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Aditya Birla Sun Life Insurance Launched its Salaried Term Plan for Salaried Customers

ABSLI, or Aditya Birla Sun Life Insurance, recently launched its Salaried term plan for salaried customers that allows them to secure their loved ones at affordable premiums for the long term. The plan offers an inbuilt terminal illness coverage and allows you to get enhanced coverage against a variety of 42 critical illnesses as well. You can easily buy the plan from Policybazaar in just a few minutes from the comfort of your home. 

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What are the Features and Benefits of ABSLI Salaried Term Plan?

  • Choose from 4 plan options: Life cover, cover with return of premium, fixed income cover, and increasing income cover options

  • Select from 3 death benefit payout options: lump sum, level monthly income, and increasing monthly income options

  • The plan provides an inbuilt terminal illness cover 

  • Get coverage against 42 critical illnesses with the plan’s accelerated critical illness cover 

  • The plan offers the chance to get covered under the plan till 70 years of age 

  • Get the option of adding riders to the base plan for enhanced coverage with accidental death rider, accidental death and disability rider, critical illness rider, hospital care rider, waiver of premium, and surgical care rider

  • The plan offers tax benefits as per the prevailing tax laws u/s 80C and 10(10D)

What are the Eligibility Conditions for ABSLI Salaried Term Plan?

Parameters Minimum Maximum
Entry Age 21 years 55 years
Maturity Age 70 years
Premium Pay Term Regular Pay
Limited Pay for 5, 7, 10, 12, 15 and 20 years
Policy Term Regular Pay - 10 years
>Limited Pay - PPT + 5 years
49 years
Sum Assured Rs. 50 Lacs Rs. 5 Crores

* You can also use a term insurance calculator to get an estimate of the premium amount you need to pay for the desired life cover.

The ABSLI Salaried term plan can help your family members live a financially stable life in your absence. You can check and compare the features offered by the plan to see if it fits your needs and requirements.

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