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Aditya Birla Term Insurance: Overview
Aditya Birla Sun Life Insurance is a joint venture between Aditya Birla Group and Sun Life Financial. It offers term insurance plans with high life cover, flexible payout options, and affordable premiums.
Aditya Birla Sun Life term insurance plans focus on pure protection with benefits like death cover, optional riders, and tax savings under applicable laws. With a strong claim settlement record and an easy online purchase process, it is a reliable option for securing your family’s financial future.
Key Features of Aditya Birla Term Plans
- Choice of premium payment term
- Wide range of plan options
- Joint life cover
- Choice of policy tenure
- Inbuilt terminal illness benefits
- Return of premium option
- Tax benefits
Additional Benefits Offered by Aditya Birla Term Plans
Aditya Birla Life Term Insurance Plans offer various additional benefits to policyholders.
Inbuilt Critical Illness Cover
ABSLI term plans, such as ABSLI Life Shield Plan, offer inbuilt critical illness cover, providing protection against 64 critical illnesses.
Return of Premium (ROP)
ABSLI term plans, such as ABSLI Life Shield Plan, offer the option to get all your premiums back once the policy matures.
Early Return of Premium (eROP)
ABSLI Poorna Suraksha Kawach offers the option to receive your paid premiums back at an early stage.
Whole Life Coverage
ABSLI term plans, such as the ABSLI DigiShield Plan, offer the option to enjoy whole life coverage.
Flexibility to Avail 'One Time Exit Value'
ABSLI Poorna Suraksha Kawach offers the flexibility to avail a one-time exit value.
Types of Aditya Birla Term Insurance Plans
Aditya Birla offers various term plans based on their features, policy tenure, and benefits. You can choose the one that best suits your requirements.
Basic Term Plan
Plan Name: ABSLI Saral Jeevan Bima Yojna
These plans provide a sum assured to the nominee upon the policyholder's death, with no survival benefits.
Term Plan with Return of Premium
Plan Name: ABSLI Life Shield Plan
These plans return the premium amount to policyholders if they survive the policy term.
Term Insurance with Critical Illness
Plan Name: ABSLI Life Shield Plan
These plans offer inbuilt coverage against critical illnesses as specified in the policy brochure.
Term Insurance with Accidental Disability & Death Cover
Plan Name: ABSLI Saral Jeevan Bima Yojna
These plans offer inbuilt coverage against accidental disability and death.
Riders You Can Avail with Birla Sun Life Term Insurance Plans
Here is a list of riders you can avail with ABSLI term insurance plans:
| Rider Name | Key Benefits |
|---|---|
| ABSLI Comprehensive Critical Illness Rider | Offers additional benefits and protection against up to 64 critical illnesses as specified in the brochure. |
| ABSLI Waiver of Premium Rider | Waives off future premiums if the policyholder is unable to pay due to financial difficulties. |
| ABSLI Accidental Death and Disability Rider | Offers additional benefits in case of accidental death and 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 event of the life insured's accidental death, 100% of the rider sum assured is paid to the nominee. |
Documents Required to Buy Aditya Birla Life Term Insurance
- Photo ID Proof: Passport, Aadhaar card, PAN card, Driving license.
- Age Proof: Passport, Aadhaar card, PAN card, Driving license.
- Address Proof: Utility bill, passport, voter ID, ration card.
- Medical Records: Medical records (if requested).
- Income Proof: Bank statement, last three months' salary slips (for salaried individuals).
How to Calculate Premiums
To calculate premiums for Aditya Birla Life Insurance plans:
- Visit the official Aditya Birla Life Insurance website.
- Click on 'Term Insurance' from the top menu.
- Navigate to and choose the 'Buy Online' option under the desired plan.
- Enter your name, date of birth, email address, and contact number.
- Select your education, profession, and annual income.
- Select the plan you wish to buy and proceed to make the premium payment.
How to File an Aditya Birla Term Insurance Claim
Aditya Birla Life Term Plans offer a simple and hassle-free claim settlement process, available both online and offline. Here's how you can easily submit and settle your claim:
Online Process
1. Claim Reporting
Report your Aditya Birla Life Term plan claim by visiting the customer support section on the Aditya Birla Life Insurance website.
2. Claim Review
Aditya Birla Life's customer support staff will review your claim form, assist you, and notify you if any documents are pending.
3. Claim Approval and Settlement
Your claim will be resolved once reported and all necessary documents are received by the insurer.
Offline Process
You can also report your Aditya Birla Life term plan claim by visiting a local Aditya Birla Branch Office. Visit their website to locate the nearest branch. Essential documents must be submitted at the branch for claim processing.
How to Buy Aditya Birla Term Insurance on PolicyX.com
- Fill out the form at the top of this page with your details.
- Select your income and city, then click 'Proceed'.
- Update your education and occupation details.
- Choose your preferred plan and click 'Buy this plan'.
- Select the policy term, premium payment period, and any required riders, then proceed to pay.
