Secure Your Crew's Future with Group Term Life Insurance.
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GTL General Information
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Know your policy
Everything you need to know
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.
Why Your Team Needs It
Losing a loved one is hard enough — the last thing a grieving family should worry about is money. Without life cover, an employee's family can face sudden financial strain on top of their loss.
Know your policy
Understand your insurance before buying
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.
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.
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.
Accidental Death Benefit
Extra perk for added financial security.
Total Disability
Extra perk for added financial security.
Critical Illness Cover
Extra perk for added 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.
Faq's
Yes, members can be enrolled mid-term by paying a prorated premium based on the remaining coverage period.
Yes, premium rates are fixed based on the member's age band and the chosen sum insured.
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.
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.
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.
- Criminal Activities
- Acts Of War
- Lapse In Policy
- Reckless Endangerment