Tata AIG Life's Group Life Protector Plus is a simple insurance plan that offers you comprehensive life insurance cover with double insurance benefit in case of Accidental Death. Group Life Protector Plus is designed for members of Employer Employee Groups and members/customers of Groups such as Banks, Financial Institutions and other business concerns with moderate financial obligations to help them ensure financial support for their family.
The plan is offered through a group insurance policy issued to the organization (Group Policyholder). Customers/Members of the organization are enrolled on either voluntary or compulsory participation basis under the group insurance policy as individual insured members.
An organization with a minimum of 50 members can avail this group insurance policy. Under voluntary option, a minimum of 10% participation of customers / members is required at inception, whereas under compulsory option, membership is compulsory for all new customers / members of the group policyholder.
Unique Features and Benefits
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