Bharti Life
Group Term Micro Insurance Plan
(UIN: 130N099V03)(ADVT No. II-Sep-2024-5524)
A Non-Linked Non-Participating Life Insurance Group Term Micro Insurance Plan
#Affordable#PayoutOption #TaxBenefits
Why Choose Bharti Life Group Term Micro Insurance Plan?
Buying a comprehensive group micro term insurance plan for your members/customers can foster an environment in which they can live with peace without worrying about life’s eventualities. It is a non-linked non-participating life insurance group term micro insurance plan. The plan offers two death benefit payout options that ensure optimum financial support along with flexibility. The product is designed to offer combination of lucrative features and flexibility to completely suit your organization and members’ requirements.
Low-cost Insurance Coverage
Now you can have insurance cover for a large group at low cost.
Death Benefit Payout Options
You have the flexibility to choose Death Benefit Payout option as Lumpsum or Lumpsum plus Monthly Income.
Flexible Premium Payment Modes
Multiple options of paying premium in single, annual, semi - annual, quarterly, or monthly modes.
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
Financial Security
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).
**Tax benefits are in accordance to current tax laws that are subject to change from time to time.