Allianz Bajaj Launches Small Group Insurance Scheme

Mumbai, July 26 | Updated: Jul 28 2004, 04:51am hrs
Private life insurance major Allianz Bajaj Life Insurance Company has launched small group term life insurance scheme, a variant of group term life plan, providing a term cover of Rs 62,000 to Rs two lakh.

The plan, which offers protection to small employee groups in the range of 10-50 people, also offers accidental benefits along with basic cover, Allianz Bajaj said in a release here on Monday.

The objective of the plan is to cover risk of death, where life insurance benefits for all members of the scheme is provided by one policy document that is issued to the policyholder, it said.