Group Life Protection Plan - Group Life Insurance Policy by Edelweis Tokio

  • RECENTLY VIEWED BY 2754 people

Group Life Protection Plan - Group Life Insurance Policy for Employees

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: 147N008V04


Check out our features

Benefits so good, they have to be true!

Benefits to the Master Policyholder

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

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

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

Check if you are eligible for this product

Here are the rules! Ask us if any doubts.

What is the minimum and maximum entry age?
The minimum and maximum entry age...

Entry Age:

Minimum : 16 years

Maximum : 80 years

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

Maximum maturity age is 81 years

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

The policy term is only 1 year.(renewable every year)

What is the minimum group size for this plan?
The minimum group size...

The minimum group size is 50 members

What is the minimum and maximum Sum Assured?
The minimum and maxi..

Sum Assured:

Minimum : Rs.1000/- per member

Maximum : No limit*

 

 

* Subject to medical and financial Underwriting

What are the payment frequency options for this plan?
Annual, Semi-annual, Quarterly and Monthly mode

Annual, Semi-annual, Quarterly and Monthly mode.

Customer Testimonials

Our customers shared their thoughts

Still have a query?

Lets us get in touch with you :)

Thank you! Our team will get back to you shortly

Other related articles & resources

You may also like to know

Should You Rely On Group Term Life Insurance?

read more

How To Choose The Right Life Insurance Online?

read more

Additional resources

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