Aditya Birla Sun Life vs Sbi Ulip Plans

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Aditya Birla Sun Life vs Sbi Ulip Plans

COMPANY DETAILS Edit Aditya Birla SunLife Insurance Page

Aditya Birla Sun Life

 Edit SBI ULIP Plans

Sbi 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

Claim ratio

98.65%%

Claim ratio

Minimum Age- 14 year%
Solvency Ratio

Solvency Ratio

1.88

Solvency Ratio

70 years
Branches

Branches

1048+

Branches

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

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

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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Aditya Birla Sun Life Insurance

ABSLI, formerly known as Birla Sun Life Insurance Co. Ltd., started its operations on January 17th, 2001, in India. Aditya Birla Life Insurance has a revenue of Rs. 12,140.23 Crore and a claim settlement ratio of 98.07%.

Bajaj Allianz Savings Plan Plans

Bajaj Allianz Savings Plan

Aditya Birla Sun Life Fixed Maturity Plan

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 as a lump sum on ma...

Unique Features

  • Tax Benefits u/s 80C & 10 (10D)
  • Single Premium
  • ZERO Withdrawal Charges

Aditya Birla Sun Life Fixed Maturity Plan (Pros)

Aditya Birla Sun Life Fixed Maturity Plan
  • Policy Loan
  • Surrender Benefit
  • Guaranteed Maturity Benefit

Aditya Birla Sun Life Fixed Maturity Plan (Cons)

Aditya Birla Sun Life Fixed Maturity Plan
  • Lack of Liquidity
  • Interest Rate Risk
  • Limited Flexibility

Aditya Birla Sun Life Fixed Maturity Plan (Other Benefits)

Aditya Birla Sun Life Fixed Maturity Plan
  • Enhanced Sum Assured
  • Tax Benefit
  • Avail life cover

Aditya Birla Sun Life Fixed Maturity Plan (Eligibility Criteria)

Aditya Birla Sun Life Fixed Maturity Plan
  • Entry age: 8 years
  • Sum assured: ₹15
  • 000 to no limit
  • Policy term: 5 to 10 years
  • Premium payment mode: Single pay
  • Maturity age: 70 years

SBI ULIP Plans

To cater to your wealth creation needs, SBI offers 8 ULIP plans. Unit Linked Insurance Plans are investment-cum-life insurance policies.

SBI Ulip Plans Plans

SBI Ulip Plans

SBI Smart Elite Plan

SBI Smart Elite Plan

SBI Life Insurance Company offers a range of insurance products, including life, health, motor, and travel insurance. The SBI Life Smart Elite Plan is...

Unique Features

  • 9 Investment Fund Choices
  • Switching Option Available
  • Surrender Policy Anytime

SBI Smart Elite Plan (Pros)

SBI Smart Elite Plan
  • 9 Investment Fund Choices
  • Switching Option Available
  • Surrender Policy Anytime

SBI Smart Elite Plan (Cons)

SBI Smart Elite Plan
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Smart Elite Plan (Other Benefits)

SBI Smart Elite Plan
  • Death Benefits
  • Maturity Benefits
  • Fund Switching

SBI Smart Elite Plan (Eligibility Criteria)

SBI Smart Elite Plan
  • Minimum entry age: 18 years
  • Maximum entry age: 60 years
  • Maximum sum assured: 105% of premiums
  • Maximum policy term: 30 years

SBI Ulip Plans

SBI Life Smart Wealth Builder

SBI Life Smart Wealth Builder

SBI Life Smart Wealth Builder is an individual, unit-linked, and non-participating life insurance plan. It offers a dual benefit of insurance and inve...

Unique Features

  • Guaranteed Bonus During Policy Term
  • Free Look Period of 15 Days
  • 1 Free Partial Withdrawal

SBI Life Smart Wealth Builder (Pros)

SBI Life Smart Wealth Builder
  • Death Benefits
  • Maturity Benefits
  • Guaranteed Additions

SBI Life Smart Wealth Builder (Cons)

SBI Life Smart Wealth Builder
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Life Smart Wealth Builder (Other Benefits)

SBI Life Smart Wealth Builder
  • Guaranteed Bonus During Policy Term
  • Free Look Period of 15 Days
  • 1 Free Partial Withdrawal

SBI Life Smart Wealth Builder (Eligibility Criteria)

SBI Life Smart Wealth Builder
  • Minimum entry age- 7 years
  • Maximum entry age- 55 years
  • Maximum sum assured- 10* Annualized Premium
  • Maximum policy term- 30 years

SBI Ulip Plans

SBI Saral Maha Anand

SBI Saral Maha Anand

SBI Life Saral Maha Anand is a unit-linked, non-participating life insurance product that offers growth opportunities through capital market participa...

Unique Features

  • Accidental Death Rider Benefits
  • Availability of 3 Fund Options
  • No medical Examination Required

SBI Saral Maha Anand (Pros)

SBI Saral Maha Anand
  • Guaranteed Additions of up to 30%
  • Requires no medical examination
  • Flexibility to choose from 3 fund options

SBI Saral Maha Anand (Cons)

SBI Saral Maha Anand
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Saral Maha Anand (Other Benefits)

SBI Saral Maha Anand
  • Accidental Death Rider Benefits
  • Availability of 3 Fund Options
  • No medical Examination Required

SBI Saral Maha Anand (Eligibility Criteria)

SBI Saral Maha Anand
  • Minimum entry age - 18 years
  • Maximum entry age - 55 years
  • Minimum sum assured - Rs 10 x AP
  • Maximum sum assured - Higher of 20 x annualized premium
  • Maximum policy term - 30 years

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Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.

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