Group Life is another insurance which is on offer to businesses. It is a unique life insurance product designed to offer protection to employees throughout their employment up till retirement.
This policy is becoming a common incentive offered by employer to its employees.
What does it cover?
Death
Total Permanent Disability
Partial Total Disability
Temporary Disability
Critical illness
Last expense
Medical Expenses
Accumulated Cash and Bonus at Retirement
PREMIUMPolicies with sum assured from SCR50,000, the policyholder is entitled to SCR25,000 free funeral cover until the policy matures.