Group Life Insurance

Group Life Insurance Service By Wealth Creation Services

Your employees are one of the most important assets of your business. Group life insurance offers financial security to your employees and group members.

What Is A Group Life Insurance

Just like group health insurance, group life insurance is one of the types of life insurance that covers a group of people under one master policy. These types of life insurance are generally provided as part of an employment benefit. A unique feature of these types of life insurance products is that you will get the insurance cover if you remain a part of the group. It is different from the individual types of life insurance plans in which the coverage continues throughout the chosen policy tenure.

What does Group Life Insurance cover?

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Mumbai, Maharashtra
Our Services are available in Mumbai, Maharashtra and surrounding areas.

Benefits Of Group Life Insurance

Default Insurance Cover

A group insurance policy provides insurance cover to members by simply being part of the group. It ensures basic insurance to cover those who do not have a personal life insurance policy.

2. Gratuity Funding

Employers are aided with a systematic method of building up funds for their future gratuity liability towards the employees. A group insurance policy assists the employers with the same, along with providing life insurance cover to employees, with greater ease.

3. Tax Benefits

Group Term Life Insurance plans offer tax benefits to both employers and employees. As per prevailing Tax Laws, Death benefits are exempt from tax under Section 10(10D), of the Income Tax Act, 1961. Moreover, group insurance plans are doubly effective – in employee welfare as well as retention

4. Customizable to suit employee needs

Group insurance policy coverage can be extended with add-ons like education allowance, repatriation allowance, accidental death and more, thus covering a multitude of benefits along with the base cover

5. No medical check-ups

Employees are relieved from the hassle of going through medical check-ups under Group Term Insurance Plans.

6. Cost-Effective

Since a group plan entails insurance cover for many people, its premium is much lower as compared to individual policies.

Term Insurance

One of the most cost efffective plans

Term Insurance Plan With Return On Premium

Secure your family and get back your premium.

Moneyback Policy

Ensure protection for your family along with options to get money back*

Guaranteed Income Plan

A guaranteed income plan packs a variety of options and benefits that can help you get peace of mind once you retire

Importance of Group Life Insurance Policy

A group insurance policy for employees assures financial assistance and independence to the beneficiaries of the concerned employee, in the event of his or her death. It offers multifarious benefits, from uniform cover to all, to ranked covers to various grades of members. Some group insurance schemes also provide covers for outstanding loans to a group of borrowers, while some come with critical illness and disability benefits.Undoubtedly, a group insurance policy is a smarter way to avail insurance protection against multiple risk factors, let alone life.

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Nathusheth CHS, MMC Cross Road No.5, Mahim West, Mumbai 400016.
B-503, Nathusheth CHS, MMC Cross Road No.5, Near Canossa School, Mahim West, Mumbai 400016.

Contact Details

Phone No: 91 81080 01590
Email: gawde_rajendra40@rediffmail.com
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Our Services are available in Mumbai, Maharashtra and surrounding areas.

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We at , Wealth Creation Services guide you to the right solution with our expertise.

Mumbai, Maharashtra

Nathusheth CHS, MMC Cross Road No.5, Mahim West, Mumbai 400016.
B-503, Nathusheth CHS, MMC Cross Road No.5, Near Canossa School, Mahim West, Mumbai 400016.

Moneyback Policy

Ensure protection for your family along with options to get money back*

Moneyback Policy

Ensure protection for your family along with options to get money back*