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You can provide a comprehensive protection package cover at a lower cost as compared
to individual life insurance policies. -
Your staff gets maximum protection at minimal underwriting requirements for accepting
the cover.
Save tax while you safeguard the interests of your employees. Reduce your administrative workload. We take care of it all. Build a positive attitude in your workforce, inspire loyalty and retain employees
for longer. Achieve your objective of being a conscientious employer and a good corporate citizen.
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They get comprehensive life insurance cover. In other words, more wholesome protection
against life's uncertainties. No lengthy procedures to go through, it is a hassle free process.
They don't need to worry about maintaining the plan by making periodic premium payments.
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Minimum age at entry:
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18 years age last birthday
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Maximum age at entry:
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64 years age last birthday
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Maximum risk coverage age:
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65 years age last birthday
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Premium mode:
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As per base plan
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Can be attached to: |
Yearly Renewable Term Assurance
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Profit sharing:
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Not available
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Amount of benefit: |
Optimal Sum Assured not exceeding the SA under the basic policy.
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Maximum amount of benefit:
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Up to a maximum of Rs. 20,00,000/- depending upon occupation
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While we provide prompt and assured support to your employees in the event of an
accident, there are some exceptions to the rule. If the accident occurs due to any
of the following :
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Intentional self-inflicted injury, attempted suicide, while sane or insane. Insured Member being under the influence of alcohol, narcotics, psychotropic substances
or drugs unless taken in accordance with the lawful directions and prescription
of a qualified and registered medical practitioner. Participation in any flying activity, except as a bonafide passenger in a commercially
licensed aircraft. Participation in a criminal or unlawful act.
Any injury sustained before the Date of Risk Commencement under this Rider.
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Any Disease for which care, treatment, or advice was recommended by or received
from any consultant including but not limited to a physician or a Specialist or
which first manifested itself or was contracted before the start of the Risk Commencement
Date, or for which a claim for an event under this rider has or could have been
made under any earlier policy.
Participation in hazardous sports, hobbies or pastimes
including (but not limited
to) racing, parachuting, mountaineering. Atomic energy explosion or radiation of any kind, biological and chemical accidents.
War (declared or undeclared), invasion, civil commotion, riots, terrorism, revolution
or any war-like operations.
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Disease in the presence of HIV infection.
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No person shall allow or offer to allow, either directly or indirectly, as an inducement
to any person to take out or renew or continue an insurance in respect of any kind
of risk relating to lives or property in India, any rebate of the whole or part
of the commission payable or any rebate of the premium shown on the Policy, nor
shall any person taking out or renewing or continuing a Policy accept any rebate,
except such rebate as may be allowed in accordance with the published prospectuses
or tables of the insurer.
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Any person making default in complying with the provisions of this section shall
be punishable with fine that may extend to five hundred rupees.
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