group business insurance
Group Life Cover
The benefit is normally in the form of a lump sum equivalent to a multiple of annual salary, usually two times annual salary. Cover is compulsory for all employees. The lump sum is payable in the event of death of a member while still in active employment of the participating employer. The benefit is payable to the employer for/ and on behalf of the claimant’s dependents.
Group Credit Life Assurance
This cover is meant to provide cover to the creditor. In the event of death or permanent disability the policy will clear the outstanding balance. Temporary disability is also covered, a maximum of six installments will be paid during the time that a debtor is temporarily disabled.
Group Funeral Cover
The cover provides a cash sum towards funeral expenses for the employee / member and his/her nominated beneficiaries.
- Can cover up to 6 children <21 years
- Can cover up to 4 parents <75 years
products on offer
- Group Funeral
- Mortgage Life
- Credit Life
- Income Continuation Benefits
- Group Life & Disability
Group life insurance is a foundation of insurance protection for employees and their families, providing protection for a specific period of time and pays a benefit only if the insured dies during the covered term.
who we represent
group life insurers
