This is yet one more insurance policy from reliance insurance that has been planned to offer security to the assets and families of the insured from all types’ perils such as accidents, illness or in the event of an unfortunate death.
This one is a group insurance policy which means that there would be a master policy holder, which is mostly the employer of an office. Under this policy the employer of a venture can secure the future of its employees by offering them excellent insurance cover.
In this policy the premium payment mode is yearly and if the payment has not been made during the agreed time period then the policy would not stay in force. The customer can return the policy to the company within 15 days of the receipt of cancellation. The insured must also mention the reason for returning the policy. The premium that has been paid by the policy holder would be refunded after making a presumption of certain amount.
Under this policy the insurance cover can be known to the employees at a very reasonable cost and that is mainly due to the power of group selling. Another most attractive feature of this policy is that there is no need to make any expense for medical underwriting up to a certain limit. This limit is known as the Free Cover Limit and this is based mainly on the characteristics of every group.
This limit is recognized by the insurance company on which there would not be any fee for medical underwriting. This policy as well offers insurance cover on the health of the employees within a group. This is one such policy that offers life insurance cover to the employees of at least 3 to 5 times of their yearly salary or wages.
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Tags: Insurance Company, insurance plan, Life Insurance, Reliance Insurance