ABSLI Group Protection Solutions is designed for companies aiming to strengthen their relationship with employees by offering comprehensive life cover. In the event of an unfortunate incident, the plan provides a lump sum benefit to the beneficiary. Additionally, a range of optional benefits is available to address other risks such as accidental death, disability, and critical or terminal illness.
Key Features:
- Comprehensive Cover: Optional benefits available to cover various risks.
- Flexibility: Sum assured can be constant or vary according to employee grade or salary.
- Customization: High degree of customization, flexibility, and standardization.
- Easy Administration: Simple and straightforward administrative processes.
Benefits:
- Death Benefit: Provides a lump sum payment to the beneficiary upon the death of the member during the base cover term.
- Flexible Cover Options: Choose between level cover or increasing cover based on your needs.
- Individual Conversion Option: Allows members to continue their coverage as an individual policy if the policyholder surrenders the policy.
- Customizable Benefits: Select from a range of optional benefits and riders to tailor the coverage.
Riders:
- Accidental Death Rider (UIN 109B004V04)
- Provides financial protection in the event of accidental death.
- Accidental Death and Dismemberment Rider (UIN 109B005V04)
- Offers coverage for accidental death and dismemberment.
- Term Rider (UIN 109B007V04)
- Customizes insurance cover for members, providing protection in case of death.
- ABSLI Group Comprehensive Critical Illness Rider (UIN: 109B040V01)
- Offers financial protection for members diagnosed with covered critical illnesses.
- Total and Permanent Disability Rider (UIN 109B010V04)
- Provides coverage in the event of total and permanent disability.
Additional Information:
- Exclusions: Refer to the rider exclusion section in the brochure for more details.
- Brochure: For detailed information on riders and benefits, please download the Plan Brochure or visit our website.
ABSLI Group Protection Solutions ensures comprehensive financial protection for your employees, reflecting your commitment to their well-being and fostering a strong bond with your workforce.