Aditya Birla Sun Life Insurance

About Aditya Birla Sun Life Insurance

Aditya Birla Sun Life Insurance provides people a comprehensive range of life insurance plans, thereby ensuring that their loved ones are financially secured in the event of the policyholder’s unfortunate death. The insurer has a CSR (claim settlement ratio) of 98.4% in the financial year 2023-24, which indicates a track record of settling claims quickly and efficiently. This suggests the reliability and customer-centric service of the insurance company. With flexible options for coverage and tenure, Aditya Birla Sun Life Insurance allows individuals to customize their insurance to their specific needs and budget. They also offer affordable premiums and the assurance of a tax-efficient policy under applicable sections of the Income Tax Act, 1961. 

What Are The Various Life Insurance Policies Offered By Aditya Birla Sun Life Insurance?

The various life insurance policies in multiple segments offered by Aditya Birla Sun Life Insurance are as follows: 

• Term Insurance Plans

• Savings Plans

• ULIP Plans

• Retirement Plans

• Child Plans

Aditya Birla Sun Life Insurance - Term Plans

Here is a list of all the Aditya Birla Sun Life Insurance - Term Plans:

1. ABSLI Income Suraksha Plan

   • Provides financial security to your family in case of your unfortunate death

   • Get discounts upto 11% with 7% on first year discounts for salaried employees and 4% online discounts

   • Choose between 2 plan options for customised protection

   • Pay premiums for limited or regular premium pay term

   • Get additional coverage with optional riders at nominal extra costs

2. ABSLI Salaried Term Plan

   • Choose from 4 different plans to match your protection needs.

   • Get covered until you're 70, which helps your family financially in the long run.

   • Choose from multiple death benefit pay-out options:

     • Lump-sum

     • Level monthly income

     • Increasing monthly income

   • Enjoy Return of Premium (ROP) option along with life insurance cover to secure your savings.

   • Get inbuilt terminal illness cover.

   • Add extra coverage for 42 critical illnesses with the Accelerated Critical Illness benefit.

   • Enhance coverage with additional rider options.

3. ABSLI DigiShield Plan

   • Life insurance available for 1 year to age 100.

   • 10 plan options for various protection needs.

   • Choose lump sum, monthly income, or a combination for death benefit payout.

   • Monthly income at age 60 for a worry-free retirement.

   • Return of Premium (ROP) option for savings security.

   • This aditya birla life insurance Includes Terminal Illness Benefit.

   • Accelerated Critical Illness Benefit available, covering 42 critical illnesses.

   • Spouses can be covered under the same policy with Joint Life Protection.

   • Enhance coverage with rider options for an extra premium.

4. ABSLI Saral Jeevan Bima Yojna

   • Premium payment flexibility includes options for one-time, limited duration, or throughout the policy term.

   • Enhance coverage by adding the Accidental Death Benefit Rider for an additional premium.

   • In case of an insured's accidental death, the plan provides an extra lump sum amount equivalent to 100% of the Rider Sum Assured.

   • Any rider premiums paid after the accident until the date of death will be refunded with interest, in addition to the death benefit.

   • Eligibility for tax benefits under the Income Tax Act, 1961.

5. ABSLI Anmol Suraksha Kawach

   • With this aditya birla life insurance, get short-term protection for up to 5 years.

   • Ensure complete financial protection for your loved ones with affordable premiums.

   • Enjoy flexible premium payment options for comprehensive coverage.

   • Receive the Sum Assured on Death as a lump-sum payout to the nominee upon the insured's demise.

   • Explore potential tax benefits on your premium payments.

6. ABSLI Poorna Suraksha Kawach

   • Choose from 6 Plan Options for versatile life insurance coverage.

   • Enjoy Waiver of Premium (WOP) for Critical Illness (CI) and Total Permanent Disability (TPD) for added financial security.

   • Access a 'One Time Exit Value' for emergency support, returning your premiums paid.

   • Secure savings with Return of Premium (ROP) and Early Return of Premium (ERoP) options, combined with life insurance coverage.

   • Benefit from an Inbuilt Terminal Illness Benefit.

   • Add an Accelerated Critical Illness (ACI) option, covering 42 specified critical illnesses, for an extra premium.

Aditya Birla Sun Life Insurance - Savings Plans

Here is a list of all the Aditya Birla Sun Life Insurance - Savings Plans:

1. ABSLI Nishchit Laabh Plan

   • Choose from 3 plan options: Endowment, Income with Lump sum, and Moneyback.

   • Enjoy long-term guaranteed# income for 20 or 30 years with the Income with Lump sum option.

   • Receive Loyalty Additions for an enhanced maturity corpus and survival benefits based on your chosen plan.

   • Benefit from a guaranteed Lump sum at policy maturity.

   • Customize your plan with options for premium payment terms and policy terms.

   • Ensure assured protection with life cover throughout the policy term.

2. ABSLI Nishchit Aayush Plan

   • Choose from Benefit Options: Long Term Income or Whole Life Income.

   • Enjoy Guaranteed Income from 1st/2nd policy anniversary until the end of the policy term.

   • Receive a Guaranteed Lump Sum Benefit at policy maturity.

   • Customize your plan with flexibility in income benefit, income variant, premium payment term, policy term, and deferment period.

   • Ensure Assured Protection with life cover throughout the policy term.

   • Select from Income Variants: Level or Increasing Income.

3. ABSLI Assured Savings Plan

   • Guaranteed Maturity Benefit: Receive lump sum benefits to meet life's milestones with peace of mind.

   • Loyalty Additions: Boost your maturity corpus with Loyalty Additions, provided all due premiums have been paid.

   • Boost for your maturity corpus: Opt for higher premium paying policies to enjoy a higher maturity benefit.

   • Financial Security for your loved ones: Ensure comprehensive risk cover for your loved ones in the event of the life insured's death.

   • Flexibility: Choose from various Premium Payment Terms, Policy Terms, and Sum Assured Multiples to align with your needs.

   • Joint Life Protection Option: Extend coverage to your spouse under the same policy through the Joint Life Protection option.

   • Enhance your Protection: Increase your risk cover with additional Riders, available upon payment of an extra premium.

4. ABSLI SecurePlus

   • Guaranteed income for your chosed benefit payout period to safeguard your savings

   • Get loyalty additions as an additional boost to your income payout benefit

   • Receive flexibility to receive a discounted value for future survival benefits as a lump sum on the basis of your needs

   • You can customise your Aditya birla life insurance with riders at nominal costs

   • Claim tax benefits as per the prevailing tax laws

5. ABSLI Guaranteed Milestone

   • Get guaranteed benefits on death or on maturity

   • Receive guaranteed additions that boost your corpus every year

   • Choose to cover your spouse within the same plan with the joint life option

   • Various rider options allow you to enhance the cover by paying an additional premium

   • Claim tax benefits as per the prevailing tax laws

6. ABSLI Savings Plan

   • Get guaranteed additions for the first 5 policy years

   • Receive regular bonuses from the 1st policy year

   • Customise the ideal life cover and policy term

   • Additional sum assured is payable in case of accidental death of the policyholder

7. ABSLI Assured FlexiSavings Plan

   • Get annual income benefits at the end of hte deferred period

   • Get an income booster of 5% of the accrued amount every year

   • Flexibility to choose from 2 plan options

   • Get loyalty additions with this Aditya Birla life insurance

   • Receive 10% additional benefits on the total premiums paid

8. ABSLI Assured Income Plus Plan

   • Long-Term Income: Secure guaranteed regular income for 20, 25, or 30 years to meet your recurring long-term needs.

   • Two Benefit Options: Choose between a) Income only Benefit or b) Income with Lump sum Benefit, aligning with your financial requirements.

   • Loyalty Additions: Enjoy additional boosts to the Income Benefit pay-out through Loyalty Additions.

   • Guaranteed Lump sum Benefit: Receive a guaranteed lump sum at the end of the benefit payout period, enhancing your savings.

   • Commutation Option: Opt for flexibility by receiving a discounted value of future survival benefits as a lump sum based on your needs.

   • Customizable Benefits: Enhance your insurance cover with suitable riders at a nominal extra cost, tailoring the policy to your preferences.

9. ABSLI Fixed Maturity Plan

   • Guaranteed Maturity Benefit: Receive a guaranteed lump sum at maturity regardless of market conditions.

   • Financial Security for your loved ones: Ensure comprehensive risk cover for your loved ones in the event of the life insured's death.

   • Flexibility: Choose from various Policy Terms and Sum Assured Multiples to tailor the policy to your specific needs.

   • Enhanced Benefit: Opt for higher premiums to enjoy an enhanced maturity benefit, adding extra value to your policy.

Aditya Birla Sun Life Insurance - ULIP Plans

Here is a list of all the Aditya Birla Sun Life Insurance - ULIP Plans:

1. ABSLI Fortune Wealth Plan

   • Flexibility to choose from 2 plan options: Classic Option and Assured Option, catering to your aspirations.

   • Flexibility to choose from a wide range of policy terms and premium paying terms.

   • Guaranteed additions in the form of additional units enhance the value of your policy.

   • Flexibility to choose from 5 investment options and 18 fund options to align with your investment needs.

   • Enjoy the flexibility of partial withdrawals, providing a resource for meeting emergency fund requirements.

2. ABSLI Platinum Gain Plan

   • Choose from 3 Premium Bands to tailor your policy to your budget.

   • Opt for a Sum Assured Multiple of 7X or 10X based on your coverage preferences.

   • Benefit from Wealth Boosters and Loyalty Additions added periodically to boost the Fund Value.

   • Enjoy the flexibility of selecting from 5 investment strategies and 18 funds, catering to your diverse investment needs.

3. ABSLI Smart Growth Plan

   • Flexibility to choose from a wide range of Premium Payment Terms and Policy Terms.

   • Choice of 5 investment strategies and 16 funds to suit your varied investment needs.

   • Flexibility to switch between all available funds at no additional cost.

   • Wealth Boosters and Loyalty Additions added periodically during the Policy Term to enhance your Fund Value.

   • Return of Mortality Charges at maturity to boost your Fund Value.

   • Systematic Withdrawal Facility to enable regular withdrawals from your Fund Value during the policy term to cater to your recurring monetary needs.

   • Life Cover throughout the Policy Term ensuring that your family is financially secured even in your absence.

4. ABSLI Wealth Infinia

   • Return of Mortality and Premium Allocation Charges at maturity to boost your Fund Value.

   • Systematic Withdrawal Facility to enable regular withdrawals from your Fund Value during the policy term to cater to your recurring monetary needs.

   • Life Cover throughout the Policy Term ensuring that your family is financially secured even in your absence.

   • Tax Benefits may be applicable on Premiums paid and Benefits received as per prevailing tax laws.

   • Choice of 5 investment strategies and 16 funds to suit your varied investment needs.

   • Flexibility to choose from a wide range of Policy Terms and Premium Paying Terms.

5. ABSLI Wealth Assure Plan

   • Investment cum Insurance plan providing financial security to your loved ones and offering the upside of market-related returns while safeguarding against downside risks.

   • Premium paying term of 5 years.

   • Flexibility to choose between 3 investment options to align with your investment needs.

   • Sum Assured plus Fund Value payable on the unfortunate death of the life insured.

   • Flexibility to add top-ups whenever you have additional savings.

   • Flexibility of partial withdrawals to meet any emergency fund requirements.

   • Tax benefits under Section 80C and Section 10 (10D) of the Income Tax Act, 1961.

Aditya Birla Sun Life Insurance - Retirement Plans

Here is a list of all the Aditya Birla Sun Life Insurance - Retirement Plans:

1. ABSLI Empower Pension Plan

   • With this aditya birla life insurance, you can withdraw anytime after 5 years for

   • Track investments easily online.

   • Choose your risk level: aggressive, moderate, or conservative.

   • 2 plans with guaranteed returns.

   • Invest anytime between 25 and 70.

   • This aditya birla life insurance allows you to choose when your payouts start.

   • Pay monthly, quarterly, half-yearly, or annually. ️

2. ABSLI Empower Pension - SP Plan

   • Guaranteed Additions: Gain extra units added to your policy for timely premium payments.

   • Vesting Benefit: Receive:

     • Assured Option: On vesting date, the greater of the guaranteed amount (net of withdrawals) or your policy fund value. Guaranteed amount depends on chosen vesting date and risk profile.

     • Self-Managed Option: Your policy fund value on vesting date.

   • Death Benefit: Upon the life insured's demise within the policy term, a benefit will be paid to your nominee. Policy terminates after payment. Refer brochure for details.

   • Surrender Benefit: During the policy term, you can surrender the policy for value as per Policy Discontinuance Section provisions.

   • Tax Benefits: Enjoy tax benefits under Sections 80CCC and 10(10A) of the Income Tax Act, 1961.

3. ABSLI Saral Pension Plan

   • Death Benefit: Option 1: Life Annuity with ROP:

     • 100% of purchase price paid to nominee/heirs upon annuitant's death.

   Option 2: Joint Life Annuity with ROP:

   • 100% of annuity continues to spouse as long as one annuitant lives.

   • Upon last survivor's death, Purchase Price paid lump sum to nominee/heirs.

   • Survival Benefit: Option 1: Life Annuity with ROP:

     • Fixed annuity guaranteed at policy inception, paid out regardless of death.

   Option 2: Joint Life Annuity with ROP:

   • Fixed annuity guaranteed at inception, paid till either annuitant dies.

   • Annuity paid in arrears based on chosen frequency.

4. ABSLI Guaranteed Annuity Plus Plan

   • Guaranteed Lifelong Income:

     • Annuity for life: Secure income payments that never stop as long as you live.

     • Single or joint life option: Choose coverage for yourself or yourself and your partner.

   • Increase Your Annuity:

     • Top-up option: Elevate your income over time by adding additional funds later.

   • Convenient Payout Frequency:

     • Flexible choices: Receive payments monthly, quarterly, half-yearly, or yearly to suit your needs.

   • Retirement Planning Made Easy:

     • Start now: Lock in current rates today for guaranteed future income.

     • Deferred option: Build your account first by delaying payment start.

   • Find the Right Option:

     • Wide range of annuity choices: Customize your plan to match your financial goals.

     • Flexible accumulation periods: Choose a savings duration from 5 to 15 years.

5. ABSLI Nishchit Pension Plan

   • Guaranteed corpus: Build a guaranteed retirement fund that grows steadily.

   • Bonus additions: Get periodic boosts to your corpus throughout the policy term.

   • Loyalty reward: Earn an extra bonus at the end if you keep up with your premiums.

   • Flexible payments: Choose how long you want to pay premiums.

   • Life insurance: Protect your loved ones with a life insurance cover that grows with your payments.

   • Vest Benefits up to 10 years: Wait up to 10 years to start receiving your retirement income if needed.

Aditya Birla Sun Life Insurance - Child Plans

Here is a list of all the Aditya Birla Sun Life Insurance- Child Plans:

1. ABSLI Vision Star Plan

   • Start earning: Regular payouts begin 5 years after your chosen premium payment period.

   • Choose your pace: Flexible premium and policy term options to fit your needs.

   • Guaranteed income: Multiple assured payout options for consistent income.

   • Bonus boost: Watch your savings grow with bonus accumulation over time.

   • Peace of mind: Secure your child’s future with a plan that adapts to your goals.

2. ABSLI Child Future Assured Plan

   • FLexibility to save for your child’s education, marriage, or both.

   • Choose flexible payment and policy durations for your aditya birla life insurance

   • Increase insurance protection with an enhanced cover option.

   • Add riders for personalized risk protection.

Why Should You Buy Aditya Birla Sun Life Insurance Plans?

Here are the reasons to buy Aditya Birla Sun Life Insurance Plans:

• Affordable Premiums: Aditya Birla Sun Life Insurance Plan offers cost-effective coverage for a specific period, making premiums lower than lifelong policies.

• Financial Security: Aditya Birla Sun Life Insurance Plan ensures your loved ones receive a death benefit, easing their financial burden upon your untimely demise.

• Flexibility: Customize your coverage and policy term to match your budget and specific needs.

• Tax Benefits: Avail tax benefits on premiums under Section 80C, and tax-free death benefits under Section 10(10D).

• Peace of Mind: Aditya Birla Sun Life Insurance Plan provides assurance that your loved ones will be financially protected in any unforeseen circumstances.

*Note: You can use the term insurance calculator and easily calculate the premium amount of your term plan.

What Riders Do You Get With Aditya Birla Sun Life Insurance?

Here are the riders that you can add to your existing base life or term insurance plan to avail extra benefits:

• Accidental Death Benefit Plus: Affordable protection if death results from an accident.

• Accidental Death & Disability: Get covered for death or disability due to accidents.

• Critical Illness Rider: Lump sum payout upon diagnosis of any of 4 specific critical illnesses.

• Hospital Care Rider: Daily cash, ICU bonus, and recovery benefit when hospitalized.

• Surgical Care Rider: Lump sum to cover surgical expenses.

• Waiver of Premium Rider: Future premiums waived for disability, death, or 4 major illnesses.

*Note: It is advised to firstly know what is term insurance and then buy the riders of Aditya Birla Sun Life Insurance.

How Can I Raise Complaints on Aditya Birla Sun Life Insurance?

In case of any problem that you face in regards to your life insurance policy or if you are not satisfied with any service offered by the company, you can raise a complaint to the customer care of Aditya Birla Sun Life Insurance. Below are the steps to raise a complaint:

• Step 1: Go to the customer service page and click on the “Give Feedback” option. 

• Step 2: You will be transferred to the complaint page where you have to register the complaint by using the “Click here” option. 

• Step 3: You will receive a reply from the customer service team within 10 days of registering the complaint, or you may receive a token number through your registered email. 

• Step 4: You can also approach the Grievance Redressal Office/Officer by using the token number if you feel your query hasn’t been resolved completely.

• Step 5: You can also post your complaint via post to Aditya Birla Sun Life Insurance.

What Are The Exclusions In Aditya Birla Sun Life Insurance?

Here are the exclusions in the Aditya Birla Sun Life Insurance:

Suicide: If the policyholder/sum assured commits suicide within 1 year of buying the aditya birla life insurance policy, his/her nominees will not be able to claim the death benefit.