Group Life insurance covers death of the employees due to any cause and also disability due to accident or sickness.
Group Means a Homogenous group – normally for all employees of a company without selection.There must be a minimum of 15 employees to be covered and the employer is the one who insures their employees.
Group Life is for employees above 18 years of age and below 65 years of age. The cover ceases on employee attaining 65 years of age and the scope of cover is Worldwide for 24 Hours.
Category of employees are categorized according to nature of their occupation. Briefly