ABSLI Group Smart Select Plan

Connect

Aditya Birla Sun Life Insurance Company Limited

A comprehensive cover securing the financial future of your members against the burden of loan taken.

ABSLI Group Smart Select Plan helps you ensure happiness of your members' family by making sure their assets don't become a liability in the absence of the chief breadwinner.

Key Features

Availability of multiple coverage options

Coverage for multiple co-borrowers

Covers all types of loan products

Option to choose level or Reducing cover

Plan Brochure Leaflet Policy Contract

Plan Options

Cover stays at same level over the entire policy term

Cover decreases as per repayment schedule

Benefit

https://lifeinsuranceuat.adityabirlacapital.comundefined

Bigger Cushion

This group insurance plan gives the option to enhance the sum assured up to 125% of the loan

Enhanced Benefits Through options

Avail optional benefits by choosing from a comprehensive list of inbuilt options available

ELIGIBILITY

Cover Term

1 month – 30 years (in multiples of 1 month, not exceeding underlying loan tenure)

Premium Payment Term

Single Pay

Entry age

Minimum: 14 years (age as on last birthday) for Base cover 18 years (age as on last birthday) for other benefit options In case of minor lives, risk shall commence immediately on enrolment acceptance. Maximum: 79 years (age as on last birthday) for Base cover 63 years (age as on last birthday) for other benefit options

Maximum Maturity Age

80 years (age as on last birthday) for Base cover 70 years (age as on last birthday) for other benefit options

Minimum Number of Members

Maximum Number of Members

No Limit

Optional Benefits

Accidental Death Benefit (Additional)

Provides an additional amount equal to the sum assured chosen by the member along with sum assured as specified in the policy in the event of accidental death.

Accidental Total and Permanent Disability (Accelerated)

Enhancing financial cushion by providing an additional amount in the event of an accident causing total and permanent disability.

FAQs

The premium amount depends on the characteristics of the loan, age and gender of the member insured. It will also depend on the optional benefits availed and applicable taxes, among others.

ABSLI Group Smart Select plan helps you establish yourself as a caring and thoughtful employer by ensuring your members’ family don’t bear the burden of loan repayment in case of death of the primary earning member.

For your members, it gives peace of mind knowing that their family will not have to undergo the hassles of loan repayment and forgo their dream.

This group insurance plan gives you the option to choose from multiple plan combinations. Refer to the product brochure to know more.

Explore Other Products

ABSLI Group Asset Assure Plan

ABSLI Group Bima Yojna 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.”

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked non – participating Group Credit Life Insurance Plan. 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. 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/10/20-21/1245 UIN: 109N125V01