Why Premiums Are Lower in Group Term Policy Than Individual Term Policies?

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

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What is a Group Term Life Insurance Policy?

Group term life insurance policy is the 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 case […]

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What are the advantages of 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. A group insurance is not limited to employer-employee group only because it extends to other groups like banks, NGOs, etc.; also. Here are some of the benefits of group term […]

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