What's a Group Life Insurance Plan?
Group Life Insurance provides life cover to a group of people—commonly employees of a company or members of an organization—under one master policy. It ensures a lump sum payout to beneficiaries in case of a member’s unfortunate death during the policy term.
Empower your employees or members with financial security.
Benefits
- Affordable Coverage
- One policy for all members simplifies management.
- Employee Retention: Enhances employee satisfaction and loyalty.
- Quick Claim Settlement is Hassle-free process for beneficiary support.
Why Choose DeepPriya for Group Life Insurance?
- Customized Group Coverage: Flexible plans designed to match your organization’s size and employee needs.
- Trusted Insurance Partners: We collaborate with top insurers to deliver reliable and well-rated policies.
- Easy Onboarding & Management: Hassle-free enrollment and policy handling with dedicated support.
- Affordable Premiums: Cost-effective group rates without compromising coverage quality.
- Comprehensive Employee Benefits: Boost employee morale with valuable life cover and peace of mind.
FAQs for Group Life Insurance
Employees, members of a society, association, or any formal group can be included.
Usually not, especially for groups with large numbers and standard coverage.
Coverage usually ends when you leave the group unless there’s a portability or conversion option offered by the insurer.