1800-270-7000
Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited
Multiple Investment Choices : Select from nine diverse funds (from very low to high risk) or opt for a capital protection fund with a guaranteed# return of 100.1% of net contributions after 2 years.
Suitable for All Group Sizes : Available for groups starting at just 10 members, with no upper limit.
Customisable Premiums : o Defined Benefit: Minimum ₹1 lakh per policy o Defined Contribution: Minimum ₹500 per member (₹1 lakh per policy)
Flexible Contribution Options : No obligation for regular premiums; contribute as per your funding requirements.
Built-in Sum Assured : Additional - sum assured of ₹10,000 per member under non-superannuation schemes.
Tax Benefits * : Potential tax advantages for both the employer and the employees (as per current tax laws).
ABSLI Group Capital Growth Plan Benefits At a Glance
Market-Linked Growth
Access a variety of debt and hybrid funds. Choose your risk profile, and optimise returns for your employees’ future.
Capital Protection Option
With the Group Capital Protection Fund, you can choose a capital guarantee, ensuring that 100.1% of net contributions are returned after a 2-year waiting period.
Extra Allocations & Fund Additions
Get extra allocations on first-year contributions and enjoy annual additional units based on your fund size, helping your employee benefit corpus grow faster.
Easy Administration & Adaptability
Top up your funding as needed, switch funds with zero charges, and manage your group’s changing needs effortlessly.
|
Parameters |
Minimum |
Maximum |
|
Age at Entry (last birthday) |
18 years |
75 years |
|
Policy Term |
1 year (Annually renewable) |
The policy will continue indefinitely on an annually renewable basis until the master policyholder surrenders the policy or the membership term of existing members expires, with no new members being added |
|
Premium Payment Term |
Single Pay |
There is no regular premium obligation; premiums will depend on the scheme's funding requirements. |
|
Premium |
Defined Benefit Schemes: Rs. 1,00,000 per policy Defined Contribution Schemes: Rs. 500 per member and Rs. 1,00,000 per policy |
No Limit |
|
Sum Assured per Scheme Member |
Non-Superannuation Schemes – Rs. 10,000 |
Non-Superannuation Schemes – Rs. 10,000 |
|
Superannuation Schemes - NIL |
Superannuation Schemes - NIL | |
|
Age at Maturity (last birthday) |
19 years |
85 years |
|
Group Size |
10 members |
No Limit |
Frequently Asked Questions
Superannuation, gratuity, leave encashment, PRMS, and other benevolence schemes.
You may choose from a range of funds based on your risk appetite, or select the capital protection option for guaranteed# returns.
Fund management charge: 1% per annum (may increase to 1.35% with IRDAI approval). Capital protection charge: 0.15% p.a. (if you opt for guaranteed# benefit). Mortality Charge of Rs. 0.60 per 1000 sum assured. Surrender charges as applicable.
Yes, unlimited fund switches and premium redirections are allowed within different funds under the selected option.
Employers and employees may enjoy tax benefits* as per prevailing tax laws.
Payouts are made as per the scheme’s rules and fund value, subject to applicable charges.
*Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details
# As long as all due premiums are paid
ABSLI Group Capital Growth Plan - This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating group unit linked plan. UIN - 109L152V01
