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ABSLI DigiShield Plan

A non-linked non–participating term insurance plan

Life can take sudden turns, faster than you can think. Your family should be ready to deal with such unforeseen situations. With the new Aditya Birla Sun Life Insurance DigiShield Plan, choose to shield them with greater certainty, depending on their future needs. You can customise the plan as per your requirements at every stage of life at an affordable cost.


Key features of the plan

  • Complete financial protection at an affordable cost
  • Two plan options to suit your protection needs
  • Option to enhance coverage at key milestones of your life
  • Option to cover your spouse under the same policy
  • Inbuilt Terminal Illness Benefit
  • Multiple options to receive death benefit to meet your needs
  • Flexible premium paying terms
  • Enhance your insurance with appropriate rider options
 

In case of unfortunate demise of the life insured during the policy term, Death Benefit will be paid to the nominee. Death Benefit is the Sum Assured on death less any previously paid Terminal Illness Benefit.

The policy shall be terminated once the Death Benefit is paid.

The Minimum Guaranteed Sum Assured on maturity is nil under this plan.

The absolute amount assured to be paid on death is the Effective Sum Assured as on the date of death.

  • Under Level Term Assurance Option, the Effective Sum Assured is the Sum Assured at
  • Under Increasing Term Assurance Option, the Effective Sum Assured will increase on every policy anniversary. The amount by which the Effective Sum Assured will increase on every policy anniversary is the Sum Assured at inception multiplied by 5% or 10% p.a. (simple), as chosen by you at inception

For Level Term Assurance Option, the Effective Sum Assured shall include any change in Sum Assured arising from the exercise of the Enhanced Life Stage Protection Option.

Terminal Illness Benefit shall only be payable on the first diagnosis of any Terminal Illness of the Life Insured during the policy term.

Please refer to the brochure for details regarding the above benefits.

Under this option, two lives i.e., you (primary life insured) and your spouse (secondary life insured) are covered under the same policy.

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 opt for this option at the inception of the policy and the same shall not be changed subsequently. No rider can be opted under this option.

Your protection need varies at different life stages owing to occurrence of joyous events such as marriage & birth of children. You may opt to increase your life cover on occurrence of each of the events without undergoing for any fresh medical examination. This feature is available only for policy under Level Term Assurance Option, 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 while exercising this option. This option is not available if Joint Life Protection is opted. 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.

Please refer to the brochure for details regarding the above benefits.

There is no maturity benefit payable under this plan.

Please refer to the brochure for details regarding the above benefits.

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

Riders are not available for Joint Life Protection Option.

Please refer to detailed brochures on riders, consult your Financial Advisor or visit our website for further details.

For more details on the benefits, please read the product brochure.

Entry Age 18 to 65 years of age
Maximum Maturity Age 85 years
Plan Option I - Level Term Assurance
II - Increasing Term Assurance
Policy Term 5 to 50 years
Premium Paying Term Level Term Assurance - Single Pay | Limited Pay - 5 | 7 |10 | 15 | 20 | 25 | 30 | To Age 60 | Regular Pay Increasing Term Assurance – Single Pay | Limited Pay – 5 | 7 years | Regular Pay
Premium Mode Annual | Semi-annual | Quarterly | Monthly
Sum Assured Min. Rs.30,00,000
Max. No Limit (subject to underwriting guidelines)


Please click here to Download product brochure
Please click here to download policy contract
Disclaimer

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked non-participating 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 sub-standard lives. For more details on risk factors, terms and conditions, please refer to the sales brochure before concluding the sale. Tax benefits are subject to changes in the tax laws. For more details and clarification, call your ABSLI Insurance Advisor or visit our website. Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance Company Limited) Reg. Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841 Senapati Bapat Marg, Elphinstone Road, Mumbai-400013. IRDAI Reg No.109 CIN: U99999MH2000PLC128110 ADV/2/18-19/4379 VER1/FEB/2019

UIN: 109N108V03