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Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited
ABSLI Super Term Plan
Buy online and get additional 6% discount on all premiums
3 Plan options
Special premium discounts for salaried customers and women
Give ₹ 517/ month
Get ₹1 Crore1 Term Insurance.
Why Buy ABSLI Super Term Plan?
Choose from 3 plan options:
Level Cover | Increasing Cover | Level Cover with Return of Premium
Enhanced protection for Death, Terminal Illness, Critical Illness, and Disability
Flexible Death Benefit payouts: Lumpsum, Monthly Income, or both
Special premium discounts for salaried customers and Female Lives
Option to defer premiums by up to 12 months with Cover Continuance Benefit
Healthy living with inbuilt Health Management Services
Early Exit Value – get 100% premiums back (conditions apply)
Benefits of ABSLI Super Term Plan
Death Benefit
In case of death of the Life Insured during the Policy Term, Death Benefit will be paid to the Nominee...
Terminal Illness Benefit
In the event of the Life Insured, aged up to 80 years, being diagnosed with a Terminal Illness...
Plan Options
Option 1: Level Cover
Option 1
Under this option, on death of the Life Insured, anytime during the Policy Term, the Nominee(s)/legal...
Option 2: Increasing Cover
Option 2
Under this option, on death of the Life Insured, anytime during the Policy Term, the Nominee(s)/legal...
Enhance ABSLI Super Term Plan with Riders
Enhance your cover with Riders at nominal additional premium.
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.
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.
Check Your Eligibility
| Coverage | All Individuals (Male | Female | Transgender) | ||||||||||||||
| Age at Entry | Minimum / Maximum | 18 Years / 65 Years | |||||||||||||
| Age at Maturity | Minimum / Maximum | 28 Years / 85 Years | |||||||||||||
| 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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Any reference to age above is as on last birthday.
How ABSLI Super Term Plan Works?
Use Case 1
Use Case 2
Use Case 3
Use Case 4
Mr. Sharma, 35 years old, who opts for ABSLI Super Term Plan with Level Cover till age 85 for a Sum Assured of Rs. 1,00,00,000.
He chooses a Policy Term and Premium Payment Term of 50 years along with death benefit payout option as Lumpsum.
Unfortunately, he dies in the 35th Policy year. His Nominee gets a lumpsum death benefit of Rs. 1,00,00,000 and the Policy terminates.
What's Not Covered Under ABSLI Super Term Plan?
Suicide
In case of death of Life Insured due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the amount described in the Death Benefit provision will not be payable. In such circumstances, ABSLI shall refund the premiums paid since date of inception of policy till the date of death or ABSLI shall pay the Surrender Value (for Plan Option 3) or Unexpired Risk Premium Value (for Plan Options 1 & 2) available as on the date of death, whichever is higher to the nominee or beneficiary of the policyholder, provided the policy is in force.
For this purpose, premiums considered will be exclusive of applicable taxes as the same are collected over and above the premiums as per prevailing tax rules.
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.
Frequently Asked Questions
Absolutely! With the choice of lump sum, monthly income, or a mix, your family’s financial comfort is truly in your hands. You can even allow your nominee to switch to a lump sum from monthly payouts during the claim process.
Don’t worry, Cover Continuance Benefit lets you pause your premiums for up to 12 months, up to three times during your policy (with a gap of 5 years each time). Your cover continues without any break.
Yes, you may be eligible for tax deductions on premiums paid under Section 80C and tax-free claim payouts under Section 10(10D)**, as per the Income Tax Act. Please consult your tax advisor for personalised advice.
Yes, you can buy the ABSLI Super Term Plan online for instant quotes and hassle-free application, or speak to an ABSLI Insurance Advisor if you prefer a personal touch.
Yes, with Enhanced Life Stage Protection, you can increase your sum assured after marriage, childbirth, or buying your first home, no new medical needed.
ABSLI Super Term Plan covers 42 critical illnesses, including cancer, heart attack, stroke, kidney failure, and many others (refer to the policy brochure for the full list).
If you wish to exit your policy after age 60 and before age 70, ‘Early Exit Value’ of total premiums paid (as per policy terms) is available. This is available on select plan options and subject to conditions.
You can change your payment tenure, but your chosen frequency (annual, quarterly, monthly, etc.) remains fixed once you start. Plan wisely at the beginning!
You can surrender your policy after it acquires a surrender value. If you miss premiums, you can revive your policy within 5 years by paying arrears and interest, as per ABSLI guidelines.
Contact us on our toll-free number, chat with us on our website, or speak to your nearest ABSLI advisor. We’re always happy to help!
*Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details
**Sec 10(10D) benefit is available subject to fulfilment of conditions specified therein
¹LI Age 21, Male, Non Smoker, Option 1: Level Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Premium paying term: 10 years, Death Benefit Payout as Lumpsum. Annual Premium: ₹ 6204/- ( which is ₹ 517/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
#Provided all due premiums are paid.
ABSLI Super Term Plan - 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. UIN: 109N153V01
For further details regarding the above-mentioned rider, please refer to the respective rider brochure(s) available on our website.
Upon Policyholder’s selection of Plan Option 3 (Level Cover with Return of Premium) 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. The webpage 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
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