Edelweiss Tokio Life – Group life protection

group life insurance policy plan For employees

  • 01 Flexibility to choose cover
  • 02 Option of choosing benefits
  • 03 Additional comprehensive benefits

plan definition

Option to choose between only death benefit and death benefit with terminal illness. UIN No: 147N008V04

key features

1benefits to the master policyholder

 

- Securing the family of the group members  is a goodwill gesture and can create loyalty

- Premium paid by employer is deductible as business expense as per Income Tax Act 196

- Large limit on Sum Assured with no medical test ensures hassle free implementation of the policy

- Additional comprehensive benefits through options and riders at nominal extra cos

- Protects against the unforeseen circumstances of benefit payments under employee benefit schemes

2benefits to the member

 

- The Master Policy when implemented covers the member even beyond working hours and anywhere in the world.

- Premium paid by employer is not a perquisite to the employee and does not attract tax

- Premium paid by individual member qualifies under 80C deduction as per Income Tax Act 1961

- Benefits received by the beneficiary of this policy are not taxable

riders

Riders can be added at the inception of the policy or at policy anniversary during the Policy Term subject to underwriting and terms and conditions of the riders and the product. Following riders are available with this plan.

*Note: Edelweiss Tokio Life – Payer Waiver Benefit Rider and Edelweiss Tokio Life – Waiver of Premium Rider won’t be offered under the Secured Income Option and with Single Premium Payment Option.

additional resources

product brochure

download pdf

sample contract

download pdf

product disclaimer

read

customer testimonials

eligibility criteria

1 entry age (last birthday)

Minimum : 16 years

Maximum : 80 years

2 maturity age (last birthday)

Maximum maturity age is 81 years

3 policy term

1 year(renewable every year)

4 group size

minimum group size is 50 members

5 frequency of payment

Annual, Semi-annual, Quarterly and Monthly mode.

6 sum assured

Minimum : Rs.1000/- per member

Maximum : No limit*

 

 

* Subject to medical and financial Underwriting

customer testimonials

customer testimonials

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