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Group life insurance is a type of life insurance in which a single contract covers an entire group of people. Typically, the policy owner is an employer, and the policy covers the employees or members of the group. Group life insurance is often provided as part of a complete employee benefit package.
Tip. Work with Edge to explore all your options. Attracting and retaining top talent necessary to keep your business moving forward is directly related to the benefits package you offer, not just the salary for the position. Group life insurance is seen as a vital employee benefit, and is one of the most highly valued by employees. Knowing that your employees are well protected and assisted in times of need will lead to improved company productivity and performance.
Benefits that can be provided with Group Life Insurance covers:
The provision of group life cover demonstrates that the employers recognizes the value of their employees and care about the welfare and financial security of their families.
We work hard to deliver outstanding service, quality products and customized solutions. Contact us today for free quotes, from a panel of insurance providers, and to help you build the right insurance plan for your employees to ensure they are provided with the highest standards of security and protection.
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Your business insurance needs will depend on several factors and understanding it all can be complex and time consuming. One thing you can’t afford is to put your business at risk by choosing the wrong type of insurance. A professional Insurance Broker like Edge has the knowledge and expertise to identify what the most appropriate cover is for your needs and will take the time to explore and explain your options to you.
Not only do we ease the stress and deliver peace of mind, but we find you the most appropriate cover at the right price. We provide guidance when you need it and we accurately present your risk, understand your needs, as well as study the market, the covers available, the differences between the insurance providers, and what the implications of those differences are for you. We also deal with your claims on your behalf.
Life insurance protects the earning power of the individual in case of a death or disability.
The basis of the sum insured can be a multiple of the salary or a lump sum. In this region, the trend is one or two times the annual salary of the insured employee.
Generally, your employer pays the premium and agrees the level of cover to be provided.
Employees actively at work from ages 18-65 can be covered. However, dependents cannot be covered under Group Life insurance.
The insurance remains in force unless the employment is terminated.
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Look for a broker who goes above and beyond – Look for Edge!
Edge Insurance Brokers is an independent insurance brokerage created to be one with a difference that will afford clients with added value in return for their confidence and long-term allegiance. Our expertise in every facet of risk and across different industries help our clients foresee, quantify, and better comprehend the range of risks they may face.
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+971 7 244 4458
info@edgeinsbrokers.com
