Life Insurance

Life Insurance

Everyone, irrespective of age, gender, income, wealth etc. needs to be insured. Why take a life insurance policy
from us -

- Tie-up with Aditya Birla Sun Life Insurance Company Limited.
- Gain financial protection against accident and illnesses
- Save compulsorily for the future and save on taxes

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A life insurance policy not only creates security for you and your family, but also lets you safeguard your standard of living in the later years of life. Investment in insurance is required at all stages in life but the quantum of insurance changes as life progresses.

Young Professional

When you’re young and single you have no financial responsibilities. However, as you grow older you will be assuming new roles and taking on larger responsibilities too. We recommend that you buy a policy now while you're young and benefit from low premium rates for life. If you have any family member dependent on you for financial support then by all means you should consider life insurance.

Just Married

Married couples with no children need to plan ahead to ensure financial security for each other. Life insurance in such a case is an important investment. If both of you are sufficiently insured then the death of either spouse would not be financially catastrophic.

Married with kids

A single-income family with young children is the classic high-need situation. The family is dependent on the earning member for their total support, so insurance on that life is vital.

Nearing Retirement

You may have a pension and considerable assets that can generate good income after your retirement, however with suitable insurance planning you can sustain your standard of living more comfortably.

Married Women’s Property Act, 1874

The wide range of innovative life insurance solutions from Aditya Birla Sun Life Insurance Company Limited also allow you to avail of the benefits under the Married Women’s Property Act.

Under Married Women's Property Act you can assign your life insurance policy in the name of the trust created for the benefit of your wife and / or children. The money set aside in this form is free from creditors, court or tax attachments (even in case of insolvency) forever, provided that the trust under Married Women's Property Act has not been effected to defraud the creditors.

Benefits of Married Women's Property Act, 1874:

  • Creates a ring fence protecting the interests of your beneficiaries.
  • Safeguards your family against uncertainty of future and possibility of adverse financial conditions.
  • Enables you to be a ''Family First'' man and Businessman at the same time.

Human Life Value

What is “Human Life Value”?
“Human Life Value” is that amount which ensures that the standard of living of a family is not affected even if the earning member is not there or not able to earn.  

Why is it important to know your “Human Life Value”?
Most families are accustomed to a certain standard of living. What we often fail to realise is that this standard of living is entirely dependant on the earning member of the family. If the earning member is unable to provide for the family, it is hardly possible to maintain the same quality of life.

Do you know your “Human Life Value”?

Use these simple thumbrules to find out.

Age "Human Life Value"

Upto 25


20 times annual gross salary


25 - 35


15 times annual gross salary


35 - 45


12 times annual gross salary


45 +


10 times annual gross salary


To give you appropriate life insurance solutions, we have tied up with Aditya Birla Sun Life, a leading private life insurance company. You can avail of a range of products to suit your insurance needs.



What is the importance of Life Insurance?

It is important as

  • It allows systematic long term savings which are low in nature but grow compoundingly
  • Can be used for transferring wealth though estate planning
  • To give adequate cover to key executives of the business, for its continuity
  • Short term death benefit
  • To substitute loss of income source in case of death
  • Help supplement retirement income in case there is no other retirement coverage
Are there any advantages in buying insurance at an early age?

Yes. The premium that you pay on your insurance policy is mainly dependant upon two things - your age and the tenure of the policy. The younger you are, the lower is your insurance premium amount. At younger age, you would be physically sound and may not be suffering from illnesses / medical. This would entitle you to a lower premium on the policy. Therefore it is advisable to buy insurance at an early age to reduce the cost of insurance.

I know I need life insurance, but cannot afford the coverage I need. Can I do anything to lower the cost?

The cost of life insurance depends on three factors: your age, health and your income. We suggest that you not compromise on the level of protection you require. You could purchase a basic protection policy that gives you the opportunity to pay only the minimum premium. You can choose this affordable policy, without any riders.

How is annuity different from insurance?

Annuities differ from all other forms of life insurance in one fundamental way - They do not provide any insurance cover but offer a guaranteed income for a certain period or for life. Typically annuities are bought to generate income during one's retired life, which is why they are also called Pension Plans.

Annuities are an investment that offers you an income that you cannot outlive and provides a solution to the biggest financial insecurity of old age that you will outlive your income.

If I decide to take out life cover will I need to go for a medical?

Once your application has been submitted to the insurer it will be assessed by a medical underwriter. The life insurance provider will either accept your application immediately, or they could request a medical report from your general practitioner. You may also be asked to attend a medical examination,which will be paid for by the insurer.

What is face amount?

The amount to be paid to the beneficiary when the insured dies. It will be reduced by any unpaid policy loans and interest on those loans, and may be increased by any dividends.

What is cash surrender value?

This term refers to the amount payable to the permanent life policy owner upon surrender of the policy. It is equal to the current cash value, less any surrender charges that may apply, any monthly contract charges, and any outstanding loans and accrued interest.

What is surrender charge?

During the surrender charge period of a permanent life policy, an amount of money that is deducted from a policy's total accumulation value if you:

  • Surrender your policy
  • Decrease the face amount of your policy
What is partial withdrawal?

Partial withdrawal of a policy implies withdrawal of only a part of the funds of your policy. The applicable norms for partial withdrawal may differ for every product.

Can I take a policy loan?

If the policy has a surrender value you can avail of a policy loan up to 90% of the surrender value subject to minimum availability of Rs. 3,000. The policy loan can be taken for regular as well as single premium policies, any time after completion of two policy years. However, please note that no policy loan is available in case of Term policies, Flexi Retirement Pension Plan, Flexi Single Premium Bond and ClassicLife Plan.

Is change in mode of premium payment allowed?

Change in premium payment mode is permitted only after completion of one policy year.

What is a rider?

A provision added to a policy that provides additional benefits, usually accompanied by a corresponding premium increase or change.

Conditions apply
Insurance is a subject matter of solicitation.

Please refer to the respective product brochures and sales illustrations for details of each product and risk factors before concluding any sale.

Deutsche Bank AG, India (“Deutsche Bank”) is a licensed corporate agent of Aditya Birla Sun Life Insurance Company Limited, Max Bupa Health Insurance Company Limited, Aditya Birla Health Insurance Company and HDFC ERGO General Insurance Company Limited under the composite license number CA0020. All insurance products are underwritten by the respective insurance company and are subject to the terms and conditions of the relevant policy issued by that insurance company. They are neither bank deposits nor constitute obligations of or guaranteed by Deutsche Bank or any of its affiliates or subsidiaries or any governmental agency. This communication shall not be construed as investment advice and all decisions to purchase the policy shall be the personal judgement of the customer arrived at after due consideration. The tax benefits on your Policy would be as per the prevailing provisions of the Income Tax Act, 1961 and Income Tax Rules, 1962, as may be amended, modified or substituted from time to time.

This document does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute such a document or make such an offer or solicitation. Neither this document nor anything contained herein shall form the basis of any contract or commitment whatsoever. You should take all relevant factors including independent expert advice into account before making any investment or other decision by using the content of this publication.

Deutsche Bank does not guarantee or make any representation, express or implied, with respect to the fairness, correctness, accuracy, adequacy, reasonableness, reliability, usefulness, viability or fitness for any particular purpose or completeness of any information in this email and is not responsible for any errors or omissions or for results obtained from the use of such information. Deutsche Bank also disclaims all liability in respect of use of any third party information or offering, whether proprietary or otherwise.

The premium paid in Unit Linked Life Insurance policies are subject to market and investment risks. NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital and money markets. Yield or a fund’s past performance should not be considered as an indication or guarantee of future yield or results. There is no assurance or guarantee that the objectives of the products will be achieved and the insured is responsible for his or her decision to invest.


For more details on risk factors, terms & conditions, please read the sales brochure carefully before concluding the sale.
*Aditya Birla Sun Life Insurance and plans offered are only the names of the Company and Policy respectively and do not in any way indicate their quality, future prospects or returns. The name of the funds offered in this plan does not in any indicate their quality, future prospects or returns.

Deutsche Bank AG, India has tied up with Aditya Birla Sun Life Insurance Company Limited (ABSLI), Max Bupa Health Insurance Company, Aditya Birla Health Insurance Company and HDFC ERGO General Insurance Co. Ltd., leading companies in private life insurance, health insurance and non-life insurance, to bring to you a range of products to suit your insurance needs. Visit or contact your Relationship Manager for more details

Insurance is the subject matter of solicitation. Deutsche Bank is only an agent and not an advisor in offering the insurance products. All insurance products are underwritten by the respective insurance company and are subject to the terms of the relevant policy issued by that insurance company. You are requested to familiarize yourself with the terms and conditions of each individual policy so as to make well-informed investment decisions.

Max Bupa Health Insurance Company Limited. IRDA Reg. 145, CIN no. U66000DL2008PLC182918, UIN no. MB/WB/2015-2016/561. This is only a summary of the product features. For more details on risk factors, exclusions, terms and conditions please read sales brochure carefully before concluding a sale.
Terms and conditions apply. MBHI helpline number: 1800-3010-3333. Heartbeat Health Insurance Plan: UIN: IRDA/NL-HLT/MBHI/P-H/V.III/19/16-17.
Health Companion Health Insurance Plan: UIN: IRDA/NL-HLT/MBHI/P-H/V.II/2/14-15. Health Assurance: UIN: IRDAI/HLT/MBHI/P-H/V.II/175/2016-17.

Aditya Birla Health Insurance Co. Limited. IRDAI Reg.153. CIN No. U66000MH2015PLC263677. Product UIN: ADIHLIP18077V011718. Advertisement UIN: ABHI/ONL/17-18/598 Address: 10th Floor, R-Tech Park, Nirlon Compound,  Next to Hub Mall, Off Western Express Highway, Goregaon East, Mumbai - 400063. Website:, Email:, Telephone: 18002707000, Fax: +91 2262257700. For more details on risk factors, terms and conditions please read terms and conditions carefully before concluding a sale. Trademark / Logo Aditya Birla Capital is owned by Aditya Birla Management Corporation Private Limited and Trademark / Logo HealthReturnsTM, Healthy Heart Score and Active Dayz are owned by MMI Group Limited. These Trademark / Logos are being used by Aditya Birla Health Insurance Co. Limited under licensed user agreement(s). Deutsche Bank is a Corporate Agent of Aditya Birla Health Insurance Co. Limited under Registration no. CA0020.