Hot Line 16749
Hot Line 16749
Product Group Insurance Group Endowment Insurance
Overview
Supplementary Covers
National Hospitalization Plan
Group Term Insurance
Group Endowment Insurance
Group Economy Insurance
Group Anticipated Insurance
Group Pension Insurance
This insurance plan is taken for the purpose of death risk and future savings of group members. Refund of Sum Assured on death of the insured member during the term or at the end of the term in case of survival goes
Group Endowment Insurance
Features & Eligibility:
| Minimum entry age: | 18 years |
| Maximum entry age: | 60 years (65 years in particular) |
| Number of members of group insurance: | 20 people and more |
| Duration of contract: | From 5 to 25 years |
| Maximum sum assured: | Sum insured is determined as per the policyholder's proposal |
| Mode of payment: | Yearly |
| Income tax: | Income tax relief permissible. |
| Supplementary rider : | Pay some additional premium with this insurance Subsidiary insurance benefits may be availed. It doubles the sum assured in case of accidental death Benefit (DIAB) and twice the sum insured Disability Compensation Benefit (PDAB) with benefits and Critical Illness Insurance (CIB) benefits are available. |
Benefits:
| 01. | The premium rate of this insurance is very low. |
| 02. | A pre-determined sum assured is paid on the death of a group member. If he survives to term 25%, 50%, 75% and 100% of sum assured are paid as per contract. |
| 03. | Fast insurance claims are paid out on death of group members. |
| 04. | Surrender value of the policy is available in this plan. |
| 05. | The premium of this insurance is income tax free. |
Supplementary Insurance Brochure
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