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Non-Linked, Non-Participating, Group Micro Life Insurance Plan (UIN: 110N165V02)
This plan is available to both employer-employee and non-employer-employee groups, providing peace of mind to individuals and their families. In the unfortunate event of an insured member’s death, the plan pays out a benefit equal to the member’s sum assured at the time of death.
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Provides comprehensive cover against Death, Illness or Disability.
Flexibility to choose benefit options that covers Cancer, Critical Illness, Terminal Illness, Total Permanent Disability and Accidental Death Benefit.
Choose between level coverage, where sum assured remains unchanged, and reducing coverage, where the sum assured is linked to loan amount.
Choice between Single Life and Joint Life coverage to add your family members under the same plan.
Get policy cover from 1 month to 40 years.
Pay your premium conveniently in Yearly Renewable, Single Pay and Limited/Regular Pay mode of payment.
Among the highest retail sum assured~
Assets Under Management (AUM)$
Families protected so far*
Presence across major cities in India
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What is a group insurance plan?
A group insurance plan is a type of insurance policy that provides coverage to a group of individuals who share a common affiliation with one another. The affiliation can be in form of employees of a company, members of an organization or members of a professional association. The benefit of a group insurance plan is that it offers insurance coverage to a larger number of individuals at an affordable rate.
In case of a group insurance plan, usually the employer or the organization purchases the insurance coverage on behalf of the group members. The insurance coverage typically includes different insurance plans such as life insurance, health insurance and disability insurance.
How can I purchase Tata AIA Group Micro Raksha Supreme for my employees?
To purchase this plan, you can reach out to Tata AIA Life Insurance group insurance team with details such as the number of group members to be covered, their ages, and any specific coverage requirements you may have. We will work with you to customize the coverage options based on your organization's needs and guide you through the available options and help you choose the appropriate coverage levels, including the types of coverage and the sum assured for each employee.
Can individuals purchase group insurance plans?
Group insurance plans are designed for certain groups with affinity relations, such as employers and their employees or other specific affinity groups. These plans are not available for individual purchase. However, individuals can explore and purchase retail insurance plans directly from Tata AIA Life Insurance that are designed for personal coverage needs.
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