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Shield your employees from life’s unexpected curveballs. Group Term Life cover gives beneficiaries financial security and independence in the unfortunate event of an employee’s demise — under one affordable policy, from ₹145 per employee per month.
*T&Cs apply
Group Term Life insurance is a type of life insurance plan that covers multiple individuals — a group — under one policy. Its main goal is to provide financial protection to the beneficiary if a covered person passes away during the policy term. Plans are usually affordable because the risk is spread across a large group of people.
Term insurance acts as temporary protection — for example, covering financial obligations such as a mortgage, or supporting dependents in the absence of the insured. It offers a reliable support system and peace of mind for both employees and their families. If you are still deciding which covers your team needs first, see how GMC, GPA and GTL compare side by side.
Offered as a standard employment benefit. The employer usually pays the premium, with cover typically set as a multiple of the employee’s salary. Basic cover gives a standard level of protection; supplemental cover lets employees buy additional protection, sometimes with critical-illness or group personal accident riders.
Provided through an association or affinity group (such as a credit union or alumni body), letting members buy cover at a reduced cost.
Extended by lenders to borrowers — it settles the borrower’s outstanding debt if they pass away before it is fully repaid.
Sold to a group such as a corporation or labour union at a discounted cost, with the group then allocating cover to its members.
A win-win for both employees and employers.
Group life plans offer economical cover to each member — usually far cheaper than an individual policy, often provided as a default perk.
Unlike individual policies, group plans typically need no pre-medical screening up to a certain cover limit, and no extensive review of lifestyle or medical history.
The claim process is usually swift and hassle-free — beneficiaries simply submit the required documents to the insurer to start settlement.
Group premiums are typically lower than individual ones, so employers can cover the same number of employees for less.
Group term life acts as a valuable incentive, encouraging loyalty and higher retention across the workforce.
The security and peace of mind the cover provides supports a positive work environment, higher morale and productivity.
Death by suicide is often treated as an intentional self-inflicted injury, and beneficiaries may not receive benefits under the policy.
Injuries sustained during activities deemed dangerous (such as skydiving) may not be covered unless the policy explicitly includes them.
Always review the specifics of your Group Term Life plan to understand the precise cover and any exclusions, so you can make well-informed decisions for your employees’ loved ones.
Confirm with your HR department whether Group Term Life is available and how enrolment works.
Review the sum assured, any additional benefits and any exclusions that apply under the policy terms.
Follow the enrolment steps and provide any required documents, such as proof of employment or identification.
Designate who will receive the benefit, then review and sign the policy — and pay any applicable premium to keep cover active.
Flexible monthly subscription plans for teams starting from 3 members — no large lump sum upfront. Trusted by thousands of businesses and members, with an effortless claims experience handled end-to-end by the Good Doctors team, and comprehensive healthcare and wellness bundled alongside insurance.
Onsurity has paid ₹600 Cr+ in claims across 100,000+ claims — protection your team can count on.
Group Term Life (GTL) insurance is a life insurance plan that covers multiple people — usually a company’s employees — under a single policy. It provides financial protection to the nominated beneficiary if a covered person passes away during the policy term. Because the risk is spread across a large group, these plans are usually very affordable.
Common types include employer-sponsored cover (basic and supplemental), association or affinity group cover, credit life insurance offered by lenders, and wholesale group cover sold to a corporation or union that then allocates cover to members.
Insurers may deny benefits in certain situations — for example death by suicide, or injuries from activities deemed dangerous (such as skydiving) unless explicitly covered. Always review your policy’s terms, conditions and exclusions to understand the precise cover.
Eligible groups include employee-employer groups (the most common), non-employer-sponsored groups such as professional associations and cooperatives, financial institutions covering their customers, and professional groups. Specific criteria and cover amounts can vary by group, and some plans offer graded cover based on salary or grade.
Onsurity offers flexible monthly subscription plans for teams of 3 or more — with no large upfront lump sum — is trusted by thousands of businesses and members, provides an effortless claims experience through the Good Doctors team, and bundles comprehensive healthcare and wellness alongside insurance.
Group Term Life cover for teams of 3 to 500+, from ₹145 per employee per month — affordable premiums, flexible monthly plans and claims handled for you.
Get a term life quote