GROUP LIFE ASSURANCE
GROUP LIFE ASSURANCE
Group Personal Accident (GPA) Provides 24-hour worldwide protection for your employees against bodily injuries, death or permanent disabilities arising from accident. GPA is a cost-effective means of cover should one of your workers be involved in an accident on site or elsewhere. Our policies include War and Terrorism cover as standard, and Medical Evacuation expenses can also be included.
The categories of personnel covered under the policy are: Class 1 — Professionals, clerical and administrative classes, shopkeepers and other non-manual workers Class 2 — Butchers, fishmongers, greengrocers, tradesmen Class 3 — Persons using power-driven machinery, carpenters, motor mechanics, working engineers, veterinary surgeons, van and lorry drivers, builders and blacksmiths
This is compulsory by virtue of the PENSION ACT of 2004. Group Life Assurance complements the pension contribution made by employees. The insurance covers death of an employee while in active service, with minimum benefits of 3 times annual emoluments (basic, housing and transport allowances) prescribed by the act.
This is compulsory by virtue of the PENSION ACT of 2004. Group Life Assurance complements the pension contribution made by employees. The insurance covers death of an employee while in active service, with minimum benefits of 3 times annual emoluments (basic, housing and transport allowances) prescribed by the act.