Group Yearly Renewable Term (GYRT)

  • DEATH BENEFIT – CBLIC will pay the amount of insurance of an assured individual to his/her designated beneficiary in the event of his untimely death during one year period coverage.
  • EFFECTIVITY OF COVERAGE—any day of the month following approval of the group policy application and the payment of its initial premium due.
  • Rates are computed based on the number of employees and the nature of their occupation.