Group Life Assurance

Group Life Assurance

The pension reform act 2004 requires every employer of labour to maintain life Insurance policy in favor of all their employees for a minimum of three times the annual total emolument.

The Act has therefore made it statutorily compulsory and has also imposed full responsibility on any organization with five or more to maintain group life assurance for their employees.

The group life assurance is designed to provide a lump sum cash benefit to the dependants of employees who may die while in service of the employer. This will cushion the financial stress /hardship occasioned by such death.

Other available insurance covers

Public Liability

This policy is designed to cover all sums which shall become legally liable
+

Home Insurance

This is an all-embracing policy specifically designed for landlords
+

All Risk

This policy is all-embracing, providing cover against loss of insured’s item
+

Goods in Transit

All risks (including strike, riot, and civil commotion) of physical loss or damage
+