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Group term Assurance (Samuhik Myadi Jeevan Beema)

July 20, 2018
Group term Assurance (Samuhik Myadi Jeevan Beema)

The Group Term Assurance is focused to the Group in an organization with minimum of 25 members. However the Policy can be issued for the group below 25 but not less than 10 by paying some additional premium.

The Policy is for 1 year Term, however the Policy can be renewed later on.

Some of the main features of the Policy are,

Features
Minimum Age At Entry : 16 Years
Maximum Age at Entry : 64 years
Minimum Policy Term : 1 year
Maximum Policy Term : 1 year
Maximum Age at Maturity : 65 years
Payment Mode Yearly

Death Benefit

On Death of life Assured during the policy : Full Sum Assured is Paid.

On Survival to Maturity Date : Nil

First Policy Issue Date: 15-11-2019