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Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited
About the Plan
Key Features
No Medicals : The plan is processed quickly without the need for medical exams, making it easy for individuals to enroll.
Low Premiums : The premium amount varies depending on the month of enrollment and is deducted automatically from the member's bank account through the 'auto-debit' facility.
Benefit
Death Benefit
In the event of unfortunate death of the member, a fixed Sum Assured of Rs. 2,00,000 shall be paid to the nominee. Upon the payment of the Death Benefit, the Policy terminates, and no further benefits will be paid.
Eligibility
|
Sum Assured |
Rs. 2,00,000/- on the event of death due to any reason. (30-day lien clause is applicable on new entrant and on re-joining the scheme except in case of accidental event). |
|
Minimum Age at Entry |
18 years (age last birthday) |
|
Maximum Age at Entry |
50 years (age nearest birthday) |
|
Maximum Age at Maturity |
55 years (age nearest birthday) |
|
Policy Term |
One Year Renewable |
|
Policy Year: |
1st June to 31st May, renewable in June every year. |
A subscriber can enroll for cover only from an individual bank /Post Office account. Option to join / pay by auto-debit from the designated individual bank / Post office account on the prescribed forms will be required to be given by 31st May of every year. Delayed enrolment for prospective cover is possible with payment of pro-rata premium.
This simple and affordable term plan aims to protect the insured’s family, providing them with financial support in case of an unforeseen event. The process is easy to join, with a minimal premium and no medical requirements.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked, non-participating group term insurance plan. ABSLI reserves the right to recover levies such as the Goods and Service Tax levied by the authorities on insurance transactions. If there are any additional levies, they too will be recovered from you. This prospectus contains only the salient features of the plan. For further details please refer to the policy contract. Tax benefits are subject to changes in the tax laws.
UIN: 109G099V02
ADV/1/24-25/2607
