Skip Ribbon Commands
Skip to main content
In this policy, the investment risk in the investment portfolio is borne by the policyholder.

Today's financial environment gives you the freedom to choose from a host of strategies and financial instruments. To be able to effectively manage your employee liabilities like Gratuity and Leave Encashment Schemes, it is important to invest your funds in products that offer you this freedom.

Aditya Birla Sun Life Insurance presents Group Value Plus Plan, a plan that gives you the freedom to choose your investment vehicle based on your specific needs.

This is a fund based group linked product that can be used by policyholders to provide employee benefits like Gratuity and Leave Encashment Schemes. An automatic life insurance cover of Rs. 1,000 per member is granted.

The policyholder of the scheme is an employer who will be managing the scheme.


You have a choice of three plan options A, B and C that enable you to select suitable plan fulfilling your specific needs.


Minimum Group Size
10 members
Sum Assured
Rs.1,000 per member
Minimum Age at Entry
18 years
Maximum Age at Entry
As per scheme rules /70 years
Maximum Age at Maturity
As per scheme rules /75 years
Minimum Rs.10,000 / No upper limit


At the inception of the scheme you can either pay ABSLI the premium in respect of the members or transfer the existing fund to ABSLI. This premium may be paid in one or more installments. You may also pay regular premiums into the fund.

Your premium - will be converted into units for each account and tracked separately. The premium will be invested in one or more of ABSLI funds as per the plan option and investment option selected by you. All premiums should be paid to ABSLI with relevant details with respect to each account.

Multiple Accounts
You may specify the number of accounts you want to maintain. Your premium will be invested account wise and fund value will be tracked for each account separately. Your policy can be managed with multiple accounts as well as different fund allocation to suit each account. Additionally, you have the freedom to open new accounts at any time by paying fresh premium specified at the time of payment.

Frequency for Premiums
You have the convenience to pay the premium in one or more installments. Also, you may pay premium at any point of time.


Free look in period
You will have the right to return your policy to us within 15 days from the date of receipt of the policy. We will pay the policy fund value plus all charges levied till date (excluding the fund management charge) once we receive your written notice of cancellation (along with reasons thereof) together with the original policy documents. Depending on our then current administration rules, we may reduce the amount of the refund by expenditures incurred by us in issuing your policy and as permitted by the IRDAI and in accordance to IRDAI (Protection of Policyholders Interest) Regulations, 2002.

Unit Price
On each business day and for each investment fund, we determine the unit price by dividing the net asset value (NAV) of the investment fund at the valuation time by the number of units in existence for the investment fund in question. We publish the unit price of all investment funds on our website The net asset value (NAV) is determined based on (the market value of investments held by the fund plus the value of any current assets less the value of any current liabilities & provisions) divided by (the number of units existing at valuation date before creation or redemption of any units)

Policy loan provisions
Policy loan is not available under this plan.

The policy will terminate if:
  • the policy is surrendered;
  • the policy fund falls below Rs.100,000;
  • premium payment is discontinued for 5 years
We will refund the policy fund value net of any charges to you on such termination.

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 to ten 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, please refer to our website

About Aditya Birla Sun Life Insurance
Aditya Birla Sun Life Insurance Company Limited (ABSLI) is a joint venture between the Aditya Birla Group, a well known Indian conglomerate and Sun Life Financial Inc., one of the leading international financial services organisations from Canada. With an experience of over a decade, ABSLI has contributed to the growth and development of the Indian life insurance industry and is currently one of the leading life insurance companies in the country. ABSLI has a customer base of close to two million policy holders. The Company offers a complete range of offerings comprising protection solutions, children's future solutions, wealth with protection solutions, health and wellness solutions, retirement solutions and savings with protection solutions. It has an extensive distribution reach in over 400 cities through its network of over 507 branches, around 90,000 empanelled advisors and over 153 partnerships with corporate agents, brokers and banks. Aditya Birla Sun Life Insurance has total assets under management of '30,185 Crores and a robust capital base of over '2,170 Crores, as on 31st March, 2015. For more information, please visit

About Aditya Birla Capital Limited
Aditya Birla Capital Limited (ABCL) ranks among the top 5 fund managers in India (excluding LIC) with an AUM of INR 164995 crore. Having a strong presence across the life insurance, asset management, NBFC, private equity, retail broking, distribution & wealth management, online money management, and general insurance broking, ABCL is committed to serve the end-to-end financial services needs of its retail and corporate customers. The eight companies representing ABCL are: Aditya Birla Sun Life Insurance Company Ltd., Birla Sun Life Asset Management Company Ltd., Aditya Birla Finance Ltd., Aditya Birla Housing Finance Ltd., Aditya Birla Capital Advisors Pvt. Ltd., Aditya Birla Money Ltd., Aditya Birla Money Mart Ltd. and Aditya Birla Insurance Brokers Ltd. In FY 2014-15, ABCL reported consolidated revenue from these businesses close to Rs. 7926 Crore and earnings before tax of approx Rs. 849 Crore. Anchored by about 12,000 employees and trusted by over 6.5 million customers, ABCL has a nationwide reach through 1,500 points of presence and about 200,000 agents / channel partners

About Sun Life Financial
Celebrating 150 years in 2015, Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth products and services to individuals and corporate customers. Sun Life Financial and its partners have operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2015, the Sun Life Financial group of companies had total assets under management of $813 billion. For more information please visit Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating unit linked plan. Aditya Birla Sun Life Insurance - ABSLI Group Value Plus Plan - Self Managed Option, MarketCycle Option are only the names of the Company, Policy and Investment Options and do not in any way indicate their quality, future prospects or returns. The names of the funds offered in this plan do not in any way indicate their quality, future prospects or returns. The charges are guaranteed throughout the term of the policy unless specifically mentioned and subject to IRDAI approval. The value of the investment fund reflects the value of the underlying investments. These investments are subject to market risks and change in fundamentals such as tax rates etc affecting the investment portfolio. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of investment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. There is no guarantee or assurance of returns from the investment funds. ABSLI reserves the right to recover levies such as the service tax levied by the authorities on insurance transactions. If there be any additional levies, they too will be recovered from you. This brochure contains the salient features of the plan. For further details please refer to the policy contract. Tax benefits are subject to changes in the tax laws. For more details and clarification visit our website. ADV/5/17-18/179. VER1/MAY/2017

IRDAI hereby clarifies to the public that
  • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums
  • IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
Unique No. 109L055V03