Group Life insurance is designed to protect the employees of a company in the event of an early death.The family in most cases will get a lump sum at the death of the Life Assured.

It covers a family's sudden drop from its accustomed standard of living after the death of the breadwinner by providing continuous flow of funds for the living spouse and allocating income funds for the children's education.

It also provides a retirement income throughout old age and serves as a reliable savings plan for the future.