Group Life Insurance
Employer-administered term cover for employees on a master policy.
Understanding Group Life Insurance.
Group Term Life provides a lump-sum death benefit to the nominee of every covered employee through a single master policy. It is the most cost-efficient way for organisations to provide meaningful life cover as part of a benefits stack.
GTL premium per employee is a fraction of an equivalent retail term plan — because the insurer underwrites the group rather than the individual, and risk is averaged across the cohort.
What's actually inside this cover.
- Single master policy administration
- Free cover limit underwriting
- Grade-wise or flat sum assured
- Critical Illness (CI) and Accidental Death Benefit (ADB) riders as opted
- Death of any covered employee
- Accidental death and disability if opted
- Critical illness if opted
Actual cover is subject to insurer wording, sub-limits, deductibles and exclusions. Please read the policy wordings carefully before concluding a sale.
How we place it.
One team — from the first conversation to the first claim.
- 01
Profile and exposure review with a Labdhi expert
- 02
Wording, sub-limit and pricing comparison across leading insurers
- 03
Cover binding with the optimal terms and add-ons
- 04
Renewal review and end-to-end claims support
When it actually pays.
Illustrative scenarios — real outcomes depend on insurer wording.
Employee passes away during service; sum assured paid to nominee.
Accidental death triggers the Accidental Death Benefit (ADB) rider, doubling the payout.
Critical Illness (CI) rider payout on diagnosis of a listed illness.
Why Labdhi for this?
As a licensed insurance broker, Labdhi compares wordings, sub-limits and pricing across multiple insurers, structures the policy around your real exposures, and supports you end-to-end through documentation, renewals and claims.
Is your Group Life Insurance cover actually enough?
Most people discover the gap in their protection at the worst possible moment — at claim time. Shield360™ is our 4-minute risk profiler that scores your long-term protection, highlights gaps, and gives you a personalised report you can download.
- Protection Score
A single 0–100 number showing how well-covered you really are.
- Gap Analysis
Identifies under-cover across life, health, income and assets — instantly.
- Downloadable Report
Branded PDF with your scores, gaps and suggested next steps.
More in Group & Employer Life.
Fund and insure your statutory gratuity liability for employees.
Fund your accumulated leave-encashment liability through an approved scheme.
Retirement income planning through approved superannuation schemes.
Protect your company against the financial loss of losing a key person.