Group Life Assurance Policy

The policy covers:

  • Deaths of employee while in the service of the employer either death resulting from accident or through natural causes.
  • Permanent disability though disability must be 100%
  • Additional cover like burial expenses can be added at extra cost.

Life Assurance Benefits

In the event of the death of a member during service with the employer, a life assurance benefit (or sum assured) of three times the annual emolument (which usually comprises basic salary, transport and housing allowance) shall be payable.