Everything You Need To Know About Aditya Birla DigiShield Plan
Updated On Sep 04, 2021
ABSLI DigiShield Plan is a pure protection plan, this plan helps you provide financial security to your family in case an unfortunate event occurs such as your unforeseen demise during the policy term. This plan has 10 plan variants that one can choose from according to their requirements and budget. Following are the 10 plan variants of ABSLI DigiShield plan:
- Level Cover
- Increasing Cover
- Sum Assured Reduction
- Whole Life (Level Cover)
- Whole Life (Sum Assured Reduction)
- Income Benefit
- Level Cover Plus Income Benefit
- Low Cover
- Level Cover With Survival Benefit
- Return of Premium
ABSLI DigiShield plan has an in-built terminal illness benefit which provides you with financial assistance at the time of diagnosis or a terminal illness. This plan is a great way to ensure financial security of your family under difficult circumstances such as unforeseen demise or diagnosis of a terminal illness during the policy tenure.
Features of ABSLI DigiShield Plan
Below listed are some salient features of ABSLI DigiShield plan:
- This plan provides financial protection to you and your family from the uncertainties of life.
- Under this plan you can choose from 10 different plan variants according to your requirements and budget.
- This plan has in-built terminal illness cover.
- This plan provides life cover for upto 100 years of age.
- This plan offers multiple death benefit payout options such as lump sum, monthly income, and part lump sum part monthly income.
- Option to cover your spouse under the same policy.
Eligibility Criteria of ABSLI DigiShield Plan
Below mentioned is the eligibility criteria of ABSLI DigiShield plan:
|
Parameters |
Plan Option 1,2,6 and 7 |
Plan Option 3 |
Plan Option 4 and 5 |
Plan Option 8 |
Plan Option 9 |
Plan Option 10 |
|
Minimum Entry Age |
18 years |
18 years |
45 years |
18 years |
18 years |
18 years |
|
Maximum Entry Age |
65 years |
65 years |
65 years |
65 years |
50 years |
65 years |
|
Maximum Maturity Age |
85 years |
85 years |
100 years |
69 years |
85 years |
85 years |
|
Maximum Policy Term |
55 years |
100 less the Entry age |
4 years |
55 years |
||
|
Premium Payment Term |
Single Pay, Regular Pay or 5/7/10/12/15/20 Pay |
Single Pay and 5 pay |
Single/Regular Pay |
Single Pay, Regular Pay or 5/7/10/12/15/20 Pay |
Regular Pay |
|
|
Minimum Sum Assured |
INR 30,00,000 |
INR 1,00,00 |
INR 30,00,000 |
|||
|
Maximum Sum Assured |
No Limit |
INR 20,00,000 |
No Limit |
|||
|
Premium Payment Mode |
Single, Yearly, Half-Yearly, Quarterly and Monthly |
|||||
Also read: Aditya Birla Sun Life Insurance Child Plan
Exclusions under money back plans offered by Aditya Birla Sun Life insurance
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
