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Life Insurance

Group Term

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Group term life insurance policy refers to the insurance coverage that is provided to a group of people. Group term life insurance schemes offer financial independence to the concerned employee’s family in the event of death.

It is intended to provide monetary guarantee to the beneficiary of the covered under the group term life insurance plan in the case of death of the insured.Group term life insurance schemes have become a fundamental constituent in benefit packages presented to employees by employers.

In fact, most fraternal providers offer group term life insurance to its members.Life insurance is an essential product for persons who have financial dependents.



Premium on group term insurance can be paid entirely by the employer.Members under the scheme are also allowed to make contributions towards the premium of the scheme.

Double Accident benefits

For an extra premium, double accident benefit is provided to the insured in the event of an accident. This comes excluding the permanent disability benefit.

Salient Features

Group term life insurance schemes have a lot of attractive features which make them ideal for employee benefit packages. Following are few of the many features of group life insurance schemes

Who is Eligible for Group Term Life Insurance Policies?

Group term life insurance policies are offered to the following sections of people:

There are many varieties of group term life insurance policies.Following are some examples-

Note : Policy details offered are indicative, not exhaustive. Please contact your nearest Arunaya office for further details.