Secure Your Crew's Future with Group Term Life Insurance.
Show your squad you care with a simple, employer-sponsored life insurance plan.
Your One-Stop Solution For Group Term Life Insurance
- Tailored Life Cover Solutions
- Effortless Enrollment & Renewals
- Cost-Effective Group Premiums
- Dedicated Claims Advocacy
- Tailored Life Cover Solutions
- Effortless Enrollment & Renewals
- Cost-Effective Group Premiums
- Dedicated Claims Advocacy
4000+ Client Reviews Group Term Life Insurance Clients
What is GTL?
GTL is life insurance your company provides for everyone. If an employee passes away, their family gets a payout. It’s a simple, affordable way to support your team when they need it most.
What’s Covered Under GTL?
- Death Benefit: Lump sum for the family if something happens to an employee.
- Group Coverage: Everyone’s covered under one plan, making it cheaper than individual policies.
- Free Cover: Get basic coverage without a medical exam.
- Extra Perks:
- Accidental Death Benefit
- Total Disability
- Critical Illness Cover
- These add extra financial security.
- Easy Sign-Up: Quick enrollment for everyone, no medical checks needed.
- Always On: New folks are automatically included, and the plan renews yearly.
- Company Pays: The employer usually covers the whole bill, often tax-deductible.
WHY GTL Can Be A Saviour?
For Employers
-
Attracts Talent:
Makes your benefits package stronger. -
Saves Money:
Cheaper than individual plans, and often tax-deductible. -
Boosts Morale:
Shows you care, making your company a great place to work.
For Employees
-
Peace of Mind:
Automatic coverage, so you don't have to worry about it. -
Financial Security:
Helps your family if the unexpected happens. -
Stress-Free:
Easy, straightforward coverage for a better focus on work and family.
Group Term Life Insurance (GTLI)
Who Can Claim
- Nominee or HR must intimate the insurer in case of employee death (natural or accidental).
Required Docs
- Death certificate, claim form, nominee ID, bank details, proof of relationship.
- FIR, PM report (if death is accidental).
Payout Timeline
- Insurer processes claims within 30 days (no investigation) or 90 days (with investigation) per IRDAI.
Key Tip
- Ensure nominee details are updated in the HRMS. Mismatched or missing data leads to delays.
Insurance Partners
We’re Partners With 20+ Major Insurance Companies
FAQ's
Can members be enrolled during the policy term of the master policy?
Yes, members can be enrolled mid-term by paying a prorated premium based on the remaining coverage period.
Are premium rates fixed?
Yes, premium rates are fixed based on the member’s age band and the chosen sum insured.
Can premium rates be revised or reduced?
Yes, premium rates may be reviewed and revised after completion of one policy year, subject to claims experience and adherence to defined process and quality parameters.
If a member's coverage period extends beyond the expiry or termination of the master policy, will coverage continue?
Yes, the member will continue to be covered for the duration of their defined coverage period. However, no new members can be enrolled once the master policy expires or is terminated.
Can an individual hold more than one term insurance plan?
Yes, individuals may hold multiple term insurance plans. In the event of an unfortunate incident, dependents are eligible to claim benefits under all valid term life policies.
What are the general exclusions in home insurance policies?
- Criminal Activities
- Acts Of War
- Lapse In Policy
- Reckless Endangerment
Customers Says..
Huge thanks to Coverbizz for handling our Group Term Life Insurance with such professionalism. The team guided us at every step—quick and stress-free!
GTL Insurance
Company Name
Huge thanks to Coverbizz for handling our Group Term Life Insurance with such professionalism. The team guided us at every step—quick and stress-free!
