Aditya Birla Term Insurance
Aditya Life Shield Plan is a simple term insurance plan offered by Adi ...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 Shield Plan is an online term insurance policy designed to provide comprehensive protection with its 8 plan options. The plan allows you to select the combination of payout type, protecttion and payment term that suits your goals.
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:
A quick honest summary — the strengths and the trade-offs.
Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.
In this video, we break down the Aditya Birla Sun Life Insurance Nishchit Ayush Plan — a non-linked, non-participating individual life insurance savings plan designed to help you meet your financial goals with certainty.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Aditya Birla Life Shield Plan work with a simple premium illustration.
Mr. Sachin Gupta is a 40-year-old Banglore-based software engineer, looking for a term Insurance plan that offers level term cover with return of premium feature.
His wife suggests he to visit PolicyX.com. PolicyX.com, advisors carefully analyze his query and suggest him to purchase the ABSLI Life Shield Plan.
Let us see a brief illustration of Mr. Sachin Gupta's Aditya Birla Sunlife Digishield Plan
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 40 years | Rs 19,596 | 20 years | 20 years | Rs 391920 | Rs 50 Lakh |
Key Takeaways: Mr. Sachin will be covered up to the age of 60 years. In case of any unfortunate event, his nominee will receive a sum assured of Rs. 50 lakhs.
You can add the following riders to your ABSLI Life Shield Plan:
This rider offers additional protection for accidents leading to death and disability at an affordable cost.
This rider offers a lumpsum amount in case of diagnosis of any of the listed critical illnesses.
This rider offers a lumpsum amount to cover surgical expenses.
Key features that make Aditya Birla Life Shield Plan stand out.
Level Term Assurance
Under this option, once the sum assured value is opted by a customer it will remain constant for the entire policy term.
Increasing Term Assurance
You can choose to enhance your sum assured at inception by 5%/10% per annum as per your requirements and every year your sum assured value will increase by either 5% or 10% as per your selection at the time of policy purchase at no additional premium charges.
Return of Premium
Under this plan option, the sum assured chosen by the customer will remain constant for the entire policy term and if the life insured survives till maturity date, the plan shall return all the premiums paid to the insured life.
Here are the key benefits of the Aditya Birla Life Shield Plan.
Death Benefit
Upon the unfortunate demise of the life insured during the policy tenure, the ABSLI Life Shield term plan offers death benefit among the highest of the following: 10 times of annual premium or 105% of the total premium paid or the total sum assured on death.
Maturity Benefit
Once the life insured survives the whole policy tenure, the ABSLI Life Shield term plan returns all the paid premiums.
Tax Benefits
All the premiums paid for the ABSLI Life Shield term plan can be used for claiming tax benefits under section 80C and section 10(10D) of the income tax act.
Here is the list of exclusions associated with the plan:
ABSLI Life Sheild plan is highly customizable with multiple plan options and benefits which can be opted for as per your family’s requirements. The plan is a boon to individuals who want a high sum assured at an affordable premium price.
In case you have any doubts regarding the ABSLI Life Shield Term Plan you can contact PolicyX.com. Our certified insurance advisors work 24/7 to resolve every possible query for you.
ABSLI Life Sheild plan is highly customizable with multiple plan options and benefits which can be o
The 4 most-asked questions about Aditya Birla Life Shield Plan, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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