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One of the biggest challenges that modern progressive organizations face is managing People. Attracting and retaining talent, improving overall employee performance and optimizing the cost of employee benefits are the focus area for an organization working towards building long term success and value. After all, happy and satisfied employees ensure happy and satisfied customers.


All benefits under the policy will be paid as per the scheme rules. The master policyholder may maintain individual non-pooled accounts for each member. Otherwise, premiums will be credited to pooled policy accounts whose balance is accrued to the master policyholder.

Interest Rate Declaration

The interest rate applicable for all policies shall be declared at the beginning of each financial quarter and shall accrue at the end of the quarter. This interest rate shall be declared and credited in accordance with the Board approved policy of the insurer. The interest rate declared is net of a management charge of 0.5% p.a. The insurer can change it, subject to IRDAI approval.

Benefits Payable on Member Exit

On a member exit, the master policyholder may claim from the policy an amount in accordance with the scheme rules as applicable, subject to a maximum of the Policy Account Value after any applicable MVA. In case individual member accounts are maintained in the policy, the maximum payment from the policy account shall be the Policy Account value, after any applicable MVA, for each exiting member separately.

In addition, if the member exit is due to death ABSLI will pay the Sum Assured of Rs. 5,000

The policy account value for exiting members will have Interim Interest added for the period from the end of the last Fiscal Quarter to the exit date. The Interim Interest rate for this purpose will be the last declared Interest Rate.

When a payment is requested for a member on exit, ABSLI needs sufficient evidence to establish that a benefit is payable under the scheme rules and the amount of benefit then due.​

Bulk Exits

If the amount to be paid on total exits during the policy year exceeds 25% of the policy account values as at the beginning of the year, such transactions shall be treated as bulk exits, where exit shall be as per the scheme rules. Exit shall mean exit of the member from the group.

MVA shall be applied to the amount which is over and above the amount representing bulk exit threshold i.e. above 25% of the policy account value at the start of the policy year.

Provided there is sufficient policy account value on Bulk Exit, the policyholder may choose (in accordance with the scheme rules) whether the MVA is deducted from the exit payment or from the remaining account value. For individual accounts, the MVA will be adjusted in the amount payable itself.

Surrender benefit

You can surrender the policy anytime by providing us 30 days advance notice about the intention to surrender. The Guaranteed Surrender Value is 70% of the premium paid less all the payments made from the Policy Account in the past.

The surrender value will be higher of the Guaranteed Surrender Value or the Policy Account Value less the Market Value Adjustment (MVA) if any. No surrender charge is applicable on surrender of the policy.

Prior to payment of surrender value, ABSLI will credit interest to Policy Account for the period from the end of the last Fiscal Quarter to the date of receipt of surrender request. This interest credit will be the last declared Interest Rate.

Market Value Adjustment (MVA)

The Market Value Adjustment shall be applied on the amount redeemed in excess of the Bulk Exit threshold from the pool account on Non-Benefit payments or full surrender of the policy. The MVA is a reduction to payments based on any decrease in the market value of assets held for this product by ABSLI.

Untitled Document This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked, non-participating fund based group plan. The amount of Contributions less payment in respect of member exit plus quarterly interest addition are reflected in the Policy Account Value and is guaranteed at all times. ABSLI's liability is limited to the Policy Account Value plus the Sum Assured. 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 salient features of the plan including risk factors, terms & conditions, please read the brochure carefully before concluding the sale. 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/11/19-20/1083
UIN: 109N084V03