ABSLI Easy Protect Plan

ABSLI Easy Protect Plan is the perfect protection solution to help our customers to meet their families expectations and financially protect them when you they are not around.

• This is a traditional term insurance plan.
• Complete financial protection at an affordable cost
• Two plan options to suit your protection needs
• Rewards for a healthy lifestyle

• An affordable plan to provide protection against any eventualities of life.
• The plan provides option to enhance your sum assured by 5% or 10% every year without any change in your annual premium.
• Two plan options to suit your protection needs-level term assurance and increasing term assurance.

• Death Benefit:

1. In the event of the unfortunate demise of the life insured during the policy term, the sum assured applicable on the date of death will be paid to the nominee.
2. The policy shall be terminated once the Death Benefit is paid.

• Maturity Benefit:
  No maturity benefit is payable under this plan.

• Surrendering your Policy:
  There is no surrender benefit offered for regular pay under this plan. However for Single pay, your policy will acquire a surrender value immediately after the policy issuance.
• Level Term Assurance:
  Your sum assured will remain constant for the entire policy term.
• Increasing Term Assurance:

1. You can choose to enhance your sum assured by 5% or 10% at inception depending upon your needs.
2. Every year, your sum assured will increase by 5% or 10% of the original sum assured without any increase in your premium amount.

• Taking a Policy Loan:
  There is no loan facility in this plan.
• Grace Period and Revival:
  If you are unable to pay your premium by the due date, you will be given a grace period of 30 days (15 days for monthly mode) and during this grace period, all coverage under your policy will continue. You can reinstate your policy for its full coverage within two years from the due date of the first unpaid premium by paying all outstanding premiums together with interest.
• Paying Premiums:

1. You can pay your premium annually and monthly (only by ECS) mode.
2. The plan offers an automatic premium reduction for women, Non-Smoker or Preferred Non-Smoker

Not Available

If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of issuance of the Policy, the Policy shall be void and the Company will only be liable to pay the premiums paid till date.

Tax Benefits

Tax Benefits under Section 80C, 80D and Section 10(10D) of the Income Tax Act, 1961.

Know Claim Process Of BSLI Easy Protect Plan

Claim Process

Aditya Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya Birla Group, a well known Indian conglomerate and Sun Life Financial Inc, one of the leading international financial services organizations from Canada.