Group Life
Group Life Assurance Cover is offered to a group of people. It is usually provided by an employer to its employees or taken by groups of people with common interests (affinity groups).
BENEFITS
The family’s financial future is secured as the benefits are paid in case the member dies
The cover provides peace of mind and reassurance
Premiums paid on an employee’s behalf by the employer are not treated as taxable benefits
Compliance with the law (Pension Reform Act 2014)
Group Life Features
24 hour mortality cover devoid of geographical limitations
Risk cover against death from any source
Instant financial assistance for dependants of the deceased
Option of higher risk cover or differential risk cover for employees in different job roles and grades
Optional Benefits to enhance risk coverage
Accidental death cover
Permanent disability benefit (equal to SA)
Accidental Medical Benefits
Critical Illness Benefits & Funeral Expenses
