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Aditya Birla Sun Life Insurance Company Limited (ABSLI) is a joint venture between the Aditya Birla Group, a well known Indian conglomerate and Sun Life Financial Inc, one of the leading international financial services organizations from Canada. With an experience of over a decade, ABSLI has contributed to the growth and development of the Indian life insurance industry and currently is one of the leading life insurance companies in the country. ABSLI gives various product bouquet which includes an extensive range of solutions including wealth management, life insurance, children’s future plan, retirement planning, health & well being and lots more.
When you’re on the lookout to lay a foundation for the economic security of your family, Birla Sun Life’s term plans will help you cope with the financial impact of an unforeseen emergency. The corporation gives 5 products in this segment, each of which come with rates which are low cost and features that offer peace of mind. From the growing sum assured options, inbuilt benefits for disability & waiver of premiums, to a variety of riders for stronger safety, these plans had been designed with the precise financial requirements of a bread-winner.Term Plans:
Term Plans referred as the purest kinds of insurance, their goal is to offer pure safety towards life’s uncertainties. The idea is easy – you pay a premium every year for a specific period of time, and if any untoward incident happens at some point of the term of the policy, the nominee gets a lump sum benefit as selected by you at policy inception. Term plans provide you with the self-belief to fulfill life’s challenges head-on, knowing that your family’s financial wishes will be catered in your absence.Features of Birla Sun Life Term Insurance Plans
A complete suite of Riders to choose from.
Various premium payment modes.
Income Tax advantages.
With a higher sum assured, it protects your family;s future and ensures that they live without any financial worries. In the case where the life insured suffering from total and permanent disability during the policy term, 50% of the sum assured at inception subject to a maximum of Rs 50,00,000 will be paid to the life insured. Death benefit under the policy will remain unaffected.
This plan offers complete financial freedom, even when you're not around, so that your loved ones live comfortably. This plan is ideal for you if you want an economical way of providing life insurance cover and would like to protect your family in the unfortunate event of you not being around, yet receive all your premiums back on maturity.
It safeguards you from unforeseen events by ensuring maximum benefits and utmost security for your family. This plan helps you to ride the highs of life while overriding the lows. You may opt to increase your life cover on the occurrence of each of the events without undergoing for any fresh medical examination under level term assurance option.
It offers the financial support needed to protect your loved ones even in case of death or other unforeseen circumstances. It ensures that the family continues to earn the same monthly salary or income necessary to enjoy the same lifestyle as earlier. It allows you to enhance your insurance with an appropriate rider option.
ABSLI DigiShield offers you the freedom to choose your sum assured and plan option, depending on your needs. Once you choose a sum assured, the plan option determines the enhancements to your chosen life cover over the course of your policy. It provides the flexibility to choose your policy term and premium paying term.
Following are some of the benefits of choosing Birla Sun Life Insurance.Protection
Term Insurance is the cheapest and simplest form of insurance. It is a risk cover and is determined by the sum assured. Upon the loss of life of the policyholder, the predetermined amount is paid to the nominee. With concrete dedication towards monitoring down the investment industry, first-class businesses for its traders, Birla Sun life has the continued adherence to the safety of their customer’s money.Tax Advantages
Furthermore, traders stand to save on taxes with Birla Sun Life under section 80C of the Income Tax Act, 1961 provides options for saving.Wealth advent
It's also a beneficial solution for people pursuing wealth advent.
Yes, you may increase the sum assured (plan base) by providing a written and signed by the policyholder.
You can take a loan in opposition to your policy. Please discuss your policy report for information minimum and maximum mortgage.
Your policy documents might be dispatched to your registered mobile number and e-mail.