Buy Policy in just 2 mins
2 lakh + Happy Customers
Free Comparison
ABSLI life shield plan is a versatile and affordable online term insurance designed by ABSLI. The plan is an affordable insurance plan with a high life cover and 8 different plan options to suit your requirements. Customers investing in the life shield plan Aditya Birla have the opportunity to pay their premiums at their convenience in annual/ half-yearly/ quarterly/ monthly cycles. One of the many benefits of the plan is the ability to increase your sum insured at major life stages such as marriage, the birth of your child, and other such major life events. There are 3 different claim payout options available under the ABSLI life shield plan:
To make sure the plan is the right fit for you and your family it is important to get in-depth insights about the insurance product. We have mentioned all the necessary details in this article in order to help you make a better decision.
Plan Options
8
Sum Insured
Minimum – Rs. 25,00,000
Maximum – No Limit (subject to underwriting guidelines)
Entry Age
Plan Option: 1|3|5|7: 18 to 65 years
Plan Option: 2|4|6|8: 18 to 50 years
Max Maturity Age
85 years
Plan Type
Top-up for Individual & Family floater
Policy Term
Plan Options: 1|2|3|4|5|6: Minimum: 10/15 years
Maximum: 55 years
Plan Options: 7 and 8
Minimum: 20 years
Maximum: 55 years
Premium Payment Term
Plan Options: 1|2|3|4|5|6: Regular Pay | Single Pay
Limited Pay 6 & 8 Years
Limited Pay 10 Years
Plan Options 7 and 8: Regular Pay |Limited Pay - 6, 8, 10 Years | Single Pay
Premium Mode
Annual | Semi-annual | Quarterly | Monthly
Listed below are a total of 8 plan options available under the life shield plan Aditya Birla for customers to opt from:
There are a plethora of benefits provided by ABSLI Life Shield plan and we have mentioned some of them below:
Plan Option | Option 1 | Option 2 | Option 3 | Option 4 | Option 5 | Option 6 | Option 7 | Option 8 |
Sum Insured | 6,852 | 7,100 | 9,195 | 9,550 | 5,858 | 6,071 | 22,294 | 23,182 |
Plan Option | Option 1 | Option 2 | Option 3 | Option 4 | Option 5 | Option 6 | Option 7 | Option 8 |
Sum Insured | 5,751 | 5,964 | 7,491 | 7,775 | 5,041 | 5,219 | 18,851 | 19,596 |
There are certain exclusions mentioned in the policy such as:
Suicide Exclusion
Death due to involvement in illegal activities
Death due to substance or drug abuse
Death due to involvement in any criminal activity
Death or disabilities due to participation in hazardous activities or adventure sports
Individuals can avail a highly customizable life insurance plan with multiple plan options and benefits which can be opted as per your family’s requirements. The plan is a boon to individuals who want high sum assured at an affordable premium price. With flexible premium payments and 8 plan options insured individuals can provide financial safety to their family even in their absence.
Know more about ABSLI Life shield Plan Term Insurance plans, claim process, buying process, and contact details of the company by clicking on the sections below:
Claim Process
Click to know ABSLI Claim Process.
Buying Process
Click to know ABSLI Buying Process.
Contact Us
Feel free to contact us for more details.
The maximum policy tenure mentioned in the policy schedule is 55 years for the plan.
Yes, individuals can avail tax benefits when purchasing life shield plan Adtiya Birla as it is eligible for tax benefits under the Income Tax Act of India.
Yes, under the joint life protection benefit insurance holder can cover their spouse under the same policy.
The minimum sum assured value under the plan is INR 25 Lac.
Yes there are multiple rider benefits available under the plan like accidental death and disability rider, critical illness rider, accidental death benefit rider, hospital care rider and more.
See More Term Insurance Articles
See More Term Insurance Articles
Biswajit Barman
Kolkata
April 20, 2024
Review: HDFC Life Insurance Term Policy HDFC Life Insurance Term Policy stands out as a beacon of financial security and peace of mind in the ever-changing landscape of life insurance offering...
Shreya Chaudhary
Allahabad
April 8, 2024
I am very grateful to the insurance experts of PolicyX and Mr. Ankur, who kindly helped me settle the claim of Aegon Life Insurance. Thanks again, I& 039;ll always remember this favor.
Prerna Negi
Chennai
April 8, 2024
I bought a Bajaj Allianz Life Insurance through PolicyX, and I must say the level of communication and assistance I have received has been truly impressive.
Preety Kamat
Bhopal
April 8, 2024
Got ICICI Pru iProtect Smart term insurance plan via PolicyX; so far, I& 039;ve hassle-free renewal service and have not faced any kind of nuisance.
Sahani Kaur
Gandhinagar
April 8, 2024
The PNB MetLife Mera Term Plan Plus I& 039;ve bought it at a low premium, and it is fully satisfactory to me. The insurance expert of PolicyX is too polite, and their online buying facility red...
Sneha Nath
Mumbai
March 28, 2024
I would like to inform you that my maturity claims have been settled by SBI Life Insurance on 04.15.2024 and thanks all of you for helping me throughout the claim process.
Khushi Kaur
Chennai
March 28, 2024
I& 039;m writing this review to let you all know that I& 039;m very satisfied because I got my kotak mahindra life insurance policy today as a result of your team effort.
kartik saxena
Goa
March 18, 2024
I had to add some riders to my Sbi life insurance, policy.com team helps to me to understand which rider is more important and which is not. Resulting helps me to save lots of money. Happy with...
Daina is a content writеr with a profound grasp of Insurancе, Stocks, and Businеss domains. Hеr extensive 3-year еxpеriеncе in thе insurancе industry еquips hеr with a nuancеd undеrstanding of its intricaciеs. Hеr skills еxtеnd to crafting blogs, articlеs, social mеdia copiеs, vidеo scripts, and wеbsitе content. Her ability to simplify complex insurancе concepts into reader-friendly content makes her an еxpеrt in the domain.
*T&C Apply