Aditya Birla Super Term Plan Review: Features, Benefits & Premiums

The Aditya Birla Super Term Plan is a flexible, feature-rich term insurance option designed to adapt to changing life needs. We’ve analyzed its brochure, policy wordings, and pricing to break down its features and benefits, optional riders available, and competitiveness. This detailed review will help you decide if Aditya Birla Super Term Plan is the right fit for your needs.

Key In-Built Features

• Terminal Illness Benefit: If the life insured (up to age 80) is diagnosed with a terminal illness while the policy is active, a lump-sum payout of 50% of the sum assured (SA) on death, capped at ₹1 crore, is made immediately, and all future premiums are waived.
  This benefit is payable upon diagnosis of a terminal illness, not upon death, and applies only on the first terminal illness diagnosis. If the insured passes away later, the death benefit is reduced by the amount already paid under this benefit.
• Early Exit Value: This is available under Plan Options 1 and 2. It allows policyholders to exit the plan later and receive 100% of the total premiums paid.
  The option can be exercised only if the policyholder is aged 60–75, has completed 30 policy years, does not exit within the last five years of the policy term, and has a maturity age of at least 70.
• Instant Payment on Claim: If the life insured passes away, the insurer pays an immediate advance payout from the base sum assured within 1 working day of registering the claim (as long as mandatory documents are submitted). This amount is ₹1 lakh for policies with a sum assured of ₹50 lakh–₹1 crore, and ₹2 lakh for sum assured above ₹1 crore.
  The policy must be in force for at least 3 years, and any advance payment can be recovered by the insurer if the claim is rejected later.
• Enhanced Life Stage Protection: This option allows policyholders to increase your sum assured without medical tests when key life events occur: marriage (up to ₹50 lakh), birth of up to two children (₹25 lakh each), or taking a home loan (up to ₹50 lakh).
  It must be opted at inception and exercised within one year of the event, before age 50. Only available under Plan Options 1 and 3, and premiums rise proportionately.
• Health Management Services: The plan offers complimentary wellness support, including tele-consultations, coaching, second opinions, and case management. These value-added services are not cash benefits and are available only to eligible policyholders, after the free-look period.
  Provided at no extra cost by third-party providers, the services are optional, accessible under specified eligibility rules (page 7 of brochure) and available for up to 20 years or the policy term, whichever is lower.
• Cover Continuance Benefit: This feature (for Plan Options 1 and 2) helps in pausing premium payments for up to 12 months while your life cover stays active. Policyholders can use it after completing 5 policy years, with all premiums paid and a written request 60 days in advance.
  It can be used up to three times with a five-year gap. Unpaid premiums are deducted from claims. 
• Accelerated Critical Illness (ACI) Benefit: If chosen at inception, the ACI Benefit pays a lump sum on first diagnosis of any of the 42 covered critical illnesses, after which the benefit ends. The payout is accelerated (paid early by deducting it from the life cover).
  One can choose a minimum ₹5 lakh up to 50% of the base sum assured (maximum ₹50 lakh). Only one claim can be made under this benefit. It comes with a 90-day waiting period, and coverage continues until the earlier of age 70 or the end of the Premium Payment Term (PPT). After a payout is made, future premiums are adjusted accordingly.

Optional Riders with Aditya Birla Super Term Plan

01

ABSLI Critical Illness Rider

This rider pays a lump sum if the policyholder is diagnosed with any of the four specified critical illnesses. Payouts start only after a 90-day waiting period from policy start or revival. The payout is 100% of the rider sum assured, after which the rider terminates. Policyholders can choose either this rider or the previously mentioned Accelerated Critical Illness Benefit, but not both.

02

ABSLI Accidental Death and Disability Rider

If the policyholder dies in an accident within 180 days, the nominee gets an extra lump sum on top of the base cover. For accidental disability, a portion of the rider sum is paid depending on severity: 100% for total loss of both hands, feet, or sight, and 25–50% for partial disabilities as specified.

03

ABSLI Accidental Death Benefit Rider Plus

This rider pays an additional lump sum equal to 100% of the rider sum assured if the life insured dies due to an accident. Additionally, any rider premiums paid after the date of the accident up to the date of death are refunded with interest, along with the death benefit.

04

ABSLI Waiver of Premium Rider

If the policyholder faces a covered critical illness or an Accidental Total and Permanent Disability (ATPD), all future premiums are waived, but life cover continues as chosen.

05

ABSLI Hospital Care Rider

It provides a fixed daily cash allowance for hospitalization of at least 24 hours. For ICU stays, policyholders get 100% of the daily benefit, and if hospitalized for 7+ days, a recuperation benefit of 3 times the daily amount is paid.

06

ABSLI Surgical Care Rider

This rider offers a cash benefit for surgeries requiring 24-hour hospitalisation in India. Major surgeries involving vital organs pay 5 times the daily benefit, while other surgeries pay 1 times the daily benefit. Limits apply, such as up to 10 times the daily benefit per year and 50 times over the policy term.

What are the Exclusions in Aditya Birla Super Term Plan?

• Suicide: If the life insured dies by suicide within 12 months of the policy start or revival, the full death benefit won’t be paid. Instead, ABSLI will refund the premiums paid, or pay the surrender value (Plan 3) or Unexpired Risk Premium (Plans 1 & 2), whichever is higher, provided the policy is in force. 
• Terminal Illness: No Terminal Illness benefit is payable if the condition is caused or worsened by intentional self-inflicted injury or suicide, regardless of mental state.

Read more: Types of deaths not covered under a term insurance plan.

Aditya Birla Super Term Plan Premium Comparison

The premium comparison is based on a ₹2 crore sum assured for a non-smoker male from Delhi, with coverage extending until age 70.

Key Insights:  As expected, premiums go up with age across all plans if the decision to purchase is deferred. The ABSLI Super Term Plan is reasonably priced, though a bit higher than AMLI Smart Term Plan Plus and ICICI Pru iProtect Smart Plus, especially for younger buyers. HDFC Life Click2Protect Supreme is the most expensive, while Bajaj Allianz eTouch II falls in the middle range. 

Apart from analyzing the plan’s features, costs, and benefits, policyholders must also review the insurer’s long-term performance metrics to assess overall reliability and service quality.

These metrics indicate that ABSLI consistently delivers strong claim settlement performance, maintains healthy solvency levels, and minimal complaint volumes.

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Final Thoughts

Aditya Birla Super Term Plan offers multiple coverage options, income-based payouts, and optional riders. It provides comprehensive support throughout the policy term. Premiums are competitive, slightly higher for younger buyers, but justified by its extensive inbuilt features.

ABSLI is a reliable mid-sized insurer with a strong claim settlement ratio (98.45% avg 2022–25), healthy solvency (1.8x), and low complaints. Although it has a smaller market share than the leading insurers, it remains a well-rounded choice for term insurance.

Since this is a non-partner insurer, all information in this review is based solely on publicly available sources such as the insurer’s website, policy documents, and regulatory disclosures.