This is a policy issued to the employers who wish to provide financial protection for the families of their employees in event of death of the employee.
- Benefits are a multiple of one’s annual salary-hence easy to calculate. Assured payment of benefits on death from whatever cause.
- Employer chooses benefit (amount of money affordable for each member)
- To be on cover a small premium is paid once a year not every month like in other companies.
- Claims are settled within 48 hours on reception of supporting documentation.
- Age limit is between 1 and 65 years.
- Death in service benefit which is a multiple of annual salary.
- Optional benefits for critical illness and personal accident.
- Assurance of a decent send off in case of death.