Aditya Birla Sun Life Term Insurance FAQs

To track your Aditya Birla Sun Life term insurance plan status, simply visit the official website of the insurance company and go to the policy tracker page. Afterwards, enter your policy number, contact info, date of birth, and then click on ‘submit’.

The premium paid towards your Aditya Birla Sun Life term insurance plan is calculated based upon various factors such as gender, age, occupation, lifestyle habits, etc. Moreover, it is advisable to buy term plans at an early age as the premium amount increases with age.

You should consider purchasing your term insurance plan online because it is not only a cost-effective and smarter way to purchase insurance but it also saves your precious time as well as hard-earned money.

You can make a premium payment for Aditya Birla Sun Life term insurance plan by going to the official website of the insurance company and then selecting ‘Pay Premium’ displayed at the top of the webpage. Then, you need to enter your policy number and birth date. Click on ‘Next’ to move ahead and then you can choose the payment option from the available options i.e net banking, credit card, debit card, etc.

The claim settlement ratio of Aditya Birla Sun Life insurance was 97.54% for the financial year 2019-2020.

A claim is rejected if in case there has been a material suppression of information or facts pertaining to the proposal form, which would have impacted the policy issuing decision if disclosed at the proposal stage. Claim repudiation may also happen in case the documents submitted at the claims stage are not genuine.

You can call upon the toll-free number 1800 270 7000 or send an email to claims.lifeinsurance@adityabirlacapital.com or can visit the nearest Aditya Birla Sun life Insurance branch for any help or to know the status of the claim.

The IRDAI guidelines state that a claim will have to be paid within 30 days from the date of receipt of all the required claim documents. In case the claim warrants a further investigation, then the insurer has to complete the investigation no later than 120 days from the time of making the claim.

Tax deduction under Section 80C and Section 10(10D) is available under Aditya Birla Sun Life Term insurance plans. Tax deductions and exemptions are subject to change from time to time.

According to the Insurance Regulatory Authority of India (IRDAI) regulations, a grace period of 30 days is allowed from the premium due date under the Aditya Birla Sun Life Term plans.

The best time to buy an Aditya Birla Sun Life term insurance plan when you’re young and in relatively good health. This will help you to get your premium at an affordable rate.

Aditya Birla Sun Life insurance has a claim settlement ratio of 97.54% for the financial year 2019-20.

When the policy expires, and the life assured is alive then no death benefits are paid but if she/he dies then the cover is paid to the beneficiary/nominee.

The premium amount of your term plan is decided as per one's age, cover amount, and lifestyle. It varies from person to person and can be paid at his/her convenience.

Yes, natural and accidental deaths are covered under Aditya Birla Sun Life term plan.

The customer care helpline number of Aditya Birla Sun Life is 1800 270 7000.

It is an optional benefit, wherein two lives can be given coverage on the basis of joint life as the primary and secondary life insured under the same insurance plan. It is available under ABSLI DigiShield Plan.

Yes, the term insurance plans offer tax deduction on the premium paid against the insurance plan according to section 80 C of the Income Tax Act, 1961. The income tax deductions that can be claimed by the policyholder against payment of premium is up to Rs 1.5 Lakh maximum.

Yes, you can easily purchase term insurance plans from the official website of Aditya Birla Sun Life Insurance Company Limited, within just a few minutes. The online buying process is not just time saving but also cost-effective.

You are eligible to purchase a term insurance plan if your age is anywhere between 18 years to 65 years. It is advisable to buy a term plan early as with the increase in age, the premium payable towards the insurance plan also increases.

Your Aditya Birla Sun Life Term Insurance premium is based on your gender, age, occupation, pre-existing disease, and cover-up to which age.

Aditya Birla Sun Life offers multiple riders options such as Accidental Death and Disability Rider, Critical Illness Rider, Surgical Care Rider, Hospital Care Rider, Waiver of Premium, and Accidental Death Benefit Rider Plus.

If you add riders to your Aditya Birla Sun Life Term Insurance coverage, the premium calculated would increase because each Rider provides an additional benefit which comes with an additional cost for the additional coverage benefit that it provides. Thus, by adding each rider, the premium goes up.

A term insurance premium calculator aids you to determine whether the desired coverage will suffice the future needs of your family. The calculator does so by assessing different variables, such as the chosen life cover amount, age, gender, etc. Thus you can select a term plan coverage that is large enough to financially secure your family's requirements, while the premium payable comes under your budget.