Aditya Birla Life Shield Plan
- Avail 8 Plan Options
- Flexible-Premium Payment
- Cover for Spouse
ABSLI Life Shield plan (Aditya Birla Life Shield Plan) is a versatile and online available term insurance product. The plan is an affordable term insurance plan with a high life cover and 8 different plan options to suit your requirements.
One of the many benefits of the plan is the ability to increase your sum insured at major life stages such as marriage, the birth of your child, and other such major life events.
Here are some key features of this plan:
Minimum Age - 1 years Maximum Age - 65 years
Maximum Maturity Age - 85 years
Minimum term - 10 years Maximum term - 55 years
Base sum assured: 25 Lacs to no limit.
The policy loan is not available under ABSLI Life Shield Plan.
Annual, half-yearly, quarterly & monthly
Let's understand how the Aditya Birla Life Shield Plan work with a simple premium illustration.
Mr. Sachin Gupta is a 40-year-old Banglore-based software engineer, looking for a term Insurance plan that offers level term cover with return of premium feature.
His wife suggests he to visit PolicyX.com. PolicyX.com, advisors carefully analyze his query and suggest him to purchase the ABSLI Life Shield Plan.
Let us see a brief illustration of Mr. Sachin Gupta's Aditya Birla Sunlife Digishield Plan
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 40 years | Rs 19,596 | 20 years | 20 years | Rs 391920 | Rs 50 Lakh |
Key Takeaways: Mr. Sachin will be covered up to the age of 60 years. In case of any unfortunate event, his nominee will receive a sum assured of Rs. 50 lakhs.
Here are the benefits associated with the Aditya Birla Life Shield Plan
You can add the following riders to your ABSLI Life Shield Plan:
This rider offers additional protection for accidents leading to death and disability at an affordable cost.
This rider offers a lumpsum amount in case of diagnosis of any of the listed critical illnesses.
This rider offers a lumpsum amount to cover surgical expenses.
Here is the list of exclusions associated with the plan:
ABSLI Life Sheild plan is highly customizable with multiple plan options and benefits which can be opted for as per your family’s requirements. The plan is a boon to individuals who want a high sum assured at an affordable premium price.
In case you have any doubts regarding the ABSLI Life Shield Term Plan you can contact PolicyX.com. Our certified insurance advisors work 24/7 to resolve every possible query for you.
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Simran is an insurance expert with more than 4 years of experience in the industry. An expert with previous experience in BFSI, Ed-tech, and insurance, she proactively helps her readers stay on par with all the latest Insurance industry developments.
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