Group Term Life
It is a highly convenient yearly risk insurance product that pays a Face Amount to the employees in the event of any cause of death.
- Cost-effective than individual coverage
- Waives the requirement of medical tests in most cases
- Option to convert to an individual policy
- Allows uniform business expenses to cover fluctuating mortality risk
- Possibility of premium reduction with a profit-sharing arrangement
- Add-ons - Accident & Disability riders, Hassle-free administration, and efficient Claims administration