Group life

Group Life is an important element of competitive global business employee benefit plans. It acts as the basis of a flexible package that is tailored to fit the needs of one of your company's most valuable assets: your management and their highly skilled employees.

Group Life provides a lump sum benefit, subject to satisfactory underwriting, if an insured employee dies due to accident or illness. You can add it to existing covers already in effect, combine it with other covers or purchase it as the foundation of your group insurance. Flexible enough to meet your requirements, individual because no two company's needs are exactly the same. Group Life main cover, another value added risk management product from Zurich International Solutions.

COVER
You receive a lump sum benefit if an insured employee dies due to an accident or illness.
The cover can be compulsory or voluntary.
Suicide and homicide are covered
You can choose the term age up to 65 years, extendible to 70 for certain occupational classes.
If you wish to cover only death due to illness, select Group Life Natural Death Only product cover.
You may choose to make premium payments in most major convertible currencies.

BENEFIT
If the benefit becomes due, it is paid in one lump sum benefit.
You may base the benefit on an employee's salary or specify a fixed amount.
The benefit can be paid in most major convertible currencies.

LIMITATION
For cover on a voluntary basis, suicide is included only after the employee has been an insured staff or plan member for a minimum of three years.
Waiver of Premium (WOP) is not automatically included Please refer to Cover Combinations Table for available combinations.