LIC Group Life Insurance

PolicyandFunds.com provides good services to choose best LIC Group Life Insurance Schemes in India.  Group life insurance is a kind of Life Insurance Plan gives benefit in a single policy covers an entire group of peoples. Here, the Group Policy is owned by the employer or an entity such as a labour organization, mainly under the Group Life Insurance Policy covers the employees or group of peoples in the concern. The policy gives financial security to the employees family members and nominee, complete protection to the life insurance policy holder for a specific period of time, with the Maturity Benefits. The employer is the eligible for Tax Benefits under Section 80(C). Group Life Insurance Policy is inbuilt Accidental Death and Disability Benefit Rider. We are one of the best LIC agent in Chennai, we can help to check the: Eligibility, Sum Assured, Policy Benefits, Gratuity, Pension, Reviews, Claim details & Group Life Insurance Premium Calculator, and to find the best Group Life Insurance Plans in India 2017.

LIC India Group Life Insurance

If You own a company, it is always a necessary task to keep the organisation’s important resource ie., the employees and their family secured. Many companies nowadays started providing security and safety not only for the employee but also for the family members. If a company provides a package for everyone in the house then the employee will find that the company is the best when company to other industries. Also, there is a chance of having a branding marketing for your company.

Group life insurance will ensure the safety and security of the family members. This type of policy will help the employee to manage his need in case of any unfortunate event of a group member expiry. As a company, if you buy bulk insurance it will cost less. Basically, the policy offered for only one year. Every year on the renewal date, insurer charges the premium amount depending on the age of members and group size.

Different LIC Group Schemes

LIC’s Group Credit Life Insurance
LIC’s Single Premium Group Insurance
LIC’s New Group Leave Encashment Plan
LIC’s New Group Superannuation Cash Accumulation Plan
LIC’s New One Year Renewable Group Term Assurance Plan I
LIC’s New One Year Renewable Group Term Assurance Plan II
LIC’s New Group Gratuity Cash Accumulation Plan
LIC’s Gratuity Plus NAV

Key Benefits & Highlights of LIC of India Group Life Insurance

“If You own a company, it is always a necessary task to keep the organisation’s important resource ie., the employees and their family secured. Many companies nowadays started providing security and safety not only for the employee but also for the family members. If a company provides a package for everyone in the house then the employee will find that the company is the best when company to other industries. Also, there is a chance of having a branding marketing for your company.”

Features of Group Life Insurance

  • Single plan to cover all members of the group
  • Yearly term plan renewal
  • Add and remove members in the plan
  • The easy and quick settlement process
  • Life insurance coverage for all the members in the group

Let us discuss the benefits of group insurance policy. The company person can enjoy the following benefits. They are At a normal cost we can offer welfare benefit for the employee and their families. Availability of low premium optional plans like accident benefit plan, disability benefit plan, critical illness plan etc. Choice of premium payment option. If the person is premium paid member then he will be having a tax benefit. Availability of extensive covers at a low rate.

Nowadays there are more companies that offer the group insurance policy. Each policy has its own benefits and features. It will be difficult to choose the best one for your need. We Policyandfunds.com consultant will explain to you about the plan that suits you and will make your task easy by picking you the right option. We are always there to help you in all your group life insurance policy needs.


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