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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
ABSLI 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. ABSLI Group Asset Assure
Life is full of dreams and aspirations and in order to fulfill the dream of buying a new house or a new car, joy and concern equally dominate our thoughts. With the delight of achieving our goal, we take a loan and worry about its repayment in case of our absence. ABSLI Group Smart Select ensures this doesn’t happen by safeguarding your family from any financial risk. Along with risk coverage, it also assures peace of mind in case of death, disability, and illness of the insured. ABSLI Group Smart Select