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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 10% Discount on First-Year Premium for Salaried Customers and Women.
100% return of premium
Health Management Services
Worth ₹46000
Give ₹ 465/ month and Get ₹1 Crore1 Term Insurance for Salaried Individuals.
Why Buy ABSLI Super Term Plan Today?
Key Features
Choose from 3 plan options:
Level Cover | Increasing Cover | Level Cover with Return of Premium
Special 10% Discount on First-Year Premium for Salaried Customers and Female Lives.
Option to defer premiums by up to 12 months with Cover Continuance Benefit
Health Management Services Worth
₹ 46000
100% return of premium
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...
Super Term 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...
Riders Available With ABSLI Super Term Plan
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.
Eligibility Criteria of Super Term Plan
| Coverage | All Individuals (Male | Female | Transgender) | ||||||||||||||
| Age at Entry | Minimum / Maximum | Option 1 & 2: 18 Years / 65 Years; Option 3: 18 Years / 55 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.
Claim Process for ABSLI Super Term Plan
3 quick steps, everything online.
1
Fill basic details
2
Claim intimation
3
Document submission
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.
The endorsement of ABSLI Super Term Plan by the celebrity is intended solely for promotional purposes. The views expressed by the celebrity do not constitute financial, legal, or insurance advice. The endorsement does not imply any guarantee or assurance about the performance or suitability of the insurance product. Customers are encouraged to carefully review all policy documents and consult with a licensed insurance advisor or financial professional before making any insurance purchase decision. The terms and conditions of the policy shall prevail over any promotional content.
*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, Salaried, 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: ₹ 5584/- ( which is ₹ 465/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
2Provided 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: 109N153V02)
For further details regarding the above-mentioned rider, please refer to the respective rider prospectus(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 guaranteed² 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
