Employees are the most valuable asset in every company. Offering Group Term Life insurance as part of their benefits helps keep them healthy, motivated, happy and worry-free. It gives them the peace of mind for themselves and their loved ones, in the case of unfortunate events.
Create customized company coverage for a minimum of 10 employees with Forte Life’s Group Term Life insurance policy. Under this package, we offer yearly renewable term assurance with affordable premiums and more than USD1,000,000 claim payouts in a year. It also provides one lump sum payment to an employee’s family in the case of accidents covered by the policy.
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Cost-effective and affordable premiums
As a group insurance plan, this product offers a cost-effective premium compared to other types of life insurance.
Customized group insurance plan
As a corporate employer, you have the freedom and flexibility to reward employees with extra benefits depending on their age, salary, position, and seniority within the company.
Minimum medical examination
Members do not require a medical examination as a prerequisite for acceptance into the Group Term Life Plan.
Higher Sum Assured
The Sum Assured is much higher compared to that granted in an individual life plan.
Worldwide 24-hour coverage
This plan offers worldwide 24-hour coverage for insured events.
The Group Term Life insurance premium is allowed as a tax-deductible item.
How can I calculate the sum assured for my corporate employees?
You can choose to insure all your full-time, active working employees using of the following 3 ways:
As an employer, this package gives you a lot of flexibility to tailor a plan based on your employee’s needs, size, company structure, and financial budget.
In addition, new employees joining the company may be added easily and those who leave may be removed on a monthly basis. This ensures that all active, working, full-time employees are covered once the plan starts.