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Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited
ABSLI Group Asset Assure Plan
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.
Benefits
In The Event Of Total And Permanent Disability, Sum Assured As Per Certificate Of Insurance Will Be Paid.
Cover Is Applicable During Moratorium Period
FAQs
In this plan, the institution or employer is the policyholder whereas the borrowers/depositors/employees are the lives assured.
For you the lender, it prevents loan default in case the borrower succumbs to life’s uncertainties and thus incurring losses.
No, it doesn’t. The policy offers no survival benefits.
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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/10/24-25/1885
UIN: 109N045V04