Tata AIG Life Group Term Life in Lieu of EDLI provides coverage in the event of death to all eligible employees of the companies covered by the Employee Provident Funds and Miscellaneous Provisions Act, 1952 and are contributing to Employee Deposit- Linked Insurance Scheme (EDLI), 1976.

• The employer would be entitled for an exemption under EDLI scheme 1976 if they opt for the plan.
• Minimum entry age for the plan is 18 years and maximum entry age extendable beyond retirement for this plan
• The plan offers a Flat lumpsum which would be higher than the benefit provided under EDLI scheme 1976 by EPFO and further amendment notification dated 18th June 2010 of Ministry of Labour and employment.
• No medicals required under this plan
• Employer can claim the deduction of Premium paid for this plan as allowable business expenditure
• Premium paid under this plan are eligible for tax benefit as per Income Tax Act, 1961 and are subject to modification made thereto from time to time*
• 1st year suicide exclusion waived under this plan.

For more details & terms and conditions please refer to the sales brochure.

For any Corporate Solutions query please write to
csindia@tata-aig.com
OR
Corporate Solutions Service Desk
Tata AIG Life Insurance Co Ltd.
Corporate Solutions Division
Unit - 302, Building No 4,
Infinity IT Park, Film city road, Dindoshi,
Malad - East, Mumbai - 400097.