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Group Life Insurance

Protect your employees 24 hours a day, 7 days per week with group life insurance.

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4.6/5

Why choose the Thaiger?

We understand how important employees are to the growth and development of a corporation or organisation, which is why we are here to assist you in choosing the right group life insurance that will greatly support your employees. We simplified everything for you, and you can get your coverage online, in just a few simple steps.

What is Group Life Insurance?

Group life insurance covers an entire group of people in a single policy. The policy owner is typically an employer, and the policy covers their employees. Group life insurance is usually provided as part of a complete employee benefits package.

Group life insurance provides financial security to the employee, ensuring that they feel secure and have financial stability once they retire from the company.

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What You Need to Know About Group Life Insurance

Win the hearts of your employees by giving them the care and protection they need. Below are things you need to know about group life insurance.

Flexible Premiums

We recognise that everyone’s condition is different. That’s why group life insurance has adjustable rates depending on your company’s nature and your employees’ activities.

Adaptable Coverage

You can add a number of benefits to your group life insurance policy, easing the financial burden of medical care.

No Medical Check-Ups

Your employees don’t have to get through a medical check-up to be eligible for group life insurance.

Cost-Effective

Group life insurance is more cost-effective since many people are covered under one single policy, reducing the associated administrative costs.

Benefits of Group Life Insurance

Having group life insurance for your company is the perfect plan that would benefit both your company and employees. Since we understand that your employees are the lifeblood of your business, we also understand the importance of tailoring the coverages to your specific needs. Here’s how group life insurance can benefit you and your employees.

Provide Welfare For Employees and the Company

If employees are well-cared for, it gives your company a positive image. It demonstrates that the workers are given special attention and are respected. Furthermore, it fosters healthy relationships between employers and workers.

Ease of Premium Payment

The payment of group life insurance premiums can be made very easy for you your employees. They will never miss paying since it will simply be deducted from their salary account. In some cases, they don’t have to pay at all.

Gratuity

If you want to give your employees gratuity benefits after completing a certain number of years of service at your company, group life insurance can help you do it. The insurance allows you to build funds so that you can offer a gratuity benefit to your employees.

Tax Benefits

Certain types of group life insurance offer tax benefits to both employers and employees.

Customer Ratings





4.6/5

15 reviews

Customer Reviews

8/1/2021

Had a really good experience with the Thaiger. Everything was made easy and simple. I asked a lot of questions and they answer each one of my questions perfectly. They made sure I understand everything and helped me choose the best policy for my needs.

Eliza Williams



7/1/2021

Thank you, the Thaiger, for your information. I really admire the job you’ve done. Great operation, will be used again if I have chance in the future.

Malizza



17/1/2021

The team was so polite and explain everything clearly. The application process was done very fast.

Eric Hunt



20/1/2021

I had to call twice because of an issue. Both times, I was greeted by a person who was both polite and professional.

Annie Glenn



22/1/2021

Extremely professional support team. They’re supporting me through the entire procedure and kept me in the loop. The service was very effective and informative. I highly recommend the services of the Thaiger.

Kim P.



3/2/2021

Thank you, the Thaiger, for helping me out with my life insurance. They provide a wide range of coverage for me and my employees. The comparison list they gave was very comprehensive, making it easier for me to choose the right insurance for my business.

Wang Yong Lim



Types of Group Life Insurance

There are three basic types of group life insurance; each offers different coverage and premiums. You can have any combination of coverage for your workers. Read all of the details and choose the one that best fit your needs.

Group term life insurance is the most common form of group life insurance. It’s usually provided to the employees in the form of a one-year, annually renewable term insurance policy. When the policy is up for renewal, the employer can determine whether to continue. The rates may increase upon renewal.

The costs of group term life are usually paid totally or partly by the employer.

Key Points

  • Flexible, can be tailored to the unique needs of your company.
  • Employees have the option to buy additional coverage, usually through payroll deductions.
  • Can be made avaliable to the employee’s spouse and dependents as well.

Group universal life insurance combines the benefits of term life and whole life insurance. You have the option to pay for the life insurance premium only or also make payments that build cash value, above the premium cost.

Key points

  • Coverage can be extended to age 100.
  • Optional cash value account.
  • Coverage for dependent is usually available as a rider.

Variable group universal life insurance combines future protection with a tax-deferred investment feature that your employees can use in the present. It includes flexible insurance, a guaranteed account, and optional investment options.

Key points

  • Option for investment.
  • Coverage for dependant is usually available as a rider.
  • Coverage can be extended to age 99.

Help your employees feel more comfortable and protected, with group life insurance.

If you’re a business owner who isn’t familiar with insurance, we will answer all of your questions and provide you with the help you need. There are a number of group life insurance policies available to meet the needs of you, your employees, and your business.

Top tip: Determine what your company really needs and choose your life insurance accordingly.

Group Life Insurance Rider

You can buy a rider to include in your group life insurance. Purchasing a rider means paying extra, but the additional premium is usually low. Here are some of the most common group life insurance rider that insurers may offer:

Accidental Death
This rider pays out an additional amount of death benefit to your employee’s beneficiary if your they as the result of an accident.

Waiver of Premium
With a waiver of premium rider, future premiums are waived if your employee becomes disabled in a significant way.

Critical Illness
If an employee is diagnosed with a critical illness, such as cancer or heart attack, this rider pays them a fixed sum.

Join the many satisfied customers who’ve got their Group Life Insurance with the Thaiger

Other Related Products

Besides Group Life Insurance, there are other life insurance types to fit your needs and budget.

Over 50s Life Insurance

This type of insurance are designed specifically for those over the age of 50. It guarantees financial protection for your loved ones if you pass away.

Read More

Whole Life Insurance

Whole life insurance is also known as permanent life insurance.It invests the money that you pay in premiums. This fund serves as a savings account from which you may withdraw or borrow for a variety of reasons.

Read More

Life Insurance with Pre-Existing Medical Conditions

Do you have any pre-existing medical condition and worried that you don’t qualify for life insurance? Well, life insurance with pre-existing medical conditions are for you.

Read More

Term Life Insurance

Term life insurance is a type of life insurance that guarantees payment to your beneficiaries if you die during a specified term.

Read More

Types of Group Term Life Insurance

Group term life insurance has three types. These include:


Basic Group Term Life

This is the most common coverage. Providing basic coverage, basic group term life usually paid for by the employer. The premiums are considered to be an employee income tax-free benefit.

Supplemental Group Term Life

Employers can offer supplemental group term life in conjunction with a basic term life policy. It provides the flexibility to your employees to purchase additional amounts of coverage. Your employee has the option to choose the type and amount of coverage to suit their personal needs.

Portable Term Life

If your employee leaves the group or retires, they can take portable term life insurance to continue their insurance protection until they reach a certain age, usually 70. They can make their payment directly to the insurer.

Life Insurance with Pre-Existing Medical Conditions

Wondering if you can get life insurance with a pre-existing condition? The answer is, yes, you can!

While living with a chronic health condition often means you have to adjust to a new normal, it doesn’t mean that you don’t qualify for life insurance. Our life insurance with pre-existing medical conditions is specifically designed for those who already have any health issue before applying for insurance coverage, whether it is heart disease, cancer, or autism.

Enquire now to learn more about your options and how to get covered.

Frequently Asked Questions About Group Life Insurance

Companies that are entitled to obtain welfare benefits for their workers must meet any of the following requirements:

-A corporation with a legal entity.

-The organization has more than 10 full-time staff, ranging in age from 15 to 65, who are stable as of the effective date of the insurance.

-According to the Social Security Act, workers must be able to self-insure in the social security scheme.

-If a company pays all of the premium interest, all eligible workers must apply for the insurance. When employers pay a portion of the premium, the insurance plan must cover at least 75% of those who are eligible.

All qualifying workers must qualify for insurance if an employer pays all of the insurance interest. When employers pay a portion of the premium, the insurance plan must cover at least 75% of those who are eligible.

A type of life insurance in which a single contract protects an entire group of people is known as group life insurance. The policy typically includes the workers or members of the association, and the policy owner is usually an employer or an agency such as a labour union.

Since group coverage is related to employment, it will end if you change jobs, stop working for a period of time, quit to start a business or retire.

The following claim documents must be sent to the Company.

A Declaration of Claim (completed by the Insured)

A hospital report or a doctor’s report (giving details of the treatment)

a copy of the insured’s identity card

The initial receipt with a list of expenses on the cover page

To qualify for small business health benefits, a corporation must have between one and fifty employees. If you have more than 50 employees you’ll need to qualify for broader company coverage.

Employee health insurance is more affordable than group health insurance for the vast majority of small businesses due to the scale of the risk pool. Private health insurance spreads the burden to a much broader group of people.

Inquire Now to Receive your Group Life Insurance

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