It provides a comprehensive life insurance cover at a lower cost as compared to individual life insurance policies.

Just one master policy covers all employees.

It is easier to cover all your employees as there are minimal requirements for accepting cover.

It is a hassle-free way of securing life cover for all employees at one go.

It enables you to customise the amount of life cover based on requirements like graded cover or flat cover, or certain multiples of annual salary etc.

It offers the possibility of premium reduction over a period of time, with profit sharing and/or experience rating arrangement.

It is a yearly renewable scheme. No long-term commitment.

It offers you the flexibility to add new members or exclude existing members.

It has provision for Accidental death benefit at a very nominal extra cost.

It allows you to increase scope of benefit by adding optional additional benefits like Critical Illness and Accidental Death, Disability and Dismemberment benefits, at a marginal cost.

It is a tax efficient way of securing benefits to employees. Premiums paid by you are not treated as taxable perquisites, for your employee. And for you it is a deductible business expense.

It reduces administrative work, as it is backed by an efficient administrative process.
Premiums can be paid monthly, quarterly, half-yearly or yearly, based on requirements.

Helps employee retention.

Allows employees to contribute part of the premium.