Employer benefits calculator
GPA & Group Term Life Premium Calculator
This free tool gives you an indicative premium for Group Personal Accident (GPA) and Group Term Life (GTL) cover. Enter your headcount, average CTC and a sum-assured multiple, and see the estimated per-employee and company-wide cost in seconds — before you request a formal quote.
Estimate your GPA & GTL premium
Results update live as you type. All figures are indicative.
Everyone you want to cover under the group policy.
A blended average across your team is fine for an estimate.
How this estimate is calculated
We take your sum assured — the cover multiple times average CTC — and apply an indicative annual rate for every ₹1,000 of that sum assured. GTL (any-cause life cover) is priced higher than GPA, which only pays out on accidents, so GPA is the cheaper add-on.
| Cover | What it pays | Indicative rate / ₹1,000 / yr |
|---|---|---|
| Group Term Life | Death from any cause | ₹0.80 – ₹1.60 |
| Group Personal Accident | Accidental death & disability | ₹0.35 – ₹0.75 |
For example, at a 2× multiple on a ₹6,00,000 CTC, the sum assured is ₹12,00,000 — that is 1,200 units of ₹1,000. Adding both covers, the annual per-employee rate runs from ₹1.15 to ₹2.35 per unit, so the premium lands between roughly ₹1,380 and ₹2,820 a year before your team's specific risk profile is applied.
GTL vs EDLI: why the EPF life cover usually isn't enough
If you run EPF, your employees already carry a small life cover called EDLI (Employees' Deposit Linked Insurance). It is automatic, but capped at ₹7,00,000 and tied to PF wages — which for most salaried employees falls well short of what a family actually needs.
A Group Term Life plan lets you set the sum assured as a multiple of full CTC — often several times the EDLI ceiling — and runs alongside EDLI rather than replacing it. If you searched for EDLI to understand your obligations, GTL is the richer, employer-chosen upgrade that closes the gap.
Why buy GPA & GTL through Onsurity
Traditional group insurance means an annual lump-sum and a fresh negotiation every time a member joins or leaves. Onsurity replaces that with a transparent per-employee, per-month subscription — a real monthly figure, not an annual bill split twelve ways — and lets you add or remove members mid-cycle as your headcount moves.
GPA and GTL also don't have to sit alone. On Onsurity they bundle with group health insurance, plus wellness and OPD benefits — doctor consultations, discounted medicines and health check-ups — so your team gets everyday value, not just a payout after the worst happens.
When a health claim does arise, settlement is cashless at 10,000+ network hospitals, and HR manages every cover, member and claim from one dashboard. New to the terms? Start with sum insured and cashless claims.
This is an indicative estimate, not a quote
The figures above are directional only and do not constitute a quote, an offer, or a contract of insurance. Actual premiums depend on the age profile of your team, occupation and industry risk class, claims history, chosen policy terms and the insurer's underwriting. Rates and cover are subject to the policy wording and IRDAI-approved terms. For a firm, binding price, request an exact quote.
Frequently asked questions
Group Personal Accident (GPA) pays out only for death or disability caused by an accident, which makes it cheaper. Group Term Life (GTL) pays a lump sum to the nominee on the employee’s death from any cause — accident or illness — so it carries a higher rate. Many employers offer both: GTL as the core life cover and GPA as an accident top-up.
Premium is driven by the sum assured, which here is a multiple of each employee’s annual CTC. The insurer applies a rate per ₹1,000 of sum assured — lower for accident-only GPA, higher for any-cause GTL. Your final rate also reflects the age profile of your team, industry risk class and past claims, so this tool shows an indicative band rather than a fixed number.
For most teams, yes. EDLI (Employees’ Deposit Linked Insurance) is the life cover bundled with EPF and is capped at ₹7,00,000, linked to PF wages. A Group Term Life plan lets you set the sum assured as a multiple of full CTC — often several times higher — and can run alongside EDLI. Employers frequently add GTL precisely because EDLI alone leaves families under-covered.
Traditional group insurance demands an annual lump sum. With Onsurity you pay a transparent per-employee, per-month subscription and can add or remove members mid-cycle as your headcount changes — no year-long lock-in, and no re-negotiation every time someone joins or leaves.
Ready to move from estimate to exact price?
Share your headcount and cover preferences, and we'll return a firm GPA, GTL and group health quote — priced monthly, with the flexibility to add or remove members whenever your team changes.
Get an exact quote