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To Buy: 1800-258-5899 (9:30 AM to 6:30 PM)
For Existing Policy: 1800-103-0003/ 1800-180-0003/ 1800-891-0003
customerservice@canarahsbclife.in
UIN: 136N070V01
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.
PRODUCT PARAMETERS
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)
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.
Advantages
For Your Organization
For Your Members
Upon death of the Insured Member, Death Sum Assured is payable and there will be no further insurance coverage in respect of this Insured Member.
Under 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.
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.
The Sum Assured with respect to an Insured Member may be increased or decreased during the term of the Master Policy.
You 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.
18 years
Death Benefit: 80 Years
Terminal Illness Benefit: 80 Years
Critical Illness Benefit: 69 Years
Death Benefit: 80 Years
Death Benefit: 81 Years
Terminal Illness Benefit: 81 Years
Critical Illness Benefit: 70 Years
1 Year
Death Benefit: 5000 per member
Terminal Illness Benefit: 5000 per member
Critical Illness Benefit: 1000 per member
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 50,00,000 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
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.
Yearly, Half-Yearly, Quarterly & Monthly modes are available
10 members*
No 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.