Life / Group Life Insurance

The Pension Reform Act 2004 makes it compulsory that members of staff of an organization are insured against death following an accident and sickness up to “3 x the Annual Earnings".

We offer professional service in Life/Group Life insurance.

The scheme is only for the death of an employee whilst in service. The benefit proposed is five times each member’s annual salary. No payment is made should the employees survive from retirement or withdraws from service.

The Group Life Insurance Scheme will provide benefit to the beneficiaries of the Employers’ deceased staff as a result of death in service. Benefit under the scheme is multiple total annual emoluments (basic salary, transportation and housing allowances).

top