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Group Life Insurance

In recruiting and retaining top quality employees, you will want to offer employee benefit packages that provide your team with value. As the most important safeguard, offering life insurance to your employees can give you both a competitive advantage and encourage your team to remain loyal and true to your company. Employees that are confident in the future well-being of their family will show their gratitude in the form of productivity.

Group Life Assurance Scheme provides for a lump sum to be paid in the event of death of a member of the Scheme before attainment of retirement age, provided he is still in the service of the employer. This cover enables the employer/scheme holder to alleviate the financial distress that might befall the dependents of an insured member upon his/her death.

The benefit is usually expressed as a multiple of salary (e.g. 3, 4, 5 times salary) and the arrangement ensures that cover grows with the employee in the sense that it increases with increments in the employee’s salary.

Information Required
We shall provide you with a quotation upon submitting the following details or information
•    The current salaries of the employees
•    Their dates of birth
•    The desired levels of cover limits
•    The proposed commencement date

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