Salaried Term Plan in one table
| Insurer | Aditya Birla Sun Life Insurance Company Limited |
|---|---|
| Sum insured | No stated upper limit. What you are actually offered depends on your age, income, health and any cover you already hold. |
| Entry age | 21 to 55 years (last birthday) |
| Cover runs to | 31 to 75 years (last birthday) |
Claim settlement and complaint figures are IRDAI-published and held centrally by NYVO, not taken from the insurer's marketing.
What Salaried Term Plan does, and what it does not
Term insurance is a narrow product, so the useful question is not how this plan scores against a benchmark – it is what it pays for and what it leaves out. Both lists come from Aditya Birla Sun Life's own documents.
Which variant should you take?
This plan is sold in more than one form, and the choice is made once at purchase. Picking the wrong one is not something you can quietly correct later, so it is worth a minute now.
Plain cover paying a lump sum on death. The cheapest of the four and the usual starting point.
The same cover with every premium handed back if you outlive the term. At most ages it costs roughly half as much again as plain cover, and you are pre-funding the refund yourself.
Pays your family a level income for ten years instead of a lump sum. A fixed payment over a decade loses real value to inflation, and your family cannot choose to invest it differently.
Pays an income over ten years that rises 5% each year. It softens the inflation problem rather than solving it, and still removes your family's choice about what to do with the money.
Salaried Term Plan exclusions: what the plan will not pay for
Every policy carries exclusions, and they are the clauses people read for the first time at claim stage. These are the ones worth knowing before you buy.
Where Salaried Term Plan falls short
No plan is right for everyone, and a page that only lists strengths is not much use to you. These are the gaps we would raise on a call before recommending it.
Salaried Term Plan questions, answered
How much cover does Salaried Term Plan offer?
No stated upper limit. What you are actually offered depends on your age, income, health and any cover you already hold.
Who can buy Salaried Term Plan?
Entry to Salaried Term Plan runs from 21 to 55 years. Cover can run to age 75, which is the maximum maturity age on this plan. What you are actually offered still depends on your income, health and any cover you already hold.
What does Salaried Term Plan not cover?
Like every term plan, Salaried Term Plan excludes suicide within 12 months of the policy starting or of its latest revival – 80% of the premiums paid is returned, provided the policy is in force. The policy wording you are issued is the contract.
Read it from the insurer
We summarise. The policy wording is the contract, and it is the only document that settles a dispute. These links go to the insurer's own pages.
Understand the terms before you commit
A plan page tells you what this policy does. These explain why each term matters and what it costs you when it is missing.
Other Aditya Birla Sun Life plans we have read
Aditya Birla Sun Life files these separately, and the terms differ between them. If you are choosing within the range, compare the waiting periods and the exclusions rather than the sum insured.