Understanding Death Benefit (Single Life) in Aditya Birla Sun Life Insurance Guaranteed Milestone Plan

Life is uncertain, but your family’s financial future doesn’t have to be. That’s the promise behind the Aditya Birla Sun Life Insurance (ABSLI) Guaranteed Milestone Plan — a smart combination of life protection and assured benefits. Whether you're planning for life’s uncertainties or looking to leave behind a legacy, the death benefit (single life) under this plan provides the peace of mind your family deserves.

In this article, we’ll explore what the Death Benefit (Single Life) in the ABSLI Guaranteed Milestone Plan (GMP) means, how it works, and why this Aditya Birla Life Insurance product is gaining popularity among modern investors.

---

What is ABSLI Guaranteed Milestone Plan?

The ABSLI Guaranteed Milestone Plan is a non-linked, non-participating life insurance plan that offers guaranteed benefits, both on survival and on death. It is tailored for individuals who want to combine life insurance protection with fixed future payouts to meet key milestones like child education, marriage, or retirement planning.

It’s part of a growing portfolio of Aditya Birla Life Insurance Plans offered under Aditya Birla Capital Life Insurance, one of India’s leading financial institutions.

---

What is a Death Benefit (Single Life)?

The Death Benefit (Single Life) is the lump sum amount paid to the nominee in the unfortunate event of the policyholder’s death during the policy term. Under the Aditya Birla Sun Life Insurance Guaranteed Milestone Plan, this benefit is structured to provide financial stability to the policyholder's family when it matters the most.

Let’s understand how it works in detail.

---

Death Benefit (Single Life): Key Features under ABSLI GMP

If the policyholder (Single Life) passes away during the policy term, the nominee receives the “Sum Assured on Death,” which is:

• Higher of the following:

  • 10 times the Annualized Premium

  • 105% of Total Premiums Paid as of date of death

  • Guaranteed Sum Assured on Maturity

  • Absolute amount assured to be paid on death

This benefit ensures that even if the policyholder is no longer around, the family receives a meaningful payout that can:

• Clear outstanding debts

• Fund children’s education

• Support lifestyle expenses

• Serve as an emergency financial buffer

💡 Note: After this payout, the policy terminates.

---

Example Scenario

Let’s say:

• You choose a 20-year term policy under the ABSLI Guaranteed Milestone Plan

• Annual premium: ₹50,000

• Guaranteed Sum Assured on Maturity: ₹6 lakhs

If the policyholder dies in year 10, the nominee receives the Death Benefit as per the above calculation, let’s assume ₹5.5–₹6 lakh (depending on which is higher).

This provides a guaranteed safety net to the family in the policyholder’s absence.

---

Why Choose ABSLI Guaranteed Milestone Plan?

Here’s why the Aditya Birla GMP is a preferred choice for many policyholders:

✔️ Guaranteed Benefits

Both the maturity and death benefits are pre-defined and fixed, providing clarity and predictability in financial planning.

✔️ Simple and Transparent

Being a non-linked, non-participating plan, it does not depend on market fluctuations — your returns and protection remain unaffected.

✔️ Multiple Term Options

Choose policy terms and premium payment options as per your milestones and financial capability.

✔️ Trusted Brand

Aditya Birla Sun Life Insurance (ABSLI), a part of the Aditya Birla Capital group, is one of the most reputed insurance companies in India with a strong track record of claims settlement and customer service.

---

Aditya Birla Sun Life Insurance Policy Details (Key Highlights)

---

Is the ABSLI GMP Suitable for You?

The Birla Sun Life Insurance Guaranteed Milestone Plan is ideal for:

• Parents planning for their children's future goals

• Individuals looking for guaranteed life insurance returns

• Families wanting secure death benefit coverage

• People prefer non-market-linked insurance with life cover

If your priority is stability + protection, the ABS Life Insurance Milestone Plan checks all the boxes.

---

What Makes Aditya Birla Life Insurance Stand Out?

• Strong Claim Settlement Ratio

• Digital Policy Services

• Wide Range of Plans for every life stage

• Backed by Aditya Birla Capital, a trusted name in Indian finance

Whether you know it as Birla Life Insurance, Aditya Birla Insurance, or Aditya Sun Life Insurance, the company’s commitment to long-term financial well-being remains unmatched.

---

Final Words

Life insurance is not just about maturity benefits — it’s about leaving behind financial security for your loved ones. The Death Benefit (Single Life) in the ABSLI Guaranteed Milestone Plan ensures your family stays protected, even if life takes an unexpected turn.

So, if you’re considering a life cover with guaranteed returns and assured death benefits, explore the Aditya Birla Sun Life Insurance GMP today.

💼 Choose wisely. Insure smartly. Live confidently.