ABSLI Group Income Replacement Plan

Secures financial interest of group members on the occurrence of a critical illness or total permanent disability.

ABSLI Group Income Replacement Plan substitutes your member’s monthly income to ensure essential needs are met in times of distress.

Key Features

  • Multiple options to receive income benefit
  • Total flexibility on sum assured
  • Steady income in case diagnosed with any of covered dreaded illnesses or occurrence of Total and Permanent Disability
  • Income benefit

    In the event of the member being diagnosed with the first occurrence of any of the covered Critical Illnesses or Total Permanent Disability, Income benefit will be paid.

  • Member Addition

    Add new members during the policy year either by paying pro-rata premium for the cover during the remaining policy year or by paying the full premium for one full year of cover from the member’s risk commencement date as per the scheme rules.

  • Premium payment options

    The premium under the policy can be paid either on an Annual, Semi-annual, Quarterly or Monthly basis.

  • Increase or Decrease in Sum Assured

    The master policyholder will be allowed to increase or decrease the cover amount of the members during the year according to the definition of the cover for the group.

  • Minimum Age at Entry

    18 years (Age last birthday)

  • Maximum Age at Entry

    65 years (Age last birthday)

  • Minimum Size of Group

    7 members

  • Maximum Age at Renewal

    65 years (Age last birthday)

  • Minimum Sum Assured

    ₹ 10,000

  • Maximum Sum Assured

    No limit (subject to board approved underwriting guidelines)

  • Minimum Policy Term

    One year renewable

Frequently Asked Questions

  • Which critical illnesses are covered under this plan?

    Cancer of specified severity, Myocardial Infarction, Stroke resulting in permanent symptoms, Kidney failure requiring regular dialysis, and end-stage liver failure are some of the critical illness covered under this plan. Refer to the plan brochure  for details.

  • What type of disability is covered?

    The plan defines disability in two ways:

    Definition 1: Loss of use of limbs or visual loss or Loss of the use of two limbs or Loss of the use of one limb and the sight of one eye or Loss of the sight in both eyes (Blindness )

    Definition 2: Loss of independent living where the life insured is unable to perform independently any two or more activities of these activities - Washing,Dressing,Transferring,Mobility and Feeding

  • Can it be offered to select members only?

    Yes, it can be offered to well-defined selected members.



The Trade Logo “Aditya Birla Capital” Displayed Above Is Owned By ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) And Used By ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the License.”

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked, non-participating group insurance plan. ABSLI reserves the right to recover levies such as GST levied by the authorities on insurance transactions. If there be any additional levies, they too will be recovered from you. For further details please refer to the policy contract. Tax benefits subject to changes in the tax laws. For more details on risk factors terms and conditions, please read the sales brochure carefully before concluding the sale. Please refer the Exclusions Section in the sales brochure for details on Exclusions and the Terms & Conditions.

Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Call Centre: 1-800-270-7000 www.adityabirlasunlifeinsurance.com IRDAI Reg. No. 109 | CIN: U99999MH2000PLC128110 ADV/9/20-21/1181