Group Life Plan
In the modern business environment, it has become increasingly tough for corporate entities to attract and retain good talents. Offering financial security to your employees or members of an organization and their families can prove to be a big motivational factor.
Group Life Assurance is a type of life policy in which a single contract covers an entire group of people. Typically, the policy owner is an employer or an entity such as a labor organization, and the policy covers the employees or members of the group.
This covers death, accidents, temporary or permanent disability and or critical illness. In most cases, the cost of group coverage is far less than what the employees or members would pay for a similar amount of individual protection.