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Aditya Birla Sun Life Insurance Premium Calculator

Aditya Birla Sun Life Insurance Premium Calculator

The Aditya Birla Sun Life Insurance premium calculator is used to calculate the premium for Aditya Birla Sun Life Insurance’s annual, half-yearly, quarterly, and monthly periods. The tool is simple to use and allows you to choose the premium, level of coverage, and length of the policy that works best for you.

One can plan in advance according to the customer’s budget and needs using the Aditya Birla Sun Life Insurance premium calculator. It helps you to decide how long you should pay a life insurance premium in order to receive the payout or sum assured from a life insurance policy that you need.

Benefits Of Using Aditya Birla Sun Life Insurance Premium Calculator

Some of the benefits of using the Aditya Birla Sun Life Insurance premium calculator are as discussed below:

  • Instant Calculation: The premium calculators on the Aditya Birla Sun Life Insurance platform can assist you in determining your premium depending on the policy’s requirements. The customer must submit details like gender, age, cover-up, and life insurance. The calculator quickly determines premium payments based on the amount of the sum assured.
  • Transparent: The company’s premium calculator displays all fees upfront and discloses all expenditures with no hidden costs. The calculator displays precise premiums that are determined based on the data the applicant submits.
  • Accurate Premium: Finding the appropriate premium for your life insurance plan is the primary goal of the Aditya Birla Sun Life Insurance premium insurance calculator. Knowing the premium costs for various plans will enable you to compare them and select the life insurance policy with the best price for your particular needs.
  • Hassle-Free: The premium calculators on Aditya Birla Life Insurance’s website are incredibly user-friendly and accessible to everyone. Simply providing the necessary information will automatically calculate the premium.

Types Of Calculators Offered By Aditya Birla Sun Life Insurance

There is no denying the fact that Aditya Birla Sun Life Insurance premium calculators can help you to plan your future effectively. The company offers the below-mentioned types of calculators to its customers:
Type Of Calculator Description
Endowment Plan Calculator Aditya Birla’s Endowment Plan Calculator is a powerful and handy tool to design the plan as per the financial capability to sustain the policy in the long term.
Savings Plan Calculator The company’s Savings Plan Calculator creates a money-saving plan to assess the amount of money you need to save monthly or annually in order to attain your financial goals.
Term Insurance Calculator The Term Insurance Calculator of the company requests certain information from users in order to estimate the premium cost for the requested insurance coverage. Considerations include your annual income, projected years of employment, anticipated personal expenses, and an estimated annual rise in income.
Retirement Plan Calculator The retirement planning calculator multiplies your age and desired investment amount by a compounding rate to determine the precise retirement corpus you may create.
Critical Illness Calculator Calculate your potential need for critical illness insurance quickly with this calculator. Add your monthly income to any extra expenses you wish your policy’s lump-sum benefit payment to cover.
Child Plan Calculator This calculator was created to assist parents in effectively planning investments for a child plan. It determines the amount that must be invested each month by considering the required corpus, the length of the investment, inflation, and the predicted rate of return.
ULIP Plan Calculator The ULIP calculator of Aditya Birla Sun Life Insurance is a simple tool that you can use to predict the return you might get at maturity by entering a few details. Simply enter the frequency of premium payments, premium amount, fund type, return percentage, and length of the investment.
Group Insurance Calculator This calculator will calculate your premium according to your age, employment type, premium frequency, and the selected coverage. When calculating the premium, the average age of the insured individuals will be taken into account.
Defence Personnel Plans Calculator Specifically catering to the requirements of defence personnel, this calculator estimates the amount of premium that the customers need to pay after purchasing a Defence Personnel plan.

Common Process Of Calculating Premium For Aditya Birla Sun Life Insurance

If you wish to know the common steps for calculating the premium for Aditya Birla Sun Life Insurance, they are as follows:

  1. Visit the official website of the company.
  1. On the top menu bar, click on “All Insurance” and then select any one plan from the drop-down menu, let’s say “Term Insurance”.
  1. Select any plan that you wish to buy and then press “Check Premium” after submitting details.
  1. You will be taken to a new page where you must enter your basic information for the premium calculator, including your age, gender, life insurance coverage, and the age range to which it is applicable.
  1. Your premium quotation will be generated on your screen right away when you input these details.

Practical Premium Illustration Of Aditya Birla Sun Life Insurance

Imagine Mr. Mukesh, age 29 years, is wishing to purchase a retirement plan. After searching online and comparing various plans, he decided to choose Aditya Birla Sun Life Empower Pension Plan. He entered all basic information as well as policy details and got a quote.

Here’s the sample illustration for the same!

Insurance Details

Name Of The InsuredMukesh Choudhary
Age29 Years
Term10 Years
Accumulated Period10 Years
Basic PremiumRs. 1,00,000
Plan OptionAssured
Fund Value4%
Pay FrequencyMonthly

Product Returns

Time PeriodFund ValueSurrender BenefitDeath Benefit
Aug 2022-Aug 2023Rs. 93,874Rs. 87,228Rs. 1,05,000
Aug 2023-Aug 2024Rs. 1,90,622Rs. 1,85,902Rs. 2,10,000
Aug 2024-Aug 2025Rs. 2,89,734Rs. 2,86,194Rs. 3,15,000
Aug 2025-Aug 2026Rs. 3,91,863Rs. 3,89,503Rs. 4,20,000
Aug 2026-Aug 2027Rs. 4,96,488Rs. 4,96,488Rs. 5,25,000
Aug 2027-Aug 2028Rs. 6,05,431Rs. 6,05,431Rs. 6,30,000
Aug 2028-Aug 2029Rs. 7,17,382Rs. 7,17,382Rs. 7,35,000
Aug 2029-Aug 2030Rs. 8,32,424Rs. 8,32,424Rs. 8,40,000
Aug 2030-Aug 2031Rs. 9,50,643Rs. 9,50,643Rs. 9,50,643
Aug 2031-Aug 2032Rs. 1,072,124Rs. 1,072,124Rs. 1,072,124

While Aditya Birla Life Insurance plans are entirely intended for protection and investment benefits, the company’s life insurance premium calculators can assist individuals in making wise decisions. The customers can estimate the premium amount for all the life insurance products and plan their finances effectively.