What Is Group Term Insurance?
Group term insurance provides life cover to employees under a single master policy held by the employer. In the event of an employee's death during the policy period, the nominee receives a lump sum.
Cover can be a flat amount for all employees or linked to salary or designation. Insurers typically offer a free cover limit up to which no medical examination is required.
Where permitted, group term insurance can also be used in place of the statutory Employees' Deposit Linked Insurance (EDLI) scheme, often with higher benefits.
Why Do You Need Group Term Insurance?
Valued Employee Benefit
Financial security for employees and their families.
No Medicals up to Free Cover Limit
Cover issued without medical tests up to the free cover limit.
Low Premiums
Group pricing keeps costs affordable for employers.
EDLI Substitution
Can replace the statutory EDLI scheme where permitted.
Why Choose Our Group Term Insurance Services?
We help you offer meaningful life cover to your team at competitive group rates.
Benefit Design
Flat or salary-linked cover designed for your workforce.
Insurer Comparison
Premiums and free cover limits compared.
Smooth Administration
Member additions, deletions and renewals managed.
Nominee Support
Assistance for nominees with documentation and claims.
Our Process
- Risk Survey We understand your operations, assets, people and contracts.
- Programme Design The right covers, sums insured and extensions for your risks.
- Market Placement Competitive terms obtained from multiple insurers.
- Policy Issuance Smooth documentation, onboarding and endorsements.
- Claims & Renewals Survey coordination, claim settlement and timely renewals.
Start Your Journey Today
Speak with our team for a personalised, no-obligation discussion.
Frequently Asked Questions
Does cover continue after leaving the company?
No. Cover ends when employment ends, so personal term insurance remains important.
Is the premium taxable for employees?
Generally not, when paid by the employer under a group scheme, subject to prevailing tax rules.
What is a free cover limit?
The maximum cover per employee that the insurer grants without medical examination.
Can employees increase their cover?
Some schemes allow voluntary additional cover paid by employees.
What is the minimum group size?
Insurers usually require a minimum number of members to issue a group policy.