Aditya Birla Sunlife Digishield Plan

ABSLI DigiShield Plan is a non-linked, non-participating term insurance plan offered by Aditya Birla Life Insurance Company. On opting for this plan, your family will be paid a lum sum as a death benefit, in case you pass away during the policy term. The family of the policyholder could use this amount to meet their financial needs, without disturbing their day-to-day expenses.

Aditya Birla Digishield term insurance plan comes with affordable premiums and plan variants, which makes this plan a comprehensive, wide coverage option.

Here are some key features of this plan:

Inbuilt terminal illness benefit
Affordable premiums
Flexible premium paying term

Tax benefit
Rider protection
Multiple options to receive the death benefit

Eligibility Criteria for Aditya Birla Sunlife Digishield Plan

Entry age

Minimum Age - 18 years Maximum Age - 65 years

Maturity age

Maximum Maturity Age - 85 years

Policy term

Minimum term - 5 years Maximum term - 40 years

Sum assured

Base sum assured: 30 Lacs to no limit.

Policy loan

The policy loan is not available under ABSLI Digishield Plan.

Payment modes

Annual, half-yearly, quarterly & monthly

How Does Aditya Birla Sun Life Digishield Plan Work?

Let's understand how the Aditya Birla Sun Life Digishield Plan work with a simple premium illustration.

Problem

Mr. Kartik Sharma a 40-year-old Gurugram based Software engineer, is looking for a term insurance plan that offers inbuilt critical illness along with increasing life cover.

Solution

He saw a add on social media by policyx.com for term plan offers same benefits. Policyx.com carefully analyze his queries and guide him to go with ABSLI Digishield Plan.

Let us see a brief illustration of Mr. Kartik Sharma's Aditya Birla Sunlife Digishield Plan.

Age of policyholder	Annual premiums	Policy tenure	Premium payment term	Total premiums paid	Sum assured
40 years	Rs 32, 654	20 years	20 years	Rs 653080	Rs 50 Lakh

Key Takeaways: Mr. Kartik will covered up to the age of 60 years. In case of an unfortunate event, his nominee will receive a sum assured of Rs. 50 lakhs.

Benefits of Aditya Birla Sunlife Digishield Plan

Here are the benefits associated with the Aditya Birla Sunlife Digishield Plan

Exclusions of Aditya Birla Sun Life Digishield Plan

Here is the list of exclusions associated with the plan:

Death occurred due to a pandemic is not covered by the company.
Death caused due to any type of adventure sports.
Death by consumption of any type of drugs and alcohol.
Death due to any pre-existing disease that isn't mentioned during the start of the policy.
If policyholder commits suicide within first 12 months of purchasing the policy, then no death benefits are paid to their nominee. Either premiums paid to date or the surrender value of the policy whichever is higher is paid to them.

Conclusion

Aditya Birla Sun Life Digisheild is a pure-term insurance plan that offers comprehensive protection for your whole life. This plan offers some exclusive features such as Level Cover, Increasing Cover, SA Reduction, Income Benefit, and so on. With the ABSLI DigiShield Plan, you can opt for a large sum assured at an affordable cost. In case you have more doubts regarding this plan you can contact PolicyX.com. Our certified insurance advisors work 24/7 to solve every possible query at zero cost.

Explore more about Aditya Birla Term Insurance Plans

Explore other Aditya Birla Term Insurance

Aditya Birla Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with Aditya Birla Term Insurance plans. Below is the list of term plans offered by Aditya Birla.

Aditya Birla Life Shield Plan

ABSLI Life Shield plan (Aditya Birla Life Shield Plan) is a versatile and online available term insurance product. The plan is an affordable term insu...

Unique Features

Avail 8 Plan Options
Flexible-Premium Payment
Cover for Spouse

Aditya Birla Life Shield Plan (Pros)

105% of total death benefit
Tax benefits as per law
Return of premium

Aditya Birla Life Shield Plan (Cons)

No policy loan
No critical illness
no tax benefit

Aditya Birla Life Shield Plan (Other Benefits)

Suicide Cover After 12 Months
Discount for Non-Smokers
5% online discount

Aditya Birla Life Shield Plan (Eligibility Criteria)

Min entry age-1 years
Max entry age-65 years
Min. sum assured-25 Lac
Max. sum assured- No limit
Premium payment term-Regular/limited

ABSLI Poorna Suruksha Kawach

ABSLI Poorna Suraksha Kawach is a comprehensive plan that offers the benefit of return of premium and early return of premium along with the life insu...

Unique Features

6 Plan option
Increasing or decreasing SA benefit
Special exit value

ABSLI Poorna Suruksha Kawach (Pros)

Death benefit
Return of Premium
Critical illness benefit

ABSLI Poorna Suruksha Kawach (Cons)

No Policy Loan
No investment option
No terminal illness benefit

ABSLI Poorna Suruksha Kawach (Other Benefits)

Maturity benefit
Tax benefit
Surrender benefit

ABSLI Poorna Suruksha Kawach (Eligibility Criteria)

Minimum entry age- 18 years
Maximum entry age-65 years
Maximum sum assured-20 crore
Minimum policy term-5 years
Maximum policy term-55 years