The subsidiaries of Aditya Birla Sun Life are well-represented in the areas of financing, investing, and protection. Aditya Birla Sun Life is a comprehensive financial solutions company that serves a wide range of client demands throughout their life cycles. Driven by over 23,500 workers, Aditya Birla Sun Life’s companies operate across the country with over 900 locations, over 2,000,000 agents and channel partners, and multiple bank partners. So, see below Aditya Birla Sun Life Agent Commission Chart 2025.
What are the types of Life Insurance that Aditya Birla Capital offers?
Table of Contents
Term Plans:
The “term” is the amount of time that it offers coverage. There is no payoff if you live out the term, but your beneficiaries will get a lump sum payment if you pass away within that time.
Savings Plans:
It assists you in accumulating wealth through consistent and methodical saving. After the lock-in period, it allows for partial withdrawals, and when the plan matures, you can get your entire balance.
Child Plans:
These are insurance and investment solutions in which the investment grows your money while the life insurance protects your child’s financial future. It permits partial withdrawals to cover urgent expenses.
Retirement Plans:
With the aid of investments, it enables you to build wealth and produce a consistent income in retirement. You may receive recurring income, a lump sum payment, or both.
ULIP Plans:
To build wealth over time, these plans make investments in market-linked securities. ULIP plans offer payouts for both maturity and death. Following the conclusion of the lock-in period, the majority of plans permit partial withdrawals.
Endowment Plans:
Savings and protection are combined in this package. Your family will receive a Guaranteed# amount if you pass away within the period. In every other case, you receive the total amount plus interest.
Critical Illness Plans:
This kind of insurance provides a one-time payment in the event that you are found to have a serious sickness. You can use the funds to help you replace your lost income or to pay for your medical bills.
How much Life Insurance coverage do I need?
Even though you don’t yet have any dependents, you can still have bills like home or education loans to repay. Those should be covered by your life insurance policy. A simple approach is to set the sum assured at fifteen times the yearly income.
Your insurance should be able to provide for your children’s financial security for the next eight to ten years, even if they are little now. Therefore, it’s a good idea to have 10–12 times your annual income.
Your financial responsibilities are probably at their heaviest right now, with your children attending college or getting married, therefore you should ideally choose a sum that is at least 15–20 times your yearly salary.
Your spouse may be your only significant duty at this point. You can choose a policy that is 10–12 times your most recent yearly income, nevertheless, if you still wish to leave a legacy for your adult children.
A life insurance policy that covers five to ten times your yearly income should be adequate at this age. This would guarantee your spouse’s financial stability while you are away.
What should I check before choosing a plan?
Claim settlement ratio (CSR):
It is the proportion of claims that an insurance provider has fully reimbursed. The employer is more likely to approve your claim if your CSR is greater.
Years of existence:
An insurance company’s likelihood of being financially secure and able to pay out your claims increases with the length of time it has been in business.
Assets under management (AUM):
This is a gauge of the company’s size and financial health. A higher AUM suggests that the business is well-known and that many people have faith in it.
Ratings across platforms:
Various agencies assign ratings to insurance firms. It is more reliable and likely to pay out your claims if it has a higher rating.
Customer reviews:
You can spot any possible red flags or problems that customers may have had with the insurance business by reading customer reviews.
Types of Plans Offered:
Choose an insurance company that offers the plans and coverage you require because not all of them have the same offerings.
Steps to Become a Digital Life Insurance Advisor with Aditya Birla Sun Life Insurance:
The steps to become Aditya Birla Sun Life Insurance agent are…
Complete your documentation:
The list of documents needed to apply for the IRDAI government test is as follows:–
- Digital signature photo
- Pan card
- Highest qualification marksheet (minimum 12ⵗʰ pass)
- Cancelled check
- A passport-sized photo
- The name and date of birth of the nominee.
Get trained for the IRDAI exam:
To assist you in getting ready for the IRDAI exam, we provide you training. Additionally, we provide you with extra training and specific support on products, marketing strategies, and other life insurance-related topics.
Pass the examination & get your business code:
You will receive your IRDAI license, visiting cards, and certificate upon passing the exam.
Start providing solutions to people & earn amazing payouts:
After offering your clients solutions, receive thrilling bonuses, prizes, and awards.