Mahalaxmi Life brings combo life insurance policy; to provide insurance coverage to all the members, investors, depositors and borrowers of the institution through a single policy

Mahalaxmi Life Insurance has launched a new policy into the market under which an organization can have a life insurance of the entire team of employees, depositors, borrowers, and investors under a single insurance policy.

Under the scheme, the insurance company will provide the compensation amount in case of the death of any of the member of the group where the family of the deceased will also receive upto Rs 50K to cover the funeral expenses.

The policy will also cover the compensation amount in case any of the insured group member face an accident that result to physical deformity or permanent disability, as per the media statement.