Aditya Birla Sun Life Term Insurance Plans

Aditya Birla Sun Life term insurance plans are known to be the most cost-efficient form of life insurance that provides a significant life cover at an affordable premium amount to the policyholder for a specific time period selected by them. With a term insurance plan, a nominee is entitled to receive a complete sum assured if the policyholder dies during the policy duration. These term insurance plans are comprehensive in nature and are specifically designed to meet different requirements of the customers especially financial security. The insurance company offers 3 different types of term insurance plans that offer financial protection to the policyholder’s family members if any unforeseen event happens with them.

Aditya Birla Sun Life Term Plans

The insurance company offers 3 term insurance plans, which are explained below:

1. ABSLI Life Shield Term Insurance Plan: This term insurance plan by Aditya Birla offers the policyholder the flexibility to select from 8 different coverage options according to the specific requirements of the family members so that they do not have to sacrifice on their way of living even if any unfortunate incident happens with the policyholder. To increase the coverage of the plan, the applicant can also add multiple add-on covers to the term plan. This plan also offers the policyholders with a terminal illness benefit.

2. ABSLI DigiShield Term Insurance Plan: Aditya Birla Sun Life DigiShield Insurance Plan is specifically designed to provide the life insured with 10 different coverage options to select from based upon their varied requirements. This is a comprehensive term plan that offers life insurance cover for one year or till 100 years of age in order to provide financial security to the family members of the insured through flexible death benefit payout options like a lump sum, monthly payout or a combination of the two. Moreover, the plan also provides a return of premium (ROP) option alongside the life insurance cover in order to secure the policyholder’s savings.

3. ABSLI Saral Jeevan Bima Term Insurance Plan: Saral Jeevan Bima by Aditya Birla Sun Life Insurance is a simple insurance plan that offers a lump sum amount to the life insured’s family members to ensure that the family is able to fulfil their long term goals and aspirations financially, even in the absence of the policyholder. The insured is also provided with an option to enhance their coverage through accidental death benefit rider by paying an additional premium amount. This plan also offers the option to pay a premium just once or for a specific duration or throughout the plan tenure.