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I agree to the Terms of Usage and Privacy Policy. By submitting my contact details here, I override my NDNC registration and authorize ABSLI to contact me by phone/e-mail/SMS/WhatsApp. 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. 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. ABSLI Nishchit Aayush is a non-linked non-participating individual savings life insurance plan (UIN No 109N137V05)

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Standard Risk

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Definition:
Insurance risk that the underwriters of the insurance companies consider common or normal is called standard risk. The standard risk is associated with almost all life insurance applicants.
Description:
Insurance companies scrutinise every proposal before accepting the risk. If the risk is profitable, the probability of the insurance company making a profit is high. This is why the insurers segregate their risk into types of risk that include standard risk, substandard risk, and poor risk. Profitable risk for the insurance company can be offered without premium loading or any cover restrictions.

When the proposer applies to buy a health plan and is said to have all healthy habits, she/he will be considered a standard risk for which the commonly applied premium rate will work. On the contrary, if the proposer is found to have a smoking or drinking habit, the proposer will be considered a substandard risk.

The standard risks are insured on the standard premium rate because they pose less challenge for the insurance company.
Example:
Mohit was a 28 years old guy. He applied to buy a term insurance policy with coverage ₹1 Cr. The insurance company conducted the risk analysis on his application and considered him a standard risk. Because Mohit was a healthy male, he was used to regular exercise and yoga. Plus, he did not have any bad habits of smoking or consuming alcoholic beverages. Hence the insurer offered him the cover of ₹1 Cr at the standard price of ₹ 948 per month.
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Buy ₹1 Crore Term Insurance @ just ₹542/month1
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Buy ₹1 Crore Term Cover @ @Rs.492/month for Salaried Individuals¹
ABSLI DigiShield Plan
Life cover up to 100 years of age.
Joint Cover Option
Inbuilt Terminal Illness Benefit
Tax Benefit^
Return of Premium Option~
Life Cover
₹1 Cr.
Premium:
₹542/month1
  • Disclaimer

    ABSLI DigiShield Plan 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. UIN: 109N108V11
    ¹ ABSLI DigiShield Plan scenario: Female, non smoker, Age: 21 years, level Term Insurance, Premium paying Term: regular pay, policy term: 25 years, Pay frequency: Annual Premium of Rs. 6500/12 months (on average Rs. 542/month) Exclusive of GST (offline premium).
    2 Our life insurance policies cover COVID -19 claims under life insurance claims, subject to applicable terms & conditions of policy contract and extant regulatory framework.
    ADV/9/22-23/1534