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Group Life Policy
Group Life Policy
Group life insurance is a single contract for life insurance coverage that extends to a group of people. By purchasing group life insurance policy coverage through an insurance provider on a wholesale basis
Benefits of Group Life Policy
Group life often has a relatively low coverage amount and is offered as a piece of a larger employer or membership benefit package. Members of a group life policy do not need to submit to a medical examination and are not subject to individual underwriting.
No medical test or screening required
Benefits on long term
What Is Included in Group
Life Policy ?
Since the risk is spread out over a large group of people, the premium rates offered for group insurance plans are very competitive. The group manager reaps the benefits of a group insurance scheme by providing insurance cover to many people conveniently at scale.
Frequently Asked Questions
– Visit the Services page on the website and click on “Sign Up.”
– You will be redirected to an insurance calculator page to find your appropriate cover on clicking.
– Enter your personal information like your name, date of birth, phone number and click the “Calculate Now” button.
– By submitting the details and verification, the insurer representatives will contact you through phone or any other mode. You can choose your benefits and get a quote.
– Once you have finalized the benefits under the insurance plan, pay the premium, and fill the additional details.
– After filling the form, submit the relevant documents required to complete the online insurance purchase process.
– General insurance – further classified as health insurance, motor insurance, home insurance, fire insurance, and travel insurance.
– Life insurance – also categorized as term life insurance, whole life insurance, endowment plans, unit-linked plans, child plans, and pension plans.
While buying online insurance, you are directly purchasing from the insurer, eliminating any intermediaries in between. Since all your data is kept confidential on their secured servers, and your premiums are paid through secured payment gateways, it is safe to buy online insurance plans.
Also, you can be assured of your money going to the safe hands.
Next time you seek to buy an insurance plan, you know that purchasing it online can save your money and time. The following are the benefits of buying online insurance plans:
– Cost savings with a lower premium
– Calculate the amount of premium payable for desired term insurance coverage
– Easy comparison of different plans with different insurers
– Easy to purchase within a few clicks
– Simple documentation and fast processing
What are the benefits of online insurance?