ABSLI Group Protection Solutions

Connect

Aditya Birla Sun Life Insurance Company Limited

PROTECTING your family’s financial future now with customisable options

ABSLI Group Protection Solutions serves as an ideal way for companies to reinforce their bond with their employees. It provides life cover to the member, by paying a lump sum benefit to the beneficiary in case of an unfortunate event. There is also a range of optional benefits available to cover other risks like accidental death, disability, critical and terminal illness.

Key Features

Comprehensive cover through optional benefits

Total flexibility, where the sum assured could be constant for all eligible employees or could vary according to grade or salary

High degree of customization, flexibility and standardization

Simple and easy administrative processes

Plan Brochure Policy Contract Leaflet

Benefit

https://lifeinsuranceuat.adityabirlacapital.comundefined

Death Benefit

On death of the Member during the Base Cover term, the Sum Assured on Death is payable

Choose your own benefit

You have the flexibility of choosing the Cover options from level cover or increasing cover

ELIGIBILITY

Group Size

Minimum: 5 members Maximum: No Limit

Minimum Age at Entry

18 years (Age last birthday)

Maximum Age at Entry

Long term Base Cover: 65 years Other Base Cover: 79 years Optional Benefits: 64 years (Age last birthday)

Maximum Age at Maturity

Long term Base Cover: 85 years Other Base Cover options: 80 years Optional Benefits: 65 years (Age last birthday)

Sum Assured Options

a) Level Sum Assured b) Increasing Sum Assured

Minimum Sum Assured

Long term Base Cover: Rs. 30,00,000 at inception Others: Rs. 5,000 per Member

Maximum Sum Assured

No Limit subject to Board Approved Underwriting Policy (BAUP)

Minimum Premium Amount

Rs. 2.30 per member

Maximum Premium Amount

No limit

Minimum Policy Term

One year renewable term: 1 year Others: Member’s Cover term shall be at least 1 month, Group Master policy shall continue indefinitely until terminated

Maximum Policy Term

One year renewable term: 1 year Others: Maximum Member’s Cover term shall be 40 years; Group Master policy shall continue indefinitely until terminated

Cover Term

One year renewable term# Minimum: 1 Year | Maximum: 1 Year

Single Pay*

Short Term Minimum: 1 month | Maximum: 5 Years Long Term Minimum: 6 years | Maximum: 40 years

Limited Pay

Short Term: NA Long Term Minimum: 6 years | Maximum: 40 years

Regular Pay

Short Term Minimum: 2 Years | Maximum: 5 Years Long Term Minimum: 6 years | Maximum: 40 years

^# Only under Single Pay level cover, subject to the boundary conditions the cover term can be chosen in multiple of 1 month. For e.g. 7 months, 13 months, 28 months etc.

Where One year renewable term cover is offered, Member may be covered for one full year from the date of admission or upto next renewal of the policy.

Premium Paying Term

One Year Renewable Term Minimum: 1 Year | Maximum: 1 Year

Single Pay Short Term: Single Pay Short Term: Single Pay

Limited Pay Short Term: NA Long Term Minimum: 5 Years | Maximum: 5 Years

Regular Pay Short Term Minimum: 2 Years | Maximum: 5 Years Long Term Minimum: 6 years | Maximum: 40 years

Premium Paying Mode

One year renewable term, Regular/Limited Pay – Annual, Semi-annually, Quarterly or Monthly Single Pay – Single Note: coverage under this product is classified into following categories: OYR: One Year Renewable Short term: Cover term between 1 month to 5 years Long term: Cover term exceeding 5 years

Riders

There are exclusions attached to the rider, please refer rider exclusion section in brochure for more details. Please refer to detailed brochures on riders, or visit our website for further details

Accidental Death Rider

(UIN 109B004V04) (AD)

Addition of ABSLI Accidental Death Rider will customize group insurance cover for your members and provide them financial protection in the event of accidental death.

Accidental Death and Dismemberment Rider

(UIN 109B005V04) (ADD)

Addition of ABSLI Accidental Death & Dismemberment Rider will customize group insurance cover for your members and provide them financial protection in the event of accidental death as well as dismemberment.

Frequently Asked Questions

Not necessarily. Since you are the master policyholder, you can offer to all on a compulsory basis or a select few on a voluntary basis.

Coverage terms available as follows

One year renewable term^#
Minimum: 1 Year | Maximum: 1 Year

Single Pay^*
Short Term
Minimum: 1 month | Maximum: 5 Years
Long Term
Minimum: 6 years | Maximum: 40 years

Limited Pay
Short Term: NA
Long Term
Minimum: 6 years | Maximum: 40 years

Regular Pay
Short Term
Minimum: 2 Years | Maximum: 5 Years
Long Term
Minimum: 6 years | Maximum: 40 years
^# Only under Single Pay level cover, subject to the boundary conditions the cover term can be chosen in multiple of 1 month. For e.g. 7 months, 13 months, 28 months etc. ^* Where one year renewable term cover is offered, Member may be covered for one full year from the date of admission or upto next renewal of the policy.

Premium amount depends on the risk assessment of the group. Please reach out to us to know about applicable premiums.

The Member can choose to avail any benefits from the below mentioned optional benefits

Accidental Death Benefit (Additional)
Essential Critical Illness Cover (Accelerated CI 10)
Super Critical Illness Cover (Accelerated CI 25)
Mega Critical Illness Cover (Accelerated CI 50)
Waiver of Premium on Critical Illness and Accidental Total & Permanent Disability

Yes. Terminal Illness cover is an inbuilt feature in this plan. This benefit is payable in case Member is diagnosed with Terminal Illness during the Base Cover term. Terminal Illness benefit as specified in the benefit schedule/certificate of insurance shall be paid in lumpsum and all future premiums shall be waived, provided the Cover is in force.

Explore Other Products

ABSLI Group Income Replacement Plan

"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."

For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale.

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a Non-Linked Non-Participating Group Term Life Insurance Plan. ABSLI reserves the right to recover levies such as 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 sales.

Registered Office: One World Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Call Centre: 1-800-270-7000 https://lifeinsurance.adityabirlacapital.com/ IRDAI Reg. No. 109

CIN: U99999MH2000PLC128110 UIN: 109N006V09 ADV/12/23-24/3104