Aditya Birla Sun Life is gaining popularity in the life insurance market with its diverse range of policies. The company has both protection and savings plans in its lineup. Among the plans offered, protection-oriented term plans come with a cheap price tag and they are popular among all kinds of customers. The company has one online term insurance plan and two offline term insurance plans. Here, the premium charges for the online term plan can be calculated with the help of the premium calculator available on the company’s official website. For the offline plans, customers must visit the company’s branch office to get a price quote and make the purchase subsequently.
The cost of a term insurance cover varies from one individual to another. It is influenced by various factors like age, income, location, smoking habits, sum assured amount, medical history, etc. Calculating the cost of a policy manually based on these inputs can be extremely tough for a company. Premium calculators are mainly used to simplify this process and help customers with their decision making. Since the results are provided instantly, customers can easily narrow down their choices based on the pros and cons of a specific policy.
The premium calculator available on the company’s official website can be used as follows:
Some of the key advantages of a term insurance premium calculator are listed as follows:
Term insurance premium calculators seek basic details like age, income, location, smoking habits, etc., while deciding the price of a product. Online term plans are easy to buy and easy to manage. If you enter the cover at a young age, you can get the best deal for an affordable price. With the right term insurance cover, you can protect the financial needs of your loved ones and secure their future.
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