Aditya Birla Sun Life Insurance

Key Insights

Claim settlement ratio (2019-20) Inception
98.08% 2000
Presence Total death benefit paid
340+ offices Rs. 342.89 Crores
Solvency ratio
1.80
Claim settlement ratio (2019-20)
98.08%
Inception
2000
Presence
340+ offices
Total death benefit paid
Rs. 342.89 Crores
Solvency ratio
1.80

About Aditya Birla Sun Life Insurance

Aditya Birla Sun Life Insurance Company Limited is a part of Aditya Birla Capital Limited. Incorporated in the year 2000 and commenced operations in the year 2001. Aditya Birla Sun Life Insurance is a joint venture between the Aditya Birla Group and Sun Life Financial Inc., an international financial services organization in Canada.

Aditya Birla Sun Life Insurance is present in pan India through 340+ branches, 7 bancassurance partners, 6 distribution channels and over 79,500+ direct selling agents, other Corporate Agents and Brokers.

With Pazcare the employers can provide their employees with a group term life insurance policy from Aditya Birla Sun Life Insurance company. Get the best quotes for the Aditya Birla group term insurance policy and manage the policy using Pazcare’s tech-enabled dashboard. 

How to buy Aditya Birla group term life insurance with Pazcare?

These simple steps allow you to purchase Aditya Birla group term life insurance policy online from Pazcare.

  1. Visit Pazcare

Visit Pazcare, and choose group term insurance. If you are new to buying a group term policy, we recommend you review our offerings before purchasing the Aditya Birla group term life insurance policy.

  1. Consult with our insurance experts

After submitting the form, our insurance experts will call you within 24 hours. Share your requirements to personalize your Aditya Birla group term insurance policy offering with Pazcare.

  1. Product demo & sharing active employee data

We provide you with a product demo of how to administer the Aditya Birla group term life insurance plan using the Pazcare dashboard. Once approved, share with us your active employee data to proceed with the process of buying the Aditya Birla group term life insurance for employees.

  1. Getting quotes & onboarding

We get you competitive quotes from Aditya Birla Sun Life Insurer and other 4+ life insurers. Choose the best offering, say Aditya Birla group term insurance policy and the onboarding process begins in 24 hours. You are covered with the best employee benefits from Pazcare.

Aditya Birla group term life insurance plan from Pazcare

Aditya Birla group term insurance for employees is a fully customizable group term life insurance plan. The premiums paid are much lower than those of other retail term insurance plans. The plan comes with optional rider benefits like

  • Critical illness rider
  • Accidental death rider
  • Accidental death and dismemberment rider
  • Total and permanent disability rider

These are some of the rider options available for your Aditya Birla group term insurance policy. The riders can be claimed according to the terms and conditions of the policy with Pazcare.

Further, the sum assured to the employees can be decided based on the type of sum assured you wish to offer. For instance, the plan has two types - the flat sum assured and CTC-based sum assured up to 5 Crores. Hence, you can choose the sum assured you wish to offer.

Aditya Birla group term insurance renewal with Pazcare

The Aditya Birla group term insurance can be renewed easily with Pazcare at end of the policy term. Here is how you can renew your group term life insurance policy.

  1. Visit Pazcare

Visit Pazcare, and choose group term insurance. If you are new to renewing your Aditya Birla group term insurance policy, we recommend you review our offerings before purchasing the Aditya Birla group term life policy.

  1. Consult with our insurance experts

After submitting the form, our insurance experts will call you within 24 hours regarding the Aditya Birla group term insurance policy renewal. Please submit active employee data, policy copy, claim dump report & claim analysis report to proceed.

  1. Product demo & personalisation

We provide you with the product demo if you are new to buying/renewing the Aditya Birla group term insurance plan with Pazcare. The above-submitted documents allow us to personalise your Aditya Birla group term policy according to the previous offerings.

  1. Getting quotes & onboarding

We get you competitive quotes from Aditya Birla Sun Life Insurance and other 4+ insurers. Choose the best Aditya Birla group term life insurance policy renewal offering and the onboarding process begins in 24 hours. You are covered with the best employee benefits from Pazcare.

Aditya Birla Sun Life Insurance claim settlement ratio

The claim settlement ratio is the percentage of the claims settled by the Aditya Birla Sun Life insurance company during a particular financial year. Hence, the higher the claim settlement ratio, the better chances of the claims getting settled. 

In the financial year 2021-22, the claim settlement ratio of Aditya Birla Sun Life Insurance is 98.08%.

Aditya Birla group term insurance premium

The Aditya Birla group term insurance premium depends on various factors like

Aditya Birla group term life insurance premium chart Aditya Birla group term life insurance premium chart
Aditya Birla group term life insurance premium chart

Aditya Birla group term insurance benefits with Pazcare

Purchasing your Aditya Birla Sun Life Insurance company's group term life insurance policy for employees from Pazcare has the following benefits.

Tax benefits

As employers, when you pay the premium towards the Aditya Birla group term life insurance policy, you are eligible to avail tax benefits under Section 37(1) of the Income Tax Act of 1961.

Choose your riders

Your Aditya Birla Sun group term life insurance policy comes with customizable riders like critical illness rider, income benefit rider, accidental death benefit, etc at a much lower price than the existing policy.

No medical screening needed

The group term life insurance policy does not require any medical tests to be taken before purchasing the policy. However, this depends on the terms and conditions of the policy.

340+ branches

Aditya Birla Sun Life Insurance company has 340+ branches present in pan India. This means the offices are easily accessible near most geographical locations for paying the premiums offline or filing for claims offline.

High claim settlement ratio

The claim settlement ratio of Aditya Birla Sun Life Insurance company for the financial year 2021-22 is 98.08%. This means the chances of settling the claims for your group term life insurance policy are high.

Aditya Birla group term insurance claim process with Pazcare

1

Collect the necessary documents

Firstly, collect all the originals of the necessary documents that have to be submitted to raise a death claim.

2

Submit these documents

Submit the supporting documents along with the policy details of the deceased employee.

3

Claim settlement

Once the policy details are verified along with the supporting documents and the information looks credible, the claim is settled directly with the nominee or the employer.

4

Contact us for assistance

Contact Pazcare for any queries or guided claim assistance at support@getpaz.com or call our customer care at +91 78291 11300.

1

Collect the necessary documents

Firstly, collect all the originals of the necessary documents that have to be submitted to raise the rider claim.

2

Submit these documents

Submit the supporting documents along with the policy details of the insured employee.

3

Claim settlement

Once the policy details are verified along with the supporting documents and the information looks credible, the claim is settled directly to the insured employee.

4

Contact us for assistance

Contact us for any queries or guided claim assistance at support@getpaz.com or call our customer care at +91 78291 11300.

Documents required to claim Aditya Birla group term insurance

Here are the documents that you require to claim the Aditya Birla group term insurance policy

Documents required to claim group term life plan Documents required to claim group term life plan
Documents required to claim group term life plan

Why buy a group term life insurance
policy online from Pazcare?

  • Choose the suitable policy with our consulting approach
  • Custom-made plan with health and mental wellness add-ons
  • The tech-enabled Pazcare dashboard to manage endorsements
  • Integrate the dashboard with your HRMS tool
Pazcare DashboardPazcare app
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Aditya Birla Sun Life Insurance customer care number

Aditya Birla Sun Life Insurance customer care is available 24X7 for any queries regarding your group term life insurance policy.

For any queries or assistance, reach out to us at any time. We provide 24X7 customer assistance.

Aditya Birla Sun Life Insurance

1800 270 7000

Available 24X7

Aditya Birla Sun Life Insurance FAQs

What is Aditya Birla Sun Life Insurance contact number?

The Aditya Birla Sun Life Insurance contact number is 1800 270 7000. Alternatively, you can email them at care.lifeinsurance@adityabirlacapital.com 

What is Aditya Birla Sun Life Insurance head office address?

The Aditya Birla Sun Life Insurance head office address is

Aditya Birla Sun Life Insurance Company Limited

One Indiabulls Centre, Tower 1,

15th & 16th Floor, Jupiter Mill Compound,

841, Senapati Bapat Marg,

Elphinstone Road,

Mumbai - 400013

What is Aditya Birla Sun Life Insurance claim settlement ratio?

The claim settlement ratio of Aditya Birla Sun Life Insurance for the financial year 2021-2022 is 98.08%.

How is the premium calculated for Aditya Birla term insurance for employees?

The premium for Aditya Birla term insurance for employees or commonly known as Aditya Birla group term insurance is calculated based on various factors like

  1. Sum assured
  2. Designation and CTC of employees
  3. Covid and vaccination status
  4. Risk of the job
  5. Claim history of last 3 years.