Aditya Birla Sun Life Insurance Launched its Salaried Term Plan for Salaried Customers

ABSLI, or Aditya Birla Sun Life Insurance, recently launched its Salaried term plan for salaried customers that allows them to secure their loved ones at affordable premiums for the long term. The plan offers an inbuilt terminal illness coverage and allows you to get enhanced coverage against a variety of 42 critical illnesses as well. You can easily buy the plan from Policybazaar in just a few minutes from the comfort of your home.

What are the Features and Benefits of ABSLI Salaried Term Plan?

Choose from 4 plan options: Life cover, cover with return of premium, fixed income cover, and increasing income cover options

Select from 3 death benefit payout options: lump sum, level monthly income, and increasing monthly income options

The plan provides an inbuilt terminal illness cover

Get coverage against 42 critical illnesses with the plan’s accelerated critical illness cover

The plan offers the chance to get covered under the plan till 70 years of age

Get the option of adding riders to the base plan for enhanced coverage with accidental death rider, accidental death and disability rider, critical illness rider, hospital care rider, waiver of premium, and surgical care rider

The plan offers tax benefits as per the prevailing tax laws u/s 80C and 10(10D)

Note: You should also check the term insurance benefits if you are planning to purchase the term insurance plan.

What are the Eligibility Conditions for ABSLI Salaried Term Plan?

Parameters

Minimum

Maximum

Entry Age

21 years

55 years

Maturity Age

70 years

Premium Pay Term

Regular Pay
Limited Pay for 5, 7, 10, 12, 15 and 20 years

Policy Term

Regular Pay - 10 years
>Limited Pay - PPT + 5 years

49 years

Sum Assured

Rs. 50 Lacs

Rs. 5 Crores

* You can also use a term insurance calculator to get an estimate of the premium amount you need to pay for the desired life cover.

The ABSLI Salaried term plan can help your family members live a financially stable life in your absence. You can check and compare the features offered by the plan to see if it fits your needs and requirements.

Note: Check out the best term insurance plan in India and choose one that suits your requirements.