GROUP Insurance

One of the best ways to inculcate a feeling of belonging in a group is to show how much you care for them as an employer. Our Group Insurance Scheme, is meant to provide insurance protection to groups of people and their families. Group Insurance scheme is ideal to show that your organization cares not just the people associated with you, but also their family members and the loved ones. A Group Insurance the best and the most cost effective way to enjoy group benefits.

Fullerton India in association with leading Insurance companies offers Group Insurance products to the customers who avail loans from Fullerton India. The base premium paid by the customer will be dependent on the age of the customer, the insured amount and the term of the insurance policy. The premiums will be deducted from the loan upfront, subject to consent from the borrower. This product is being offered through ICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company and Kotak Life Insurance Company.

Group Insurance
Personal Loan Sampoorna Suraksha

A protective cover:

General Insurance covers Accidental Death, Permanent Total Disability, Critical Illness, Loss of Job (3 EMIs) for Salaried customers and Fire Insurance for Self Employed customers.

All customers will get cover for a period equivalent to loan tenor
Age at entry is
18- 65 years
Coverage Salaried
Self Employed
Insurance Company
Accidental Death ICICI Lombard General Insurance
Accidental Total Disability ICICI Lombard General Insurance
Critical Illness Death ICICI Lombard General Insurance
Diagnosis of Critical Illness ICICI Lombard General Insurance
Loss of Job ICICI Lombard General Insurance
Fire ICICI Lombard General Insurance

*Conditions apply.

Sampoorna Suraksha (Commercial Vehicles)

Sampoorna Suraksha as a Group Insurance offering is also available for those customers who avail of a Commercial Vehicle Loan from Fullerton India and voluntarily opt for the coverage.

The Sampoorna Suraksha coverage for Commercial Vehicles will be in following packs with Death benefit, Permanent total disability and Accident hospitalization benefit irrespective of the loan amount

All customers age between 18 – 60 years are covered

Cover is offered by ICICI Lombard General Insurance Company Ltd.

Benefits to the customers are as below:

Accidental Death Cover

The Death of the Insured Person is within a period of twelve months from the date of bodily injury, and such bodily injury is the sole and direct cause of the death of the Insured Person, then the Sum Assured will be paid.

Accident Hospitalization Cover

only if the disablement results in inability to remain gainfully employed. It covers bodily injury resulting solely and directly from accident, caused by external, violent and visible means. If such injury shall within twelve months of its occurrence be the sole and direct cause of the total and irrecoverable loss of sight of both eyes, or of the actual loss by physical separation of two entire hands or two entire feet, or one entire hand and one entire foot, or of such loss of sight of one eye and such loss of one entire hand or one entire foot.

Permanent Total Disability

This cover can be availed in case of hospitalization due to accident. Actual hospitalization expenses or maximum up to 10% of accidental benefit Sum Assured. It will be a reimbursement product.

Mortgage Insurance

Borrower of Home Loan and Loan against Property from Fullerton India can avail this insurance cover which is provided by ICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company.

All customers age between 18 – 65 years are covered.

Premium payment will be funded by Fullerton India and therefore will not result in any cash flow strain for the borrower.

*The above coverage details are indicative and subject to change..

**Insurance is the subject matter of solicitation.