Group Protection Plans
Doing it the right way. Creating a world of difference!
Protect your employees/ group members as well as their families by investing in a comprehensive protection cover by IndiaFirst Life Insurance.
Here are the products that shield your employees and their loved ones.
Why Choose Group Protection Plans offered by IndiaFirst?
-
Extend the benefits
In case of the untimely death of an employee/member, the family of the insured would get a lumpsum benefit
-
Safeguard your interests
The plan protects a credit institution against default in case of death of the insured employee/member
-
Tax Benefit
Get tax benefits on the premiums you pay and benefits you receive as per prevailing income tax laws
Some factors to consider
- Insurance for all
- Research insurance company’s track record
Insurance for all
Group insurance provides all your members with a life cover, thus ensuring basic financial security for them.
Research insurance company’s track record
Before investing in a group product, it is important to check and compare the benefits of the policy and company’s performance with those in the market.
FAQs
- What are the types of groups covered under this scheme?
Group protection plans are available for both employer-employee as well as affinity groups. An affinity group can be an association that is represented by a professional organisation, government agency, co-operative society etc. However, groups must not be formed for the sole purpose of insurance.
- What is the minimum age of entry?
The minimum age of entry for the employee is 14 years.
