Group Life
Group Life Assurance is a form of term assurance designed in compliance with The Pension Reform Act of 2014. The scheme provides a sum payable to the dependants of a member who dies in the service of the employer. The sum assured (i.e. death benefit) for each member is calculated as multiples of employee annual emolument as defined by the Act. We also design this policy to meet the needs of groups such as associations, clubs, etc. who are not required by law to take up the policy. Our package includes add on such as critical illness, funeral expenses, spouse cover, double accident, etc.