Group term life pays a lump sum to an employee’s family on death during service. Cover is usually set as a multiple of salary or a flat sum across grades, and the premium per employee is very low.
For many employees it is the only life cover their family has — which is why the sum assured deserves a real conversation, not a default.
Who needs this cover
- Employers of any size above the minimum group
- Companies with statutory or contractual death benefit obligations
- Organisations formalising their benefits policy
Key benefits
- Low per-employee premium
- No individual medical tests up to the free cover limit
- Cover automatically adjusts as the workforce changes
- Simple, single-policy administration
What is typically covered
- Death benefit during service
- Optional accidental death and disability riders
Eligibility
- Minimum group size as specified by the insurer
- Employee data furnished and updated at renewal
Key exclusions and limitations
- Cover ends when employment ends
- Suicide clause as per the group policy terms
Exclusions differ between insurers and product variants. Always read the policy wording for the exact list.
Claim information
The employer intimates the claim and we handle the documentation with the insurer, so the family is not asked to navigate it during bereavement.