ABSLI’s Voluntary Insurance Scheme is a unique offering that provides optional life cover for employees, allowing them to obtain additional coverage without any additional cost to the employer. This scheme enhances employee benefits by filling gaps in the coverage provided by the employer.
Why Select Voluntary Insurance Scheme?
- Gap Coverage: Fills the void between the employee’s needs and the employer-provided plan.
- Cost-Effective: Leverages group buying power to offer affordable premium rates, saving costs compared to individual policies.
- Employee Well-Being: Reduces financial stress for employees, contributing to improved health and job satisfaction.
- Employer-Friendly: No additional cost to the employer while offering valuable extra coverage to employees.
Benefits:
- Convenience: Offers a complete digital journey with higher non-medical limits, making it easy to manage.
- Affordable Premiums: Group construct leads to lower premium rates compared to standalone policies.
- Customised Solutions: Tailored options to meet individual employee needs.
- Filling the Void: Addresses gaps due to rising costs and reduced employee benefits.
Riders Available:
- ABSLI Accidental Death Rider (UIN 109B004V04): Provides financial protection in the event of accidental death.
- ABSLI Accidental Death and Dismemberment Rider (UIN 109B005V04): Offers additional coverage for accidental death and dismemberment.
- ABSLI Term Rider (UIN 109B007V04): Customizes coverage for financial protection in the event of death.
- ABSLI Total and Permanent Disability Rider (UIN 109B010V04): Adds extra protection for permanent disability.
- ABSLI Group Comprehensive Critical Illness Rider (UIN: 109B040V01): Provides coverage for a range of critical illnesses.
Download: Plan Brochure
For more information or to explore the options for your employees, please refer to the brochure or visit our website.