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Aditya Birla Sun Life Term Insurance Benefits

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Highlights
Claim Settlement Ratio98.04%
Customer Care10:00 AM to 7:00 PM
Death Benefit Paid For5,035 Policies
Inception2001
Presence386 offices
Total Death Benefit PaidRs. 342.89 Crore

Term Plans offered by Aditya Birla Sun Life Insurance Company Limited are amongst some of the highly recommended insurance plans that safeguard the future of your family financially at an affordable cost. With term plans, you can support your family members financially even in your absence i.e. if any unfortunate thing happens with you during the policy duration, then your nominee is entitled to receive the complete sum assured from the insurance company. Moreover, these plans offer various coverage benefits alongside tax benefits. Aditya Birla Term Plans provide coverage at an affordable premium and multiple riders to choose from in case you wish to enhance the existing coverage.

Why To Buy Aditya Birla Sun Life Term Insurance?

There are multiple reasons to buy Aditya Birla Sun Life Term Insurance. Some of them are explained below: :

  • Financial Safety: The family members of the policyholder receive financial protection in the event of his/her unfortunate demise, who may be the sole bread earner of the family. The nominee would receive the sum assured after the demise of the insured in order to meet the household expenses of the family, loan liabilities and to protect other future goals of the family members financially.
  • The flexibility of Choosing Pay-Out Options: Aditya Birla Sun Life Term Insurance Plans offers the policyholder the flexibility of choosing the payout options. On the death of the policyholder during the policy duration, the payout of the sum assured can be done in a lump sum or in the form of income (monthly or annually). This assists the family members in meeting their regular expenses and various other financial needs in your absence.
  • High Coverage at Low Cost: A policyholder is offered a high life cover at a low premium cost. You should consider buying the term plan early as the premiums paid against the terms' plans depend upon your age i.e. if the age is lower and the term of the policy is high, then the premium would be the lowest.
  • Multiple Riders: Aditya Birla Sun Life Term Insurance Plans can be purchased together with multiple riders or add-on covers in order to enhance the existing coverage of the plan and to get various other additional benefits. Various riders offered by the insurance company include accidental death and disability rider, waiver of premium rider, hospital care rider, surgical care rider, amongst others.
  • Tax Benefits: Premiums paid against Aditya Birla Sun Life Term Insurance Plans is eligible for a tax deduction as per section 80C of the Income Tax Act, 1961 up to Rs 1.5 Lakh maximum. Moreover, the claim amount received by the nominee from the term plan (on the death of policyholder) is eligible for tax exemption as per section 10(10 D) of the Income Tax Act, 1961.

Term Life Insurance Premium Calculator

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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Best Aditya Birla Sun Life Term Insurance Plans

1 Crore
2 Crore
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.7%
Starting From 688/Month
Claim Settlement
Key Features:
  • Right Green Tick Revised Zero Cost Benefit
  • Right Green Tick Terminal Illness
  • Right Green Tick Cover Continuance Benefit
  • Right Green Tick Insta-Payment on Claim Intimation
  • Right Green Tick Nominee's Choice payout
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.2%
Starting From 730/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Waiver of Premium on Disability
  • Right Green Tick Terminal Illness
  • Right Green Tick Life Stage Benefit
  • Right Green Tick Special Exit Benefit
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.4%
Starting From 771/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Terminal illness
  • Right Green Tick Special Exit - Option to get your premiums back
  • Right Green Tick Renewability Option
See More Plans

User Reviews

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What users are saying
  • All
  • Good coverage Plan

    I decided to buy term insurance from InsuranceDekho and chose the Aditya Birla Digishield Plan after doing some research. I am impressed with the coverage and benefits of this plan, and the premium rates were also affordable.

    S
    Aditya Birla
    By Sriyali Jain
    On: May 28, 2024
  • User Friendly Platform

    InsuranceDekho is amazing. My purchase of Aditya Birla Sun Life Term Insurance Plan was terrific. I bought this term insurance policy online through the insuranceDekho’s website. It was quite easy to compare all the term plans and choose the best for my needs and requirements. Thank you! InsuranceDekho.

    J
    Aditya Birla
    By Jaya Srivastava
    On: Feb 20, 2024
  • Dedicated Support Team

    The team of InsuranceDekho was so helpful when I was searching for a term insurance plan. When I finally decided to buy the Aditya Birla Sun Life Term Insurance plan, even then they guided me throughout the buying process. So, thank you, InsuranceDekho team!

    S
    Aditya Birla
    By Simran Kaur
    On: Dec 22, 2023
  • Time-Efficient Term Insurance ...

    InsuranceDekho saved us significant time when purchasing the Aditya Birla Sun Term Insurance- DigiShield Plan. Their platform allows easy comparison and instant quotes.

    U
    Aditya Birla
    By Unnati Sah
    On: Nov 15, 2023
  • Trustworthy Recommendations

    InsuranceDekho recommended Aditya Birla Sun Life Term Insurance Policy that perfectly aligned with my needs and financial goals. I trust their expertise.

    C
    Aditya Birla
    By Chaynika Sah
    On: Sep 27, 2023
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Aditya Birla Sun Life Term Insurance Contact Details

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Claim Process at Aditya Birla Sun Life Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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FAQs

  • What Term Insurance plans does Aditya Birla Sun Life Insurance offer?

    Under the Term insurance category, Aditya Birla Sun Life offers five plans namely- Aditya Birla Sun Life Insurance Premium Back Term Plan, Aditya Birla Sun Life Insurance Future Guard Plan, Aditya Birla Sun Life Insurance Protection Plus Plan, Aditya Birla Sun Life Insurance Protection Easy Plan and Aditya Birla Sun Life Insurance Easy Protect Plan.

  • What is the grace period under Aditya Birla Sun Life Term plans?

    According to the Insurance Regulatory Authority of India (IRDAI) regulations, a grace period of 30 days is allowed from the premium due date under the Aditya Birla Sun Life Term plans.

  • When is the right time to purchase the Aditya Birla Sun Life Term insurance plan?

    The best time to buy an Aditya Birla Sun Life term insurance plan when you’re young and in relatively good health. This will help you to get your premium at an affordable rate.

  • What is the claim settlement ratio of Aditya Birla Sun Life insurance?

    Aditya Birla Sun Life insurance has a claim settlement ratio of 97.54% for the financial year 2019-20. 

  • What happens when my Aditya Birla Sun Life term policy expires?

    When the policy expires, and the life assured is alive then no death benefits are paid but if she/he dies then the cover is paid to the beneficiary/nominee.