ABSLI Group Assured Pension Plan


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


Paying lifetime pension to your employees now becomes easy with Aditya Birla Sun Life Insurance Group Assured Pension Plan.


ABSLI's Group Assured Pension Plan is a non-participating unit linked group superannuation plan. 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

  • Considerable security of your investment with an opportunity to earn high returns
  • Employees will get assured benefits upon death or retirement
  • Helps in building a large corpus without affecting the cash-flow
  • Wealth accumulated can be used to pay loyalty benefits to employees

Fund Options

  • Group Bond Fund

    This Fund Option aims to achieve capital preservation along with stable returns by investing in corporate bonds over medium-term period

  • Group Fixed Interest Fund

    This fund option with full exposure in debt market instrument, aims to achieve value creation at low risk over a long-term horizon by investing into high quality fixed interest securities.

  • Group Gilt Fund

    This Fund Option aims 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

    The objective of the fund is to provide blend of fixed return by investing in debt & money market instruments and capital appreciation by predominantly investing in equities of fundamentally strong and large blue-chip companies.

  • Group Growth Fund

    The objective is to achieve optimum balance between growth and stability to provide long-term capital appreciation with balanced level of risk by investing in fixed income securities and high quality equity security.

  • Group Money Market Fund

    The primary objective of this BSLI Fund Option is to provide reasonable returns, at a high level of safety and liquidity for capital conservation for the Policyholder.

  • Group Secure Fund

    This Fund Option 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

    This fund option helps to provide capital preservation at a high level of safety & liquidity through judicious investments in high quality short-term debt instruments.

  • Group Stable Fund

    This Fund Option helps you grow your capital through enhanced returns over a medium to long term period through investments in equity and debt instruments, thereby providing a good balance between risk and return.

  • Guaranteed Additions

    While the policy is in force, guaranteed additions will be added to the Policy Fund Value on each policy anniversary.

  • Vesting Benefit

    Vesting will be as per the scheme rules, upon which an amount as decided by the Master Policyholder shall be payable, in accordance with the scheme rules.

  • Surrender Benefit

    You can surrender the policy anytime and we will pay the Policy Fund Value. The policy will be terminated.

  • Death Benefit

    If the Member dies while the policy is in force, the Death Benefit payable will be an amount, as decided by the Master Policyholder, in accordance with the scheme rules.

  • Minimum Size of Group

    10 members

  • Minimum Age at Entry

    18 years

  • Maximum Age at Entry

    As per scheme rules or 79 Years (Age on last birthday)

  • Maximum Age at Maturity

    As per scheme rules or 80 Years (Age on last birthday)

  • Policy Term

    Annually renewable

  • Minimum Premium Amount

    ₹ 1,00,000

  • Maximum Premium Amount

    There is no upper limit

FAQs

  • What are the charges levied by the company for this policy?

    Besides the general charges, the policyholder will be levied premium allocation charges of 0.5% of the premiums and fund management charges of 1% per annum for all funds.

  • 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. 1 lakh every year towards the policy. However, there is no cap on the maximum contribution that you can make.

  • Are partial withdrawals allowed under this policy?

    No. Partial withdrawals are not allowed under this policy. Fund withdrawals are allowed only in case of employee’s exit from the service in accordance with the scheme rules.

Know Your Funds

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 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. 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 assured pension 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/9/20-21/1220 UIN: 109L119V02