Group Term Life

Group Term Life
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Key Feature of Our Group Term Life

Affordable Coverage

Provides cost-effective life insurance coverage for a group of employees, offering protection at lower premiums compared to individual policies.

Flexible Coverage

The sum insured can be customized according to the group or organization's needs, providing flexible and tailored coverage to suit specific requirements.

Easy Administration

Easy to manage, covering a group of people under one policy, saving time and effort for employers while providing comprehensive protection for all employees.

Wide Coverage

Can be extended to include employees’ family members, ensuring financial protection for all dependents in the event of the employee’s death or incapacity.

FAQs on Group Term Life Plan

It provides life insurance coverage to a group of individuals, typically employees, under a single policy taken by the employer.

Employers, organizations, or associations can purchase this policy to provide life coverage for their members or employees.

It covers the insured’s life, offering a lump sum payout to the nominee in case of the insured’s death during the policy term.

No, it’s not mandatory but is often offered by employers as part of employee benefits.

Suicide during the initial policy period, illegal acts, and pre-existing critical illnesses are typically excluded.