ABSLI Life Shield Plan vs TATA AIA Saral Jeevan Bima

ABSLI Life Shield Plan

Premium starts ₹637/month

Claim Settlement Ratio

98.86%

TATA AIA Saral Jeevan Bima

Premium starts from ₹604/month

Claim Settlement Ratio

99.45%

₹1 Crore Life cover starting from ⁺

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Know More About Plans

Aditya Birla Sun Life Insurance Life Shield Plan is a term insurance plan that allows you to choose from 8 plan options and increase your insurance coverage with every new stage in life. Individuals aged 18 years onwards can opt for this comprehensive plan. ABSLI Life Shield Plan has an inbuilt terminal illness benefit and other riders can also be added for advance risk protection.

Here are some key features of this plan:

8 distinct plan options

Single, limited and regular premium paying options

Minimum sum assured of 25 Lakh

Return of premiums at maturity

Add your spouse to the same plan

Waiver of premium available

Comparison

Comparison Between Plans

Aditya Birla Sun Life Insurance Life Shield Plan

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TATA AIA Life Insurance Saral Jeevan Bima

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About Plan (9 Key Differences)

Key Features

8 plan options to choose from
Spouse can be included in the same policy
Option to enhance cover at key milestones

Attractive premiums for women
Flexible policy term
Add riders for increased coverage

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: 65 years

Plan Maturity Age

85 years

70 years

Plan Policy Term

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

Minimum: 5 years
Maximum: 40 years (subject to maximum maturity age)

Premium Paying Term

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

Regular pay: Equal to policy term
Limited pay: 5 to 10 years subject to premium term being less than policy term
Single pay: Lump sum at policy inception

Plan Sum Assured

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

Minimum: Rs. 5,00,000
Maximum: Rs. 49,50,000 with the limit reviewable as per BAUP

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

Not Available

Premium Paying Frequency

Monthly, Quarterly, Half-yearly, Yearly

Single, Monthly (only with ECS/NACH), half-yearly, yearly

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

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

Not Available

Claim Settlement Ratio (2025-26)

98.86%

99.45%

Rider of Different Plans

ABSLI Critical Illness Rider

Add this rider to receive benefits on diagnosis of critical illnesses.

ABSLI Surgical Care Rider

Add this rider for additional payout to cover surgery costs.

ABSLI Hospital Care Rider

Daily cash benefits, ICU benefits and a lump sum for recuperation during your hospital stay are provided under this rider.

ABSLI Accidental Death Benefit Rider Plus

Add this rider to add protection against accidental death.

ABSLI Accidental Death and Disability Rider

Add this rider for protection against accidental death or permanent 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 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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