ABSLI Group Asset Assure Plan

Establish yourself as a caring lender by securing the family of your borrower against hassles of loan repayment


ABSLI's Group Asset Assure Plan helps you assure your customers that their families don't bear the burden of loan repayment, thus protecting you against loan default in the process.

Key Features

  • Coverage against all types of loans and wealth creation products
  • Multiple premium payment options with option to choose single or joint cover
  • Joint life cover, where the loan is in the name of both members
  • Option to choose level or variable cover

Plan Options

  • Level Sum Assured

    The Sum Assured remains constant throughout the term of the loan/savings scheme.

  • Variable Sum Assured

    The Sum Assured will be customized to the loan/savings scheme characteristics. Sum Assured will be constant throughout each coverage year.

  • Asset Assure Classic

    In the event of Death, benefit will be paid as specified in the certificate of Insurance.

  • Asset Assure Premier

    In the event of death, benefit will be paid as specified in the certificate of Insurance.

    In the event of Total and permanent disability benefit will be paid as specified in certificate of Insurance and cover will be terminated.

  • In the event of total and permanent disability, Sum assured as per certificate of Insurance will be paid.
  • Cover is applicable during Moratorium period
  • Option to continue the policy in case the master policy holder has surrendered the policy.
  • Minimum Sum Assured

    Rs 5000

  • Minimum Entry Age

    18 years; 15 years for education loan

  • Maximum Entry Age

    Asset Assure Classic - Single Pay: 73 years| 5 Pay & Regular Pay: 70 years

    Asset Assure Premier - Single Pay: 63 years| 5 Pay & Regular Pay: 60 years

  • Minimum Policy Term

    Single Pay – 2 years; 5 Pay and Regular Pay – 5 years

  • Maximum Policy Term

    35 years

  • Maximum Maturity Age

    Asset Assure Classic - 75 years

    Asset Assure Premier - 65 years

FAQs

  • Who is the policyholder in Group Asset Assure plan?

    In this plan, the institution or employer is the policyholder whereas the borrowers/depositors/employees are the lives assured.

  • What benefit does it entail for the lender?

    For you the lender, it prevents loan default in case the borrower succumbs to life’s uncertainties and thus incurring losses.

  • Does this policy have any survival benefits?

    No, it doesn’t. The policy offers no survival benefits.

Group Services

Disclaimer:

The Trade Logo “Aditya Birla Capital” Displayed Above Is Owned By ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) And Used By ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the License.”

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI).

This is a non-linked, non-participating traditional 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. For further details, please refer to the policy contract. Tax benefits are subject to changes in the tax laws. For more details on this plan visit our website. For more details on risk factors terms and conditions, please read the sales brochure carefully before concluding the sale. Please refer the Exclusions Section in the sales brochure for details on Exclusions and the Terms & Conditions.

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 IRDAI Reg. No. 109 | CIN: U99999MH2000PLC128110 ADV/9/20-21/1216 UIN: 109N045V03