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Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited
Why Buy Post Retirement Medical Benefits Scheme(PRMBS) by ABSLI?
Key Features
Accumulation of PRMBS funds without disturbing your cashflow
Build a large corpus to ensure that your liabilities towards your employees are met
Helps in talent acquisition and keeping your current employees motivated
Helps in creating a safe and secure pool of funds for your employees
ABSLI’s PRMBS Products
ABSLI Group Capital Growth Plan
A unit-linked, fund-based group insurance product created to help organisations efficiently manage employee benefit liabilities
ABSLI Group CapSecure Plan
A non-linked non-participating fund based group plan where the employer is the master policyholder while the employees are the beneficiaries.
Benefits Of Funding PRMBS Scheme
By investing in a PRMBS Scheme, you will be able to create a substantial corpus for providing PRMBS benefits to your employees and its costs will be spread uniformly over the employee’s service years.
A PRMBS Scheme allows you to fulfil your liabilities towards your employees without adversely affecting your cash-flow and working capital.
You will earn interests on your investment which will help in reducing your yearly contribution.
By investing in a PRMBS Scheme, you will not only accumulate funds for paying employee benefits but also gain high returns on them in the form of interest.
PRMBS Scheme offered by ABSLI offers high liquidity. You can make stable stream of contributions towards the policy and file a claim to withdraw money, whenever necessary.
A part of the contributions made by youtowards a PRMBS scheme will be used to provide life insurance cover to your employees.
Frequently Asked Questions
PRMB scheme covers the medical expenses incurred by a retired employee, his/her spouse, dependent son(s), and unmarried daughter(s).
Though it’s not mandatory for employers to offer PRMBS to their employees, it helps in fostering employee-employer relationship and also in talent acquisition and retention.
Yes. You can invest in multiple PRMBS plans from ABSLI to diversify your portfolio and create a substantial corpus to fulfil your liabilities towards your employees.
It depends upon the plan option chosen by you. Usually, minimum contribution allowed towards ABSLI’s PRMBS plans starts from Rs. 5,000 per year and there is no cap on maximum contribution which you can make.
Why Choose ABSLI’s PRMBS Scheme?
Our PRMBS Schemes 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
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1 Provided all due premiums are paid.
* Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details
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
ABSLI Group Assured Pension Plan - This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating, non-linked, fund based group plan. UIN: 109L119V03
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.”
ABSLI Group CapSecure Plan (UIN: 109N084V04) and ABSLI Group Capital Assured Traditional Plan (UIN: 109N070V03) are underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked, non-participating fund based group plan. The amount of Contributions less payment in respect of member exit plus quarterly interest addition are reflected in the Policy Account Value and is guaranteed at all times. ABSLI’s liability is limited to the Policy Account Value plus the Sum Assured. ABSLI reserves the right to recover levies such as the GST levied by the authorities on insurance transactions. If there be any additional levies, they too will be recovered from you. Please read the brochure carefully before concluding the sale. For further details please refer to the policy contract. Tax benefits subject to changes in the tax laws. 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.
Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of the fund and factors’ influencing the capital market and the insured is responsible for his or her decision. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document. The various funds offered under this contract are the names of the funds and do not any way indicate the quality of these plans, their future prospects and returns .The Past performance of the Unit linked fund(s) of the company is not necessarily indicative of the future performance of any of these Unit linked fund(s).
