Insurance Companies 2293 views July 27, 2019

Aditya Birla Sun Life Insurance Company Ltd

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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Aditya Birla Sun Life Insurance Company Ltd: Plans Benefits

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 Insurance Plans Offered By Aditya Birla Sun Life Insurance Company Ltd

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

Protection Plans

  • ABSLI DigiShield Plan
  • ABSLI Income Shield Plan
  • ABSLI Life Shield Plan

Child Plans

  • ABSLI Vision Star Plan

Retirement Plans

  • ABSLI Empower Pension Plan
  • ABSLI Immediate Annuity Plan
  • ABSLI Empower Pension – SP Plan

Savings Plans

  • ABSLI SecurePlus Plan
  • ABSLI Vision MoneyBack Plus Plan
  • ABSLI Vision LifeIncome Plan
  • ABSLI Savings Plan
  • ABSLI Savings Plan
  • ABSLI Income Assured Plan
  • ABSLI Vision Endowment Plus Plan
  • ABSLI Guaranteed Milestone Plan
  • ABSLI POS

Health Plans

  • ABSLI Hospital Plus Plan
  • ABSLI Cancer Shield Plan
  • ABSLI CritiShield Plan

Wealth Plans

  • ABSLI Wealth Max Plan
  • ABSLI Wealth Secure Plan
  • ABSLI Wealth Assure Plan
  • ABSLI Fortune Elite Plan
  • ABSLI Wealth Aspire Plan

Aditya Birla Sun Life Insurance Company Ltd Reviews

  1. With so many insurance products available in the market, it is increasingly difficult to find the right insurance product that is in complete sync with need and budgetary requirements. Thankfully, the sales team at Aditya Birla Sun Life Insurance explained the meaning of various life insurance policies, thereby, helping us pick the right one.
  2. Aditya Birla Sun Life Insurance helped me to buy adequate coverage at nominal premium rates. Moreover, the customer care team of the company educated me about the various options available along with their associated benefits.
  3. I never had much faith in private insurance companies until I came across the policies sold by this company. Easy to understand, simple and nominally priced, Aditya Birla’s policies are unlike many others sold by insurance companies in the market that promise benefits in lieu of exorbitant charges.

How to get in touch with Aditya Birla Sun Life Insurance Company Ltd?

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

Office Number: 022 66917777

Awards Won by Aditya Birla Sun Life Insurance Company Ltd

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

– Golden Peacock Award – 2011

– Best Insurance Integrated ad campaign (NotJobsButPassion campaign) – 2011

– Bronze – Media Abby Awards at Goa Fest 2011 as Best Never Before use of Media – 2011

– Gold – Creative Abby Awards at Goa Fest 2011 as Direct marketing Dimensional Mail – 2011

– Official Nominee – BSLI Email marketing campaign ‘Save Forest’ – 2010

– Silver Medal & a letter of appreciation for – Wealth with Protection Solutions campaign – 2010

Achievements of Aditya Birla Sun Life Insurance Company Ltd Till Date

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

Aditya Birla Sun Life Insurance Contact Details

Aditya Birla Sun Life Insurance Company Limited CIN: U99999MH2000PLC128110

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

FAQs About Aditya Birla Sun Life Insurance Company Ltd

Is there any minimum eligible criteria while applying for Aditya Birla Sun Life 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 Aditya Birla Sun Life 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 Aditya Birla Sun Life 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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