The claim forms can be submitted at the nearest ABSLI Branch Office or could be sent directly to the Claims Section at:

The Claims Section, Aditya Birla Sun Life Insurance Company Limited G Corp Tech Park, 5th & 6th Floor, Kasar Wadavali, Ghodbunder Road, Thane - 400 601.

Losing someone is a difficult time for anyone. At such times, it may help to talk to empathetic experts who can help cope with loss. With this in mind, we at Aditya Birla Sun Life Insurance (ABSLI), offer a wellness program in partnership with MPower. Through this program, nominees or family members of the insured can opt for grief counselling sessions after their demise. During these sessions, a trained team of professionals will guide and help them cope with loss and emerge stronger. Through this first-of-its-kind program, we have already helped 100+ families overcome their grief.

To honor the memory of the members of our life insurance family, we plant a tree for every deceased member in the Sundarbans Forest. The nominee and the family members get a certificate along with pictures of the sapling planted in the name of the insured. So far, we have successfully planted 3,500 trees through Grow Tree since the inception of the initiative.

Deaths due to the below causes are usually not covered by life insurance policies:

1. Pre-existing diseases
2. Suicide
3. Adventure sports like skydiving
4. War/war-related acts
5. Pregnancy or pregnancy-related complications
6. Participation in illegal, unlawful or criminal activities like driving under the influence of drugs or alcohol
7. Incorrect or wrong information declared during life insurance application like wrong age, smoking habits, medical information, etc. Life insurance policies can also have other exclusions, which can differ from policy to policy. Read the policy document carefully to understand what is covered and what is not.

There are three types of life insurance payouts: Claims, maturity payouts and bonus payouts. Claim payouts, often called the death benefit, are paid out after the demise of the insured. These payouts are usually exempt from income tax. However, the total sum assured should be at least 10 times that of the annual premium. Otherwise, a TDS (Tax Deducted at Source) of 1% will be levied.

Maturity and bonus payouts can also be exempt from any income tax if it follows the below terms:

• For policies issued before 1st April 2012: The premium paid on the policy is less than 20% of the sum assured
• For policies issued after 1st April 2012: The premium paid on the policy is less than 10% of the sum assured You can read the details of the exemptions under Section 10(10D) of the Income Tax Act.

We have a Grievance Redressal Committee that is chaired by an internal and external member. If you wish to represent your case, you can send a letter addressed to the committee at the address given below: Claims Grievance Redressal Committee The Claims Section, Aditya Birla Sun Life Insurance Company Limited G Corp Tech Park, 5th & 6th Floor, Kasar Wadavali, Ghodbunder Road, Thane - 400 601 Considering all the facts and circumstances, the committee takes a decision on every representation.

Once the payment is credited to the Beneficiary's Account successfully, Claims Dept would send a communication letter and mailer to the Customer with the details of the electronic transfer.

Claimant should submit the Original cheque along with the written statement stating the reason for re-issuance and payment option alongwith the documentary proof of Bank details to nearest Aditya Birla Sun Life Insurance Branch. Ps: For cases wherein cheque is lost then requirement of Original cheque is not applicable.

The IRDAI (Insurance Regulatory and Development Authority of India) guidelines state that a claim will have to be paid within 30 days from the date of receipt of all claim documents. In case the claim warrants an investigation, then the insurance company has to complete the investigation not later than 120 days from the time of making the claim. Moreover, if a claim is ready for payment but the payment cannot be made because of conflicts or insufficiency of proof of title, then the insurer may apply to pay the amount into the Court, or, such an amount will earn interest at the prevalent rate applicable to a savings bank account.

Transfer of part/full death claim proceeds in new business is not allowed.

If the Nominee has also expired, then Claimant's statement can be filled by the nearest blood relative who is claiming for Policy monies. However they would need to furnish legal documents as required by the Claims Dept to disburse the claim proceeds in their favour.

If the nominee is minor and there is no appointee, then claim forms needs to be filled by the individual who is custodian of the minor nominee. However they would need to furnish the legal documents as required by the Claims Dept to disburse the claim proceeds.

If the Karta under the Policy has expired, then claim documents needs to be filled by new Karta of HUF and the standard set of claim requirement needs to be submitted depending on early /non-early claim.

In the claims findings if it is established that there had been a material suppression of facts pertaining to the proposal information, which would have impacted the assessment of risk, if disclosed at the proposal stage, then it may lead to repudiation of the claim. If documents submitted at the Proposal / Claims stage are not genuine, it would also lead to claim repudiation. Hence it is very important to read through the Proposal form and submit factual details at the proposal stage and provide genuine Know Your Customer requirements to ensure that in case of the unfortunate event of death, the claim always gets paid.

You can file your Claim in any of the following ways: Website – Intimate claim online by clicking here, Call us at our Toll free number 1-800-270-7000, Visit your nearest Aditya Birla Sun Life Insurance Branch, Email us at claims.lifeinsurance@adityabirlacapital.com, Intimate the Claims Dept with the claim documents at below mentioned address: Claims Dept, Aditya Birla Sun Life Insurance Company Limited G Corp Tech Park, 5th & 6th Floor, Kasar Wadavali, Ghodbunder Road, Thane - 400 601.

Please refer the glossary below of the various requirements called for: Claimant's Statement: - It is required to be completed by the person entitled to policy moneys. Medical Attendant Certificate: - It is to be filled by the doctor / hospital who attended on the life assured during his / her terminal illness or who certified his / her death. In case the Life Assured was not having any terminal illness prior to death and death was not certified by any doctor then it needs to be completed by the life assured's family physician. Employer's Certificate: - This has to be completed by the employer of the deceased. Indemnity bond for loss of Original Policy Document: - To be submitted where the Original Policy Document is lost / misplaced FIR: - FIR stands for First Information Report which is a written document prepared by Police Authorities generally when a complaint is lodged with the police by the victim of a cognizable offense or by someone on his or her behalf, but anyone can make such a report either orally or in writing to the police. Post Mortem Report: - An examination of a dead body to determine the cause of death. Application for dispensing with Legal Evidence of Title: - Application for dispensing with Legal evidence of title is only called if the policy was not nominated or Nominee has expired or if there is no appointee. The document is to establish the existing legal heirs of the deceased Life Assured. The document needs to be executed on a Non-Judicial Stamp Paper of Rs. 200/- and should be attested by Notary Public. Guardianship Certificate: - It's a Certificate issued by judicial authority to a legal guardian who has the legal authority to care for the personal and property interests of the Minor Nominee Succession Certificate. Legal heirs Certificate: - A Legal Heirship Certificate is issued by a Judicial Authority. Prior to the issuance of the Legal Heirship Certificate, a summary enquiry is undertaken by the Judicial Authority, through his or her functionaries, to ascertain the legal heirs of the deceased, so far as may be possible. A certificate is issued on the basis thereof.

As per standard requirement Original pre-printed Cancelled Cheque containing Beneficiary's Name, Account Number and IFSC Code has to be submitted to carry out the electronic claim payment transaction. In case of non availability of the above document, we requires copy of Passbook / Bank statement containing Beneficiary's Name, Account Number and IFSC Code. If none of above documents are available then Printed Bankers Authorization in original on their letter head containing Account Number, IFSC Code and Beneficiary Name duly seal and signed by respective Bank Branch Manager would be required.

To know the documents required to file a Individual Death claim, visit our website.
To know the documents required to file a Individual Rider claim, visit our website.
To know the documents required to file a Group Death claim, visit our website.
To know the documents required to file a Group Rider claim, visit our website.
To know the documents required to file a Social Death claim, visit our website.
To know the documents required to file a Health claim, visit our website.

In rare cases where the Claimant's Bank does not participate in the NEFT Process either directly or indirectly, ABSLI may at its own discretion make Claim payment through cheque.

In that case, Claimant needs to arrange the Medical Attendant's Certificate filled by the Hospital/ Family Doctor / Doctor which/ who had treated him/her during ailment prior to death or which/ who has certified him/ her dead. In case there was no Family Doctor or Life Assured was not treated by any doctor during his/her life time then same needs to be provided as a written declaration by the Claimant.

In case Claimant has lost the Original Policy Bond, then they need to provide the Indemnity Bond for loss of Policy document executed on Rs. 200 stamp paper duly notarized.

3 step Claim process: Step1: Claim Intimation - Intimate and submit the required set of documents. Step2: Claim Processing - Claim assessors will review the documents and guide you throughout the process. Step3: Claim Decision - Claims team will communicate the decision. Payments will be made through electronic transfer.

The Nominee or the blood relatives / family members of the Life Assured should inform about the death of the Life Assured.

To know the status of the claim you can visit the “Manage Claims” page and track the claim status. You can also call up on the toll free no. 1-800-270-7000 or send an email to claims.lifeinsurance@adityabirlacapital.com or can visit the nearest Aditya Birla Sun life Insurance branch to know the status of the claim or for any assistance required.

If the policy is issued under the Keyman Insurance Policy, then standard set of claim documents needs to be submitted by the Employer depending on early /non-early claim and the claim monies would be disbursed in favour of the Employer.

Insurance companies will not charge the investor for issuing e-policies. The charge structure for opening a repository account is yet to be finalised. However, this is likely to be nominal.

The repositories will be operational in the next few weeks and thereafter account opening will start. We will inform you about the same once the process starts.

1. National Insurance Repository Limited

2. Central Insurance Repository Limited

3. Karvy Insurance Repository Limited

4. CAMS Insurance Repository Services Limited

1. National Insurance Repository Limited - 91-22-49142631/49142502 helpdesk.nir@nsdl.co.in

2. Central Insurance Repository Limited - 1800-200-5533 / cirlhelpdesk@cdslindia.com

3. Karvy Insurance Repository Limited - 91 09642 546737 / eVault@karvy.com

4. CAMS Repository Services Limited - 1800-200-7737 / repository@camsonline.com

1. National Insurance Repository Limited - nir@ndml.in

2. Central Insurance Repository Limited - cirlhelpdesk@cdslindia.com

3. Karvy Insurance Repository Limited - eVault@karvy.com

4. CAMS Repository Services Limited – repository@camsonline.comt

The customer will receive his login credentials and welcome kit via email from the Insurance Repository. No email will be sent by Aditya Birla Sun Life Insurance Company Ltd.

The customer can get in touch with the Insurance Repository’s touch points mentioned below.

1. National Insurance Repository Limited - 91-22-49142631/49142502 helpdesk.nir@nsdl.co.in

2. Central Insurance Repository Limited - 1800-200-5533 / cirlhelpdesk@cdslindia.com

3. Karvy Insurance Repository Limited - 91 09642 546737 / eVault@karvy.com

4. CAMS Repository Services Limited - 1800-200-7737 / repository@camsonline.com

No, Insurance repositories cannot sell/solicit insurance policies. They are authorized only to maintain the policies in electronic form and provide a service record of all insurance policies.

eIA stands for e-Insurance Account or "Electronic Insurance Account" which will safeguard the insurance policy documents of policyholders in electronic format. This e-Insurance account will facilitate the policyholder by providing access to the insurance portfolio at a click of a button through internet. IRDA has granted the Certificate of Registration to the following five entities to act as 'Insurance repositories' that are authorized to open e-Insurance Accounts:

a) M/s NSDL Database Management Limited

b) M/s CDSL Insurance Repository Limited

c) M/s SHCIL Projects Limited

d) M/s Karvy Insurance Repository Limited

e) M/s CAMS Insurance Repository Services Limited

Each e-Insurance Account will have a unique Account number and each account holder will be granted a unique Login ID and Password to access the electronic policies online.

An e-Insurance account application form is one that is used by an individual to open an e-insurance account with the Insurance Repository. This form would be available with Insurance Company, Insurance Repository or an Approved Person.

An e-Insurance account holder or policyholder is required to:

 a) Fill the e-Insurance account form and

 b) Submit the following documents to the office of Insurance Repository or Insurance company or authorized

Approved Person (AP) appointed by Insurance Repository:

 1. Photo ID

 2. Recent passport size photograph

 3. Cancelled Cheque ( In case of ECS/NEFT services for insurance premium payment transaction) and

 4. Address proof

An e-Insurance account holder or policyholder is required to:

 a) Fill the e-Insurance account form and

 b) Submit the following documents to the office of Insurance Repository or Insurance company or authorized

Approved Person (AP) appointed by Insurance Repository:

 1. Photo ID

 2. Recent passport size photograph

 3. Cancelled Cheque ( In case of ECS/NEFT services for insurance premium payment transaction) and

 4. Address proof

Yes, an individual who is not having any insurance policy can open an e-Insurance account. After buying a policy, the policyholder can give a request for dematerialization to the Insurer or Insurance Repository or Approved Person.

Once e-Insurance account is created, you will receive a welcome kit. A pin mailer shall be sent separately. Using the login credentials and PIN, you can access and start using your e-Insurance account.

Yes, it is possible to convert the existing paper policies into electronic form. A service request may be made to the Insurance Repository or Insurer or the Approved person in this regard.

Once you have opened an e Insurance Account, to buy a new policy in electronic form, you just need to quote your unique e-Insurance account number in your new insurance proposal form and make a request to issue policy in an electronic form.

All Life insurance, Health insurance, General insurance & Annuity policies that are issued by registered insurance companies with IRDA and who have signed up with the Insurance Repositories are eligible to be held in the electronic form.

You will receive a mail and SMS on your registered e-mail id and mobile number.

All the services provided by Insurance repositories are FREE of charge.

A list of all policies that are credited will be available in the e-Insurance account. For each policy, policy level details like the status, commencement, maturity/expiry, nomination, assignment, endorsement, address, terms and conditions etc., would be available. In addition, the e-Insurance account holder will be able to download a copy of the policy bond.

Yes both Nominee and Authorized Representative can be the same person.

Yes. Authorized Representative can be changed by making a request to the Insurance Repository.

NO. As per the IRDA guidelines, an individual cannot open multiple e-Insurance accounts.

After the demise of the e-Insurance account holder and after settlement of all insurance claims, the Authorized representative needs to make a request to the Insurance Repository to close the e-Insurance account.

Yes, the policyholder shall make a request to his insurer and upon completion of all formalities in respect of the same, the hard copy of the policy document shall be made available.

Yes, the e-Insurance account holder will have an option to shift from one Insurance Repository to the other. All the policy details and transaction history would then be transferred to the new Insurance repository.

a) Welcome Kit with details of e-Insurance Account and modus operandi of its operation, the login ID.

b) A Pin mailer with the password.

c) The statement of account giving the details of all policies held whenever additional insurance is taken or a policy matures/ surrendered/ lapses would be provided to the e-insurance account holder.

d) When a new policy is issued the insurer shall send an insurance information sheet containing the basic details of insurance policy to the address stated.

Every Insurance repository will have a policyholders’ grievances cell to address the grievances in respect of repository services and electronic policies held by them.

All requests in respect of either your e-Insurance account or any of the electronic policies may be made to the Insurance Repository. However, requests in respect of the policies can also be made directly with the Insurer concerned.

Upon a request, the Insurance repository would handle all servicing needs that fall within scope of their services directly and would forward the others to the Insurer concerned. An update to the policyholder would be provided by the Insurance Repository on the status of the request in respect of all the requests that it receives.

Identity proof (any one):

a) PAN Card

b) UID

Address proof (any one):

 a) Ration card

 b) Passport

 c) Aadhar letter

 d) Voter ID card

 e) Driving license

 f) Bank Pass Book (not more than 6 months old)

 g) Verified copies of:

      i) Electricity bills (not more than 6 months old)

      ii) Residence Telephone Bills (not more than 6 months old)

      iii) Registered Lease and License agreement / Agreement for sale

Self-declaration by High Court and Supreme Court judges, giving the new address in respect of their own accounts.

Identity card/document with address, issued by:

a) Central/State Government and its Departments

b) Statutory/Regulatory Authorities

c) Public Sector Undertakings

d) Scheduled Commercial Banks

e) Public Financial Institutions

 f) Colleges affiliated to universities

g) Professional Bodies such as ICAI, ICWAI, Bar Council etc. to their Members

An Approved Person is a Point of Sale (PoS) appointed by Insurance Repository and will be working on behalf of Insurance Repository to extend the IR services.

An Authorized Representative is a person who is appointed by e-Insurance account holder to operate his/her e-Insurance account in case of unfortunate demise or incapability of e-Insurance account holder to operate the account. The Authorized Representative will intimate the Insurance Repository about the demise/incapability of policyholder with valid proof.

An Authorized Representative has only access rights to the e-Insurance account in the event of demise of the policy holder. The Authorized Representative would only to act as a facilitator and is not entitled to receive any policy benefits unless designated as a 'nominee' or 'assignee' by the deceased policy holder.

No, Insurance repositories cannot sell/solicit insurance policies. They are authorized only to maintain the policies in electronic form and provide a service record of all insurance policies.

eIA stands for e-Insurance Account or "Electronic Insurance Account" which will safeguard the insurance policy documents of policyholders in electronic format. This e-Insurance account will facilitate the policyholder by providing access to the insurance portfolio at a click of a button through internet. IRDA has granted the Certificate of Registration to the following five entities to act as 'Insurance repositories' that are authorized to open e-Insurance Accounts:

a) M/s NSDL Database Management Limited

b) M/s CDSL Insurance Repository Limited

c) M/s SHCIL Projects Limited

d) M/s Karvy Insurance Repository Limited

e) M/s CAMS Insurance Repository Services Limited

Each e-Insurance Account will have a unique Account number and each account holder will be granted a unique Login ID and Password to access the electronic policies online.

An e-Insurance account application form is one that is used by an individual to open an e-insurance account with the Insurance Repository. This form would be available with Insurance Company, Insurance Repository or an Approved Person.

An e-Insurance account holder or policyholder is required to:

 a) Fill the e-Insurance account form and

 b) Submit the following documents to the office of Insurance Repository or Insurance company or authorized

Approved Person (AP) appointed by Insurance Repository:

 1. Photo ID

 2. Recent passport size photograph

 3. Cancelled Cheque ( In case of ECS/NEFT services for insurance premium payment transaction) and

 4. Address proof

An e-Insurance account holder or policyholder is required to:

 a) Fill the e-Insurance account form and

 b) Submit the following documents to the office of Insurance Repository or Insurance company or authorized

Approved Person (AP) appointed by Insurance Repository:

 1. Photo ID

 2. Recent passport size photograph

 3. Cancelled Cheque ( In case of ECS/NEFT services for insurance premium payment transaction) and

 4. Address proof

Yes, an individual who is not having any insurance policy can open an e-Insurance account. After buying a policy, the policyholder can give a request for dematerialization to the Insurer or Insurance Repository or Approved Person.

Once e-Insurance account is created, you will receive a welcome kit. A pin mailer shall be sent separately. Using the login credentials and PIN, you can access and start using your e-Insurance account.

Yes, it is possible to convert the existing paper policies into electronic form. A service request may be made to the Insurance Repository or Insurer or the Approved person in this regard.

Once you have opened an e Insurance Account, to buy a new policy in electronic form, you just need to quote your unique e-Insurance account number in your new insurance proposal form and make a request to issue policy in an electronic form.

All Life insurance, Health insurance, General insurance & Annuity policies that are issued by registered insurance companies with IRDA and who have signed up with the Insurance Repositories are eligible to be held in the electronic form.

You will receive a mail and SMS on your registered e-mail id and mobile number.

All the services provided by Insurance repositories are FREE of charge.

A list of all policies that are credited will be available in the e-Insurance account. For each policy, policy level details like the status, commencement, maturity/expiry, nomination, assignment, endorsement, address, terms and conditions etc., would be available. In addition, the e-Insurance account holder will be able to download a copy of the policy bond.

Yes both Nominee and Authorized Representative can be the same person.

Yes. Authorized Representative can be changed by making a request to the Insurance Repository.

NO. As per the IRDA guidelines, an individual cannot open multiple e-Insurance accounts.

After the demise of the e-Insurance account holder and after settlement of all insurance claims, the Authorized representative needs to make a request to the Insurance Repository to close the e-Insurance account.

Yes, the policyholder shall make a request to his insurer and upon completion of all formalities in respect of the same, the hard copy of the policy document shall be made available.

Yes, the e-Insurance account holder will have an option to shift from one Insurance Repository to the other. All the policy details and transaction history would then be transferred to the new Insurance repository.

a) Welcome Kit with details of e-Insurance Account and modus operandi of its operation, the login ID.

b) A Pin mailer with the password.

c) The statement of account giving the details of all policies held whenever additional insurance is taken or a policy matures/ surrendered/ lapses would be provided to the e-insurance account holder.

d) When a new policy is issued the insurer shall send an insurance information sheet containing the basic details of insurance policy to the address stated.

Every Insurance repository will have a policyholders’ grievances cell to address the grievances in respect of repository services and electronic policies held by them.

All requests in respect of either your e-Insurance account or any of the electronic policies may be made to the Insurance Repository. However, requests in respect of the policies can also be made directly with the Insurer concerned.

Upon a request, the Insurance repository would handle all servicing needs that fall within scope of their services directly and would forward the others to the Insurer concerned. An update to the policyholder would be provided by the Insurance Repository on the status of the request in respect of all the requests that it receives.

Identity proof (any one):

a) PAN Card

b) UID

Address proof (any one):

 a) Ration card

 b) Passport

 c) Aadhar letter

 d) Voter ID card

 e) Driving license

 f) Bank Pass Book (not more than 6 months old)

 g) Verified copies of:

      i) Electricity bills (not more than 6 months old)

      ii) Residence Telephone Bills (not more than 6 months old)

      iii) Registered Lease and License agreement / Agreement for sale

Self-declaration by High Court and Supreme Court judges, giving the new address in respect of their own accounts.

Identity card/document with address, issued by:

a) Central/State Government and its Departments

b) Statutory/Regulatory Authorities

c) Public Sector Undertakings

d) Scheduled Commercial Banks

e) Public Financial Institutions

 f) Colleges affiliated to universities

g) Professional Bodies such as ICAI, ICWAI, Bar Council etc. to their Members

An Approved Person is a Point of Sale (PoS) appointed by Insurance Repository and will be working on behalf of Insurance Repository to extend the IR services.

An Authorized Representative is a person who is appointed by e-Insurance account holder to operate his/her e-Insurance account in case of unfortunate demise or incapability of e-Insurance account holder to operate the account. The Authorized Representative will intimate the Insurance Repository about the demise/incapability of policyholder with valid proof.

An Authorized Representative has only access rights to the e-Insurance account in the event of demise of the policy holder. The Authorized Representative would only to act as a facilitator and is not entitled to receive any policy benefits unless designated as a 'nominee' or 'assignee' by the deceased policy holder.

Market capitalization (market cap) represents the total market value of a company. It is calculated by multiplying the number of shares of the company with its current stock price. On the basis of this market cap, companies are segregated into large-caps, mid-caps and small caps. There is however no standard way to categorize the companies on the basis of this value. At ADITYA BIRLA SUN LIFE INSURANCE, we define mid-caps as companies having market capitalization between US$ 100mn to US$ 2bn. Generally, while large caps are considered to be the present industry leaders, mid caps are the emerging leaders of the future. Mid-caps offer higher risk-return profile than large caps. They rise faster than large-caps in bull markets, but may also fall at the same pace. when the markets collapse.

A ‘growth’ stock is one that has the potential to generate higher returns than the overall market, and deliver substantial earnings. The stock is often traded at a higher value due to the expectation of high future earnings. A ‘value’ stock, on the other hand, is one that is undervalued, and is traded at a price that is much lower than its true worth. The undervaluation can be due to many reasons, for e.g. being in an industry which is going through a downturn etc

In top-down investing, overall economic and market environment is assessed to arrive at sectors that are likely to outperform the market. After selecting sectors, specific companies in those sectors are analyzed and chosen for investments. In bottom-up investing, extensive research and analysis is done on individual companies and they are chosen based on their future prospects and not on the basis of significant economic or market cycles. At ADITYA BIRLA SUN LIFE INSURANCE, we adopt a blend of both strategies.

ADITYA BIRLA SUN LIFE INSURANCE focuses on constructing high quality diversified equity portfolio which is skewed towards large-cap stocks with selective exposure to mid-caps. We invest in companies having clear business plans, scalable business model, efficient & visionary management as well as growth prospects. On the debt side, we predominantly invest in highest rated instruments to ensure better portfolio quality and liquidity.

When a company approaches the capital market with an issue of shares for the first time, the issue is called an ‘Initial Public Offering’ or an IPO. This process makes the way for listing and trading of the company’s equity shares on the stock exchanges. ADITYA BIRLA SUN LIFE INSURANCE invests in IPOs of fundamentally strong companies. Prior to investing, ADITYA BIRLA SUN LIFE INSURANCE conducts an in-depth research of the company with an emphasis on management quality and capabilities. An interaction with the company management is also undertaken to get a better understanding of their business model and future plans.

A Unit Linked Insurance Plan (ULIP) is a life insurance policy, which offers the dual benefits of a protection for life and investments. The protection element is the underlying insurance cover while the investment element is that portion of the premium that is invested by the life insurance company on your behalf in a fund of your choice.

ULIP is a unique investment avenue, which helps you fulfill your long-term financial goals. It fosters disciplined investment as it requires you to make investment at regular intervals. Being long-term in nature, it automatically provides a shield against short-term market volatility. It provides flexibility and transparency. Investment portfolios are disclosed on a monthly basis and Fund’s NAVs are disclosed on a daily basis. It offers a range of fund options with different asset allocations meeting the requirement of policyholders with different risk appetite. Investment in ULIP is eligible for tax deduction of Rs 100000 under Section 80(C) of Income Tax Act as per current tax laws

ULIPs are well suited for meeting your long-term financial goals. The premiums paid by investors (net of insurance charges) are invested in funds as mandated by the policyholders. These funds invest in market-linked instruments such as equity, bonds and government securities. Since the returns on ULIPs are market-linked, they too might get impacted in short term. However, long-term returns do not get much impacted by such short-term volatilities. Over a long-term, one should expect favourable returns from ULIPs.

To analyse how well your ULIP has fared, compare the returns with the fund’s benchmark and peer group. The peer group should be of funds with similar asset allocation, investment strategy and asset quality (ratings, market capitalization and diversification). For example, a fund with a 20 per cent equity and 80 per cent debt exposure should be compared against fund options with similar asset allocation only.

A benchmark is an index used by fund managers to compare the fund’s performance and portfolio risk. At ADITYA BIRLA SUN LIFE INSURANCE, we use BSE100 as a benchmark for equity investments, while CRISIL Composite Bond Index, CRISIL Liquid Index or CRISIL Short-Term Bond Index are used for debt investments.

Being a life insurance company, all investments are undertaken with a long-term view. We conduct active fund management and sell stocks if the fundamentals of the company/sector changes, valuations become too stretched or some other investment opportunity looks attractive in relative terms.

• Tax benefits are subject to changes in tax laws.

• Past performance is not indicative of future performance..

• Investment risk in the investment portfolio is borne by the policy holder.

If you have forgotten your User Name or Password, kindly click on the Forgot User name link and follow the instructions provided. After you have correctly responded to validation questions, the details are sent to your registered e-mail Id.

Your Password would be locked after you exceed the maximum number of five attempts for Login. Once your password is locked, you will have to wait for 15-20 minutes or else can request for a new password by clicking on forgot User Password

If your Bank account details are already updated, maturity benefits would be automatically transferred to the registered bank account, depending upon the plan features.

To check your registered bank details or to register/update your bank details now, click here: https://lifeinsurance.adityabirlacapital.com/customer-service/manage-your-policy/edit-bank-account-details

In case you don’t receive the Maturity amount or cheque in 15 days from the Maturity date, you may reach out to our customer support through Email/Call/Branch.

Note - 1: While submitting the documents through Email/Branch, if the request is submitted by any person other than the policy owner, photo id proof of that person is also required.

Note - 2: In case of NRE transfer, bank statement with premium payment transactions need to be submitted at the customer support touchpoints.

NRI customers can also send Email to our NRI helpdesk : Absli.nrihelpdesk@adityabirlacapital.com

Note - 3: In case of Maturity of Deferred Pension Plan, Please reach out to any of the customer support touchpoints to opt out commutation and annuity benefit.

For further assistance, reach us at:

• Call us: 18002707000 (Timings: Daily, 10 am - 7 pm)
• Email Us: care.lifeinsurance@adityabirlacapital.com
• ABSLI Branch visiting hours: To locate a ABSLI branch nearest to you, click here: https://www.adityabirlacapital.com/branch-locator (Timings: Monday to Saturday 9:30 am to 6:00 pm)

The policy number consists of nine digits and can be found at the right hand side of the first premium receipt of your policy document.

This is a unique identification number that distinguishes your policies from other policies and will remain unchanged throughout the lifetime of the policy.

Remember to quote the policy number every time in your correspondence, as it helps us to locate your records for reference.

Whereas, the client ID consists of ten digits, which is located at the left hand side of the first premium receipt of your policy document. This ID remains unique if you have more than one policy with us.

This provides an alternative to your policy number. Easy to remember one client ID, if you have more than one policy number.

Every policy is taken for different types of needs; therefore the conditions for your policy will vary according to the Plan and Term of the policy.

Policy document consist of a. Your Personal Details, b. First Premium Receipt and c. Your Policy Details. Hence it is important that you read the policy document and understand the policy conditions. The details like annual premium for your policy, the premium payment term and the term of the policy, the maturity date of the policy, the maturity value of the policy are mentioned in the policy document's' Your Policy Details' page.

The policy features are stated in the policy value provisions. Request you to refer to the policy value provisions depending upon your requirement you may avail the features offered.

Kindly make a thorough search before concluding that you have lost the policy document. Look for the same within your residence, among your investment papers, at your office and even with your agent to whom you might have entrusted the document for some reason.

It could have been even pledged with us/any other financial institution for availing a loan by you. We retain the policy document when you go in for a loan against the policy. Make sure that the document you are searching is not one that has already been assigned to us, or to another financial institution.

If the policy document is partially destroyed due to natural causes like, fire, flood, etc, the remaining portion may be returned as evidence of loss of policy to us, while applying for a duplicate policy.

In case you are sure that the policy document is untraceable due to unknown causes, there is a simple procedure to comply with while applying for the duplicate policy at the branch that services your policy. You may submit an Indemnity bond executed on a stamp paper of Rs. 500 if you reside within Maharashtra or Rs. 200 if you reside outside of Maharashtra. The stamp paper needs to be duly signed by you (policy owner) along with the below requirements.

• Self-attested Address proof (validity 6 months), also to be attested by ABSLI authorized signatory. • Self-attested Identity proof also to be attested by ABSLI authorized signatory.

To locate the nearest branch, click here

Once we receive your request, the duplicate policy documents will be dispatched to your registered mailing address within 10 days.

Your address is very important for us. Without your latest address we would not be in a position to contact you for any service offering. We would not like to keep any benefit that is due to you pending for want of this very important information. Whenever you shift residences, please inform the new address to us. Otherwise any communication we send to you, like premium notices, discharge vouchers for maturity and survival benefits etc., will get delayed in reaching you

To change your address, you may submit a Policy service request form to any of our branches, along with the below requirements;

• Self-attested Address proof (validity 6 months), also to be attested by ABSLI authorized signatory. • Self-attested Identity proof also to be attested by ABSLI authorized signatory

You can update your contact numbers and email addresses on our website using your CIP / TPIN.

Do let us know in case of any change of name by providing a copy of the gazette notification or a copy of the marriage certificate in case of change in name due to marriage. For all other request with significant name change, a copy of the gazette notification is required. Certified true copy (ies) of the supporting document should also be enclosed.

In case of a correction in name, please enclose a copy of any of the following:

• Passport • PAN Card • Voter's Identity Card • Driving license You may submit a Policy service request form to any of our branches along with the above stated requirement(s).

To locate the nearest branch, click here

Once we receive your request, the name change endorsement letter will be dispatched to your registered mailing address within 10 days.

Nomination enables speedy processing of claims ensuring that your loved ones get hassle free-access to the policy benefits in their hour of need.

Nominee is possible where owner and insured is the same person.

You may nominate more than one person under a policy; however percentage wise nomination is permitted. You may also change/add nominees anytime during the tenure of the policy.

A minor can be nominated, however for all such nomination an appointee who is a Major need to be appointed.

Click here for the Nomination form to be used for fresh/addition/change of nominee. The form should be completely filled in all respects.

Assignment is a means whereby the beneficial interest, rights and title under a policy get transferred from assignor to assignee. Insurance Act, 1938 recognizes only one mode of transfer of ownership of an insurance policy i.e., assignment under Section 38 of the Act.

Assignor is the policy owner who transfers the title of the policy and assignee is the person who derives the title to the policy from the assignor.

To assign the policy you can fill the Assignment form and submit to any of our branches along with the below requirements.

Original Policy contract/document

• Photograph of the proposes/new policy owner Not required in case of assignment to banks/Financial Institutions for loan. Note: In case of assignment to banks /Financial Institutions for loan the following documents are required;

Identity Proof

• Passport • PAN card • Voter's Identity card • Driving license • Letter from any recognised public authority or public servant verifying the identity and residence of the customer

Residence Proof (last 3 months)

• Telephone bill • Bank account statement • Electricity bill • Ration card • Letter from any recognized public authority.

Income Proof (only in case of the total annual premium contribution for all the policies attached to the assignee id is Rs. 1 Lakh or above. Policies where assignee is owner and payee or just payee need to be considered for this calculation).

Yes, you need to fill up the Deed of Relinquishment form along with the below mentioned requirement/s;

• Change in ownership form • Deed of relinquishment DOR should be notarized on a Rs.200 stamp paper • Death certificate • Photograph of the proposed policy owner • Proof of identity of the proposed policy owner • Proof of residence of the proposed policy owner • Proof of Income of the proposed owner.

Note: The income proof is required only in case of the total annual premium contribution for all the policies attached to the assignee id is Rs. 1 Lakh or above. Policies where assignee is owner and payee or just payee need to be considered for this calculation.

Remember to pay your premium in time i.e. on the due date mentioned in the policy document. Aditya Birla Sun Life Insurance sends renewal notice one month prior to your due date. However there may be postal delays / issues leading to non receipt / delay in receipt of renewal notice.

In case you have not paid the premium within the due date there is still time for you to make the payments without payment of interest on the premium. This period is called the grace period.

The grace period for policies where the premium payment mode is monthly is 15 days from the due date. (For plans issued from September 01, 2010)

The grace period for policies where the premium payment mode is quarterly, half-yearly or yearly is one month but not less than 30 days.

Online payment - Make an online payment on our website - www.lifeinsurance.adityabirlacapital.com.

ECS / Direct Debit – Make regular premium payment debit from your bank account by registering for ECS / Direct Debit. To download the form Click here.

Direct Debit from credit card – Enroll your credit card and avail the benefit of SIP. To download the form Click here.

Branch Office - You can pay your premiums at our branch by cheque or cash.

Bill Junction / Bill Desk – You can also authorize your premium payments online through Bill Desk / Bill Junction.

NEFT - NEFT is a secure way of making premium payment on the bank's website.

Activating the ECS facility is a one-time activity. The policyholder should fill up the Auto Debit Form and get it verified and certified by the Bank where the Bank Account is maintained. The Mandate form should be sent to the nearest ABSLI branch with an original cancelled cheque.

It takes 30 days for the first time.

• What does this service cost me? It costs nothing. This service is free of charge

• When will the premium amount get debited? Premium amount will get debited on the due date. If the due date falls on a holiday, the same will get debited a day or two after the date depending upon on the RBI cycle.

• Do I get the receipt for my auto premium payments? Yes. A Tax certificate detailing all the premiums received in the financial year will be sent to you in the last quarter of that financial year.

• Can I cancel this facility if once availed? Yes. You can cancel this facility at any time but we must receive the request / letter for cancellation two weeks prior to the due date.

A policy lapses when the policy holder fails to pay the premium even within the grace period. In this case, the policy loses all its benefits.

You may revive the policy depending upon when you approach us for revival of the policy

Less than 180 days of lapsation Amount as Per Reinstatement Quotation

Between 181 to 365 days of lapsation Amount as Per Reinstatement Quotation

Certificate of Insurability & Covid Questionnaire Duly filled and signed

Note: Further requirements can be called

Between 366 to 730 days of lapsation Amount as Per Reinstatement Quotation

Certificate of Insurability & Covid Questionnaire Duly filled and signed

Medicals depending upon the Sum at Risk

Note: Rs. 100/- per revival is charges and reserve the rights to increase this charge at any time in the future, subject to a maximum of Rs. 1000/- per revival.

The feature of Change in frequency is allowed and varies from product to product. For more details on the applicability for your policy, you are requested to refer to your policy contract.

The requirements for Change in frequency are as under:

Update the new frequency on our website using your Username and Password.

Policy service request form duly signed by the policy owner.

Call on the call center to take the request for change of frequency.

Note: If mode of the policy needs to be changed to Monthly, then the method should be ECS, Direct Debit or Credit Card.

Yes you may increase the sum assured (plan specific) by submitting following things A Letter written and signed by the Policy owner. Fresh Application copy Premium amount All medical and other applicable underwriting requirements.

Yes you may decrease the sum assured (plan specific) by submitting following things

A Letter written and signed by the Policy owner.

Original policy document.

Note: The reduction in sum assured will be effective the next policy monthiversary date coinciding with or immediately following the date of receipt of the above requirements. Eg: In case policy issue date is 24/01/2009, then 24th of every month is referred to as monthiversary.

Yes you may add any rider (plan specific) by submitting following things

• A Letter written and signed by the Policy owner. • Illustration • Rider Premium • Certificate of insurability

Note

• Rider can be added only after completion of the first Policy year. • Rider cannot be added if life insured is minor • Riders are not allowed for NRI customers • Addition of rider is subject to Underwriting decision

Payouts refer to Availing loan on your policy, Partial withdrawal from your policy or Surrender/Closure of your policy.

You may take a loan against your policy once it has acquired a surrender value. Please refer to your Policy document for details minimum and maximum loan. We shall charge interest on the outstanding loan balance at a rate declared by us from time to time based on then prevailing market conditions.

Partial withdrawal of a policy implies withdrawal of only a part of the funds of your policy. The applicable norms for partial withdrawal may differ for every product. Please refer policy document for details.

When the policy term is complete, you can avail the maturity benefits.

For Non Pension Policies you can also transfer your maturity proceeds towards the initial premium of a new policy.

For Pension Policies you can also transfer 1/3rd of your vesting benefit amount towards the initial premium of a new policy.

You may submit a Payout form(for Loan, Withdrawal and Maturity) or Policy Cancellation form (for Surrender) for availing payouts.

Please ensure that below requirements are met for availing payouts;

• Duly filled Payout/Cancellation form. • Original policy document (except in case of Withdrawal). • KYC (In case of any change in address). • Self attested valid photo ID proof signed by authorized ABSLI personnel. • Original cancelled cheque with pre-printed name and account number or • Bank passbook/statement with pre-printed name and account number duly attested by authorized ABSLI personnel.

Note - 1: In case the payout request is submitted by any person other than the policy owner, the photo id proof of that person is also required.

Note - 2: Direct transfer/ RTGS not available for NRE accounts. If the customer needs to deposit the cheque into his NRE account then he should provide a letter from the bank / copy of bank statement to prove that the payment towards premiums have been done through a NRE account to enable us to issue a repatriation letter.

A switch will enable you to shift the existing units of your unit-linked policy into a new fund and will not change your future premium allocation. A premium redirection will enable you to change your allocation for all the future premiums of your policy. However, your existing units will not be shifted into a new fund.

To switch or redirect or both you may;

Update the fund details on our website using your Username and Password.

Switch form duly signed by the policy owner.

Call on the call centre to take the request for change of fund details.

The Net Asset Value (NAV) is applicable at the time of valuation/purchase. It is calculated as the value on the day you make a transaction request (provided it is a working day).

Top Up premium is the additional amount/s paid by you within a policy year over and above the annual policy premium. The Top Up premium can be paid along with the Top Up at any of our branches.

Please refer to your Policy document for details on charges/minimum and maximum amount of Top Ups.

Top up premium shall have a lock in period of three years (for plans issued prior September 01, 2010) and five years (for plans issued on or after September 01, 2010) from the date of payment of that top up premium.

Top ups are not allowed during the last three years (for plans issued prior September 01, 2010) and five years (for plans issued on or after September 01, 2010) of the policy contract.

The following are the broad benefits of holding Insurance Policies in electronic form:

a) Safety: There is no risk of loss or damage of a policy as is common with paper policies; the electronic form ensures that the policies are in safe custody and can be easily accessed whenever and wherever needed. A copy of the policy can be downloaded at any time by accessing the e-Insurance account.

b) Convenience: All insurance policies, be it life, pension, health or general, can be electronically held under a single e-Insurance account. This means all details of all policies are available in a single account (place). The details of any of the policies can be accessed at any time by logging on to the online portal of Insurance Repository.

c) Single Point of Service: Service requests in respect of e-Insurance account or any of the electronic policy can be submitted at any of Insurance Repository's service points. A single request can sometimes cater to the requirements of several Insurers. As an illustration, a single change of address request made to the Insurance Repository can update the policies issued by multiple Insurers. There would be no need to go to several offices of individual Insurers for service.

d) Less Paper work and savings in time: An e-Insurance account holder is freed from the trouble of submitting KYC details each time a new policy is taken. Further, any changes in personal details like address or contact number can be effected through a single request thus saving on paper and time.

e) Statement of Account: At least once every year, the Insurance repository would send a statement of account to the e–Insurance account holder with the details of the policies of the account holder.

f) Payment Options: Premium for all the policies can be paid online and several service requests can be logged from the e-Insurance account.

g) Increased number of service touch points: Since, the Insurance repositories function in addition to the Insurers, the policyholders will have increased number of touch points for having their servicing needs attended.

h) Easy payout transfers: Policy benefits would be paid through electronic facility to the registered bank account, thus ensuring speedier and convenient settlement.

i) Single view: Single view of all policies will be made available to an authorized person in case of death of the e-Insurance account holder.

Customer can opt-in for whatsApp Notification by following 3 option mentioned below.

1. Miss call (By giving miss call on 7676690033 for opt in from registered mobile number)*

2. SMS (Sending an SMS with “OPTIN” to 567679 from registered mobile number)*

3. Customer Portal (By logging in to the portal through OneABC ID)*

Yes GST is applicable on Insurance Premium.

Different types of life insurance products will attract different taxable rates.

Intra-state means where buyer/service provider and seller/service recipient are located within same State.

Inter-state means where buyer/ service provider or seller/ service recipient are located in different States

On intra-State supply of goods or services a Central GST (CGST) plus a State GST (SGST) would be levied proportionately. In case of Union territories Central GST (CGST) plus a Union Territory GST (UTGST) would be levied proportionately.

For inter-state supply of goods and services and Integrated GST (IGST) will be levied by the Central Government