Group Term Life Insurance

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Group Term Life Insurance Advantage

Comprehensive Cover
Life cover with flexibility in choosing the plan, offer secure income in event of disability and flexibility to increase the amount of coverage at key stages of life like marriage and child birth.
Graded Cover
It is possible to have multiple sums assured in the policy. Coverage can vary by grade, designation, number of dependents, marital status, profile and salary.
Increase in Sum Assured
Policyholders can increase the sum assured of the members during the year due to salary hike, promotions or any other valid reasons, but the definition for the cover should not change for the group.
Fast Claim Settlement
Easy and prompt claim settlement within specified turn around time.

Why Claims Get Rejected?

Incorrect occupation disclosure

Under a group term life insurance policy, it is important to disclose exact nature of work. Since the risk varies considerably based on a person’s occupation, claims are rejected if information is found to be false at the time of claim.

Submitting incorrect personal information

It is necessary to reveal complete information to insurers. If customers hide any important facts or information like age, current medical conditions or existing policy details while submitting the form, then your claims are likely to be rejected.

Non-timely renewal

If customers do not renew their insurance on time then claims filed after the renewal date are rejected. We prevent this by sending timely renewal reminders.

Why SecureNow

Product Knowledge

We have specialized employee benefits underwriters and tie-ups with international experts.


We work with all insurers to get you the best options- both in terms of price and features.

Quick Turnaround

Cover notes are issued within hours of request. This documentation is sufficient for any contractual requirement.

Strong Claim Support

We manage all aspects of your claim - from preparing documentation to follow-up with the insurer.

Value Added

We will advice you on risk management best practices.

Policy Administration
System (PAM)

See all your contracts and renewal information in one place. Place service requests on PAM.


The following entities can take group life insurance cover:
  • Employer & employee groups
  • Banks
  • Micro finance institutions
  • Non finance institutions
  • Other professional groups
In most cases, the premium amount is paid by the employer. At the same time the scheme can also be contributory, wherein the employee may also contribute to the amount.
The premium rate of group life term insurance is subject to change and is largely determined by size, aggregate sum assured, claim experience in previous year and the age of the members of the group.
Yes, new members can be added during the course of the year. Similarly, member who are no longer a part of the group can be deleted from the group.
The upper limit in group term life insurance policy is decided based on the retirement age of the particular group. Generally the retirement age is considered to be 60 but can go upto 70 years.

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