Advantage Group Microsurance®
IDBI Federal Group Microsurance® Plan offers lots of benefits like, life insurance protection at a affordable cost, wide coverage, hassle-free insurance and options to avail accidental benefits.
Key Features
A. Affordable Protection:
- Life insurance cover to group members at affordable cost
Wider Coverage:
- Members aged between 18 and 60 years can be covered
- Sum insured between Rs 5,000 and Rs 50,000 per member can be availed
C. Hassle-free Issuance:
- No medical reports required even up to the maximum sum insured of Rs 50,000
- Automatic acceptance of cover, without any evidence of health for groups with more than 200 members
D. IDBI Federal Group Microsurance® Accidental Death Benefit Rider
- Opt for additional cover for accidental death, equal to the base benefit
In the event of unfortunate death of a group member during the term of the cover, we will pay the Sum Insured. The cover is for a term of up to 5 years, subject to the payment of premiums by the due date.