ABSLI Group Protection Solutions
Overview:
ABSLI Group Protection Solutions offer a robust framework for companies to provide comprehensive financial protection to their employees. This solution not only covers life insurance but also includes various optional benefits to address other potential risks such as accidental death, disability, critical, and terminal illnesses.
Key Features:
- Comprehensive Coverage: Includes optional benefits to cover a wide range of risks.
- Flexibility in Coverage: Sum assured can be constant or vary by employee grade or salary.
- Customization and Standardization: High degree of both customization and standardization to meet diverse needs.
- Administrative Ease: Simple and straightforward administrative processes.
Benefits:
- Death Benefit: Provides a lump sum benefit to the beneficiary in case of the member’s death during the base cover term.
- Flexible Coverage Options: Choose between level cover or increasing cover as per the needs.
- Individual Conversion Option: Allows members to convert their group coverage to an individual policy if the group policy is surrendered.
- Customizable Benefits: Select from a range of optional benefits and riders to tailor coverage.
Riders:
- Accidental Death Rider (UIN 109B004V04) (AD): Provides additional financial protection in the event of accidental death.
- Accidental Death and Dismemberment Rider (UIN 109B005V04) (ADD): Offers coverage for accidental death and dismemberment.
- Term Rider (UIN 109B007V04) (Term): Adds financial protection in case of death.
- ABSLI Group Comprehensive Critical Illness Rider (UIN: 109B040V01): Covers critical illnesses with a range of conditions.
- Total & Permanent Disability Rider (UIN 109B010V04) (TPD): Provides financial protection in case of total and permanent disability.
Exclusions:
- Rider Exclusions: For detailed exclusions and specifics related to each rider, please refer to the rider exclusion section in the brochure or visit our website.
Download: Plan Brochure
For more detailed information or to customize your group insurance plan, please refer to the brochures or contact us directly.