Benefits:

1) ABSLI Group Capital Assured Traditional Plan-Gratuity Option.

Insured Event	Benefits Payable
Exits as per Scheme rules	The employee receives the Gratuity benefit as per the scheme rules
Death Due to any cause	The nominee of the employee receives the Gratuity benefit as per the scheme rules+ Sum Assured

Please read the product brochure for more information

2) ABSLI Group Capital Assured Plan – Superannuation scheme

Superannuation plan has two variants depending on whether ultimate benefits (i.e. pension benefits) are pre defined or not:

• Defined Benefit (DB) Superannuation Plan The amount of pension (or annuity) that the employee will get is predefined. The tenure of this annuity (i.e. fixed term or until death) is also predefined in the scheme rules. Any additional benefits (like commutation of partial corpus etc.) are also predefined. With the end benefits in perspective, an actuarial valuation is carried out every year to determine the Annual Contributions

• Defined Contribution (DC) Superannuation Plan The amount of contribution is pre-defined in the Scheme rules without any explicit link with the amount of benefit. These contributions are accumulated (along with any earning thereon) and are paid as per scheme rules upon separation of the employee.

In case of a DC scheme, the policy holder may specify the number of Member Accounts that are required to be maintained in the policy. The contributions and interest shall be credited to respective Member Account separately.

Please read the product brochure for more information

3) ABSLI Group Capital Assured Plan – Leave Encashment scheme

Following benefits are payable within provisions of ABSLI Group Capital Assured Traditional Plan-Leave Encashment Option.

Insured Event	Benefits Payable
Exits as per Scheme rules	The employee receives Accrued Leave Encashment benefit as per scheme rules of the employer
Death Due to any cause	The nominee of employee receives Accrued Leave Encashment benefit as per scheme rules of the employer + Sum Assured

Please read the product brochure for more information

4) Tax Benefits

As per prevailing tax regulations in India.

Eligibility:

Minimum Group Size	10 Members
Minimum Sum Assured	Nil Sum assured for Superannuation Schemes Rs 10000 per member for other schemes
Minimum Age at Entry	18 years (age last birthday)
Maximum Age at Entry	As per scheme rules / 70 years (age last birthday)
Maximum Age at Maturity	As per scheme rules / 75 years (age last birthday)
Minimum Contribution	Initial Contribution – Rs.50,000; Subsequent Contribution – Rs.5,000
Minimum Premium	Corresponding to minimum sum assured
Minimum Policy Term	One Year (Annually Renewable)
Maximum Policy Term	Annually renewable. Policy to continue indefinitely until it’s surrender, or expiry of membership term of existing members and there are no new members

Group Services

Service for Policy Holders

Fund Portal

 

Term Portal

Customer Support

Call Us

For West region : +91 9088020805

For South region : +91 9916992444

For East and North region : +91 9560425798

 

Write to Us

For or any query : absli.grouphelpline@adityabirlacapital.com

For West region : Anandita.Dubey2@adityabirlacapital.com

For South region : Karundeep.Kaur@adityabirlacapital.com

For East and North region - Ashish.Bhardwaj@adityabirlacapital.com

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