Aditya Birla Sun Life Insurance Digishield Plan

At a Glance

You are a successful achiever and strive to give the best of the world to your family. Your endeavour is to provide comfort, security and happiness to your loved ones. However, when it comes to planning for unforeseen circumstances, you need a solution that would secure your family’s future and ensure they lead a comfortable life devoid of any financial worries. Aditya Birla Sun Life Insurance has come up with an apt protection solution for you - ABSLI DigiShield Plan, so that your family stays protected, even when you are not around.

Key Features

The following Plan Options are available under this plan to suit your needs:

Plan Option 1: Level Cover Option

Plan Option 2 Increasing Cover Option

Plan Option 3 Sum Assured Reduction Option

Plan Option 4 Whole Life Option (Level Cover)

Plan Option 5 Whole Life Option (Sum Assured Reduction Cover)

 Plan Option 6 Income Benefit

Plan Option 7 Level Cover plus Income Benefit

Plan Option 8 Low Cover Option

Plan Option 9 Level Cover with Survival Benefit

Plan Option 10 Return of Premium (ROP) 

You shall choose one Plan Option at the inception of the Policy. The option once selected cannot be changed later. Premium payable will vary depending upon the Option chosen.

Key Features

• 10 Plan Options to suit your varied protection needs.
• Availability of life insurance cover for 1 year or till age 100 years providing comprehensive financial support.
• Flexible death benefit playout options - as a lump sum, monthly income, or a combination of both
• Option to avail Survival Benefit as Monthly Income on attaining age 60 to ensure a worry-free retired life.
• Return of Premium (ROP) option along with life insurance cover to secure your savings.
• Inbuilt Terminal Illness Benefit.
• Accelerated Critical Illness (ACI) Benefit option covering 42 specified Critical Illnesses, on payment of additional premium.
• Option to cover your Spouse under the same Policy with Joint Life Protection
• Enhance your insurance with appropriate rider options, on payment of additional premium.

Key Benefits

Death Benefit 

In case of unfortunate demise of the Life Insured during the Policy Term, Death Benefit will be paid to the Nominee(s)/legal heir(s)/assignee as per the Plan Option.

For Plan Option 1, or 2 or 3 or 4 or 5 or 8 or 9 or 10: Death Benefit will be the Sum Assured on Death payable in lump sum.

For Plan Option 6: Death Benefit will be payable in monthly instalments as 1.25% of Sum Assured during the Income Benefit Term. The first payment will become due on the first Policy month anniversary on or aer the date of death. If Policyholder has chosen Increasing Monthly Income the monthly instalments will increase by 5% simple each year throughout the Income Benefit Term. Any excess amount of Sum Assured on Death over the Effective Sum Assured, will be paid in lump sum, immediately on death of Life Insured.

For Plan Option 7: Death Benefit will be payable as Sum Assured in lump sum paid immediately plus Level monthly income paid over 10 years as 0.5% x Sum Assured, commencing from the first Policy month anniversary on or aer the date of death. Any excess amount of Sum Assured on Death over the Effective Sum Assured, will be paid in lump sum, immediately on death of Life Insured.

Read sales Brochure for more detailed Information.

Terminal Illness Benefit

In case you are diagnosed with a Terminal Illness during the Policy Term, up to an age of 80 years, provided the Policy is in-force, 50% of the applicable Sum Assured on Death, subject to a maximum of Rs2 Crore, will be paid immediately as a lump sum and future due premiums shall be waived off. On subsequent death of the Life Insured during the Policy Term, the Sum Assured on Death shall be reduced by the amount of Terminal Illness Benefit already paid.

Maturity –  

There is no Maturity Benefit payable for Plan Options 1, 2, 3, 4, 5, 6, 7, 8 and 9. If Plan Option 10 has been chosen, the Total Premiums Paid less loadings for modal premiums, if any will be payable at the end of the Policy Term.

Survival Benefit 

There is no Survival Benefit payable for Plan Options 1, 2, 3, 4, 5, 6, 7, 8, and 10. If Plan Option 9 is chosen, in the event the Life Insured survives till the Policy anniversary falling aer the Life Insured attains an age of 60 years, Survival Benefit of 0.12% of Sum Assured per month is paid commencing with the first Policy Month Anniversary after the event and continuing for each Policy Moth Anniversary till the end of the Policy Term or death of the Life Insured whichever is earlier.

Eligibility Criteria for ABSLI DigiShield Plan

Entry Age (age last birthday)

For Plan Option: 1|2|3|6|7|8|10: 18 to 65 years
For Plan Option: 4|5: 45 to 65 years
For Plan Option: 9: 18 to 50 years

Maximum Maturity Age

For Plan Option: 1|2|3|6|7|9|10: 85 years
For Plan Option: 4|5: 100 years
For Plan Option: 8: 69 years

Premium Payment Term

Disclaimer

DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the registered office at GF: Nos. 11 & 12, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Corporate Agent of Aditya Birla Sun Life Insurance Company Limited. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. DigiShield Plan (UIN:109N108V11) is underwritten by Aditya Birla Sun Life Insurance Company Limited. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank.

“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.” 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. This brochure contains only the salient features of the plan. For further details please refer to the Policy contract. This product shall also be available for sales through online channel. 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 sales.

Aditya Birla Sun Life Insurance Company Limited Registered Office: One World Centre,Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. 1-800-270-7000 www.adityabirlasunlifeinsurance.com IRDAI Reg No.109
CIN: U99999MH2000PLC128110
UIN:109N108V11   ADV/7/23-24/1269

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.

Disclaimer

DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the registered office at GF: Nos. 11 & 12, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Corporate Agent of Aditya Birla Sun Life Insurance Company Limited (IRDA of India Regn.No.109) CIN: U99999MH2000PLC128110 having the Registered office address at One India bulls Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. The ABSLI DighiShield Plan with UIN: 109N108V11 is underwritten by Aditya Birla Sun Life Insurance Company Limited. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank. ISNP registration valid.

The contents and product information of this web site are given strictly for your convenience and is indicative in nature and ‘as is’ received from the Insurer. Nothing contained herein is to be construed as advice, recommendation, offer for a policy or any other assistance. Bank does not guarantee that this website reflects latest amendments/ information at all times or at any time. Bank shall have no liability to the customer for any loss or damage of any kind incurred for reliance on the content and product information available on this website.

DBS Bank India Limited does not underwrite the risk or act as an insurer. The Insurance products are offered and underwritten by respective insurance companies. The contract of insurance is between the insurer and the insured and not between the bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Customers are advised to take independent professional advice before participating. Insurance is a subject matter of solicitation.

For more details on risk factors, terms and conditions, exclusions, please read sales brochure of insurer and policy terms and conditions carefully before concluding a sale. Tax benefits are available as per the prevailing tax laws, which are subject to change. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis.

For any information including cancellation, claims and complaints, please contact our Treasures Relationship Manager or visit DBS Bank India’s nearest branch office or Contact our 24-hour toll free customer service helpline number 1860 267 1234 / 1800 209 4555 or our overseas customer service number 91-44-66854555 or write to us at [email protected]. Visit us at: www.dbs.com/in

UIN: 109N108V11

How to Apply