Group Life Cover
Group Life Assurance is a yearly renewable cover usually taken out by an Employer on the lives of the Employees as a group. The aim is to protect employees against risk of being unable to work due to illness or injury or, in the worst instance death. Under this Plan, the employer is able to provide death benefits to the dependents of the employees who die in service.
Their families can then be provided with help at a time when it is most needed. In doing so, the employer will avoid a potentially difficult situation both morally and financially without placing undue strain on the company’s resources.
What we Cover
Employees perform better when they know that there are provisions for their financial protection if they are unable to carry on their tasks.
Since Employees are the real assets of a business, it is the duty of the employer to ensure their safety. Compensation in case of disability or death, will make them rely on the company. The company will also be able to retain the best talent.