Aditya Birla Sun Life Insurance Introduces Super Term Plan Offers Life, Health and Income Coverage

Aditya Birla Sun Life Insurance (ABSLI) has introduced the Super Term Plan, a comprehensive solution combining life cover, income continuity, and health support. With flexible benefits and built-in wellness features, the plan caters to evolving customer needs in a single offering.

Flexible Coverage to Suit Every Life Stage

ABSLI’s newly launched Super Term Plan offers life cover, income protection, and health support in a unified policy structure. The plan is designed to provide financial security tailored to customer needs.

The plan provides three flexible coverage options:

• Level Cover: A fixed sum assured is paid on the policyholder’s death. The payout can be received as a lump sum, monthly income, or a combination of both.
• Increasing Cover: The sum assured increases annually by 5% (simple interest), offering growing protection over time.
• Level Cover with Return of Premium: The plan pays a fixed death benefit and returns 100% of the premiums paid if the policyholder survives the term.

The policy includes Enhanced Life Stage Protection, allowing policyholders to increase their sum assured upon key life events such as marriage, childbirth, or home loan acquisition. This option must be selected at policy inception.

Integrated Wellness and Seamless Claim Benefits

A key feature of the Super Term Plan is the inclusion of built-in health management services. These tools help policyholders monitor and manage their health throughout the policy term, reinforcing a preventive approach to wellness. To support families during difficult times, ABSLI has introduced the Instant Payment on Claim Intimation facility. Under this, a specified amount is paid within one working day of claim registration.

Policyholders can choose from three modes for death benefit payouts: lump sum, equal monthly income, or income plus lump sum. Additionally, a Staggered Death Benefit option allows nominees to receive monthly income for five years, which can be converted into a lump sum under the Commutation of Income Benefit.

According to ABSLI, the product has been developed to address the evolving needs of customers who seek a comprehensive solution for life cover, income continuity, and well-being.

Read More: Aditya Birla Sun Life and Equitas SFB Partner for Life Insurance Expansion!

Conclusion

The Super Term Plan from ABSLI brings together flexibility, health support, and timely financial assistance to offer families a well-rounded shield against uncertainties. With customisable benefits and modern claim settlement features, it aims to deliver peace of mind across all life stages.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.