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About Aditya Birla Sun Life Insurance

Aditya Birla Sun Life Insurance Company Limited (ABSLI) is a vertical of business of the Aditya Birla Capital Limited (ABCL). It is a joint venture between the Aditya Birla Nuvo Limited, a leading Indian conglomerate, and Sun Life Financial Inc., one of the leading international financial services organisations from Canada. ABSLI ranks 4th in India among the private life insurers in terms of annual premium equivalent, with a market share of 7.6% for FY16. During 2015-16, it recorded a gross premium income of Rs. 5, 580 Crore, registering a y-o-y growth of 7% and posted a net profit of Rs. 140 Crore. Its assets under Management at Rs. 30, 811 Crore as on FY 16. ABSLI has a nation-wide distribution presence through 489 branches, 5 bancassurance partners, over 55,000 direct selling agents and more than 150 corporate agents and brokers. ABSLI is meeting its growth capital and solvency requirements through internal accruals and has not required any capital infusion during past five years. The company offers a complete range of protection solutions, children's future solutions, wealth with protection solutions, health and wellness solutions, retirement solutions and savings with protection solutions. For more information on ABSLI, please visit For more information on ABCL, 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 229,509 Crore as on 31st December, 2016 and has a lending book of Rs 33,087 Crore. Having a strong presence across the life insurance, asset management, private equity, corporate lending, structured finance, general insurance broking, wealth management, equity/currency/commodity broking, online personal finance, housing finance, pension fund management and health insurance business, ABCL is committed to serving the end-to-end financial services needs of its retail and corporate customers.
As on 31st December 2016, ABCL reported aggregate revenue from businesses at Rs. 7,116 Crores and profit before tax from established businesses, in excess of Rs. 900 Crore. Anchored by about 11,300 employees and trusted by nearly 12 million customers, ABCL has a nationwide reach through over 1,625 points of presence and more than 145,000 agents / channel partners.
For more information, please visit

About Aditya Birla Nuvo Ltd.
Aditya Birla Nuvo is a USD 3.6 billion conglomerate with leadership position across its businesses. Its Financial Services business (including NBFC, Housing Finance, Life Insurance, Asset Management, Health Insurance, General Insurance Advisory, Private Equity, Broking, Wealth Management and Online Money Management) ranks among the top 5 fund managers in India. Its Telecom venture, Idea Cellular, ranks among the top 3 cellular operators in India. It is a leading player in Linen, Agri, Rayon and Insulators businesses. ABNL has recently ventured into the Solar Power businesses and has received license from RBI to commence Payments Bank operations in joint venture with Idea Cellular.
Aditya Birla Nuvo is a part of the Aditya Birla Group, a USD 41 billion Indian multinational. The Aditya Birla Group is in the league of Fortune 500. Anchored by an extraordinary force of over 120,000 employees, belonging to 42 nationalities, the Aditya Birla Group operates in 36 countries across the globe. About 50 per cent of its revenues flow from its overseas operations.

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.

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.

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 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/5/17-18/125 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. 109L036V03