Aditya Birla Sun Life Insurance Digishield Plan
Aditya Birla SunLife Insurance
Our Verdict
ABSLI Digit Shield offers diverse riders, including hospitalization and surgical care, alongside standard critical illness and disability coverage. This makes it a strong contender for individuals seeking comprehensive protection against a wide range of life's uncertainties, all within a flexible online term plan.
About the Plan
The ABSLI Digit Shield Term Insurance Plan is a comprehensive and customizable term insurance plan designed to provide financial security to your loved ones. It offers multiple payout options, including a lump sum or monthly income, ensuring flexibility based on your family's needs. The plan includes life cover with optional riders for enhanced protection, such as critical illness and accidental death benefits. With affordable premiums, flexible policy terms, and tax benefits, this plan ensures long-term financial stability and peace of mind for policyholders and their families.
About the Plan
Eligibility
• Entry Age :
18 to 65 years
• Maximum Maturity Age :
75 years
• Policy Term :
20 to 55 years
• Minimum Sum Assured :
₹25,00,000
• Premium Payment Term :
Regular Pay or Limited Pay (10 or 15 years)
• Premium Payment Frequency :
Yearly, Half-Yearly, or Monthly
• Citizenship :
Indian residents and NRIs (subject to underwriting)
Eligibility
Features of the Product
Death benefit
Flexible death benefit payout options - as a lump sum, monthly income or a combination of both.
Critical illness benefits
Accelerated Critical Illness (ACI) Benefit option covering 42 specified Critical Illnesses, on payment of additional premium
Return of premium
Return of Premium (ROP) option along with life insurance cover to secure your savings
Joint Life protection
Option to cover your Spouse under the same Policy with Joint Life Protection
Exclusions
Death due to suicide within 12 months from the policy's start date.
Death or disability resulting from intentional self-inflicted injury.
Death or disability caused by alcohol or drug abuse.
Death or disability due to participation in hazardous activities or sports, unless specifically covered by a rider.
Death or disability arising from war, invasion, act of foreign enemy, hostilities, civil war, rebellion, revolution, or any warlike operations.
Death or disability resulting from participation in any criminal act.
Death due to pre-existing diseases not disclosed at the time of policy purchase.
Certain exclusions may also apply to specific riders, such as critical illness or accidental death benefits, so it's important to review the policy wording carefully.
Exclusions
Accidental Death Benefit Rider - Provides an additional lump sum payout if the policyholder passes away due to an accident, offering extra financial security to the nominee.
Critical Illness Rider - Pays a lump sum amount upon diagnosis of specified critical illnesses like cancer, heart attack, or stroke, helping cover medical expenses and income loss.
Total and Permanent Disability Rider - Offers financial support if the policyholder becomes permanently disabled due to an accident or illness, ensuring continued financial stability.
Waiver of Premium Rider - Waives all future premiums if the policyholder is diagnosed with a critical illness or suffers total and permanent disability, keeping the policy benefits intact.
Hospital Care Rider - Provides daily cash benefits for hospitalization due to illness or accident, helping manage medical expenses effectively.
Surgical Care Rider - Pays a lump sum benefit for specified surgeries, reducing the financial burden of medical treatment.
Add-ons
If you are a woman
Female policyholders may be eligible for preferential premium rates depending on the insurer’s underwriting policy. Additionally, they can enhance their coverage with optional critical illness riders, which may cover female-specific illnesses like breast and cervical cancer
If you smoke
Higher premiums for smokers.
Note :
Grace period : The ABSLI Digit Shield Term Insurance Plan provides a grace period of 30 days for yearly and half-yearly premium payments and 15 days for monthly premium payments. During this period, the policyholder can pay the missed premium without policy lapse.
Free look period : The ABSLI Digit Shield Term Insurance Plan offers a free look-up period of 15 days (30 days for policies purchased online or through distance mode). During this period, the policyholder can review the policy terms and cancel it if unsatisfied
Suicide clause : The ABSLI Digit Shield Term Insurance Plan includes a suicide clause, stating that if the policyholder dies by suicide within 12 months from the policy commencement or revival date, the nominee will receive 80% of the total premiums paid till the date of death
Still Confused ?
Why OneAssure?
We guide your loved ones every step of the way to ensure they receive the full benefit of their coverage.
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.