Group Yearly
Renewable Term (GYRT) is a yearly renewable plan that
provides affordable insurance protection for members of a defined
group such as employees of a company and members of associations.
This product can also be used to cover insurance of outstanding
loan for a group of borrowers.
With GYRT, you show your employees you value their contribution,
and
give them peace of mind through security for their family and
stable coverage in the workplace.
For
additional protection you may avail of the following riders:
Total and Permanent Disability
(TPD)
Total and Permanent Disability (TPD) is a yearly
renewable group rider which pays a monthly amount should
the insured member suffer from total and permanent disability
while this rider is in force. This benefit is designed for
Group Yearly Renewable Term (GYRT) to aid in daily expenses
and needs of the individual and as a means of financial
support for the individual and as a means of financial support
for individual member's family.
Accidental Death and Dismemberment
(ADD)
Accidental Death and Dismemberment (ADD) is a yearly renewable
group rider available for Group Yearly Renewable Term (GYRT).
With this group rider, the Insured member receives additional
coverage for accidental death.
This group rider also provides for dismemberment benefits.
Should the insured member suffer a loss by dismemberment
of a specified bodily part, a corresponding percentage of
the ADD coverage will be paid accordingly as compensation
of such loss.
Benefit Enhancer Rider (BER)
Benefit Enhancer Rider (BER) is a yearly renewable group
rider available for Group Yearly Renewable Term (GYRT) which
offers low cost additional life benefit to augment the insured
member's basic coverage. This specified amount, paid to
beneficiary, can be used to defray interment costs and burial
expenses, as well as help support the insured member's beneficiaries.
Group Fund Rider (GFR)
Group Fund Rider (GFR) is a non-participating rider that
allows the insured members to make "advance payments"
through contributions to a fund.
