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Great organisations are driven by happy employees. Business owners realise the importance of keeping their workforce motivated. That’s why ensuring competitive compensation and benefits is important. As a crucial component of employee benefits, group insurance can help you create a safety net for your employees and their families. Axis Max Life Group Super Life Premier (UIN - 104N088V03) is one such plan that helps you offer financial security to your employees. It is also a better alternative to the Employees' Deposit Linked Insurance Scheme.
As per government norms, it is mandatory for employers to subscribe to an EDLI (Employee Deposit Linked Insurance) plan for all employees who are covered under the Employees' Provident Fund. However, under the EDLI scheme, benefits do not exceed ₹3,60,000. Axis Max Life Group Super Life Premier can extend life coverage benefit up to ₹6,00,000, as this plan helps you offer better benefits to your employees.
- You can provide better financial protection to your employees’ families
- You can improve employee retention with low-cost insurance
- You can get tax benefits while meeting compliance
What does Axis Max Life Group Super Life Premier in lieu of EDLI Offer?
Better Coverage
Lower Cost
Administrative Ease
All You Need to Know about Super Life Premier Plan
- Plan Benefits
- Eligibility Criteria
- Downloads
Minimum entry age - 18 years age last birthday
Maximum entry age - 74 years age last birthday
Maximum maturity age - 75 years age last birthday
Maturity age/Cover ceasing age will be determined as on Policy anniversary following or coinciding age 75 years
Minimum Uniform Sum Assured - Rs. 6,01,000 per member
Maximum Sum Assured - Rs. 6,10,000 per member
Tenure - One year and renewable thereafter
Payor of premium - Employer
Minimum group size - 10 members
Maximum group size - No limit
Minimum Premium - Rs. 5,000 per annum per scheme
Premium mode - Annual, semi-annual, quarterly, and monthly
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Additional Benefits through Riders
Axis Max Life Group Accidental Death Benefit Premier Rider
Enhance protection against any unfortunate accident leading to the death of the member insured. This rider benefit is above the life cover under your base plan. (For further details, please refer to Axis Max Life Term Plus Rider, UIN - 104B024V03)
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Axis Max Life Group Accelerated Terminal Illness Rider
Get additional protection cover in case of any Terminal Illness leading to the death of the member insured within 6 months of being diagnosed with the illness. (For further details, please refer to Axis Max Life Group Accelerated Terminal Illness Rider, UIN – 104B028V03)
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Axis Max Life Group Critical Illness (Additional Benefit) Rider
Provide additional cover against any of the 12 specified critical illnesses to the member insured who is diagnosed for the first time (in a lifetime) with the illness. (For further details, please refer to Axis Max Life Group Critical Illness (Additional Benefit) Rider, UIN – 104B031V02)
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Wondering How Group Plans Offer Better Benefits than Other Forms of Insurance?
Why Choose Axis Max Life?
99.65% Death Claim Paid Ratio
304 Offices
₹1,779,409 Cr. Sum Assured
₹150,836 Cr. Assets Under Management
ARN- 06072023/GIP/SLPEDLI
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- 0124 648 8900(09:00 AM to 09:00 PM Monday to Saturday)
- service.helpdesk@maxlifeinsurance.comEmail
- SMS ‘LIFE’ to 5616188Message
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- 1860 120 5577(9:00 AM to 6:00 PM Monday to Saturday)
- Write to usPlease write to us incase of any escalation/feedback/queries.
- 011-71025900, 011-61329950(9:00 AM to 6:00 PM Monday to Saturday)
- nri.helpdesk@maxlifeinsurance.comPlease write to us incase of any escalation/feedback/queries.