What Is Group Life Insurance at Life

What Is Group Life Insurance. In nigeria, this life insurance is compulsory by law. A group of people includes the employees of a company, society members, or a group of borrowers.

Group life scheme, to the member’s beneficiary. Death benefits we offer group life assurance (gla) either under an independent group life scheme or under a pension/provident fund (approved cover). Typically with an employee life insurance policy, the owner of the life insurance policy is the employer and the life insurance policy covers the employee.

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A group of people includes the employees of a company, society members, or a group of borrowers. Employers commonly offer it as part of a benefits package: Now is the time to consider the pros and cons of group life insurance, and how much is enough. This product is most commonly made available to employees of a company or members of a professional or service organization.