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Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited
Why Buy ABSLI Group Annuity Plan?
Key Features
Structured pension plan for your employees
Regular pay-outs at pre-determined frequency
Multiple annuity pay-out options
Option to cover the spouse of your employees
ABSLI’s Group Annuity Products
ABSLI Guaranteed Annuity Plus
A non-linked, non-participating, general annuity plan that provides various annuity options providing guaranteed income for life and helps you and your family live a worry-free retirement life.
Benefits Of Investing In A Group Annuity Plan
It’s a defined benefit plan which offers to pay assured regular pay-outs to your employees after their retirement.
In case of unfortunate death of an employee, his/her spouse will receive the pay-outs till his/her lifetime.
You can secure the funds required to pay annuity benefits to your employees post their retirement.
You can make either a one-time payment towards the policy or you can choose to pay regular premiums.
You will earn interests on your investments, which will be added to the Policy Value at the end of every financial year.
A part of your contributions towards the policy will be used to provide life insurance cover to your employees.
You can avail certain tax deductions, as per the prevailing tax laws, by investing in this plan and reduce your tax liability.
Tips To Choose Group Annuity plan
Ability To Provide Good Returns
The Group Annuity plan should be able to provide inflation-beating returns on your investment. With ABSLI’s Group Annuity plans, you can earn interests at competitive rates or make profits by investing in top-quality funds.
Flexibility To The Investors
A plan which offers flexibility to the investors in terms of premium payment and pay-out frequencies is deemed the best. ABSLI’s Group Annuity plans are designed to offer you the desired flexibility with multiple premium-payment and pay-out options.
Coverage Options
A Group Annuity plan must be able to provide an option to the sponsor to include his/her employees as well as their spouse in the scope of coverage. With ABSLI’s Group Annuity plans, you have the option to cover your employees as well as their wives or husbands.
How Much liquidity?
Though it’s not advisable to use the funds accumulated for paying retiral benefits, a Group Annuity plans should offer a certain degree of liquidity to aid you in times of distress.
Why Choose ABSLI’s Group Annuity Plans?
Our Group Annuity plans are designed to provide you a peace of mind with:
Consistent returns in top quartile across products
19+ years of experiences investment managers
High quality portfolio with the right mix of debt and equity
Complete transparency and flexibility to manage your portfolio
Explore Other Categories
Annuity with variable payout option will attract below T&Cs
i. Annuity products with variable annuity pay-out option are different from the traditional insurance products and are subject to the risk factors.
ii. The premium paid in the annuity offered under the annuity policies with variable annuity pay-out option are subject to investment risks associated with capital markets and publicly available index. The annuity amount may go up or down based on the factors influencing the capital market/publicly available index and the insured is responsible for his/her decisions.
iii. Please know the associated risks and the applicable charges, from your insurance agent or intermediary or policy document issued by the insurance company.
iv. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non linked, non- participating general annuity plan. Annuity pay-outs are taxable as per extant tax laws. The annuity rates are revised from time to time, applicable annuity amount can be seen at our website. GST and Education Cess and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. For more details on risk factors, terms & conditions, please read sales prospectus carefully before concluding the sale.
ABSLI Guaranteed Annuity Plus Plan is a Non-Linked, Non-Participating, General Annuity Plan (UIN: 109N132V18).
