Group Life Cover is a yearly renewable cover usually taken out by an employer or registered group on the lives of the employees as a group. A master contract is formed between the insurer and the group policyholder (Employer) for the benefit of the employees.
Why get the Group Life Policy?
- To protect employees against being unable to work due to injury or illness or at worst, death.
- To provide death benefits to the dependents of the employees who die in service. Their families can be provided with help at a time when it is most needed.
- The cover extends beyond accidental and occupational coverage
- The scope is worldwide
- The only exclusion for death is active war participation
Key Benefits
Group Disability Income Insurance
Critical Illness Benefit
Total and Permanent Disability
Group Funeral Expense