The Aditya Birla Sun Life Term Insurance Calculator helps calculate the term insurance premiums for the selected plan. The calculator helps simplify complex premium calculations and lets you quickly compare term plan premiums from among different insurers to choose the most suitable plan. Let’s understand the Aditya Birla Sun Life Term Insurance Calculator in detail here.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
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The Aditya Birla Sun Life Term Insurance Calculator is an online tool that allows customers to efficiently estimate the term insurance premium rates of their chosen life cover. By using the ABSLI Term calculator, you can accurately and very quickly calculate your premium and hence, save both time and effort while not having to do complex calculations manually.
Note: Know more about what is term life insurance first before reading this article.
Term Plans
To use the Aditya Birla Sun Life Term Insurance Calculator, you just need to follow the simple steps below:
Step 1: Visit the Term Insurance Calculator Page of Policybazaar
Step 2: Enter the policyholder’s age and gender
Step 3: Enter the policy term and life cover
Step 4: Enter the ‘View Plans’ option and choose the Bajaj Allianz Term Plan from the plan list
Anyone using the Aditya Birla Sun Life Term Insurance Calculator 2024 would need the following information:
Policyholder’s Age and Gender
Selected Life Cover Amount
Duration of the Term Plan
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This term insurance calculator considers factors like age, gender, life coverage, and policy duration to calculate the premium rate. This online tool assists customers in choosing the appropriate plan based on their income and savings. Additionally, the Aditya Birla Sun Life Term Insurance Calculator 2024 facilitates comparisons and analysis of different term and life insurance policies, enabling customers to make well-informed decisions.
An online premium calculator can help one prepare for financial goals by calculating the amount paid as a premium for the term plan.
This online tool is user-friendly, easily accessible, and, most importantly, available online for free.
The premium calculator gives customers detailed information about their chosen insurance product, helping them understand the premium amount needed for their life insurance coverage. Additionally, it assists customers in selecting a plan that fits their budget, income, and savings.
The term plan calculator is user-friendly with an interactive interface. The customer with a vague idea of the policy premiums, sum assured, and duration of the plan can readily determine and understand the policy's workings along with its benefits. The user can also alter the inputs and analyze different outcomes, enabling them to make sound and informed decisions.
The term plan calculator is accurate with exact details, minimizing mathematical errors resulting in reduced human efforts. It keeps the precious policyholders' time to access all the information on the insurer's website.
The ABSL term plan calculator does not charge users for its services and is free of cost.
The following are some benefits of buying an ABSL term insurance policy:
Affordable Premiums: Aditya Birla Sun Life Term Plan offers budget-friendly coverage for a set period, keeping premiums lower even for high life covers.
Financial Security: Aditya Birla Sun Life Term Plan ensures your family receives a death benefit, easing their financial burden in case of your unfortunate passing.
Flexibility: Customize coverage and duration to fit your budget and specific requirements.
Tax Benefits: Enjoy tax deductions on premiums under Section 80C, and tax-free death benefits under Section 10(10D) with this term insurance.
Peace of Mind: Aditya Birla Sun Life Term Plan assures that your family will be financially secure in unexpected situations.
Aditya Birla Sun Life Insurance plans offer affordable premium rates. However, life insurance rates can vary among policyholders based on the type of life insurance they buy. Generally, the premium rates may vary on the basis of the following factors:
Age: Younger applicants typically receive lower premium rates due to their higher life expectancy.
Gender: Women often receive more favorable premium rates compared to men.
*Subject to standard terms and conditions
Sum Assured: Higher sums assured usually result in lower premium rates.
Policy Tenure: Longer policy durations generally lead to lower premium amounts.
Policyholder’s Occupation: High-risk occupations, such as mining, firefighting, etc., may result in higher premium rates.
Premium Payment Term: Term insurance plans with premium payments throughout the policy duration usually have lower premium rates. Limited premium payment insurance plans may entail higher premiums. For insurance plans with a single premium, individuals may pay a higher one-time premium for term insurance.
Note: Check out the best term life insurance in India and choose one that suits your requirements.
An online insurance account usually takes seven days to activate. After activating the online credentials, a welcome kit is sent to the account holder, furnishing its operation details.
No, the online account is provided for free.
The policy number is a nine-digit unique identification number found on the right side of the policy document. It is different for each policy availed by the customer. The policy number helps track the policyholders' records for references.
Client ID is a ten-digit number found on the left side of the policy document. The customers with more than one policy are given a client ID. For customers with multiple approaches, client ID comes in handy as it is easier to remember. It is also helpful as the customer can use the client ID as an alternative if they have multiple policies availed.
The customer can update personal details such as contact address. The policyholders can correct the mobile number by submitting a Policy Service request form to any of the ABSLI branches at a nearby location. The customer must also need the following documents.
The contact number of the policyholder can be updated on the official website of the insurer using CIP/TPIN
A customer can make use of online and offline facilities to buy term insurance. He/She can purchase Term insurance online by visiting the official website of the insurer. The customer can enter his details such as name, gender, mobile number, and sum assured. The insurer will generate a quote containing the premium to be paid based on the customers' inputs. He/She can buy term insurance offline by getting in touch with an advisor.
The nominee mentioned by the life insured in the application form for insurance gets the claim money.
It is recommended to buy a plan early. The premium for the policy increases with age. Usually, the age limit is from 18 years to 65 years.
Please visit the insurer's official website, click on the register tab, and enter the customer ID followed by the email address.
The user can click the link called Forgot username and follow the instructions given by the insurer. The insurer may ask security questions to authenticate the user, after which the new login details are sent to the customer's registered email.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.