Birla Sun Life Term Insurance
  • Inbuilt Terminal Illness cover
  • Life cover till 100 Years
  • Premium Waiver
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Aditya Birla Sun Life Term Insurance Plans

Aditya Birla Sun Life Term Insurance plans are designed to secure your family's financial stability from life's unforeseen incidents. The term plans offered by Aditya Birla Sun Life Insurance are known to be suitable for long-term cover. These solutions have been introduced to meet the capital needs of the Life Assured's family after their death.

Key Features of Aditya Birla Term Insurance

Before buying an Aditya Birla Term Insurance policy, it is important for you to know all the Aditya Birla term features. Not only will it help you to analyze the company's performance, but will also protect your family against any further stress at the time of claim settlement.

In the below section we have discussed the Aditya Birla term features. Take a look.

  • Annual Premium: The annual premium of the company showcases its growth in the past years. As per the IRDAI, the annual premiums of Aditya Birla Life Term Insurance company is Rs. 9,775.22 Crores.
  • Claim Settlement Ratio: The claim settlement ratio of the company showcases the company's claim settling ability of the insurance company. Aditya Birla Term Insurance holds a good and reliable claim settling process with a CSR of 98.04%. (Aditya Birla CSR as per IRDAI report of the year 2020-21).
  • Solvency Ratio: The solvency ratio of the company helps an individual ascertain the company's ability to meet its long-term financial obligations. The Solvency Ratio of Aditya Birla Life Insurance Company for 2020-21 is 1.77. As per the IRDAI, it is mandatory for every life insurer to maintain a solvency ratio of 1.5.
  • Operating Networks: The company is powered by 30,000+employees and has a nationwide reach with 1,000+ branches. Not just this, the company possesses more than 2,00,000 agents/channel partners, and several bank partners.
Aditya Birla Term Insurance Key Features

Benefits of Aditya Birla Term Insurance

  • Options in Death Benefit: The policyholders can choose for the nominees to receive the sum assured on death as a lump sum amount or in periodic instalments or as a combination of lump-sum amount and monthly income.
  • Choice of Premium Payment: Aditya Birla Term plan comes with the flexibility to choose from Single, Regular, or Limited premium payments.
  • Joint Life Cover: Buyers can now insure their spouses under the same life cover with ABSLI's term insurance solutions.
  • Numerous Plan Options: The plans offer scope for customization according to the potential financial requirements of the policyholder's family.
  • Enhanced Protection Through Riders: Riders can be availed for enhanced protection against accidental death, disability, hospital care, surgical care, terminal or critical illness etc.

Term Plans by Aditya Birla Term Insurance

ABSLI Life Shield Plan

Aditya Birla Life Shield Plan is an customizable online term plan that comes with multiple plan options and protects your family financially.

Unique Features

  • Joint Life Protection
  • Enhance Life Stage Protection
  • Terminal Illness Benefit

ABSLI DigiShield Plan

Aditya Birla Life DigiShield plan is an easy-term insurance solution that allows you to protect your family’s future after your demise with 10 coverage options.

Unique Features

  • Accelerated Critical Illness Benefit
  • Coverage till 100 years of age
  • Enhanced protection with riders

ABSLI Saral Jeevan Bima

ABSLI's Saral Jeevan Bima is a standard pocket-friendly term plan that offers a lump sum amount to the nominee after the policyholder’s demise. It comes with a short waiting period of 45 days from inception.

Unique Features

  • Customization available as per needs
  • Flexible policy terms from 5-40 years
  • Affordable plan

Aditya Birla Term Insurance Premium Calculator

To calculate Aditya Birla Term Insurance Premiums, policyholders can turn to Aditya Birla Term Insurance Premium Calculator. It is an online tool that allows the policyholder to calculate their term plan premiums in advance.

Take a look below at some of the sample premiums of Aditya Birla Term plans:

ABSLI Life Shield Plan

Age (in years)20 Years30 Years40 Years
Premium Payable713.661,080.692,161.38

**Premiums payable by a non-smoker male, with a chosen sum assured of Rs 1 Crore with a policy term of 30 years

ABSLI Saral Jeevan Bima

Age (in years)20 Years30 Years40 Years
Premium Payable2,322.382,663.964,205.85

**Premiums payable by a non-smoker male, with a chosen sum assured of Rs 1 Crore with a policy term of 30 years.

How to Buy Aditya Birla Sun Life Term Insurance Plan?

Buying Aditya Burla Term insurance is an easy and hassle-free process. Follow the below steps and give the gift of protection to your loved ones:

  • Visit the official website of Birla Sun Life.
  • Click on Term Insurance Plans, following which you will be redirected to a new page.
  • Navigate to 'Term Insurance Plan by ABSLI' and click on 'Buy Online.
  • Fill in your details, & click on 'Get me a quick quote' to proceed.
  • Select the amount of life cover, the term of the plan, the premium paying term, the frequency of premium payment, and other relevant details.
  • Click on the 'Proceed' button at the bottom of the page to proceed with the application.
  • Next, make the payment using your credit or debit card.
  • Once the payment is received by the company, a copy of your insurance plan will be sent to you via mail.

How to File Claims at Aditya Birla Sun Life Term Insurance

Filing claims under the Aditya Birla Term policy is an easy process. One has the option to file their claims via:

Official Website

  • Visit the Birla Sun Life Insurance website, scroll to 'Customer Service' and click on 'Claims'.
  • Tap on the 'Claim Intimation Process' and enter the policy number and date of birth of the life insured.
  • Tap on the 'Next' button to proceed with filing the claim.
  • Fill out the claim form and attach the necessary documents.
  • Click on 'Submit' for the final submission.
  • On successful acceptance of the claim, the company will directly transfer the amount of the claim to the registered bank account.
  • In case the claim is rejected, the company shall inform the same via mail/call/text.

Email Service

Register your claim by sending a mail with your policy number and documents to claims.lifeinsurance@adityabirlacapital.com.

Offline Process

Visit the nearest branch office or call toll-free at 1800 270 7000 for claim-related queries or assistance.

Documents Required to Register a Term Insurance Claim

Listed below are the documents required to register for a term insurance claim.

  • Duly filled claim intimation form.
  • Death certificate issued by the local municipal body.
  • Cancelled cheque and photocopy of the passbook of the claimant.
  • Address proof and identity proof of the claimant/nominee.

Aditya Birla Sun Life Insurance: Contact Details

Aditya Birla Sun Life Insurance Company Limited, One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013.

care.lifeinsurance@adityabirlacapital.com

1800 270 7000 (Toll-free; within India); +91 22 66917777 (Outside India; call charges may apply) **Between 9 am to 9 pm, All 7 Days

Aditya Birla Term Plans: FAQs

1. How can I track the status of my Birla Sun Life Term Insurance Plan application?

To track the status of your term life insurance plan application, visit the Policy Tracker page of Birla Sun Life. Next, enter your policy number, date of birth, mobile number and click on 'Submit' to track the status of your application.

2. What is the procedure for premium payment of Birla Sun Life Term Insurance online?

Pay the initial or renewal premium of your Birla Sun Life Term Insurance Plan by visiting the payment page of Birla Sun Life. Enter your application number and insured date of birth and click 'Next' to proceed. Confirm your selection and select the payment option to pay your premium via credit and debit cards online.

3. I want to file my claim offline by visiting my nearest Birla Sun Life Branch Office. How do I locate the nearest branch office?

Locating the nearest Birla Sun Life branch office is simple. All you have to do is visit the Branch Locator on the Birla Sun Life Page, enter your location/city and you will be presented with a list of branch offices near your location.

4. What is the procedure for renewing a policy offered by Aditya Birla Term Insurance?

The process of renewing the Aditya Birla Term Plan is as follows:

  • Login to the e-portal with the username and password
  • Pay the premium amount to renew your Aditya Birla term policy
  • Print the payment receipt

5. What is the cancellation process for Aditya Birla Term Plan?

Policyholders of Aditya Birla Term Insurance must bring all relevant policy documents, along with a duly filled surrender form at the nearest branch from your locations. If the surrender form is submitted before 3:00 PM, the surrender value will be calculated using the current market rates; otherwise, the next day's value will be applicable.

6. What is the grace period offered by Aditya Birla Term plans?

According to the Insurance Regulatory Authority of India (IRDAI), Aditya Birla Term Insurance allows a grace period of 30 days from the premium due date.

7. When is the right time to buy Aditya Birla Term Insurance plan?

It is best to purchase an Aditya Birla Term Insurance plan When you are young and in relatively good health. This will help you in getting a policy at a low-cost premium.

Aditya Birla Term Insurance Reviews

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