Namibia
Cover for the People Who Power Your Business
Group Life Assurance provides a single policy that pays a lump sum to your employees' beneficiaries if they pass away while insured.
Group Life Assurance
Group Life Assurance gives your employees a single policy that pays a lump sum to their nominated beneficiaries if they pass away while insured. A simple, cost-efficient way for employers to protect their people.
Key features
- Cover up to 10x annual salary
- Cost-effective group pricing
- No medical underwriting for employees below the free cover limit
- Helps with employee retention and attraction
- No waiting periods
Frequently asked questions
Who qualifies for Group Life Assurance coverage?
Typically, employees of the employer or members of the organisation covered under the group policy.
Is medical underwriting required?
No medical underwriting is needed for employees below the free cover limit.
How is the benefit amount determined?
Cover is either a fixed amount or a multiple of the employee's annual salary, customisable by staff category.
When are benefits paid out?
A lump-sum benefit is paid to nominated beneficiaries if a covered member dies while insured.
Is there a waiting period before coverage begins?
No, coverage is effective immediately with no waiting period.
Ready to set up Group Life Assurance?
Request a call back today. A Liberty adviser will help you tailor cover to your needs.