Group Life Shield

• Minimum Age at Entry - Minimum 18 Years (Last Birthday)
• Maximum Age at Entry - 64 Years (Last Birthday)
• Maximum Cover Ceasing Age - 65 Years
• Structure of Sum assurance benefit - Level sum assuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured.
• Policy Term - Minimum: one year; Maximum: Equal to the period of the loan
• Waiting Period - varying from 30 to 90 days shall apply from the date of commencement of the insurance cover for non-accidental death. In the event of death due to non-accidental reasons during the waiting period, 70% of the premiumA regular payment made to the insurance company to keep the policy in force. received (excluding service tax) with respect to the assured life will be refunded PremiumA regular payment made to the insurance company to keep the policy in force.
• PremiumA regular payment made to the insurance company to keep the policy in force. Payment options - Single PremiumA regular payment made to the insurance company to keep the policy in force.
• Nature of Scheme - voluntary

*For better understanding of this product and its benefit, download the product brochure given below*