Novo Insurance - Professional Insurance Brokerage Services
Coming Soon Under development — launching soon with full functionality
Coming Soon Under development — launching soon with full functionality
Coming Soon Under development — launching soon with full functionality
Coming Soon Under development — launching soon with full functionality
🛡️ Employee Benefits

Group Term Life Insurance (GTLI)

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.

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Group Term Life Insurance (GTLI)
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About 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's 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.

Key Features

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