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Aditya Birla Sunlife Digishield Plan
  • Large Sum Insured
  • Many Plan Options
  • Affordable Premium
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Aditya Birla Sunlife Digishield Plan

ABSLI DigiShield Plan is a non-linked, non-participating term insurance plan offered by Aditya Birla Life Insurance Company. On opting for this plan, your family will be paid a sum(according to the plan) as a death benefit, in case you pass away during the policy term. The family of the policyholder could use this amount to meet their financial needs, without disturbing their day-to-day expenses. Aditya birla digishield term insurance plan comes with affordable premiums and plan variants, which makes this plan a comprehensive, wide coverage option.

Absli digishield plan Term Plan Specifications

Entry Age For Plan

For Plan Option: 1|2|3|6|7|8|10: 18 to 65 years
For Plan Option: 4|5: 45 to 65 years
For Plan Option: 9: 18 to 50 years

Sum Insured

For Plan Option: 1|2|6|7|3|4|5|9|10 Minimum – Rs. 30 Lakh
Maximum – No Limit, subject to Board Approved Guidelines For Plan Option: 8
Minimum – Rs. 1 Lakh Maximum – Rs. 20 lakh

Maturity Age

For Plan Option:1|2|3|6|7|9|10: 85 years
For Plan Option: 4|5: 100 years
For Plan Option: 8: 69 years

Policy Term (Months)

5 to 40 Years

Premium payment mode

Yearly / Half Yearly / Quarterly / Monthly

Read more specifications in the brochure.

Key Features of ABSLI Digishield Plan

ABSLI Digishield Plan safeguards your family’s financial independence after your death. This plan is designed for different people, with different needs, in one plan. With many more key features, ABSLI Digisheld term plan is a good option to go for:

  • Complete financial protection at an affordable cost.
  • Two plan options to suit the customer’s protection needs.
  • Many options to enhance the coverage.
  • Option to cover another member of the family under the same policy.
  • Inbuilt Terminal Illness Benefit.
  • Multiple options to receive the death benefit.
  • Flexible premium paying terms
  • Enhanced coverage with many rider options.

Benefits of ABSLI Digishield Plan

There are multiple benefits offered by ABSLI Digishield Plan which are mentioned below.

  • Death Benefit : For Plan Option 1, 2 or 3 or 4 or 5 or 8 or 9 or 10: Death Benefit will be the Sum Assured on Death payable in a lump sum.
    For Plan Option 6: Death Benefit will be payable in monthly installments as 1.25% of the Sum Assured during the Income Benefit Term.
    For Plan Option 7: Death Benefit will be payable as Sum Assured in a lump sum paid immediately plus Level monthly income paid over 10 years as 0.5% x Sum Assured, commencing from the first Policy monthiversary on or after the date of death.
  • Terminal Illness Benefit : The plan comes with a Terminal Illness Benefit which means that if the policyholder is diagnosed with a terminal illness till the age of 80 years, the 50% percent of the sum insured but not more than 2 crores will be paid in a lump sum immediately. IN addition to this, the upcoming premiums will be waived off.
  • Accelerated Critical Illness (ACI) Benefit : This benefit states that, if a pre specified ciritical illness is diagnosed and the waiting period of 90 days is completed then a ACI benefit will be paid which will be not less than 5 lakhs and not more than 50% of the pre decided sum assured in the ACI benefit cover period.
  • Joint Life Option Benefit : If a person has opted for this benefit at policy inception, the risk cover will be available to two lives, the Prima Life Insured and the Second Life Insured. The sum assured applicable for Second Life shall be equal to 50% of your applicable sum assured. He can opt for this benefit at the inception of the policy and the same shall not be changed subsequently.
  • Enhanced Life Stage Protection Benefit : ABSLI Digishield plan provides an increase in the sum assured on the important milestones of your life and that too without a medical test. The increased sum assured can be availed with an increased premium. Here is the table of listed events:
    Event Enhanced Protection (% of Sum Assured of the Policy)
    First Marriage 50% subject to a maximum of INR 50,00,000
    Child Birth (Two Children) 25% subject to a maximum of INR 25,00,000 per Child
    House Loan (Once during the Policy Term) 50%, subject to a maximum increase of INR 50,00,000
  • Survival Benefit : If going for plan option 9, if the life insured survives till the policy anniversary falling after the life insured attains an age of 60 years, a Survival Benefit of 0.12% of the Sum Assured per month is paid commencing with the first Policy Month Anniversary and the event and continuing for each Policy Month Anniversary till the end of the policy term or death of the life insured whichever is earlier.
  • Maturity Benefit : You can avail the benefit of getting back your total premiums paid at the end of the policy term under the maturity benefit. Maturity benefit can be availed only under option 10 of the DigiShield Plan.
  • Additional Riders : Under ABSLI Digishield Plan a policyholder gets to opt from the following riders:
    • ABSLI Accidental Death and Disability Rider
    • ABSLI Critical Illness Rider
    • ABSLI Surgical Care Rider
    • ABSLI Hospital Care Rider
    • ABSLI Accidental Death Benefit Rider Plus
    • ABSLI Waiver of Premium

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ABSLI Digishield Plan Options

  • Level Cover Options : Under this option, a lump sum amount of the sum assured will be paid to the Nominee in case of the unfortunate event of the death of the life insured.
  • Increasing Cover Option : At every policy anniversary the Sum Assured chosen at inception will increase by a fixed percentage, this is referred to as the Sum Assured Escalation Rate. At policy inception, you can choose to enhance your sum assured at each policy anniversary by a Sum Assured Escalation Rate of 5% p.a. (simple) or 10% p.a. (simple). The Sum Assured Escalation Rate cannot be changed during the term of the Policy.
  • Sum Assured Reduction Option : The Sum Assured chosen at inception will decrease by a fixed percentage, this will be referred to as the ‘Sum Assured Reduction factor’ post retirement age chosen by the customer.
    Retirement Age 60 years 65 years 70 years 75 years
    Sum Assured Reduction Factor 25% of Sum Assured OR 50% of Sum Assured
  • Whole Life Option – Level Cover : The Whole Life Option refers to the coverage of 100 years for the policyholder. Since it covers the entire life of the insured hence the name.
  • Whole Life Option – Sum Assured Reduction Cover : In this plan variant, the sum assured will be paid in lump sum to the nominee of the policyholder. Given the option of ‘Sum Assured Reduction Cover’ has been opted, it will decrease by a fixed amount after the retirement age chosen by the policyholder.
  • Income Benefit : In this variant, in the unfortunate event of the death the policyholder, his Nominee will be paid the Death Benefit in monthly installments during the chosen Income Benefit Period. The option to receive monthly income is as follows:
    • Level Monthly Income equal to 1.25% of the Sum Assured throughout the Income Benefit Period.
    • Increasing Monthly Income equal to 1.25% of the Sum Assured increasing by 5% p.a. (simple) each year throughout the Income Benefit Period.
  • Level Cover plus Income Benefit : If a customer chooses this option, the nominees will be the Level Cover i.e. the lump sum of sum assured and they will receive a monthly income which will be paid over the period of 10 years as 0.5% of Sum Assured.
  • Low Cover Option : This plan variants takes care of the instant financial security a family may need in the event of demise of the policyholder. It simply pays a lump sum of sum assured on death.
  • Level Cover with Survival Benefit Option : Under this option the policyholder gets a survival benefit, on the anniversary of the policy that falls post attaining 60 years of age and a Survival Benefit of 0.12% of the Sum Assured will be paid per month till the end of the Policy Term or death of the Life Insured whichever will be earlier.
  • Plan Option 10: Return of Premium (ROP) : On survival of Life Insured till the end of the Policy term, 100% of the total premiums paid will be payable.

Explore ABSLI Digishield Plan Insurance

Know more about ABSLI Digishield 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.

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ABSLI Digishield Plan: FAQs

1. What is the policy tenure of the ABSLI Digishield Plan?

The policy tenure of the ABSLI Digishield Plan is 5 to 40 years.

2. What is the maximum and minimum sum insured for ABSLI Digishield Plan?

The sum insured for ABSLI Digishield Plan is a Minimum Rs. 1 Lakh and Maximum Rs. 20 lahks.

3. What is the premium payment mode of the ABSLI Digishield Plan?

The premium payment mode of the ABSLI Digishield Plan is Yearly/Half Yearly/Quarterly/Monthly.

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December 14, 2022

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December 9, 2022

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Mumbai

July 11, 2022

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July 11, 2022

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July 6, 2022

I recently received the claim amount of the policy that my husband had brought for us. I am glad that the company understands the needs of its customers and their families. Well done Canara HSB...

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