Group Life Assurance

The Group Life is intended to employers wishing to provide death cover to their employees while in service. The Sum Assured usually represents a multiple of annual salary of each employee. The basic benefit is the payment of a lump sum in the event of the death of a member of the scheme. On top of the main death benefit available in the scheme, a rider benefit, known as Total and Permanent Benefit can also be provided. This benefit allows for accelerated payment of the sum assured in the event of total and permanent disability of the member.