Group Life Assurance (GLA)
Death is an emotional and traumatic experience. Our group life benefit, or group life assurance (GLA), offers a risk insurance benefit for your employees for the eventuality of loss of life. Our solution helps alleviate the financial strain for your employees’ families during these difficult times by paying them a lump sum benefit.
With our tailor-made approach, you have the flexibility to choose from the best multiple of salary or fixed Sum Assured for your employees. This way you can ensure that their compensation will be adequate to protect their families when they are in financial need’.
- Lump sum benefits in the event of an employee dying or being temporarily / permanently disabled during the policy period
- Basic Benefits: Death due to any cause
- Additional Benefits: Accidental Death Benefit, Permanent Total Disability (accident or sickness), Permanent Partial Disability (accident or sickness), Temporary Total Disability (accident or sickness), terminal illness, critical illness, passive war risk, repatriation expense, medical expense due to accident.