Group term life insurance offers fixed cover for members of a group.
In case of a death, the family (nominee) receives a sum assured. The sum insured can be uniform for all group members or can be differentiated on some logical crierion.
The insurance cover can be extended to family members, as well, with a simple structure and single premium rate that's easy to implement.
The shared cover rate becomes cheaper for larger groups, compared to individual insurance covers, and can be obtained for an amount of as low as Rs 1,000. Our cover structure is customizable as per the needs of the group and its members.
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