Group Term Life, Real Peace of Mind
Group term life insurance for every stage
Key Benefits

Affordable Group Coverage
High protection at low premiums — cost-effective for employers and employees.

Tax-Smart Benefits
Enjoy tax savings under Sections 10(10D) & 37(1) for both employees and employers.

Family Financial Security
Lump sum payout to nominees ensures loved ones stay financially protected.
Plans

HDFC Life
Group Term Insurance Plan
Premium: ₹250/year*/member
Coverage Amount: ₹1–50 Lakhs/member
- Affordable life cover for employees/members under a single policy
- Immediate financial support for nominee on member's death
- Flexibility to define sum assured per employee tier or salary
- Hassle-free onboarding with simplified documentation
- Tax benefits for both employer and employee

Axis Max Life
Group Secure Plan
Premium: ₹300/year*/member
Coverage Amount: ₹5–75 Lakhs/member
- Comprehensive group protection with flexible sum assured
- Covers natural, accidental and critical illness deaths
- Option for single or renewable annual premiums
- Add-on riders for enhanced protection
- Ideal for MSMEs, corporates and associations

ICICI Prudential
Group Term Life Plan
Premium: ₹275/year*/member
Coverage Amount: ₹2–100 Lakhs/member
- Scalable protection plan tailored for companies and institutions
- High sum assured options with minimal medical requirements
- Coverage for all employees under one umbrella policy
- Option to include spouse cover or accidental riders
- Streamlined claim process and strong settlement record

Reliance Nippon
Group Term Assurance Plan
Premium: ₹240/year*/member
Coverage Amount: ₹1–50 Lakhs/member
- Fixed benefit payout on member's death during policy term
- Customizable coverage structure based on salary or designation
- Ideal for employers, microfinance and informal groups
- Quick issuance with minimal eligibility norms
- Tax-deductible premiums under Section 37(1)

IndiaFirst Life
Group Protection Plan
Premium: ₹260/year*/member
Coverage Amount: ₹2–60 Lakhs/member
- One policy to protect all members with adjustable coverage
- Death benefit payable to nominee tax-free under Section 10(10D)
- Flexible premium payment: single or renewable
- Option to extend to family/dependents
- Easy policy administration for employers

PNB MetLife
Group Term Life Plus Plan
Premium: ₹280/year*/member
Coverage Amount: ₹5–80 Lakhs/member
- Life cover for employer-employee and affinity groups
- Guaranteed payout on death during coverage period
- Option to add critical illness or accidental death riders
- Designed for corporates, SMEs and financial institutions
- Simple issuance, renewals and member addition/removal
Frequently Asked Questions
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