Term Insurance Premium Calculator - Buy Term Plan Online @ Birla Sun Life Insurance
×

Toll free (Within India):

1-800-270-7000

Outside India:

+91 22 66917777

(Call charges apply)
Monday to Saturday,
Between 9 am to 9 pm


Call us
×
Call Now




Get a
Call back

Tell us a bit about yourself

I am

ABSLI Protect@Ease Plan

The work you put in every day helps you build savings for your family's future - but is it enough? Expenses keep mounting every month, inflation eats away at your finances, and the needs of a growing family further pressurise your limited income.

The key to making your loved ones' dreams come true is in your hands - and the most enduring path towards wish fulfilment is via term insurance. Your loved ones' present happiness and future dreams depend on you. Hence, your term insurance policy can put them on the route to fulfilling their future dreams.

Buy term insurance today, for securing their future tomorrow.

The term insurance policy has two principal benefits: It has an affordable premium and a high sum assured. Thus, your family is well cared for even in your absence, when there is a sudden discontinuation of income. In your absence, the term insurance policy keeps your family away from financial uncertainty and helps them achieve their goals - just like you had planned.

Why ABSLI Protect@Ease Plan?

ABSLI's Protect@Ease Plan is a traditional term insurance plan designed to secure your family's future against uncertainties and unforeseen circumstances. It insulates you and your loved ones against the negative impact of future unforeseen events while helping them achieve their goals and dreams. Thus, it helps give your family the financial independence and security that you have always aimed for in your absence.

Broadly, ABSLI Protect@Ease Plan offers a substantial Death Benefit, Joint Life Protection, Enhanced Life Stage Protection, and Customisable Benefits.

Benefits of ABSLI Protect@Ease Plan

In a nutshell, the benefits of this term insurance policy are as follows:

  • Complete financial protection at an affordable cost
  • Increasing or level term option available
  • Cover increasing responsibilities with Enhanced Lifestage Protection
  • Joint Life Protection option
  • Inbuilt Terminal Illness Benefit
  • Multiple death benefit options
  • Rewards for a healthy lifestyle
Death Benefit

This is the pay-out your family receives in the event of your unfortunate demise during the plan period. The death benefit from this term insurance policy is paid to the nominee of the plan. It is calculated as the sum assured on death minus previously paid terminal illness benefit. The term insurance policy is terminated after the death benefit is paid.

Sum Assured on Death for regular/limited pay will be an amount that is the highest of:

  • 10 times the annualised premium for all ages; OR
  • 105% of all the premiums paid as on the date of death; OR
  • Minimum guaranteed sum assured on maturity; OR
  • Absolute amount assured to be paid on death

Sum Assured on Death for single pay will be an amount that is the highest of:

  • 125% of single premium for all ages; OR
  • Minimum guaranteed sum assured on maturity; OR
  • Absolute amount assured to be paid on death

There is no 'minimum guaranteed sum assured on maturity' under this plan.

Sum assured payable on death is Effective Sum Assured as on the date of demise.

  • Level Term Assurance Option: The Effective Sum Assured is the sum assured at inception. It is constant throughout the policy term.
  • Increasing Term Assurance Option: The Effective Sum Assured is the sum assured at inception increasing on every policy anniversary by 5% or 10% as chosen by you at inception.

Under Level Term Assurance Option, the Effective Sum Assured shall include any change in Sum Assured arising from exercising the Enhanced Life Stage Protection option.

Pay-out options

The nominee can take the Death Benefit by choosing one of the following options

  1. Lump sum payment, OR
  2. Staggered payment with fixed annual income. In this option the Death Benefit will be paid as one-time payout of 20% of Death Benefit at the time of claim settlement, plus The remaining Death Benefit is paid as an annual income. An annual income as a fixed percentage of Death Benefit on each death anniversary of the life insured for the chosen pay-out term (10 or 15 years) will be payable as shown in the table given below:
    Payout term (in years) 10 15
    % of Death Benefit 11% 8.37%

    OR

  3. Staggered Payment with increasing annual income @ 5% p.a. In this option, the Death Benefit will be paid as
    • One-time pay-out of 20% of Death Benefit at the time of claim settlement, PLUS
    • The remaining Death Benefit is paid as an annual income. An annual income as a fixed percentage of Death Benefit at the time of claim settlement and then increasing at the rate of 5% per annum simple on each death anniversary of the life insured for the chosen payout term (10 or 15 years) will be payable as shown in the table given below:
    Payout term (in years) 10 15
    % of Death Benefit 9.16% 6.47%
Terminal Illness Benefit

In case you are diagnosed with a terminal illness, 50% of the applicable Sum Assured on Death, subject to a maximum of Rs. 2.5 crore, will be paid immediately. On subsequent death of the Life Insured during the policy term, the Sum Assured on death shall be reduced by the amount of Terminal Illness Benefit already paid. Future due premiums are liable to be paid on their premium due dates. Terminal Illness Benefit is payable only on the first diagnosis of any terminal illness of the policy holder during the policy term.

Joint Life Protection

Under this option, your and your spouse's lives are covered under the same term insurance policy. You are the primary insured and your spouse is the secondary insured. The sum assured applicable for your spouse shall be equal to 50% of your applicable sum assured. This option shall only be available where the sum assured of primary life insured is greater than or equal to Rs 60,00,000. You can choose this option while buying the policy and it shall not be changed subsequently. No rider can be opted under this option

Enhanced Lifestage Protection

Your needs vary at certain times of life, prompting the need for greater protection. Your family size grows when your children are born, and these events require a higher coverage to shoulder the additional responsibilities. ABSLI Protect@Ease Plan offers enhanced protection for these times without any new medical evaluation.

  • This feature is available only for Level Term Assurance Option, where standard life at inception of the policy, regular pay policy and the attained age of life insured is less than or equal to 50 years.
  • This option is not available if Joint Life Protection is opted for.
  • Future premiums shall be increased in proportion of the increase in the sum assured to the sum assured at inception of the policy and will be reflected from the subsequent policy anniversary.

The details of Enhanced Lifestage Protection are mentioned below:

Event Enhanced Protection
(% of Sum Assured at Inception of the policy)
First Marriage 50% subject to a maximum of Rs. 5,000,000
Birth of 1st Child 25% subject to a maximum of Rs. 2,500,000
Birth of 2nd Child 25% subject to a maximum of Rs. 2,500,000

You can choose to reduce the sum assured in future to the extent of sum assured increased under the Enhanced Lifestage Protection option. Any increase in sum assured due to your first marriage, birth of first child or second child under this option, may be subsequently reduced subject to the written request.

Customisable Benefits

For added protection, you can enhance your term insurance coverage during the policy term by adding these riders for a nominal extra cost.

ABSLI Accidental Death & Disability Rider (UIN: 109B018V03)

The impact of the accident is more if you are not prepared for it. Accidental Death and Disability rider by ABSLI is a stress-free and nominal way of providing stronger financial security for your family in case of your untimely accidental death or disability.

ABSLI Accidental Death and Disability rider covers the following insured events.

  1. Accidental Death: In the unfortunate event the death of the life insured within 180 days of the occurrence of an accident, we will pay rider sum assured to the nominee.
  2. Accidental Disability: In the event of disability due to accident which is established 180 days following the date of the event, we will pay life insured a percentage of rider sum assured, based on the description of bodily injury.

Download the Rider brochure from here for more details

ABSLI Critical Illness Rider (UIN: 109B019V03)

With ABSLI Critical Illness Rider you can safeguard yourself with the increasing cost of medication. ABSLI Critical Illness rider covers 4 major illnesses.

  1. First Heart Attack of Specified Severity
  2. Cancer of Specified Severity
  3. Stroke Resulting In Permanent Symptoms
  4. Major Organ / Bone Marrow Transplant

Download the Rider brochure from here for more details

Aditya Birla Sun Life Surgical Care Rider (UIN: 109B015V03)

If you are hospitalized for undergoing medically necessary surgery in India for a minimum period of 24 hours and actually undergo that surgery a lump sum benefit will be paid. You can choose your benefit amount from Rs. 3,000 to Rs. 30,000. The rider sum assured will be 50 times this benefit amount.

Major Surgery

For a surgery that directly involves brain, heart (including coronary arteries), liver or lung the benefit amount will be five times the chosen benefit amount

Other Surgery

For any other valid surgical hospitalization the benefit will be equal to the chosen benefit amount.

Policy Limits

You can claim up to 10 times the chosen benefit amount in one policy year and up to 50 times the chosen benefit amount in the entire policy term.

Download the Rider brochure from here for more details

ABSLI Waiver of Premium Rider (UIN: 109B017V02)

In case life insured / policy holder is unable to pay the policy premiums due to a disability, critical illness or an untimely demise, all future premiums of the base plan and the attached riders will be paid by ABSLI and all policy benefits will continue.

If you are unable to pay your premium in the event of financial difficulties arising due to the following:

  • Proposer becomes completely disabled due to an illness or accident
  • Proposer is diagnosed with any of the specified critical illnesses
  • Death of the proposer (if not the life insured)

then ABSLI will waive off all the future premiums of the base plan and the attached riders throughout the rest of the policy term or until the termination of the policy or till the attained age 70 of the proposer whichever is earlier.

The benefit under this rider is payable only when the base plan is in effect. The cover under this rider will cease after a claim under this rider is paid, however, the cover under the base plan/other rider/s will continue.

ABSLI Hospital Care Rider (UIN: 109B016V03)

With the help of ABSLI Hospital Care Rider you can rest assured knowing that you can boldly face unwanted, unexpected circumstances, without any hassles.

Benefits of Hospital Care Rider are:

  1. Hospital Cash Benefit
  2. ICU Benefit
  3. Recuperating Benefit
  4. Policy Limit (You can claim 100 times the chosen daily cash benefit amount in one policy year and 250 times the chosen daily cash benefit amount in the entire policy term.)

Download the Rider brochure from here for more details

ABSLI Accidental Death Benefit Rider Plus (UIN: 109B023V01)

ABSLI Accidental Death Benefit Rider Plus offers additional financial security at a nominal cost, to your family in the event of your untimely accidental death.

Download the Rider brochure from here for more details

Riders are not available for Joint Life Protection Option. You can only opt for either ABSLI Accidental Death and Disability Rider or ABSLI Accidental Death Benefit Rider Plus. Please refer to detailed brochures on riders, consult your financial advisor or visit our website for further details.

Note - The life insured will be entitled to receive the benefit if the illness does not result either directly or indirectly from any one of the causes listed in the exceptions clause of the respective riders brochures:

Eligibility criteria for ABSLI Protect@Ease Plan

Entry Age 18 to 65 years of age
Plan Option I - Level Term Assurance
II - Increasing Term Assurance
Policy Term 5 to 40 years; subject to maximum age of 80 years at the end of policy term
Premium Paying Term Single Pay | Limited Pay - 5 | 7 years | Regular Pay
Premium Mode Annual | Monthly
Sum Assured Minimum Rs. 30,00,000
Maximum: No Limit (subject to underwriting guidelines)

Buy ABSLI Protect@Ease Plan

Now that you have perused the policy features above, it is time to buy this term insurance online. You can buy this term insurance policy online quite easily, by following these steps:

  1. Use the online term insurance calculator to arrive at your desired sum assured amount and premium.
  2. Choose your Sum Assured and Plan Option (Level Sum Assured / Increasing Sum Assured)
  3. Get the online term plan quotation: Choose your Policy Term, Premium Paying Term, Premium Mode, choose rider benefits to get the annual or monthly premium payable.
  4. Enter your name, mobile number and email ID. Hit 'Buy now'.
  5. Fill out the application form.
  6. Pay the first premium. Your payment acknowledgement and policy document will be sent to you separately.

Disclaimer

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating traditional 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. For more details on risk factors, terms & conditions, please read the brochure carefully before concluding the sale. For detailed terms & conditions 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.


Registered Office:
One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013.

CIN: U99999MH2000PLC128110

Registration No. 109

ADV/6/17-18/415

Unique No. 109N091V02


IRDAI hereby 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 call, number.