined percentages on sum assured.

• Death Benefit Available -the nominee receives Sum assured + accrued bonus +terminal bonus.

• Maturity Benefit is given with Accrued bonus + Terminal Bonus, and posts these payments the plan is permanently terminated.

• Tax Benefits - this plan offers tax benefits under Section 80C, and Section 10(10D) of Income Tax Act, 1961.

ABSLI Vision Life Income Plan - Despite the uncertainty in our lives we always try to plan for all of life’s important responsibilities and stages, hence to fulfill these efforts and dreams we need a regular source of extra income. It is then this plan comes into the picture. It is a traditional whole life plan which not only helps us to fulfill all the responsibilities but also realizing the dreams by providing a steady extra income. In this plan survival benefits are payable every year the end of the premium paying term till maturity and a life insurance benefit, this plan offers a perfect blend of income and financial protection for you and your family. Some of its features are listed below:

• Entry age - 1year - 60years

• Minimum Sum Assured amount -2,00,000/-

• Access to rider at nominal extra cost.

• Comprehensive financial protection the family with whole life covers up till age 100.

• 5% of the sum assured + bonus every year after premium paying term

• Death Benefit Available - the nominee receives Sum assured + accrued bonus +terminal bonus.

• Maturity Benefit is given with Sum Assured + Terminal Bonus, and posts these payments the plan is permanently terminated.

• Tax Benefits - this plan offers tax benefits under Section 80C, 80Dand Section 10(10D) of Income Tax Act, 1961.

ABSLI Vision Endowment Plan -This plan assures you that your savings are absolutely safe and moreover it starts giving you growth in your savings with accrued bonus from the first year itself. Some of its features are listed below:

• Entry age - 1year - 55years

• Minimum Sum Assured amount -1,00,000/-

• Death Benefit Available - the nominee receives Sum assured + accrued bonus +terminal bonus. In case the death is due to accident then an sum assured is paid up as additional benefit.

• Maturity Benefit is given with Sum Assured + Accrued Bonus+ Terminal Bonus, and posts these payments the plan is permanently terminated.

  • Tax Benefits - this plan offers tax benefits as per extant laws

ABSLI Savings Plan - This plan not only allows you to regularly save money and also helps it grow over the time. This plan allows you to have mental satisfaction and peace to meet your future financial requirements. Some of its features are listed below:

• Entry age - 18years - 50years

• Minimum Sum Assured amount -30,000/-

• Access to rider at nominal extra cost.

• Comprehensive financial protection the family with whole life covers up till age 100.

• 5% of the sum assured + bonus every year after premium paying term

• Death Benefit Available - the nominee receives Sum assured + accrued bonus + guaranteed additional bonus+terminal bonus.

• Maturity Benefit is given with Sum Assured + Terminal Bonus + guaranteed additional bonus.

ABSLI Vision Life Secure Plan - We must inculcate this habit of saving very early in our lives because in the long run not only  good amount of wealth is accumulated but also tax benefit is available from a lot of them. Some of its features are listed below:

• Entry age - 1year - 60years

• Minimum Sum Assured amount -2,00,000/-

• Access to rider at nominal extra cost.

• Comprehensive financial protection the family with whole life covers up till age 100.

• 5% of the sum assured + bonus every year after premium paying term

• Death Benefit Available - the nominee receives Sum assured + accrued bonus +terminal bonus.

• Maturity Benefit is given with Sum Assured + Terminal Bonus + Accrued Bonus.

• Tax Benefits - this plan offers tax benefits under Section 80C, and Section 10(10D) of Income Tax Act, 1961.

ABSLI Income Assured Plan - This plan is of a traditional nature providing savings and protection. It gives assured income benefits payable from the end of the premium paying period and life insurance benefits. This plan comes with monthly income and financial security. Some of its features are listed below:

• Entry age - 8years - 60years

• Minimum Sum Assured amount -1,00,000/-

• Guaranteed Additions - these addition will added to the policy at the beginning of each quarter after the completion of the premium payment term until policy date maturity.

• Death Benefit Available - the nominee receives Sum assured + guaranteed additions accumulated till death.

• Maturity Benefit is given with Sum Assured + guaranteed additions accumulated

• Tax Benefits - this plan offers tax benefits under Section 80C, and Section 10(10D) of Income Tax Act, 1961.

ABSLI Vision Regular Returns Plan - ABSLI Vision Regular Returns Plan is a traditional participating endowment plan. With survival benefits payable every year from 5th policy anniversary till maturity and life insurance benefit, this plan offers a perfect combination of liquidity, savings and financial protection of your family. Some of its features are listed below:

• Entry age - 13years - 45years

• Minimum Sum Assured amount -2,00,000/-

• Survival Benefit - this benefit is distributed from 5^th year and every subsequent policy anniversary till maturity you receive a guaranteed survival benefit.

• Death Benefit Available - the nominee receives Sum assured +Accrued Bonus till date

• Maturity Benefit is given with Accrued Bonus less non- guaranteed survival benefits already paid.

• Tax Benefits - this plan offers tax benefits under Section 80C, and Section 10(10D) of Income Tax Act, 1961.

ABSLI Vision Endowment Plus Plan - All our lives are filled with uncertainty so if there is any policy which assures you that not only is the money safe but your returns will be higher than your investment. With the return of premium along with accrued bonuses on maturity and protecting your family's financial security.So by investing in ABSLI Vision Endowment Plus Plan, your investment can go a long way in building a safe and financially sound future for your family, today as well as in the years to come. Some of its features are listed below:

• Entry age - 30 days - 60years

• Minimum Sum Assured amount -1,00,000/-

• Tax Benefits - this plan offers tax benefits under Section 80C, and Section 10(10D) of Income Tax Act, 1961.

ABSLI Guaranteed Future Plan - A unique plan designed to help you meet your responsibilities for certain major milestones of your life such as children education, marriage, exotic family holidays etc. Some of its features are listed below:

• Entry age - 18years - 50years

• Sum Assured amount -10 * Annual Premium

• Flexibility to choose - premium paid every year, policy term, death benefit option.

• Tax Benefits - this plan offers tax benefits under Section 80C, and Section 10(10D) of Income Tax Act, 1961.

ABSLI Guaranteed Milestone Plan - It is a non-participating and non-linked life insurance plan that understands the financial requirements of the family of the policyholder. The key benefits of this plan are:

• Guaranteed death and maturity benefits.

• Provides flexibility to select the term of the policy.

• Offers guaranteed additions that boost the corpus every year.

• By selecting a joint life protection option, one can cover his/her spouse as well in the same policy.

• The plan offers flexibility to enhance the insurance coverage with the help of an appropriate rider.

ABSLI - Jeevan Bachat Plan - It is a small savings non-participating and non-linked plan that helps the policyholder to create a large corpus. The plan offers life cover and guaranteed returns ten times of the premium with tax benefits. The key benefits of this plan are:

• The plan offers guaranteed death benefit if the policyholder dies during the term of the policy.

• Apart from the death benefit, the policy also offers maturity benefits.

• The policy also provides reduced paid-up advantages.

• The policy provides guaranteed additions that accrue monthly basis.

ABSLI Monthly Income Plan - This is a participating non-linked life insurance policy that offers monthly income to its policyholders. The key benefits of this policy are:

• The plan provides assured monthly income for taking care of the recurring requirements of the policyholder.

• Provides lump sum bonus on the maturity of the policy.

• Offers financial protection for the entire family.

• Provides inbuilt accidental death advantages.

• The option of increasing or level income of 10, 15, and 20 years.

• The plan offers a deferment period of zero, five and ten years after the policy completes the premium payment term.

• The plan offers tax benefits.

Children’s Future Solution

A child is a source of joy for every parent. You work towards ensuring that you have the means to meet the big future expenses of your child, be it for higher education, marriage or any other dreams that you have for your child. This Birla life child insurance plan is designed to meet future requirement of your child by allowing us to meet the major expenses. They also offer you the choice of guaranteed returns or the flexibility to manage your fund options to make your money grow as per your needs. 

ABSLI Vision Star Plan - As the child grows up and looks for success in this fast paced world, he will always look to you for support and inspiration. Hence you will need a plan that gives your child the confidence to pursue and discover his/her real passion. Presenting, ABSLI Vision Star Plan, so that you can ensure that your child doesn't miss out on opportunities due to insufficient funds. Some of its features are listed below:

• Entry age - 18years - 55years

• Sum Assured amount -1,00,000/-

• Regular Bonus - Simple Bonus is declared at the end of each financial year and it will be added to your policy.

• Maturity Benefit - Accrued Bonus till date + Terminal Bonus

• One can take loan in this plan once it has acquired its surrender value. Minimum loan amount is 5,000/- and maximum is 85% of your surrender value.

Pension Solution Plans

At retirement, income stops but the expenses don’t. It is therefore important to start saving early and in a planned manner for a comfortable and in a disciplined manner for a stress-free retired life. What is also important is to determine your goal for the retirement corpus basis your projected needs during retired life.

Aditya Birla Sun Life Insurance Retirement Solutions ensure that you enjoy a secure and happy retired life. 

ABSLI Empower Pension Plans - This is a plan designed to ensure that one remains in control of the non-earning phase of one’s life. It is basically a unit linked, non-participating pension plan an helps you focus on your goals enhance your savings. Some of its key features are as follows:

• Entry age - 25years - 70years

• Death Benefit - Guaranteed Death Benefit/Fund value as on date of intimation or accumulation of all basic premiums paid or accumulation of all basic premiums paid till date at a compounding guaranteed rate.

• Tax Benefits - this plan offers tax benefits under Section 80CC, and Section 10(10D) of Income Tax Act, 1961.

ABSLI Immediate Annuity Plan - Aditya Birla Sun Life Insurance Immediate Annuity Plan enables you to convert your savings or lump sum amounts into an instantly guaranteed lifetime income source after retirement, which you can avail anytime you choose to.

ABSLI Empower Pension - SP Plan - In this policy, investment risk in investment portfolio is borne by the policyholder.Linked Insurance Products do not offer any liquidity during the first five years of the contract. ABSLI Empower Pension - SP Plan - this plan will help you gain financial freedom during your second innings. Helps you focus on your goals and enhances your savings for a future free from worries.

Ulip Solution Plans

If you buy this premium then your dreams are secure, these plans offer you flexible plans and encourage you to save regularly.

• ABSLI Wealth Max Plan - Single pay unit linked plan it allows you to choose where to invest in 13 different funds.

• ABSLI Wealth Secure Plan - its life insurance plan and ensures to meet your family’s dream with Whole Life Cover.

• ABSLI Wealth Assure Plan - it’s a protection and savings plan enabling your wealth to grow steadily.

• ABSLI Fortune Elite Plan - this plan allows you to decide your premium amount under 3 different plans.

• ABSLI Wealth Aspire Plan -in this policy the insurer is rewarded for policy continuance in the form of additional units will be added to your policy

Rural Solutions

A large population of India lives in the rural areas. The impact of risks associated with life and health are far more severe on this population as compared to the urban population with higher levels of income. 

Birla Sun Life launched its rural program in 2001 to provide insurance to the rural populace of India. This includes the endowment product that provides life cover and guarantees returns to the insured on maturity.

• ABSLI BimaDhanSanchay - provides the security of life insurance and guarantees return of premiums paid on maturity.

• ABSLI Bima Suraksha Super - Simple and hassle free plan providing security to family’s future

• ABSLI BimaKavachYojana - it’s a 3 year plan with death,maturity and surrender benefits.

• ABSLI Grameen Jeevan Raksha Plan - plan designed to cater to needs of rural population and a term insurance.

NRI Solutions

NRI solutions can help you ensure that your dreams and aspirations are not compromised even while you stay away from your family. They help you plan all your goals like planning for your child's education, planning for your retirement, building a house, caring for your parents back home.

• ABSLI Vision Life Income Plan - ABSLI Vision LifeIncome Plan, a traditional participating whole life plan that helps you to not only plan your financial goals but also realize your dreams by providing you with a steady income and whole life cover.

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