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Büyükdere Caddesi

Levent, 34330 İstanbul

Tel: (0 212) 336 76 00
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Group Life Insurance

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.

  • Any employee aged 18 to 65 is eligible to be covered.
  • At least 10 employees should be covered under a group life insurance policy.
  • The insurance period is one year. The insurance policy will be renewed annually at your discretion.

Coverage of Group Life Insurance Policies

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 natural death
  • Coverage for loss of life due to accidents
  • Coverage for loss of life due to accident on public transport

Coverage for Critical Illnesses

  • Coronary vascular diseases, requiring surgical operation
  • Stroke due to illness
  • Cancer
  • Heart attack
  • Renal failure
  • Critical organ transplants
  • Paralysis

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 As Part of Group Life Insurance

Services Offered Before Launching Group Life Insurance:

  • Informing company officials about Group Life Insurance
  • Designing the Group Life Insurance Plan
  • Identification of the personnel to be included to the policy
  • Preparing the proposal
  • Determining premium payment terms
  • Creating the Group Life Policy

Services Offered After Launching Group Life Insurance Plan:

  • Customer relations team ready to assist with an “Excellent Customer Satisfaction” approach
  • Reconciliation on collections
  • Preparing and submitting receivable lists
  • Performing required policy transactions
  • Communicating transaction details via email and mail

Tax Advantages Applicable to Group Life Insurance

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;

  • 10 percent of the monthly gross salary of the employee for private pension
  • 5 percent of the monthly gross salary of the employee for life insurance

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.