Group Insurance Plans
Secure employees' lives, manage gratuity and leave encashment
Choose from pure term, traditional savings and market-linked plans
Coverage for credit issued
Tax* benefits on premiums paid for the Group Plan
Tax benefits under prevailing income tax act,1961.Tax laws are subject to change. T&C apply. Dec 26/19.
Group Insurance Plans
Secure employees' lives, manage gratuity and leave encashment
Choose from pure term, traditional savings and market-linked plans
Coverage for credit issued
Tax* benefits on premiums paid for the Group Plan
Tax benefits under prevailing income tax act,1961.Tax laws are subject to change. T&C apply. Dec 26/19.
Group Insurance Plans
A perfect way to ensure the wellbeing of your second family - your workgroup!
Group Life Insurance is offered by companies and organizations to their employees and group members.
Your employees are one of the most important assets of your business. Group life insurance offers financial security to your employees and group members. The group insurance policy offers coverage to your employees based on their annual income. You can choose from scheduled assured sum for your firm and extend that friendly hand to your employees in their tough times.
Our Group Plans
Key Benefits
- Covers a wide variety of loans
- Option of single or limited pay variants
Unit linked plan to manage employee gratuity
Aviva Group Gratuity Advantage
Key Benefits
- Helps manage gratuity liability for corporate
- Option to choose from 7 funds as per requirement
- Actuarial and Administrative support if required
Secure the future of your employees
Aviva Group Life Protect
Key Benefits
- Option of flat or reducing cover
- Life coverage up to 30 years
Lumpsum/Monthly income for a secured future
Aviva Group Term Life
Key Benefits
- Available for employer employee and non-employer employee groups
- Option of lump sum or monthly income benefit
Secure your employees and protect their families
Aviva Corporate Life Plus
Key Benefits
- Low cost life cover for employees
- Additional cover for accidental death and permanent disability
- Coverage with minimal medical formalities
Offers Benefits under EDLI
Aviva Corporate Shield Plus
Key Benefits
- Life cover up to age 75 years
- Life cover with minimal formalities and without medical tests
Secure your employees with life cover up to Rs. 10 Lacs
Aviva Credit Assure
Key Benefits
- Life cover ranging from Rs.5,000 to Rs. 10,00,000
- Option for a member to cover the spouse
Coverage for your institution against loans
Aviva Credit Suraksha
Key Benefits
- Option of flat, graded or loan linked life cover
- Optional life cover for the spouse of a member
ULIP with flexibility to choose from 8 fund options
Aviva New Group Leave Encashment Plan
Key Benefits
- ULIP with flexibility to choose from 8 fund options
- The option to switch between various funds without any charges
A gratuity and leave encashment savings plan
Aviva New Traditional Employee Benefit Plan
Coverage for your institution against loans
Aviva Group Credit Life
Key Benefit
- Covers a wide variety of loans
- Option of single or limited pay variants
Unit linked plan to manage employee gratuity
Aviva Group Gratuity Advantage
Key Benefit
- Helps manage gratuity liability for corporate
- Option to choose from 7 funds as per requirement
- Actuarial and Administrative support if required
Secure the future of your employees
Aviva Group Life Protect
Key Benefit
- Option of flat or reducing cover
- Life coverage up to 30 years
Lumpsum/Monthly income for a secured future
Aviva Group Term Life
Key Benefit
- Available for employer employee and non-employer employee groups
- Option of lump sum or monthly income benefit
Secure your employees and protect their families
Aviva Corporate Life Plus
Key Benefit
- Low cost life cover for employees
- Additional cover for accidental death and permanent disability
- Coverage with minimal medical formalities
Offers Benefits under EDLI
Aviva Corporate Shield Plus
Key Benefit
- Life cover up to age 75 years
- Life cover with minimal formalities and without medical tests
Secure your employees with life cover up to Rs. 10 Lacs
Aviva Credit Assure
Key Benefit
- Life cover ranging from Rs.5,000 to Rs. 10,00,000
- Option for a member to cover the spouse
Coverage for your institution against loans
Aviva Credit Suraksha
Key Benefit
- Option of flat, graded or loan linked life cover
- Optional life cover for the spouse of a member
ULIP with flexibility to choose from 8 fund options
Aviva New Group Leave Encashment Plan
Key Benefit
- ULIP with flexibility to choose from 8 fund options
- The option to switch between various funds without any charges
A gratuity and leave encashment savings plan
Aviva New Traditional Employee Benefit Plan
Why Aviva Group Insurance Plans
You must only choose best for the ones who help make your business a successful one!
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Your claim comes first
Over last year we settled 96.06 % of all claims made(Individual Business,FY 2018-19)
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We are the Most Trusted
Awarded Best Brand 2019 & Most Trusted Brand 2018 & 2019
(TRA brand Trust Report, 2019 & Economic Times) -
Choice of millions
Insuring 33 million customers across 16 countries and over 2 million pan India
Straight from our customers
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"I would like to thank Aviva for their continued support and guidance in my policy related matters. I see my fund value increasing with every passing year and have been very happy with my experience."
Mr. Vishal Sudha
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"I am delighted by the efforts and customer centricity shown my Team Aviva. I visited India recently to seek guidance on my policy related matters and have no words to express the kind of time and energy they have spent on a single customer like me. Thank you Aviva, I wish you the best!"
Mr. Parvinder Singh
Straight from our customers
"I would like to thank Aviva for their continued support and guidance in my policy related matters. I see my fund value increasing with every passing year and have been very happy with my experience."
Mr. Vishal Sudha
"I am delighted by the efforts and customer centricity shown my Team Aviva. I visited India recently to seek guidance on my policy related matters and have no words to express the kind of time and energy they have spent on a single customer like me. Thank you Aviva, I wish you the best!"
Mr. Parvinder Singh
The why, what & how of Group Insurance
All your questions and doubts answered by our group of experts
Golden rules of Strong Business Partnerships
Insure your business risks and manage your employees and partners with Group Insurance Plans
Financial Planning in your 40’s
Whether you are salaried or self-employed, invest in plans that have it all covered
Are you Financially Fit?
Make sure your finances can endure different life stages with the right Insurance cover
Frequently Asked Questions
What is Group life insurance?What kinds of Group Policies are available?Who may be covered in a group policy?Is there any scheduled amount that the firm must select from when applying for coverage?What happens to my group insurance if I terminate or retire from my employment?
What is Group life insurance?
- Group Insurance policy is a single master policy that covers all employees or members of your firm. A group may consist of employees or colleagues from a similar field of work such as lawyers, doctors, as well as members of cooperative banks or credit societies.
A policy can be classified as:
Contributory Scheme: Where both the employer and employees pay a premium towards a group insurance policy.
Non-Contributory Scheme: Where the whole premium is paid by either the employer or nodal agency, which is a direct concerned office responsible for a consultation or execution of the government initiated projects.
- There are two types of group insurance products in the market. You can either choose from Term-Insurance based policies or Fund-Management based schemes.
What kinds of Group Policies are available?
- Based on your annual gross income and dependents, you can choose from basic, supplemental or dependent coverage.
- Coverage offers assured sum depending on your gross annual income, whereas supplemental group insurance offers 1-3 times your basic coverage. Dependent coverage lets you choose a certain assured sum on your spouse and child based on your marital status.
Who may be covered in a group policy?
An organization’s employees and members including partners, proprietors, and full-time employees can request insurance on either an immediate basis or after completing six months of service, whichever option your firm has selected. However, firms having less than 25 eligible employees need to provide evidence of insurability to get the benefits of group policy. Usually, the request for insurance coverage from individuals from your firm is accepted based on their answers to certain questions without further medical evidence.
Is there any scheduled amount that the firm must select from when applying for coverage?
Under a group life insurance policy, firms can select from scheduled coverage sum. However, the assured sum of coverage for employees is based on their annual income. For your firm’s coverage, you can choose the protection from 1-3 times annual salary based on the selected schedule of coverage. Coverage assured for your employees shouldn’t exceed your firm’s maximum scheduled amount. Proprietors and partners of your firm under a certain age can be covered in group policy irrespective of their earnings.
What happens to my group insurance if I terminate or retire from my employment?
This is one of the major questions employees have regarding the group insurance policy. Well, if you’re terminating your employment, you can continue your coverage if you wish. For that, you need to convert to an individual life policy. However, you need to either convert or port your policy within a specific time after termination to continue with your life insurance policy.
What is Group life insurance?
What kinds of Group Policies are available?
Who may be covered in a group policy?
Is there any scheduled amount that the firm must select from when applying for coverage?
What happens to my group insurance if I terminate or retire from my employment?
AN: Jan 4/20
