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Group Term Insurance Plan | Features & Benefits

As an empathetic employer who regards your team as your most precious asset, you would certainly want to safeguard their wellbeing, at all times.

Invest in ICICI Prudential Life Insurance Group Term Insurance Plan-a one-year renewable life insurance that enables you to provide every member of your team with an affordable life cover.

Features & Benefits –

One master policy covers all the proposed employees in your group-which should comprise a minimum of 25 members. New members can join the group and current members can leave at any time during the policy term.

- Cover can be extended to all employees between 18 and 70 years of age.

- Cover is calculated consistently, or based on designation or rank, or as a multiple of salary, or against outstanding loan amount.

- Premiums you pay are treated as a business expense in the year of payment.

- Employees enjoy greater convenience with relaxed underwriting and medical requirements.

- ‘Free Cover Limits’ with basic underwriting depending on the number of employees in your group and the level of cover you choose.

- Employees are additionally covered with an Accident and Disability Benefit Rider and Critical Illness cover.

- Group members’ nominees receive the entire benefit should something happen to your member.

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