Aditya Birla Sun Life Anmol Suraksha Kawach Term Plan
Aditya Birla Term Insurance Aditya Birla Term Insurance ★ 4.6

Aditya Birla Anmol Suraksha Kawach Plan

If You are looking for a term plan for a shorter period, then ABSLI An ...Read More

🛡️ IRDAI Approved
4.6/5 · 927 reviews
📊 1.88 solvency ratio
98.65% claim settlement ratio
🌐 1048++ pan-India

About Aditya Birla Anmol Suraksha Kawach Plan

A quick read on what this Aditya Birla Term Insurance term plan covers and why it might be a fit for you.

Aditya Birla Sun Life Insurance ABSLI Anmol Suraksha Kawach is a short-term term insurance plan that provides life coverage from ₹50 lakh to ₹2 crore for a policy term of 2 to 5 years. Their plans are affordable, has a simple buying process and single premium payment option with surrender value benefits according to their policy terms.

In terms of coverage, the plan covers transgenders as well as customers who choose a single premium payment term can surrender the policy and acquire surrender value as mentioned in the plan.

Aditya Birla Anmol Suraksha Kawach Plan offers you a range of benefits including:

  • Convenient premium payments
  • Short term life cover
  • Hassle-free buying process
  • Tax benefits
  • Accidental Death Benefit

Eligibility Criteria for Aditya Birla Anmol Suraksha Kawach Plan

Entry age
Entry age
Minimum Age - 23 years Maximum Age - 55 years
Maturity age
Maturity age
NA
Policy term
Policy term
Minimum term - 2 years, Maximum term - 5 years
Sum assured
Sum assured
Base sum assured: 50 lakhs to 2 Crores
Policy loan
Policy loan
The policy loan is not available under Aditya Birla Anmol Suraksha Kawach
Payment Modes
Payment Modes
Singular, Regular

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Short term cover
  • high sum assured
  • flexible premium payment

Cons

  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Entry age - 23 years
Max entry age - 55 years
Min sum assured - 50 lakhs
Max maturity age - NA

How Does Aditya Birla Anmol Suraksha Kawach Plan Work?

Let's understand how the Aditya Birla Anmol Suraksha Kawach Plan works with a simple premium illustration.

Problem

Vaibhav, a 35-year-old software engineer is looking for a term plan with a sum assured of 1 Crore for 4-year policy term and a single premium payment.

Solution

He visited PolicyX.com to learn more about term plans. Policyx.com advisors carefully analyze his queries and suggest purchasing the Aditya Birla Anmol Suraksha Kawach Plan

Let us see a brief illustration of Aditya Birla Anmol Suraksha Kawach plan

Age  Policy Term Cover up to Sum assured Premium amount (Monthly)
30 years 30 years 60 years 1 Crore Rs. 698

 

Features of Aditya Birla Anmol Suraksha Kawach Plan

Key features that make Aditya Birla Anmol Suraksha Kawach Plan stand out.

High Life Cover

The plan offers guaranteed high-life cover with a lump sum payout.

Accidental Death Cover

The plan covers accidental death in exchange for additional premiums.

Flexible Premium Payment

Flexible premium payment terms allow you to pay a premium once, for a limited period, or throughout the policy term.

Comprehensive Coverage

The plan offers comprehensive coverage at affordable premiums with easy-to-understand features.

Benefits of Aditya Birla Anmol Suraksha Kawach Plan

Here are the key benefits of the Aditya Birla Anmol Suraksha Kawach Plan.

Death benefit

In the event of the policyholder's unfortunate death during the policy term, the 100% death benefit payout shall be payable as a lump sum to the nominee.

Cancellation Benefit

When you feel that continuing the plan is unnecessary, you can surrender your policy and receive a cancellation value.

Optional Riders

Accidental death benefit rider is an optional feature that can enhance your base cover. This rider covers you against accidental death in exchange for additional premiums.

Exclusions of Aditya Birla Anmol Suraksha Kawach Plan

Here is the list of exclusions associated with the plan:

  • Suicide during the first 12 months of policy inception will not be covered.
  • Death occurred due to the pandemic not covered under this plan.
  • Injuries or illnesses caused due to any type of adventure sports.
  • Consumption of any type of, drugs, or alcohol except for the clinical purpose.
  • Any pre-existing disease that isn't mentioned during the start of the policy.

Conclusion

Aditya Birla Anmol Suraksha Kawach Plan is a short-term and easy to understand plan. It offers coverage at affordable premiums along with tax benefits as per the law. If you are still confused about which term plan is best for you then you can contact us at PolicyX.com. One of our insurance representatives will contact you shortly, understand your requirements, and choose a plan that suits your needs.

Conclusion

Aditya Birla Anmol Suraksha Kawach Plan is a short-term and easy to understand plan. It offers cover

Aditya Birla Anmol Suraksha Kawach Plan: FAQs

The 4 most-asked questions about Aditya Birla Anmol Suraksha Kawach Plan, answered.

The minimum age to purchase the Aditya Birla ABSLI Anmol Suraksha Kawach plan is 18 years
No, you can only choose a policy term between 2-5 years under Aditya Birla ABSLI Anmol Suraksha Kawach’s plan.
You can get a sum assured between 50 lakhs to 2 crores, depending upon your medical condition, income and age.
For Purchasing Aditya Birla’s ABSLI Anmol Suraksha Kawach plan one should have the following documents: Age proof-Aadhar card/ PAN card. ID Proof- Aadhar card/PAN card. Address proof- Aadhar card/PAN card Income proof- Bank statement, salary slips.

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

Compare Term Insurance Plans

Select a company and plan for each side to see a detailed side-by-side comparison.

Share your Valuable Feedback

Rating Icon 4

Rated by 63 customers

Was the Information Helpful?

Select Your Rating

We would like to hear from you

Let us know about your experience or any feedback that might help us serve you better in future.

Reviews and Ratings

Do you have any thoughts you'd like to share?

📞 Call Free