PARAKRAM – Life Insurance Solutions for Indian Defence and Armed Forces Personnel

Our Armed Forces, CAPF & police are our nation’s pride. While our soldiers continue to serve and protect our nation’s freedom, we at Aditya Birla Sun Life Insurance strive to serve them and their families in our capacity as India’s preferred Life Insurance solutions provider. Our resolve and commitment to this cause is further exemplified through the launch of PARAKRAM, an initiative dedicated towards the protection of those who protect us.

Our financial solutions are tailored to address the special needs of the uniformed fraternity and their loved ones with a unique service delivery experience, which is further enhanced by alignment of our standard operating procedures with the defence way of life, to make the whole process hassle-free for our protectors. With our offerings we wish to make a holistic difference in the lives of our uniformed guardians and to their loved ones.

Our unique proposition includes:-

  • iconbullet Insurance cover in war like situations & hostilities
  • iconbullet Using defence medical reports for offering higher non-medical limits for defence personnel in service, basis latest AME (Annual Medical Examination) & PME (Periodic Medical Examination) reports. SHAPE classification built in as a part of the medical underwriting.
  • iconbullet Personalized sales & after sales service by dedicated and trained sales team mainly consisting of ESM’s and their kith & Kin.
  • iconbullet Ease in renewal payment through Electronic Clearance Service (ECS) / National Automated Clearing House (NACH), Direct Debit, Branch Network, and Net Banking.
  • iconbullet Waiver of Death Certificate in case of untimely demise in field location. Claims are processed based on the DO letter from Commanding Officer(CO)/Officer In Charge(OIC).
Choose a plan relevant to your needs
ABSLI Assured Income Plus
Short term investment with long term guaranteed¹ returns.
Income Benefits
Loyalty Additions
Long-term regular income
RoP option
Guaranteed¹ benefits:
₹47.16 lakhs
Give in 12 yrs:
₹1.20 lakhs/yr2
ABSLI Assured Savings Plan
Life insurance cover with guaranteed¹ benefits
Loyalty Additions
Guaranteed¹ returns
Life cover
Cover spouse in same policy
₹40 lakhs3
Give for 10 years:
ABSLI Wealth Aspire Plan
Achieve your financial goals
2 plan and 4 investment option
Partial Withdrawals flexibility
Guaranteed¹ additions
Add Top-ups
You may Get:
₹40,000 for 5 years
Show all

Why Choose Aditya Birla Sun Life Insurance for Defence?

  • iconbullet All type of causalities covered including "War & War like situations"
  • iconbullet Higher non-medical limits basis latest AME (Annual Medical Examination) & PME (Periodic Medical Examination) reports. SHAPE classification built-in as a part of the medical underwriting
  • iconbullet Defence personnel serviced and assisted by a team mainly consisting of ex-servicemen & wards of defence personnel
  • iconbullet Ease in renewal payment through Electronic Clearance Service (ECS) / National Automated Clearing House (NACH), Direct Debit, Branch Network and Net Banking
  • iconbullet Simplified & Quick Claims Process.
  • iconbullet 21 years of excellence in the Life Insurance industry
  • iconbullet 18,00,000+ customers protected

About Aditya Birla Sun Life Insurance

We are among leading life insurers with a legacy to deliver promise and great customer experience. We are a joint venture between Aditya Birla Group and Sun Life Insurance. Our wide range of affordable life insurance products for groups and individuals ensures life and financial protection, retirement, savings and investment, traditional term plan, health and more.

Key Features

  • iconbullet 363 offices assist in buying life insurance
  • iconbullet Simple online purchase process
  • iconbullet 70k+ direct selling agents to guide
  • iconbullet 3-steps online claim process.

Death Claim Track Record for FY 20-21

Average Settlement TAT post receiving all claim documents / requirements (in working days)

Claims Settlement Ratio for Individual Business
3.5 Days
Average settlement TAT for Individual Business
  • Disclaimer

    1 Provided all due premiums are paid.
    2 Scenario: Healthy male age 21 years, premium paying term 12 years, policy term 13 years, benefit payout period 20 years, payment frequency monthly, Assured Benefit Option: Income Only Benefit with Return of Premium, Sum Assured Rs.16.12 lakhs, Premium Rs.9999/- excluding GST), you get Rs.47.16 lakhs by age 54
    3 Scenario: Male, Age: 35 years, Premium Paying Term: 10 years, Policy Term: 26 years, Premium: Rs. 10,000 (premium paid is exclusive of taxes), Guaranteed Maturity benefit: Rs. 40,08,453.
    4 Basic annual premium: ₹40,000. Sum assured: ₹4,00,000, Premium Payment Term 5 years, Policy Term 10 years, Returns ₹301,632/- Refer to policy brochure for more details.
    * As per annual audited figures submitted to IRDAI for the period FY 20-21.
    ABSLI Assured Savings Plan is a non-participating traditional insurance plan (UIN: 109N134V04)
    ABSLI Assured Income Plus is a non-linked non-participating individual life insurance savings plan (UIN: 109N127V05 )
    ABSLI Wealth Aspire Plan is a non-participating unit linked life insurance plan. (UIN:109L100V05)