At a Glance

You strive to give the best of the world to your family. 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

  • 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 pay-out 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.

Illustration1

Age

Gender

Sum Assured

Policy Term

Premium Paying Term

Premium Paid (Per annum) (In Rs.)

Death Benefit (In Rs.)

35

Male

1,00,00,000

35

35

13,400

1,00,00,000


1
For life insured age of 35 years male non-smoker at the time of purchasing the policy with policy term 35 years with regular pay and premium paying term 35 years with plan option selected as Level Term insurance. Additional benefits are available at additional cost. Premium rates are exclusive of GST.
 

Key Benefits


Your Plan Options:

Plan Option 1: Level Cover Option

Under this option, In the unfortunate event of the death of the Life Insured during the Policy Term, Nominee will be paid an absolute amount, equal to Sum Assured on Death, in lump-sum.

Plan Option 2: Increasing Cover Option

Under this option the Sum Assured will increase every year during the Policy Term by 5% or 10% per annum depending on the Sum Assured Escalation Rate selected by the Policyholder at inception. In the unfortunate event of the death of the Life Insured during the Policy Term, the nominee will be paid an absolute amount, in lump-sum. Sum Assured Escalation Rate can either be 5% p.a. (simple) or 10% p.a. (simple).

Plan Option 3: Sum Assured Reduction Option

Under this option Policyholder will have an option to reduce the chosen Sum Assured by 50% or 25% on attainment of Retirement Age as 60 years, 65 years, 70 years or 75 years selected by the Policyholder at inception. On exercising this option, Policy will continue with the reduced Sum Assured till the end of Policy Term. In the unfortunate event of the death of the Life Insured during the Policy Term, the nominee will be paid an absolute amount, in lump-sum.

Plan Option 4: Whole Life Option (Level Cover)

Under this option life cover will be till 100 years of Age. In the unfortunate event of the death of the Life Insured during the Policy Term, Nominee will be paid an absolute amount, equal to Sum Assured on Death, in lump-sum.

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

Under this option life cover will be till 100 years of Age and Policyholder will have an option to reduce the chosen Sum Assured Factor of 50% or 25% on attainment of Retirement Age as 60 years, 65 years, 70 years or 75 years selected by the Policyholder at inception. On exercising this option, the Policy will continue with the reduced Sum Assured till the end of Policy Term. In the unfortunate event of the death of the Life Insured during the Policy Term, the nominee will be paid an absolute amount, in lump-sum.

Plan Option 6: Income Benefit

Under this option, In the unfortunate event of the death of the Life Insured during the Policy Term, the nominee will be paid monthly income, equal to 1.25% of Sum Assured, during the chosen Income Benefit Period of 10 years, 15 years or 20 years. Policyholder will have the choice at inception, to receive Increasing Monthly Income, wherein the monthly income will increase by simple 5% p.a. during the chosen Income Benefit Period.

Plan Option 7: Level Cover plus Income Benefit

Under this option, in the unfortunate event of the death of the Life Insured during the Policy Term, the nominee will be paid Sum Assured in lump sum immediately on the date of death of the Life Insured; plus Level Monthly Income paid over 10 years as 0.5% of Sum Assured, for a period of 10 years.

Plan Option 8: Low Cover Option

Under this option, on death, the nominee will be paid an absolute amount, equal to Sum Assured on Death, in lump sum.

Plan Option 9: Level Cover with Survival Benefit

Under this option, on survival of Life Insured till the policy anniversary falling after the attained age of 60 years, a Survival Benefit equal to 0.12% of Sum Assured, will be paid every month till the end of the Policy Term. In the unfortunate event of the death of the Life Insured during the Policy Term, the nominee will be paid an absolute amount in lump-sum. The absolute amount is the Sum Assured less the Survival Benefit already paid.

Plan Option 10: Return of Premium (ROP)

Under this option, on survival of Life Insured at the end of the Policy term, the total premiums, as defined under Maturity Benefit, will be paid to the Policyholder. In the unfortunate event of the death of the Life Insured during the Policy Term, the nominee will be paid an absolute amount in lump sum.

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) as per the Plan Option chosen by Policyholder.

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. If Policyholder has chosen Increasing Monthly Income the monthly instalments will increase by 5% simple each year throughout the Income Benefit Term

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 on or after the date of death.

In case Terminal Illness claim and/or Accelerated Critical Illness (ACI) Benefit claim has been paid, the Death Benefit shall be reduced proportionately to the extent of reduction in Sum Assured on account of Terminal Illness and/or Accelerated Critical Illness (ACI) Benefit already paid.

Where,

Sum Assured on Death for a Regular Pay and Limited Pay Policy will be the highest of -

  • 11 times of the Annualized Premium; or
  • 105% of Total Premiums paid as on the date of death; or
  • The Effective Sum Assured as on the date of death

Sum Assured on Death for Single Pay Policy will be the highest of -

  • 125% of Single Premium; or
  • The Effective Sum Assured as on the date of death

Survival Benefit

This Plan does not offer any survival benefit except if the Plan Option 9 is opted. If Plan Option 9 is chosen, in the event the Life Insured survives till the Policy anniversary falling after 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 Month Anniversary till the end of the Policy Term or death of the Life Insured whichever is earlier.

Maturity Benefit

This Plan does not offer any maturity benefit except if the Plan Option 10 is opted. 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.

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 Rs. 2 crores, 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.

Accelerated Critical Illness (ACI) Benefit

Accelerated Critical Illness (ACI) Sum Assured will be paid on the first diagnosis of any of the specified critical illnesses during the ACI Benefit Cover Period, provided the Policy is in-force and meets the required ACI terms and conditions.

Please refer to product brochure on our website for applicable exclusions on Accelerated Critical Illness Benefit.

Enhanced Life Stage Protection

As your protection need varies at different life stages owing to occurrence of joyous events such as marriage & birth of children. If you have opted for this benefit at Policy inception, you may opt to increase your life cover (Sum Assured) on occurrence of each listed events without undergoing for any fresh medical examination.

Event

Enhanced Protection
(% of Sum Assured of the Policy)

First Marriage

50% subject to a maximum of Rs. 50,00,000

Child Birth (Two Children)

25% subject to a maximum of Rs. 25,00,000 per child

House Loan
(Once during the Policy Term)

50%, subject to a maximum increase of Rs. 50,00,000


Customisable Benefit:

For added protection

  • ABSLI Accidental Death and Disability Rider (UIN: 109B018V03)
  • ABSLI Critical Illness Rider (UIN: 109B019V03)
  • ABSLI Surgical Care Rider (UIN: 109B015V03)
  • ABSLI Hospital Care Rider (UIN: 109B016V03)
  • ABSLI Accidental Death Benefit Rider Plus (UIN:109B023V02)
  • ABSLI Waiver of Premium (UIN: 109B017V03)

Plan Options

Entry Age

Max Maturity Age

Premium Paying Term

Minimum Policy Term

Maximum Policy Term

Sum Assured

Plan Option: 1 Level Cover Option

Min: 18 years

85 years

Single Pay

5 years

55 years

Min: 30 Lakh

 

Max: 65 years

5 Pay

(PPT + 5) years

Max: No Limit, subject to Board Approved Guidelines

Plan Option: 2 Increasing Cover Option

(Max age 60 years for PPT 20 years

7 Pay

 

 

Max age 54 years for PPT To Age 60)

10 Pay

 

Plan Option: 6 Income Benefit

 

12 Pay

 

 

 

15 Pay

 

Plan Option: 7 Level Cover Plus Income Benefit

 

20 Pay

 

 

 

To age 60

 

 

 

Regular Pay

10 years

 

 

Plan Option: 3 Sum Assured Reduction Option

Min: 18 years

85 years

Single Pay

11 years

55 years

Min: 30 Lakh

Max: 65 years

5 Pay

11 years

Max: No Limit, subject to Board Approved Guidelines

(Max age 60 years for PPT 20 years

7 Pay

(PPT + 5) years

 

Max age 54 years for PPT To Age 60)

10 Pay

 

 

12 Pay

 

 

15 Pay

 

 

20 Pay

 

 

To age 60

 

 

Regular Pay

11 years

 

 

Plan Option 4: Whole Life Option (Level Cover)

Min: 45 years

100 years

Single Pay &

100 minus Entry Age

Min: 30 Lakh

 

Max: 65 years

5 Pay

Max: No Limit, subject to Board Approved Guidelines

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

 

 

 

 

Plan Option 8: Low Cover Option

Min: 18 years

69 years

Single Pay &

1 year

4 years

Min: Rs. 1 lakh

Max: 65 years

Regular Pay

Max: Rs. 20 lakh

 

Plan Option 9: Level Cover with Survival Benefit

Min: 18 years

85 years

Single Pay

70 minus Entry Age

55 years

Min: 30 Lakh

Max: 50 years

5 Pay

Max: No Limit, subject to Board Approved Guidelines

(Max Age 48 years for PPT 12 years

7 Pay

 

Max Age 45 years for PPT 15 years

10 Pay

 

Max Age 40 years for PPT 20 years

12 Pay

 

Max Age 49 years for PPT To Age 60)

15 Pay

 

 

20 Pay

 

 

To age 60

 

 

Plan Option 10: Return of Premium (ROP)

Min: 18 years

85 years

Regular Pay

10 years

55 years

Min: 30 Lakh

Max: 65 years

Max: No Limit, subject to Board Approved Guidelines

 

Disclaimer

“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.”

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. The Insurance product 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.

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 more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. 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 ABSLI Insurance Advisor or visit our website and see how we can help in making your dreams come true. Registered Office: One World Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg Elphinstone Road, Mumbai - 400013. Call Centre: 1-800-270-7000 www.adityabirlasunlifeinsurance.com Reg. No. 109 | CIN: U99999MH2000PLC128110 UIN 109N108V05. ADV/3/20-21/2613

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: 109N108V05 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.

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 customercareindia@dbs.com. Visit us at: www.dbs.com/in

UIN: 109N108V05

 

How to Apply

Apply now for Aditya Birla Sun Life Insurance Digishield Plan
Locate us Visit us at your nearest DBS branch
Call 1860 267 1234 / 1800 209 4555 / +91 44 6685 4555

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