Group Life Products

Group insurance may be defined as a method of providing insurance coverage to a group of people under one contract. By means of a single Master Policy, a group of individuals can be insured on terms that would typically be more beneficial than if the insured’s were to secure the cover independently. These are mainly provided by employers as benefits for their employees.

Group life products cover the life insurance (GLA), occupational disability, permanent Health, Credit life and mortgage assurance plans. Other group products are group funeral benefits which may be voluntary or be paid for by the employer.