Skip Ribbon Commands
Skip to main content
ABSLI Group Protection Solutions serves as an ideal way for companies to reinforce their bond with their employees. It provides life cover to the Member, by paying a lump sum benefit to the beneficiary in case of an unfortunate event.

In this cut-throat age of competition where technology and systems are available to every organization, it's the people who make it a success thereby differentiating the good from the great. Your organization has people that are of immense value to you. One of their prime concerns is the security and safety of their families who are financially dependent on them. Being an organization of repute you would like to share this responsibility by providing them with a solution that meets their need.

ABSLI Group Protection Solutions serves as an ideal way for companies to reinforce their bond with their employees. It provides life cover to the Member, by paying a lump sum benefit to the beneficiary in case of an unfortunate event. There is also a range of riders available to cover other risks like accidental death, disability, dismemberment, critical and terminal illness.

It is a cost-effective and an ideal solution that helps you provide for the safety and security of the families of your employees in case of an unfortunate event. This policy gives you advantages of standardized coverage and very competitive premium rates.


ABSLI Group Protection Solutions is a comprehensive group insurance solution. It is a non-linked, non-participating, yearly renewable group plan. This plan has the following key constituents:
  • Wider target market as coverage is available to a large number and types of groups
  • Simple and easy administrative processes
  • Comprehensive cover through a range of riders
  • Premium options, allow premium to be borne by employer or employee or both in some agreed proportion. The premium may be paid as yearly or half-yearly, quarterly or monthly
  • High Free Cover Limit, where the Members do not need to undergo any medical examination. This limit is dependent upon the sum assured and the size of the group
  • Total adaptability, which does not restrict new eligible employees joining the group or outgoing employees leaving the group during the policy term
  • High degree of customization, flexibility and standardization
  • High benefit at low cost as it offers a very high cover at very low premium rates per head
  • Total flexibility, where the sum assured could be constant for all eligible employees or could vary according to grade or salary


Under ABSLI Group Protection Solutions the employer, trust or association is the master policyholder and the Members are the lives assured.
The eligible groups under this plan are
  • Employer-employee groups
  • Other groups, which have some common group definition and are not formed for the sole purpose of getting insurance.
  • Social Groups as defined by IRDAI

"Under employer-employee group the cover can also be extended in lieu of Employees Deposit Linked Insurance (EDLI) and for Future Service Gratuity (FSG).

Minimum Group Size
10 members for employer-employee groups, 50 members otherwise
Minimum Age at Entry
15 years (Age last birthday)
Maximum Age at Entry
Normal retirement age – 1 year; or
79 years (Age last birthday)
Maximum Age at Maturity
Normal retirement age; or
80 years (Age last birthday)
Minimum Sum Assured

Maximum Sum Assured

1,00,000 for Social Groups;
1,00,00,00,000 for other groups
(subject to Board approved underwriting guidelines)
Minimum Policy Term
Annually renewable

Employer – Employee Groups
In a fast-paced & ever-changing environment, the employees of any organization form its most important & biggest assets. It is imperative for the organization to ensure that its employees are constantly motivated for which the employer needs to provide the employees freedom from financial worries.

Our Group Protection Plan supports the employer in providing this benefit to its employees.

Other groups, which have some common group definition and are not formed for the sole purpose of getting insurance.
These can include Lender – Borrower groups, Associations, Professional Bodies, Institutions etc

Choose your own benefit
You have the flexibility of choosing the Cover under this policy either from uniform cover, graded cover or in multiples of the salary in case of employees.

Premium Frequency
The premium under the policy can be paid either on an Annual, Semi- annual, Quarterly or Monthly basis.

Modal Loading Factor
This is the factor multiplied by the annual premium to arrive at an installment premium. The modal loading factors are:

Premium paying frequency
Modal Loading

Free Cover Limit (FCL)
The free cover limit, which is available to you, represents a maximum sum assured, such that all Members of the group whose Sum Assured/Coverage falls under this limit, are granted the Insurance Cover without any medical tests and are not required to submit evidence of insurability to qualify for protection.
Members, whose benefits exceed the free cover limit need to provide evidence of insurability in order to qualify for the higher coverage; any loadings or ratings, which may result from such evidence, will be applied only to the benefit in excess over the free cover limit. Evidence of insurability will be determined by underwriting.

FProtection for beloved
Along with your employees/members, you may also cover their spouses.
If spouses are covered on a compulsory basis, cover is provided on the same basis as for Members covered on a compulsory basis; i.e., no exclusions shall apply and the premium rating shall be in line with that of the compulsory groups. If spouses are covered on a voluntary basis, then the same exclusions and premium rate adjustments are applied as for Members covered on a voluntary basis.

Individual Conversion Option
The member has the option to continue their coverage as an individual policy in the event the policyholder has surrendered the policy

Member Additions
The policyholder can choose to cover new members during the policy year by paying pro-rate premium. The policyholder should inform ABSLI with the list of mid-year joiners and the risk commencement date will be as per the scheme rules.
In case of inadequate premium, the cover will begin from the date of receipt of the full premium.

Member Deletions
If a member leaves the scheme during the policy year (due to reasons other than death) ABSLI will refund the pro rate premium to the policyholder or member depending upon who has paid the premium. The policyholder should inform ABSLI with the list of mid-year deletions for Members leaving the scheme within 30 days of leaving the scheme. The risk will cease from the date of leaving. In case the policyholder intimates to ABSLI a member exit more than 30 days late, the cover will cease from the date of exit but the refund will be calculated from the date of intimation.

Increase or decrease in Sum Assured
The policyholder will be allowed to increase or decrease the cover amount of the members during the year according to the definition of the cover for the group. The permissible changes are: where the policyholder requires a change in the level or structure of the cover; where a member receives a salary increase and the benefits are determined in relation to salary; or where a member receives a promotion and the benefits are determined in relation to grade. Any such change in benefit would be as per scheme rules and is subject to the same terms and condition and will have same FCL limits as applicable to the entire group.


The policyholder has a choice to add any of the below riders to the main policy.

  • ABSLI Accidental Death Rider (UIN 109B004V04) (AD)
  • ABSLI Accidental Death and Dismemberment Rider (UIN 109B005V04) (ADD)
  • ABSLI Critical Illness Rider (UIN 109B006V04) (CI-4)
  • ABSLI Term Rider (UIN 109B007V04) (Term)
  • ABSLI Critical Illness Plus Rider (UIN 109B009V04) (CI-13)
  • ABSLI Total & Permanent Disability Rider (UIN 109B010V04) (TPD)
  • ABSLI Group Critical Illness Premier Rider (UIN 109B020V03) (CI8)
  • ABSLI Group Accelerated Critical Illness Premier Rider (UIN 109B021V03) (CI8A)
  • ABSLI Group Accelerated Terminal Illness Rider (UIN 109B022V03) (ATI)
The rider combinations that can be choosen are:
  • Any one from AD or ADD or TPD or AD &TPD and
  • Any one from CI-4 or CI8 or CI8A or CI-13 and
  • Term
  • ATI
Please refer to detailed brochures on riders, or visit our website for further details.


"Group" denotes the group of people covered by the policy

"Member" means an individual eligible for a cover under this policy and whose cover is in effect and in respect of whom ABSLI has determined Cost and Benefits Particulars

"Beneficiary" or "Nominee" means the person or persons last nominated by the Member and registered with policyholder to receive the benefits under this policy in the event of the Member's death while being covered under this policy

"Sum Assured/Coverage" is the amount payable on the happening of the insured event that ABSLI will pay as per the terms and conditions of this policy and as set out in each Member's Cost and Benefits Particulars

"Riders" are additional benefits offered to the Members for an additional payment.

"Premium" is the price paid for purchasing the insurance cover.


Free look period

No Free Look period is available for this policy

Grace Period
For Annual Premium
As this is a one year contract, there is no grace period. If premiums are not paid by the premium due date all coverage ceases and the policy lapses.

For Other Premium Modes
The policy has a 30 day grace period from the date of missed premium. Any claims arising during the grace period will be considered valid and will be paid at the end of the grace period less the premium amount outstanding, or will be paid on the date of premium payment if earlier.

Policy Lapse
For Annual Premium
On non-payment of the installment premium, the policy will lapse with immediate effect in case

For Other Premium Modes
If we do not receive the premium by the end of grace period, this policy will lapse with immediate effect.

It is possible to reinstate the policy within the term of the policy by paying the appropriate modal premium for the following policy year for Members who are alive on the date of renewal. Renewal within 30 days is permitted based on no claims confirmation from the policyholder.

Policies with a premium mode other than annual may be revived, as follows. If a premium due within the policy year remains unpaid at the end of the grace period, the policy may be revived prior to the expiry of the policy year. In such a situation cover is only provided from the date of receipt of the revival premium and the revival premium will be reduced proportionately to reflect the reduced period of cover, taking account of the premium mode selected.

Policy loan
Not available under this plan.

Termination of Cover
The cover in respect of any member under this policy will terminate on the earliest of the following dates for those members who do not opt to continue cover to the next renewal date:
  • Date of cessation of employment/membership of the member
  • Date on which due premiums for this cover remaining unpaid or end of grace period depending upon premium paying mode.
  • Date of death of the member
  • Date the member attains retirement age
  • Date this policy is terminated
On termination of life insurance cover under this policy all other covers opted including rider covers will terminate.

Termination of the Policy or any of the coverage by policyholder
The policy terminates immediately if any premium remains unpaid at the end of the grace period. If the policyholder gives written notice to ABSLI, that the policy or any or all coverage for all Members is to terminate, it will terminate on the earlier of the following dates (for those Members who do not opt to continue cover to the next policy renewal date):
  • The date specified in the notice.
  • The next annual renewal date.

ABSLI will refund the pro-rate premium from the termination date to the next renewal. All life cover provided to members ceases from the termination date.

Authorization under Lender – Borrower policies
Members have to specifically authorize ABSLI in a format provided by us to make payment of outstanding loan amount to the policyholder by deducting from the policy benefits payable on death.

Profit Sharing
Profit-sharing shall only be offered for compulsory employer-employee schemes where a unit rate has been quoted and where the policyholder bears the premium.

Tax Benefits
Tax benefits under this plan are as per extant tax laws; you are advised to consult your tax advisor for details.

Goods and Services Tax (GST)
ABSLI reserves the right to recover levies such as GST levied by the authorities on insurance transactions.

Allowed as per the provisions of Section 39 of the Insurance Act, 1938 as amended from time to time. For more details on the nomination, please refer to our website

Not available

Prohibition of Rebates – Section 41 of the Insurance Act, 1938
No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer.

Any person making default in complying with the provisions of this section shall be punishable with a fine which may extend upto 10 Lakh rupees.

Fraud and Misrepresentation
As per the provisions of Section 45 of the Insurance Act, 1938 as amended from time to time. For more details on Section 45 of the Insurance Act, 1938 please refer to our website


About Aditya Birla Sun Life Insurance
Aditya Birla Sun Life Insurance Company Limited (ABSLI) is a subsidiary of Aditya Birla Capital Ltd (ABCL). and is one of the leading private sector life insurance companies in India. ABSLI was incorporated on August 4, 2000, and commenced operations on January 17, 2001. ABSLI is a 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial Inc., a leading international financial services organization in Canada.

Formerly known as Birla Sun Life Insurance Company Limited, ABSLI is one of India's leading life insurance companies offering a range of products across the customer's life cycle, including children future plans, wealth protection plans, retirement and pension solutions, health plans, traditional term plans and Unit Linked Insurance Plans ("ULIPs").

ABCL, the holding company, is a Universal Financial Solutions provider and one of the largest financial services players in India. It is committed to serving the end-to-end financial needs of its retail and corporate customers under a unified brand — Aditya Birla Capital. Delivering a wide range of money solutions for protecting, investing and financing, Aditya Birla Capital serves millions of customers across the country.

Apart from life insurance, ABCL has a significant presence across several business sectors including NBFC, asset management, health insurance, housing finance, private equity, general insurance broking, wealth management, broking, online personal finance management and pension fund management.

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked, non-participating group insurance plan. ABSLI reserves the right to recover levies such as GST levied by the authorities on insurance transactions. If there be any additional levies, they too will be recovered from you. This brochure contains only the salient features of the plan. For further details please refer to the policy contract. Tax benefits subject to changes in the tax laws. For more details on this plan visit our website. Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Reg. No. 109 | CIN: U99999MH2000PLC128110 ADV/10/18-19/3532 VER1/OCT/2018

UIN: 109N006V06