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Aditya Birla Sun Life DigiShield

ILM Ratings

ILM Ratings

Claims Experience:

Customer Service:

Product Benefits:

Introduction to Aditya Birla Sun Life DigiShield

ABSLI DigiShield Plan is a term insurance plan offered by Aditya Birla Sun Life Insurance Company. With this plan, your family will be paid a sum of money as a death benefit, in case you pass away during the policy term. It offers flexibility with several customisation options like opting for limited-pay to finish premiums sooner and you can also enhance coverage by purchasing add-ons such as a comprehensive critical illness rider, accidental death benefit and waiver of premium for accidental disability and critical illnesses. However, it does not provide important features like an increasing cover or options to customise how your family receives the claim payout.

Claims Experience:

Customer Service:

Product Benefits:

Quick Overview:

What's Good?

• Multiple Limited Pay options to speed up payments
• Critical illness rider's payout is in addition to the life cover amount
• Additional payout option for accidental death
• Premium waiver option available if listed illness is diagnosed
• Premium waiver option available in case of accidental disability

What's Not Good?

• No option to automatically increase claim amount, with time
• No option to customize claim payout
• No option to exit the plan while active and get premium refund

Insurer Track Record

About Aditya Birla Sun Life Insurance Co. Ltd.

JV Partners

Turnover (GWP)

Number of Policies

Number of Claims

Detailed Product Overview

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Did you know

Aditya Birla Sun Life DigiShield Plan is a term insurance plan offered by Aditya Birla Sun Life Insurance Company. Under this plan, a death benefit is paid to your family in the event of your unfortunate demise during the policy term. This policy lets you customise with several important features, such as limited pay options to speed up your premium payments, critical illness rider, etc. However, it doesn’t offer customizable claim payout options to help you configure how you want your family to receive the claim amount, the increasing cover feature and an early exit option.

As compared to other products, this one is cheaper than other similar products and the insurer has received a lesser number of complaints related to claims settlement and policy purchase.

Here’s the Aditya Birla term plan review.

Key product features of Aditya Birla Sun Life DigiShield Plan

• Life cover Benefit: Aditya Birla Sun Life DigiShield Plan pays an assured sum of money to your family, in case your death happens during the term of the policy. There is no maturity benefit in this policy - meaning, you don’t get anything back in case you survive the term of the policy. You can claim tax benefits under Section 80C of the Income Tax Act with this term insurance policy.
• Early Exit Option: This option lets you opt out of the plan while it is still in force. You can do so during a specific time period set by the insurance company and you’ll get a refund of all the premiums you’ve paid up to that point. However, Aditya Birla Sun Life DigiShield Plan doesn’t offer an early exit option.
• Increasing cover: In this option, your cover amount will gradually increase at regular intervals until it reaches a maximum limit. However, Aditya Birla Sun Life DigiShield Plan does not provide the increasing cover option to increase your cover automatically.
• Cover Duration: You can buy Aditya Birla Sun Life DigiShield Plan for a duration of up to the age of 85 years which means you can enjoy the benefits of the plan even beyond retirement.
• Limited Pay options: Limited Pay allows you to finish paying off your premiums in faster and bigger instalments. You can buy this policy with the limited pay option for a period of 5, 7, 10, 12, 15, or 20 years. This option is suitable if you want to get the burden of premiums off your chest while you still have a dependable income.
• Claim Payout options: Aditya Birla Sun Life DigiShield Plan offers only a one-time payout option. In this option, your nominee will be paid the entire claim in one large instalment.

What are the Riders available with Aditya Birla Sun Life DigiShield Plan?

This product includes additional benefits or riders using which you can customize the product further for specific circumstances.

• Comprehensive Critical illness rider: This rider provides you with an additional lump sum amount, in case you are diagnosed with a disease that is mentioned in your policy, during the policy period. This rider offers additional cover for up to 4 illnesses, with coverage available until age 70 and a maximum sum insured of Rs 50 lakhs, limited to 100% of the base cover.
• Accidental death benefit rider: With this Rider, your family will receive an additional amount of money, if you pass away due to an accident during the policy period. Also, if you are not eligible to buy the desirable term insurance cover for your family, you can consider buying this rider along with your term insurance cover. This rider provides additional cover up to age 80, with a maximum sum insured of Rs 2 crore, limited to 100% of the base cover.
• Waiver of premium riders: This rider comes with a feature that if you get disabled or critically ill due to a disease listed in the policy (during the policy period), you won’t have to pay any of your future premiums for the rest of the term, but can still enjoy the term insurance cover. The Waiver of Premium Rider covers accidental disability and 4 critical illnesses up to age 70.

Not every family requires every rider. Make sure you select the right riders that fit your family’s needs well.

Why should you choose Aditya Birla Sun Life Insurance Company?

Here is an overview of the claims experience you’ll receive with this insurance company.

• Speed of claim settlement: Aditya Birla Sun Life Insurance Company ranks high in terms of the quality of their claims experience, with 99.98% of their claims being settled in less than 30 days. This indicates that your family will not have to wait too long for the claim amount after all documents are submitted.
• Online tracking of claims: Further, your family will have the benefit of tracking their claims online.
• Claim settlement ratio: If you are thinking of buying the Aditya Birla Sun Life Digishield Plan, the claim settlement ratio of the insurer is 98.65%. The ratio indicates the percentage of claims an insurance company settles out of the total claims it receives in a given financial year.
• Claim complaints: According to our research, we found that Aditya Birla Sun Life Insurance company has a lower number of claim complaints compared to other insurance companies. The overall claim complaints received is 0.02%.

What are the drawbacks of buying from Aditya Birla Sun Life Insurance Company?

• Length of the death claim form: Compared to other insurers, the death claim form of this company is very long, with several questions to answer. This indicates that your family might face some issues while filling out the form.
• Personal relationship manager: Aditya Birla Sun Life Insurance Company does not provide a personal relationship manager - someone to help your nominee throughout the claim settlement process.
• Home pickup for claims: Many insurers provide the service of picking up all the required documents related to claims from your home but Aditya Birla Sun Life Insurance Company does not provide such a service. Therefore, your nominee will have to visit the branch to submit the claims documents personally.

How is the customer service quality of Aditya Birla Sun Life Insurance Company?

• Toll-free: When it comes to customer service, our research found their response rate over their toll-free number to be average, compared to other insurers.
• X (Twitter) response: Aditya Birla Sun Life Insurance has a quick response time on X (Twitter).
• Policy purchase-related complaints: Based on our research, Aditya Birla Sun Life Insurance Company has received 0.37% of complaints related to its after-sales service.

About the Insurer - Aditya Birla Sun Life Insurance Company

Aditya Birla Life Insurance, also known as Aditya Birla Sun Life Insurance, is a Life Insurance company in India. Founded in 2000, it is a joint venture between Aditya Birla Group and Sun Life Financial Incorporated, an international financial services organisation in Canada. The company is headquartered in Mumbai. The CEO & MD of the company is Mr. Kamlesh Rao.

Final remark on Aditya Birla Sun Life DigiShield Plan

Based on the 100+ parameters analyzed by our in-house research team across the product benefits, customer service and claims experience, Aditya Birla Sun Life DigiShield Plan has secured an overall MyInsureBuddy⭐Rating of 3.5/5.

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