Level death benefit
Option for choosing single or joint cover
Single premium policy
Continued coverage for existing members even if policy terminated by the master policyholder
Discount on Premium
10% discount on the premium of younger life for joint cover
Multiple Joint Cover Options
Co-borrower, guarantor or spouse of the member can apply for joint cover
Entry age (last birthday)
Min: 14 years; Max: 79 years
Minimum group size
Min 1 year; Max: 10 years (Single Premium Policy)
Min: Rs. 1,000; Max: Rs. 2 lakh
Why should I buy Group Bima Yojana?
Group Bima Yojana protects micro finance institutions (MFIs) and their loans from turning into non-performing assets (NPAs) in case the borrower succumbs to life’s uncertainties.
What’s the premium that I need to pay for this Group Insurance Scheme?
Premium depends on the characteristics of the age/gender of the members insured.
Is surrender benefit applicable for this policy?
Yes. On surrender of policy contract due to prepayment of entire loan, a surrender benefit is applicable. Refer to the plan brochure to know more.
What are the exclusions under the policy?
Only suicide clause in the first year is excluded. Refer to the plan brochure to know more
Service for Policy Holders
For West region - 9088020805
For South region - 9916992444
For East and North region - 9560425798
Write to Us
For or any query, Please write to email@example.com
For West region - Anandita.Dubey2@adityabirlacapital.com
For South region - Karundeep.Kaur@adityabirlacapital.com
For East and North region - Ashish.Bhardwaj@adityabirlacapital.com
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 group micro insurance term plan. All terms & conditions are guaranteed throughout the policy term. GST will be added (extra) to your premium and levied as per extant tax laws. 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/9/20-21/1217 UIN: 109N123V01