Group Term Life (GTL)
Life insurance benefits that provide financial security to employee families.
Overview
Ace designs Group Term Life (GTL) policies that offer lump sum death benefits to employee nominees. Plans can be structured on a flat-sum or salary-linked basis, and may include riders like critical illness or accidental death benefit (ADB).
Key Features
- Flat or graded sum insured options
- Coverage during and outside of working hours
- Optional critical illness and ADB riders
- Simplified onboarding and minimal documentation
- Tax-efficient structure under Section 10(10D)
Why Ace
We help companies offer meaningful life cover while ensuring ease of administration. Our GTL solutions can integrate with existing group insurance plans for seamless employee onboarding