Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Policy typeCredit-life insurance for eligible retail and selected MSME loan facilities.View source
The page defines credit life and lists home, clean, education, car, property-backed and loans.
- Source
- Aditya Birla Sun Life credit life
- Page / section
- Definition; Which loans will be covered
- Accessed
- 31 Aug 2026
- Confidence
- high
InsurerAditya Birla Sun Life Insurance Company Limited (ABSLI).View source
The provider row names Aditya Birla Sun Life Insurance Company Limited.
- Source
- Aditya Birla Sun Life credit life
- Page / section
- Insurance Coverage Provider
- Accessed
- 31 Aug 2026
- Confidence
- high
Sum insured / coverBase cover minimum ₹5,000 with no stated upper cap, subject to the maximum sanctioned loan amount.View source
The coverage row states base cover minimum ₹5,000 and no capping subject to sanctioned loan amount.
- Source
- Aditya Birla Sun Life credit life
- Page / section
- Coverage amount
- Accessed
- 31 Aug 2026
- Confidence
- high
Entry age18–60 years; maximum exit age 75 years for each listed segment.View source
The official age table publishes 18–60 entry and maximum exit at 75 for home, clean, education, , car and loans.
- Source
- Aditya Birla Sun Life credit life
- Page / section
- Age Group
- Accessed
- 31 Aug 2026
- Confidence
- high
Policy termMinimum 1 year and maximum 30 years, or the loan repayment period, whichever is earlier.View source
The period-of-cover row publishes the 1–30-year range and earlier-loan-term limit.
- Source
- Aditya Birla Sun Life credit life
- Page / section
- Period of cover
- Accessed
- 31 Aug 2026
- Confidence
- high
PremiumPremium amount and payment frequency are not published on the reviewed page.View source
The complete official page publishes cover, ages, terms and surrender treatment but no premium amount or frequency.
- Source
- Aditya Birla Sun Life credit life premium review
- Page / section
- Complete product page
- Accessed
- 31 Aug 2026
- Confidence
- high
Waiting periodNo separate waiting period is published on the reviewed page.View source
No waiting-period row appears in the official criteria and underwriting tables.
- Source
- Aditya Birla Sun Life credit life waiting review
- Page / section
- Complete product page
- Accessed
- 31 Aug 2026
- Confidence
- high
Key coverageTerm-loan cover uses reducing balance based on the debt schedule; MSME overdraft/cash-credit cover uses level balance. The claim is the outstanding loan amount for the month of death. Cover may be surrendered after foreclosure or prepayment when no claim has been made, subject to policy terms.View source
The official page publishes balance basis, claim basis and surrender treatment.
- Source
- Aditya Birla Sun Life credit life
- Page / section
- Sum assured coverage options; Claim Amount; Foreclosure Details
- Accessed
- 31 Aug 2026
- Confidence
- high
Key exclusionsNo separate exclusion list is published; ABSLI policy wording and the insurer’s underwriting terms control exclusions and medical requirements.View source
The page publishes underwriting, medical and foreclosure rules but no exclusions table.
- Source
- Aditya Birla Sun Life credit life exclusions review
- Page / section
- Complete product page
- Accessed
- 31 Aug 2026
- Confidence
- high
Geographic limitsTerm-loan cover uses reducing balance based on the debt schedule; MSME overdraft/cash-credit cover uses level balance. The claim is the outstanding loan amount for the month of death. Cover may be surrendered after foreclosure or prepayment when no claim has been made, subject to policy terms.View source
The manually reviewed product record states: “Term-loan cover uses reducing balance based on the debt schedule; overdraft/cash-credit cover uses level balance. The claim is the outstanding loan amount for the month of death. Cover may be surrendered after foreclosure or prepayment when no claim has been made, subject to policy terms.”.
- Source
- Credit Life Insurance Cover (Aditya Birla Sun Life) — official product page
- Page / section
- Published product metadata
- Accessed
- 31 Aug 2026
- Confidence
- high
Benefits and features
- Base cover from ₹5,000 with no stated upper cap, limited to the sanctioned loan amount
- Entry age 18–60 years with maximum exit at 75
- Cover period 1–30 years or loan repayment period, whichever is earlier
- Reducing-balance cover for listed term loans; level-balance cover for /OCC
- Foreclosure or prepayment surrender is permitted when no claim has been made, subject to policy terms
Eligibility
- Individuals with eligible Indian Bank home, clean, education, car or loan-against-property loans may apply; cover is for proprietorship and partnership firms.
- Coverage must be availed within 180 days of first disbursement.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Eligible Indian Bank loan and first-disbursement records
- Borrower/co-borrower or firm and age/constitution proof
- Cover schedule and premium debit authorisation
- Medical reports where the published non-medical grid is exceeded
Related official documents
Credit Life Insurance Coverages in association with M/s. Aditya Birla Sun Life Insurance — Indian Bankofficial-product-page · current · accessed 31 Aug 2026
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