How does my nominee claim the death benefit?

The nominee needs to submit a death certificate, policy documents, and any required forms to the insurer. After verification, the payout is processed.

How much coverage should I get?

A good rule of thumb is to have coverage that is 10-15 times your annual income, but the exact amount depends on factors like debts, living expenses, and future financial goals.

Can I increase my coverage later?

Some insurers allow policyholders to enhance coverage at key life stages (marriage, childbirth) through step-up options. Otherwise, a new policy may be needed.

Does the Aditya Birla Salaried Term Plan cover accidental death?

Yes, the plan offers an Accidental Death Benefit rider, providing an additional payout if the insured dies due to an accident.

Are there any add-ons available with the Aditya Birla Salaried Term Plan?

Yes, the plan offers optional riders such as the Accelerated Critical Illness Benefit and Terminal Illness Benefit, which can be added for enhanced coverage.

What is the claim process for the Aditya Birla Salaried Term Plan?

The claim process involves three steps: submitting basic policy details, providing cause of death/event information, and submitting relevant documents.

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Term Insurance

Aditya Birla Salaried Term Plan

Compare Aditya Birla Salaried Term Plan benefits, exclusions, ratings and related variants in one place.

1.78

Solvency

97.54%

ICR

14.55%

Growth

46,695.18

AUM

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Our Verdict

Aditya Birla Salaried Term Plan Review: Our Verdict

Final Verdict

ABSLI Salaried Term Plan suits salaried individuals seeking flexible life cover with income options. It offers critical illness benefits and ROP but has a coverage limit of 70 years, restricting lifelong protection.

About

What Is Aditya Birla Salaried Term Plan?

ABSLI Salaried Term Plan is a comprehensive term insurance solution tailored for salaried individuals, offering four distinct plan options: Life Cover, Life Cover with Return of Premium (ROP), Fixed Income Cover, and Increasing Income Cover. It provides life insurance coverage up to age 70, ensuring long-term financial security. Policyholders can choose between lump-sum or monthly income death benefit payouts, with the flexibility to select fixed or increasing income options. The plan includes an inbuilt Terminal Illness Benefit and offers the option to add coverage for 42 critical illnesses through the Accelerated Critical Illness Benefit.

About Company

About Aditya Birla SunLife Insurance

ABSLI is a joint venture between Aditya Birla Capital and Canada based ‘Sun life financial Inc.’. Aditya Birla is the holding company of Aditya Birla group's financial services businesses, through its subsidiaries ABCL provides a comprehensive layout of financial solutions including loans, insurance, payments to cater the customers throughout their lifecycle.Sun Life Financial Inc., commonly known as Sun Life, is a leading international financial services organization headquartered in Toronto, Canada. Established in 1865, the company offers a diverse range of products and services, including life insurance, health insurance, investment management, and retirement planning.Aditya Birla Sun Life Insurance (ABSLI) offers a wide range of insurance plans designed to meet diverse financial goals, including protection, savings, wealth creation, retirement planning, and child education.

Testimonials

Aditya Birla SunLife Insurance Customer Testimonials

Customer feedback and experiences.

I want to sincerely thank Sunad for being there for me throughout the entire claim process. He helped me through so many ups and downs, always patient and ready to support when things got tough. I honestly don’t know how I would have managed without his guidance and encouragement. Sunad made a difficult situation feel a lot less stressful, and I’m truly grateful for his kindness and steadfast help.

Prashant Pandey

Had a great experience with them during a difficult time. After my mother’s accident, we had to pay the hospital bill upfront, as cashless wasn’t available. They guided us through the reimbursement process, helped file the claim, and consistently followed up with the insurer until it was settled. Their support with the post-hospitalization claim was equally prompt and thorough.

Jatin Gala

My heartfelt thanks to the OneAssure team for making my insurance claim process effortless. Right from the very first interaction, they demonstrated professionalism, clear communication, and an impressive command of the procedures involved. Their swift updates, timely guidance, and persistent follow-through removed all the stress from what could have been a complicated experience.

Anju Renjith

I am truly grateful for the support and guidance I received in settling my insurance claim. The entire process was handled with great professionalism, clarity, and efficiency. Their prompt response, deep knowledge of the procedures, and consistent follow-ups ensured a smooth and hassle-free experience.Thank you once again for your invaluable help, highly recommended!

Yogesh Meena

I recently had the pleasure of purchasing health insurance for my parents through this company, and my experience has been exceptional...The team was incredibly patient and took the time to explain every detail to me. No matter how many times I asked questions, they were always calm and thorough in their explanations. Their professionalism and dedication made a significant difference in helping me make an informed decision.

Akash Kumar

OneAssure helped me understand my needs and choose a product that was right for me. There was no pressure tactics or mis-selling. This experience was respectful, informed, and completely stress-free.

Shreya Goyal

Have been associated with Ruchir and his team… They have provided me excellent guidance in choosing the right plans for myself and my family…always been available to assist with any insurance/claim queries.

Nakul N

Had a great experience with OneAssure during my insurance claim process. A special shoutout to Sunad Raj for his exceptional support, he was professional, responsive, and guided me every step of the way. Thanks to his consistent follow-ups and clear guidance, the entire claim settlement was smooth and hassle-free. Highly recommend OneAssure for their service and transparency!

Sanjay Dakalia

The team is very professional and prompt. I would have all my health and life insurance needs met through them.

Harish Jindal

Very professional service from Ruchir & Aman. They were recommended by a friend who had a positive experience with them. I have taken both health and life policies through them and they have advised me well throughout the process and found the best options available in the market. I had a medical condition due to which it was difficult to find a suitable health policy in the market, however this team was able to find one for me. I would recommend their services to anyone looking to buy health or life insurance.

Siddhartha Saha

Wonderful experience with Prost. Right from suggesting the insurance products to claim process the entire experience hai been seamless. They do not mis-sell and are very transparent. Sundar Raj from the team has been wonderful and ensured prompt guidance. All the best Ruchir and keep up the good work!

Adarsh Ravindranathan

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Inclusions and Exclusions

Aditya Birla Salaried Term Plan Inclusions and Exclusions

Terminal Illness

The plan includes an inbuilt Terminal Illness Benefit, providing an accelerated payout if the life insured is diagnosed with a terminal illness.

Zero Cost Option

The provided sources do not mention a Zero Cost Option within the ABSLI Salaried Term Plan.

Inflation Protection Coverage

One of the plan options, Increasing Income Cover, offers a monthly income benefit that escalates annually by a chosen rate (5% or 10% simple interest) to counteract inflation.

Premium Payment Customizations

The plan offers multiple premium payment terms, including Single Pay (one-time payment), Limited Pay (5, 7, 10, 12, 15, or 20 years), and Regular Pay (throughout the policy term).

Exclusions

If the life insured dies due to suicide within 12 months from the policy commencement or revival date, the nominee will receive the higher of 80% of total premiums paid or the surrender value (if applicable), and the policy will terminate.
The Terminal Illness Benefit will not be payable if the condition is caused by intentional self-inflicted injury or suicide attempt, whether medically sane or insane.
Claims arising from self-inflicted injuries or attempted suicide are not covered under accidental death and disability or critical illness riders.
Participation in hazardous activities such as racing, mountaineering, or bungee jumping is excluded from coverage.
Drug abuse, alcohol intoxication, or consumption of narcotics leading to an incident is not covered.

Add ons

Aditya Birla Salaried Term Plan Add-Ons and Riders

Accidental Death

Critical Illness

Aditya Birla Salaried Term Plan Related Variants

Bajaj Life Lifestyle Secure

Kotak Term Insurance Plan

Reliance Nippon Life Protection Plus

Claim Process

Aditya Birla Salaried Term Plan Claim Settlement Process

Steps and flow followed by the insurer.

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Aditya Birla Salaried Term Plan Insurance Premium Calculator

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How to Buy

How to Buy Aditya Birla Salaried Term Plan

Purchase flow from OneAssure.

Things to Remember

Keep KYC documents and nominee details ready before purchase.

Renewal

Aditya Birla Salaried Term Plan Renewal

Renewal steps and key points.

FAQs

Aditya Birla Salaried Term Plan FAQs

Got questions about Aditya Birla Salaried Term Plan? You’re not alone. Here are some of the most commonly asked questions to help you understand this term life plan, coverage, claims, and benefits better.