Protect your employees and secure the future of their families with our Group Term Plan. Your employees can make the most of the low rates while you can enjoy a tax benefit with this yearly renewable life insurance plan.
Reasons to buy IndiaFirst Group Term Plan
Life cover benefit available for your group at affordable rates
Members can opt for voluntary or automatic schemes
The sum assured is paid to the nominee through you, the master policyholder
Amplify your cover with the Employee Deposit Linked Insurance (EDLI)
Flexibility to choose between three premium paying frequencies, namely - monthly, six-monthly, and yearly
Minimum group size is 50
Liberty to add new members during the plan year
There is no maturity or survival benefit
Avail tax benefits under Section 80 C and Section 10 (10D) as per prevailing Income Tax Laws.
What are the eligibility criteria?
Minimum age at entry is 14 years and maximum age at entry is 85 years for Non Employer Employee group
Minimum age at entry is 18 years and maximum age at entry is 85 years for Employer Employee group
Maximum age at maturity is 86 years
Minimum size of the group in lieu of EDLI to be as per EPFO requirement