Absli Vision Life Secure Plan
Key Features:
- Life cover of up to 100 years.
- Receive bonus from the first policy year.
- Flexibility to choose life cover and policy terms.
- Receive death and maturity benefits.
- Flexibility to enhance the coverage from riders such as accidental death and critical illness rider, surgical care rider, hospital care rider, waiver of premium rider.
- Minimum sum assured is INR 2 lakh.
- Minimum annualized premium is INR 12,000.
Why Should I Utilise Premium Calculators Available Online
Although a premium calculator is easy to use, it also saves a lot of time and effort. To receive an Aditya Birla Health Insurance premium quotes, no real papers are necessary. By entering a few simple details such as yearly income, identification, date of birth, and so forth, one may obtain premium quotes for various plans in under two minutes. If a person makes an informed choice, they can buy insurance coverage online without an agent’s help.
Absli Group Capital Assured Traditional Plan
Key Features:
- Helps employers to create a corpus to pay gratuity benefits to their employees.
- This plan covers gratuity, leave encashment and after retirement medical schemes.
- Guaranteed returns where the interest on the investment is declared at the end of every quarter.
- Policy has an in-built life cover of INR 1,000 for every member for superannuation schemes and INR 5,000 per member for other schemes.
- Flexibility to surrender the policy at any given time and receive surrender benefits.
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About Aditya Birla Sun Life Insurance An Aditya Birla Capital Company
Aditya Birla Sun Life Insurance Company Limited is a part of Aditya Birla Capital Ltd . ABSLI was incorporated on August 4th, 2000 and commenced operations on January 17th, 2001. ABSLI is a 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial Inc., an international financial services organization in Canada.
ABSLI offers a range of products across the customers life cycle, including children future plans, wealth protection plans, retirement and pension solutions, health plans, traditional term plans and Unit Linked Insurance Plans .
As of June 2022, total AUM of ABSLI Stood at Rs.6,06,604 million. ABSLI recorded a gross premium income of Rs. 26,197 million in Q1 FY 2022-23 and registering a y-o-y growth of 49% in Gross Premium with Individual Business FYP at Rs 4,498 Mn. ABSLI has a nation-wide distribution presence through 340+ branches, 8 bancassurance partners, 6 distribution channels, over 49,000+ direct selling agents, other Corporate Agents and Brokers and through its website. The company has over 19,500 employees and more than 18 lac active customers.
Aditya Birla Sun Life Insurance Launches Industrys First Instant Policy Issuance Service On Whatsapp
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Aditya Birla Sun Life Insurance , the life insurance subsidiary of Aditya Birla Capital Limited , has announced the launch of Indias first instant policy issuance service on WhatsApp. ABSLI has partnered with Gupshup, a leading conversational engagement platform, Meta-owned WhatsApp, the worlds most popular communication channel, and Karza Technologies, one of the largest data analytics, automation, and decisioning solution provider to FIs to launch Indias most advanced customer experience service for insurance applicants.
ABSLI is Indias first life insurance company to provide an end-to-end journey of life insurance products on WhatsApp. Gupshups conversational engagement solutions along with Karza APIs fulfill KYC, and enable services such as quote generation, premium payment, and underwriting, entirely on WhatsApp on a real-time basis. It also includes functionalities such as mobile number validation, and face & name match as in-built security features eliminating the possibility of any fraud during the journey. At present this service is offered to ABSLIs existing customers.
Gaurav Samdaria, Co-Founder of Karza Technologies added At a time when there is a rapid need to adapt to ever-changing user behavior, ABSLIs move to use WhatsApp as an acquisition channel is definitely progressive. We are delighted to be their partner of choice for onboarding automation and deepen our engagement with the Aditya Birla Group.
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What Is A Free Look Period Does Aditya Birla Sun Life Insurance Provide A Free Look Period
Yes, Aditya Birla Sun Life Insurance offers a free look period. In fact, they were the first insurance company to introduce the idea of free look period that was later made mandatory by the IRDAI.
Free look period is the time during which you can hold a particular insurance policy and then give it back if you want to. This period lasts for 15 days since the time you receive the policy. This period is applicable to all types of policies. You will get a refund of the premium that you would have paid. This amount will be ascertained after subtracting the medical expenses, stamp duty, and the proportionate risk premium.
About Aditya Birla Capital
Aditya Birla Capital Limited is the holding company for the financial services businesses of the Aditya Birla Group.
ABCLs subsidiaries have a strong presence across Protecting, Investing and Financing solutions, ABCL is a universal financial solutions group catering to diverse needs of its customers across their life stages. Powered by more than 33,500 employees, the subsidiaries of ABCL have a nationwide reach with 1,094 branches and more than 2,00,000 agents / channel partners and several bank partners.
As of June 30th, 2022, Aditya Birla Capital Limited manages aggregate assets under management over Rs. 3,550 billion, has a consolidated lending book of approx. Rs. 699 billion, and an active customer base of approx. 39 million, through its subsidiaries and joint ventures.
Aditya Birla Capital Limited is a part of the Aditya Birla Group, in the league of Fortune 500. Anchored by an extraordinary force of over 140,000 employees, belonging to 100 nationalities. Today, over 50% of Group revenues flow from overseas operations that span 36 countries in North and South America, Africa, Asia, and Europe.
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How Can I Get A Loan On My Aditya Birla Sun Life Insurance
Once your policy has reached surrender value, you can avail a loan against it. You will have to refer to your policy document to find out about the minimum and maximum loan amount that you can apply for. Aditya Birla Sun Life Insurance will charge an interest on the outstanding balance of the loan at a rate that is decided by them.
Absli Group Capsecure Plan
Key Features
- This plan covers gratuity, leave encashment and after retirement medical schemes.
- Guaranteed returns where the interest on the investment is declared at the end of every quarter.
- Get life cover of INR 5,000 for all insured employees.
- Flexibility to surrender the policy at any given time and receive surrender benefits.
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What Are The Advantages Of Selecting Health Insurance That Covers Ayush Treatments
Ayurveda, Yoga, Siddha, Unani, and Homeopathy are some of the prominent alternative healthcare systems today thus, having health insurance with AYUSH treatment coverage from Aditya Birla health insurance will allow you to investigate holistic healing techniques. Additionally, you can enroll in AYUSH treatment coverage as a component of wellness and preventative healthcare.
Absli Saral Jeevan Bima
- Flexibility to choose from two plan options: Assured and self-managed options.
- Any individual aged between 25 years to 70 years can purchase this policy.
- Option to choose vesting date. Vesting date is the time from which one starts receiving their policy benefits.
- Receive guaranteed benefits and loyalty additions.
- Receive death and surrender benefits.
- Regular pay plan where premiums are paid every year till one decides to vest.
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Absli Guaranteed Milestone Plan
- Life coverage with guaranteed financial benefits on death and maturity.
- Option to cover your spouse under the same plan.
- Receive death and maturity benefits.
- Receive 100% of the sum assured in 10 equal annual installments as death benefit, if the life insured dies during the policy term.
- Flexibility to enhance the coverage from riders such as accidental death and critical illness rider, surgical care rider, hospital care rider, waiver of premium rider.
Aditya Birla Sun Life Insurance Launches Policy Issuance Service On Whatsapp
Aditya Birla Sun Life Insurance , the life insurance subsidiary of Aditya Birla Capital Limited , has announced the launch of Indias first instant policy issuance service on WhatsApp. ABSLI has partnered with Gupshup, a leading conversational engagement platform, Meta-owned WhatsApp, worlds most popular communication channel and Karza Technologies, one of the largest data analytics, automation and decisioning solution provider to FIs to launch this service for insurance applicants.
Kamlesh Rao, MD & CEO of Aditya Birla Sun Life Insurance said, Today the customer is increasingly becoming digital and is available on platforms like WhatsApp hence it was imperative for us to be where our customers are. Further, providing an end-to-end journey of life insurance products on WhatsApp would make the insurance buying process significantly simple, secure and seamless. It certainly would help towards increasing the insurance penetration among the technology savvy generation.”
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Absli Group Income Replacement Plan
Key Features
- Provides regular and steady income benefits with multiple options.
- Any new member can be added by paying a pro-rata premium.
- Master policyholders can increase or decrease the cover amount of the members.
- The sum assured coverage varies as per employeesâ grade or their salary levels.
- Offers regular income in case of any diagnosis of critical illnesses or any accidental disability.
About Birla Sun Life Insurance Company
Birla Sun Life Insurance Company is a joint venture between the Aditya Birla Group and Sun Life Financial Inc of Canada and was established in India in the year 2000.Aditya Birla Group has established a strong financial presence in India through Aditya Birla Financial Services Group with expertise in a wide array of products which include wealth management, consumer finance, broking, lending and private equity. The Aditya Birla Group is common and trusted name in India with decades of presence in sectors ranging from cement, metals, textile, telecom and retail business to name a few. Sun Life Financial is a Canadian based financial services conglomerate with a major chunk of its business in the insurance domain with a history of over 140 years and hence provides the much needed expertise to this joint venture in India.Birla Sun Life Insurance Company has a vast distribution network of almost 600 branches across India reaching out t more than 1500 towns. The already established companies of the Aditya Birla Financial Services Group give it the expertise and reach to service and add more consumers to the life insurance business. The company has a wide array of life insurance products catering to all aspects of a person’s life from traditional plans to unit linked market plans. They have had Virendra Sehwag and Yuvraj Singh as their branch ambassadors endorsing life insurance products of Birla Sun Life.
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Where Can I Find An Aditya Birla Health Insurance Hospital List Near Me
You can go to the official Aditya Birla website and click on the health insurance category. Now, on the home page of health insurance, you need to scroll down and then you can easily find locate hospital. Click on the same, a separate page will open, wherein you can easily find a nearest cashless hospital in your city.
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What Is The Objective Of An Insurance Repository
The objective of creating an insurance repository is to provide policyholders a facility to keep insurance policies in electronic form and to undertake changes, modifications and revisions in the insurance policy with speed and accuracy. In addition, the repository acts as a single stop for several policy service requirements. The Insurance repository system also brings about efficiency and transparency in the issuance and maintenance of insurance policies.
Aditya Birla Sun Life Insurance
Aditya Birla Sun Life Insurance Company Limited is a part of Aditya Birla Capital Ltd . ABSLI was incorporated on August 4, 2000 and commenced operations on January 17th, 2001. ABSLI is a 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial Inc., an international financial services organization in Canada.
ABSLI offers a range of products across the customers life cycle, including children future plans, wealth protection plans, retirement and pension solutions, health plans, traditional term plans and Unit Linked Insurance Plans .
As of June 2022, total AUM of ABSLI Stood at around Rs.606,604 million. ABSLI recorded a gross premium income of Rs.26,197 million in Q1 FY 2022-23 and registering a y-o-y growth of 49% in Gross Premium with Individual Business FYP at Rs.4090 Mn. ABSLI has a nation-wide distribution presence through 340+ branches, 8 bancassurance partners, over 49,000 direct selling agents, other Corporate Agents, and Brokers and through its website. The company has over 19,500 employees and more than 16 lakh active customers.
As of June 30th, 2022, ABCL manages aggregate assets under management over Rs.3,550 billion, has a consolidated lending book of approx. Rs.699 billion, and an active customer base of over 39 million, through its subsidiaries and joint ventures.
About Sun Life Financial Inc, Canada
Sun Life Financial Inc. trades on the Toronto , New York and Philippine stock exchanges under the ticker symbol SLF.
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What Communications Shall The E
Aditya Birla Sun Life Insurance Bets On Oil Marketing Companies In 2019
Aditya Birla Sun Life Insurance plans to bet more on oil marketing companies in 2019 due to pressure on crude oil prices and valuation in the sector is expected to be attractive ahead of the general elections next year.
The oil prices have dropped more than 30% since October with concerns that supply will exceed demand. As the price of U.S inventories keeps on rising, the price fell below $60 a barrel.
This has prompted the insurance companies to bet more on the oil marketing companies whose margins are expected to rise. Another reason why the insurer is also looking to bet more on these companies is due to the general elections that will take place in 2019. The current government led by Narendra Modi has allowed the oil marketing companies to maintain their margins during a time when the cost of crude oil is rising, by allowing them to pass the cost to the consumer. Narendra Modi is expected to reign in a second term and hence the trend is expected to continue.
The insurance company is also looking to bet on power generating companies as well in the year 2019.
29 November 2018
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Absli Group Unit Linked Plan
Key Features
- Helps employers to create a corpus to pay gratuity benefits and leave encashment benefits to their employees.
- Multiple fund options for investment purposes.
- Offers unlimited switches between funds at zero cost.
- Offers death benefit to the nominee in case of the death of the insured employee.
- Easy management of investment portfolio, fund switches, performance of the funds via web service.
Claim Settlement Ratio Of Aditya Birla Sun Life Insurance
Aditya Birla Sun Life Insurance ranks among the top seven life insurance companies in the country. It also has an experience of over 15 years in the industry. When it comes to claim settlement, the company has one of the best figures in the industry and ensures a hassle-free settlement process. For the fiscal year 2016-17, its claim settlement ratio is as follows:
| No. of claims received |
The following are the documents required to make a non-early claim in case of a natural death:
- Copy of the death certificate issued by the gram panchayat or the municipal authority.
- Statement of the claimant along with KYC-ID Proof/ Proof of Relationship.
- Original policy document or Indemnity bond .
- A cancelled cheque along with NEFT details.
The following are the documents required to make an early claim in case of a natural death:
- Copy of the death certificate issued by the gram panchayat or the municipal authority.
- Statement of the claimant along with KYC-ID Proof/ Proof of Relationship.
- Original policy document or Indemnity bond .
- A cancelled cheque along with NEFT details.
- A certificate issued by the medical attendant.
- Certificate of employment if the life insured is employed.
The following are the documents required to make an early or non-early claim in case of an unnatural death:
The following are the documents required to make an early/non-early claim in case of a waiver of premium death:
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About Sun Life Financial Inc Canada
Sun Life Financial is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life Financial has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2021, Sun Life Financial had total assets under management of CAD 1,445 billion. For more information, please visit www.sunlife.com. Sun Life Financial Inc. trades on the Toronto , New York and Philippine stock exchanges under the ticker symbol SLF.