Wednesday, June 22

Month: May 2022

All About Group Term Life Insurance in India
General

All About Group Term Life Insurance in India

Group term life insurance (GTL) is a customized life term insurance that an employer avails for his employees and their families. It is now an essential component of the benefits offered to employees by a company. Employees are the most prized assets of a company. Hence, covering their interests is pivotal in appreciating and caring for them. Health insurance or GTL can be a great way to motivate your employees and foster a healthy environment within your company. What is Group Term Life Insurance? GTL is customized insurance coverage that offers death benefits (lump sum or equated amounts) to the covered family members of the insured. This guarantees financial compensation for the employee’s wife, children, and parents (dependents) in case of the employee’s natural or accidental dea...