Sbi Life
vs
Aditya Birla Sun Life

  • Top life insurers to choose from
  • Multiple sum assured options
  • Choice of premium-payment term
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Sbi Life vs Aditya Birla Sun Life

Sbi Life

SBI Life Insurance is one of the leading life insurance company that offers multiple insurance solutions including term plans, child plans, ULIPS, retirement plans, etc.

Aditya Birla Sun Life

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%.

COMPANY DETAILS Edit SBI Life Insurance Company

Sbi Life

 Edit Aditya Birla SunLife Insurance Page

Aditya Birla Sun Life
Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

67315.5 cr

Annual Premiums Collected (2023-24)

15069.69 Cr
Payout Options

Payout Options

-

Payout Options

Lump sum, regular frequencies or a combination of both
Claim ratio

Claim ratio

98.39%%

Claim ratio

98.12%
Solvency Ratio

Solvency Ratio

2.2

Solvency Ratio

1.7
Branches

Branches

990+

Branches

1470+
Riders Available

Riders Available

-

Riders Available

Comprehensive Critical Illness Rider, Waiver of Premium Rider, Accidental Death and Disability Rider, Critical Illness Rider, Accidental Death Benefit Rider Plus
Policy Term

Policy Term

-

Policy Term

5 to 40 years

Know More About Companies

Overview

SBI Life Insurance: Overview

SBI Life Insurance Plans are categorized under savings plans, protection plans, wealth creation insurance plans, retirement plans, child plans, money back/income plans, and more catering to individuals with different financial and protection needs. SBI Life Insurance is a collaboration between the State Bank of India and the French Financial Institution BNP Paribas Cardif. SBI Life Insurance has a 55.50% stake in the company and BNP Paribas Cardif owns a 0.22% stake including other investors.  

SBI Life Insurance Company ensures to look after your insurance needs by offering:

why-choose

  • Wide range of plans

  • Reliability and trust

  • Ease of purchase

  • Tax benefits

  • Affordable insurance plans

Riders

Riders You Can Avail With SBI Life Insurance Plans

Name of the Rider Benefits
SBI Life Accidental Death Benefit Rider An accidental death benefit rider provides an additional sum assured if the policyholder dies within 120 days due to an accident.
SBI Life Accidental Total and Permanent Disability Rider The accidental total and permanent disability rider offers the rider sum assured if the policyholder suffers from total and permanent disability due to an accident.

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SBI Life Insurance is one of the leading life insurance company that offers multiple insurance solutions including term plans, child plans, ULIPS, retirement plans, etc.

SBI Life Insurance Plans Plans

SBI Life Insurance Plans

SBI Life Smart Flexi Term Plus

SBI Life Smart Flexi Term Plus

SBI Life Flexi Smart Plus is a non-linked life insurance plan    This plan offers the required comprehensive life insurance cover along with...

Unique Features

  • Offers Surrender Benefit
  • Tax Benefits Available
  • 100% Guaranteed Returns

SBI Life Smart Flexi Term Plus (Pros)

SBI Life Smart Flexi Term Plus
  • Guaranteed Bonus
  • Partial Withdrawls
  • Interim Bonus

SBI Life Smart Flexi Term Plus (Cons)

SBI Life Smart Flexi Term Plus
  • No Policy Loan
  • Funds to invest
  • Spouse cover

SBI Life Smart Flexi Term Plus (Other Benefits)

SBI Life Smart Flexi Term Plus
  • Death Benefit
  • Maturity Benefit
  • Tax Benefit

SBI Life Smart Flexi Term Plus (Eligibility Criteria)

SBI Life Smart Flexi Term Plus
  • Minimum entry age-18 years
  • Maximum entry age-60 years
  • Minimum policy term- 5 years
  • Maximum policy term-30 years
  • Maximum sum assured- Rs. 50
  • 000

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

Birla sunlife fixed maturity plan

Birla sunlife fixed maturity plan

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

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

Birla sunlife fixed maturity plan (Pros)

Birla sunlife fixed maturity plan
  • Policy Loan
  • Surrender benefit
  • Guranteed maturity benefit

Birla sunlife fixed maturity plan (Cons)

Birla sunlife fixed maturity plan
  • Lack of Liquidity
  • Interest Rate Risk
  • Limited Flexibility

Birla sunlife fixed maturity plan (Other Benefits)

Birla sunlife fixed maturity plan
  • Enhanced Sum Assured
  • Tax benefit
  • Avail life cover

Birla sunlife fixed maturity plan (Eligibility Criteria)

Birla sunlife 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

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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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