ABSLI Life Shield Plan vs HDFC Life Group Suraksha Plan

ABSLI Life Shield Plan

Premium starts ₹637/month

Claim Settlement Ratio

98.9%

HDFC Life Group Suraksha Plan

Premium starts from ₹501/month

Claim Settlement Ratio

99.7%

LIC Plans-

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Tax saving under Sec 80C & 10(10D)^

Guaranteed maturity with life cover for securing family's future

Sovereign guarantee as per Sec 37 of LIC Act

We are rated⁺⁺

15.8 Crore

Registered Consumer

Insurance Partners

7.16 Crore

Policies Sold

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We are rated⁺⁺

15.8 Crore

Registered Consumer

Insurance Partners

7.16 Crore

Policies Sold

Know More About Plans

ABSLI Life Shield Plan is an affordable term insurance plan that helps you safeguard your family’s financial interest by increasing the life cover at life changing events like getting married or having a child. You can choose from level, increasing and decreasing life cover options. Also avail a 100% return of premiums on driving the maturity of the policy. Opt for waiver of premiums on disability, diagnosis of critical illness and terminal illnesses.

Here are some key features of this plan:

8 plan options to choose from

Joint life protection for spouse

Flexible premium frequency

Inbuilt terminal illness benefit

Available payout in installments

Comparison

Comparison Between Plans

Aditya Birla Sun Life Insurance Life Shield Plan

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HDFC Life Insurance Group Surkasha Plan

Check Premium

About Plan (9 Key Differences)

Key Features

Multiple plan options
Joint life protection for spouse
Flexible premium frequency and policy term

Group term insurance plan
Dual plan options available
Joint life inclusion

Plan Entry Age

Variants 1, 3, 5, 7: 18 to 65 years
Variants 2, 4, 6, 8: 18 to 50 years

Minimum: 14 years

Maximum:
Single Premium: 69 years
Limited Premium: 60 years
Regular Premium: 68 years

Plan Maturity Age

85 years

Minimum:
Single Premium: 14 years
Limited Premium: 24 years
Regular Premium: 19 years

Maximum: 70 years

Plan Policy Term

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

The master policy remains in-force indefinitely until terminated

Premium Paying Term

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

Single Premium
Limited Premium: 5 years
Regular Premium: 2, 10 years

Plan Cover Term for Member

Not Available

Minimum:
Single Premium: 1 month
Limited Premium: 10 years
Regular Premium: 2 year

Maximum:
10 years (120 months)

Plan Sum Assured

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

Sum assured per member:
Minimum: Rs. 5,000
Maximum: Rs. 2,00,000

Plan Group Size

Individual

Minimum: 5 members
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

Level Cover Option
Decreasing Cover Option

Premium Paying Frequency

Monthly, Quarterly, Half-yearly, Yearly

Single Pay, Monthly, Quarterly, Half-yearly, Yearly

Income Payout Term

For variants 1 & 2: Fixed annual income or Increasing annual income is paid for 10 or 15 years

Not Available

Terminal Illness Sum Assured

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

Maximum TI: 2.5 crore

Not Available

Payout Options

Lump sum, Installments

Lump sum

Maturity Benefit

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

Not Available

Claim Settlement Ratio (2025-26)

98.86%

99.72%

Riders of Different Plans

ABSLI Accidental Death Benefit Rider Plus

Add this rider to get an additional benefit against accidental death.

ABSLI Accidental Death and Disability Rider

Add this rider for added benefit in case of death or total and permanent disability due to an accident.

ABSLI Critical Illness Rider

Add this rider to get a lump sum payout on diagnosis of any critical illness.

ABSLI Surgical Care Rider

Add this rider to get a lump sum payout to cover your surgical costs.

ABSLI Hospital Care Rider

Get daily cash benefits, ICU benefits, and a lump sum amount for recovery during your hospital stay.

Different types of Plans

Term Insurance Plan

Life Insurance

TROP

Term Insurance For Senior Citizen

Term Insurance For Spouse

Term Insurance For Family

Term Insurance For NRI

List of Term Insurance In India

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1 Crore Term Insurance

2 Crore Term Insurance

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar 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