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What is Group Term Life Insurance? For individuals with financial responsibilities, term insurance is a necessity. If you are a salaried/working individual, you can use the group term insurance plan. Read more. Life is Unpredictable! Protect your family’s future. Get ₹1 Crore Life cover starting from ₹384/month+. Male. Female. Name. Date of Birth.
A group term life insurance plan refers to a life insurance plan that covers a group of people for a specified term or period in exchange for a fixed rate of premium payment. It provides life coverage to a group of people and pays compensation to the group member’s family if he/she dies during the policy term.
Digit Life Group Term Insurance is a non-linked, non-participating, group pure risk premium insurance plan that provides life insurance cover to insured members and in case of unfortunate event, financially protect their families.
The Group Term Life Insurance Policies are offered by almost all the companies. To name few - TATA AIA, Maxlife, Metlife, ICICI Prudential, HDFC Standard Life, Pramera Life, Reliance Life, Birla Sun Life etc., Premiums for Group Term Insurance.
Plum offers group term life insurance for your employees to secure your workforce. Get quotes & information like features, benefits, working, and more.
Yes. Minimum Group Size. 25. Tax Benefit. Yes. WHY BUY GROUP TERM PLAN? You can provide life insurance cover to all your members under a single plan. Sum Assured is paid on the death of a member covered under the plan. You can add and delete members on a monthly basis. It is a tool for providing employee incentive and improving employee retention.
May 22, 2024 · Group term life insurance is a type of insurance plan that operates on a group policy basis where the employer negotiates the terms with an insurance provider, and eligible employees are enrolled. The employer often covers the premiums, making it cost-effective for the entire group of employees.
Group term life insurance is a type of life insurance plan that covers multiple individuals or a group under one policy. The main goal is to provide financial protection to the beneficiary if the covered person passes away during the policy term.
A group term insurance provides a cost-effective life insurance cover to the employees. But it has more benefits to offer which are as follows: Life insurance at low premiums: The premiums of a group insurance plan are lower than individual life covers. This is due to the enhanced spread of risks and premiums.
Sep 8, 2023 · Group Term life insurance policy is a type of life insurance policy that provides coverage to a group of people under a single policy.
