Skip Ribbon Commands
Skip to main content
 
THIS IS A FUND BASED GROUP LINKED PRODUCT. IN THIS PRODUCT, THE INVESTMENT RISK IN THE FUND PORTFOLIO IS BORNE BY THE POLICYHOLDER

ADITYA BIRLA SUN LIFE INSURANCE GROUP UNIT LINKED PLAN

THIS IS A FUND BASED GROUP LINKED PRODUCT. IN THIS PRODUCT, THE INVESTMENT RISK IN THE FUND PORTFOLIO IS BORNE BY THE POLICYHOLDER

The Product

This is a Fund Based Group Linked Product. It will be offered to Employer- Employee groups for managing Gratuity and Leave Encashment Liabilities. An automatic life insurance cover of Rs.1000/- per member is granted under this product.
The sponsor of the scheme will be the master policyholder, henceforth referred to simply as 'the policyholder'.

Flexible Contributions

At the inception of the scheme the policyholder shall pay ABSLI a contribution pertaining to the past service in respect of the members or transfer the existing fund to ABSLI. This contribution may come in one or more installments. The policyholder may also pay regular contributions into the fund.

Any contributions received will be converted into units for each account and tracked separately. The contributions can be invested in one or more of ABSLI funds as per the policyholder's request. All contributions should be paid to ABSLI with relevant details with respect to account and investment fund allocation.

Multiple Accounts

The policyholder may specify the number of accounts he wants to maintain the fund in. Contributions will be invested account wise, and fund value will be tracked for each account separately.

The policyholder may want to manage the policy with multiple accounts if he wants to maintain separate fund for each member (e.g. defined contribution schemes) or separate fund by his office units (e.g. unit / zone-wise schemes).

New accounts can be opened at any time by making fresh contributions specified at the time of payments.

Option for Unit Value Protection

At the inception of the scheme the policyholder can choose to protect the purchase NAV of each unit by opting for the Unit Value Protection feature. This protection shall then apply to the overall scheme (i.e. to all accounts under the policy). The policyholder can choose the minimum period for protection as 3 or 5 years.


With the Unit Value Protection feature, any unit redeemed for the purpose of a benefit payout is guaranteed to be worth no less than its purchase NAV provided the unit has been purchased at least 3 or 5 years prior to its redemption. For the purpose of this feature, unit redemption will be based on a First-In-First-Out (FIFO) basis.

The Unit Value Protection feature does not apply upon the surrender of the policy.

Frequency for Contributions

The contributions can be made yearly, half yearly, quarterly, monthly or in single lump sum. The policyholder can change the level of contribution and the frequency of the contribution at any point of time.


ADITYA BIRLA SUN LIFE INSURANCE – A COMING TOGETHER OF VALUES

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.

www.adityabirlacapital.com/lifeinsurance



Disclaimer
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 Unit Linked Plan are only the names of the Company and Policy respectively 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 GST 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. Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance Company Limited).Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Call Centre: 1-800-270-7000 www.adityabirlasunlifeinsurance.com Reg. No. 109 | ADV/11/17-18/1175 VER1/NOV/2017 CIN: U99999MH2000PLC128110
Unique No. 109L036V03