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(Meeting a child plan specialist is purely voluntary and insurer does not offer any cashback for the same)
A type of group insurance plan specifically designed for companies that offer Leave Encashment Benefit to their employees
As per scheme rules
1,000/- per annum
18 to 69 years
1% per annum
For employer who want to effectively manage their leave encashment liabilities can avail this group insurance plan
|Member’s Age at Entry 18 to 69 years||Minimum Contribution at Scheme Level 5 Lakhs||Minimum - Maximum Sum Assured 1,000/- (Per Member) Fixed||Member’s Maximum Age at Maturity 70 years|
|Policy Term (PT)One Year (Renewable)||Minimum Size of the Group10 Members|
|Mortality Charge||Mortality Charge will be deducted from the policy account.|
Future Generali Group Leave Encashment Plan (UIN: 133N044V02)
FREE LOOK CANCELLATION:
You have a period of 15 days (30 days if the policy is sold through Distance Marketing Mode) from the date of receipt of the Policy document to review the terms and conditions of this group insurance plan. If you are not satisfied with or disagree with any of the terms and conditions, you have the option to Cancel/withdraw and return the Policy along with a letter (dated and signed) stating your intention to cancel the Policy and reasons for the objections/Cancellation, within this period. Cancellation of Policy and refund of premium is allowed under this provision, whereby the amount payable on such cancellation will be equal to the total premium paid less a proportionate cost of insurance for the period of cover and expenses towards Policy stamp duty and medical examination, if any.
The fine print in a policy can come in the way of making an informed purchase. We’ve simplified the fine print into big print.
Read the terms and conditions carefully. Ensure that your current health, occupation or lifestyle habits do not exclude you from getting the policy benefits.
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