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Digishield Plan vs Promise2protect

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Know More About Plans

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 lum sum 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.

Here are some key features of this plan:

why-choose
  • Inbuilt terminal illness benefit
  • Affordable premiums
  • Flexible premium paying term
  • Tax benefit
  • Rider protection
  • Multiple options to receive the death benefit
PLAN DETAILS

Digishield Plan


Promise2protect

Premium Including GST
Key Features
(Key features of the plan)
  • Large Sum Insured
  • Many Plan Options
  • Affordable Premium
  • Increasing Coverage Option
  • 2 Plan Options
  • Spouse Coverage
Plan Maturity age Maximum Maturity Age - 85 years Maximum maturity age- 80 years
Plan Sum Assured Base sum assured: 30 Lacs to no limit. Base sum assured- Rs 15 lakhs to No limit
Plan Entry Age Minimum Age - 18 years Maximum Age - 65 years Minimum age- 18 years, Maximum age- 60 years
Plan Payment modes Annual, half-yearly, quarterly & monthly Yearly, half-yearly, quarterly, and monthly
Plan Policy loan The policy loan is not available under ABSLI Digishield Plan. Policy loan is not available with this plan
Plan Sample Premium Rs 603-/ per month Rs 543-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 5 years Maximum term - 40 years Minimum policy term- 5 years, Maximum policy term- (80- Entry age)
Claim Settlement Ratio (2024-25) 98.65 99.43%

* 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.

Riders

How does Canara HSBC Promise2Protect operate?

Canara HSBC Promise2Protect operates as follows:

  • First, choose between return of premium and pure protection options.
  • Select sum assured based on family needs, loans, or education goals.
  • Pick a term that matches your earning years.
  • Pay premiums monthly, quarterly, or annually.
  • Opt for payout as monthly income, lumpsum or both.
  • Add spouse cover under the same plan.
  • Increase coverage at life milestones like childbirth and marriage.
  • Receive a complete premium back if you survive the policy term under the ROP option.
  • Nominee gets the sum assured if death occurs during the term.

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