ABSLI Group Asset Assure Plan

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Aditya Birla Sun Life Insurance Company Limited

Establish yourself as a caring lender by securing the family of your borrower against hassles of loan repayment

ABSLI's Group Asset Assure Plan helps you assure your customers that their families don't bear the burden of loan repayment, thus protecting you against loan default in the process.

Key Features

Coverage against all types of loans and wealth creation products

Multiple premium payment options with option to choose single or joint cover

Joint life cover, where the loan is in the name of both members

Option to choose level or variable cover

Plan Brochure Policy Contract Leaflet

Plan Options

Level Sum Assured

The Sum Assured remains constant throughout the term of the loan/savings scheme.

Variable Sum Assured

The Sum Assured will be customized to the loan/savings scheme characteristics. Sum Assured will be constant throughout each coverage year.

Elgibility

Minimum Sum Assured

Rs 5000

Minimum Entry Age

18 years; 15 years for education loan

Maximum Entry Age

Asset Assure Classic - Single Pay: 73 years| 5 Pay & Regular Pay: 70 years

Asset Assure Premier - Single Pay: 63 years| 5 Pay & Regular Pay: 60 years

Minimum Policy Term

Single Pay – 2 years; 5 Pay and Regular Pay – 5 years

Maximum Policy Term

35 years

Maximum Maturity Age

Asset Assure Classic - 75 years

Asset Assure Premier - 65 years

BENEFITS

In the event of total and permanent disability, Sum assured as per certificate of Insurance will be paid.

Cover is applicable during Moratorium period

FAQs

In this plan, the institution or employer is the policyholder whereas the borrowers/depositors/employees are the lives assured.

For you the lender, it prevents loan default in case the borrower succumbs to life’s uncertainties and thus incurring losses.

No, it doesn’t. The policy offers no survival benefits.

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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 traditional group 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 are subject to changes in the tax laws. For more details on this plan visit our website. For more details on risk factors terms and conditions, please read the sales brochure carefully before concluding the sale. Please refer the Exclusions Section in the sales brochure for details on Exclusions and the Terms & Conditions.

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/9/20-21/1216 UIN: 109N045V03