Aditya Birla Sun Term Life Insurance Premium Calculator

• Reduce taxable income by up to Rs. 1,50,000 deduction under section 80C**
• Convenient payment options - annual, half-yearly, quarterly or monthly premium payments
• Do more with plans that offer pure protection, retirement planning and investment option

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.

Why you should use a Premium Calculator

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.

How to use Aditya Birla Sun Term Life Insurance Premium Calculator

The premium calculator available on the company’s official website can be used as follows:

• Visit the official website of the company at https://lifeinsurance.adityabirlacapital.com/
• On the homepage, locate the protection plans offered by the company.
• Once you have located the protection plans, you can find that the ABSLI DigiShield Plan is the online plan offered by the company.
• Click on ‘buy online’ located near the name of the plan. This will open the premium calculator page.
• On the premium calculator page, enter your name, date of birth, gender, smoking habits, mobile number, and email ID.
• Click on ‘get a quote’ after entering all the details.
• This will provide you with the premium details for the policy.

Advantages of a Term Insurance Premium Calculator

Some of the key advantages of a term insurance premium calculator are listed as follows:

• It is easy to compare the costs of various policies instantly with the help of premium calculators. This will help you with your purchase decision and get access to the right insurance cover.
• You can understand different term insurance covers better with the help of a premium calculator. You can improve your knowledge about a plan and find out the factors influencing the coverage.
• Companies can cater to the needs of a wide range of customers with the help of online premium calculators. This helps them minimize their efforts in providing price quotes to customers.

Conclusion

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.