Group Term Life Insurance
Financial protection for your workforce under a single master policy with cost-effective group rates.
What is Group Term Life Insurance?
Financial protection for your workforce
GTLI covers a group of employees under one policy named as Master Policy, provides coverage for a specific period and the plan pays a lump sum amount to the nominee in case of an employee's demise.
GTLI provides financial security to employees' families and are more cost-effective than individual life insurance policies. Premiums paid by the employers are tax deductible.
Key Features:
- Single Master Policy for all employees
- Coverage based on salary
- Lump sum payment to nominee
- Tax-deductible premiums
- Cost-effective group rates
- Easy administration
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What is Group Term Life Insurance Plan?
It's a type of life insurance covering a group (e.g. employees, members) under one policy, providing death benefit.
What are the key features of Group Term Life Insurance Plan?
It covers a group under one master policy with affordable premiums along with death benefit payout to nominee.
What are the benefits of Group Term Insurance Plan?
Benefits like simple administration, cost effective group coverage and financial protections to families.
Who can take Group Term Life Insurance Plan?
Employers, Organizations or groups seeking coverage for members.