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Group Term Life Insurance: Protecting Your Workforce
Group Term Life Insurance provides life coverage for employees, ensuring that their families are financially supported in the event of an untimely death. Offered by employers as part of their benefits package, this policy is a cost-effective way to provide employees with a valuable safety net.
In case of the employee’s natural or accidental death, a lump sum amount is paid to the nominee, providing immediate financial assistance. The coverage is customizable based on the employee’s designation or CTC, ensuring that different employee levels are appropriately protected. Additionally, critical illness or accident death and disability riders can be added to enhance the coverage and provide extra protection.
Group Term Life Insurance Features & Benefits
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Lump Sum Payout to Nominee
In the unfortunate event of an employee's death (natural or accidental), a lump sum amount is provided to their nominee, ensuring financial security.
Customizable Coverage Based on Designation/CTC
Tailor coverage to suit different employee levels by adjusting coverage based on designation or CTC, offering flexible protection for everyone.
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Cost-Effective & Easy to Administer
Group Term Life Insurance is an affordable way for employers to provide valuable protection, simplifying the administration of employee benefits.
Critical Illness or Accident Riders
Add riders for critical illness or accidental death and disability to the policy, enhancing the coverage and offering more comprehensive protection to employees.
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Group Coverage for Entire Workforce
This policy covers your entire workforce under one plan, ensuring that all employees are protected without the need for individual policies.
Why Choose VEEZ Insure for Group Term Life Insurance?
Affordable & Scalable Coverage
Our policies provide high-value coverage at an affordable rate, scalable to fit companies of all sizes.
Customizable to Meet Employee Needs
Tailor coverage to suit your employees' roles, designations, and compensation packages, offering personalized protection for each team member.
Comprehensive Riders for Extra Protection
Add critical illness or accidental death & disability riders to ensure that your employees have more comprehensive and inclusive coverage.
Simplified Benefits Administration
Group Term Life Insurance simplifies the benefits administration process, saving time and ensuring your team is always protected without additional effort.
