Aditya Birla Sun Life Term Insurance Plans

About Aditya Birla Sun Life Term Plan

Aditya Birla Sun Life Term Plan provides comprehensive term insurance to people making sure their loved ones are protected in the event of the policyholder’s unfortunate death. It has a CSR (claim settlement ratio) of 98.65% in the financial year 2024-25, which indicates a track record of settling claims quickly and efficiently. This suggests reliability and customer-centric service of the insurance company. With flexible options for coverage and tenure, this plan allows individuals to tailor their insurance to their specific needs and budget. It offers affordable premiums and the assurance of a tax-efficient policy under applicable sections of the Income Tax Act. 

Why Should You Buy Aditya Birla Sun Life Term Plan?

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

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

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

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

• Tax Benefits: Enjoy tax benefits on premiums under Section 80C, and tax-free death benefits under Section 10(10D) with this term insurance.

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

Aditya Birla Sun Life Term Plans

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

1. 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.

2. 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.

   • 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.

3. ABSLI Life Shield Plan

   • Multiple plan options to match diverse protection needs.

   • Enhance coverage at significant life milestones.

   • Spouse coverage available under the same policy.

   • Choose the Return of Premium option.

   • Includes an Inbuilt Terminal Illness Benefit.

   • Expand insurance with 5 rider options:

     • ABSLI Critical Illness Rider

     • ABSLI Surgical Care Rider 

     • ABSLI Hospital Care Rider

     • ABSLI Accidental Death & Disability Rider

     • ABSLI Accidental Death Benefit Rider Plus

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

   • 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.

   *Note: It is advisable to firstly understand what is term insurance and then buy term plan from Aditya Birla Sun Life Insurance.

How To Buy Aditya Birla Sun Life Term Plan From Policybazaar?

Below are the steps to buy Aditya Birla Sun Life Term Plan from Policybazaar:

Step 1: Visit the official Policybazaar website and go to the Term Insurance section.

Step 2: Provide your name, contact details, gender, and date of birth.

Step 3: Enter the information regarding your job type, yearly income, educational qualifications, and smoking/tobacco consumption habits.

Step 4: Choose the Aditya Birla Sun Life Term Insurance Plan from the list of term insurance plans that appears.

Step 5: Pay using your preferred mode to complete the process.

*Note: You can easily use the term insurance calculator to quickly calculate your term life insurance premium amount of your selected Aditya Birla Sun Life Term Plan.

What Are The Exclusions In Aditya Birla Sun Life Insurance?

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

Suicide: If the life assured/policyholder commits suicide within a year of buying the term life insurance policy, the beneficiaries/nominees will not be able to claim the Aditya Birla Sun Life Term Plan death benefit.

Note: Check out the best term life insurance in India and choose one that suits your requirements.

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