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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.
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.
The correct term insurance plan should be chosen carefully because your family's well being depends on it. Aditya Birla Term Insurance Plans provide comprehensive coverage and protection for you and your loved ones. Here are some reasons why you should consider ABSLI term plans:
Aditya Birla term plan offers a range of riders that can be added to their term insurance policies. Here are some of the riders provided by ABSLI:
ABSLI's Saral Jeevan Bima is an affordable term plan that offers a lump sum amount to the nominee after the policyholder’s demise. It has a waiting period of 45 days .
Unique Features
A simple plan that offers reasonably priced term insurance with a brief durational life cover. The plan offers death benefit, surrender benefit and tax benefits.
Unique Features
An extensive plan that includes death and survival benefits. Covers 42 critical illnesses and has an inbuilt terminal benefit. There is a disability rider included, with multiple cover options.
Unique Features
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:
Age (in years) | 20 Years | 30 Years | 40 Years |
Premium Payable | 713.66 | 1,080.69 | 2,161.38 |
**Premiums payable by a non-smoker male, with a chosen sum assured of Rs 1 Crore with a policy term of 30 years
Age (in years) | 20 Years | 30 Years | 40 Years |
Premium Payable | 2,322.38 | 2,663.96 | 4,205.85 |
**Premiums payable by a non-smoker male, with a chosen sum assured of Rs 1 Crore with a policy term of 30 years.
Buying Aditya Birla Term insurance is an easy and hassle-free process. Follow the below steps and give the gift of protection to your loved ones:
Filing claims under the Aditya Birla Term policy is an easy process. One has the option to file their claims via:
Register your claim by sending mail with your policy number and documents to claims.lifeinsurance@adityabirlacapital.com
Visit the nearest branch office or call toll-free at 1800 270 7000 for claim-related queries or assistance.
Listed below are the documents required to register for a term insurance claim.
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
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.
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.
The process of renewing the Aditya Birla Term Plan is as follows:
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.
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.
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.
Yes, these plans offer customization options to suit your specific needs. You can choose the policy term, sum assured, and additional riders as per your requirements.
Aditya Birla term insurance provides various additional riders to enhance your coverage. Some common riders include:
The requirement for a medical examination may vary based on factors such as age, sum assured, and the underwriting policy of the company. Generally, for higher sum assured or older applicants, a medical examination may be required.
If you miss paying the premium within the grace period provided by the company, your policy may lapse or become inactive. It is crucial to pay premiums on time to ensure the continuity of your coverage.
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Read what our customers have to say about Aditya Birla term insurance company
aman verma
Pune
February 24, 2022
I am 35 years old and new to term insurance. I wanted the best plan for my parents, wife and 1 kid so i got in touch with them. They explained me everything and gave me plan of my choice.
Sneha Devgan
Delhi
September 16, 2021
Amazing company with some great term plans, moreover, the company is having a great customer care team, I like it.
Naveen Bansal
Hyderabad
September 16, 2021
The plan has some great features. it should be enough for my family if anything will happen to me. Nice
Nitish Kumar
Mysore
August 31, 2021
I strongly recommend Birla Sun Life to everyone as they offer very good life insurance, and they have good customer support.
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