Hello sir I am here as I want to know about Group Insurance Policy of Insurance Regulatory and Development Authority so will you please tell me about this to me??

Hey!! A Group Insurance Policy of Insurance Regulatory and Development Authority give you advantages of standardised coverage and very competitive premium rates.

You can avail of group insurance policies that a group you belong to takes.


Things to be careful about when you participate in a group policy:

-Only one master policy will be issued to the Manager of the group and will be in the name of the group (eg: the association)

-You are entitled to get a certificate of insurance if you participate in a non employer-employee group policy for your records.

-This certificate should contain

The schedule of benefits

Premium charged and

Terms and conditions of the cover

-Your cover could cease if you leave the group

-When you leave the group the insurer should offer you continued coverage under an individual policy

-The Manager of the group should disclose the premium rate and terms of the policy including the premium discounts offered to the group and should pass on the discounts to all members

-The manager of the group has to disclose any administrative or other charges he is collecting from members over and above the premium charged by the insurance company


Group Insurance Policy of Insurance Regulatory and Development Authority








List of Life Products of IRDA are:

Birla Sun Life Insurance Co. Ltd
HDFC Standard Life Insurance Co. Ltd
ICICI Prudential Life Insurance Co. Ltd
Max Life Insurance Company Limited
SBI Life Insurance Co. Ltd.
DHFL Pramerica Life Insurance Co. Ltd.
Kotak Mahindra Old Mutual Life Insurance Limited
Star Union Dai-ichi Life Insurance Company Ltd.
Tata AIA Life Insurance Company Limited
Reliance Life Insurance Company Limited
Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.
AEGON Religare Life Insurance Company Limited
Shriram Life Insurance Co. Ltd.
Bajaj Allianz Life Insurance Co. Ltd.
Exide Life Insurance Co. Ltd
Bharti AXA Life Insurance Co. Ltd.
Aviva Life Insurance Co. India Ltd.
Edelweiss Tokio Life Insurance Company Limited
PNB MetLife India Insurance Co. Ltd.
Life Insurance Corporation of India
India First Life Insurance Company Ltd.
Future Generali India Life Insurance Co. Ltd.
Sahara India Life Insurance Co. Ltd.
IDBI Federal Life Insurance Company Ltd.