Group Life Insurance.

To employers?

• Financial certainty since risks has been transferred to insurer.
• Boosts employee morale and increases job satisfaction and motivation.
• Enhances staff retention to an employer
• Attracts good talent due to the improved benefits. 

 

To members?

• Members can carry on their day today duties with knowledge that their beneficiaries will be well taken care of incase their untimely death.
• The member can access the funds to pay for medical expenses for some critical conditions.
• The dependents can access funds to pay school fees and education related expenses in event of untimely death of the employee.
• The family of the deceased member can also use funds in the policy to clear loans, pay deposits for car, house etc.
• A member can also use the funds to purchase mobility aids such as wheel chairs, artificial limbs etc. in case of disability

Primary death benefit

The policy provides cover against death due to accidental and natural causes. The benefit is payable to the employer for onward transmission to the nominated beneficiaries.

Free cover limit

We offer a generous Free Cover Limit. This means members whose sums assured fall within this limit will not be required to undergo medical examination.

Critical illness rider

A Free Critical Illness benefit equivalent to a percentage of Group Life sum assured subject to a maximum of Kshs. 12,000,000 per person is payable on the first time diagnosis of any of the following diseases; heart attack, stroke, cancer, coronary artery disease surgery, major organ transplant, kidney failure, paraplegia or paralysis.

Last expense benefit

An optional Funeral Expense Benefit of up to Kshs. 200,000 per person can either be purchased separately or be taken as an advance payment of the main Group Life benefit. Spouse and children of the staff members can also be covered at a minimal cost.

Disability benefit

An optional disability benefit can be included into the cover to ensure a payout in case of a permanent total disability occurring to an employee.

Combined Group Life, GPA/WIBA cover

This is a product targeted at SME’s and aims to reduce the cost of insurance while increasing the benefits to the insured. It seeks to reduce the duplicity among the Group Life, Group Personal Accident/WIBA covers hence minimizing on the cost. It is also easier to administer. Our cover does not exclude passive war, riots, terrorism and related risks

What are requirements for a quotation?

• Name of employer
• Number of employees
• Monthly salary details
• Dates of birth of employees
• Scope and level of cover needed