What affects the Premium of Group Term Life Policies?

A group term life policy is purchased by an organization, to cover a minimum number (group) of employees. The very nature of the group term life policy affects the premium amount. An employer usually chooses to cover all insured members under the same risk and therefore, pays a lump-sum premium to the insurance company. It […]

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What is a Group Term Life Insurance Policy?

A Group term life insurance policy is a policy that provides life insurance coverage to a group of people.  The employers or any other group administrator can subscribe to it to cover the lives of its employees or members. The group term insurance policy provides financial support to the family members of the employee in […]

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Know about Group Term Life Insurance Policy

Group term life insurance policy is a master policy taken by any organization for its employees. The life of an individual is a journey full of uncertainties. Nobody wants to face difficulties and mishaps, but sudden accidents or events affecting life badly are in nobody’s control. Also, an individual that works and earns doesn’t do […]

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What Are The Benefits Offered Under Group Term Life Insurance?

Group Term Life Insurance Policy Benefits both employers and employees in multiple ways: Benefit for Employers Group term insurance helps in the retention of talented employees. The premium or cost of such a policy is tax-deductible for the firm. Helps maintain a healthy relationship with employees and retain the preferred employer brand. It is an […]

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Who Can Purchase Group Term Life Insurance?

Following types of groups can purchase group term life insurance on the lives of the group members: Employer-employee Consumer Groups Associations for their Members Non-Profit Organisations Other Self-interest groups formed for a purpose other than to avail a group of insurance An employer can purchase a group term life insurance policy for employee groups In […]

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