ABSLI Life Shield Plan Features and Benefits
- Aditya Birla Sun Life Insurance Life Shield Plan Gives you 8 Plan Options to suit your different Protection needs and Benefits.
- When you Get this Life Insurance plan, the most amazing part is that it will give option to cover your Spouse under the Same Insurance Policy.
- Return of Premium Option for the Beneficiaries
- It also have the inbuilt terminal illness Benefit option.
Aditya Birla Sun Life Plan Options
Level Term Assurance – The Sum assured chosen by you will remain Constant for the Entire Policy Term.
Level Term Assurance with waiver of premium Benefits – In addition to benefit applicable for Level term assurance, in case you are diagnosed with critical illness or total permanent disability , all future premiums, if any will be waived off and Policy will continue till end of Policy Term.
Increasing Term Assurance – You can Choose to enhance your Sum assured at inception by 5% / 10 % p.a ( Simple ) as per your needs. Every year, your Sum assured will increase by 5% /10% p.a ( simple ) of the original sum assured without any increase in your premium account.
Decreasing Term Assurance – An option to take care of your protection need owing to any loan or mortgage taken by you. The death benefit shall be payable as per the Decreasing sum.
Return of Premium – Sum assured chosen by you will remain constant for the entire policy term. If the life insured survive till maturity date , we shall return all the premium paid.
Return of Premium with waiver of premium Benefit – In addition to Benefits applicable for option 7 , in case you are diagnosed with critical illness or total permanent disability whichever is earlier all future premiums,if any will be waived off and Policy will continue till end of Policy Term.
The premium will vary depending on the plan option chosen by you. Plan Options once selected cannot be changed during the Policy Term.
Death Benefit – In case of your unfortunate demise during the Policy Term death benefit will be paid to your Nominee. The policy will stand terminated once the Death benefit is paid.
Aditya Birla Insurance Terminal Illness Benefit
The Policy comes with an inbuilt terminal illness Benefit in case your are diagnosed with a terminal illness during the policy term 50% of the Applicable sum assured on Death, subject to a maximum of Rs 2.5 crore will be paid immediately and the remaining future premiums on your policy will be waived off.
Eligibility For Birla Sun Life Insurance
Entry Age in ABSLI Life Shield Plan
- For Plan Option ( 1,3,5,7 ) – 18 to 65 years
- For Plan Option ( 2,4,6,8 ) – 18 to 50 years
Maximum Maturity Age – 85 Years
Policy Term ( ABSLI Life Shield Plan )
|Premium Payment Options||Min Policy Term ( in years )||Max Policy Term ( in years)|
|Regular Pay / Single Pay||10||55|
|Limited pay 6 and 8 years||10||55|
|Limited pay 10 years||15||55|
|Premium Payment Options||Min Policy Term ( In years)||Max Policy Term ( in years )|
|Regular Pay/ Limited Pay – 6,8,10 years/ single pay||20||55|
Premium Mode – Annual / Semi annual / Quarterly / Monthly
Sum Assured on Aditya Birla Sun Life Insurance
- Minimum – Rs 25,00000
- Maximum – No Limit ( Subject to Underwriting Guidelines )
Toll Free Number ( Aditya Birla Insurance ) – 1800-270-7000
Future of Your Family – One thing you must have to understand that, for the betterment of the future of your loved ones you have to take a Decision by investing your money in Life Insurance plans. Because the investment you made today will make a great difference in your child’s upcoming future.
Aditya Birla Sun Life Insurance plan is Really a Good Option for Future Investment.