Group Life Insurance

Provide financial security to your employees' families with affordable group life coverage.

Group Life Insurance

Show Your Employees You Care About Their Families

Group life insurance is one of the most appreciated employee benefits. It provides peace of mind to your employees, knowing their families will be taken care of in case of an unfortunate event.

Term Life Cover

Coverage for natural death

Accidental Death

Double cover for accidents

Permanent Disability

Coverage for total/partial disability

Gratuity Funding

Linked to gratuity benefits

Group Life Insurance Overview

Key Features & Benefits

Why choose our group life insurance plans

Affordable Premiums

As low as ₹500 per employee per year for basic coverage

No Medical Tests

Coverage without medical check-ups for most employees

24/7 Coverage

Worldwide protection, 365 days a year

Tax Benefits

Premiums are tax-deductible business expenses

Employee Retention

A valued benefit that helps retain talent

Flexible Sum Insured

Customizable based on salary or fixed amount

Coverage Options

Choose the protection that fits your employees' needs

Basic Term Life

Coverage for death due to any cause (natural or accidental)

Accidental Death

Additional coverage specifically for accidental death

Permanent Disability

Coverage for total and partial disability due to accident

Gratuity Cover

Linked to gratuity liability for funding purposes

Flexible Sum Insured Options

Choose how much coverage to provide

Fixed Amount

Same coverage for all employees

  • ₹2 Lakhs per employee
  • ₹5 Lakhs per employee
  • ₹10 Lakhs per employee

Salary-Based

Coverage linked to employee salary

  • 1x Annual Salary
  • 2x Annual Salary
  • 5x Annual Salary

Custom quote

Multi-Tier

Different coverage for different levels

  • Junior: ₹3 Lakhs
  • Mid: ₹10 Lakhs
  • Senior: ₹25 Lakhs

Custom quote

Optional Riders

Enhance coverage with these add-ons

Critical Illness Rider

Lump sum payment on diagnosis of specified critical illnesses like cancer, heart attack, etc.

Accidental Death Benefit

Double the sum insured in case of accidental death.

Permanent Disability Rider

Coverage for total and partial permanent disability due to accident.

Eligibility Criteria

  • Group Size: Minimum 5 employees
  • Employee Age: 18 years to 65 years
  • Sum Insured: ₹1 Lakh to ₹50 Lakhs per employee
  • Policy Term: 1 year (renewable)
  • Coverage: Employee only (spouse optional in some plans)

Documents Required

  • Company Registration Certificate / GST Certificate
  • List of employees with age, gender, salary
  • PAN Card of company
  • Address proof of company
  • Previous policy details (for renewal)
  • Nominee details for each employee

Compare Group Life Plans

Find the right coverage for your team

Features Basic Life Plan Standard Plan Comprehensive Plan
Natural Death Cover ₹2 Lakhs ₹5 Lakhs ₹10 Lakhs
Accidental Death Cover Not Included ₹5 Lakhs (additional) ₹10 Lakhs (additional)
Permanent Total Disability Not Included ₹5 Lakhs ₹10 Lakhs
Permanent Partial Disability Not Included Not Included % of sum insured
Critical Illness Rider Not Available Optional Optional
Worldwide Coverage Yes Yes Yes

Why Group Life Insurance Matters

1
Financial Security for Families

Ensures employees' families are not left financially vulnerable in case of an untimely death.

2
Affordable Protection

Group rates are significantly lower than individual life insurance policies.

3
Employee Appreciation

Shows employees you value them beyond their daily contributions.

4
Tax Efficient

Premiums are tax-deductible for employers and tax-free for employees.

70%

Employees value life insurance as a top benefit

₹500

Starting premium per employee per year

95%

Claim settlement ratio

24/7

Worldwide coverage

Frequently Asked Questions

Common questions about group life insurance

No, the premium paid by the employer for group life insurance is not considered a perquisite and is tax-free for employees. The death benefit received by the nominee is also tax-free under Section 10(10D) of the Income Tax Act.

Group life insurance typically provides worldwide coverage 24/7. Death of an employee anywhere in the world is covered, subject to policy terms. The nominee would need to submit the death certificate and other required documents, which may need to be attested by the Indian embassy in that country.

Most group life insurance policies cover only employees. However, some insurers offer optional spouse coverage as an add-on. This is less common than group health where family coverage is standard. Contact us for options if you want to cover spouses.

Sum insured can be a fixed amount for all employees (e.g., ₹5 Lakhs each), a multiple of salary (e.g., 2x annual salary), or a graded amount based on employee level (e.g., junior staff ₹3 Lakhs, mid-level ₹10 Lakhs, senior ₹25 Lakhs). Choose what fits your budget and HR philosophy.

In case of an employee's death, the nominee needs to inform us immediately. Required documents include death certificate, claim form, nominee ID proof, and employer confirmation. Our team assists the family throughout the process. Claims are typically settled within 7-10 working days of receiving all documents.

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