Protect Your Workforce with Simple, Affordable Group Life Insurance.
Group Term Life Insurance provides a lump-sum death benefit to the nominee of a covered member in the event of death during the policy period and a simple & affordable way for organisations to provide life insurance coverage to employees or members under a single master policy. It strengthens employee welfare, improves retention, and demonstrates a strong commitment to financial security.
Life insurance without medical tests (subject to limits)
Financial protection for family & dependants
Coverage from day one of employment/membership
Low-cost life cover compared to individual policies
Frequently Asked Questions
What is group term life insurance?
A life insurance policy that covers a group of people under one master policy.
Is group term insurance mandatory for employers?
No, but many employers offer it as an employee benefit.
Is medical testing required?
Usually not, up to specified limits.
How is sum assured decided?
It can be a fixed amount or a multiple of salary.
Can coverage vary by employee level?
Yes. Graded covers can be structured by designation or role.
Are riders available?
Yes. Accidental death and disability riders are commonly added.
What happens when an employee leaves?
Coverage ceases unless a portability or conversion option is provided by the insurer.
Is the policy renewable?
Yes. Group term policies are typically renewed annually.
