Group Life Insurance

Group Life Assurance schemes provide insurance cover for the death-in-service of employees or groups of people, ensuring financial protection for their dependents or beneficiaries.
Options Available Under the Product:

Funeral Benefit
Provides a specified lump sum to cover funeral expenses for the employee and can be extended to cover their spouse and children.

Disability Benefit
This benefit pays out a sum equivalent to the assured amount in the event of total and permanent disability of the insured individual, providing financial support during challenging times.

Critical Illness Benefit
A lump sum is payable upon diagnosis of specified critical illnesses such as cancer, stroke, heart attack, or coronary artery bypass graft. This benefit helps cover medical expenses and other financial needs arising from serious illness.

Premium Payment Options
Premiums are paid annually in advance.