Why Premium is Lower in Group Term Policy Than Individual Term Policy?

The premium for the group term policy is dependent on various factors, like the number of people insured in the group, the average sum insured per person, the average age of the group members, the occupational risk of the group, etc. Insurance premium consists of three components: Risk Premium Loading for Office Expenses Investment Component […]

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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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What are the advantages of The Group Term Life Insurance policies?

As the name itself suggests, a group term life insurance is designed to offer life insurance to a group of people under a single policy. Group insurance does not limit to employer-employee groups only because it extends to other groups like banks, NGOs, etc.; also. Here are some of the benefits of group term life […]

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