Group Life

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What is a Group Life Insurance Plan?
A Group Life Insurance Plan is an inexpensive investment that provides financial security to the beneficiaries of your employees.

Benefits to you, the employer

  • Relief financial burden for funeral expenses in event of death of an employee
  • Allows your business to enjoy benefits at a competitive premium
  • Enhances your Employee Benefits Package
  • Contributes to better employee retention

Benefits to your employees

  • The lump-sum payment can cover funeral and other expenses
  • Sum insured can be a multiple of annual salaries or fixed amount
  • Provides income for your beneficiaries after your death
  • Can provide disability/dismemberment income to you
  • Better chances of having life insurance through a Group
  • Reduced premiums for Life Insurance as a Group

Requirements to be insured

  • Articles of Incorporation and/or Business Registration
  • Proof of address of Business
  • Company KYC Form
  • Census and Application Forms
  • Groups of 6 or more persons
  • Medical examination may be requested