Product Brief

To protect your family against future uncertainties and to ensure that their dreams are secured even when you are not around, we have introduced Aditya Birla Sun Life Insurance UltimaTerm, an affordable term plan. This plan protects you and your family’s needs and gives them the protection they truly deserve. It offers inbuilt terminal illness, enhanced protection at all key milestones of your life and is also easy on your pocket.


Key Features

  • Option to enhance coverage at key milestones of your life
  • Inbuilt Terminal Illness Benefit
  • Long term insurance protection cover of up to 50 years
  • Multiple options to receive death benefit to meet your changing needs
  • Flexible premium paying terms
  • Enhance your insurance with appropriate riders

Death Benefit:

In case of unfortunate demise of the life insured during the policy term, Death Benefit will be paid to the nominee. Death Benefit is the Sum Assured on death less any previously paid Terminal Illness Benefit. The policy shall be terminated once the Death Benefit is paid. Sum Assured on Death will be highest of –

  • 10 times of the annualised premium for all ages; or
  • 105% of Total Premiums paid as on the date of death; or
  • Absolute amount assured to be paid on death

Annualized Premium shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

Total Premiums paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

Absolute amount assured to be paid on death is the Sum Assured at inception of the policy and shall include any change in Sum Assured arising from the exercise of the Enhanced Life Stage Protection option. The nominee has an option to take the Death Benefit by choosing one of the following options:

  • Lump sum payment or
  • Staggered payment with fixed annual income. In this option the Death Benefit will be paid as
    • One-time payout of 20% of Death Benefit at the time of claim settlement plus;
    • The remaining 80% of the Death Benefit is paid as an annual income. An annual income as a fixed percentage of Death Benefit on each death anniversary of the life insured for the chosen payout term (10 or 15 years) will be payable as shown in the table given below:

      Payout Term% of Death Benefit

Maturity Benefit:




Plan ParametersMinimumMaximum
Age at Entry (years)1865
Age at Maturity (years) 85 years
Policy Term (PT) (years)Limited Pay – 10 to 50 years
Regular Pay – 5 to 50 years
Premium Payment Term (PPT) (years)Limited Pay – 5 years
Regular Pay
Basic Sum Assured (Rs.)1,00,00,000Max. No Limit (subject to underwriting guidelines)
Premium Payment ModeAnnual | Semi-annual | Quarterly | Monthly


DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the Registered office at GF: Nos. 11 & 12 & FF - Nos.110 to 115, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Composite Corporate Agent of Tata AIA Life Insurance Company Limited (IRDA of India Regn. No.110) CIN: U66010MH2000PLC128403 having the Registered office/principal place of business at 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, 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, Royal Sundaram General Insurance Company Limited (IRDA of India Regn.No.102) CIN: U67200TN2000PLC045611 having the Registered office address at No.21, Patullos Road, Chennai - 600002, Bharti Axa General Insurance Company Ltd. having the Registered office address at First Floor Hosto Centre, No. 43, Millers Road, Vasanth Nagar, Bangalore - 560052 and Go Digit General Insurance Limited and having its corporate office at Atlantis, 95, 4th B Cross Road, Koramangala Industrial Layout, 5th Block, Bengaluru, Karnataka 560095. 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 Visit us at:

UIN: 109N121V02


"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 term insurance plan issued under IRDA (Non Linked Insurance Products) Regulations 2013. All terms & conditions are guaranteed throughout the policy term, except for the bonuses which would be declared at the end of each financial year. Goods and Service Tax (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. Tax benefits are subject to changes in the tax laws. For more details and clarification call your ABSLI Insurance Advisor / Relationship Manager or visit our website and see how we can help in making your dreams come true. For more details on the risk factors, terms and conditions please read the sales brochure carefully before concluding the sale. Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance Company Limited) Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. IRDAI reg no.109 CIN: U99999MH2000PLC128110 UIN: 109N121V02 ADV/1/18-19/4032 VER1/DEC/2018


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.

Don’t forget to mention the Advt Number.


How to Apply

Apply now for ABSLI UltimaTerm
Locate us Visit us at your nearest DBS branch
Call 1860 267 1234 / 1800 209 4555 / +91 44 6685 4555

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