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We all wish for the goodwill of our family and the people we love. To make sure they are taken care of in the most critical stages of life you need a plan. Designed for salaried professionals and entrepreneurs alike, Aditya Birla Sun Life Insurance Income Shield Plan provides the financial support needed to protect your loved ones even in case of death or other unforeseen circumstances


We all wish for the goodwill of our family and the people we love. To make sure they are taken care of in the most critical stages of life you need a plan. Designed for salaried professionals and entrepreneurs alike, Aditya Birla Sun Life Insurance Income Shield Plan provides the financial support needed to protect your loved ones even in case of death or other unforeseen circumstances. It ensures that the family continues to earn the same monthly salary or income necessary to enjoy the same lifestyle as earlier. Give your family the shield they deserve to protect their dreams
 
Key features of the Plan
 
  • Complete financial protection at an affordable cost
  • 4 plan options to suit your protection needs
  • EVA benefit – a benefit exclusive for females
  • Flexible Premium Paying Terms & Income Benefit Term
  • Enhance your insurance with appropriate rider option
 
 
Your Plan Options
 
At inception, you choose the sum assured, plan option and how long you want to pay. The plan options available are given below

Plan Options

Option 1
On death we will pay the nominee a level monthly income# during the
Income Benefit Term
Option 2
On death we will pay the nominee a monthly income increasing at 5% p.a. (simple) during the Income Benefit Term
Option 3
On death we will pay the nominee a level monthly income during the Income Benefit Term Additionally on diagnosis of a Critical Illness^ or diagnosis of Total Permanent Disability^ whichever is earlier, the future premiums will be waived off and the policy will continue till the end of policy term
Option 4
On death we will pay the nominee a monthly income increasing at 5% p.a.(simple) during the Income Benefit Term

Additionally on diagnosis of a Critical Illness^ or diagnosis of Total Permanent Disability^ whichever is earlier, the future premiums will be waived off and the policy will continue till the end of policy term


Plan option once selected cannot be changed during the policy term.
# Monthly Income is 1.25% of the chosen Sum Assured
^ Explained in detail later in the brochure

 
Illustration
 
 
 
 
 
Eligibility Criterion
 
Entry Age (age last birthday)
18 – 50 Years
Maximum Maturity Age
75 Years
Premium Paying Term (PPT)
Regular Pay
Limited Pay – 6 | 10 Years
Policy Term
10 – 40 Years
Income Benefit Term
10 – 20 Years
Sum Assured
Minimum – Rs.500,000
Maximum – No Limit
Pay Mode
Annual, Half-yearly, Quarterly & Monthly
 
Please click here for Sample Policy Contract
 
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Disclaimer
Untitled Document

"The Trade Logo "Aditya Birla Capital" Displayed Above Is Owned By ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) And Used By ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the License."

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked non – participating term insurance plan. All terms & conditions are guaranteed throughout the policy term. GST and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. The insurance cover for the life insured will commence on the policy issue date. For further details please refer to the policy contract. Tax benefits are subject to changes in the tax laws. For more details and clarification call your ABSLI Insurance Advisor or visit our website and see how we can help in making your dreams come true. Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance Company Limited) Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. IRDAI reg no.109 CIN: U99999MH2000PLC128110 ADV/10/17-18/886 VER1/OCT/2017

IRDAI clarifies to the public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone number.
Unique No.:109N105V01