PARAKRAM – Life Insurance Solutions for Indian Defence and Armed Forces Personnel

Our Armed Forces, CAPF & police are our nation’s pride. While our soldiers continue to serve and protect our nation’s freedom, we at Aditya Birla Sun Life Insurance strive to serve them and their families in our capacity as India’s preferred Life Insurance solutions provider. Our resolve and commitment to this cause is further exemplified through the launch of PARAKRAM, an initiative dedicated towards the protection of those who protect us.

Our financial solutions are tailored to address the special needs of the uniformed fraternity and their loved ones with a unique service delivery experience, which is further enhanced by alignment of our standard operating procedures with the defence way of life, to make the whole process hassle-free for our protectors. With our offerings we wish to make a holistic difference in the lives of our uniformed guardians and to their loved ones.

Our unique proposition includes:-

  • Parakram Insurance cover in war like situations & hostilities.
  • Parakram Using defence medical reports for offering higher non-medical limits for defence personnel in service, basis latest AME (Annual Medical Examination) & PME (Periodic Medical Examination) reports. SHAPE classification built in as a part of the medical underwriting.
  • Parakram Personalized sales & after sales service by dedicated and trained sales team mainly consisting of ESM’s and their kith & Kin.
  • Parakram Ease in renewal payment through Electronic Clearance Service (ECS) / National Automated Clearing House (NACH), Direct Debit, Branch Network, and Net Banking.
  • Parakram Waiver of Death Certificate in case of untimely demise in field location. Claims are processed based on the DO letter from Commanding Officer(CO)/Officer In Charge(OIC).
Choose a plan relevant to your needs
ABSLI Assured Income Plus
ABSLI Assured Income Plus
Short term investment with long term guaranteed¹ returns.
ABSLI Assured Income Plus
Income Benefits
ABSLI Assured Income Plus
Loyalty Additions
ABSLI Assured Income Plus
Long-term regular income
ABSLI Assured Income Plus
RoP option
Guaranteed¹ Benefits:
₹47.16 lakhs
Give in 12 yrs:
₹1.20 lakhs/yr2
ABSLI Assured Savings Plan
ABSLI Assured Savings Plan
Life insurance cover with guaranteed¹ benefits
ABSLI Assured Savings Plan Benefit
Loyalty Additions
ABSLI Assured Savings Plan Benefit
Guaranteed¹ returns
ABSLI Assured Savings Plan Benefit
Life cover
ABSLI Assured Savings Plan Benefit
Cover spouse in same policy
Get:
₹40 lakhs3
Give for 10 years:
₹10,000/month
ABSLI Wealth Aspire Plan
ABSLI Wealth Aspire Plan
Achieve your financial goals
ABSLI Wealth Aspire Plan
2 plan and 4 investment option
ABSLI Wealth Aspire Plan
Partial Withdrawals flexibility
ABSLI Wealth Aspire Plan
Guaranteed¹ additions
ABSLI Wealth Aspire Plan
Add Top-ups
You may Get:
₹3,01,6324
Give:
₹40,000 for 5 years
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Why Choose Aditya Birla Sun Life Insurance for Defence?

  • Parakram All type of causalities covered including "War & War like situations".
  • Parakram Higher non-medical limits basis latest AME (Annual Medical Examination) & PME (Periodic Medical Examination) reports. SHAPE classification built-in as a part of the medical underwriting.
  • Parakram Defence personnel serviced and assisted by a team mainly consisting of ex-servicemen & wards of defence personnel.
  • Parakram Ease in renewal payment through Electronic Clearance Service (ECS) / National Automated Clearing House (NACH), Direct Debit, Branch Network and Net Banking.
  • Parakram Simplified & Quick Claims Process.
  • Parakram 21 years of excellence in the Life Insurance industry.
  • Parakram 18,00,000+ customers protected.
Parakram
Reach out to our PARAKRAM expert at ABSLI.PARAKRAM@adityabirlacapital.com

About Aditya Birla Sun Life Insurance

We are among leading life insurers with a legacy to deliver promise and great customer experience. We are a joint venture between Aditya Birla Group and Sun Life Insurance. Our wide range of affordable life insurance products for groups and individuals ensures life and financial protection, retirement, savings and investment, traditional term plan, health and more.

  • iconbullet 363 offices assist in buying life insurance
  • iconbullet 3-steps online claim process
  • iconbullet 79k+ direct selling agents to guide
  • iconbullet Simple online purchase process

Death Claim Track Record for FY 21-22

Average Settlement TAT post receiving all claim documents / requirements (in working days)*

Claims Settlement Ratio for Individual Business
98.08%
Claims Settlement Ratio for Individual Business
Average settlement TAT for Individual Business
5.7 Days
Average settlement TAT for Individual Business
  • Disclaimer

    1 Provided all due premiums are paid.
    2 Scenario: Healthy male age 21 years, premium paying term 12 years, policy term 13 years, benefit payout period 20 years, payment frequency monthly, Assured Benefit Option: Income Only Benefit with Return of Premium, Sum Assured Rs.16.12 lakhs, Premium Rs.9999/- excluding GST), you get Rs.47.16 lakhs by age 54
    3 Scenario: Male, Age: 35 years, Premium Paying Term: 10 years, Policy Term: 26 years, Premium: Rs. 10,000 (premium paid is exclusive of taxes), Guaranteed Maturity benefit: Rs. 40,08,453.
    4 Basic annual premium: ₹40,000. Sum assured: ₹4,00,000, Premium Payment Term 5 years, Policy Term 10 years, Returns ₹301,632/- Refer to policy brochure for more details.
    * As per annual audited figures submitted to IRDAI for the period FY 21-22.
    ABSLI Assured Savings Plan is a non-participating traditional insurance plan (UIN: 109N134V04)
    ABSLI Assured Income Plus is a non-linked non-participating individual life insurance savings plan (UIN: 109N127V05 )
    ABSLI Wealth Aspire Plan is a non-participating unit linked life insurance plan. (UIN:109L100V05)
    ADV/7/22-23/629