What is Superannuation?

“Ensure the financial independence of your employees after their retirement with ABSLI’s Superannuation plans”

Superannuation refers to the regular stream of income – popularly known as Pension – paid to an employee after his/her retirement from service till his/her death. It is a pension program declared by an employer or organisation for the benefit of its employees.

ABSLI’s Superannuation Scheme are designed to help you accumulate funds to pay superannuation benefits to your employees, once they retire.

In this policy, the investment risk in investment portfolio is borne by the policyholder

Why fund Superannuation Scheme?

A superannuation scheme ensures that an employee continue to receive a regular stream of income even after his/her retirement. By investing in a Superannuation scheme, you can ensure that you’ve a pool of funds ready to pay this benefit to your employees.

  • Helps in creating a separate pool of funds for employees
  • Provides tax benefits to employees as well as employers1
  • Safeguards your working capital against bulk retirement pay-outs

ABSLI’s Superannuation Scheme

ABSLI Group CapSecure Pension Plan

A non-linked non-participating fund based group plan where the employer is the master policyholder while the employees are the beneficiaries.

  • Guaranteed amount in policy account2
  • Returns are declared quarterly
  • Traditional non-linked product
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ABSLI Group Capital Assured Traditional Plan

A non-participating non-linked fund based group plan where the employer can earn interest on the investments, which is credited to the policy at the end of every financial year.

  • Guaranteed amount in policy account
  • Returns are declared annually
  • Traditional non-linked product
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ABSLI Group Assured Pension Plan

A non-participating unit linked plan through which the employers can accumulate funds to pay lifetime pension to their employees.

  • Assured benefits upon death or retirement
  • Helps to build a large corpus without affecting the cash-flow
  • Opportunity to earn high returns
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ABSLI Group Superannuation Plan

A unit-linked pension plan where the employer can choose to either self-manage or allow us to manage his/her investment portfolio to earn maximum returns.

  • Assured benefits for employees upon death or retirement
  • Option to choose between market cycle or self-managed
  • Multiple fund options to suit your risk profile
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Benefits of Investing in Superannuation Scheme

This plan allows an employer to make a systematic investment so as to create a corpus for employees’ retirement, without affecting his/her cashflow.

Regular contributions made towards a this plan helps an employer to accumulate wealth for employee benefits in a tax-efficient manner.

A part of the contributions made by an employer towards this plan is used to provide life insurance cover to his/her employees.

Tips to Choose the Right Superannuity Plan

 

  • Portfolio Quality

    A superannuation scheme allows you to invest in top-quality funds so that you can gain maximum returns on your investment. With ABSLI’s Superannuation Plan, you’ll have multiple fund options to invest in, as per your risk appetite and investment horizon.

  • Inflation Beating Returns

    Look out for a superannuation scheme which invests in funds which have the capability to provide inflation-beating returns.

  • Diversified Portfolio

    You will be able to create a diversified investment portfolio to ensure a right blend of high returns and capital preservation. ABSLI’s fund portfolios are diversified across Sovereign Guaranteed Securities, Fixed Income Securities, Large Cap Equities, and highly liquid MMI’s and CBLO.

  • Flexibility

    Opt for a plan which offers flexibility in choosing the schemes. With ABSLI, you can choose to invest in traditional as well as unit-linked plans as per your needs. Also, you can choose to invest in one pooled account for all your employees or in different accounts.

FAQs

  • What is meant by Superannuation?

    The literal meaning of the word ‘superannuation’ is to become retired. The superannuation scheme refers to the regular stream of income given to an employee after his/her retirement from the service so that he/she can meet his living expenses.

  • Can I invest in multiple Superannuation scheme?

    Yes. You can invest in multiple superannuation schemes from ABSLI to diversify your portfolio and create a substantial corpus to fulfil your obligations towards your employees.

  • What are tax benefits1 available under superannuation scheme?

    As per the Income Tax rules, both employers and employees can avail tax benefits under the superannuation scheme. For employers, contributions made towards a superannuation fund and any income generated from it is exempted from the income tax.

  • What is the minimum amount which I can invest in a Superannuation scheme?

    It depends upon the plan option chosen by you. Usually, minimum contribution allowed towards ABSLI’s Superannuation schemes starts from Rs. 5,000 per year and there is no cap on maximum contribution which you can make.

Why Choose ABSLI’s Superannuation Schemes?

Our Superannuation Schemes are designed to provide you a peace of mind with:

  • Investment managers with 19+ years of experience
  • Complete Transparency and flexibility to manage your portfolio
  • Consistent Top Quartile returns across products
  • High quality portfolio with the right mix of debt and equity

Know Your Funds

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

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1 Tax benefits are subject to changes in tax laws

2 Provided all premiums paid

Disclaimer:

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 Pension Plan This is a non-linked, non-participating fund based group pension 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. 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. 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. UIN: 109N082V03

ABSLI Group Capital Assured Traditional Plan 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. 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. For further details please refer to the policy contract. Tax benefits mentioned herein are 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. UIN: 109N070V02

ABSLI Group Assured pension plan is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a unit linked group life insurance plan. Aditya Birla Sun Life Insurance - ABSLI Group Assured Pension Plan – Segregated Fund Options are only the names of the Company, Policy and Segregated Funds and do not in any way indicate their quality, future prospects or returns. The policy charges mentioned above are applicable to the base policy. Unless specifically stated as guaranteed, policy charges can be modified by the company subject to the specified limits and prior IRDAI approval. The value of the Segregated Fund reflects the value of the underlying investments. These investments are subject to market risks and change in fundamentals such as tax rates etc affecting the investment portfolio. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of Segregated Fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. There is no guarantee or assurance of returns from the Segregated Funds. 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. For further details please refer to the policy contract. Tax benefits are 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. UIN: 109L119V02

ABSLI Group Superannuation Plan is a non-participating group unit linked plan. Aditya Birla Sun Life Insurance -ABSLI Group Superannuation Plan–Self-Managed Option and Life Cycle Option are only the names of the Company, Policy and Investment Options and do not in any way indicate their quality, future prospects or returns. The names of the funds offered in this plan do not in any way indicate their quality, future prospects or returns. The charges are guaranteed throughout the term of the policy unless specifically mentioned and subject to IRDA of India approval. The value of the segregated fund reflects the value of the underlying investments. These investments are subject to market risks and change in fundamentals such as tax rates etc affecting the investment portfolio. There is no guarantee or assurance of returns from the segregated funds. ABSLI reserves the right to recover levies such as the goods and service tax levied by the authorities on insurance transactions. If there be any additional levies, they too will be recovered from you. For further details please refer to the policy contract. Tax benefits are 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. UIN: 109L097V02

In these policies, the investment risk in investment portfolio is borne by the policyholder. 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. Aditya Birla Sun Life Insurance Company Limited is only the name of the Insurance Company and Group Value Plus plan and Group Unit linked plan are only name of the unit linked life insurance contract and funds and does not in any way indicate the quality of the contract, its future prospects or returns. 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).

Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Call Centre: 1-800-270-7000 www.adityabirlasunlifeinsurance.com IRDAI Reg. No. 109 | CIN: U99999MH2000PLC128110 ADV/11/20-21/1624