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Understand What Are Group Plans
Group plans cover a group of people under a single insurance plan. The people covered under the single insurance policy are known as ‘group’. Group life insurance can be taken by organizations to cover their employees.
Benefits of Group Insurance Plans
Type of Group Plans
Group plans are of different types –
- Some provide death benefit or terminal illness cover
- Some can act as a retirement plan for your employees while some cover loans and debts.
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Key Highlights of Group Insurance
Group insurance is best suited for employers who wish to provide additional benefits to their employees.
- Group insurance plan ensures that your employees’ retirement benefits are well-managed and secured.
- It also secures your employee's outstanding loans and provides a life cover
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Disclaimer
0 - Provided the premium paying term is more than or equal to 10 years.
3 - As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
- For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
ARN No: WP/1463/Feb/2021
