The ABSLI Group Capital Assured Traditional Plan is designed to help employers accumulate a corpus for paying retirement benefits such as gratuity, leave encashment, post-retirement medical schemes, and superannuation.
Key Features:
- Easy Access: View the value of your policy anytime from the policy account.
- Guaranteed Amount: Ensures a guaranteed amount in the policy account.
- Comprehensive Coverage: Covers gratuity, leave encashment, post-retirement medical schemes, and superannuation.
Benefits:
- Systematic Investments: Allows for systematic investments to build up funds for retirement benefits.
- Death and Retirement Benefits: Provides a mechanism to pay death benefits or retirement benefits to employees or their nominees upon death or exit from service.
- In-built Life Cover: Includes an in-built life cover of ₹1,000 per member for superannuation schemes and ₹5,000 per member for other schemes.
- Policy Surrender Option: Option to surrender the policy at any time and receive the actual surrender proceeds.
- Interest Earnings: Earns interest on investments, declared at the end of every financial year and added to the policy account.
Eligibility:
- Master Policyholders: Available to Employers, Trustees, Central and State Governments, Public Sector Undertakings, Corporates, MNCs, and other groups.
- Beneficiaries: Employees are the beneficiaries of this plan.
For more details or to download the plan brochure, refer to the provided links.