Insurance Companies 3973 views July 27, 2019

Aditya Birla Sun Life Insurance

One of the largest insurance companies in India, the Aditya Birla Sun Life Insurance (ABSLI) Company was formed as Aditya Birla Group of India and the Sun Life Financial Inc. of Canada came together in 2000. Apart, ABSLI was the first insurance company to have introduced the concept of the free-look period before being mandated by the Insurance Regulatory Development Authority of India (IRDAI).

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Benefits of Aditya Birla Sun Life Insurance

Buying a life insurance policy from Aditya Birla Sun Life Insurance has its own set of benefits. Some of them include:-

Multiple Choices of Plans

Life insurance has an unlimited scope, especially, when it comes to buying from Aditya Birla Sun Life Insurance Company. These may include term insurance policies, endowment plans, unit-linked insurance plans (ULIPs), money-back life insurance schemes and whole life insurance options.

Premium Payment Flexibility

Policyholders enjoy the benefit of flexible premium payment, which means that they can choose to pay their insurance premiums either monthly or yearly.

Payout Benefit Flexibility

Policyholders can now opt for the payout benefits either in a lump sum or a yearly mode.

Tax Benefits

Buying life insurance from Aditya Birla Sun Life Insurance means that the insured can avail benefits under Sections 80C, 80CCC, 80CCE, 80D and 10(10D) of the Income Tax Act 1961.

Different Types of Aditya Birla Sun Life Insurance Plans

There are a number of plans that are currently being sold by Aditya Birla Sun Life Insurance Company. Some of the plans include:-

Protection Plans

Aditya Birla Protection Plans come loaded with attractive features and help your family tide over the times when you are not around. Without any further delay, let’s look at such features.

  • A life cover of INR 1 crore at an affordable premium of just INR 17 per day
  • Impressive claim settlement ratio of 97.54%
  • Flexibility to choose from the different sum insured options – Level Sum Assured, Increasing Sum Assured, Return of Premium, Premium Waiver on Critical Illness and Disability Cover
  • Annual payout option in case of death
  • Joint Life Cover option available to include your spouse in the policy
  • Tax Benefits Under Section 80C and 10(10D) of the Income Tax Act, 1961

After looking at the features, let’s know the Protection Plans Aditya Birla has for you.

  1. ABSLI DigiShield Plan
  2. ABSLI Income Shield Plan
  3. ABSLI Life Shield Plan

Child Plans

Your children and their prosperity must be your top priority. You can thus choose to invest in Aditya Birla Child Plans and help your children complete their higher studies and join a career they dream of. These plans could ensure their wedding too.

  1. ABSLI Vision Star Plan

Retirement Plans

Retirement comes as a refreshing change to one’s life and perhaps a time one likes to enjoy even more. But it comes with a brutal fact too – NO income but the same expenses that you would have while working. Taking note of such concerns, Aditya Birla Sun Life Retirement Plans come with features that help meet the gap one could feel during the retirement days. These plans help build a sizeable corpus with which you can live those days without any worry. You have as many as 3 Retirement Plans to choose from. Take a look!

  1. ABSLI Empower Pension Plan
  2. ABSLI Immediate Annuity Plan
  3. ABSLI Empower Pension – SP Plan

Savings Plans

People often misconceive things like they have to compromise a lot to enjoy a good life later. This is where Aditya Birla Savings Plans come to break this myth! These plans help you save money steadily in small amounts along with a large life insurance cover and tax-free returns. So, if you die during the policy term, these plans will ensure your family members get adequate financial cover while also letting you accumulate a corpus for the future. Sounds like a win-win situation for you! Let’s check out the Savings Plans that you can choose from.

  1. ABSLI SecurePlus Plan
  2. ABSLI Vision MoneyBack Plus Plan
  3. ABSLI Vision LifeIncome Plan
  4. ABSLI Savings Plan
  5. ABSLI Income Assured Plan
  6. ABSLI Vision Endowment Plus Plan
  7. ABSLI Guaranteed Milestone Plan
  8. ABSLI POS

Health Plans

What if you get a health cover in your life insurance plan? Aditya Birla Life Insurance Health Plans ensure the same for you! These plans provide an adequate sum for the treatment of injuries and major illnesses should you and any of your family members suffer from. Here’s a list of health plans that you can look forward to.

  1. ABSLI Hospital Plus Plan
  2. ABSLI Cancer Shield Plan
  3. ABSLI CritiShield Plan

Wealth Plans

These plans will come through five unit-linked insurance plans that offer a significant life cover and help save money regularly.

  1. ABSLI Wealth Max Plan
  2. ABSLI Wealth Secure Plan
  3. ABSLI Wealth Assure Plan
  4. ABSLI Fortune Elite Plan
  5. ABSLI Wealth Aspire Plan

Awards Won by Aditya Birla Sun Life Insurance Company

It feels good to be recognised for one’s efforts.

  1. Golden Peacock Award – 2011
  2. Best Insurance Integrated ad campaign (NotJobsButPassion campaign) – 2011
  3. Bronze – Media Abby Awards at Goa Fest 2011 as Best Never Before use of Media – 2011
  4. Gold – Creative Abby Awards at Goa Fest 2011 as Direct marketing Dimensional Mail – 2011
  5. Official Nominee – BSLI Email marketing campaign ‘Save Forest’ – 2010
  6. Silver Medal & a letter of appreciation for – Wealth with Protection Solutions campaign – 2010

Achievements Till Date

  1. Ranked among the top five Non-Banking Financial Companies (NBFCs) in India;
  2. One of the foremost private players in the insurance sector.

Aditya Birla Sun Life Insurance Company Contact Details

Registered Office

Aditya Birla Sun Life Insurance Company Limited

One Indiabulls Centre Tower 1, 16th Floor

Jupiter Mills Compound, 841, Senapati Bapat Marg

Elphinstone Road, Mumbai – 400013

Tel No: 022-66917777

Email: care.lifeinsurance@adityabirlacapital.com

CIN: U99999MH2000PLC128110

Toll-free Customer Service Number: 1-800-270-7000

FAQs

Is there any minimum eligible criteria while applying for insurance policy?

Answer: To buy any life insurance policy sold by Aditya Birla Sun Life Insurance Company, the minimum eligibility criteria is 18 years old. This is unbiased of whether the customer is salaried or a self-employed professional. However, choosing and buying an insurance policy is not enough. It is important that the policyholders pay the policy premiums regularly throughout the policy period.

Is insurance policy renewable?

Answer: Yes, policyholders can apply for the life insurance policy renewal by intimating the insurance company online, messaging its customer care center or emailing them on the given id. However, for policy renewability, it is important that policyholders have paid the premiums regularly throughout the policy period.

Can policyholders seek loans against their insurance policies?

Answer: The answer is “Yes.” Once the life insurance policy has attained its surrender value, policyholders can seek loan against the policy. However, the loan amount is decided by the insurance company depending on the kind of policy bought.

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