The plan is particularly beneficial for those looking to provide a safety net for their loved ones while taking advantage of attractive discounts available on Policybazaar. In this article, we will discuss who can buy the ABSLI Income Suraksha Plan and the eligibility criteria.
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 plan designed for salaried people. If something happens to you, it provides your family a regular monthly income. You can choose between two plan options: Fixed Income Protection, which gives a set amount each month, or Increasing Income Protection, where the amount increases by 5% annually to help counteract inflation. This flexible plan offers strong coverage to support your family’s financial needs over time. The term insurance plan is flexible and offers good coverage, ensuring your family’s financial needs are met over time.
Who can Buy ABSLI Income Suraksha Plan?
The Aditya Birla Sun Life Insurance (ABSLI) Income Suraksha Plan is ideal for salaried individuals who want to safeguard their loved ones financially in the event of unforeseen circumstances. This plan provides a reliable monthly income to beneficiaries, ensuring that families can maintain their financial stability during challenging times. Importantly, the ABSLI Income Suraksha Plan is inclusive and available for all without gender disparity. It is available for males, females, and transgender, making it a versatile option for everyone looking to secure their family’s future. By choosing this plan, policyholders can be assured that they are making a responsible decision that supports their loved ones.
Let’s understand the eligibility criteria for the Income Suraksha Plan offered by Aditya Birla Sun Life Insurance:
Parameters |
Minimum |
Maximum |
Entry Age |
21 years |
55 years |
Maturity Age |
31 years |
70 years |
Sum Assured |
Rs. 25 Lakhs |
Rs. 25 Crores |
Premium Payment Mode |
Monthly, Quarterly, Half-yearly, Yearly |
Premium Payment Term |
Limited Pay: 5, 7, 10, 12, 15 and 20 years Regular Pay: Same as Policy Term |
Policy Term |
For Limited Pay: PPT + 5 years For Regular Pay: 10 years |
49 years |
Modal Factors |
Annual: 0% Half-Yearly: 4% Quarterly: 6% Monthly: 8% |
Monthly Income |
Minimum: Rs. 20,833.33 |
Discounts |
For Males & Transgenders: 7% For Females: 9% For Salaried Individuals: 4% Online Discount |
Why Should You Buy ABSLI Income Suraksha Plan From Policybazaar?
ABSLI Income Suraksha Plan is exclusively available on Policybazaar now. Here’s why you should consider buying the ABSLI Income Suraksha Plan from Policybazaar:
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Affordable Premium Rates: Policybazaar offers low prices for term insurance, so you can find options that fit your budget.
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Extra Discounts: You can get special discounts and benefits you won’t find elsewhere.
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Easy Comparison: You can look at over 20+ term insurance plans, making it easy to find the one.
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Simple Online Process: You can buy your insurance online without completing much paperwork.
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Helpful Support: Policybazaar’s customer support can assist with any questions or issues. You can always contact Policybazaar’s insurance advisors to get all your queries and doubts solved.
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Smooth Claims: If you need to make a claim, Policybazaar will help make the process as smooth as possible. You can always avail of Policybazaar’s Dedicated Claim Assistance Program to ensure hassle-free claim settlement.
*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.
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: Go to Policybazaar’s official site and click “Term Insurance.”
Step 2: Next, submit your name, contact details, gender, and DoB.
Step 3: Submit details about your job, yearly income, educational qualification, and smoking/tobacco habit.
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: It is wise to know what is term insurance at first and then buy the Aditya Birla Sun Life Insurance Income Suraksha Plan online.