A joint endeavour between Aditya Birla Group and Sun Life Finance Inc, Aditya Birla Sun Life Insurance offers an assortment of protection items from term protection plans to abundance with insurance plans which you can buy as per your necessities.
Aditya Birla Sun Life Insurance Organization Restricted (ABSLI) is a joint endeavour between the Aditya Birla Group and Canadian monetary firm Sun Life Finance Inc. With over 2.5 million clients, BSLI is one of the main extra security organizations and asset supervisors in India.
The organization has more than 600 branches spread north of 500 urban areas and spearheaded the send-off of Unit Connected Disaster protection plans. BSLI gives a total scope of protection administrations including security arrangements, wellbeing and retirement arrangements, abundance with assurance, youngsters’ future arrangements, life stage items and tweaked bunch protection answers for representatives of different associations.
Aditya Birla Sun Life Insurance Plans in India
| Protection plans |
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| Wealth with protection plans |
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| Children’s future plans |
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| Health plans |
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| Retirement plans |
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| Savings with protection plans |
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Aditya Birla Sun Life Protection Plans:
The insurance terms offered under Aditya Birla Sun Life Insurance assist with guaranteeing the monetary security of one’s family, particularly during seasons of emergency. These assurance arrangement plans offer your family complete monetary security, consequently, decreasing the general pressure.
| Type of plan | Basic sum assured | Policy tenure |
| ABSLI Digi Shield plan |
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5 to 40 years |
| ABSLI Income shield plan |
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10 to 40 years |
| ABSLI Life shield plan |
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Aditya Birla Sun Life Savings With Protection Plans:
The savings with insurance term offered under Aditya Birla Sun Life Insurance give the opportunity to set aside cash in restricted amounts, with the extra advantage of a huge cover and tax exempt returns. These little reserve funds go far in safeguarding one’s family’s future.
| Type of plan | Basic sum assured | Policy tenure |
| ABSLI Secure Plus Plan |
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13 years |
| ABSLI Vision Money Back Plus Plan |
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20, 24, and 25 years |
| ABSLI Vision Life Income Plan |
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Whole life to 100 years of age |
| ABSLI Savings Plan |
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10, 15, and 20 years |
| ABSLI Vision Life Secure Plan |
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15 to 35 years |
| ABSLI Income Assured Plan |
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15, 22, and 25 years |
| ABSLI Vision Endowment Plus Plan |
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10 to 40 years |
| ABSLI Guaranteed Milestone Plan |
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12, 14, 16, 18, 20, 22, 24 & 26 years |
| ABSLI POS – Jeevan Bachat Plan |
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Aditya Birla Sun Life Savings With Health Plans:
Aditya Birla Sun Life Insurance offers three different types of health plans which can be utilised by the insured to insure himself/herself, and also offer coverage for hospitalisation, injuries, and major critical illnesses. With these health plans, one can focus on getting adequate treatment rather than worrying about organising funds.
| Type of plan | Basic sum assured | Policy tenure |
| ABSLI Cancer Shield Plan |
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| ABSLI Hospital Plus Plan |
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5 years along with a guarantee of renewal |
| ABSLI CritiShield Plan |
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Aditya Birla Sun Life Child Plans:
Aditya Birla Sunlife Child plans are exceptionally helpful insurance contracts, wherein the youngster’s future is gotten through installments made at significant intersections of his/her life. A few plans likewise offer the choice of premium-installment by the organization in the event that the safeguarded doesn’t endure the strategy tenor.
BSLI Vision Star Plan.
| Plan Type | Basic Sum Assured | Tenure |
| Vision Star | Rs.1,00,000 | 14 & 16 years |
Aditya Birla Sun Life Retirement Plans:
The Aditya Birla Sun Life retirement plans are intended to turn out consistent revenue for senior residents who are not working any longer. The plans pay out fixed benefits at strategy development or retirement, while likewise paying demise benefits as material to the specific arrangement.
ABSLI Empower Pension Plan.
- ABSLI Immediate Annuity Plan.
- ABSLI Empower Pension- SP Plan.
Aditya Birla Sun Life Wealth With Protection Plans:
- ABSLI Wealth Max Plan : An insurance plan with speculation choices that cater towards abundance insurance with ensured increases and a daily existence cover that is never under 105% of the complete expenses paid.
- ABSLI Wealth Secure Plan: A life protection plan that guarantees monetary administration stays ideal through the decision of a speculation choice and furthermore gives entire life cover.
- ABSLI Wealth Assure Plan: A life insurance plan that provides the invested fund value upon maturity on survival and death benefit that includes the sum assured as well as fund value.
- ABSLI Fortune Elite Plan: An insurance plan that allows the client to pick a speculation choice to take into consideration most extreme security of riches and furthermore gives a day to day existence cover.
- ABSLI Wealth Aspire Plan: it is a unit-connected insurance plan that offers different contract term choices as well as top-up increments. Incomplete withdrawals can likewise be made.
| Plan Type | Basic Sum Assured | Tenure |
| Wealth Max | 1.25/5/10 times basic premium | 5,10,15 & 20 years |
| Wealth Secure | lifetime | |
| Wealth Assure | Rs.1,00,000 if paid annually Rs.1,80,000 if paid monthly | 10,15,20,25 & 30 years |
| Fortune Elite | Rs.4,00,000 | 5,10,15 & 20 years |
| Wealth Aspire | Rs.3,00,000 | 10-40 years |
Aditya Birla Sun Life Rural Insurance Plans:
- ABSLI Bima Dhan Sanchay.
- ABSLI Bima Suraksha Super.
- ABSLI Bima Kavach Yojana.
- ABSLI Grameen Jeevan Raksha Plan.
| Plan Type | Basic Sum Assured | Tenure |
| Bima Dhan Sanchay | Rs.5,000 | 5,10 & 15 years |
| Bima Suraksha Super | Rs.5,000 | 5,10 & 15 years |
| Bima Kavach Yojana | Rs.50 | 3 years |
| Grameen Jeevan Raksha | 20 times single premium | 5 years |
Aditya Birla Sun Life Insurance Group Plans:
- Group Value Plus Plan: it is a gratuity solution plan that provides a number of plan options based on individual needs.
- Group Unit Linked Plan: it is a gratuity solution plan that offers 10 investment fund options and added benefits up to 5% of the initial contribution.
- Group Superannuation Plan: it is an insurance plan providing multiple investment options.
- Group Asset Assure Plan: it is a non-linked, non-participating plan insurance plan providing flexible premium payment options and multiple benefit options.
Aditya Birla Sun Life Insurance Claims Process:
With the aim of providing policyholders with a hassle-free claims process, has set up an easy-to-understand and detailed claims process. Policyholders can file a claim either online or offline, based on their convenience.
Online Claims Process:
Policyholders who wish to record a case online can insinuate the organization by sending an email to the Cases Division, referencing the strategy number as well as the policyholder’s subtleties, for example, name, address, date of birth and so on.
- On the other hand, policyholders can likewise advise Aditya Birla Sun Extra security by visiting the site and filling a web-based guarantee insinuation. On the Aditya Birla Sun Extra security landing page, inquirers should tap on the ‘Cases’ choice and select the ‘Cases Interaction’s tab, from where they can record a web-based implication.
- When the case has been validated and checked by the Cases Group, a choice is taken regarding whether the case will be acknowledged or dismissed.
- Payouts for acknowledged claims are produced and the recipient is sent an insinuation as well as the payout.
Offline Claims Process:
- Policyholders can visit an Aditya Birla Sun Disaster protection branch or office and record a case by finishing up a Case Structure.
- The structure and pertinent documentation would be investigated and confirmed by the Cases Group, following which a choice would be taken.
- Assuming that the case is acknowledged, the payout would be produced and delivered and the recipient would be hinted with respect to something very similar.
Aditya Birla Sun Life Claim Settlement Ratio:
Aditya Birla Sun Life Insurance’s claim settlement ratio for the past two financial years is given below:
| Year | Claim Settlement Ratio (%) | Total Premium (in crores) |
| 2013-14 | 87.76 | 4,833.05 |
| 2014-15 | 95.3 | 5,233.22 |
| 2015-16 | 88.45 | 5,579.71 |
| 2016-17 | 94.69 | 5,723.96 |
| 2017-18 | 96.38 | 5,903.00 |
Documents Required for Aditya Birla SunLife Insurance:
Persons who wish to purchase a Aditya Birla Sun Life Insurance policy are required to submit a list of documents to verify their identity and personal details. The documentation to be submitted is as follows:
- Recent passport-sized photograph.
- Proof of identity: any 1 of the below mentioned documents can be submitted towards proof of identity:
- Passport.
- Driving licence.
- PAN card.
- Aadhaar card.
- Voter’s identity card.
- Job card issued by NREGA, signed by a State Government officer.
- Proof of residence: Any one of the below mentioned documents are to be submitted towards proof of residence.
- Property tax or municipal tax receipt.
- Bank account or post office account statement.
- Rent agreement.
- Utility bills (electricity, gas, telephone) not more than 2 months old.
- Letter of allotment or accommodation from State or Central government, financial institutions or listed companies.
Checking Aditya Birla Sun Life Insurance Policy Status:
Checking the situation with an Aditya Birla Sun Life coverage strategy has been simplified and more helpful with the organization offering policyholders various channels. Policyholders can check the situation with their extra security strategy through the accompanying techniques referenced underneath.
Checking Policy Status Online:
Policyholders can check the situation with their Aditya Birla Sun Disaster protection arrangements online by enlisting on the guarantor’s landing page.
On enlistment, policyholders can sign in to their records and snap on the ‘Arrangement Subtleties’ tab from the choices recorded.
The ongoing status of the arrangement being referred to will be shown onscreen.
Policyholders can likewise email the insurance agency to get subtleties regarding the situation with their arrangements.
Policyholders should give data, for example, the policyholder’s name, date of birth, address, strategy number and so on in the email.
Checking Policy Status Offline:
Policyholders can likewise approach the complementary number given by Aditya Birla Sun Life Insurance to get subtleties on the ongoing status of their disaster protection arrangements. The complementary number is adjusted during working hours from Monday to Friday.
Policyholders should give their name, strategy number and extra data for verification purposes.
Aditya Birla Sun Life Insurance Online Payment:
To make it simpler for policyholders to make their top notch installments on time and guarantee that the installment channel is secure, Aditya Birla Sun Life has presented internet based premium installments. Through this channel, policyholders can make their exceptional installments any place they are and guarantee they don’t miss an installment and cause a punishment.
Policyholders who wish to benefit of this assistance can follow the methodology given beneath:
- Visit the Aditya Birla Sun Life coverage site and snap on the ‘Pay Premium’ choice under the ‘Speedy Connections’ part.
- Enter the approach number and the guaranteed’ date of birth, email address and versatile number and snap on ‘Submit’.
- Affirm the sum to be paid as premium and pick a superior installment choice.
- Complete the exchange through the chose installment choice.
- An affirmation of the exchange will be shown on screen, affirming the installment.
Aditya Birla Sun Life Insurance Premium Calculator:
Putting resources into life coverage is a drawn out plan for most policyholders, and comes at a tremendous expense regarding premium installments. To guarantee that policyholders know about the sum they would need to pay as top notch all through the strategy term, Aditya Birla Sun Life coverage has planned a superior number cruncher.
The number cruncher processes the sum that would need to be paid as premium for a specific strategy in view of specific elements and factors.
This helps people spending plan and plan for this customary cost, as well as pick strategy terms that will suit their monetary condition.
The Aditya Birla Sun Life Premium Number cruncher can be tracked down on the safety net provider’s site and requires the person to enter specific fundamental subtleties, for example, date of birth, orientation, wanted life cover (in Rupees) and in the event that they are a smoker/no-smoker.
The premium is then determined in light of the data gave.
Aditya Birla Sun Life Insurance Customer Care:
With regards to protection, post deals administration can represent the moment of truth the standing of an organization. Having total comprehension of this, Aditya Birla Sun Life has laid out a committed client service group which is dependable just for helping policyholder with all their strategy related inquiries and complaints. With an end goal to give most extreme comfort to their clients, the safety net provider has set up not just an extraordinary complementary helpline for clients inside and outside India, yet in addition set up an email ID where clients can coordinate all their strategy related questions. Clients can likewise utilize the branch finder administration on the site to find the closest BSLI branch and meet a client care colleague. Notwithstanding these administrations, BSLI has likewise set up various self-administration choices on their site for extra security strategy holders. Clients can without much of a stretch deal with all significant parts of their strategy utilizing choices on the site, for example, installment of charges, update contact subtleties, change premium installment recurrence, buy into get e-proclamations, track their application, figure out the cases technique, buy into cautions, and give criticism. There is likewise on an internet based visit administration where client can present their inquiries and will be offered prompt help.
Aditya Birla Sun Life Insurance FAQ’s:
- What is the minimum eligibility criteria when applying for a Aditya Birla Sun Life Insurance policy?
- Individual ought to be inside the age range as characterized by the strategy.
- Individual ought to have the option to make the exceptional installments for the arrangement residency.
- Individual ought to meet some other prerequisites as characterized by the arrangement being referred to.
- What is the procedure to renew my life insurance policy?
If you wish to renew your life insurance policy, you will have to make the premium payment and communicate the same to the company through email/a letter whereupon the policy will be renewed.
How do I cancel my Aditya Birla Sun Life Insurance policy online?
You can cancel your Aditya Birla Sun Life Insurance policy online by filling in the Surrender Form and submitting it as well as ceasing all premium payments.
- How do I generate the e-receipt for my Aditya Birla Sun Life Insurance policy?
The e-receipt can be generated by filling in details requested in the ‘Premium Paid Certificate’ link, which can be found on the company’s homepage.
- How do I contact Aditya Birla Sun Extra security client care?
The client administrations group can be reached through email, by approaching the complementary number (1-800-270-7000) from Monday to Friday or by visiting an Aditya Birla Sun Extra security branch office.
- To whom is the case sum paid?
Guarantee sums are dispensed to the candidate/chosen one/representative under Aditya Birla Sun Life arrangements.
- How might a credit at any point be taken against an Aditya Birla Sun Life strategy?
When the strategy has procured Give up Worth, a credit can be taken against it. Each approach has different credit sums that can be taken relying upon the strategy.
- How is the NAV determined for adjusting demands?
NAV is determined at the hour of making valuation/buy. It’s determined around the same time as when you make an exchange demand.
- What is a switch concerning my ULIP, and how might I utilize this office?
A switch is the point at which you shift the current units of the ULIP into another asset, which doesn’t change your exceptional designation. To switch, you should: Update the asset data on the Aditya Birla Sun Life site utilizing your CIP/TPIN, Present a switch structure endorsed by you, Call the organization to take the switch demand.
- What is a redirection concerning my ULIP, and how might I utilize this office?
Premium redirection empowers you to change the portion for all your future strategy premium installments with your current units being moved to another asset. To start a redirection, you should: Update the asset data on the Aditya Birla Sun Life site utilizing your CIP/TPIN, Present a redirection structure endorsed by you, Call the organization to take the redirection demand.
- What are the reports expected to start a compensation out?
- Appropriately filled Payout/Undoing structure.
- Unique strategy archive (besides if there should be an occurrence of Withdrawal).
- Picture ID verification.
- Address confirmation.
- Dropped check.
- Bank passbook/explanation.
- Can riders be added to a strategy that is in force?
Riders can be added after the primary arrangement year.
- How do I drop my Aditya Birla Sun Extra security strategy?
On the off chance that you wish to drop/give up your Aditya Birla Sun Life coverage strategy, or even make a fractional withdrawal against the strategy, you should present the retraction structure alongside the justification for dropping the approach at the closest Birla Sun Extra security branch. You will be expected to present a couple of reports, for example, the first strategy records, your ID confirmation, your refreshed contact subtleties, a dropped really look at for the sake of the safeguarded individual, and the approach scratch-off structure.
- How do I pay my Aditya Birla Sun Extra security premium?
Premium installments towards your Aditya Birla Sun Extra security plan should be possible online effortlessly. You should simply visit the authority site of the organization, pick the ‘Pay Premium Online’ choice and you will be diverted to a page where there will be four moves toward pay your premium on the web. Enter the subtleties required and approve them prior to continuing on toward affirming your determinations. Then, at that point, pick the installment choice you might want to utilize and make the installment.