Absli Life Shield Plan
vs
Hdfc Life Click 2 Protect Elite

  • Affordable Premiums
  • Multiple plan options to choose from
  • Flexible premium payment options
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Absli Life Shield Plan vs Hdfc Life Click 2 Protect Elite

Absli Life Shield Plan

ABSLI Life Shield plan (Aditya Birla Life Shield Plan) is a versatile and online available term insurance product. The plan is an affordable term insurance plan with a high life cover and 8 different plan options to suit your requirements. One of the many benefits of the plan is the ability to incre...

Hdfc Life Click 2 Protect Elite

HDFC Life Click2 Protect Elite plan is the perfect term plan that is designed to protect your loved ones financially in case of your uncertain demise. With the Smart Exit Benefit option, you can get all your premiums back if your policy tenure is greater than 30. This plan offers a range of benefits...

PLAN DETAILS

Absli Life Shield Plan


Hdfc Life Click 2 Protect Elite

Premium Including GST
Key Features
(Key features of the plan)
  • Avail 8 Plan Options
  • Flexible-Premium Payment
  • Cover for Spouse
  • Smart Exit Benefit
  • Free-look period
  • Policy revival
Plan Maturity age Maximum Maturity Age - 85 years Maximum Maturity Age - 45 years
Plan Sum Assured Base sum assured: 25 Lacs to no limit. Base sum assured: 2 Crores to No Limit
Plan Entry Age Minimum Age - 1 years Maximum Age - 65 years Minimum Age - 18 years Maximum Age - 45 years
Plan Payment modes Annual, half-yearly, quarterly & monthly Monthly, Quarterly, and Half-yearly and Yearly
Plan Policy loan The policy loan is not available under ABSLI Life Shield Plan. The policy loan is available under HDFC Life Click 2 Protect Elite Plan
Plan Sample Premium Rs 541-/ per month Rs 671/- per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 10 years Maximum term - 55 years 15 to 40 Years
Claim Settlement Ratio (2023-24) 98.12 99.7

* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above term insurance plans using the PolicyX Term Insurance Calculator.

Know More About Plans

Overview

ABSLI Life Shield plan (Aditya Birla Life Shield Plan) is a versatile and online available term insurance product. The plan is an affordable term insurance plan with a high life cover and 8 different plan options to suit your requirements.

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.

Here are some key features of this plan:

why-choose
  • Level Term Insurance
  • Increasing Term Insurance
  • Return of Premium
  • Decreasing Term Assurance
  • Tax Benefits
  • Increasing Term Assurance with Waiver of Premium (WOP)

Riders

Riders Associated with ABSLI Life Shield Plan

You can add the following riders to your ABSLI Life Shield Plan:

ABSLI ADD (Accidental Death and Disability)

This rider offers additional protection for accidents leading to death and disability at an affordable cost.

ABSLI Critical Illness Rider

This rider offers a lumpsum amount in case of diagnosis of any of the listed critical illnesses.

ABSLI Surgical Care Rider

This rider offers a lumpsum amount to cover surgical expenses.

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Bijender Singh

Reviewed By: Bijender Singh

With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.