Aditya Birla Life Insurance
- Variety of plans
- 24/7 assistance
- Hassle-free buying process
Aditya Birla Sun Life Insurance Company or ABSLI, formerly known as Birla Sun Life Insurance Co. Ltd., started its operations in India on January 17th, 2001. The company is a joint venture between Aditya Birla Group, a global enterprise, and Sun Life Financial, one of Canada's top financial service organizations. It offers a range of products including wealth protection plans, health plans, retirement and pension solutions, children plans, unit-linked insurance plans (ULIPs), and traditional term plans. Aditya Birla Sun Life Insurance has a distribution network in over 500 cities with 560 branches and more than 140 partnerships with corporate agents, brokers, and banks. Moreover, Aditya Birla Life Insurance has a revenue of Rs. 15,069.69 Crore and a claim settlement ratio of 98.12% and managed to touch a substantial customer base of over 17 lakhs.
Aditya Birla Life Insurance ensures to look after your insurance needs by offering:
Whole life comprehensive coverage
Affordable premiums
Monthly income option
Tax benefits
To get more insight into Aditya Birla Life Insurance Company's performance, take a look at the below key highlights that will help you to analyze the company based on its performance:
Aditya Birla Life Insurance has a Solvency Ratio of 1.7 as per the IRDAI annual report 2022-23. The solvency ratio helps the prospective policyholder assess the ability of a company to meet its financial obligations. As of now, IRDAI mandates maintaining a solvency ratio of 1.50 for every insurer.
To cater to the dynamic insurance needs of an individual and their family, Aditya Birla Life Insurance comes with a range of plans. This allows their customers to choose an ideal plan for themselves. The company ensures to offer a plan for everyone.
| Plan | Entry Age | Tenure | Minimum Sum Assured | Unique Features |
|---|---|---|---|---|
| Birla sunlife fixed maturity plan | 8 years | Rs. 15000- no limit | Rs.15000 |
|
There are various features to Aditya Birla Life Insurance, Let's understand each of them in detail:
Aditya Birla Sunlife Fixed Maturity Plan is a non-linked, non-participating endowment product providing fully guaranteed benefits as a lump-sum on mat...
Unique Features
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There are multiple benefits of Aditya Birla's Life Insurance. Read below to understand the plethora of advantages provided by the insurer.
Aditya Birla's Life insurance plans list is long and all plans provide an overall coverage to meet various needs and suit various requirements.
The death benefit might be used to settle debts, make up for lost income, or fund schooling. Therefore, even after his passing, the policyholder's family will have financial security.
Aditya Birla's life insurance plans are very flexible in nature, as the customer can easily make modifications to the plans according to his needs. The policyholder can add riders, addon benefits or even can customize policy sum and tenure.
By providing policyholders with access to 24-hour customer care, the company helps them. The expert teams help the customers to buy plans, settle claims and help them with their queries.
Here are the rider options you can avail with Aditya Birla Life Insurance Plans to enhance your coverage:
In case the policyholder is diagnosed with any of the critical illnesses mentioned in the plan benefits are paid to them within 14 days.
In case the policyholder becomes completely disabled due to an illness or accident or is diagnosed with any of the specified critical illnesses or death of the proposer (if not the life insured), then all the future premiums will be waived
Rider benefits are paid in case of death or disability of the policyholder due to the accident
100% of the rider sum assured is paid on survival of 30 days from the date of confirmed diagnosis.
Here is the list of documents required to buy Aditya Birla Life Insurance:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Aditya Birla Life Insurance allows you to buy life insurance plans via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of buying processes.
Fill out the form given at the top of this page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, and riders (if required), and then proceed to make the payment. Once the payment is made, you will get a payment confirmation at your registered email address.
Visit the Aditya Birla's Life Insurance official website and scroll down to the end of the page.
Click on the 'Buy Online' tab under Popular Links.
Click on the tab 'Know More' under the types of plans.
Click on the tab 'Calculate' at the top right corner of the page.
Fill in the required details, and click on the tab 'Calculate'. Once the payment is made, you will get a payment confirmation at your registered email address.
Every claimant/nominee is assigned a dedicated Claims Relationship Officer who helps through the entire process. The life insurance claim Settlement process at Aditya Birla Life Insurance involves the following three steps:
Inform the company about the incident via various channels-either by writing an email to Aditya Birla Life at claims@adityabirla.com, calling the toll-free number (1800-103-7766), filling out the online claim form on its website, or visiting the nearest branch. A claim reference number/intimation number will be provided to you upon successful registration of the claim.
You have to submit the necessary documents requested by the insurer to process the claim.
In case of natural death: death claim form, death certificate, original policy documents, claimant's identity & residence proof, medical records, and account details of the nominee.
In case of an accidental death: the same documents with two additional ones: FIR and post-mortem report.
Once Aditya Birla receives your claims they will verify all the details. Moreover, they can ask you for any additional documents if required. Aditya Birla will send you a claim reference number after verifying the submitted documents.
Aditya Birla's Insurance settlement procedure can be reported by visiting the local Branch Office. For the details of Aditya Birla's Life Insurance, you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.
If you have any more queries regarding Aditya Birla Life Insurance Plans,
Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!
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Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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