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