ABSLI’s Group Capital Assured Traditional Plan offers a robust solution for employers to accumulate a corpus for paying gratuity benefits and other retirement-related expenses for their employees.
Key Features:
- Policy Value Tracking: Easy access to view the value of your policy from the policy account.
- Guaranteed Amount: Provides a guaranteed amount in the policy account.
- Comprehensive Coverage: Covers Gratuity, Leave Encashment, Post-Retirement Medical Schemes, and Superannuation.
Benefits:
- Systematic Investments: Make systematic investments to build a fund for paying retiral benefits to employees.
- Claim Benefits: As an employer, you can claim from the policy to cover death benefits or retiral benefits to employees (or their nominees) upon death or exit from service.
- In-Built Life Cover: Includes 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: Option to surrender the policy anytime and receive the actual surrender proceeds at that time.
- Interest Earnings: Earn interest on your investments, declared at the end of every financial year and added to your policy account.
For more details, you can download the Plan Brochure or reach out to ABSLI for personalized assistance.