Aditya Birla Sun Life Insurance Company Limited

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 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 inception. It will remain constant throughout the policy term
  • 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(1)
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(2) | 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)

(1) Maximum Age at Ent for Limited Pay – ‘To Age 60’ option is 55 years.
(2) The minimum policy term for Limited Pay – ‘To Age 60’ option is 10 years.


Rahul is 35 years old and pays annual premium of Rs.8,615 (excl. GST) with policy term of 20 years and premium paying term of 20 years with a Sum Assured of Rs.1 crore and SA option as Level Term Assurance.

Related Articles

Choosing term insurance the right way

It's true what they say about life changing in a second, where one is happy and settled one... Read more

How do term insurance plans help my family?

Money is important to us at every stage of life. It is idyllic to say 'Money cannot buy happiness'... Read more

The most important article that a 25-year-old must read

People in their 20s have the best time of their lives. They are young, healthy, have a good income and relatively few responsibilities...Read more

How is term insurance different from life insurance?

In today's world, almost every responsible family-oriented person wishes to protect his family from the vagaries of fate...Read more

How much should be the adequate budget to be allotted for term insurance?

There is no arguing with the fact that life insurance is the backbone during uncertain times...Read more

What are the key things to look for in a term life insurance policy?

If you are new to the world of life insurance, and are looking for a policy that covers you for...Read more

Benefits of a Term Plan @ Aditya Birla Sun Life Insurance Articles

Term plan is the most recommended pure protection insurance plan which secures the financial future of your family at a low cost... Read more

Insurance is a Pure Must Have Plan for Parents @ Aditya Birla Capital

If your children and others are financially dependent upon you, there really is no alternative to buying a tern insurance plan... Read more

Reasons to Buy Term Plan@ Aditya Birla Sun Life Insurance

Term plan is the most recommended Life Insurance Plan for an individual. Term Plans are the most basic form of life insurance plans...Read more

Is term insurance an investment or expense?

Term life insurance , by definition, offers coverage for a fixed term, and charges a small amount as premium...Read more

Term Insurance and the Common Facts One Should Know @ Aditya Birla Sun Life Insurance

Term Insurance plans are pure protection plans designed to protect your family's financial future arising out of an unforeseen...Read more

What is term insurance?

Term insurance, or temporary insurance as it is also known, provides coverage for a specific term. In case of any...Read more

When Is the Best Age to Buy a Term Insurance Plan?

A term plan is indeed one of the most useful forms of life insurance. It is inexpensive...Read more

Why Term Plan is Must besides Having Healthy Portfolio @ Aditya Birla Capital

We often get involved in building an investment portfolio for a variety of reasons...Read more

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/11/19-20/1187 VER/NOV/2019

UIN: 109N108V04

Toll free (Within India):

1800 270 7000

Outside India: :

+91 22 66917777

(Call charges apply)

Between 9 am to 9 pm, All 7 Days

Send an Advisor

Mail on:

care.lifeinsurance@adityabirlacapital.com

Get to a branch closest to you

Connect with us on Whatsapp:


Step 1. Register

Register by giving a missed call on 7676690033 or SMS OPTIN on 567679 from your registered mobile number


Step 2. Begin Chatting

Save the number 8828800040 as ABSLI contact and say 'Hi' to us on WhatsApp

Types of Life Insurance Plans

Health

Health Plans

saving

Saving with Protection