Strength in Numbers: Group Life Insurance for Your Team's Security
The Group Life assurance policy provides cover for the employees against loss of life caused by natural death in the cause of employment. This is compulsorily required by law (Pension Act 2004) to be effected by every employer with a minimum of Five employees to provide a lump sum benefit (at least three times annual remuneration) to the family of any of their employees who may die while in active service and/or in the course of employment with the organization. The premium payable is determined by the sum insured/benefit (at least 3 times remuneration) and the Age next birthday of the employees.
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- +234 916 262 1615
- info@micmadinsurancebrokers.com
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