Key features
For you, the master policyholder
• You can now provide life cover at reasonable rates
to your members – be it your employees or your
customers
• You have the flexibility to automatically cover the
life of all your members or offer it as a voluntary
scheme where your members may choose to
participate
• You have the flexibility to choose between three
premium paying frequencies
• The plan provides you the flexibility of adding new
members during the plan year
• You can also opt for the Employees Deposit Linked
Insurance (EDLI) scheme under this plan
• The plan is renewed yearly
• The plan is simple to administer
For your member/borrower
• Your member can get a life cover at an extremely
reasonable price.
• In the unfortunate event of the member’s demise,
the sum assured is paid to the nominee.
• The joining procedure is simple and convenient.
• Your members can enjoy tax benefits on the
premium you pay under section 80C.