Aditya Birla Investment Plans

Frequently Asked Questions

• What types of investment plans does Aditya Birla offer?

  Aditya Birla offers a variety of investment plans, including traditional life insurance plans (with guaranteed benefits) and unit-linked insurance plans (market-linked returns).

• What are the benefits of Aditya Birla's traditional life insurance plans?

  Aditya Birla Investment Plans offer guaranteed returns, death benefit protection for your loved ones, and tax benefits on premiums and payouts under Section 80C and 10(10D).

• What are the risks associated with Aditya Birla's Unit Linked Insurance Plans (ULIPs)?

  Aditya Birla ULIP plans to invest in the market, so returns are not guaranteed and fluctuate based on market performance.

• How do I choose the right Aditya Birla investment plan?

  The best Aditya Birla investment plan depends on your financial goals, risk tolerance, investment horizon, and need for life insurance coverage.

• What are the fees associated with Aditya Birla's investment plans?

  Aditya Birla Traditional plans typically have surrender charges if you exit before the term. ULIPs have premium allocation charges, policy administration charges, and fund management fees.

• Can I invest online in Aditya Birla's investment plans?

  Yes, many Aditya Birla investment plans can be purchased online through Policybazaar or the official website of Aditya Birla Life Insurance Company.

• What are the tax implications of investing in Aditya Birla group investment plans?

  Traditional and ULIP plans offer tax benefits of up to ₹1.5 lakhs on premiums under Section 80C and tax advantages on maturity benefit under Section 10(10D) of the Income Tax Act if annual premium payment is below ₹2.5 lakhs.

• How to pay premium? What are the modes of payment available?

  You can pay your Birla Sun Life Insurance premium through ANY these following methods:

  No Cash Payment is Accepted

  • Online Payment- Debit/credit or NEFT
  • Cheque Payment
  • ECS SYSTEM

  Step 1: Enter your policy details – policy number and policyholders date of birth

  Step 2: Select your payment method- debit/ credit card or NEFT to pay the premium

  Step 3: Authenticate and confirm your payment details and print online payment receipt

• How can I check policy status for Birla Sun Life traditional plans?

  For all Birla Sun Life Insurance policyholders, online checking of policy status is available.

  To check the policy status online, log into the e-portal with your Client ID and password.

• What is the policy renewal process for Birla Sun Life traditional plans?

  The process of Online Policy Renewal facility is as follows;

  Step 1: Log into the e-Portal with your valid credentials

  Step 2: Use the mode of payment to renew your policy

  Step 3: Print the payment receipt

• What is the company’s process to settle claim for Birla Sun Life traditional plans?

  The claims must be lodged after 30 days of the expiry of a medical diagnosis or treatment. This process involves a written intimation by the beneficiaries to the claims department, duly signed by the Municipal Authority/Magistrate.

  Upon receiving the application, Claims Department sends the claimant a required set of documents including claim forms to be duly filled and sent back for processing the same.

• What is the policy cancellation process for Birla Sun Life traditional plans?

  The Birala Sun Life Insurance policyholders must attach all the relevant policy documents along with a duly filled surrender form at any of the branch locations in their city. The surrender value will be calculated as per the prevailing market rates if the form is submitted before 3:00 PM, else the next day’s value is applicable.