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The amount you must pay regularly to maintain the validity and good standing of your life insurance policy is known as a premium charge.
Yes, there may be costs associated with choosing to withdraw a portion of your accumulated funds in your Unit Linked Insurance Plan (ULIP)^. This charge, which is a proportion of the amount you withdraw, is referred to as the partial withdrawal charge. A lot of insurance companies provide a few free withdrawals every year, usually two or four before these fees are applied. Certain ULIPs^ allow for unlimited free withdrawals without any further costs.
A rider charge is an additional cost associated with adding optional coverage advantages to your life insurance policy. Beyond what is covered by your regular insurance, these riders, such as those for critical illness or accidental death, offer further protection. The fee assures these additional benefits.
Your policy documentation lists the majority of costs. However, some may not be immediately obvious. This is why, to prevent unpleasant surprises, it's essential to thoroughly go over your policy and discuss any possible hidden costs with your insurance company.
Life insurance charges impact the total cost of your policy and the benefits you receive. By reviewing these fees, weighing your options, and comprehending the terms and conditions, you can ensure that the policy meets your coverage needs and financial objectives.
Buy ₹1 Crore Term Insurance at Just ₹465/month*
Term plan designed for salaried individual.
3 Plan Options
Health Management Service Worth ₹46000
100% return of premium
Life Cover
₹1 crore
Premium:
₹465/month*
^In the Unit Linked Policy, the investment risk in the investment portfolio is borne by the Policyholder.
Linked Life insurance products are different from the traditional life insurance products and are subject to the risk factors.
Linked Insurance Products do not offer any liquidity during the first five years of the contract.
The policyholder will not be able to withdraw/surrender the monies invested in Linked Insurance Products completely or partially till the end of the fifth year from inception.
Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document. The premium paid in unit linked life insurance policies are subject to investment risk associated with equity markets and the unit price of the units may go up or down based on the performance of fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. Tax benefits may be available as per prevailing tax laws. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale.
*LI Age 21, Male, Salaried, Non Smoker, Option 1: Level Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Premium paying term: 10 years, Death Benefit Payout as Lumpsum. Annual Premium: ₹ 5584/- ( which is ₹ 465/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
ABSLI Super Term Plan - This Policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked non-participating individual pure risk premium life insurance plan. UIN: 109N153V01
Upon Policyholder’s selection of Plan Option 3 (Level Cover with Return of Premium) this product shall be a non-linked non-participating individual savings life insurance plan. All terms & conditions are guaranteed² throughout the Policy Term. GST and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws.
ADV/5/25-26/259