LIFE INSURANCE

Aditya Birla Health Insurance, offers a range of health insurance plans that meet varied health insurance requirements of the individuals. It offers individual health insurance plans, family health insurance plans, senior citizen health insurance plans, COVID-19 health insurance plans, etc. that provide the insured with a wide scope of coverage as well as wellness-oriented benefits that promote healthy living, all of it at affordable premiums. The insurer also offers an assessment tool, with the help of which one can find the best health insurance plans as per their requirements and budget.

Key Feature:

Portability option
Cashless treatment
Lifelong reviewability
Hassle-free claim settlement
Wellness coach and personalized health advice
Tax benefits under Section 80D of the Income Tax Act

Elegibility:

Senior Citizen Covered
Top Policy Available
Free Health Checkup

Additional Benefit of Free Health Check up

Many Aditya Birla Health Insurance plans offer the facility of free preventive health check-ups to the insured. This benefit is in-built in the coverage features of the plans and can be availed after completing 1-4 policy years, which may vary from plan to plan.
Additional Protection over Employer Coverage

Employer sponsored group health insurance plans are commonly provided to employees. However, such plans are not comprehensive in their coverage and the sum insured levels are also limited. Aditya Birla health plans allow individuals to increase their existing group health cover by buying a separate health insurance plan at affordable premiums.
Cashless Benefit

Cashless claims are facilitated by Aditya Birla Health Insurance plans through a wide network of hospitals across India. Individuals can avail cashless benefits if they are treated at a networked hospital.
Claim Settlement Ratio

Claim Settlement Ratio (CSR) is the ratio of the claims settled by the company against the total number of claims presented on it in one financial year. Aditya Birla aims to settle maximum of its claims and had a CSR of 70.81% for FY 2019-20. Note that the CSR changes from time to time.
Coverage against Medical Expenses

The plans offered by Aditya Birla are quite comprehensive in nature. They provide coverage for a range of benefits like inpatient hospitalisation, ambulance costs, pre and post hospitalisation, restoration of the sum insured, day care treatments, alternative treatments, etc. Moreover, premium discounts and rebates are allowed if you maintain a good health and live a healthy lifestyle.
Incurred Claim Ratio

Incurred Claim Ratio (ICR) measures the earned premium which is spent in paying claims. Aditya Birla Health Insurance’s ICR for the financial year 2018-19 was 59%. This shows that the company managed to keep the ratio below 100% and earned a profit which strengthened its financial condition. Note that the Incurred Claim Ratio changes from time to time.
Tax Benefit

Premiums paid towards health insurance plans qualify for deduction under Section 80D. Aditya Birla’s health insurance plans also allow this tax-saving deduction. You can claim a maximum deduction of up to Rs. 55,000 (Rs. 25,000 for individual and Rs. 30,000 for senior citizen) by investing in Aditya Birla Health Insurance plans.

Customer Care No:18002707000

We all want to ensure that our loved ones have a comfortable life and secured future. Choosing the best term life insurance plan is the first step towards providing a strong foundation of financial security for them. Tata AIA’s Sampoorna Raksha Supreme is a comprehensive term life insurance plan that offers financial protection to your family and provides you with the flexibility to choose the plan that suits your needs. Insure today so that your loved ones can continue to lead the life of their dreams.

Key Feature:

Portability option
Lifelong reviewability
Hassle-free claim settlement
Wellness coach and personalized advice
Tax benefits under Section 80C of the Income Tax Act

Elegibility:

Senior Citizen Covered
Top Policy Available
Investment plan available.

What are the Benefits of Life Insurance?

Financial Protection:

A life insurance plan ensures that your family will be financially secure in your absence. The life insurance coverage pays out the sum assured to your family or beneficiary if you meet an untimely demise during the policy term.

Wealth Creation:

In the case of savings plans or Unit-Linked Insurance Plans, you can invest in the policy through your premium payment over the long term. This financial corpus is paid out as the maturity benefit if you outlive the policy term.

Assured Returns:

Savings plans or retirement savings plans offer guaranteed and assured returns on maturity. You can save your money over the years as you pay your premiums. On maturity, this amount can be availed of either as a lump sum or as a regular income.

Tax Benefits:

Under Section 80C of the Income Tax Act, you can claim a tax deduction of up to ₹ 1.5 Lakh on the paid premiums. The death benefits and maturity benefits/bonuses/loyalty additions (subject to policy conditions) are tax-exempt under Section 10(10D).

Low Premiums:

If you plan to get life insurance, purchasing the policy at a younger age ensures lower premiums, owing to lower health risks. The premium amount is higher if you buy life insurance later at an older age.

Long Term Coverage:

Some term insurance plans offer a long coverage, with some plans offer cover up to 100 years of age. With this, you can ensure that you and your family are protected for your whole life.

Customer Care No:+91 22 6984 9300 +91 11 6615 8748

SBI Life insurance (or commonly final expense insurance or life assurance, especially in the Commonwealth) is a contract between an insured (insurance policy holder) and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the “benefits”) in exchange for a premium, upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses (such as funeral expenses) can also be included in the benefits.

Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot, and civil commotion.

Life-based contracts tend to fall into two major categories:

Protection policies – designed to provide a benefit, typically a lump sum payment, in the event of specified event. A common form of a protection policy design is term insurance.
Investment policies – where the main objective is to facilitate the growth of capital by regular or single premiums. Common forms (in the U.S.) are whole life, universal life, and variable life policies.