A comprehensive group term insurance plan, which ensures your members/customers can stay peacefully without any worry about life’s eventualities. The plan provides the flexibility of two death benefit payout options to ensure adequate financial support.
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Minimum Entry Age |
18 years |
Maximum Entry Age |
69 years |
Maximum Maturity Age |
70 years |
Minimum Sum Assured |
Rs. 5,000 |
Maximum Sum Assured |
No Limit, |
Policy Term |
1 year |
Minimum Group Size |
50 members |
The Master Policyholder may choose to enable the death benefit payout option for individual members at inception of the policy. If enabled, members will have the option to choose between the death benefit payouts. In case the option is not enabled by the Master Policyholder, default payout will be Lumpsum.
Under Death Benefit Payout option, the following options can be selected:
3. Maturity Benefit – No maturity benefit is payable under this plan.
4. Tax Benefits- Tax benefits may be available as per prevailing tax laws