Group Life Insurance

With Group Life Insurance, an entire group of people is covered with life insurance under a single contract. It is usually more suitable to be offered by employers to their employees, or for any large entities, such as group associations and organisations.
Insuring as a group costs less than insuring individually.

Benefits offered:

• Death, due to any cause – 100% Sum Insured Payable.
• Additional Accidental Death Benefits – 100% Sum Insured Payable.
• Permanent Total Disability (Accidental) – 100% Sum Insured, 12 months deferred period (for own or any other occupation).
• Permanent Total Disability (Sickness) – 100% Sum Insured payable, 12 months deferred period (for own or any other occupation).
• Permanent Partial Disability (Accidental) – Compensation payable, as per Continental Scale of Benefits, based on 100% of Life Sum Insured.
• Permanent Partial Disability (Sickness) – Compensation payable as per Continental Scale of Benefits, based on 100% of Life Sum Insured.
• Temporary Total Disability (Accidental) – A weekly benefit of 100% of the actual weekly salary, for a maximum period of 52 weeks, Nil day waiting period.
• Temporary Total Disability (Sickness) – A weekly benefit of 100% of the actual weekly salary, for a maximum period of 52 weeks, 7 day waiting period.
• Medical Expenses (Accidental).
• Repatriation Expenses of Mortal Remains.

Coverage

The amount of coverage offered is typically equal to one or two times the annual salary of the insured employee. There are a variety of coverage options to choose from based on your requirements.

The insurance remains in force unless the employment is terminated.

For more information about our coverage options, contact our Medical Department.