Group Insurance Plans

Groups work with and exist only because of their members. Members could be your customers, employees or any other individuals associated with you. No matter what your area of work, the value that individual members bring to your group cannot be underestimated. While being an important part of your group or organisation, your members are also an essential part of their family. It hence becomes your responsibility to ensure basic financial security for them.

We have a good range of protection and savings plans such as our IndiaFirst Group Credit Life Plan and IndiaFirst Group Term Plan. We are also introducing a series of employee benefit plans like Group Superannuation, Group Gratuity and Group Leave Encashment plan amongst others. Corporate Business

What are the advantages of choosing a group insurance plan?

While being an important part of your group or organisation, your members are also an essential part of their family. It hence becomes your responsibility to ensure basic financial security for them. Corporate Business

What are the different group products available at IndiaFirst?

We have a good range of protection and savings plans such as our IndiaFirst Group Credit Life Plan and IndiaFirst Group Term Plan. We are also introducing a series of employee benefit plans like Group Superannuation,Group Gratuity and Group Leave Encashment plan amongst others.

Why choose IndiaFirst group plans?

Service is big a differentiator, as we believe it is critical to Group customers since any deficiency impacts not just one but many. This is where our cutting edge service platform truly helps.

Convenience, flexibility and low cost of operations are the three principles of our group business. To achieve these, we intend to manage the end to end process through an integrated policy administration system aligned with Life Asia and our customer portals. Everything is available online at the mere click of a mouse.

Another big differentiator is the providing quality advice. Many times, institutional customers are wary of taking decisions themselves and they ask us which fund(s) meet their needs better? What is the right time for switching? How to minimize the risk of market fluctuations especially during the year end accounting? How to integrate various components of retirement benefits into an integrated solution? How should they manage asset liability matching and so on…

We believe, to advise appropriately we need to know the full financial picture of the client. Hence, advice provided will always be only after carefully studying and identifying your individual requirements and not ad hoc. Sometimes when part of the advice is tax related and we are not the best people to deal with, the same will be informed to you.

However, for long term retirement planning, please do call us at our Investment Helpline. We will be happy to talk to you on everything you need to know about our Investment plans and the way we manage your money. If you want us to visit your workplace with our investment we are ready. We will also be happy to conduct worksite seminars for your employees for better financial planning and can arrange actuarial services, outsourced should you need to manage your retirement benefit liabilities better.

What is the IndiaFirst Group Credit Life Plan?

We all wish to fulfill our dreams for ourselves and our family. When we take loans from banks and financial institutions to fulfill these dreams, we need to protect ourselves from the risks we expose ourselves and our families to.

We at IndiaFirst realise this inherent need to secure our risk of financial liability while fulfilling our dreams. Hence, we bring to you the IndiaFirst Group Credit Life Plan, which provides you with a risk cover that shields your family from the burden of your loan

IndiaFirst Group Credit Life Plan is a pure term plan offered to borrowers (of a common lender) against any loan. All loans such as home loan, car loan, education loan, personal loan etc. may be covered under the plan.

So while you work towards fulfilling your dreams, we will work towards protecting them…

What is the IndiaFirst Group Term Plan?

Our IndiaFirst Group Term Plan is a yearly renewable plan that helps you provide your members with a life cover, thus securing their families against uncertainties of life. It is a pure term plan offered to a group of individuals having a similar interest such as account holders, credit card holders, depositor/creditor groups, social sector groups, affinity groups, employer-employee groups etc.

The plan provides you 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 also have the flexibility to choose between three premium paying frequencies and adding new members during the plan year. You can also opt for the Employees Deposit Linked Insurance (EDLI) scheme under this plan.