In case you are hospitalised to undergo a surgery you will be paid a lump sum amount to cover your expenses.

Aditya Birla Sun Life Insurance Life Shield Plan offers you the flexibility to make a combination from amongst 8 different plan options as per your family's needs so they need not compromise on their lifestyle, even in your absence.

Key Features

  • Complete financial security
  • Worry free goal achievement through Policy Continuance Benefit
  • Choose from 4 investment options

How ULIP Works

Working of a Unit-Linked Insurance Plan is pretty simple. The insurer invests a part of the premium you have paid...

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Plan Options

  • Decreasing Term Insurance

    Policy Year Policy Term (upto 20 years) Policy Term (above 20 years)
    1 to 5 100% 100%
    6 to 10 90% 95%
    11 to 15 75% 90%
    16 to 20 50% 85%
    21 to 25 N.A. 70%
    25 to 30 N.A. 50%
  • Increasing Term Assurance with Waiver of Premium (WOP) Benefits

    In addition to benefit applicable for Option 1, in case you are diagnosed with Critical Illness^ or Total and Permanent Disability^ whichever is earlier, all future premiums, if any, will be waived off and policy will continue till end of policy term.

  • Increasing Term Insurance

    You can choose to enhance your sum assured at inception by 5% / 10% p.a. (simple) as per your needs. Every year, your sum assured will increase by 5% / 10% p.a. (simple) of the original sum assured without any increase in your premium amount.

  • Level Term Assurance

    You can choose to enhance your sum assured at inception by 5% / 10% p.a. (simple) as per your needs. Every year, your sum assured will increase by 5% / 10% p.a. (simple) of the original sum assured without any increase in your premium amount.

  • Death Benefit In case of your unfortunate demise during the policy period, a pre-determined death benefit will be paid to your nominee. The policy will stand terminated once the death benefit is paid.
  • Terminal illness benefit The policy comes with an inbuilt terminal illness cover. In case you’re diagnosed with a Terminal illness during the policy period, 50% of the applicable sum assured on death, subject to a maximum of Rs. 2.5 Crore will be paid immediately and the remaining future premiums on your policy will be waived off.
  • Waiver of premium In case you suffer with total or permanent disability during the policy term, all future premiums will be waived off. The death benefits under the policy will remain unaffected.
  • Return of Premium If you choose Plan Option 7 or 8, the sum total of all premiums paid by you shall be returned to you on policy maturity date in case you survive the policy period.
  • Joint life protection Under this option, two lives, i.e., you (primary life insured) and your spouse (secondary life insured) are covered under the same policy. The Sum Assured applicable for your spouse shall be equal to 50% of your applicable Sum Assured. You can opt for Joint Life Protection for only if Plan Option 1, 2, 3 or 4 is chosen. No rider can be opted under this option.
  • Enhanced life stage protection Your protection needs varies at different lifestages owing to occurrence of events like marriage and birth of children. You can choose to increase the coverage on occurrence of each of the events without undergoing any fresh medical examination.
  • Customisable benefits For added protection, ABSLI Life Shield Plan can be enhanced by following riders for a nominal extra cost:
    • ABSLI Accidental Death and Disability Rider
    • ABSLI Critical Illness Rider
    • ABSLI Surgical Care Rider
    • ABSLI Hospital Care Rider
    • ABSLI Accidental Death Benefit Rider Plus
    You can opt for either ABSLI Accidental Death and Disability Rider or ABSLI Accidental Death Benefit Rider Plus and not both.
  • Entry Age (age last birthday) 18 to 65 years
  • Maximum Maturity Age 80 years
  • Policy Term Minium
    • For Plan Option: 1 | 2 | 3 | 4 | 5 | 6 – 10 years
    • For Plan Option: 7 | 8 or 20 years
    • Maximum 50 years
  • Premium Paying Term Single Pay | Limited Pay – 6, 8 Years | Regular Pay
  • Premium Mode Annual | Semi-annual | Quarterly | Monthly
  • Sum Assured Minimum
    • Maximum Rs. 25,00,000
    • No Limit (subject to underwriting guidelines)

Need help with life insurance?

+91
I agree to the Terms of Usage and Privacy Policy and authorize Aditya Birla Sun Life Insurance Company Limited and its associates to call/SMS/Email/WhatsApp me.

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1800-270-7000 or reach out to us on this number.

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Riders

ABSLI Accidental Death Benefit Rider Plus (UIN:109B023V02)

Get additional protection for accident leading to death at a nominal cost.

ABSLI Accidental Death and Disability Rider (UIN: 109B018V03)

Get additional protection for accident leading to death or disability at a nominal cost.

ABSLI Critical Illness Rider (UIN : 109B019VO3)

Get benefit amount as a lumpsum upon diagnosis of any of the 4 specified critical illnesses.

ABSLI Hospital Care Rider (UIN: 109B016V03)

Get daily cash benefit, additional ICU benefit and lumpsum recuperating benefit upon hospitalization

ABSLI Surgical Care Rider (UIN: 109B015V03)

Get lump sum benefit amount to cover surgical expenses

  • Decreasing Term Insurance

    Policy Year Policy Term (upto 20 years) Policy Term (above 20 years)
    1 to 5 100% 100%
    6 to 10 90% 95%
    11 to 15 75% 90%
    16 to 20 50% 85%
    21 to 25 N.A. 70%
    25 to 30 N.A. 50%
  • Increasing Term Assurance with Waiver of Premium (WOP) Benefits

    In addition to benefit applicable for Option 1, in case you are diagnosed with Critical Illness^ or Total and Permanent Disability^ whichever is earlier, all future premiums, if any, will be waived off and policy will continue till end of policy term.

  • Increasing Term Insurance

    You can choose to enhance your sum assured at inception by 5% / 10% p.a. (simple) as per your needs. Every year, your sum assured will increase by 5% / 10% p.a. (simple) of the original sum assured without any increase in your premium amount.

  • Level Term Assurance

    You can choose to enhance your sum assured at inception by 5% / 10% p.a. (simple) as per your needs. Every year, your sum assured will increase by 5% / 10% p.a. (simple) of the original sum assured without any increase in your premium amount.

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Need help with life insurance?

+91
I agree to the Terms of Usage and Privacy Policy and authorize Aditya Birla Sun Life Insurance Company Limited and its associates to call/SMS/Email/WhatsApp me.

Thank you for your details. We will reach out to you shortly.

1800-270-7000 or reach out to us on this number.

Thank you for your details. Currently we are facing issue in our system.

1800-270-7000 or reach out to us on this number.