Group Term Life Insurance

Get several deeply researched insurance optionsĀ  :

  • Covers death by any cause
  • Get quotes from leading insurers such as Birla Sun Life, ICICI Prudential , Bajaj Allianz and DHFL Pramerica
  • Accidental Death, Disability and Critical Illness riders available
  • Risk held letter issued in 48 hours.

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Benefits of GroupTerm Life Insurance

Advantages for Employers

  • Group term life insurance plan can help maintain healthy retention ratio for the employer. It can also play an important in attracting new talent to the company.
  • Cost-effective way of purchasing a valuable health benefit. The rates are more economical than individual term plans.
  • Tax benefits for employers as the premium is a business expense.

Better Coverages Offered

  • Primary benefit is to cover any kind of death of the insured person. A pre-decided sum insured is paid to the beneficiary as a compensation. It also offers add-on covers for accidental death, disabilities and critical illnesses.
  • Free cover limit benefit is of great value because no medical tests are required if the sum assured is below this limit.
  • Single policy start date for all the employees which makes it easy for the HR team to manage insurances for employees.

Advantages for Employees

  • Higher financial security for families of employees in case of their demise. Cost effectiveness makes this policy a must have for employees.
  • No medical examination for employees upto the free cover limit. This makes issuance simple.
  • Death benefits payable to the beneficiary under a group term life insurance are exempted from tax under Section10(10D)

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