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Understand What Are Group Plans

Group plans cover a group of people under a single insurance plan. The people covered under the single insurance policy are known as ‘group’. Group life insurance Read More

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Understand What Are Group Plans


Group plans cover a group of people under a single insurance plan. The people covered under the single insurance policy are known as ‘group’. Group life insurance can be taken by organizations to cover their employees.

Group Insurance Benefits of Group Insurance Plans

Benefits of Group Insurance Plans

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Provides an Advantage

Group plan provides you with benefits such as security, tax benefits³ on the premium amount paid for the group plan. Group plans can also act as a motivation to attract new employees and retain current employees.

Benefits of Group Insurance Plans

addition-return

Provides an Advantage

Group plan provides you with benefits such as security, tax benefits³ on the premium amount paid for the group plan. Group plans can also act as a motivation to attract new employees and retain current employees.

Type of Group Plans

Group plans are of different types –

  • Some provide death benefit or terminal illness cover
  • Some can act as a retirement plan for your employees while some cover loans and debts.

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Grow your future income, step by step!

Protect your future with a personalized plan that provides steady, guaranteed¹ returns

  • Guaranteed¹ regular income and / or guaranteed¹ lumpsum on maturity

  • Financial protection to your family in case of your untimely death

  • Flexibility to customize your plan with various Policy Term, Premium Payment Term options

  • Availability of 5 Riders⁹ to enhance your protection

Protect Your Family's Financial Future for Life and Beyond!

Financial protection for your family with total coverage under one plan.

  • Term life cover with the option of staying protected until you’re 100 years old!

  • Limited pay OR regular pay premium payment options available.

  • Choice to get Better Half Benefit, Child's Future Protect Benefit, and Premium Break Benefit*³ under Life Cover Option.

  • Choose Special Exit Benefit if you want your premiums paid back^ upon discontinuing your policy.

  • 6% Discount on 1st year premium, if you complete medical examination within 7 days of purchase (login).

Savings & Flexibility for your Future Financial Goals!

A flexible savings plan with three income options to cater to the growing future financial needs of you and your family!

  • Flexible Income + Life Cover + Tax Benefits³ in one plan

  • Pick from 3-Plan Options - Flexi-Income Option, Flexi-Income PRO Option & Large Sum Option

  • Option to choose Income Start Year (ISY) as early as 2nd Policy Year

  • Increased savings with Cash Bonus⁵ and Reversionary Bonus⁷, if applicable

Key Highlights of Group Insurance

Group insurance is best suited for employers who wish to provide additional benefits to their employees.

  1.  Group insurance plan ensures that your employees’ retirement benefits are well-managed and secured.
  2. It also secures your employee's outstanding loans and provides a life cover.

GCAP Reasons Why You’re Bound To Love Us Back

Reasons Why You’re Bound To Love Us Back

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0 - Provided the premium paying term is more than or equal to 10 years.
3 - As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
- For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.

ARN No: WP/1463/Feb/2021 

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