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ABSLI Life Shield Plan Product FAQs (2019)
ABSLI Life Shield Plan Product FAQs (2019)
ABSLI Life Shield Plan Product FAQs (2019)
Contents
Section A ............................................................................................................................................................................................... 3
1. What is ABSLI Life Shield Plan? ........................................................................................................................................... 3
2. What are the significant features of ABSLI Life Shield Plan? ............................................................................................. 3
3. Am I eligible for this plan? .................................................................................................................................................. 3
4. How can I buy this plan? ..................................................................................................................................................... 3
Section B ............................................................................................................................................................................................... 3
5. What is the Sum Assured offered under this plan? ............................................................................................................ 3
6. What is the term of the policy? .......................................................................................................................................... 4
7. What is the premium paying term of the policy? ............................................................................................................... 4
8. What is the classification for lives to be assured under this plan? .................................................................................... 4
9. What are the differential premium rates offered under this plan? .................................................................................. 4
10. What are the plan options available under this plan? ....................................................................................................... 4
11. Can I change the Increasing Term Assurance percentage anytime during the term? ....................................................... 5
12. Can this plan be taken only on single life basis? ................................................................................................................ 5
13. Can I increase my Sum Assured during the policy term? ................................................................................................... 6
14. What are the requirements for Enhanced Lifestage Protection Option? .......................................................................... 6
15. Can I reduce my Sum Assured during the policy term? ..................................................................................................... 6
Section C ............................................................................................................................................................................................... 7
Premium ............................................................................................................................................................................................... 7
16. What is the minimum and maximum premium to be paid? .............................................................................................. 7
17. How can I pay my premiums? ............................................................................................................................................. 7
18. Do I pay less if I choose to pay my premiums annually? .................................................................................................... 7
19. How will my premium be calculated if I opt for Joint Life Protection? ............................................................................. 7
20. Will my premium change if I increase my sum assured under Enhanced Lifestage Protection? ...................................... 7
21. Will my premium change if I reduce my sum assured after opting for Enhanced Lifestage Protection? ......................... 8
22. What is the terminal illness benefit offered under this plan? ........................................................................................... 8
23. What is the death benefit offered under this plan? ........................................................................................................... 8
24. What are the options to receive the death benefit under this plan? .............................................................................. 10
25. What is the maturity benefit under this plan? ................................................................................................................. 11
26. What is the surrender benefit under this plan? ............................................................................................................... 11
27. Is there any rider benefit in this plan? .............................................................................................................................. 11
28. Do I have a loan facility under this plan?.......................................................................................................................... 11
29. Can I avail of tax benefits under this plan? What are the benefits available? ................................................................ 11
Premium Discontinuance and Revival ............................................................................................................................................ 11
30. What happens if I do not pay my premium on time? ...................................................................................................... 11
31. What happens if I do not pay my premium within the grace period? ............................................................................. 12
32. What is Reduced Paid-up policy? ...................................................................................................................................... 12
For Regular Pay Policy: Not Applicable ........................................................................................................................................... 12
33. How can I revive my policy? .............................................................................................................................................. 12
Termination .................................................................................................................................................................................... 12
34. How long will my policy continue? ................................................................................................................................... 12
Definitions & Exclusions ................................................................................................................................................................. 13
35. What is the definition of Terminal Illness? ....................................................................................................................... 13
36. What is the definition of Total and Permanent Disability (TPD)? .................................................................................... 13
37. What is the condition in Critical Illness covered & excluded? ......................................................................................... 13
38. Are there any exclusion’s applicable under this plan? ..................................................................................................... 16
Operational & Underwriting Guidelines ......................................................................................................................................... 17
39. What application form is required for ABSLI Life Shield Plan Plan? ................................................................................ 17
40. How will the client be identified as non-smoker? ............................................................................................................ 17
41. Can housewives be covered under this plan? .................................................................................................................. 17
42. Can this plan be given to NRIs? ......................................................................................................................................... 17
Section A
In this plan the proposer and life insured have to be same person. So client will not be able to take this plan for his /
her spouse. However, under Joint Life Protection, two lives i.e. client (primary life insured) and spouse (secondary life
insured) are covered under the same policy.
Section B
Plan Structure
9. What are the differential premium rates offered under this plan?
This plan offers preferential premium rates for female lives. Also depending upon the category, the client gets discounted
premium rates for non – smoker lives.
10. What are the plan options available under this plan?
ABSLI Life Shield Plan offers the freedom to choose one’s plan options at inception depending on his/her needs.
Option 1: Level Term Assurance
With this option, client chooses the amount of protection he/she needs at inception. Once chosen, the sum assured
will remain constant for the entire policy term.
Example: Ashwin a smoker, aged 30 years chooses a Sum Assured for Rs.1,00,00,000 with an Increasing
Term Assurance option of 10% simple p.a. and policy term of 30 years. He chooses to pay his premium
annually.
Premium payable is Rs.28,085 (exclusive of GST) for all years.
The Sum Assured will increase by Rs.10,00,000 on every policy anniversary.
Policy Year Policy Term upto 20 years Policy Term above 20 years
1 to 5 100% 100%
6 to 10 90% 95%
11 to 15 75% 90%
16 to 20 50% 85%
21 to 25 N/a 70%
26 to 50 N/a 50%
Example: Ramesh a non- smoker, aged 30 years chooses a Sum Assured for Rs. 1,00,00,000 with a Return of
Premium option and policy term of 30 years. He chooses to pay his premium annually.
Premium payable is Rs.17,100 (exclusive of GST) for all years and at the end of the policy term in
case of survival, Ramesh will get back the premium of Rs.5,13,000 as maturity benefit.
11. Can I change the Increasing Term Assurance percentage anytime during the term?
No, the Increasing Term Assurance provides option to enhance the sum assured by 5% or 10% at inception depending on
client’s needs. This percentage chosen at policy inception cannot be increased or decreased.
Example: Mohan, aged 35 & Neena, aged 30 years are a couple and want to take life cover under a joint life
policy for term 30 years. Both Mohan & Neena are non-smokers. Mohan opts for a Sum Assured of Rs. 1 crore.
Neena will get Sum Assured of Rs. 50 lacs under the same policy. They can opt for Plan Option 1, 2, 3 or 4
depending on their needs. They cannot opt for any riders under this plan.
Example: Ansh, a non-smoker, aged 30 years chooses a Sum Assured of Rs. 1,00,00,000 with level term
assurance and policy term of 30 years with regular premium paying term. He gets married to Neha when he is
32 years of age.
As per Enhance Lifestage Protection feature, he can opt to increase his Sum Assured by 50% after his
marriage.
Increased Sum Assured = Rs.1,00,00,000 + 50% of Rs.1,00,00,000 i.e. Rs.1,50,00,000.
14. What are the requirements for Enhanced Lifestage Protection Option?
The increase in sum assured will be effective the next policy anniversary. This option may be exercised subject to the
following conditions:
For Plan Option 1 &2 only (Level Term Assurance & Level Term Assurance with WOP Benefit)
Attained age of Life Insured is less than or equal to 50 years (age last birthday);
Available for regular pay option;
All due instalment premiums have been paid;
Life Insured has been accepted as a standard life at inception;
Written request within six months of the occurrence of the event;
Additional documents as required by the Company to confirm the above mentioned events;
Rider benefit, if any, has not been claimed
Joint Life Protection option has not been chosen
Example: Continuing from the previous example, Ansh opted for Enhanced Lifestyle Protection feature & Sum
Assured has increased from Rs.1,00,00,000 to Rs.1,50,00,000 at age 32. Now, he is 55 years of age & wants to
reduce his cover to the original Sum Assured i.e. from Rs.1,50,00,000 to Rs.1,00,00,000. Ansh can reduce his
Sum Assured to the original level.
Section C
Premium
19. How will my premium be calculated if I opt for Joint Life Protection?
Premium for joint life policy will be calculated as premium for primary life insured plus the premium for secondary life
insured (with a discount of 10% on the premium for secondary life insured).
Example: Mohan (primary life insured), aged 35 & Prema (secondary life insured), also aged 35 years are a couple
and want to take life cover under a joint life policy, Level Term Assurance with WOP Benefits option, for a term of
30 years. Both Mohan & Prema are non-smokers. Mohan opts for a Sum Assured of Rs. 1 crore. Prema can get
Sum Assured of Rs. 50 lacs under the same policy.
Annual Premium for Mohan for SA 1 crore is = Rs. 11,955
Annual Premium for Prema for SA 50 lacs is = Rs. 5145
So, total premium for joint life policy will be = Rs. 17,100.
20. Will my premium change if I increase my sum assured under Enhanced Lifestage Protection?
Yes, future premiums will be increased in proportion of the increase in the sum assured to the sum assured at inception of
the policy. The increase in premium will be effective from the subsequent policy anniversary.
For example, the premium will be increased by 50% for a 50% increase in sum assured.
Example: Vimal, a non-smoker, aged 30 years chooses a Sum Assured of Rs. 1,00,00,000 with level term
assurance and policy term of 30 years with regular premium paying term opted for Enhanced Lifestyle
Protection feature & Sum Assured has increased from Rs. 1,00,00,000 to Rs. 1,50,00,000 at age 32. He gets
married to Neha when he is 32 years of age. His premium will also increase proportionately.
Initial Sum Assured Rs. 1,00,00,000
Initial Premium Rs. 8,790
Increased Sum Assured Rs. 1,50,00,000
Increased Premium Rs. 13,185
He can opt to increase his Sum Assured by 50%.
Increased Sum Assured = 1,00,00,000 + 50% of 1,00,00,000 i.e. 1,50,00,000
21. Will my premium change if I reduce my sum assured after opting for Enhanced Lifestage Protection?
Yes, the premium shall be decreased by the same amount as the premium was increased while exercising the Enhanced
Lifestage Protection option. For example, if all Enhanced Life Stage Protection increases are removed, the premium will
revert to its original level.
Example: Continuing from the previous example, Vimal opted for Enhanced Protection feature & increased
Sum Assured has increased from Rs. 1,00,00,000 to Rs. 1,50,00,000 at age 32. Now, he is 55 years of age &
wants to reduce his cover to the original Sum Assured i.e. from Rs. 1,50,00,000 to Rs. 1,00,00,000. His
premium will also reduce proportionately.
Benefits
22. What is the terminal illness benefit offered under this plan?
In case life insured is diagnosed with a Terminal Illness while the policy is in force, 50% of the applicable Sum Assured on
Death, subject to a maximum of Rs. 2.5 crore, will be paid immediately and future due premiums are waived off. On
subsequent death of the Life Insured during the policy term, the Sum Assured on Death shall be reduced by the amount of
Terminal Illness Benefit already paid.
Terminal Illness Benefit shall only be payable on the first diagnosis of any Terminal Illness of the Life Insured during the
policy term. In case of joint life policy, the Terminal Illness Benefit as explained above shall be applicable in respect of both
i.e. the primary life insured and the secondary life insured.
Example: Ansh a smoker, aged 30 years chooses a Sum Assured for Rs. 1,00,00,000 with an Increasing option
of 10% simple p.a. and policy term of 30 years.
The Sum Assured will increase by Rs. 10,00,000 on every policy anniversary.
In the 21st policy year, Ansh is diagnosed with a terminal illness.
The Effective Sum Assured in 21st policy year will be 1,00,00,000 + 1,00,00,000 x 10% x 20 = 3,00,00,000
Since the Sum Assured on Death in 21st year is Rs. 3,00,00,000
50% of the Sum Assured on Death i.e. Rs. 1,50,00,000 will be paid immediately.
The absolute amount assured to be paid on death is the Effective Sum Assured as on the date of death.
Under Plan Option 1 or 2 or 7 or 8 – The Effective Sum Assured is the sum assured at inception and same will
remain constant throughout the policy term.
Under Plan Option 3 or 4 – Effective Sum Assured will increase on every policy anniversary. The amount by which
the Effective Sum Assured will increase on every policy anniversary is the sum assured at inception multiplied by
5% / 10% p.a. (simple), as chosen by you at inception.
Under Plan Option 5 or 6 – The Effective Sum Assured is the sum assured as per the Decreasing Sum Assured
Schedule.
For Option 1 - Level Term Assurance Option and Option 2 - Level Term Assurance with Waiver of Premium (WOP) Benefits,
the Effective Sum Assured shall include any change in Sum Assured arising from the exercise of the Enhanced Life Stage
Protection option.
ii. In case of death of Secondary Life Insured prior to the death of the Primary Life Insured:
The sum assured in respect of secondary life insured will be paid to the primary life insured.
The primary life insured will become the sole policyholder. Future premiums, if any, will be reduced from the next
policy anniversary to the premium that would have been charged at inception for only primary life insured at policy
inception.
On subsequent death of the primary life insured before the policy maturity date, the sum assured on death in
respect of primary life insured will be paid to the nominee and policy will be terminated.
iii. In case of death of both the life insured’s at the same time
Sum assured on death in respect of the primary life insured and the sum assured in respect of secondary life
insured shall be paid to the nominee and the policy shall be terminated.
Example: Aakash (primary life insured), aged 35 & Meera (secondary life insured), aged 30 years have taken life cover
under a joint life policy with a Level Term Assurance Option and a policy term of 30 years. Sum Assured for Aakash is Rs.
1 crore & for Meera is Rs. 50 lacs.
In case of death of Aakash prior to Meera
Sum Assured on Death for Aakash will be paid to Meera & all future premiums will be waived. Life cover for Meera will
continue for the remaining policy term. In case of subsequent death of Meera, Sum Assured for Meera will be paid to the
nominee & the policy will be terminated.
In case of death of Meera prior to Aakash
Sum Assured for Meera will be paid to Aakash. Premiums for life cover of Aakash will be payable for the remaining term &
life cover for Aakash will continue for the remaining policy term. In case of subsequent death
of Aakash, Sum Assured on Death for Aakash will be paid to the nominee & the policy will be terminated.
In case of death of Aakash & Meera together
Sum Assured on Death for Aakash & Sum Assured for Meera will be paid together to the nominee & policy will terminate.
Under this option, on death of one life insured, the surviving life insured can opt to receive the death benefit as lump sum
or staggered payment as specified below.
The Terminal Illness benefit as explained in the Death Benefit provision shall be applicable to both the primary life insured
and the secondary life insured.
24. What are the options to receive the death benefit under this plan?
The nominee has an option to take the Death Benefit by choosing one of the following options:
Lump sum payment
Or
Staggered payment with fixed annual income. In this option the Death Benefit will be paid as
o One-time payout of 58% of Death Benefit at the time of claim settlement plus;
o The remaining Death Benefit is paid as an annual income. An annual income as a fixed percentage of Death
Benefit on each death anniversary of the life insured for the chosen payout term (10 or 15 years) will be
payable as shown in the table given below:
Example: Ansh has taken a Level Term Assurance Option for a policy term of 30 years. Ansh dies during the
policy term. Death benefit payable is Rs. 1,00,00,000.
The nominee opts to receive death benefit as staggered payment with fixed annual income for 10 years.
Nominee will receive 58% of Death Benefit at time of claim settlement. 58% of 1,00,00,000 i.e. Rs. 58,00,000
will be paid immediately.
On each death anniversary, nominee will receive 5.77% of 1,00,00,000 i.e. Rs. 5,77,000 for the next 10 years.
In case the nominee would like to get a lump sum instead of the staggered payout post exercising this option, a discounted
value of the outstanding annual income shall be paid as lump sum subject to a minimum of the Death Benefit payable less
annual income already paid. The discounted value currently shall be calculated using an interest rate of 6.25% per annum.
This interest rate is subject to change in future with prior IRDA of India approval.
Or
Staggered payment with increasing annual income @ 5% p.a. In this option the Death Benefit will be paid as
o One-time payout of 58 % of Death Benefit at the time of claim settlement plus;
o The remaining Death Benefit is paid as an annual income. An annual income as a fixed percentage of Death
Benefit at the time of claim settlement and then increasing at the rate of 5% per annum simple on each death
anniversary of the life insured for the chosen payout term (10 or 15 years) will be payable as shown in the
table given below:
Payout term % of Death Benefit
10 4.81%
15 3.40%
Example: Ansh has taken a Level Term Assurance Option for a policy term of 30 years. Ansh dies during the
policy term. Death benefit payable is Rs. 1,00,00,000.
The nominee opts to receive death benefit as staggered payment with increasing annual income @ 5% for 10
years.
Nominee will receive 58% of Death Benefit at time of claim settlement. 58% of 1,00,00,000 i.e. Rs. 58,00,000
will be paid immediately.
On first death anniversary, nominee will receive 4.81% of Rs.1,00,00,000 i.e. Rs. 4,81,000.
On 2nd death anniversary, nominee will receive Rs 4,81,000 + 4,81,000*5% = Rs.5,05,050
On 3rd death anniversary, nominee will receive Rs. 5,05,050 + 4,81,000*5% = Rs.5,29,100 & so on for 10
years
Prepared by Product Management 10 For Internal Circulation only
Aditya Birla Sun Life Insurance Life Shield Plan – Frequently Asked Questions
In case the nominee would like to get a lump sum instead of the staggered payout post exercising this option, a discounted
value of the outstanding annual income shall be paid as lump sum subject to a minimum of the Death Benefit payable less
annual income already paid. The discounted value currently shall be calculated using an interest rate of 6.25% per annum.
This interest rate is subject to change in future with prior IRDA of India approval.
Example: Continuing from the previous example, nominee of Ansh is receiving payouts on each death
anniversary of Ansh.
In the 7th year, nominee decides to opt for lumpsum payout from staggered option, a discounted value for
the remaining 3 years payout at 6.25% per annum will be paid to the nominee.
Client can only opt for either ABSLI Accidental Death and Disability Rider or ABSLI Accidental Benefit Rider Plus and not
both. Riders are not available for Joint Life Protection and also for Decreasing Term Assurance (Plan Option 5|6).
Please refer to detailed brochures on riders or visit our website for further details.
29. Can I avail of tax benefits under this plan? What are the benefits available?
As per extant tax laws, this plan offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961,
subject to fulfillment of the other conditions of the respective sections prescribed therein.
You are advised to consult your tax advisor for details.
31. What happens if I do not pay my premium within the grace period?
If Plan Option 1 or 2 or 3 or 4 or 5 or 6 is chosen:
Under plan option 3 & 4, Sum assured escalation will continue to apply. The RPU Sum Assured and RPU Sum Assured on
Death shall increase on each policy anniversary by the Sum Assured at policy inception, multiplied by the Sum Assured
Escalation Rate multiplied by the proportion to the Installment Premiums actually paid to the total Installment Premiums
payable during the premium paying term.
Under plan Option 5 & 6, the decrease in Sum assured will continue to apply on RPU Sum Assured and RPU Sum Assured
on Death.
Termination
Medical Practitioner means a person who holds a valid registration from the Medical Council of any state or Medical
Council of India and is thereby entitled to practice medicine within its jurisdiction; and is acting within the scope and
jurisdiction of license; provided such Medical Practitioner is not the policyholder’s spouse, father (including stepfather) or
mother (including stepmother), son (including stepson), son’s wife, daughter, daughter’s husband, brother (including
stepbrother) and sister (including stepsister) or Life Insured / policyholder under this policy and would be independent of
the insurer.
Total and Permanent Disability must be medically documented for an uninterrupted period of at least six months. Proof of
the same must be submitted to the Company while the Person Insured is alive and permanently disabled. In the event of
death of the Person Insured within the above period, no benefits will be payable under Total and Permanent Disability.
TPD benefit can be claimed only once in the life time starting from the first year.
A rise in cardiac biomarkers or Troponin T or I in absence of overt ischemic heart disease OR following an
intra-arterial cardiac procedure.
2. Cancer of Specified Severity means a malignant tumour characterised by the uncontrolled growth & spread of
malignant cells with invasion and destruction of normal tissues. This diagnosis must be supported by histological
evidence of malignancy. The term cancer includes leukaemia, lymphoma and sarcoma.
The following are excluded –
All tumors which are histologically described as carcinoma in situ, benign, pre-malignant, borderline
malignant, low malignant potential, neoplasm of unknown behaviour, or non-invasive, including but not
limited to: Carcinoma in situ of breasts, Cervical dysplasia CIN-1, CIN -2 & CIN-3;
Any non-melanoma skin carcinoma unless there is evidence of metastases to lymph nodes or beyond;
Malignant melanoma that has not caused invasion beyond the epidermis;
All tumours of the prostate unless histologically classified as having a Gleason score greater than 6 or having
progressed to at least clinical TNM classification T2N0M0;
All Thyroid cancers histologically classified as T1N0M0 (TNM classification) or below;
Chronic lymphocytic leukaemia less than RAI stage 3;
Non-invasive papillary cancer of the bladder histologically described as TaN0M0 or of a lesser classification;
All Gasto-Intestinal Stromal Tumors histologically classified as T1N0M0 (TNM classification) or below and with
mitotic count of less than or equal to 5/50 HPFs;
All tumours in the presence of HIV infection.
3. Stroke Resulting In Permanent Symptoms means any cerebrovascular incident producing permanent neurological
sequelae. This includes infarction of brain tissue, thrombosis in an intracranial vessel, haemorrhage and embolisation
from an extracranial source. Diagnosis has to be confirmed by a specialist medical practitioner and evidenced by
typical clinical symptoms as well as typical findings in CT Scan or MRI of the brain. Evidence of permanent neurological
deficit lasting for at least 3 months has to be produced.
The following are excluded:
Transient ischemic attacks (TIA)
Traumatic injury of the brain
Vascular disease affecting only the eye or optic nerve or vestibular functions.
4. Major Organ / Bone Marrow Transplant means the actual undergoing of a transplant of:
One of the following human organs: heart, lung, liver, kidney, pancreas, that resulted from irreversible end-
stage failure of the relevant organ, or
Human bone marrow using haematopoietic stem cells.The undergoing of a transplant has to be confirmed by
a specialist Medical Practitioner.
The following are excluded:
Other stem-cell transplants
Where only islets of Langerhans are transplanted.
5. Permanent Paralysis of Limbs means Total and irreversible loss of use of two or more limbs as a result of injury or
disease of the brain or spinal cord. A specialist Medical Practitioner must be of the opinion that the paralysis will be
permanent with no hope of recovery and must be present for more than 3 months.
6. Parkinson’s Disease means the unequivocal diagnosis of idiopathic Parkinson’s Disease by a specialist Medical
Practitioner. This diagnosis must be supported by all of the following conditions:
The disease cannot be controlled with medication; and
There are objective signs of progressive deterioration; and
There is an inability of the Life Assured to perform (whether aided or unaided) at least 3 of the Activities of
Daily Living either with or without the use of mechanical equipment, special devices or other aids and
adaptations in use for disabled persons for a continuous period of at least 6 months:
The following are excluded:
Parkinson’s Disease that is drug-induced or arising from toxic causes; and
Parkinsonism.
7. Multiple Sclerosis with Persisting Symptoms means the unequivocal diagnosis of Definite Multiple Sclerosis confirmed
and evidenced by all of the following:
investigations including typical MRI findings which unequivocally confirm the diagnosis to be multiple
sclerosis and;
there must be current clinical impairment of motor or sensory function, which must have persisted for a
continuous period of at least 6 months.
Other causes of neurological damage such as SLE and HIV are excluded.
8. Alzheimer’s Disease means progressive and permanent deterioration of memory and intellectual capacity as
evidenced by accepted standardised questionnaires and cerebral imaging. The diagnosis of Alzheimer’s disease must
be confirmed by a specialist Medical Practitioner and supported by the Company's appointed doctor. There must be
significant reduction in mental and social functioning requiring the continuous supervision of the life assured. There
must also be an inability of the Life Insured to perform (whether aided or unaided) at least three (3) of the Activities of
Daily Living either with or without the use of mechanical equipment, special devices or other aids and adaptations in
use for disabled persons for a continuous period of at least 6 months. For the purpose of this benefit, the word
“permanent” shall mean beyond the scope of recovery with current medical knowledge and technology.
The following are excluded:
Psychiatric illnesses
Alcohol-related brain damage.
Coverage for this impairment will cease at age sixty-five (65) or on maturity date/expiry date, whichever is earlier.
9. Chronic Lung Disease means End stage lung disease, causing chronic respiratory failure, as confirmed and
evidenced by all of the following:
FEV1 test results consistently less than 1 litre measured on 3 occasions 3 months apart; and
Requiring continuous permanent supplementary oxygen therapy for hypoxemia; and
Arterial blood gas analysis with partial oxygen pressure of 55mmHg or less (PaO2 < 55mmHg); and
Dyspnea at rest.
10. Muscular Dystrophy means a disease of the muscle causing progressive and permanent weakening of certain muscle
groups. The diagnosis of muscular dystrophy must be made by a consultant neurologist, and confirmed with the
appropriate laboratory, biochemical, histological, and electromyographic evidence. The disease must result in the
permanent inability of the insured to perform (whether aided or unaided) at least three (3) of the Activities of Daily
Living either with or without the use of mechanical equipment, special devices or other aids and adaptations in use for
disabled persons.
11. Open Chest CABG means the actual undergoing of heart surgery to correct blockage or narrowing in one or more
coronary artery(s), by coronary artery bypass grafting done via a sternotomy (cutting through the breast bone) or
minimally invasive keyhole coronary artery bypass procedures. The diagnosis must be supported by a coronary
angiography and the realization of surgery has to be confirmed by a cardiologist.
The following are excluded:
Angioplasty and/or any other intra-arterial procedures
12. Coma of Specified Severity means a state of unconsciousness with no reaction or response to external stimuli or
Internal needs. This diagnosis must be supported by evidence of all of the following:
No response to external stimuli continuously for at least 96 hours;
Life support measures are necessary to sustain life; and
permanent neurological deficit which must be assessed at least 30 days after the onset of the coma.
The condition has to be confirmed by a specialist medical practitioner. Coma resulting directly from alcohol or drug
abuse is excluded.
13. Kidney failure requiring dialysis means end stage renal disease presenting as chronic irreversible failure of both
kidneys to function, as a result of which either regular renal dialysis (haemodialysis or peritoneal dialysis) is instituted
or renal transplantation is carried out. Diagnosis has to be confirmed by a specialist medical practitioner.
14. End Stage Liver Failure - Permanent and irreversible failure of liver function that has resulted in all three of
the following:
Permanent jaundice; and
Ascites; and
Hepatic encephalopathy.
Liver failure secondary to drug or alcohol abuse is excluded
Terminal Illness
The Life Insured will not be entitled to any Terminal Illness benefit if it is caused directly or indirectly due to or
occasioned, accelerated or aggravated by intentional self-inflicted injury or attempted suicide, whether medically sane
or insane.
39. What application form is required for ABSLI Life Shield Plan Plan?
Common Application Form – Major (E app) for ABSLI Life Shield Plan needs to be filled.
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