ABSLI Group Capital Assured Traditional Plan

Aditya Birla Sun Life Insurance Company Limited

ABSLI Group Capital Assured Traditional Plan

ABSLI Group Capital Assured Traditional Plan is a comprehensive group insurance solution. It is a non-participating, yearly renewable and non-linked group plan wherein, the employer, trust, sponsor, or other group in compliance with the group guidelines is the Policyholder and the members of the scheme are the lives insured. ABSLI Group Capital Assured Traditional Plan caters to varied needs of any Group-Administrator, Employer, Trustee, State & Central Governments, Public Sector Undertakings, MNCs etc. who wish to provide for members’ retirement, separation, death, disability and any other welfare benefit.

Key Features

Easy View value of your policy from the policy account

Offers guaranteed amount in policy account

Covers Gratuity, Leave Encashment, Post-retirement medical schemes and Superannuation

Plan Brochure Policy Contract Leaflet

Benefit

Make systematic investments to accumulate funds for paying retiral benefits to your employees.

As an employer, you can claim from the policy to pay death benefits or retiral benefits to your employee (or his/her nominee) upon his/her death or exit from the service.

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

Frequently Asked Questions

Yes. ABSLI’s Capital Assured Traditional Plan provides guaranteed returns where the interest on your investment is declared at the end of every financial year.

You will get a life cover of Rs. 1,000 for each member with superannuation schemes and Rs. 5,000 per member for other schemes.

Yes. You can cancel the plan anytime during the free-look period of 15 days from the date of purchase.

The Guaranteed Surrender Value is 70% of the total premiums paid minus all the payments made from the policy account in the past

Know Your Funds

Check out the performance of funds, their NAV, and much more here.

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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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ABSLI Group CapSecure 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. The amount of Contributions less Benefits paid plus interest earned are reflected in the Policy Account value and is guaranteed at all times. ABSLI’s liability is limited to the Policy Account Value and the Sum Assured payable in case of death. BSLI 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. This brochure contains only the salient features of the plan. For further details please refer to the policy contract. Tax benefits mentioned herein are subject to changes in the tax laws. Insurance is the subject matter of the solicitation. For more details on this plan visit our website.
UIN: 109N070V03
ADV/10/24-25/1883