Health Insurance
Housing Finance
Life Insurance
Mutual Funds
Personal Insurance
SME Finance
Stock & Securities
No cover in case of pre-existing diseases diagnosed 48 months before the effective date of the chosen policy.
No terminal illness benefit will be paid if there’s an attempt at suicide or self-inflicted injuries.
No critical illness protection or accidental death benefit is paid out if the death is due to alcohol, hazardous activity, acts of war, or childbirth.
No cover in case of death due to lifestyle diseases as specified in the policy terms and documents.
Pick the plan that best suits your needs from the 10 plan options offered under ABSLI DigiShield
A great option to get the most out of DigiShield Plan with value-for-money add-on benefits that ensure complete protection.
Hear from our customers what they have to say about their experience.
ABSLI Digishield Plan is a type of term insurance that offers extensive coverage to safeguard the policyholder's family from life's uncertainties. This pure-risk insurance plan ensures the financial well-being of the family in the unfortunate event of the policyholder's demise.
With a substantial sum assured and an affordable premium, ABSLI Digishield wants to provide a worry-free financial future for the family, allowing them to pursue their goals without any difficulties.
With ten different options available, the plan provides flexibility to choose the one that fits your needs, ensuring it meets your requirements and safeguards your loved ones from life's uncertainties.
Even if you don't have dependents yet, you may have education or home loans. This plan can ensure that the burden of repaying the loan does not fall on your parents.
If you are newly married or plan to start a family soon, it can provide financial security for your spouse and ensure a better future for them.
If you are a housewife, then this plan ensures financial protection for the family in case of your demise, covering lost income and potential expenses.
If you are the primary earner in your family, it can help replace your income and support your loved ones if you pass away.
If you have young children, the ABSLI Digishield plan can help secure their education, upbringing, and even marriage if you are no longer there.
If you have your own business, you may use it to safeguard your business interests, such as loans, partnerships, or succession planning
If you are a senior citizen, Whole Life Option (Level Cover) covers you till you are 100 years old.
Choose from 10 diverse plans tailored to meet varied protection needs, providing flexibility and coverage up to 100 years.
Ensure the financial well-being of your dependents with multiple payout options - lump sum, monthly income, or a combination of both - in the unfortunate event of your demise.
Experience a stress-free retired life with the unique advantage of receiving guaranteed monthly payouts post attaining the age of 60, a feature uncommon in traditional term plans.
Safeguard your investment with the Return of Premium (ROP) option, allowing you to get all your premiums back in case you outlive the policy term.
Gain comprehensive protection with options such as the acceleration of the base sum assured for terminal illness and the Accelerated Critical Illness Benefit (ACI) covering 42 critical illnesses
Secure your loved ones by including them in the policy with the Joint Life Protection option, while also enhancing overall coverage through multiple rider options.
Minimum Sum Assured – ₹30 lakh
Maximum Sum Assured – No limit, subjected to board approved guidelines
Minimum Sum Assured – ₹1 lakh
Maximum Sum Assured – ₹20 lakh
You pay the entire premium amount for the policy upfront in one lump-sum payment. While expensive, it is also the most convenient, as you do not have to make any further premium payments.
You pay the premium for a set number of years, typically 5, 7, 10, 12, 15, or 20 years. After the limited pay period ends, you no longer need to pay premiums, but the policy remains in force until the maturity date.
You pay premiums on a regular basis, such as monthly, quarterly, semi-annually, or annually, for the entire duration of the policy term. This is the most common, affordable, and flexible premium payment term.
This is the most common payout option, where the death benefit is paid out as a single sum to the nominee. This can provide immediate access to funds to cover living expenses, debts, etc. This payout option is available for ABSLI Digishield plans 1, 2, 3, 4, 5, 8, 9, and 10
The death benefit is paid out as a regular income to the nominee over a specified period, such as 10, 15, or 20 years. This option can provide a steady stream of income to help dependents maintain their standard of living. This payout option is available for ABSLI Digishield Plan No. 6.
A part of the death benefit is paid out as a lump sum amount, and the remaining amount is paid out as a regular income to the nominee. This option can provide both immediate financial support and a long-term income stream. This payout option is available for ABSLI Digishield Plan No. 7.
The death benefit increases over time to keep pace with inflation. This can help ensure that dependents have the financial resources they need to cover their expenses, even as the cost of living rises. This payout option is available for ABSLI Digishield Plan No. 6.
You will typically pay lower premiums if you are younger.
Women typically pay lower premiums than men as their life expectancy is higher.
If you have any health problems, you will likely have higher premiums.
Your lifestyle choices, such as smoking, drinking, and being overweight, can increase your premiums.
Risky professions such as construction, mining, oil exploration, firefighting, etc. will likely have higher premiums.
The type of policy you choose can also affect your premium.
The higher the sum insured, the higher your premium.
There are 10 plan options under Digishield and depending on the option you choose, the premium would be determined.
Gather the required documents: the policy documents, certificates, ID proof, etc.
Inform the insurer about the event by phone, email, website, or visiting a branch.
Fill out and submit the claim forms along with all the required documents.
Track your claim through the website or by contacting customer support.
Once your claim is verified and approved, the payout will be processed.
Yes, both smokers and non-smokers can get this plan. However, the premium may change as per the chosen plan, insurer’s age, gender, outstanding policy term, and premium payment term.
Unfortunately, you can’t. Once the plan option has been selected, it cannot be changed at any point during the policy term.
Of the 10 plan options available under ABSLI DigiShield, the Income Benefit Plan is available with Plan Option 6 as well as Plan Option 7. The Income Benefit Period ensures that monthly instalments are given to the nominee after the policyholder’s death. The policyholder can choose between 10, 15, or 20 years as the Income Benefit period before purchasing the policy.
Joint Life Protection is an optional feature where both the Primary Life Insured and the Secondary Life Insured, your spouse, are covered under the same policy. The sum assured for the Secondary Life Insured is usually 50% of the sum assured for the Primary Life Insured.
If you cannot make your policy premium payment by the due date, you will have a 30-day grace period to do so, keeping your coverage intact. However, if death, terminal illness, or Critical Illness occurs during this grace period, the unpaid premium may be deducted from the policy benefits.
Mauris porta arcu id tortor pulvinar cursus. duis mattis, diam id . sit amet. donec velit massa pharetra.