ABSLI DigiShield Plan
Think Term Plan. Smart Financial Security For Loved Ones.
Covid-19 covered
10 Plan Options
Buy ₹1 Crore Term Insurance at Just ₹542/month1
Why buy ABSLI DigiShield Plan?
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Not 1 but 10 plan options to choose from. Opting for the most suitable option based on coverage needs has never been so easy.
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This Comprehensive Term Insurance Plan covers policyholders till 100 years of age.
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Flexible death benefit payouts as a monthly, lump sum or both.
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Option to avail monthly income for a worry-free retired life. Survival benefit for policyholders to ensure financial security after 60 years of age.
Benefits of ABSLI DigiShield Plan
A quick, simple, stress-free way to assure financial security for the family in case of policyholder’s unfortunate demise.
Death Benefit
This is the cushion for those who depend on you financially. In case of policyholder’s death during the policy term, we care to pay the death benefits to the nominee(s) or legal heir(s) a lump sum or monthly income according to the plan option.
Terminal Illness Benefit
We wish you to always stay healthy! But in case a terminal illness is diagnosed when you are below 80 years, the policy will immediately pay you 50% of the applicable sum assured up to Rs. 2 Cr. All future premiums will be waived off, provided the policy is in force.
Maturity Benefit
You can avail the maturity benefit only under option 10 of ABSLI DigiShield Plan. The total premiums paid will be given back to you at the end of the policy term. If you have paid any loadings in terms of modal premiums, that will not be included in the maturity benefit amount.
Tax Benefit
Buy ABSLI DigiShield Plan and save tax under section 80C of Income Tax Act,1961. Tax benefits can be enjoyed up on premium paid and benefits received under the policy. Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
Enhanced Life Stage Protection
Your financial responsibility increases with life stages like marriage, childbirth or taking a house loan. Opt for this benefit while purchasing the policy and you can increase the sum assured at important stages of life without undergoing a fresh medical test by paying an increased premium.
Accelerated Critical Illness (ACI) Benefit
Accelerated Critical Illness benefit is paid on the first diagnosis of a specified critical illness after 90 days of waiting period when the policy is in force. The allowed ACI sum assured limit is a minimum Rs.5 lakhs and a maximum 50% of the declared sum assured in the ACI benefit cover period.
Rider Options
Why live with limited safety when there is an option to expand the coverage limit? Buy any of the six riders at a nominal extra cost for a wider coverage of life. Riders include ABSLI Accidental Death and Disability Rider (UIN: 109B018V03), ABSLI Critical Illness Rider (UIN: 109B019V03), ABSLI Surgical Care Rider (UIN: 109B015V03), ABSLI Hospital Care Rider (UIN: 109B016V03), ABSLI Accidental Death Benefit Rider Plus (UIN:109B023V02) , and ABSLI Waiver of Premium (UIN: 109B017V03).
Plan Options
10 plan options of ABSLI DigiShield Plan. A wide range of options to suit different needs.
Option1
Level Cover Option
This option pays the nominee the sum assured in lump-sum in case of the unfortunate death of the life insured during the policy term, provided all the premiums are paid. You will have to choose the nominee, sum assured, policy term, premium payment term and mode of payment during the inception of the policy.
Option 2
Increasing Cover Option
Under this term insurance option, the sum assured increases every year during the policy term by a simple escalation rate of 5% or 10% per annum. At the inception, you have to choose the sum assured escalation rate. In case of death of the life insured during the policy term, the nominee gets the sum assured as applicable on that date in a lump sum.
Option 3
Sum Assured Reduction Option
Under this term insurance option, the sum assured can be reduced by 25% or 50% from your retirement age till the end of the policy term. At the inception, you have to choose the reduction factor and your retirement age (60, 65, 70, or 75 years). In case of death of the policyholder during policy term, the nominee gets sum assured as applicable in lump sum.
Option 4
Whole Life Option (Level Cover)
Under this term insurance option, you get covered till 100 years of age- this stretched cover period is why it’s called a whole life cover. In case of an unfortunate death of the life insured during the policy term, the nominee will receive the sum assured in lump sum.
Option 5
Whole Life Option (Sum Assured Reduction Cover)
Under this term insurance option, you get life cover till 100 years of age plus the option to reduce the sum assured by 25% or 50% when retiring at age of 60/ 65/ 70/ 75 years till policy termination. The nominee gets the sum assured applicable in lump sum, in case of death of the life insured in the policy term.
Option 6
Income Benefit
In case of the death of the policyholder in the policy term, this option pays the nominee a monthly income of 1.5% of sum assured throughout the chosen income benefit period(10/15/20 years). At the inception of the policy, you can also choose to increase the monthly income by simple 5% p.a over the income benefit period.
Option 7
Level Cover Plus Income Benefit
Instant financial relief to family matters after the sudden demise of the policyholder. Under this term insurance option, the nominee immediately gets 100% of the sum assured as a lump sum on the date of death of the life insured plus 0.5% of the sum assured as monthly income for a period of 10 years.
Option 8
Low Cover Option
Under this term insurance option, the nominee(s)/ legal heir(s)/ assignee will receive the sum assured as a lump sum in case of the unfortunate demise of the policyholder in the policy term.
Option 9
Level Cover with Survival Benefit
Under this term insurance option, you get survival benefit as a monthly income of 0.12% of the sum assured from when you turn 60 till the date of death or end of the policy term, whichever is earlier. In case of death during policy term, the nominee gets a sum assured less survival benefit already paid till death.
Option 10
Return of Premium (ROP)
Under this term insurance option, in case of survival of the policyholder beyond the policy term, 100% of total premiums paid(maturity benefits) will be paid back. In case of the death of the policyholder during the policy term, the nominee will receive the sum assured in a lump sum.
Term Plan without Riders is Like having tea without snacks.
Riders offer additional benefits that are not included in the base policy at a nominal additional premium. There are exclusions attached to the riders. Please refer rider brochure for more details
ABSLI Accidental Death and Disability Rider
UIN: 109B018V03
Get additional protection for accidents leading to death or disability at a nominal cost.
Download Brochure
ABSLI Critical Illness Rider
UIN: 109B019V03
Get benefit amount as a lump sum upon diagnosis of any of the 4 specified critical illnesses.
ABSLI Surgical Care Rider
UIN: 109B015V03
Get a lump sum benefit amount to cover surgical expenses.
ABSLI Hospital Care Rider
UIN: 109B016V03
Get daily cash benefit, additional ICU benefit and lump sum recuperating benefit upon hospitalization.
ABSLI Accidental Death Benefit Rider Plus
UIN: 109B023V02
Get additional protection for accident leading to death at a nominal cost.
ABSLI Waiver of Premium Rider
UIN: 109B017V03
All future premiums waived in case of permanent disability due to illness or accident, any of the specified critical illnesses or death.
How does the ABSLI DigiShield Plan work?
Learn with an example. Lead by an example.
- Priya, a healthy female aged 35 years works with a Multinational Company. She wanted to buy a term plan that pays her son when she is not there to take care of his expenses.
- Priya chose ABSLI DigiShield Plan Level Cover Option for a Sum Assured of Rs.1 crore. The policy Priya chose had a premium paying term of 50 years and a Policy term of 50 years.
- At the inception of the policy, the policyholder has the freedom to choose the sum assured, policy term, premium payment term, and mode of premium payment. The maximum maturity age allowed is 85 years.
- Priya passed away at the 25th policy year that is when she was 60 years.
- After Priya died, a lump sum equal to Rs.1 crore was paid to her son.
- Rhea, aged 35 years opted for ABSLI Digi Shield Plan-Increasing Cover Option.
- The Sum Assured opted by Rhea was of Rs.1 crore with a sum assured escalation rate of 10% per annum.
- The policy term chosen by Rhea is 50 years and the premium paying term is also 50 years.
- When Rhea turned 42 years, that is, when the term plan she chose was in the 7th policy year, Rhea died due to a sudden heart attack.
- A total lump sum of Rs.1.60 crore was paid to Rhea’s nominee and the policy terminated.
- Shreya Sharma, aged 45 years, wanted a term plan for her family. She opted for ABSLI Digi Shield Plan-Whole Life Option with Sum Assured Reduction Cover.
- The sum assured under the plan was Rs.1 crore and a sum assured reduction factor of 50% was selected at the retirement age of 70 years.
- Shreya chose to pay the premium annually for the period of 5 years. The policy term in this case will be 100 years minus Shreya’s entry age that makes it to 55 years.
- Shreya passed away when she was 75, that is, during the 30th policy year.
- In this case, we will pay a lump sum amount of Rs.50 lakhs to the nominee and then the policy will terminate.
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Entry Age (age last birthday)
For Plan Option: 1|2|3|6|7|8|10: 18 to 65 years
For Plan Option: 4|5: 45 to 65 years
For Plan Option: 9: 18 to 50 years
Maximum Maturity Age
For Plan Option: 1|2|3|6|7|9|10: 85 years
For Plan Option: 4|5: 100 years
For Plan Option: 8: 69 years
| Plan Options | Premium Payment Term |
| Plan Option # 1, 2, 3, 6 & 7 | |
| Single Pay | |
| Limited Pay – 5 Pay, 7 Pay, 10 Pay, 12 Pay, 15 Pay, 20 Pay, To Age 60 years | |
| Regular Pay | |
| Plan Option # 4, 5 | |
| Single Pay | |
| Limited Pay - 5 Pay | |
| Plan Option # 8 | |
| Single Pay | |
| Regular Pay | |
| Plan Option # 9 | |
| Single Pay | |
| Limited Pay – 5 Pay, 7 Pay, 10 Pay, 12 Pay, 15 Pay, 20 Pay, To Age 60 years | |
| Plan Option # 10 | |
| Regular Pay |
Premium Paying Term
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Plan Options |
Premium Paying Term |
Minimum Policy Term |
Maximum Policy Term |
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Plan Option # 1, 2, 6 & 7 |
Single Pay |
5 years |
55 years |
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Limited Pay |
(PPT + 5) years |
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Regular Pay |
10 years |
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Plan Option # 3 |
Single Pay & 5 Pay |
11 years |
55 years |
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Limited Pay |
(PPT + 5) years |
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Regular Pay |
11 years |
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Plan Option # 4, 5 |
Single Pay |
100 minus Entry Age |
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5 Pay |
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Plan Option # 8 |
Single Pay |
1 year |
4 years |
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Regular Pay |
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Plan Option # 9 |
Single Pay |
70 minus Entry Age |
55 years |
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Limited Pay |
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Plan Option # 10 |
Regular Pay |
10 years |
55 years |
Sum Assured
For Plan Option: 1|2|6|7|3|4|5|9|10
Minimum – Rs. 30 Lakh
Maximum – No Limit, subject to Board Approved Guidelines
For Plan Option: 8
Minimum – Rs. 1 Lakh
Maximum – Rs. 20 lakh
Things We Can’t Promise Under a ABSLI DigiShield Plan.
It costs the emotions and courage of a family when the policyholder passes away.
But the ABSLI DigiShield Plan does not cover the family in these circumstances.
If the policyholder was diagnosed with pre-existing diseases 48 months prior to the effective date of the policy issued by the insurer.
When the policyholder (whether medically sane or insane) suffers from self-inflicted injury or makes an attempt to suicide, no Terminal Illness Benefit will be paid.
No protection for critical illness or accidental death benefit if the death of the policyholder happens due to alcohol consumption, hazardous activity, an act of war, or child-birth.
Death of the policyholder due to lifestyle disease because that has been the choice to live.
How to initiate Claim?
3 quick steps, everything online.
- Fill basic details
- Claim intimation
- Document submission
ABSLI DigiShield Plan FAQs
We are constantly trying to simplify the ABSLI DigiShield Plan!
ABSLI Digi Shield plan is the term plan-best financial support for the family especially when the policyholder dies.
- 10 Plan Options to suit varied protection need.
- Flexibility to choose term cover as per the need. Coverage up to 100 years is available.
- Ensure financial stability for the dependents in the absence of life insured with multiple payout options - lump-sum, monthly income or a combination of both.
- Unique benefit – Receive Survival Income in a Term Plan – Guaranteed Monthly payouts post attaining Age 60 years for a stress-free retired life.
- Get all your premium back with Return of Premium (ROP) option in case you outlive the policy term.
- Acceleration of base sum assured in the event of diagnosis of any Terminal Illness.
- Acceleration of Critical Illness sum assured through Accelerated Critical Illness Benefit option (ACI) where a lumpsum payout will be made to the life insured on diagnosis of any one of the covered 42 critical illness.
- Include your loved one’s in the policy with Joint Life Protection option.
- Additional protection through multiple Riders
Depending upon the smoking status of the life insured, he/she will be classified as Non-Smoker or Smoker. The proposed life insured will be classified as Non-Smoker, if he/she has not consumed tobacco products in the last 12 months. This includes any nicotine products like cigarette, cigars, chewable tobacco or any other classified stimulants.
No, Plan Option once chosen at inception; cannot be changed anytime during the Policy Term.
Retirement Age is applicable under Plan Option 3 Sum Assured Reduction Option and Plan Option 5 Whole Life Option (Sum Assured Reduction Cover). Policyholder has the option to select 60 years, 65 years, 70 years or 75 years as Retirement Age at inception, at which the Sum Assured reduces by the chosen Sum Assured Reduction Rate. The Retirement Age should be at least 10 years more than the age of the Life Insured at inception of the policy and less than the maturity age.
Income Benefit Period is applicable under Plan Option 6 Income Benefit, during which the monthly installments are paid to the Nominee after the death of the Life Insured. Policyholder has the option to select 10 years, 15 years or 20 years as Income Benefit Period at inception.
This is inbuilt benefit available under all Plan Options. In case life insured is diagnosed with a Terminal Illness up to an age of 80 years, while the policy is in force, 50% of the applicable Sum Assured on Death, subject to a maximum of Rs. 2 crores will be paid immediately as a lump-sum and future due premiums shall be waived off. On subsequent death of the Life Insured during the Policy Term, the Sum Assured on Death shall be reduced by the amount of Terminal Illness Benefit already paid. Terminal Illness Benefit shall only be payable on the first diagnosis of any Terminal Illness of the Life Insured during the policy term.
Accelerated Critical Illness (ACI) Benefit is an optional benefit, where Policyholder can avail protection against 42 listed critical illness during the ACI Cover Period, on payment of additional premium. On diagnosis of any of the specified critical illnesses, Accelerated Critical Illness (ACI) Sum Assured will be payable to Policyholder, provided the Policy is in-force and meets the required ACI terms and conditions. The ACI Benefit is accelerated and not an additional benefit i.e. Policy will continue with death cover till maturity after the ACI benefit is paid, provided the Policy is in-force and all premiums are paid in full.
| Sr. No | List of Critical Illnesses |
| 1 | Cancer of Specified Severity |
| 2 | Myocardial Infarction (First Heart Attack of Specific Severity) |
| 3 | Open Chest CABG |
| 4 | Open Heart Replacement or Repair of Heart Valves |
| 5 | Coma of Specified Severity |
| 6 | Kidney Failure Requiring Regular Dialysis |
| 7 | Stroke Resulting in Permanent Symptoms |
| 8 | Major Organ /Bone Marrow Transplant |
| 9 | Permanent Paralysis of Limbs |
| 10 | Motor Neuron Disease with Permanent Symptoms |
| 11 | Multiple Sclerosis with Persisting Symptoms |
| 12 | Benign Brain Tumor |
| 13 | Blindness |
| 14 | Deafness |
| 15 | End Stage Lung Failure |
| 16 | End Stage Liver Failure |
| 17 | Loss of Speech |
| 18 | Loss of Limbs |
| 19 | Major Head Trauma |
| 20 | Primary (Idiopathic) Pulmonary Hypertension |
| 21 | Third Degree Burns |
| 22 | Alzheimer's Disease |
| 23 | Aplastic Anaemia |
| 24 | Medullary Cystic Disease |
| 25 | Parkinson's Disease |
| 26 | Systemic Lupus Erythematosus - with Lupus Nephritis |
| 27 | Apallic Syndrome |
| 28 | Major Surgery of the Aorta |
| 29 | Fulminant Viral Hepatitis - resulting in acute liver failure |
| 30 | Primary Cardiomyopathy |
| 31 | Muscular Dystrophy - resulting in permanent loss of physical abilities |
| 32 | Poliomyelitis - resulting in paralysis |
| 33 | Sporadic Creutzfeldt-Jakob Disease (sCJD) |
| 34 | Chronic Recurring Pancreatitis |
| 35 | Bacterial Meningitis - resulting in persistent symptoms |
| 36 | Chronic Adrenocortical Insufficiency (Addison's Disease) |
| 37 | Loss of Independent Existence |
| 38 | Encephalitis |
| 39 | Progressive supranuclear palsy |
| 40 | Severe Rheumatoid arthritis |
| 41 | Scleroderma |
| 42 | Systematic lupus Erythematosus with Renal Involvement |
Please refer product brochure for definition of the listed critical illnesses.
Joint Life Protection is an optional benefit under which two lives can be covered on joint life basis as Primary Life Insured and Secondary Life Insured under the same policy. The sum assured applicable for the secondary life insured shall be equal to 50% of applicable sum assured for primary life insured. Currently spouse can be covered under Joint Life Option as Secondary Life Insured.
Enhanced Life Stage Protection is an optional benefit which allows Policyholder to increase the Sum Assured on occurrence of events like marriage or birth of children or on availing home loan, without undergoing any fresh medical examination. Policyholder have to opt for this option at inception so it can be exercised by giving a written request to the Company within one year of the occurrence of specified events.
No, since this plan offers choice of avail death benefit in lump sum or income or lump plus income thus Policyholder makes an informed choice while selecting the option to ensure the death benefit is paid to the nominee as required by them, hence there is no option for the Nominee to avail instalment of lump sum death benefit or discounted value of future instalment in lump sum.
For Plan Options 1, 2, 3, 4, 5, 6, 7, 8 and 9: There is no Maturity Benefit payable
For Plan Option 10: On survival of Life Insured till end of Policy Term, Maturity Benefit is payable as Total Premiums Paid less loadings for modal premiums, if any.
For Plan Option 10: On survival of Life Insured till end of Policy Term, Maturity Benefit is payable as Total Premiums Paid less loadings for modal premiums, if any.
For Plan Options 1, 2, 3, 4, 5, 6, 7, 8, and 10: There is no Survival Benefit payable
For Plan Option 9: In the event the Life Insured survives till the Policy anniversary falling after the Life Insured attains an age of 60 years, Survival Benefit of 0.12% of Sum Assured per month is paid commencing with the first Policy Month Anniversary after the event and continuing for each Policy Moth Anniversary till the end of the Policy Term or death of the Life Insured whichever is earlier.
For Plan Option 9: In the event the Life Insured survives till the Policy anniversary falling after the Life Insured attains an age of 60 years, Survival Benefit of 0.12% of Sum Assured per month is paid commencing with the first Policy Month Anniversary after the event and continuing for each Policy Moth Anniversary till the end of the Policy Term or death of the Life Insured whichever is earlier.
If you are unable to pay your policy premium by the due date, you will be given 30-day grace period, to pay your due premiums, during which your coverage will continue. however, In case of occurrence of death or Terminal Illness or critical illness during the grace period, the Company shall be entitled to deduct the unpaid Premium from the Benefits payable under the Policy.
You can revive your Policy within a revival period of five years from the due date of first unpaid premium, subject to following conditions:
The monthly interest rate charged on unpaid premiums will be declared by ABSLI on June 1st of each calendar year and is determined as (x+1%)/12 rounded to the next 0.5%, where x is the base rate of the State Bank of India. The current applicable interest rate, as declared on June 1st, 2021, is 1% per month compounded annually.
Any change in basis of determination of interest rate for revival can be done only after prior approval of the Authority. If a lapsed Policy is not revived within five years, the Policy shall be terminated, and no value is payable to you.
- Paying all outstanding premiums together with interest and/or late fees as declared by us from time to time;
- Providing evidence of Life Insured’s insurability satisfactory to us
- Revival of the Policy shall take effect only after revival of the Policy is approved by Us basis the Board approved underwriting Policy and communicated to you in writing.
- Once the Policy has been revived, on the effective date of revival, all benefits will be restored to their full value.
The monthly interest rate charged on unpaid premiums will be declared by ABSLI on June 1st of each calendar year and is determined as (x+1%)/12 rounded to the next 0.5%, where x is the base rate of the State Bank of India. The current applicable interest rate, as declared on June 1st, 2021, is 1% per month compounded annually.
Any change in basis of determination of interest rate for revival can be done only after prior approval of the Authority. If a lapsed Policy is not revived within five years, the Policy shall be terminated, and no value is payable to you.
The policy will be terminated at the earliest of:
- The date of settlement of the Death Benefit or the date of settlement of death benefit on last surviving life in case of Joint Life Protection option; or
- The date of payment of the surrender value, if any; or
- If the Policy has not acquired a surrender value, the date on which the revival period ends
- The date of maturity of the Policy; or
- The date on which the sum assured on death has completely been paid out through ACI Benefit and/ or Terminal Illness claim.
- The date on which we receive a free look cancellation request.
Policyholder will have the right to return the Policy to us within 15 days (30 days in case of electronic Policy or the Policy issued under the provisions of IRDAI Guidelines on Distance Marketing of Insurance products) from the date of receipt of the Policy. We will refund the premium paid once we receive your written notice of cancellation (along with reasons thereof) together with the original Policy documents. We will deduct proportionate risk premium for the period of cover and expenses incurred by us on medical examination, if any and stamp duty charges while issuing your Policy in accordance to IRDAI (Protection of Policyholders Interest) Regulations, 2017.
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Disclaimer
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This 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. All terms & conditions are guaranteed throughout the Policy Term. 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. 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 or visit our website and see how we can help in making your dreams come true. UIN: 109N108V11
ADV/7/23-24/978
