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Aditya Birla Sun Life Insurance Company Limited

ABSLI Salaried Term Plan

Buy online and get additional 4% discount on all premiums

Buy ₹1 Crore Term Insurance at Just ₹508/month^*

What is ABSLI Salaried Term Plan?

ABSLI Salaried Term Plan is an exclusive comprehensive protection solution designed for Salaried individuals. It gives you the freedom to design your own plan that suits your protection needs. This plan offers the flexibility of a Lumpsum Cover & Monthly Income Cover options. Be it education, lifestyle, or day-to-day needs, this pure risk term plan is crafted to provide unwavering financial support, allowing your family to stride confidently into the future, even when you're not there!

Key Features

Diverse array of 4 Plan Options to match your varied protection requirements.

Life insurance coverage spanning upto Age 70, offering holistic financial security

Versatile options for Death Benefit payouts to choose for: Lump-Sum or Monthly Income

Additional Protection With Inbuilt Terminal Illness Benefit

Accelerated payout in case life insured is diagnosed with any of the 42 specified critical illnesses by choosing Accelerated Critical Illness Benefit.

Brochure Leaflet Policy Contract

Benefits of ABSLI Salaried Term Plan

A flexible term plan to suit your protection needs

Death Benefit

In case of unfortunate demise of the Life Insured during the Policy Term, Death Benefit will be paid to the Nominee(s)/legal...

Terminal Illness Benefit

In case you are diagnosed with a Terminal Illness during the Policy Term, up to an age of 70 years, provided the Policy is in-force, 50%...

Plan Options

You shall choose one Plan Option at the inception of the Policy. The option once selected cannot be changed at a later date. Premium payable will vary depending upon the Option chosen.

Life Cover

Option 1

Under this option, In the unfortunate event of the death of the Life Insured, anytime during the Policy Term, the Nominee(s)/legal...

Life Cover with ROP

Option 2

Under this option, In the unfortunate event of the death of the Life Insured, anytime during the Policy Term, the Nominee(s)/legal..

Term Plan with Riders offer Added Protection

You can enhance your insurance coverage during the Policy Term by adding following riders for a nominal extra cost. You can only opt for either ABSLI Accidental Death and Disability Rider or ABSLI Accidental Death Benefit Rider Plus. Please refer to detailed brochures on riders, consult your financial advisor or visit our website for further details.

ABSLI Accidental Death and Disability Rider

(UIN: 109B018V03)

provides 100% of Rider Sum Assured as an additional lump sum amount in case of death due to accident of Life Insured or in the event of disability due to accident.

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ABSLI Critical Illness Rider

(UIN: 109B019V03)

provides lump sum on survival of 30 days from the date of diagnosis of any of the specified critical illnesses.

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ABSLI Hospital Care Rider

(UIN: 109B016V03)

This rider provides 100% of Rider Sum Assured as an additional lump sum amount in case of death due to accident of Life Insured. Additionally, the rider premiums collected aﬅer the date of Accident till date of death, shall be refunded with interest, along with death benefit payable. This rider is only applicable for a Life Insured aged 18 years & above and the rider policy term cannot exceed the base policy term.

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How does this Plan work?

Use Case 1

Use Case 2

Mr. Sharma a non-smoker, aged 35 years, opts for ABSLI Salaried Term Plan – Life Cover (option 1) for sum assured of ₹1 Cr

He chose policy term of 30 years and premium payment term of 30 years

He dies during the 25th Policy year.

In this scenario, his Nominee is paid a lump-sum equal to Rs. 1 crore and the Policy terminates.

Term Plan Exclusively For Salaried Individuals

Get Life Cover Upto 70 Years

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What's not Covered under ABSLI Salaried Term Plan?

How to initiate Claim?

3 quick steps, everything online.

Fill basic details

Claim intimation

Document submission

More About Claims

This Policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life insurance plan. All terms & conditions are guaranteed# throughout the Policy Term. GST and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. This brochure contains only the salient features of the plan. For further details please refer to the Policy contract. This product shall also be available for sales through online channel. Tax benefits are subject to changes in the tax laws. For more details and clarification call your ABSLI Insurance Advisor or visit our website and see how we can help in making your dreams come true. Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details. *LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Premium paying term: 10 years, Annual Premium: ₹ 5900/- ( which is ₹ 491.66/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates. #Provided all due premiums are paid (UIN:109N141V01) ADV/12/23-24/2948

ABSLI Salaried Term Plan

What is ABSLI Salaried Term Plan?