What is Annuity?


“Ensure a regular stream of income for your employees even after their retirement with ABSLI’s Group Annuity Plans”


Annuity is one of the most crucial retiral benefits provided to the employees by their employers. It refers to the regular stream of income, known as ‘Pension’, which is paid to the employees after their retirement so that they can meet their post-retirement financial needs.


AABSLI’s Group Annuity Plan is designed to provide assured regular pay-outs to your employees (or their spouse) till the rest of their lives, after their retirement.

Why invest in a Group Annuity plan?


Annuity benefits of structured pensions ensure the financial independence of your employees, even after their retirement. By investing in a Group Annuity plan, you can pay these benefits to your employees post their retirement, without disturbing the cash-flow of your business.

  • Structured pension plan for your employees
  • Regular pay-outs at pre-determined frequency
  • Multiple annuity pay-out options
  • Option to cover the spouse of your employees

ABSLI’s Group Annuity Products

ABSLI Guaranteed Annuity Plus

A non-linked, non-participating, general annuity plan that provides various annuity options providing guaranteed income for life and helps you and your family live a worry-free retirement life.

  • Guaranteed Lifelong income with a choice of multiple annuity options
  • Deferred Annuity option to build regular income stream for future with deferment period upto 15 years
  • Option to increase annuity through top-ups
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Benefits of investing in a Group Annuity Plan

It’s a defined benefit plan which offers to pay assured regular pay-outs to your employees after their retirement.

In case of unfortunate death of an employee, his/her spouse will receive the pay-outs till his/her lifetime.

You can secure the funds required to pay annuity benefits to your employees post their retirement.

You can make either a one-time payment towards the policy or you can choose to pay regular premiums.

You will earn interests on your investments, which will be added to the Policy Value at the end of every financial year.

A part of your contributions towards the policy will be used to provide life insurance cover to your employees.

You can avail certain tax deductions, as per the prevailing tax laws, by investing in this plan and reduce your tax liability.

Tips to Choose Group Annuity plan

 

  • Ability to provide good returns


    The Group Annuity plan should be able to provide inflation-beating returns on your investment. With ABSLI’s Group Annuity plans, you can earn interests at competitive rates or make profits by investing in top-quality funds.

  • Flexibility to the investors


    A plan which offers flexibility to the investors in terms of premium payment and pay-out frequencies is deemed the best. ABSLI’s Group Annuity plans are designed to offer you the desired flexibility with multiple premium-payment and pay-out options.

  • Coverage options


    A Group Annuity plan must be able to provide an option to the sponsor to include his/her employees as well as their spouse in the scope of coverage. With ABSLI’s Group Annuity plans, you have the option to cover your employees as well as their wives or husbands.

  • How much liquidity?


    Though it’s not advisable to use the funds accumulated for paying retiral benefits, a Group Annuity plans should offer a certain degree of liquidity to aid you in times of distress.

Frequently Asked Questions

  • What is meant by Annuity?

    Annuity refers to the regular stream of income which is provided by the employers to their employees post their retirement.

  • Is it mandatory to provide Annuity to the employees?

    Though it’s not mandatory to provide Annuity benefits to your employees, it’s prudent to do so to ensure the financial independence of your employees after their retirement.

  • How does a Group Annuity plan work?

    As an employer, you’re required to make a one-time payment or pay regular premiums towards a Group Annuity policy. The contributions made by you will be used to pay regular pension to your employees after their retirement.

  • Who can invest in ABSLI’s Group Annuity plans?

    Any employer, trustee, central or state Government, Public Sector Undertakings (PSUs), MNCs, or group sponsors can invest in ABSLI’s Group Annuity plans.

  • Can I invest in multiple Group Annuity plans?

    Yes. You can invest in multiple Group Annuity plans to accumulate substantial corpus to pay regular income to your employees post their retirement.

Why choose ABSLI’s Group Annuity plans?

Our Group Annuity plans 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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Check out the performance of funds, their NAV, and much more here.

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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 policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non linked, non- participating general annuity plan. Annuity pay-outs are taxable as per extant tax laws. The annuity rates are revised from time to time, applicable annuity amount can be seen at our website. GST and Education Cess and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. For more details on risk factors, terms & conditions, please read sales brochure carefully before concluding the sale.

Registered Office: One World Center 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: 109N132V10

BEWARE OF SPURIOUS / FRAUD PHONE CALLS! IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

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