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Term Plan

Group Term Assurance Plan for Affinity Groups

Group Term Assurance Plan for Affinity Groups

  1. Eligibility Criteria
  1. Minimum Sum Assured: 10,000/-
  2. Maximum Sum Assured: 5,000,000/-
  3. Minimum Entry Age (Nearest Birthday): 18 years
  4. Maximum Entry Age (Nearest Birthday): 70 years
  5. Maximum Maturity Age: 71 years
  6. Minimum Policy Term: 1 Month
  7. Maximum Policy Term: 30 Month
  8. Minimum group size: 10
  1. Benefits/Special Features
  1. Death Benefit: Sum Assured pertaining to the member will be payable to nominee/beneficiary.
  2. Maturity Benefit: Not Applicable
  1. Rider Benefits (Optional)
  1. Accidental Death Benefit (ADB): Additional amount as opted in the policy, subject to maximum of 5,000,000.00
  2. Permanent Total Disability (PTD): Additional amount as opted in the policy, subject to maximum of 5,000,000.00
  3. PPD:  Additional amount as opted in the policy, subject to maximum of 5,000,000.00
  4. Funeral: up to 40% of members SA, subject to maximum of 50,000.00
  1. Premium Payment Mode/Structure
  1. Mode: Yearly