How does your employee benefit package rate against your competitors? Group Life cover is a low cost effective way to provide peace
of mind for your employees, knowing that a provision has been made for their dependants’ financial protection were they to pass away.
Our Group Life Plan can be offered as part of a benefit package to your employees. In the event of death, or total and permanent disability, the
plan would pay out a lump sum as a multiple of the employee's salary to the employee’s loved ones. Our team of professionals can help
you set up a plan that meets your needs.
How Does It Work?
In setting up a scheme you will need to decide upon the level of cover you would like to provide to your employees. Group Life Plans tend to be
designed with a level of cover that is set as a multiple of salary. The level of cover can range from as little as 12 x monthly salary often
up to 36 x monthly salary, or you can even choose a flat amount. The level of cover can also vary by seniority within an organisation.
Remember : It is important to align yourself with your competitors. Although offering a greater level of life
cover may not sway the best recruits' decisions, offering them none or a lower level of cover may leave them looking less favourably at your job proposition.
Why offer a Group Life Plan?
- It is an effective tool to:
1. Attract best talent, and
2. Retain high calibre employees.
- It promotes staff loyalty
- It increases staff motivation
Group Life Plan Advantages
- 24 x 7 protection of employees against death or disability whilst in your service.
- We use our group buying power to secure competitive contribution rates.
- Our products can be customized to meet the needs of specific employee segments, such as your company's management.
- Promotes your image as an ‘Investor in People’, and helps you to attract and retain talent.
A Valuable Employee Benefit
- Group Life cover is a valuable employee benefit.
- For your priority staff, we can arrange medical examinations.
We Commit
- To provide good value products that meet our customers' needs.
- To provide customized solutions for protection needs.
- To price our products competitively.
- To handle claims promptly and provide an excellent service.
