GROUP TERM PLAN
Most of the people at your work place have a family that financially depends on them. Hence each one needs life insurance.
WHY THIS PLAN?
There is a well known saying ‘People make the place’. No matter which industry you are in, the value that individuals bring to an organization cannot be underestimated. Most of the people at your work place have a family that financially depends on them. Hence, each one needs life insurance. Providing basic financial security for these employees would not go unnoticed.
Aegon Life Group Term Plan provides the members of your group with a life insurance plan so that their families’ needs are looked after.
In case of any member’s unfortunate demise, Sum Assured to the nominee will be paid.
Sum Assured for every member can be on the basis of: 1) As a multiple of the member’s gross salary 2) As a flat / fixed cover for
Members can be included or excluded on a monthly basis.
Minimum - 18 years
Maximum - 59 years
Minimum - Rs 5,000 per member
Maximum - Rs 2,00,000 per member
1 year (yearly renewable)
Equal to the Policy Term
Minimum: 50 members
Maximum: No Limits
Yearly, Half-Yearly, Quaterly, Monthly (via ECS only)
Minimum: Depands upon the group size & Sum Assured opted
Maximum: No limits
Aegon Life Group Term Plan UIN 138N009V02
- There is no maturity benefit under this plan.
- The sum assured is paid to the nominee/ appointee/ legal heir through you, the Master Policyholder.
- Tax laws are subject to change from time to time.