Buy Group Term Life Insurance Online

Buy Group Term Life Insurance Online
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What is a Group Term Life insurance and How it Works?

What Is a Group Term Life Insurance Plan?

How Does Group Term Life Insurance Policy Work?

What Are the Key Features of Group Term Life Insurance Policy?

What Are the Benefits of Group Term Life Insurance Policy?

Who Is Eligible for Group Term Life Insurance?

What Are the Disadvantages of Group Term Life Insurance Policy?

Why Choose a Group Term Insurance Policy?

FAQs About Group Term Life Insurance

What is the default tenure of a group term insurance policy? up-arrow

The default tenure of a group term insurance policy is one year. However, it provides the option of renewing the policy annually for extended coverage. The policyholder can go for it at their convenience.

What are the objectives of purchasing a group term insurance policy? up-arrow

There can be many objectives for policyholders to purchase this policy to benefit their employees. They usually include gratuity, annuity, life cover, savings tools, and credit protection.

What minimum group size is needed to purchase a group term insurance policy? up-arrow

There should be at least 50 people to purchase a group term insurance policy. However, this number can vary across the insurers. So, you can find the number and accordingly include people in the group for purchasing this policy.

What is the minimum sum assured for purchasing a group term insurance policy? up-arrow

The minimum sum assured for every individual in the group should be ₹1,000. However, this amount can vary from one insurance provider to another. Also, there is no such maximum sum assured that you can pay.

Do personal habits influence the cost of premiums of group term insurance policy? up-arrow

No, the personal habits of individuals in a group do not affect the premiums of this insurance policy. The premiums are only decided based on several factors, like the number of individuals in the group, supplement coverages added with the policy, and nature fo risks covered.