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Product Information

Group Plans Max Life Group Super Life Premier

Synopsis:

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A flexible group plan that can be clubbed with available riders to enhance protection for your employees and their families.

Features:

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With low cost insurance you can improve employee retention
Low cost coverage
Swift claim settlement
Tax benefit

Benefits:

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Death Benefit

Surrender Benefit

Tax Benefit

Eligibility:

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Policy Term :	1 year
Minimum group size :	10 Members in case of Employer-Employee Groups and 50 Members in case of Non-Employer-Employee Groups
Maximum group size :	No limit
Event covered :	Death (natural or accidental)
Minimum sum assured :	Rs.1,00,000 for a scheme. Rs.5,000 for a member
Maximum sum assured :	No limit, but subject to underwriting
Minimum premium :	Rs. 5,000 per annum per scheme excluding extra mortality, rider premium, and taxes, cesses & levies as imposed by the Government.
Maximum premium :	Subject to board approved underwriting policy
Minimum Entry Age :	18 years
Maximum Entry Age :	74 years (age last birthday) for employer-employee groups; 64 years (age last birthday) for non-employer-employee groups
Maximum Maturity Age :	75 years (age last birthday) for employer-employee groups; 65 years (age last birthday) for non-employer-employee groups. Maturity age/Cover ceasing age will be determined as on Policy anniversary following or coinciding age 75/65 years, as the case may be.

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