To sustain the economic and financial life of the dependents of the deceased in the event of their benefactor’s untimely death.
Compliance with the law.
Tax rebate.
Cheaper cost because of group rating.
Employers are relieved of the cash strain that may arise from paying the death benefit of a staff as compelled by the Pension Reform Act 2014.
Additional/optional covers including critical illness cover, funeral expense cover.
KYC
Proposal Form
Valid Card
Q. What is the age limit for the purpose of Group Life Assurance?
A. Age 65
Q. Is it the same as the employee’s compensation policy?
A. They are not the same.
Q. Any maturity benefits available?
A. No maturity benefit available as the benefit is payable on death.
Q. Is the policy only for employers of labor?
A. No. Clubs, Societies, and Associations can take it for their members.
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