Policyholders can enjoy one-time discounts of up to 11%# upon buying this term plan from Policybazaar. Understanding the ABSLI Income Suraksha Plan, its benefits and available discounts can significantly enhance your financial planning. Let’s explore these details further.
What is Aditya Birla Sun Life Insurance (ABSLI) Income Suraksha Plan?
The Aditya Birla Sun Life Insurance (ABSLI) Income Suraksha Plan is a term insurance policy designed for salaried individuals. It ensures your family receives a steady monthly income if something happens to you during the policy term, helping them manage finances during tough times.
You can choose between two protection options: the Fixed Income Protection, which provides a consistent monthly payout, or the Increasing Income Protection, which offers a monthly amount that grows by 5% each year. This annual increase helps your family keep up with inflation. With its flexibility and comprehensive coverage, this term insurance plan effectively meets your family’s financial needs throughout the policy term.
What are the Discounts# available in ABSLI Income Suraksha Plan?
The one-time discounts available in the Insurance Income Suraksha Plan offered by Aditya Birla Sun Life Insurance are:
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Up to 11% Discount# for Salaried Individuals:
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First-Year Discount: Enjoy a 7% discount on your premium in the first year, making it more affordable to secure your family’s financial future.
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Special Online Discount: Receive an additional 4% discount# when enrolling online. This means you can save 11% on your premium, helping you provide essential protection without straining your budget.
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Exclusive 13% Discount# for Female Customers:
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First-Year Discount for Women: Female policyholders benefit from a 9% first-year discount. This recognition acknowledges the vital role women play in financial planning.
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Online Enrollment Bonus: Like salaried individuals, female customers can also access a 4% online discount, bringing the total savings to 13%. This tailored approach aims to empower women to ensure their families' financial security with this life insurance plan.
What are the Features of ABSLI Income Suraksha Plan?
Here are the key features of the ABSLI Income Suraksha Plan:
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Offers financial security for your family in case of unexpected events like your sudden death.
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Choose from two plan options to customize your protection with this Aditya Birla Term Insurance plan:
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Flexibility to choose either a Limited or Regular Premium Payment Term.
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Option to add extra coverage with optional riders for additional protection.
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Tax Benefits under applicable sections of the Income Tax Act of 1961.
*Note: Aditya Birla Sun Life Insurance Claim Settlement Ratio (CSR) for FY 2022-23 is 98.40% and the solvency ratio is 1.78, thereby making it an ideal choice for customers to buy term plan from.
How to Buy ABSLI Income Suraksha Plan From Policybazaar?
The ABSLI Income Suraksha Plan is currently available on Policybazaar’s platform.
Here are the steps to buy the Aditya Birla Sun Life Insurance Income Suraksha Plan from Policybazaar:
Step 1: Visit Policybazaar’s official site and click on “Term Insurance.”
Step 2: Fill in your name, contact information, gender, and date of birth.
Step 3: Provide details about your job type, annual income, education, and smoking or tobacco use.
Step 4: Choose the Aditya Birla Sun Life Insurance Income Suraksha Plan from the list of options.
Step 5: Pay using your preferred method to finalize the process.