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.
Group plans are of different types –
Group insurance is best suited for employers who wish to provide additional benefits to their employees.
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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