Group Term 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 Religare Group Term Plan provides the members of your group with a life insurance plan so that their families’ needs are looked after.
How do you apply for AEGON Religare Group Term Plan?
Step 1: Decide on the number of people in your group (minimum 50 members)
Step 2: Choose the amount of protection your group members need
Step 3: Derive at the Sum Assured for every member on the basis of:
a) Multiple of salary
b) Flat / Fixed Cover for all members
c) Grade wise cover
Benefits
Death - In case of any member’s unfortunate demise, you will be paid the Sum Assured for the nominee.
Eligibility
| Premium |
Minimum - Depends upon the group Size & Sum Assured opted
Maximum - No limit |
| Sum Assured |
Minimum - Rs. 5,000 per member
Maximum - Rs. 2,00,000 per member |
| Entry Age |
Minimum - 18 years
Maximum - 59 years
|
| Maturity Age |
Maximum - 60 years |
| Size of the Group |
Minimum - 50 members
Maximum - No limit |
| Premium Pay Term |
Equal to the policy term |
| Policy Term |
1 year (yearly renewable) |
| Premium Payment Frequency |
Single,Half- yearly,
Quarterly, Monthly (via ECS only) |
