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Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited
ABSLI Salaried Term Plan
Buy online and get additional 4% discount on all premiums
9% Salaried employee discount for Women on premium paid for the 1st year
7% Salaried employee discount for Men on premium paid for the 1st year
Buy ₹1 Crore Term Insurance at Just ₹508/month*
What Is ABSLI Salaried Term Plan?
Key Features
Diverse array of 4 Plan Options to match your varied protection requirements.
Life insurance coverage spanning upto Age 70, offering holistic financial security
Versatile options for Death Benefit payouts to choose for: Lump-Sum or Monthly Income
Additional Protection With Inbuilt Terminal Illness Benefit
Accelerated payout in case life insured is diagnosed with any of the 42 specified critical illnesses by choosing Accelerated Critical Illness Benefit.
Benefits Of ABSLI Salaried Term Plan
A flexible term plan to suit your protection needs
Death Benefit
In case of unfortunate demise of the Life Insured during the Policy Term, Death Benefit will be paid to the Nominee(s)/legal...
Terminal Illness Benefit
In case you are diagnosed with a Terminal Illness during the Policy Term, up to an age of 70 years, provided the Policy is in-force, 50%...
Plan Options
You shall choose one Plan Option at the inception of the Policy. The option once selected cannot be changed at a later date. Premium payable will vary depending upon the Option chosen.
Life Cover
Option 1
Under this option, In the unfortunate event of the death of the Life Insured, anytime during the Policy Term, the Nominee(s)/legal...
Life Cover with ROP
Option 2
Under this option, In the unfortunate event of the death of the Life Insured, anytime during the Policy Term, the Nominee(s)/legal..
Term Plan With Riders Offer Added Protection
You can enhance your insurance coverage during the Policy Term by adding following riders for a nominal extra cost. You can only opt for either ABSLI Accidental Death and Disability Rider or ABSLI Accidental Death Benefit Rider Plus. Please refer to detailed brochures on riders, consult your financial advisor or visit our website for further details.
ABSLI Accidental Death and Disability Rider
(UIN: 109B018V03)
provides 100% of Rider Sum Assured as an additional lump sum amount in case of death due to accident of Life Insured or in the event of disability due to accident.
Download Brochure
ABSLI Critical Illness Rider
(UIN: 109B019V03)
provides lump sum on survival of 30 days from the date of diagnosis of any of the specified critical illnesses.
How Does This Plan work?
Use Case 1
Use Case 2
Mr. Sharma a non-smoker, aged 35 years, opts for ABSLI Salaried Term Plan – Life Cover (option 1) for sum assured of ₹1 Cr
He chose policy term of 30 years and premium payment term of 30 years
He dies during the 25th Policy year.
In this scenario, his Nominee is paid a lump-sum equal to Rs. 1 crore and the Policy terminates.
Term Plan Exclusively For Salaried Individuals
Get Life Cover Upto 70 Years
Check Your Eligibility
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Type of Plan |
A Non-Linked Non-Participating Life Individual Pure Risk Premium Plan | |||||||||||
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Coverage |
All Individuals (Male | Female | Transgender) | |||||||||||
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Age of the Life Insured at Entry (age as on last birthday) |
Minimum |
21 Years. | ||||||||||
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Maximum |
55 years | |||||||||||
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Maturity Age of the Life Insured (age as on last birthday) |
Minimum |
31 years | ||||||||||
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Maximum |
70 Years | |||||||||||
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Premium Payment Term (PPT) & Policy Term (PT) |
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Premium Payment Modes and Modal Factors |
Annual | Semi-Annual | Quarterly | Monthly
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Sum Assured |
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Discount |
Annual income of Rs. 5,00,000 or above. This discount will apply to the first-year premium only
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How to choose your Plan? |
ABSLI Salaried Term Plan provides you the flexibility to customize Your Death Benefit basis your needs and requirements.
Step 1: Choose Your Death Benefit Option
Step 2: Choose the Income Benefit Period (For Variant 3 and 4 )
Step 3: Choose the Income Escalation Rate (For Variant 4 only)
Benefit options, Sum Assured, Policy Term, Premium Payment Term and mode of premium payment chosen at inception cannot be changed thereafter. Premium will vary depending upon the Option chosen at inception.
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What's Not Covered Under ABSLI Salaried Term Plan?
Suicide Exclusion
In case the Life Insured, dies due to suicide within 12 months from the Risk Commencement Date or date of revival of the Policy, the Policy shall immediately terminate, and Company shall pay the following to the Nominee: Where the Policy has acquired the surrender value/ unexpired risk premium value, higher of Surrender value/ unexpired risk premium value or (Total Premiums Paid plus underwriting extra premiums paid plus loadings for modal premiums paid excluding applicable taxes) till date of death. (For Plan Option 2) Where the Policy hasn’t acquired the Surrender value/ unexpired risk premium value, Total Premiums Paid plus underwriting extra premiums paid plus loadings for modal premiums paid excluding applicable taxes till date of death. (For Plan Option3, and 4)
Terminal Illness Benefit Exclusion
The Life Insured will not be entitled to any Terminal Illness benefit if it is caused directly or indirectly due to or occasioned, accelerated or aggravated by intentional self-inflicted injury or attempted suicide, whether medically sane or insane.
How To Initiate Claim?
3 quick steps, everything online.
1
Fill basic details
2
Claim intimation
3
Document submission
This Policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI).** This is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life 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 substandard lives, smokers or people having hazardous occupations etc. This brochure contains only the salient features of the plan. For further details please refer to the Policy contract. This product shall also be available for sales through online channel. Tax benefits are subject to changes in the tax laws. For more details and clarification call your ABSLI Insurance Advisor or visit our website and see how we can help in making your dreams come true. Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
*LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Annual Premium: ₹ 6100/- ( which is ₹ 508.33/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
#Provided all due premiums are paid
(UIN:109N141V02)
ADV/10/24-25/1990