GLICO Funeral Policy

The GLICO Funeral Policy is a whole life assurance plan which pays the sum assured upon the death of the life insured. The plan is designed to provide funds to meet funeral expenses and incidental costs after the death of a loved one.

Benefits

The policy provides the following benefits:

• Natural and accidental death
• Total Permanent Disability
• One week and one-year memorial 
• Loyalty or Cashback 
• Premium Holiday

The Enhanced GLICO Education Endowment Policy (E-GEEP) is essentially a savings plan with insurance benefits designed for individuals to accumulate cash for use in financing a child's and/or Policyholder's education. 

The E-GEEP primarily provides Child Education Protection Assurance cover which ensures premium payment continuity until policy maturity in the event of death or total permanent disablement of the Policyholder.

The Policy also covers death and total permanent disability benefit for the premium-paying guardian or parent. The E-GEEP does not lapse and the Policyholder also enjoys Premium Holiday

The Policyholder can make a Partial Withdrawal on the accumulated savings amount annually. The policy term is a minimum duration of 8 years and a maximum of 25 years. 

The Enhanced Life Saving Plan helps you reach your financial goals with a guaranteed lump sum at maturity, while protecting you and your family.

Key Features

• Entry age: 18–55 years
• Policy term: 10–20 years
• Covers Policyholder only
• Premium holiday: 1 month premium waiver per year (Available after 24 months of consistent premium payment)

Benefits

• Death Benefit: 50% of guaranteed lump sum paid to named beneficiaries
• Disability Benefit: 100% of guaranteed lump sum paid to the policyholder
• Family Upkeep: 5% of death benefit paid to the named beneficiaries upon the death of the policyholder for living expenses
• Maturity Benefit: 100% of guaranteed lump sum
• Policy Loan: Access a loan up to the amount you have saved

Protect your dreams, preserve your legacy. Choose the Enhanced Life Saving Plan today.

GLICO Family Life Comprehensive

The Family Life Comprehensive Insurance Plan is a unique Policy that provides a guaranteed minimum lump sum for Policyholders and their families in case of death, permanent disability, and critical illness. The Policy ensures a lump sum amount is made available to beneficiaries upon the death of the Policyholder or spouse and also a relevant lump sum for family sustenance should the Policyholder pass away.

This Policy covers the Policyholder and two spouses. 

Below are the benefits of the insurance Plan:

• Premium refund
• Death
• Total Permanent Disability
• Critical Illness
• Family Upkeep
• Free Medical Check-Up & Lifestyle Medical Consultancy
• Premium Holiday
• No Lapse