ABSLI Group Superannuation Plan

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

Paying retirement benefits to your employees now becomes easy with Aditya Birla Sun Life Insurance Group Superannuation Plan.

ABSLI’s Group Superannuation Plan is a group fun-based or unit-linked pension plan which requires defined contributions. It is offered to the employers for the accumulation of wealth required to pay lifetime pension to their employees under the Superannuation Scheme. The employer or the sponsor of the policy is the master policyholder whereas the employees are the beneficiaries.

Key Features

  • Assured benefits for employees upon death or retirement
  • Multiple fund options to suit your risk profile
  • ‘Self-Managed’ or ‘Life Cycle’ option
  • Tax benefits under Sec 80C of Income Tax Act 1961

Benefit Options

  • Option 1 – Assured Benefit

    At the time of death or vesting of a member, ABSLI guarantees protection of 100.1% of the value of the contributions received in respect of the member till date.

  • Option 2 – Classic Benefit

    At the time of death or vesting of a member, Fund Value in respect of the member shall be payable.

Fund Options

  • Group Bond Fund

    To achieve capital preservation along with stable returns by investing in corporate bonds over medium-term period.

  • Group Fixed Interest Fund

    Full Exposure in debt market instrument, aims to achieve value creation at low risk over a long-term horizon by investing in high-quality fixed interest securities.

  • Group Gilt Fund

    To deliver safe and consistent returns over a long-term period by investing in Government Securities for capital preservation of the Policyholder.

  • Group Growth Advantage Fund

    To provide reasonable returns, at a high level of safety and liquidity for capital conservation for the Policyholder.

  • Group Secure Fund

    Helps build your capital and generate better returns at moderate level of risk, over a medium or long-term period through a balance of investment in equity and debt.

  • Group Short Term Debt Fund

    To provide capital preservation at a high level of safety and liquidity through judicious investments in high-quality short-term debt instruments.

  • Group Stable Fund

    To provide capital preservation at a high level of safety & liquidity through judicious investments in high quality short-term debt instruments.

  • Group Growth Maximiser Fund

    To provide long term capital appreciation by actively managing a well-diversified equity portfolio of fundamentally strong blue chip companies.

  • Death/Vesting benefits

    In case an employee dies during the policy term, death benefits will be paid to his/her nominee. Else, vesting benefits will be paid to him at the time of his/her retirement or exit from the service.

  • Flexibility

    The plan allows you to choose Annuity benefits from ‘Assured Benefit’ or ‘Classic Benefit’ option. You can choose from multiple fund options to invest in and make unlimited switches between the funds.

  • Investment Advisory

    The policyholder may choose to receive investment advisory from us from time to time. This can help him/her in better portfolio management.

  • Self-managed or Life-cycle option

    You can choose between ‘Self-Managed’ or ‘Life-Cycle’ option to either manage your investment portfolio by yourself or allow us to structure your portfolio as per your risk profile.

  • Systematic Investment

    The plan allows you to make systematic investments for professional management of your retiral liabilities towards your employees.

  • Transparency

    The policyholder will have full transparency regarding the investment portfolio and its returns. He/she can himself manage the portfolio to maximise the returns.

  • Web facility

    The policyholder can manage his/her portfolio, track the performance of the funds, make switches between the funds, and do much more using our online facility.

  • Minimum Size of Group

    10 members

  • Minimum Age at Entry

    18 years (Age last birthday)

  • Maximum Age at Entry

    As per scheme rules or 74 Years (Age on last birthday)

  • Maximum Age at Maturity

    As per scheme rules or 75 Years (Age on last birthday)

  • Policy Term

    Annually renewable

  • Minimum Premium Amount

    ₹ 10,000

  • Maximum Premium Amount

    There is no upper limit

FAQs

  • What are the surrender benefits promised under this policy?

    The policyholder can surrender the policy anytime and he/she will be paid the entire Policy Fund Value. The policy will stand terminated.

  • Can I cancel the policy after its purchase?

    Yes. You can cancel the policy anytime during the freelook period of 15 days from the date of its purchase.

  • What is the minimum contribution that I need to make towards the policy?

    You need to make a minimum contribution of Rs. 10,000 every year towards the policy. However, there is no cap on the maximum contribution that you can make.

  • What is the difference between ‘Self-Managed’ and ‘Life-Cycle’ option?

    By choosing the ‘Self-Managed’ option, you will be able to manage your investment portfolio yourself. You can invest in any of the 7 fund options and make switches between them to suit your investment needs. On the other hand, by choosing ‘Life-Cycle’ option, you will allow us to structure your portfolio as per your risk profile.

Know Your Funds

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

Group Services

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.”

This 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.

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 ABSLI Group Superannuation plan is 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/10/20-21/1243 UIN: 109L097V02