Aditya Birla Sun Life vs Icici Ulip Plans Life Insurance 2026 | PolicyX
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Overview

Aditya Birla Sun Life Insurance: Overview

Aditya Birla Sun Life Insurance Company (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. ABSLI offers a range of products including wealth protection plans, health plans, retirement and pension solutions, children's 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. Aditya Birla Life Insurance has a revenue of Rs. 15,069.69 Crore and a claim settlement ratio of 98.12%, serving 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
COMPANY DETAILS ✎ Edit

Aditya Birla Sun Life

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Icici Ulip Plans
Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

₹ 20638.77 crore

Annual Premiums Collected (2024-25)

₹ Rs 1 lakh to No limit
Payout Options

Payout Options

Lump sum, regular frequencies or a combination of both

Payout Options

-
Claim ratio

Payout Options

98.65%%

Payout Options

Minimum Age- 14 year%
Solvency Ratio

Solvency Ratio

1.88

Solvency Ratio

70 years
Pan India Presence

Pan India Presence

1048+

Pan India Presence

Annual, half-yearly,
Riders Available

Riders Available

accidental death and disability riders, critical-illness riders, hospital and surgical care riders, waiver of premium, accelerated/terminal illness benefits

Riders Available

10 to 30 years
Policy Term

Policy Term

10-55 years

Policy Term

10 to 30 years
Inception year

Inception year

-

Inception year

-
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

-

Complaint ratio per ₹1 crore of premium collected

-
Average claim settlement time

Average claim settlement time

-

Average claim settlement time

-
IRDAI registration number

IRDAI registration number

-

IRDAI registration number

-
Awards and recognitions

Awards and recognitions

-

Awards and recognitions

-

Riders

Riders You Can Avail With Aditya Birla Sun Life Insurance Plans

Rider Name Benefit
ABSLI Comprehensive Critical Illness Rider This rider offers additional benefits and protection against up to 64 critical illnesses mentioned in the brochure.
ABSLI Waiver of Premium Rider This rider waives future premiums if you are unable to pay due to financial difficulties.
ABSLI Accidental Death and Disability Rider Offers additional benefits in case of accidental death or accidental disability.
ABSLI Critical Illness Rider Covers 4 major illnesses: first heart attack of specified severity, cancer of specified severity, stroke resulting in permanent symptoms, and major organ/bone marrow transplant.
ABSLI Accidental Death Benefit Rider Plus In the unfortunate event of the life insured's death due to an accident, 100% of the rider sum assured is paid to the nominee.
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Types of Aditya Birla Sun Life Insurance Plans

Every plan currently being sold by Aditya Birla Sun Life Insurance, shown side-by-side so you can shortlist quickly.

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Aditya Birla Sun Life Fixed Maturity Plan

Aditya Birla Sun Life Fixed Maturity Plan is a non-linked, non-participating endowment product providing fully guaranteed benefits... Read More

Unique Features

  • Tax Benefits u/s 80C & 10 (10D)
  • Single Premium
  • ZERO Withdrawal Charges
Sum AssuredEntry age: 8 years
Entry AgeSum assured: ₹15 thousand to no limit
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Expert Reviewed

Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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