Group Term Insurance

(1 customer review)

Competitive rate of Premium.
Members aged between 21 years to 64 years are eligible to join the Scheme.
Spouse aged between 18 years to 64 years may join the scheme.
Life Insurance Coverage of Rs. 10 Lacs for member of ICAI.
Life Insurance Coverage of Rs. 5 Lacs for spouse.

Description

If you are a Chartered Accountant or a CA family member in India this offer is for you

Salient Features
  • Competitive rate of Premium.
  • Annual premium payment for getting the Life Insurance coverage.
  • Rate of premium is varying to the mentioned age group.
  • Members aged between 21 years to 64 years are eligible to join the Scheme.
  • Spouse aged between 18 years to 64 years may join the scheme.
  • Applicant should be healthy and disease free while joining the scheme. No Health or Medical Underwriting is required at joining of the scheme.
  • Life Insurance Coverage of Rs. 10 Lacs for member of ICAI.
  • Life Insurance Coverage of Rs. 5 Lacs for spouse.
  • Settlement of claims through ICAI.
  • The Insurance Coverage will start from the issuance of Master Policy from LIC.
S. No. Particulars Terms
1. Age at entry 21-64 (For Members) & 18-64 years (For Spouse)
2. Validity period of Life Cover One year
3. Sum Assured Rs. 10,00,000/- For the Members of ICAI
Rs 5,00,000/- for the Spouse of the Members of ICAI
4. Mode of Premium Online Premium payable
5. Annual premium to be paid in case of Members for the sum assured of Rs. 10 lacs
Age [Completed Years] Total Amount Rs.
21-30 Rs.520/- plus GST as applicable
31-35 Rs.630/- plus GST as applicable
36-40 Rs.830/- plus GST as applicable
41-45 Rs.1,100/- plus GST as applicable
46-50 Rs.1750/- plus GST as applicable
51-55 Rs.3,200/- plus GST as applicable
56-60 Rs.4,700/- plus GST as applicable
61-64 Rs.5,500/- plus GST as applicable
6. Annual premium to be paid in case of spouse for the sum assured of Rs. 5 lacs
Age [Completed Years] Total Amount Rs.
18-30 Rs.260/- plus GST as applicable
31-35 Rs.315/- plus GST as applicable
36-40 Rs.415/- plus GST as applicable
41-45 Rs.550/- plus GST as applicable
46-50 Rs.875/- plus GST as applicable
51-55 Rs.1600/- plus GST as applicable
56-60 Rs.2350/- plus GST as applicable
61-64 Rs.2750/- plus GST as applicable

 

Offer detail source : https://www.icai.org/

This Offer is provided under CMP Benefits of ICAI

How to Avail

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1 review for Group Term Insurance

  1. Jigar Shah

    This is a very useful. I paid 920 Rs. for myself and my wife. I got cover of 10 Lacs and my wife’s cover is of 5 Lacs. All CAs should take benefit of this policy. Also the process of obtaining the policy is very smooth. Otherwise, we have to get all tests done and fill up so many forms for getting a term insurance. Over here because we are CAs we just have to make the payment and we get the policy.

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