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group term insurance

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A term plan is an important financial decision you’ll make in your life. But what kind of term plan should you choose? And how can you ensure that you’re getting the best sum assured possible? This blog discusses these questions and provides tips on how to choose the right sum assured under a term plan. By following the stages outlined in this article, you’ll be well on your way to making a wise decision when…

What happens to group health insurance when the policyholder dies? When an employee dies, it can be difficult for the employer and the family. The employer needs to know their group health insurance policy to understand their coverage and what they are responsible for. This blog discusses how to check the policy document for death benefits and what the employer should do if an employee dies. By following these steps, the employer will be able…

As the world continues to go digital, people are increasingly turning to group-term life insurance to protect their dear ones in the event of an unexpected death. Group term life insurance policies offer a higher level of coverage than individual term life insurance policies. They are available in several different types, including whole life, universal life, and hybrid policies. This blog discusses what is group term life insurance and, how it works, and the different…

GTL insurance – what is it? GTL insurance, commonly asked as what is GTL full form in insurance, refers to group term life insurance. This is a special variant of term insurance policy that caters to covering the workforce of an organisation under a single master policy. Hence the name group term insurance. As an employer-owner, you can avail a GTLI for all the people working in your company. So what’s so attractive about GTL…

As a startup company, employee health and safety are of the utmost importance. That’s why group term life insurance for startups is a must-have insurance policy – it covers the costs of lost income due to death or illness in the event that a member of your team becomes ill or dies. Not only does group term life insurance provide financial security in the event of an unfortunate event, but it can also help maintain…