 "Life insurance")
Bajaj Allianz Life Insurance Company has recently launched a group term cover for the customers of the post office and India Post Payments Bank. This cover is available in two variants priced at Rs 2,584 and Rs 5,168 (inclusive of GST) for a sum assured of Rs 5 lakh and Rs 10 lakh, respectively.
How does it work?
Group term insurance is offered to an affinity group — employees of a company, customers of a bank, members of a club or an association, etc.
“One condition is that the group should not have been formed specifically for the purpose of
