Novo Insurance - Professional Insurance Services

Group Term Life Insurance (GTLI)

Type: Corporate Insurance | Category: Employee Benefits

Policy Details

Learn more about the Group Term Life Insurance (GTLI) policy.

Group Term Life Insurance (GTLI)

Description

A life insurance policy that pays a lump-sum benefit to an employee’s nominee in the event of their death during the policy term.

What is This Policy?

GTLI provides life cover to employees, giving peace of mind to their families in case of untimely demise. It reflects a company’s commitment to employee welfare.

What is Covered

This policy provides a lump-sum payout to the nominee in case of the employee’s death, whether natural or accidental, during the policy period. Some policies also offer optional coverage for critical illnesses or accidental disability, based on employer preferences.

Who Should Buy

Suitable for corporates of all sizes as part of CTC, Especially valuable for companies in high-risk or large-scale employment sectors

Key Features

  • Affordable premiums for high coverage
  • Can be linked to employee's salary
  • 24x7 worldwide coverage
  • Simple onboarding with no medicals for basic cover

Get in Touch

Request a free consultation for the Group Term Life Insurance (GTLI) policy.

Contact Information

123 Financial District, Hyderabad, Telangana 500032

+919100509675

info@novoinsure.com