Group Credit Protection Plan - Your Proctection against Loans

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Group Credit Protection Plan - Your Protection against Loans

A term insurance plan aimed to provide protection to a group

This plan covers all types of loans (personal, home, car, agriculture, credit card, education and any other loan) . This is a term Life Insurance product aimed to provide protection against loan repayment default due to death. UIN No: 147N002V02


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Benefits so good, they have to be true!

Death Benefit

Death Benefit

 

In the event of death, the reduced sum assured as per schedule as on death will be paid.

Sum assured will reduce as per loan repayment schedule based on parameters chosen by member. The same will be mentioned in Certificate of Insurance (COI). The outstanding sum assured for the whole coverage year would be equal to the outstanding sum assured at the beginning of the year.

Death Benefit

In the event of death, the reduced sum assured as per schedule as on death will be paid...

Death Benefit

Death Benefit

 

In the event of death, the reduced sum assured as per schedule as on death will be paid.

Sum assured will reduce as per loan repayment schedule based on parameters chosen by member. The same will be mentioned in Certificate of Insurance (COI). The outstanding sum assured for the whole coverage year would be equal to the outstanding sum assured at the beginning of the year.

Surrender Benefit

Surrender benefit will be available....

Surrender Benefit

Surrender Benefit

 

Surrender benefit will be available from first year onwards. For further details, please refer to the sales brochure.

Survival benefit

No amount is payable....

Survival benefit

Survival benefit

No amount is payable on maturity or survival.

Check if you are eligible for this product

Here are the rules! Ask us if any doubts.

What is the maturity age for the plan?
The maximum maturity age...

The maximum maturity age is 70 years

What is the minimum group size?
The minimum group...

The minimum group size is 50.

What is the minimum sum assured in this plan?
The minimum sum assured in this plan....

The minimum sum assured is Rs 10,000 per member

What is the minimum and maximum entry age for this plan?
The minimum and maximum entry age...

Entry Age:

Minimum : 18 years

Maximum : 65 years

What is the premium paying term ?
The premium paying term..

This plan is a Single installment pay plan

What is the policy term for this plan?
The policy term for this plan is...

Minimum coverage term : 2 years

Maximum coverage term : 30 years

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Additional resources

Product brochure view & download pdf
Sample contract view & download pdf
Product disclaimer read more