Group life insurance is a type of life insurance in which a single contract covers an entire group of people. Typically, the policyowner is an employer or an entity such as a labor organization, and the policy covers the employees or members of the group.

The advantages of group life insurance

•  It's easy to qualify for coverage.  Unlike an individual life insurance policy, where you might be rejected, group life coverage is guaranteed and there are no medical questions. The insurer bases the premium on the risk of the group as a whole and considers such factors as the ratio of women to men, members' ages and the kind of work they do.
• When offered as part of a basic benefits package, the coverage is often free to the employee, with higher levels of coverage available at group rates.

Free life insurance is a great deal, but think of group life as a supplement, versus a replacement, for an individual life insurance policy you buy on your own.

Experts generally advise against relying solely on employer-provided group life for protection because you don't control the policy; the employer does.

Group life insurance coverage is limited

Typically an employer-sponsored group policy is term life insurance, which covers you for as long as you're working for the employer. The coverage ends when you leave the company. Your next employer might not offer the benefit

Scope of Cover:

1. Death any cause. (including suicide optional)

2. Permanent Total Disability ( Accident & Sickness)

3. Permanent Partial Disability (Accident & Sickness)

4. Temporary Total Disability (Accident & Sickness)

5. Repatriation Expenses

6. Terminal Illness 

7. Named Critical Illness cover

DISCLAIMER

The above is a brief information of the covers available under the Policy. Please request for a copy of the Insurer's Terms and conditions of the policy which shall be binding and considered as final basis for settlement of any dispute.