Group

Credit Life / Credit Shield Insurance is designed to provide a financial institution with protection against failure of its customers to pay their debts or credit card payments due to their untimely death or disability.

While this policy protects the financial institutions from suffering losses due to unrecoverable debts or having to resort to legal proceedings to recover money owed to them from the deceased’s family members, it also provides peace of mind to the borrower that in case of his/her death the burden of debt repayment shall not be passed over to his/her dependents.

In addition to the basic death cover we offer following optional benefits.

Permanent Total disability due to accident.
Accidental death and Permanent total disability as “Top-up Cover”.
Involuntary loss of employment.
Critical illness
In-hospitalization treatment in case of accident.

For more details on Group Life Insurance, please do not hesitate to e-mail Mr. Selvan Raman or call 04-2531567.

The Group Life and Personal Accident Insurance Scheme has been designed to cater to the needs of employers for the protection of their employees against death or disability. This form of protection is better than Workmen’s Compensation Insurance since this inter alia affords compensation in respect of employees against the risk of natural death as well as accidental causes. Moreover, the cover is on a 24 hour basis anywhere in the world.

Group life insurance policy is very flexible and is designed to cater for the changing needs of the employers. Addition of new employees and removal of staff who are no more in employment can be done during the term of the policy. Under this scheme an employer can provide maximum protection to his employees at the lowest possible cost.

The other optional benefits that can be covered in addition to Death benefit are:

Double Accidental Death Benefit
Permanent Total Disability due to accident
Permanent Total Disability due to sickness
Permanent Partial Disability due to accident
Permanent Partial Disability due to Sickness
Temporary Total Disability due to accident
Temporary Total Disability due to Sickness
Accidental Medical Expenses
Repatriation of mortal remains to home country

For more details on Group Life Insurance, please do not hesitate to e-mail Mr. Selvan Raman or call 04-2531567.