Which discounts are available under the Group scheme for the Personal Accident Policy?

There are chiefly two types of Group Schemes, first called Group A where an employer-employee relationship exists as in corporate firms, companies, etc. The second known as Group B is where an employer-employee relationship does NOT exist as in a club, association, club or any social institution.

Group discounts are applicable for groups of people not exceeding 500. The larger the group, the higher are the discounts given by the insurance company.

101-300 people 15 percent of the total premium
301-500 people 25 percent of the total premium
501-1000 people 30 percent of the total premium
1001-5000 people 35 percent of the total premium
5001-50000 people 40 percent of the total premium
> 50000 people 50 percent of the total premium


The benefits mentioned within the Group scheme are all those mentioned in the Personal Accident Policy except the Cumulative Bonus and the Education Fund.

Avdhoot Investment