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INSURANCE · RISK · ADVISORY

Group Term Life Insurance.

Protection structured around real-world risk.

Essential corporate life protection providing pure financial security to employee families in the event of untimely demise, featuring 24x7 worldwide coverage and allowable tax deductions for employers.

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Thoughtful advice. Clear options. Support through the policy journey.
Corporate workforce team, employee welfare protection and group term life insuranceGITVISHA · RISK ADVISORY
Risk, understood.Start with what matters
Cover that fitsSubject to policy terms
CRITICAL VULNERABILITIES & EXPOSURES

Real-world risks this policy is engineered to solve.

Commercial and personal risks rarely follow idealized assumptions. These are the critical financial pitfalls, claim traps, and operational vulnerabilities that proper policy structuring actively mitigates.

High-Impact Vulnerability01

Inadequate Free Cover Limit (FCL) Leaving Key Staff Uncovered

Off-the-shelf group policies imposing low Free Cover Limits, requiring senior executives and high earners to undergo intrusive individual medical tests.

Impact: Delays or failure to complete medical underwriting leaves key employees underinsured or unlisted at the time of an untimely loss.
Policy Solution: Customized group underwriting with elevated non-medical FCL thresholds based on collective organization headcount and payroll demographics.
High-Impact Vulnerability02

New-Hire Coverage Gaps & Census Reconciliation Delays

Quarterly or annual HR census updates leaving newly onboarded employees unlisted during their initial 30 to 60 days on the job.

Impact: A tragic death during probation is rejected by the insurer due to non-inclusion in the active membership schedule.
Policy Solution: Automated monthly census synchronization with a 60-day retroactive buffer cover for all confirmed joined personnel.
High-Impact Vulnerability03

Nominee Documentation Bottlenecks During Tragic Loss

Missing or outdated nominee records in employer HR records leading to legal heir disputes and court succession certificate hurdles.

Impact: Distressed employee families facing 12+ month delays in death benefit disbursement during peak financial distress.
Policy Solution: Digital nominee KYC pre-validation during onboarding and dedicated Gitvisha claim advocacy ensuring disbursement within 14 business days.
UNDERSTAND YOUR OPTIONS

Protection begins with the right questions.

These are discussion points, not a promise that every risk is covered. Final cover depends on policy wording and insurer acceptance.

01

Natural and Accidental Death Benefit

High sum insured lump-sum settlement to designated family nominees

02

24x7 Worldwide Coverage

Complete protection on-duty, off-duty, during domestic commuting, and international travel

03

Terminal Illness Acceleration Rider

Up to 50% advance payout of sum insured upon certified terminal medical diagnosis

04

Accidental Death & Dismemberment (AD&D)

Double indemnity benefit providing 2x compensation for accidental fatalities

WHO IT MAY SUIT

Built around your real-world exposure.

The right structure starts with understanding your assets, operations, people and contractual responsibilities.

Corporates, IT/ITES firms, and knowledge enterprises upgrading workforce welfare benefits
Manufacturing facilities and industrial plants with factory floor or contractual staff
Startups and high-growth SMEs building competitive talent acquisition compensation packages
Financial institutions and lenders protecting group borrowers and employee loan liabilities
BEFORE YOU CHOOSE

Details that make a difference.

Compare more than price. Review limits, deductibles, exclusions and policy conditions.

Discuss your requirement
01

Accurate employee census records including date of birth, designation, and salary structure

02

Free Cover Limit (FCL) optimization to minimize compulsory medical checkups for employees

03

Suicide exclusion waiver after year one, mid-term addition/deletion pro-rata adjustment rules, and nominee KYC records

GOOD TO KNOW

Questions, answered.

Need more clarity? Send us your requirement and our team can help explore the next step.

Ask our team
What is Free Cover Limit (FCL) in Group Term Life Insurance?

Free Cover Limit is the maximum sum insured provided to employees without requiring individual medical examinations. Gitvisha negotiates generous FCL thresholds with top insurers based on group size and demographic spread.

Are employer premium payments tax-deductible?

Yes. Premium paid by employers for group term life insurance is treated as a 100% deductible business expense under Section 37(1) of the Income Tax Act. Death benefits received by employee nominees are completely tax-free under Section 10(10D).

How does Group Term Life differ from Group Health Insurance (GMC)?

Group Health Insurance (GMC) covers hospitalization and medical treatment costs during illness. Group Term Life (GTLI) provides a substantial financial payout directly to the employee's family in the tragic event of the employee's death.

LET’S TALK ABOUT YOUR RISK

Make your next decision with more clarity.

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A conversation focused on your needs
Options subject to underwriting
Clear next steps, without pressure

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