ABSLI’s Group Capital Assured Traditional Plan is a robust retirement benefit solution designed for employers to create a fund corpus for paying gratuity and other retirement benefits to employees.
Key Features:
- Policy Value View: Easily view the value of your policy from the policy account.
- Guaranteed Amount: Offers a guaranteed amount in the policy account.
- Comprehensive Coverage: Covers gratuity, leave encashment, post-retirement medical schemes, and superannuation.
Benefits:
- Systematic Investment: Enables systematic investments to accumulate funds for paying retiral benefits to employees.
- Claims: Allows employers to claim from the policy to pay death benefits or retiral benefits to employees or their nominees upon death or exit from service.
- In-Built Life Cover: Provides an in-built life cover of Rs. 1,000 per member for superannuation schemes and Rs. 5,000 per member for other schemes.
- Surrender Option: Offers the option to surrender the policy anytime and receive the actual surrender proceeds at that time.
- Interest Accumulation: Earns interest on investments, which is declared at the end of every financial year and added to your policy account.
Eligibility:
- Available to employers, trustees, central and state governments, public sector undertakings, corporates, multinational corporations, and other groups.
For further details, download the Plan Brochure or contact ABSLI for personalized support.