Our Verdict
Aditya Birla Sun Life Term Insurance offers flexible coverage with affordable premiums, including features like increasing sum assured, critical illness cover, and accidental death benefits. The policy provides a waiver of premium on terminal illness and accidental disability, ensuring continued coverage without financial strain. An accelerated payout is available upon diagnosis of a terminal illness, and whole life cover options extend protection up to 100 years. Female policyholders may benefit from premium discounts. The plan is customizable and offers an easy claim process, providing security and peace of mind. Prospective buyers should review terms and exclusions to ensure the policy meets their specific needs.
Pros
Faith in brand legacy
Backed by the brand loyalty of Aditya Birla group. It proves as a steadfast testament to excellence.
Flexibility in policy tenure
Access to tailor coverage, premium payment and benefit payouts.
Innovative product portfolio
Plans evolve with the changing market dynamics and customer needs.
Professional guidance
Provides policyholders 24 hour customer care service.
High claim settlement ratio
A claim settlement ratio of 98.40%, ensuring safety and protection.
Pros
Cons
Coverage exclusion
Customers with PED are excluded from most policies.
Self-inflicted act exclusion
Any injury caused by self-inflicted harm or attempted suicide, sane or insane; will not be covered by the policy.
Cons
Company Stats
Industry Avg.
Aditya Birla SunLife Insurance
Premium Underwritten
Industry Avg.
Aditya Birla SunLife Insurance
Solvency Ratio
Rating 6.6/10
About the Company
ABSLI is a joint venture between Aditya Birla Capital and Canada based ‘Sun life financial Inc.’. Aditya Birla is the holding company of Aditya Birla group's financial services businesses, through its subsidiaries ABCL provides a comprehensive layout of financial solutions including loans, insurance, payments to cater the customers throughout their lifecycle.
Sun Life Financial Inc., commonly known as Sun Life, is a leading international financial services organization headquartered in Toronto, Canada. Established in 1865, the company offers a diverse range of products and services, including life insurance, health insurance, investment management, and retirement planning.
Aditya Birla Sun Life Insurance (ABSLI) offers a wide range of insurance plans designed to meet diverse financial goals, including protection, savings, wealth creation, retirement planning, and child education.
KYC Documents Required
Pan Card No.
Aadhar Card
Recent Photograph
Cancelled Cheque with Name Printed
Bank Statements
Salary Slip of Latest 3 Months
Covid Vaccination
Claim Settlement
Claim Procedure
Renewal
Online Renewal
Offline Renewal
Key points to remember during Renewals
Customer Support
Talk to an OneAssure Insurance Expert for FREE.
Toll Free - 1800 270 7000,
E-mail - care.lifeinsurance@adityabirlacapital.com
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