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Financial security to your employees and their family members

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How does it work

4 Easy steps to buy a group term life insurance


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Why Policynation


Best Price

Transparent pricing & coverages. No unwanted features. Buy what you pay for.

Personal Assistance

Hand holding of employees during claims. Instant Whatsapp support and Chat support.

Admin Access for Employers

Online Portal to view all group policies. Add/Delete Employees. Claim Status view.

Portal Access for Employees

Online Portal to view Claim Status & Policy Details. File a new claim.


Best group life plans at best price


Sum assured 1 - 10 times of salary

No medical test


Tax benefit for employers & employees


Default coverage for all employers


Customized plans


Age from 18 - 70 years


Annually renewable


Premium atleast 50 % lower than retail life policy


Naveen Chava

CEO - IDSign app

Never thought buying a group health insurance and onboarding employees was so simple and easy. Thanks Policy Nation. Best rates, simple & transparent.

Amit Arora

Co-founder - Finnable Credit Pvt Ltd

I am always worried about TnCs when it comes to insurance and PolicyNation is different from others as they give me full transparency and the right advise. Amazed at the way PolicyNation has redefined employees group health insurance for a young start up like ours. Our employees find it clear and easy to use. Thanks PolicyNation team for giving us personalised help in getting our claims processed swiftly.


Founder & Director - Deltaphi Tech Pvt Ltd

Policy Nation has helped us with suggesting optimal  insurance coverage for our team and insure our team for Medical, Covid and accident insurances. Policy Nation supports our employees especially when they need help most.

Ar. Shubhra Mittal

Director - ARINEM Consultancy

Absolute breeze from buying our group health policy to filing of our claims, Policy Nation has really UNCOMPLICATED the whole process. Kudos to the team PolicyNation for defining group health insurance.


Director - CI Global Solutions

Policy Nation has simplified the process of providing the best possible health insurance for our employees. We get timely support for all our claims. We are happy to have chosen Policy Nation for our insurance needs.

Anisha Dalal

Director - Hapag Lloyd Global Services

We have been associated with Team Policy Nation for 5+ years and it has been a delight working with them. They are very delivery focused and customize their offerings to our requirements. Team Policy Nation consistently reinvent themselves to make life simpler and easier for us without compromising on our need of cost efficiency.

Ashwinth J S D

Salem Technologies Pvt Ltd

We have been using policy nation's services for a year now. They are knowledgeable and experienced and have helped us navigate the field of employee insurance and office insurance. Every case & claim is treated with care. We are very happy having them as our insurance partners.

What is a Group Term Life Insurance policy?

Group Term Life Insurance Policy (GTLI) is a customised plan that offer life insurance cover to a group of members/employees under a single policy. A group insurance policy is not restricted to merely employer-employee groups and is also customised for other groups such as customers of banks, NGOs, professional groups, non-banking financial institutions, and microfinance institutions.

In an event of death of any member/employee covered under a group term life insurance policy, the nominee of the concerned member/employee is assured of financial assistance to the extent of Sum Assured for that member/employee.

The sum assured under the group term life insurance may vary from member to member or can be a uniform sum assured for all members/employees covered under a policy. For employees, the sum assured can be a multiple of their yearly salary and for a group of borrowers, the sum assured can be the outstanding loan amount at the time of death. One of the benefits of term life Insurance is, additional covers like critical illness and disability benefits can be added to a Group Term Life Insurance policy.

Benefits of Term Life Insurance

  • Default Insurance cover for all members
  • Tax benefit to the employer
  • Tax benefit to the nominee of the member/employee under Section 10(10D) of the Income Tax Act, 1961.
  • Customised plan
  • No Medical Check Ups required
  • Cost effective

What are the Key Features of Group Term Life Insurance?

  • Provides life coverage to multiple people under one policy.
  • Premium is either paid entirely or the large sum is paid by the employer.
  • The group term life insurance policy is renewable on an annual basis.
  • As all the employees get free life cover, the actual cover becomes limited and is dependent on the factors such as risk class and the group size.
  • The sum assured is paid to the nominee on the death of the covered individual.

Types of Term Life Insurance

  • The two types of Term Life Insurance are
  • i. Contributory
    ii. Non-contributory
  • In the first scenario, the employee contributes to the plan by covering a portion of the premium while the company pays the remaining amount.
  • In the second scenario, the company fully covers the cost of the insurance premium.

How does a Group Life Insurance plan work?

  • A group administrator is issued a master policy upon which he pays an initial premium.
  • This initial payment covers all the members of the group for a tenure one year.
  • An option to choose the sum assured is provided to the members of the group at the start of the policy.
  • All the members are covered for a tenure of one year from the date of commencement of the policy.
  • The group term insurance plans are annually renewable .
  • The premium is charged based on the size, age, gender and sum assured opted
  • Additions and deletions of members take place on the monthly basis from the date of joining or relieving of the member.
  • Any additional premium left after adjusting addition or deletion of members is refunded to the master policy at the end policy term.