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ABSLI DigiShield Plan
- Affordable coverage
- Choose from multiple plan options
- Pure protection
How Does ABSLI Digishield Plan Work?
She’s a single mother to Aaryan, a 6-year-old boy who loves robotic toys.
She chose the ABSLI Digishield Level Cover with a Sum Assured of ₹1 crore and a term of 40 years keeping in mind her son’s upbringing and education.
At the age of 54, Preeti passed away due to health complications. Thankfully, she had been paying all her premiums on time.
Her life insurance pays a lump sum of ₹1 crore to her nominee, Aaryan, as the death benefit, and the plan terminates.
With financial security, Aaryan could finish his engineering and even apply for a master's degree in robotics.
He is the sole breadwinner for a family of 4 which includes his wife and two school-going children.
He bought the Increasing Cover option of the ABSLI Digishield Plan with a sum assured of ₹1 crore and a term of 50 years.
Abhay chose an assured escalation of 10%. This means that with every policy anniversary, the sum assured increases by 10%.
At the age of 45, Abhay passed away because of an accident. The value of his life cover in the 7th policy year was ₹1.6 crore.
The family received a lump sum benefit of ₹1.6 crores which took care of their financial needs.
What's Included?
Death Benefit
In case of your demise during the policy term, your nominees or legal heirs will receive a benefit depending on your plan option.
Terminal Illness Benefit
If you fall terminally ill before the age of 80, you will be paid 50% of your Sum Assured and the future premiums will be waived.
Maturity Benefit
You can avail of maturity benefits only under option 10 of this plan. You will receive back all premiums paid in your term after deducting loadings for modal premiums.
Tax Benefit*
You are eligible for an annual tax deduction of up to ₹1.5 lakhs under section 80C. Death benefit payouts are tax-free as well.
Enhanced Life Stage Protection
You can increase your sum assured at important life milestones such as marriage and childbirth with this option free of cost.
Accelerated Critical Illness Benefit
Receive a lump sum of up to 50% of the sum assured on the first diagnosis of a specified critical illness during your policy term after a waiting period of 90 days.
10 Plan Options
Choose from a wide range of 10 plan options as per your and your family’s general and special needs in life.
Life Cover up to 100 Years of Age
You can get covered by the same plan till the age of 100.
What's Not Included?
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.
Choose The Right Plan Option
Note:
1. The premium for ₹1 crore Term Plan starts from ₹542/month under all Plan Options (except Plan Option 8).
2. Premium for Plan Option 8 differs as the maximum sum assured is ₹20 lakh only.
3. Premium amounts for all options will vary depending on multiple factors. Please refer to the policy brochure and details for more information.
Level Cover
₹30 Lakhs to No Limit
Increasing Cover
₹30 Lakhs to No Limit
Sum Assured Reduction
₹30 Lakhs to No Limit
Whole Life (Level Cover)
₹30 Lakhs to No Limit
Whole Life (Sum Assured Reduction)
₹30 Lakhs to No Limit
Income Benefit
₹30 Lakhs to No Limit
Level Cover Plus Income Benefit
₹30 Lakhs to No Limit
Low Cover
₹1 Lakh to ₹20 Lakhs
Level Cover with Survival Benefit
₹30 Lakhs to No Limit
Return of Premium (ROP)
₹30 Lakhs to No Limit
Add Riders for Extra Protection
ABSLI Accidental Death Benefit Rider Plus
ABSLI Waiver of Premium Rider
ABSLI Hospital Care Rider
ABSLI Surgical Care Rider
ABSLI Critical Illness Rider
ABSLI Accidental Death and Disability Rider
Get started with ABSLI Digishield Plan
How to buy?
- Assess your needs and check the plan on the website.
- Carefully go through coverage and exclusions.
- Select the variant that meets your needs and click “Buy Online”.
- Share your details, select coverage, term, etc.
- Make the payment and enjoy your newfound peace.
How to renew?
- Visit the policy renewal page on the website.
- Enter the policy number and personal details.
- Check the renewal amount displayed.
- Make payment via preferred mode and you are done.
- You will receive a confirmation email of the successful policy renewal
How to claim?
- Gather all required documents - policy, death certificate, etc.
- Visit the claims section on the website.
- Provide basic details about the policy and the policyholder.
- Intimate us about your claim in the given format.
- Submit the required documents and we’ll get back to you.
Plan Eligibility
Eligibility Criteria
- Entry Age (age last birthday) 18 to 65 years varies on the plan option selected
- Maximum Maturity Age 69 to 100 years varies on the plan option selected
- Policy Term Limited Pay, Single Pay, Regular Pay depending upon the option selected.
- Premium Paying Term differs from option to option, please refer to the eligibility table below
- Sum Assured varies from plan option selected for the policy
Documents needed
- Proposal form
- Age proof
- Photo identity proof
- Address proof
- Medical report
- Income proof
- PAN/ Aadhaar card
- Any other document depending on the underwriter’s requirements
Customer Satisfaction Stories
Aditya Birla Sun Life Insurance Customer
Due to seamless branch support and timely communication from ABSLI, my maturity payout process was quite smooth.
Aditya Birla Sun Life Insurance Customer
Haryana, India
Aditya Birla Sun Life Insurance Customer
Entire surrender process was quite smooth with timely documentation and payout. Great experience!
Aditya Birla Sun Life Insurance Customer
Gujarat, India
ABCD - One app for
Secure yourself and your loved ones financially with life insurance. Buy online through the ABCD app and get instant coverage.
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Range of insurance policies to choose from -
Online premium payments
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Few clicks to buy the plan
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Understanding ABSLI Digishield Plan
What is ABSLI Digishield Plan?
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.
Who should buy the ABSLI Digishield plan?
Young adults
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.
Married individuals
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.
Housewife
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.
Breadwinners/Working Women
If you are the primary earner in your family, it can help replace your income and support your loved ones if you pass away.
Parents
If you have young children, the ABSLI Digishield plan can help secure their education, upbringing, and even marriage if you are no longer there.
Business owners
If you have your own business, you may use it to safeguard your business interests, such as loans, partnerships, or succession planning
Senior Citizens
If you are a senior citizen, Whole Life Option (Level Cover) covers you till you are 100 years old.
Why choose ABSLI Digishield Plan?
Comprehensive Plan Options
Choose from 10 diverse plans tailored to meet varied protection needs, providing flexibility and coverage up to 100 years.
Financial Stability for Dependents
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.
Unique Retirement Benefit
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.
Premium Refund Option
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.
Critical Illness Protection
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
Family-Inclusive Options
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.
What are the Sum Assured options?
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For ABSLI Digishield plan options: 1, 2, 3, 4, 5, 6, 7, 9, and 10
Minimum Sum Assured – ₹30 lakh
Maximum Sum Assured – No limit, subjected to board approved guidelines
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For ABSLI Digishield plan option: 8
Minimum Sum Assured – ₹1 lakh
Maximum Sum Assured – ₹20 lakh
What are the premium payment options?
Single Pay
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.
Limited pay
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.
Regular pay
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.
What are the payout options?
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Lump sum payout
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
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Income payout
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.
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Combination payout
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.
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Increasing payout
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.
What factors affect the policy premium?
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Age
You will typically pay lower premiums if you are younger.
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Gender
Women typically pay lower premiums than men as their life expectancy is higher.
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Medical History
If you have any health problems, you will likely have higher premiums.
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Lifestyle
Your lifestyle choices, such as smoking, drinking, and being overweight, can increase your premiums.
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Profession
Risky professions such as construction, mining, oil exploration, firefighting, etc. will likely have higher premiums.
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Policy type
The type of policy you choose can also affect your premium.
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Sum insured
The higher the sum insured, the higher your premium.
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Plan option selected
There are 10 plan options under Digishield and depending on the option you choose, the premium would be determined.
What is the claim process for ABSLI Digishield?
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Step 1
Gather the required documents: the policy documents, certificates, ID proof, etc.
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Step 2
Inform the insurer about the event by phone, email, website, or visiting a branch.
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Step 3
Fill out and submit the claim forms along with all the required documents.
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Step 4
Track your claim through the website or by contacting customer support.
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Step 5
Once your claim is verified and approved, the payout will be processed.
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Know MoreABC Of Insurance
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked non-participating individual pure risk premium Life Insurance plan; upon Policyholder’s selection of Plan Option 9 (Level Cover with Survival Benefit) and Plan Option 10 (Return of Premium [ROP]) this product shall be a non-linked non-participating individual life savings insurance plan. All terms & conditions are guaranteed throughout the Policy Term. GST and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. For further details please refer to the Policy contract. Tax benefits are subject to changes in the tax laws. For more details and clarification call your Insurance Advisor or visit our website and see how we can help in making your dreams come true. UIN: 109N108V11
ADITYA BIRLA CAPITAL DIGITAL LIMITED is a corporate agent of Aditya Birla Sun Life Insurance Company under IRDAI Registration No: CA0871 and does not underwrite the risk or act as an insurer.
Registered Address: 18th Floor, One World Center, Tower 1, Jupiter Mills Compound,841 Senapati Bapat Marg, Elphinstone Road Delisle Road, Mumbai Maharashtra 400013. Participation by the ABCD’s clients in the insurance products is purely on a voluntary basis.
The Trade Logo “Aditya Birla Capital” Displayed Above Is Owned By ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) And Used By ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the License. For policies issued on minor life, the date of commencement of risk shall be the date of commencement of the policy. Where a policy is issued on a minor life, the policy will vest after attainment of majority of the Life Insured. Where the Life Insured (whether major or minor) and Proposer/Policyholder is different, on the death of the Proposer/Policyholder, his legal heirs, in accordance with the existing succession laws, will be considered as new Proposer/Policyholder. Tax benefits are subject to changes in the tax laws.
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. Registered Office: One World Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. IRDAI Reg No.109 | Toll Free No. 1-800-270-7000 | Website: https://lifeinsurance.adityabirlacapital.com | CIN: U99999MH2000PLC128110 | UIN:109N108V11| ADV/3/23-24/3909
BEWARE OF SPURIOUS / FRAUD PHONE CALLS!
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.