Group Term Assurance Policy

Group Term Assurance Policy


Provides for payment of sum insured in the event of death of the assured at any time during the enforcement policy term. If insured survives, nothing is payable. The premiums collected represent the premium for the death risk only.


FEATURES OF GROUP TERM ASSURANCE'S POLICIY:
1. Term: 1 year
2. Minimum S.A is 50,000/- 
3. Maximum S.A is 20,00,000/-
4. Entry age is 16 to 64 Year
5. Maximum maturity age: 65 years
6. The mode of payment is yearly
7. Minimum member in Group is 25
8. Riders are not applicable in this plan.


BENEFITS:
Policy Mature Benefit: Nil
Death Benefits: Within Term Period - Sum Assured only.