Group Life
Group life insurance provides cover to a group of people. Namely employees of a business organization, members of an association or any group under a single contract. Group Life Policy covers multi benefits on a worldwide & 24 hours basis. Life Insurance Policies are usually issued to Employers to cover their Employees/ Registered members under a wider policy than the statutory Workmen’s compensation Policy. Under the Group Life Insurance Policy, it is mandatory that all the employees are required to be covered. In order to cover members in a Group Life, there will be always a requirement of the minimum number of members at 10 employees.
We at UFIC offers the best cover in this risk with highly competitive rates and our risk is backed by A-rated securities.
Top Features
Tailor Made
Wide options to meet your needs.
Affordable
Risk Solutions
Professional
Risk Solutions
Team
Dedicated team to assess risk.
Benefits
Basis of Sum Insured:
• Multiples of Employees income
• Flat sum insured
• Different Category of Sum insured
- Death due to any cause
- Accidental Death Benefit (Double Indemnity)
- Permanent Total Disability due to Accident or Sickness (PTD- Acc. & Sick)
- Permanent Partial Disability due to Accident or Sickness (PPD-Acc. & Sick
- Temporary Total Disability due to Accident (TTD-Acc. & Sick)
- Medical Expenses Due to Accident (AME)
- Repatriation Expenses (RE
- Terminal Illness / Accelerated Living Benefit (TI)
- Critical Illness (CI) Accelerated or Additional Basis
