Group Life Protection Plan - Group Life Insurance Policy For Employees

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Group Life Insurance for Emplyees With Term Plan Benefits
Protection plan for employees
This is a one year renewable group life term Insurance plan designed to provide financial security to the family of the members under the group policy. The Group is insured against any unfortunate event such as death and/or terminal illness. The plan provides the Master Policyholder the option to choose from one of the following options:
Option I: Death benefit
Option II: Death benefit with terminal illness
UIN: 147N008V05

Benefits so good, they have to be true!

Benefits 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
Benefits to the Master Policyholder
Securing the family of the group members is a goodwill gesture and can...

Benefits 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
Benefits to the Member
The Master Policy when implemented covers the member even beyond working hours.....

Benefits 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
Here are the rules! Ask us if any doubts.
Entry Age:
Minimum : 16 years
Maximum : 80 years
Maximum maturity age is 81 years
The policy term is only 1 year.(renewable every year)
The minimum group size is 50 members
Sum Assured:
Minimum : Rs.1000/- per member
Maximum : No limit*
* Subject to medical and financial Underwriting
Annual, Semi-annual, Quarterly and Monthly mode.
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