Employee Life Cover
Provides life cover to eligible employees under the group policy, with the benefit payable on covered death during the policy period.
Group Term Life Insurance
Protect Your People. Secure Their Families.
Group Term Life Insurance provides employer-sponsored life cover for your employees, giving their families financial protection and strengthening your employee benefits.
Employee Life Protection
Financial Security for Families
Employer-Sponsored Benefit
Flexible Sum Insured Options
Customised Employee Coverage
What Is Group Term Life Insurance?
Understanding Group Term Life Insurance
Group Term Life Insurance provides employer-sponsored life cover to employees under a single policy, paying the life benefit to the designated beneficiary if a covered employee dies during the policy period.
What Does It Cover?
- Life cover for eligible employees
- Death benefit during the policy period
- Financial protection for employee's families
- Flexible sum insured structures
- Coverage for eligible employee categories
Example:
If a covered employee passes away during the policy period, the applicable sum insured can be paid to the designated beneficiary in accordance with the policy terms, helping provide financial support to the employee's family.
Coverage Components
Comprehensive Protection At Every Level
Financial Protection for Families
The death benefit supports the family of a covered employee with household expenses and other financial commitments.
Employer-Sponsored Life Benefits
Employers can offer life insurance as an employee benefit, with cover structured around workforce requirements and the selected policy design.
Flexible Sum Insured Options
Cover can use fixed, salary-linked, designation-based or other eligible benefit structures, depending on the insurer and policy terms.
Additional Protection Benefits
Where available and selected, additional benefits or riders may enhance employee protection, subject to terms and conditions.
Employee & Family Financial Security
Group Term Life Insurance can be part of an employee welfare programme, adding financial protection for employee's families.
Advisory Support
Protect Your Employees Before Risk Finds You
Life cover is key to benefits. We structure Group Term Life Insurance around your workforce and budget.
- 1.
Workforce Assessment & Needs Analysis
We understand your workforce, salary bands and existing benefits to identify suitable life insurance solutions.
- 2.
Plan Design & Placement
Our specialists structure eligibility, sum insured, benefit design, and optional enhancements and negotiate suitable terms with insurers.
- 3.
Policy Documentation & Employee Support
We coordinate employee data, enrolment, policy documentation and benefit communication to support smooth implementation.
- 4.
Dedicated Claims Assistance
Our team supports the organisation and beneficiaries through claims, including documentation, insurer coordination and assistance.
- 5.
Annual Policy Review & Renewal
We review workforce changes, benefit structures and claims experience to keep the programme aligned with your needs.
Ready To Explore Group Term Life Insurance?
Protect your employees with life insurance designed to provide meaningful financial security for their families.
Frequently Asked Questions
Answers to Common Insurance Queries
Benefits can be aligned with employee grades, salary multiples, fixed sums assured or other agreed structures, depending on employer objectives and insurer terms.
New joiners, exits, age changes and changes in employee categories can alter the insured population and require appropriate policy administration.
Equirus Raghnall evaluates employee census, benefit design, eligibility, existing coverage and insurer underwriting requirements before placement.
Changes in the employee population are coordinated with the insurer to maintain accurate coverage and premium adjustments where applicable.
