Employee Benefits

GTL & GPA

 Group Term Life Insurance (GTL)
 A term insurance provides life cover for a definite period of time. If the insured person
expires while the policy is in place, the nominee will receive the benefit amount.
 Group Terms Life Insurance/GTL policy covers a homogeneous group. Normally, a
company takes this to cover the financial loss to its employees or their family members
in the event of Death/ Accidental Injury, etc.
 Group Terms Life Insurance/GTL is a pure Term Insurance policy that provides for
financial assistance to its employees or their family members.

Benefits
 Proposer is providing the employee and its family members peace of mind
by providing their employees this cover
 Employees get the advantage of life cover if they don’t have a personal
one
 Employee’s families get financial security in case of an eventuality
 Group Term Life Insurance Policy Issued
from ICICI Prudential Life Insurance Co. Ltd.
Covers

SUM ASSURED CRITERIA BASE TERRORISM CLAUSE SUICIDE CLAUSE

ACTIVELY AT WORK CLAUSE

5 TIMES OF ANNUAL CTC APPLICABLE APPLICABLE APPLICABLE

 Group Personal Accident / GPA
 The group personal accident policy is a type of group insurance policy
which offers financial protection against any accidental injuries, accidental
disability or accidental death.
 A personal accident insurance offers benefits only when there is death or
total permanent disablement, partial permanent disablement and
temporary total disablement caused by an accident. It does not take into
account death caused by natural reasons.

Benefits of GPA
 Death
 Permanent Total Disability
 Permanent Partial Disability
 Temporary Total Disability
 Temporary Partial Disability
GPA Policy Issued From Religare
Covers:-
 AGE BRACKET :- 18 to 65
 MEDICAL BENEFITS / Medex :- 10% of the sum insured or 40% of the
admissible claim amount or actual, whichever is less, in case of accidental
hospitalization only.
 TEMPORARY TOTAL DISABILITY:- Weekly benefit is restricted to 2% of the sum
insured or actual weekly salary or Rs.5,000.00 per week, whichever is less, for
maximum upto 104 weeks
 PERMANENT TOTAL DISABILITY ( PTD):- 100% of the Sum Insured
 PERMANENT PARTIAL DISABILITY (PPD)
 TERRORISM CLAUSE:-
Thank You !