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?
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Extend the benefits
In case of the untimely death of an employee/member, the family of the insured would get a lumpsum benefit
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Safeguard your interests
The plan protects a credit institution against default in case of death of the insured employee/member
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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.
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