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Providing peace of mind to your employees
4 Easy steps to buy a group term life insurance
Simplifying group term insurance plan
Transparent pricing & coverages. No unwanted features. Buy what you pay for.
Hand holding of employees during claims. Instant Whatsapp support and Chat support.
Online Portal to view all group policies. Add/Delete Employees. Claim Status view.
Online Portal to view Claim Status & Policy Details. File a new claim.
Best group life plans at best price
Group Term Life Insurance Policy (GTLI) is a customised plan that offer life insurance cover to a group of members/employees under a single policy. A group insurance policy is not restricted to merely employer-employee groups and is also customised for other groups such as customers of banks, NGOs, professional groups, non-banking financial institutions, and microfinance institutions.
In an event of death of any member/employee covered under a group term life insurance policy, the nominee of the concerned member/employee is assured of financial assistance to the extent of Sum Assured for that member/employee.
The sum assured under the group term life insurance may vary from member to member or can be a uniform sum assured for all members/employees covered under a policy. For employees, the sum assured can be a multiple of their yearly salary and for a group of borrowers, the sum assured can be the outstanding loan amount at the time of death. One of the benefits of term life Insurance is, additional covers like critical illness and disability benefits can be added to a Group Term Life Insurance policy.
FAQs
Non-employer- employee groups.
Small medium enterprises (SMEs).
Large companies
Microfinance institutions.
Banks and non-banking financial institutions.
Professional groups.
The minimum age for enrolling into a group term life insurance plan is 18 years of age.
The maximum age to enroll into a group life insurance plan is 70 years.
The tenure of a group term life insurance policy for employer-employee policy is 1 year and for loan borrowers it is the tenure of the loan.
The minimum sum that is assured under the group term life insurance scheme is Rs.1,000.
The group term insurance that you have taken will last as long as you remain employed with the same employer who covered you under this plan.
No, one of the key features of a group term plan is that it follows the whole group and not individuals as only a single contract covers multiple people. It has nothing to do with individual personal habits
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Never thought buying a group health insurance and onboarding employees was so simple and easy. Thanks Policy Nation. Best rates, simple & transparent.
I am always worried about TnCs when it comes to insurance and PolicyNation is different from others as they give me full transparency and the right advise. Amazed at the way PolicyNation has redefined employees group health insurance for a young start up like ours. Our employees find it clear and easy to use. Thanks PolicyNation team for giving us personalised help in getting our claims processed swiftly.
Policy Nation has helped us with suggesting optimal insurance coverage for our team and insure our team for Medical, Covid and accident insurances. Policy Nation supports our employees especially when they need help most.
Absolute breeze from buying our group health policy to filing of our claims, Policy Nation has really UNCOMPLICATED the whole process. Kudos to the team PolicyNation for defining group health insurance.
Policy Nation has simplified the process of providing the best possible health insurance for our employees. We get timely support for all our claims. We are happy to have chosen Policy Nation for our insurance needs.
We have been associated with Team Policy Nation for 5+ years and it has been a delight working with them. They are very delivery focused and customize their offerings to our requirements. Team Policy Nation consistently reinvent themselves to make life simpler and easier for us without compromising on our need of cost efficiency.
We have been using policy nation's services for a year now. They are knowledgeable and experienced and have helped us navigate the field of employee insurance and office insurance. Every case & claim is treated with care. We are very happy having them as our insurance partners.
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