Exit Pop Up

Introducing BSE 500 Enhanced Value 50 Fund with Promise4Wealth

50 High-Potential Companies, One Smart Decision

Name is required Name should be Valid
Mobile Number is required Mobile Number should be Valid
DOB is required DOB should be Valid
Annual Income is required
Please tick to proceed further.

Thank you for your interest in our product. Our financial expert will connect with you shortly to help you choose the best plan.

Group Term Insurance Plan

Group Term Edge Plan

Secure Their Future, Secure Your Company

  • Hassle-Free Enrollment Process
  • Financial Cover at Affordable Cost
  • Flexible-Premium payment modes
  • Tax Benefits Available

Secure Their Future, Secure Your Company

  • Hassle-Free Enrollment Process
  • Financial Cover at Affordable Cost
  • Flexible-Premium payment modes
  • Tax Benefits Available

Meet our Advisor

Meet our Advisor

Please enter valid Name Please enter the Name
Please enter valid email id Please enter email
Please enter valid mobile number Please enter mobile number
Please enter valid pin code Plesae enter pin code
Consent is required

Enter OTP

An OTP has been sent to your mobile number

Didn’t receive OTP?

Application Status

Name

Date of Birth

Plan Name

Status

Unclaimed Amount of the Policyholder as on

Name of the policy holder

Policy No.

Address of the Policyholder as per records

Unclaimed Amount

Request Registered

Thank You for submitting the response, will get back with you.

.  Please use this ID for all future communications regarding this concern.

Request Registered

Thank You for submitting the response, will get back with you.

Thank you for your interest in our product. Our financial expert will connect with you shortly to help you choose the best plan.

About Group Term Edge Plan

UIN: 136N070V02

As an organization one of the most valuable assets that You have are Your employees, it is they who strive to make You a success. To safeguard their interests and help them focus on the challenges at hand it is imperative that You provide them protection against a range of different risks especially when there are people who are financially dependent upon them.

To meet this need, we bring to You, Canara HSBC Life Group Term Edge Plan, which is an annually renewable group term pure risk life insurance plan. Depending on the Coverage Option chosen by You, members can also be covered for contingent events of Terminal Illness and / or Critical Illness. This plan helps You secure Your employees' peace of mind.

Plan Options

Flexibility to choose one of the following Coverage Options:

Option 1 - Death Only
Option 2 - Death & Terminal Illness (TI)
Option 3 - Death, Terminal Illness (TI) & Critical Illness (CI)

Why Buy

Advantages

For Your Organization

  • Securing Your group members will help You attract & retain them.
  • Improving satisfaction level of Your members by offering them financial security at an affordable cost.
  • Flexible Premium payment modes - Yearly, Half-Yearly, Quarterly or Monthly
  • Tax Benefits as per the Income Tax Act, 1961 as amended from time to time may be available.
  • Rebate in case the total premium of the group exceeds Rs. 2 crores per scheme in a year
  • Risk cover in lieu of EDLI Scheme as per the provisions of the Employees Provident Fund and Miscellaneous Provisions Act, 1952

 

For Your Members

  • Financial security for Insured Member's loved ones
  • Option to add additional protection against Terminal Illness and Critical Illness
  • Get life protection at relatively affordable cost
  • Easy and simple joining process
  • No medical examination is required up to Free Cover Limit [subject to Board Approved Underwriting Policy ("BAUP")].
  • Flexibility to revise the Sum Assured as per any mutually agreed terms and conditions. For details, refer Add-on Features section of the Plan.
  • Premium paid by a member may be eligible tax benefits under Section 80C and Section 10(10D), as per the Income Tax Act, 1961, as amended from time to time.

Refer General Policy Provisions in Sales Brochure for further details

The benefits under the plan vary as per the plan option chosen.

 

Option 1- Death OnlyUpon death of the Insured Member, Death Sum Assured is payable and there will be no further insurance coverage in respect of this Insured Member.
Option 2- Death and Terminal IllnessUnder this Coverage Option, upon death or diagnosis of TI of the Insured Member, whichever is earlier, Death / TI Sum Assured is payable and there will be no further insurance coverage in respect of this Insured Member.
Option 3- Death, Terminal Illness (TI) & Critical Illness (CI)Under this Coverage Option, upon death or diagnosis of Terminal Illness of the Insured Member, whichever is earlier, Death / TI Sum Assured is payable and further insurance coverage in respect of this Insured Member will be limited to the CI Sum Assured up till the renewal date.

Add-on Feature in the Plan
 

Flexibility to change the Sum AssuredThe Sum Assured with respect to an Insured Member may be increased or decreased during the term of the Master Policy.
Option to backdate the Master PolicyYou have the option of backdating the Policy Commencement Date (PCD) (start date of the Master Policy) to a date prior than the Risk Commencement Date (RCD).Where PCD is backdated, pro-rata premium will be payable for the period starting from RCD up to the next renewal date or the next premium due date whichever is earlier and no claims will be admissible which occur prior to the RCD.


 

Entry Age (Age last birthday)

Minimum18 years
MaximumDeath Benefit: 80 Years
Terminal Illness Benefit: 80 Years
Critical Illness Benefit: 69 Years

Cover Ceasing Age

Death Benefit: 81 Years
Terminal Illness Benefit: 81 Years
Critical Illness Benefit: 70 Years

For Group Term Life requirements in lieu of EDLI, Maximum Entry Age will be as long as he/she is a member of Provident Fund scheme and Maximum Maturity Age will be the day on which he/she ceases to be a member of Provident Fund scheme.

1 Year

Minimum

Death Benefit: ₹ 10,000 per member
Terminal Illness Benefit: ₹ 10,000 per member
Critical Illness Benefit: ₹ 10,000 per member

Maximum

Death Benefit: No limit, subject to Board Approved Underwriting Policy of the Company

Terminal Illness Benefit:

No limit, subject to Board Approved Underwriting Policy of the Company
Critical Illness Benefit: CI Sum Assured is ₹ 1,00,00,000 per member, capped at Death / TI Sum Assured

For Group Term Life requirements in lieu of EDLI
Minimum: - 2,50,000 per member
Maximum: - 10,00,000 per member

                            Yearly, Half-Yearly, Quarterly & Monthly modes are available

Group Size

Minimum10 members*
MaximumNo Limit

*After Master Policy issuance if the group size falls below 10 members, Master Policy will continue until the renewal date, after which it will be terminated.