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Discounts# In ABSLI Income Suraksha Plan

The Aditya Birla Sun Life Insurance (ABSLI) Income Suraksha Plan is designed to provide essential financial security for salaried individuals, ensuring their families are supported in the event of an unforeseen loss. This plan not only offers monthly income to beneficiaries but also comes with attractive discounts.

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Policyholders can enjoy one-time discounts of up to 11%# upon buying this term plan from Policybazaar. Understanding the ABSLI Income Suraksha Plan, its benefits and available discounts can significantly enhance your financial planning. Let’s explore these details further.

What is Aditya Birla Sun Life Insurance (ABSLI) Income Suraksha Plan?

The Aditya Birla Sun Life Insurance (ABSLI) Income Suraksha Plan is a term insurance policy designed for salaried individuals. It ensures your family receives a steady monthly income if something happens to you during the policy term, helping them manage finances during tough times.

You can choose between two protection options: the Fixed Income Protection, which provides a consistent monthly payout, or the Increasing Income Protection, which offers a monthly amount that grows by 5% each year. This annual increase helps your family keep up with inflation. With its flexibility and comprehensive coverage, this term insurance plan effectively meets your family’s financial needs throughout the policy term.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

What are the Discounts# available in ABSLI Income Suraksha Plan?

The one-time discounts available in the Insurance Income Suraksha Plan offered by Aditya Birla Sun Life Insurance are:

  1. Up to 11% Discount# for Salaried Individuals:

    • First-Year Discount: Enjoy a 7% discount on your premium in the first year, making it more affordable to secure your family’s financial future.

    • Special Online Discount: Receive an additional 4% discount# when enrolling online. This means you can save 11% on your premium, helping you provide essential protection without straining your budget.

  2. Exclusive 13% Discount# for Female Customers:

    • First-Year Discount for Women: Female policyholders benefit from a 9% first-year discount. This recognition acknowledges the vital role women play in financial planning.

    • Online Enrollment Bonus: Like salaried individuals, female customers can also access a 4% online discount, bringing the total savings to 13%. This tailored approach aims to empower women to ensure their families' financial security with this life insurance plan.

What are the Features of ABSLI Income Suraksha Plan?

Here are the key features of the ABSLI Income Suraksha Plan:

  • Offers financial security for your family in case of unexpected events like your sudden death.

  • Choose from two plan options to customize your protection with this Aditya Birla Term Insurance plan:

    • Fixed Income Protection

    • Increasing Income Protection 

  • Flexibility to choose either a Limited or Regular Premium Payment Term.

  • Option to add extra coverage with optional riders for additional protection.

  • Tax Benefits under applicable sections of the Income Tax Act of 1961.

*Note: Aditya Birla Sun Life Insurance Claim Settlement Ratio (CSR) for FY 2022-23 is 98.40% and the solvency ratio is 1.78, thereby making it an ideal choice for customers to buy term plan from.

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Get an online discount of upto 15%#

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How to Buy ABSLI Income Suraksha Plan From Policybazaar? 

The ABSLI Income Suraksha Plan is currently available on Policybazaar’s platform. 

Here are the steps to buy the Aditya Birla Sun Life Insurance Income Suraksha Plan from Policybazaar:

Step 1: Visit Policybazaar’s official site and click on “Term Insurance.”

Step 2: Fill in your name, contact information, gender, and date of birth.

Step 3: Provide details about your job type, annual income, education, and smoking or tobacco use.

Step 4: Choose the Aditya Birla Sun Life Insurance Income Suraksha Plan from the list of options.

Step 5: Pay using your preferred method to finalize the process.

Note: You should also check the term insurance benefits if you are planning to purchase the term insurance plan.

FAQs

  • Q: What is the ABSLI Income Suraksha Plan?

    Ans: The ABSLI Income Suraksha Plan is a term insurance policy specifically designed for salaried individuals. It ensures that your family receives a steady monthly income in the event of your unforeseen demise, helping them manage their finances during tough times. You can choose between two options: Fixed Income Protection for a consistent payout or Increasing Income Protection that grows by 5% annually.
  • Q: What discounts# are available with the ABSLI Income Suraksha Plan?

    Ans: Policyholders can enjoy significant one-time discounts. Salaried individuals can receive up to an 11% discount, which includes a 7% first-year discount and an additional 4% special online discount. Female customers can benefit from a total of 13% off, which consists of a 9% first-year discount plus the 4% online discount.
  • Q: What are the key features of the ABSLI Income Suraksha Plan?

    Ans: Key features include:
    • Financial security for your family in case of unexpected events.
    • Choice between Fixed Income Protection and Increasing Income Protection.
    • Flexibility to select either Limited or Regular Premium Payment Terms.
    • Optional riders for extra coverage.
    • Tax benefits under applicable sections of the Income Tax Act of 1961.
  • Q: How do I buy the ABSLI Income Suraksha Plan from Policybazaar?

    Ans: You can purchase the plan by following these steps:
    • Visit Policybazaar’s official website and click on “Term Insurance.”
    • Fill in your name, contact details, gender, and date of birth.
    • Provide information about your job type, annual income, education, and smoking/tobacco habits.
    • Select the ABSLI Income Suraksha Plan from the list.
    • Make your payment using your preferred method to complete the process.
  • Q: What is the Claim Settlement Ratio of Aditya Birla Sun Life Insurance?

    Ans: For FY 2022-23, Aditya Birla Sun Life Insurance has a claim settlement ratio of 98.40% and a solvency ratio of 1.78. This high ratio indicates strong reliability and efficiency in settling claims, making it a trustworthy choice for purchasing a term plan.
  • Q: Which companies are part of the Aditya Birla Group?

    Ans:
    • Ultratech Cement
    • Pantaloons
    • Hindalco
    • Reebok
    • Van Heusen
    • Vi
    • Peter England

Super Income Suraksha

˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com  in the first 6 months of FY 24-25.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

+Rs. 487/month (Rs.16/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 38 years of age.

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

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+Rs. 820/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 38 years of age.

+Rs. 1,443/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 38 years of age.

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