Group Life Insurance Scheme
The Group Life Insurance Scheme is a Death- In- Service plan that provides the payment of benefits to the dependant(s) of any member that dies or suffers permanent disability.
ADVANTAGES OF THE SCHEME
- The proceeds of the policy could be used to defray the burial expenses of any member that dies while still a member of the organization
- The lump sum that is payable creates an immediate estate for dependants of the deceased member.
Benefits
- The cost of Medical Assessments (where necessary) will be borne by the Insurer.
- Permanent Disability cover for staff earning N1m and above
- Installmental payment plan available