Complete range of
Group Insurance Products.
Offering solutions for life cover and Gratuity, Leave Encashment, SuperannuationMEET A RELATIONSHIP MANAGER
Group Insurance products allow employers, financial institution and affinity groups to offer the best to the employees, creditors, customers or other individuals who can be identified as group members. The benefits can be as follows:
Employee Benefit Solutions: Innovative and comprehensive suite of employee benefit solutions, which can be tailored to suit your needs whether it’s a small business, a medium sized company or a multinational corporation.
Other Group Insurance Solutions: From life cover to members of your group to securing your borrowers’ loan, we provide range of solution for every need
Group Insurance plans offers insurance coverage to a group of individuals. These groups can be employer-employee groups or non employer-employee (affinity) groups such as holders of the same credit card, account holders of a bank or members of an association.
Under group insurance, members of the group can get coverage for life, gratuity, superannuation, leave encashment and loan protection etc.
A group of individuals be it employer-employee group or non-employer-employee group can purchase a group insurance policy (Master Policy), as per their need to attain the required objective.
The group should not be formed for the sole reason of purchasing a group insurance plan. This group should have a different reason of existence. The policy will be centrally administered by a Master policyholder on behalf of the members of the group.
At Future Generali India Life Insurance Company Limited, our mission is to actively protect and enhance peoples’ lives. With operations spread across country, professional expertise and a complete range of simplified solutions for the financial security of customers and enterprises, we aim to become the first choice by delivering relevant and accessible insurance solutions.
We offer a range of group insurance solutions, ideal for corporates, institutions and groups.
Group insurance plans can be broadly classified as:
Group insurance plans are typically purchased by employers for their employees. Financial institutions like NBFCs and banks can also offer group insurance plans for their loan borrowers. Group policies can also be bought by non employer-employee groups which are defined by IRDAI's guidelines.
The minimum age of entry for a member of a group insurance policy is usually 18 years. However, it is recommended to check the same for individual policy as the minimum age may differ accordingly.