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Group Term Life Insurance (GTL)

Group Term Life Insurance (GTL) is a type of life insurance coverage provided to a group of people, typically employees of a company, members of an organization, or other collective groups. It offers life insurance benefits at a lower cost compared to individual life insurance policies, as the premium is typically paid by the employer or the group itself. GTL provides financial protection to the beneficiaries of the policyholder in case of their untimely demise.

Features of Group Term Life Insurance (GTL)

Benefits of Group Term Life Insurance (GTL)

Who is Eligible for Group Term Life Insurance?

Eligibility typically depends on being part of the group offering the insurance (e.g., a company or association) and meeting certain employment or membership criteria set by the organization or insurer.

Frequently Asked Questions (FAQs)

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