ABSLI Life Shield Plan vs Edelweiss Life Total Protect Plus Plan

ABSLI Life Shield Plan

Premium starts ₹637/month

Claim Settlement Ratio

98.86%

Edelweiss Life Total Protect Plus Plan

Premium starts from ₹653/month

Claim Settlement Ratio

99.31%

₹1 Crore Life cover starting from ⁺

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Know More About Plans

ABSLI Life Shield Plan is a non-participating term insurance plan with 8 plan variants ranging from level and decreasing to increasing cover. Get your 100% paid premium back in case you survive the policy term. Choose to pay your premiums monthly, quarterly, semi-annually or annually. A death benefit can be availed as a lump sum and as a staggered income to meet your diverse financial requirements. You can even add optional riders to the base plan to increase coverage.

Here are some key features of this plan:

Multiple plan variants

Return of premiums on maturity

Joint life protection

Waiver of premiums available

Inbuilt terminal illness benefit

Enhanced life stage protection

Comparison Between Plans

Parameter

Aditya Birla Sun Life Insurance Life Shield Plan

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Edelweiss Life Total Protect Plus Plan

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About Plan (9 Key Differences)

Key Features

8 plan options available
Inbuilt terminal illness benefit
Return of premiums at maturity

Whole life term insurance optional
Additional benefits at extra premiums
Add riders for extra protection

Plan Entry Age

For plan variant 1, 3, 5, 7: 18 to 65 years
For plan variant 2, 4, 6, 8: 18 to 50 years

Minimum: 18 years

Maximum:

Life cover option:
PPT of 5, 7, 10, 15, 20 years: 65 years
PPT with Regular Pay: 55 years

Return of premiums option:
PPT of 5, 7, 10, 15, 20 years: 60 years
PPT with Regular Pay: 50 years

Live long option:
Income Payout Commencement age 60: 50 years
Income Payout Commencement age 65: 55 years

Plan Maturity Age

85 years

Minimum:
Life cover option: 28 years

Return of premium option: 28 years

Live long option:
Income Payout Commencement age 60: 70 years
Income Payout Commencement age 65: 75 years

Maximum: 100 years

Policy Term

Plan variant 1 - 6: 10 - 55 Years
Plan variant 7 & 8: 20 - 55 years

Minimum:
Life cover option & Return of premiums option:
5 pay, 7 pay & Regular Pay: 10 years
10 Pay: 15 years
15 pay: 20 years
20 Pay: 25 years

Live long option:
5 Pay, 7 Pay, 10 Pay & 15 Pay: 20 years
20 Pay: 25 years

Maximum: 100 years less age at entry

Premium Paying Term

Single Pay
Limited Pay – 6, 8, 10 Years
Regular Pay

For Life cover & Return of premium options:

Regular Pay: Same as Policy term
Limited Pay: 5, 7, 10, 15, 20 years

Live long option:
Limited Pay: 5, 7, 10, 15, 20 years
Regular Pay: Not available

Plan Sum Assured

Minimum: Rs. 25,00,000
Maximum: No Limit

Minimum:
Life cover option: Rs. 25,00,000
Return of premiums option: Rs. 10,00,000
Live long option: Rs. 25,00,000

Maximum: No Limit

Plan Variants

Level Term Assurance
Level Term Assurance with Waiver of Premium (WOP) Benefits
Increasing Term Assurance
Increasing Term Assurance with Waiver of Premium (WOP) Benefits
Decreasing Term Assurance
Decreasing Term Assurance with Waiver of Premium (WOP) Benefits
Return of Premium
Return of Premium with Waiver of Premium (WOP) Benefit

Life Cover Option
Return of Premiums Option
Live Long Option

Plan Payment Modes

Monthly, Quarterly, Half-yearly, Yearly

Terminal Illness Cover

50% of Sum Assured on Death is paid on diagnosis and all future premiums are waived off

Not Available

Payout Options

Lump sum, Installments

Lump sum, Monthly Income

Maturity Benefit

Plan variant 1-6: No maturity
Plan variant 7 & 8: Return of premiums paid

Life cover option: No Maturity Benefit
Return of premiums option: 100% return of paid premiums
Live long option: sum assured on maturity is paid

Claim Settlement Ratio

98.86%

99.31%

Rider of Different Plans

ABSLI Critical Illness Rider

Add this rider to get a lump sum paid out on diagnosis of any 4 critical illnesses.

ABSLI Surgical Care Rider

Get a lump sum payout to cover your surgery expenses.

ABSLI Hospital Care Rider

Get paid daily benefit, ICU benefit and even a lump sum amount for recuperation during your hospital stay.

ABSLI Accidental Death Benefit Rider Plus

Add this rider for additional protection against accidental death.

ABSLI Accidental Death and Disability Rider

Add this rider to get an additional payout in case of accidental death or disability.

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

+On the basis of your profile

+Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 410/month (Rs.14/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age rounded off to nearest 10

+Rs. 245 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 15/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 504/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 494/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 636/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 918/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,286/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 453/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.582/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 786/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,592/month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 525/month is the starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 68 years of age.

+Rs. 668/month is starting price for a 2 crore term life insurance for an 25 year-old male, non-smoker, with no pre-existing diseases, cover upto 45 years of age.

+Rs. 1,200/month is starting price for a 2 crore term life insurance for an 35 year-old male, non-smoker, with no pre-existing diseases, cover upto 55 years of age.

+Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 577/month is starting price for a 1 crore term life insurance for an 18 year-old Male, self employed, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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