Buy Group Term Life Insurance Online

Buy Group Term Life Insurance Online
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Group Term Life Insurance Policy

What is a Group Term Life Insurance?

What's Great About a Group Term Life Insurance by Digit Life?

How Does a Group Term Life Insurance Plan Work?

Features of Group Term Life Insurance Plans

Benefits of Group Term Life Insurance Policy to the Employers

Benefits of Group Term Life Insurance Policy to the Employees

Key Benefits of Group Term Life Insurance by Digit Life

Coverage for Spouse Available as an Add-On
Premium Payment Options Single Pay, Regular, One Year Renewable
Inbuilt Critical Illness Benefit Yes, Optional
Inbuilt Accidental Death Benefit Yes, Optional
Inbuilt Terminal Illness Benefit Yes, Optional
Death Benefit Payout Options Lump Sum or Regular Income Based on Various Factors
Renewal Rate Guarantee Available as an Add-On

The Super Smooth Claims Process at Digit Life

FAQs on Group Term Life Insurance

Are Riders Available with the Group Term Life Insurance Plans? up-arrow

Yes, by paying an extra premium, we can purchase Riders or Add- Ons like Critical Illness, Accidental Death cover etc., with Group Term Life Insurance.

Do I Get a Maturity Benefit or Survival Benefit Under Group Term Life Insurance? up-arrow

No. Since it's a pure-term plan, you don't have the option of Maturity or Survival Benefits.

What is the Minimum Age to Enrol for a Group Term Life Insurance Policy? up-arrow

The minimum age to enter a Group Term Life Insurance is 18 years. However, it may vary across policies or insurance providers.

What is the Maximum Age to Enter a Group Term Life Insurance Policy? up-arrow

Generally, one can enrol for Group Term Life Insurance up to the age of 69, and it remains active for up to 70 years. However, this varies across policies and insurance providers.

Can I Continue With my Group Term Life Insurance Even When I Leave My Current Employer? up-arrow

No, your Group Term Life coverage ends when you end the job contract with your employer. However, some companies do allow the option of portability, wherein the policy can be ported to an individual plan and continued.

Can I take Loan Against this Policy? up-arrow

No, since a Group Term Life Policy does not have any cash value, you cannot take a loan against it