In addition to the private plans, Group Life Insurance enables you to provide your employees and their families with financial coverage against unexpected occurrences such as loss of life, disability or critical illness.
Coverage for Loss of Life
Coverage for loss of life protects the insured person’s beneficiaries against the risk of death of the policyholder.
Coverage for Critical Illnesses
Coverage for Disability
Disability coverage protects the policyholder against the risk of permanent disability due to an accident or illness.
Coverage for Medical Expenses Due to Accident
The coverage for medical expenses due to accident covers the policyholder against medical expenses arising as a consequence of an accident.
Coverage for Daily Benefits Due to Accident
In the event that the policyholder temporarily loses his/her capacity to work due to an accident, he/she will be paid daily benefits.
Services Offered Before Launching Group Life Insurance:
Services Offered After Launching Group Life Insurance Plan:
You can reduce the cost of the premiums you pay on behalf of your employees with the tax advantages offered by the government.
In respect of the life insurance premiums paid on behalf of employees, tax deduction may be applied provided that the premium amount does not exceed 5 percent of the salary earned within the month it is paid and that the total sum of the premiums paid throughout the year does not exceed the annual gross minimum wage.
In the case that private pension plan contributions as well as life insurance premiums are paid by the employer and/or the employees, tax deduction may be applied provided that the premium amount does not exceed;
Also, it may not exceed 10 percent of the monthly gross salary of the employee in total and the total sum of the premiums paid throughout the year must not exceed the annual gross minimum wage.