Aditya Birla Term Insurance
Aditya Birla Digishield Term insurance plan is a pure non-linked term ...Read More
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 DigiShield Plan is a term insurance plan that offers lump sum death benefit, multiple plan variants, and flexible premium payment options at affordable rates.
It offers financial protection to your family in case of sudden demise during the policy term. The policy also allows variant-based benefits such as increasing cover options and payout flexibility which helps in aligning protection with changing life needs and financial goals.
Here are some key features of this plan:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Aditya Birla Sun Life Digishield Plan work with a simple premium illustration.
Mr. Kartik Sharma a 40-year-old Gurugram based Software engineer, is looking for a term insurance plan that offers inbuilt critical illness along with increasing life cover.
He saw a add on social media by policyx.com for term plan offers same benefits. Policyx.com carefully analyze his queries and guide him to go with ABSLI Digishield Plan.
Let us see a brief illustration of Mr. Kartik Sharma's Aditya Birla Sunlife Digishield Plan.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 40 years | Rs 32, 654 | 20 years | 20 years | Rs 653080 | Rs 50 Lakh |
Key Takeaways: Mr. Kartik will covered up to the age of 60 years. In case of an unfortunate event, his nominee will receive a sum assured of Rs. 50 lakhs.
Here are the key benefits of the Aditya Birla Sunlife Digishield Plan.
Death Benefit
Upon the unfortunate demise of life insured during the policy term, the ABSLI Digishield Plan offers the death benefit to the nominee among the highest of the following: 10 times of annual premium or 105% total sum assured or sum assured as per policy.
Maturity Benefit
You can avail the benefit of getting back your total premiums paid at the end of the policy term under the maturity benefits.
Tax Benefits
All the premiums paid for the ABSLI Digishield term plan can be used for claiming tax benefits for upto Rs. 1.5 lakhs under section 80C and for upto Rs. 2.5 lakhs under 10(10D) of the Income Tax Act 1961.
Here is the list of exclusions associated with the plan:
Aditya Birla Sun Life Digisheild is a pure-term insurance plan that offers comprehensive protection for your whole life. This plan offers some exclusive features such as Level Cover, Increasing Cover, SA Reduction, Income Benefit, and so on. With the ABSLI DigiShield Plan, you can opt for a large sum assured at an affordable cost. In case you have more doubts regarding this plan you can contact PolicyX.com. Our certified insurance advisors work 24/7 to solve every possible query at zero cost.
Aditya Birla Sun Life Digisheild is a pure-term insurance plan that offers comprehensive protection
The 3 most-asked questions about Aditya Birla Sunlife Digishield Plan, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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