In
the sea of companies that make up today's business world, it can be challenging
to be different. What can mark you different is the benefit plan you offer to
your customers. At Birla SunLife Insurance, we understand the importance of
value addition in various offering - including products, employee benefits and
commissions. One of the ways to add value is to provide life insurance to these
interested groups such as customers, employees, agents and dealers.
The low cost and minimum fuss method of providing life insurance cover to such
groups is through term insurance with single premium payment.
Benefits
Benefits to an Organization
The Program benefits an organization by permitting
it to offer valuable protection at a reasonable cost. By offering Birla Sun Life Insurance Premium Group Term Insurance Plan, an organization can
Provide financial security to the employees and
their families.
Attract and retain high caliber employees (for
employer - employee groups).
Provide value addition to customers for
competitive benefit
Get advantage of a tax exemption benefits on
business expense on any premium payments it makes.
Benefits to Employee / Customer
Get the benefit of no-cost, base level protection
with supplemental coverage.
Get tax benefit incase of contributions made
towards the premium.
The Plan
Who is the plan for?
It is designed for organizations which wish to provide life
insurance to employees/ customers at a low cost.
What are the exclusions from the cover?
General Exclusion - If the member dies within one
year from the commencement of the policy or from the date of reinstatement of
the policy, the cause of death being suicide, the company will not pay the face
amount mentioned above.
How does the policy work?
The organization would apply to Birla Sun Life for
a group insurance policy to cover its employees / customers.
The organization has the liberty to choose the cover for each member
The premium would be paid in a single payment.
How is the underwriting done ?
Prima facie medical examination would not be
insisted however, health data could be collected at the time of offer. In case
of any adverse details being found in the health data, medical tests may be
insisted upon.
Birla Sun Life reserves the right to refuse coverage in case of an individual
not found medically fit for insurance as per its underwriting guidelines.
Need more information ?
At Birla Sun Life Insurance, we place a strong
emphasis on long - term relationship. With a high score of loyalty towards a
client, backed by a strong team of client service support we are committed to
deliver what we promised.
Also for your convenience, all the necessary information and forms are
available on the web site www.birlasunlife.com.
For more details please Call Toll Free:1-800-22-7000 or 1-800-270-7000 or Call:
66917777
Insurance is the subject
matter of solicitation. Birla Sun Life Insurance. Registration no. 109
Birla Sun Life Insurance Company Limited, 6th Floor, Vaman Centre,
Makhwana Road, Off Andheri-Kurla Road,
Andheri (East), Mumbai 400059
