Simply, we need a formal letter from you asking quotation for group insurance scheme along with a list of employees/members to be insured giving following particulars:
| Sl No. | Name | Designation |
Date of Birth/Age |
Monthly Basic *Pay |
Sum Assured |
* If the sum assured does not depend on monthly basic pay (i.e., sum assured depends on designation/class of employment), then this column should be ignored. Otherwise, fill up basic pay column and state Sum Assured as a multiple of 12, 18, 24, 30, or 36 times of monthly basic pay.
Pragati Life will then calculate the premium rate and submit the quotation. On receipt of premium Pragati Life will issue 'Cover Note' taking the risk of life and subsequently arrange to sign a formal Group Insurance contract accordingly.