Aditya Birla Sun Life Insurance Company Limited (ABSLI) which was formerly known as Birla Sun Life Insurance Company Limited was established in the year 2000. The company is a life insurance subsidiary of Aditya Birla Capital Limited. ABSLI was started by coming together of Aditya Birla Group, Indian multinational conglomerate and Sun Life Financial Inc., a leading Canada based international financial services organisation. Aditya Birla Sun Life Insurance Company is one of the leading private life insurers in India that offers a wide range of products to cater to the needs of various customer segments. Product offerings include term plans, savings plans, child plans, retirement plans and health plans that can help people achieve their various life goals.
Following are the important facts to note about the company –
Birla Sun Life offers a variety of insurance and investment products loaded with a variety of benefits and features. Following are the benefits of Birla Sun Life insurance plans –
Birla Sun Life offers a variety of plans for protection and investment with many customisable benefits. Following are the category of life insurance products offered by the company –
Let’s learn each plan offered in all of the categories.
Term insurance plans offered by Birla Sun Life provides financial coverage to the policyholder in the event of an untimely demise during the policy period. Term life insurance policies are meant to provide protection for a specific period of time. In this uncertain world, with term insurance plans one can ensure future financial stability for the family and loved ones. Following are the various term insurance plans offered by Birla Sun Life Insurance Company –
ABSLI DigiShield plan is a non-linked non-participating life insurance plan that provides financial protection to the family of insured in an unforeseen situation during the policy term. The plan comes with customisable features which can be done according to the needs of an insured and his/her family.
Features of ABSLI DigiShield Plan
Eligibility Criteria for ABSLI DigiShield Plan
Entry age |
18 years to 65 years |
Maturity age |
85 years |
Policy term |
5 years to 50 years |
Premium paying term |
The plan I – single pay/regular pay (same as policy term)/limited pay 5,7,10,15,20,25,30 years till 60 years of age, Plan II – single pay/regular pay (same as policy term)/limited pay 5 or 7 years |
Sum assured |
INR 30,00,000 to No limit |
Premium payment frequency |
Yearly/Half-yearly/Quarterly/Monthly |
ABSLI UltimaTerm Plan is a non-linked non-participating term insurance plan offered to provide complete protection to the insured’s family against future uncertainties. This is an affordable plan that keeps the family’s financial position stable and helps in achieving key milestones of life.
Features of ABSLI UltimaTerm Plan
Eligibility Criteria for ABSLI UltimaTerm Plan
Entry age |
18 years to 65 years |
Maturity age |
85 years |
Policy term |
Limited pay – 10 years to 50 years, Regular pay – 5 years to 50 years |
Premium paying term |
Limited pay – 5 years, Regular pay – Same as the policy term |
Sum assured |
INR 1 Cr to no limit |
Premium payment frequency |
Yearly/Half-yearly/Quarterly/Monthly |
ABSLI Income Shield plan is a non-linked, non-participating term insurance plan that offers a financial shield to the insured’s family against income loss during an unforeseen situation like death. The policy ensures the regular income is not affected due to any uncertainties of life.
Features of ABSLI Income Shield Plan
Eligibility Criteria for ABSLI Income Shield Plan
Entry age |
18 years to 65 years |
Maturity age |
75 years |
Policy term |
10 years to 40 years |
Income benefit term |
10 years to 20 years |
Premium paying term |
Limited pay – 10 years, Regular pay – 6 years |
Sum assured |
INR 5,00,000 to no limit |
Premium payment frequency |
Yearly/Half-yearly/Quarterly/Monthly |
ABSLI Life Shield plan is a non-linked non-participating term insurance plan that offers flexible coverage options to suit the diverse insurance needs of people. The policy comes with many customisable features which secure the insured family in the event of uncertainties depending on their needs.
Features of ABSLI Life Shield Plan
Eligibility Criteria for ABSLI Life Shield Plan
Entry age |
18 years to 65 years |
Maturity age |
80 years |
Policy term |
For Plan 1,2,3,4,5 and 6 – 10 years to 50 years, For plan 7 and 8 – 20 years to 50 years |
Premium paying term |
Single pay, Limited pay – 6, 8 years, Regular pay -same as the policy term |
Sum assured |
INR 25,00,000 to no limit |
Premium payment frequency |
Yearly/Half-yearly/Quarterly/Monthly |
Wealth and protection plans offered by Birla Sun Life are two-in-one plans that bring the best of both investment and insurance world. Basically, these are the unit-linked insurance plans (ULIPs) that are designed in a customisable way to suit the varying needs of people and their risk-taking ability. Let’s take a look at various ULIP plans offered by Birla Sun Life.
ABSLI Wealth Max is a single premium unit-linked insurance plan that offers financial protection to the insured’s family and the potential good returns from market investments.
Features of ABSLI Wealth Max Plan
Eligibility Criteria for ABSLI Wealth Max Plan
Entry age |
30 days to 70 years |
Maturity age |
18 years to 70 years |
Policy term |
5,10,15 and 20 years |
Premium paying term |
Single pay |
Basic Premium |
For policy term 5 and 10 years – Minimum INR 1,00,000, For policy term 15 and 20 years – Minimum INR 2,00,000 |
Sum assured |
1.25, 5 or 10 times the basic premium |
ABSLI Wealth Secure plan is a unit-linked insurance plan that can be customised according to investor’s needs, risk profile and life goals. The plan offers long-term savings opportunity, wealth creation and whole life coverage.
Features of ABSLI Wealth Secure Plan
Eligibility Criteria for ABSLI Wealth Secure Plan
Entry age |
30 days to 65 years |
Policy term |
Whole life |
Premium paying term |
entry age below 45 years – 5 years to 30 years, entry age 45 years to 60 years -8 years to 30 years, entry age 61 years to 65 years – 10 years to 14 years |
Basic Premium |
For yearly /half-yearly mode – Minimum INR 30,000 p.a., For quarterly/monthly mode – Minimum 60,000 p.a. |
Sum assured |
10 times the annualised premium |
Premium payment frequency |
Yearly/Half-yearly/Quarterly/Monthly |
ABSLI Wealth Assure plan is a non-participating unit-linked insurance plan that offers the benefit of protection against death, critical illness and total permanent disability along with generating good returns on investment. The policy comes with many customisable features to suit the various insurance and investment needs of people.
Features of ABSLI Wealth Assure Plan
Eligibility Criteria for ABSLI Wealth Assure Plan
Entry age |
Classic plan – 30 days to 55 years |
Policy term |
Classic plan – 18 years to 75 years |
Basic Premium |
Minimum INR 24,000 p.a. |
Sum assured |
10 times the annualised premium |
Premium payment frequency |
Yearly/Half-yearly/Quarterly/Monthly |
Policy term |
Premium paying term |
||
15 years |
10 years |
15 years |
– |
20/25/30/35 years |
10 years |
15 years |
20 years |
ABSLI Fortune Elite plan is a unit-linked insurance plan that offers the benefit of wealth preservation and enhancement along with life protection. Basically, the plan aims to protect insured and insured’s family during uncertainties along with preserving the accumulated wealth.
Features of ABSLI Fortune Elite Plan
Eligibility Criteria for ABSLI Fortune Elite Plan
Entry age |
30 days to 65 years |
Maturity age |
75 years |
Policy term |
10,20,25,30,35 and 40 years |
Premium paying term |
5,10,15 and 20 years |
Basic Premium |
Minimum INR 40,000 p.a. |
Sum assured |
10 times the annualised premium |
Premium payment frequency |
Yearly/Half-yearly/Quarterly/Monthly |
ABSLI Wealth Aspire Plan is a unit-linked insurance plan that offers the benefit of financial protection against uncertainties and wealth creation for long-term goals of life.
Features of ABSLI Wealth Aspire Plan
Eligibility Criteria for ABSLI Wealth Aspire Plan
Entry age |
Classic option – 30 days to 65 years |
Maturity age |
Classic option – 18 days to 75 years |
Policy term |
10 years to 40 years |
Premium paying term |
5 years to 40 years |
Sum assured |
10 times the annualised premium |
Premium payment frequency |
Yearly/Half-yearly/Quarterly/Monthly |
Child insurance plan offered by Birla Sun Life helps the investor secure their child’s future against the uncertainties of life. Child plan ensures child’s life milestones are achieved by providing financial stability.
ABSLI Vision Star plan helps to build a sufficient corpus for child’s future financial needs such as for higher education or for exploring career options. The policy also comes with adequate life protection in the event of uncertainties.
Features of ABSLI Vision Star Plus
Eligibility Criteria of ABSLI Vision Star Plus
Entry age |
18 years to 55 years |
Maturity age |
75 years |
Policy term |
For option A – 16 years (maximum of 23 years) |
Premium paying term |
5 years to 12 year |
Sum assured |
INR 1,00,000 |
Premium payment frequency |
Yearly/Half-yearly/Quarterly/Monthly |
Health insurance plans offered by Birla Sun Life helps to cover the medical or surgical expenses of an individual. Health plans are an important necessity to have a financial backup against the uncertainties. There are various health plans offered by Birla Sun Life.
ABSLI Cancer Shield Plan is a traditional non-participating health insurance plan that is specifically designed to provide a shield against cancer by covering all stages of cancer. Considering the rising medical inflation and increasing rate of lifestyle diseases, it’s important to be financially prepared for medical uncertainties.
Features of ABSLI Cancer Shield Plan
Eligibility Criteria for ABSLI Cancer Shield Plan
Entry age |
18 years to 65 years |
Maturity age |
85 years |
Policy term |
5 years to 50 years |
Premium paying term |
Regular pay |
Sum assured |
INR 10,00,000 to INR 50,00,000 |
Premium payment frequency |
Yearly/Half-yearly/Quarterly/Monthly |
ABSLI Hospital Plus Plan is a fixed benefit health plan that ensures the investor enjoys the best medical care experience. The plan provides a fixed cash amount in the event of hospitalisation to take care of additional expenses and acts as a great supplement to base health plan.
Features of ABSLI Hospital Plus Plan
Eligibility Criteria for ABSLI Hospital Plus Plan
Entry age |
Adult – 18 years to 65 years |
Maturity age |
95 years |
Policy term |
5 years guaranteed renewable |
Premium paying term |
Regular pay (guaranteed renewable every 5 years) |
Sum assured |
Benefit option A – INR 75,000 per life |
Premium payment frequency |
Yearly/Monthly |
ABSLI CritiShield Plan is a non-participating traditional health insurance plan offered by Birla Sun Life. The plan basically provides a financial shield against heart and kidney ailments.
Features of ABSLI CritiShield Plan
Eligibility Criteria for ABSLI CritiShield Plan
Entry age |
18 years to 65 years |
Maturity age |
85 years |
Policy term |
5 years to 50 years |
Premium paying term |
Regular pay |
Sum assured |
INR 10,00,000 to INR 50,00,000 |
Premium payment frequency |
Yearly/Half-yearly/Quarterly/Monthly |
Retirement planning needs to start early in the career. Birla Sun Life offers many options for saving for retirement. There are a variety of plans suitable for varying risk profiles and needs.
ABSLI Empower Pension Plan is a unit-linked non-participating pension plan that helps to save for the golden years of life. The plan makes a market-linked investment to maximise the return on savings so that the future is secure without any financial worries.
Features of ABSLI Empower Pension Plan
Eligibility Criteria for ABSLI Empower Pension Plan
Entry age |
25 years 70 years |
Vesting age |
80 years |
Policy term |
5 years to 30 years |
Premium paying term |
Regular pay |
Minimum basic premium |
INR 18,000 p.a. |
Premium payment frequency |
Yearly/Half-yearly/Quarterly/Monthly |
ABSLI Immediate Annuity Plan is a traditional, non-participating single premium plan that ensures alternate income in the golden years of life.
Features of ABSLI Immediate Annuity Plan
Eligibility Criteria for ABSLI Immediate Annuity Plan
Entry age |
30 years to 90 years |
Regular Income |
INR 12,000 |
ABSLI Empower Pension –SP Plan is a single premium unit-linked pension plan that aims to provide financial freedom during the retirement years of life. The plan helps to focus on retirement goals.
Features of ABSLI Empower Pension – SP Plan
Eligibility Criteria for ABSLI Empower Pension – SP Plan
Entry age |
25 years 70 years |
Vesting age |
80 years |
Accumulation Period |
5 years to 20 years |
Policy term |
Single pay |
Premium paying term |
Single pay |
Single premium |
INR 1,00,000 to No limit |
Premium payment frequency |
Yearly/Half-yearly/Quarterly/Monthly |
Savings with protection plans offered by Birla Sun Life are basically the endowment insurance plans that offer the dual benefit of life protection and wealth accumulation over the long-term. Endowment plans inculcate the savings habit and secure the insured’s family during the unfortunate event. There are various savings with protection plans offered by Birla Sun Life.
ABSLI SecurePlus Plan is a traditional non-participating endowment plan that offers the benefit of guaranteed income along with life protection for the insured period.
Features of ABSLI SecurePlus Plan
Eligibility Criteria for ABSLI SecurePlus Plan
Entry age |
5 years to 50 years |
Maturity age |
63 years |
Policy term |
13 years |
Premium paying term |
12 years |
Minimum premium |
Annual mode – INR 50,000 p.a. |
Payment period |
For Income benefit option A – 6 years (from the completion of policy term) |
Minimum Sum assured |
INR 5,22,000 |
Premium payment mode |
Annual/Monthly |
ABSLI Vision MoneyBack Plus Plan is a traditional participating endowment plan that provides liquidity at regular intervals to meet the financial requirement along with the life cover against uncertainties.
Features of ABSLI Vision MoneyBack Plus Plan
Eligibility Criteria for ABSLI Vision MoneyBack Plus Plan
Entry age |
13 years to 45 years |
Maturity age |
70 years |
Policy term |
20,24 and 25 years |
Premium paying term |
10 and 12 years |
Minimum Sum assured |
INR 1,00,000 |
Premium payment mode |
Yearly/Half-yearly/Quarterly/Monthly |
ABSLI Vision LifeIncome Plan is a traditional participating whole life insurance plan that offers the benefit of steady income along with whole life protection against uncertainties.
Features of ABSLI Vision LifeIncome Plan
Eligibility Criteria for ABSLI Vision LifeIncome Plan
Entry age |
30 days to 60 years |
Policy term |
whole life to age 100 years |
Premium paying term |
8,10,12,15 to 40 years |
Minimum Sum assured |
INR 2,00,000 |
Premium payment mode |
Yearly/Half-yearly/Quarterly/Monthly |
ABSLI Savings Plan is a traditional participating endowment plan that secures insured’s family well-being along with building a corpus for future life goals.
Features of ABSLI Savings Plan
Eligibility Criteria for ABSLI Savings Plan
Entry age |
18 years to 50 years |
Policy term |
10,15 and 20 years |
Premium paying term |
10 and 15 years |
Sum assured |
INR 30,000 to INR 10,00,000 |
Premium payment mode |
Yearly/Half-yearly/Quarterly/Monthly |
ABSLI Vision LifeSecure Plan is a traditional participating whole life insurance plan that offers the dual benefit of whole life protection and corpus building for future life goals.
Features of ABSLI Vision LifeSecure Plan
Eligibility Criteria for ABSLI Vision LifeSecure Plan
Entry age |
30 days to 60 years |
Maturity age |
18 years to 75 years |
Policy term |
15 years to 35 years |
Premium paying term |
Same as the policy term |
Sum assured |
INR 2,00,000 to no limit |
Minimum premium |
INR 12,000 p.a. |
Premium payment mode |
Yearly/Half-yearly/Quarterly/Monthly |
ABSLI Income Assured Plan is a traditional non-participating endowment plan that helps in creating a corpus for brighter future along with providing comprehensive coverage to family against the uncertainties of life.
Features of ABSLI Income Assured Plan
Eligibility Criteria for ABSLI Income Assured Plan
Entry age |
8 years to 60 years |
Policy term |
15,17,20,22 and 25 years |
Premium paying term |
5, 7 and 10 years |
Sum assured |
INR 1,00,000 to no limit |
Premium payment mode |
Yearly/Half-yearly/Quarterly/Monthly |
ABSLI Vision Endowment Plus Plan is a traditional participating endowment plan that ensures the family’s financial securities during any uncertainties along with offering an opportunity to save for future life goals.
Features of ABSLI Vision Endowment Plus Plan
Eligibility Criteria for ABSLI Vision Endowment Plus Plan
Entry age |
30 days to 60 years |
Maturity age |
70 years |
Policy term |
10 years to 40 years |
Premium paying term |
Limited pay -7,10,15 and 20 years |
Sum assured |
INR 1,00,000 to no limit |
Premium payment mode |
Yearly/Half-yearly/Quarterly/Monthly |
Minimum premium |
INR 2,495 p.a. |
ABSLI Guaranteed Milestone Plan is a non-linked non-participating life insurance plan that offers adequate protection to the family in the event of insured’s death during the policy period along with guaranteed benefits on maturity.
Features of ABSLI Guaranteed Milestone Plan
Eligibility Criteria for ABSLI Guaranteed Milestone Plan
Entry age |
30 days to 60 years |
Maturity age |
18 years to 70 years |
Minimum maturity sum assured |
INR 90,000 |
Sum assured |
15 times the annualised premium |
Premium payment mode |
Yearly/Half-yearly/Quarterly/Monthly |
Minimum premium |
INR 15,000 |
Policy term |
Premium paying term |
12 years and 14 years |
6 years |
16 years and 18 years |
8 years |
20 years and 22 years |
10 years |
24 years and 26 years |
12 years |
ABSLI Jeevan Bachat Plan is a non-linked non-participating endowment plan that boosts the savings by offering guaranteed returns along with providing life protection throughout the policy term.
Features of ABSLI Jeevan Bachat Plan
Eligibility Criteria for ABSLI Jeevan Bachat plan
Entry age |
1 year to 55 years |
Maturity age |
18 years to 65 years |
Policy term |
For single pay and 6 pay – 10,15 and 20 years |
Premium paying term |
Single pay |
Sum assured |
Single pay – INR 12,500 to INR 10,00,000 |
Premium |
Single pay – INR 10,000 to INR 1,00,000 |
Premium payment mode |
Single/Yearly/Half-yearly/Quarterly/Monthly |
ABSLI Monthly Income Plan is a non-linked participating life insurance plan that helps to build an adequate corpus for retirement life along with providing financial protection to the family in the event of uncertainties.
Features of ABSLI Monthly Income Plan
Eligibility Criteria for ABSLI Monthly Income Plan
Entry age |
18 years to 55 years |
Maturity age |
80 years |
Policy term |
20 years to 37 years |
Premium paying term |
10 and 12 years |
Sum assured |
INR 4,00,000 to no limit |
Premium |
Single pay – INR 10,000 to INR 1,00,000 |
Premium payment mode |
Single/Yearly/Half-yearly/Quarterly/Monthly |
Minimum premium |
INR 15,000 |
Birla Sun Life Insurance plans can be purchased both offline and online platform. You can visit the branch offices or contact insurance advisors for purchasing Birla Sun Life plans offline. However, buying online is more convenient which can be done in a few steps through the company website of Birla Sun Life Insurance.
The easiest way to buy Birla Sun Life plans online would be buying them through Turtlemint as plans can be compared with similar other plans available in the market.
Following are the simple steps to follow for buying online –
Documents Required for Buying Birla Sun Life Insurance Plans
Following are the documents required for buying Birla Sun Life Insurance plans –
Claim process for Birla Sun Life Insurance plans is simple, convenient and streamlined. Following is the process to follow –
Turtlemint can help you with claim settlements, you can contact Turtlemint by calling on 1800-266-0101 or by writing to them on claims@turtlemint.com. Their executive will get in touch with you.
Documents Required for Birla Sun Life Insurance Claims
Following are the documents required for Birla Sun Life insurance claims:
Requirement of documents may slightly vary depending on the type of claim.
Birla Sun Life Insurance plans come with multiple optional rider options that can enhance the coverage. Following are the riders offered by Birla Sun Life.
Suicide exclusions: If the life insured dies by committing suicide within 12 months from the date of inception of the policy or revival of the policy, the insurance company will pay the premiums paid to the date (excluding applicable taxes).
For any queries, Birla Sun Life Insurance Company can be contacted easily.
Contact address: Aditya Birla Sun Life Insurance Company Limited, One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai – 400013
Email – care.lifeinsurance@adityabirlacapital.com
Premium for Birla Sun Life plans can be paid online or offline. Paying premium online is the most convenient option. Following are the modes to pay premium online –
You can also pay the premium through below modes offline
Renewal of Birla sun life insurance plans are quite easy which can be done online. All you need to do is log in to company’s portal with the given user credential and access the policy details. Click on the ‘renew’ option and make the outstanding premium payment. Once the payment is successfully done, the policy would be renewed.
Following are the four major critical illnesses covered under ABSLI critical illness rider –
Yes. If you are unable to make a premium payment within the due date, you will be given a grace period of 30 days to make premium payment during which all the benefits under the plan will continue.
Yes. The policy can be cancelled after buying without any charges within a free look period. Birla Sun Life plans provide 15 days free look period and 30 days free look period (for policies bought through distance marketing). Within this time period, if you are not satisfied with the terms and conditions of the policy, you can cancel the policy with the reason stated.