banner-logo

Know more about ABSLI Super Term Plan

Key Highlights

  • Get 100% premium back as Early Exit Value

  • Instant Payment on Claim for immediate support to family

  • Special discounts for Salaried customers and Female Lives

Card Management and Controls

Death Benefits

  • Death Benefit is payable as per the plan option chosen: 
    – Option 1: Level Cover 
    – Option 2: Increasing Cover (Sum Assured increases at 5% simple per year, capped at 200%) 
    – Option 3: Level Cover with Return of Premium (ROP)
  • Sum Assured on Death = Higher of: 
    – 11 × Annualised Premium 
    – 105% of total premiums paid 
    – Absolute amount assured (Effective Sum Assured based on plan option)
  • Death Benefit Payout Modes: 
    – Lump sum 
    – Income (monthly income for 10 / 15 / 20 years) 
    – Income + Lump sum (10–90% split)
  • If Terminal Illness or ACI Benefit has been paid earlier, the Death Benefit reduces by that amount.
Fees and Charges

Survival Benefit

  • No Survival Benefit is payable under any plan option. 
  • (Note: Option 3 – ROP provides a Maturity Benefit, not a Survival Benefit.)
Fees and Charges

Terminal Illness Benefit

  • Inbuilt benefit under all plan options. 
  • On diagnosis of Terminal Illness (up to age 80): 
    – 50% of Sum Assured on Death, maximum ₹1 crore, is paid immediately 
    – All future premiums are waived 
    – Death Benefit later reduces by the TI amount already paid
  • Benefit is payable only once.
Card Control and Redemption

Accelerated Critical Illness (ACI) Benefit

  • Optional add-on available at inception. 
  • Covers 42 specified critical illnesses. 
  • ACI Sum Assured Limits: 
    – Minimum: ₹5 lakh 
    – Maximum: 50% of Base SA, capped at ₹50 lakh
  • Payable once on first diagnosis of a covered CI. 
  • Death SA reduces by the ACI amount paid. 
  • 90-day waiting period applies. 
  • Not available with ABSLI Critical Illness Rider.
Credit and Safety

Rider Options

  • ABSLI Accidental Death & Disability Rider 
  • ABSLI Accidental Death Benefit Rider Plus 
  • ABSLI Critical Illness Rider* 
  • ABSLI Surgical Care Rider 
  • ABSLI Hospital Care Rider 
  • ABSLI Waiver of Premium Rider

*Cannot be taken if ACI benefit is selected.

Contactless payments

Frequently Asked Questions

Disclaimer

  • Super Term Plan
  • HDFC Bank Limited (IRDAI Registration No: CA0010) is the Corporate Agent of Aditya Birla Sun Life Insurance Company Limited and does not underwrite the risk or act as an insurer.
  • Registered Address: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Participation by the Bank's clients in the Insurance products is purely on a voluntary basis. The contract of Insurance is between Aditya Birla Sun Life Insurance Company Limited and the Insured and not between HDFC Bank and the Insured.
  • As per section 10(10D) of the Income-tax Act, 1961, proceeds from life insurance policy issued on or after 1 April 2023 shall be taxable as income from other sources if the cumulative annual premium payable by taxpayer for life insurance policies exceeds ₹ 5 lacs. ABSLI Super Term Plan 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. 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 more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale. This product shall also be available for sales through online channel. 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.
  • The 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. 
    Aditya Birla Sun Life Insurance Company Limited Registered Office: One World Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. 
    1-800-270-7000 Website: https://lifeinsurance.adityabirlacapital.com 
    IRDAI Reg No.109 CIN: U99999MH2000PLC128110 
    UIN: 109N153V02 ADV/12/25-26/1391
  • BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS: 
    IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.