Group Term Life (GTLI)

Group term life insurance for employees under a master policy

Provides life insurance cover to employees under a group policy.

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Key features

  • High coverage at low premium
  • No medicals (up to limits)
  • Annual renewable

Coverage

  • Death due to any cause
  • Terminal illness (optional)

Exclusions

  • Suicide (initial period)
  • Fraud / misrepresentation