Group Life Assurance

Group Life Assurance scheme which the Mauritian Eagle Insurance Company Limited has designed is to enable employers of different firms to ensure the payment of an adequate pre-determined sum of money to the family in the event of death of any of the employees while in service.

Benefits

The basic benefit under a Group Life Assurance scheme is the payment of a cash lump sum in the event of the death of a member of the scheme.

Cash benefit usually represents two years' salary or 26 monthly salary of the employee subject to limitations of the existing Income Tax Regulations.

On top of the main death benefit available in the scheme, we can also provide an additional benefit, that is, the Total and Permanent Disability benefit which is usually of the same death sum assured.

Basically, this benefit allows for accelerated payment of the sum assured in the event of total and permanent disability of the member.

Generally Group Life Assurance schemes are underwritten on a non-contributory basis and in this case, membership of the scheme can be made compulsory for all eligible employees.