Group Credit Protection Plan - Your Protection Against Loans

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A Group Term Insurance Plan That Covers Loan
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: 147N002V03

Benefits so good, they have to be true!

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
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 will be available from first year onwards. For further details, please refer to the sales brochure.
Survival benefit
No amount is payable....

Survival benefit
No amount is payable on maturity or survival.
Here are the rules! Ask us if any doubts.
The maximum maturity age is 70 years
The minimum group size is 50.
The minimum sum assured is Rs 10,000 per member
Entry Age:
Minimum : 18 years
Maximum : 65 years
This plan is a Single installment pay plan
Minimum coverage term : 2 years
Maximum coverage term : 30 years
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