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Life Insurance

 

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    Life Insurance

     
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    Types of Life Insurance products - Group

    Group insurance is an insurance plan that covers all members under a single master policy. All members who are part of the group can get the benefit of the insurance plan.

    Examples of eligible groups are
    • Employer - Employee Group
    • Creditor - Debtor Groups
    • Professional Groups
    • Other miscellaneous groups
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    Term insurance based Group products include

    • Group Term Life Insurance
    • Credit Life insurance

    Fund Management based Group products include

    • Group Gratuity Scheme
    • Group superannuation
    • Group Leave Encashment Group annuities
     

    Types of Life Insurance

    Employee Deposit Linked Insurance

    EDLI or Employee Deposit Linked Insurance scheme

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    Group Leave Encashment Group Annuities

    Employer provides benefits to employees by actuating

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    Group Superannuation

    The Superannuation Scheme take care of retirement

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    Group Gratuity Scheme

    This is a Group insurance scheme that

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    Credit Life Insurance

    Credit life insurance is a life insurance

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    Group Term Life Insurance

    It is a group insurance plan by

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