GROUP LIFE INSURANCE

Group Life Assurance Schemes

Group Life Assurance schemes provide insurance cover for death-in-service of employees for the benefit of the employees dependents or beneficiaries. The product may also include a funeral insurance benefit as a rider.

 Premiums under this product may be paid annually in advance, half yearly, quarterly or monthly at the convenience of the Employer

Product Benefits

Options available under the production.

Disability Benefit

The product may also include a disability benefit which is payable in the event of total and permanent disability of the life insured. The amount payable as disability benefit is equivalent to the sum assured

Critical Illness Benefit

Critical illness Benefit covers will pay out a lump sum if you are diagnosed with a certain illness that is named in the policy. E.g Cancer, Stroke, Heart Attack and Coronary Artery Bypass Graft