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Affinity

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An affinity group is a group consisting of persons who assemble together with a commonality of purpose or engaging in a common economic activity.

In Insurance parlance Non-employer-employee groups like employee welfare associations, borrowers of a bank, professional associations or societies may also be treated as affinity groups provided the president/ secretary/ manager/ group organizer in his capacity as organizer of the group has an authority from majority of the members of the group to arrange insurance on their behalf.
Plan BenefitPlan Name
BSLI Group Asset Assure Plan is a non-linked, nonparticipating plan wherein the institution/employer is the policyholder & the borrowers/employees/depositors are the members insured. Group Asset Assure
It is provided under One Year Renewable Group Term Plan that provides basic life cover to people who have availed of credit from the financial institution/bank. Credit Guard – Mortgage Plans
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