Bharti Life
Group Term Insurance Plan
(UIN: 130N097V02)(ADVT No. II-Sep-2024-5523)
A Non-Linked Non-Participating One Year Renewable Group Term Life Insurance Plan
#Affordable#HassleFree#TaxBenefits
Why Choose Bharti Life Group Term Insurance Plan?
A comprehensive group term insurance plan, which ensures your members/customers can stay peacefully without any worry about life’s eventualities. The plan provides the flexibility of two death benefit payout options to ensure adequate financial support.
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Low-Cost Insurance Coverage
The plan provides insurance cover at low cost to a large group.
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Death Benefit Payout Option
You have the flexibility to choose Death Benefit Payout option as Lumpsum or Lumpsum plus Monthly Income. The option is available if the Master Policyholder has enabled the death benefit payout option for individual members at inception of the policy.
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Flexible Premium Payment Mode
Option of paying premium in single, semi - annual, quarterly or monthly modes.
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Tax Benefits
You can enjoy Tax benefits on the Premiums paid and pay-out benefits received. The Tax benefits fall under Income Tax Act, 1961. They are subject to change as per changes in tax laws from time to time.
Key Benefits
Low-cost Insurance
Hassle Free Insurance Coverage
Retention Tool
Flexible Premium Payment Modes
Tax Benefits**
How does the Plan Work?
Make Your Plan with Ease
Pick a Plan Option
Choose one of the options, as per your financial goals.
Single Life
Joint Life
Single Life
Joint Life
Insurance Jargon Explained
Group Insurance
Insurance covering a number of people under a single policy, issued to their employer with whom they are working.
Premium
Premium is defined as the amount paid by the policyholder to secure the benefits under the policy. It is the amount that the insured person pays to his/her insurer. And the frequency of paying the premium differs as well. It can be paid in five different ways. It can either be paid monthly, quarterly, semiannually, annually or you can pay it all at once, in a single payment.
Sum Assured
Sum assured is the amount that an insurer agrees to pay on the occurrence of a stated contingency (eg: Death).