What is Group Term Life?

It is a Group Life Insurance plan

  • for employers, labour unions or associations to invest for their employees/members
  • that requires more than 5 people (15 – 60 years of age) under a single policy
  • that offers yearly renewal plans

Why is this important to you?

As a policyholder i.e.

  • employer
  • labour union
  • association
     

you have a tool which:

  • builds strong bonds with your employees/members
  • encourages, motivates and increases the efficiency of your employees/members
  • reduces human resource expenses and alleviate employee/member turnover rate
  • helps reduce company’s corporate tax
  • provides stability for insured members and their family
  • it ensures a benefit for the family of insured members  to ease any burden caused by unexpected death

This is suitable if you want

  • Guaranteed protection with low premiums for your:
    • employees
    • union or association members
       

This is not suitable if you want

  • Group products for less than 5 employees (fulltime)/members 

Key coverage

  • Loss of life
  • Tax deductible

Variety mode of premium payment of monthly, quarterly, semi-annually, yearly.

Allow to attach riders for more coverage

Underwriting is reserved and contrived accordance with company's regulation. Representing herein is only concision benefits. The complete term and coverage will be indicated in the policy the insured purchases.

Get it now

Important information

Underwriting is reserved and contrived accordance with company's regulation. Representing herein is only concision benefits. The complete term and coverage will be indicated in the policy the insured purchases.