Group Life Policy

Empowering organizations to provide financial security and peace of mind for employees and their families. This blanket policy guarantees a lump sum payout to beneficiaries in the event of an employee's demise or permanent disability.

Service Details

Why choose Group Life Insurance?

  • Highly competitive group premium rates
  • Guaranteed minimum death benefits for employee families
  • Coverage against total or partial permanent disability
  • Increases staff retention, morale, and company loyalty
  • Tax-deductible premiums for the organization

Flexible Coverage Options

The Group Life policy provides life cover as a death-in-service benefit on an annual renewable basis with modest premiums. We offer flexibility in determining the sum assured:

  • Salary Multiple: Set as a lump sum of 1, 2, or 3 times the employee’s annual basic salary.
  • Fixed Categories: Assign fixed sum assured amounts based on employee categories:
    • Category A: Le 30,000,000.00
    • Category B: Le 25,000,000.00
    • Category C: Le 10,000,000.00

Quotation Requirements

In order to provide a firm quotation, the following information is required for each employee:

  • Full Name
  • Annual Salary and chosen Sum Assured amount
  • Date of Birth
  • Completed Group Life Proposal Form

Frequently Asked Questions

Employee lists can be updated quarterly to add new staff members or remove those who have departed, keeping your premiums perfectly aligned.

The benefit is typically calculated as a multiple of the employee's annual salary (e.g., 3x or 4x), guaranteeing scalable financial protection.
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