Our Group Life Assurance plan helps compensate your employees’ dependents when your employees lose their income due to death or disability.<\/p>\n
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Insured Events<\/strong><\/p>\n GA Life proposes to provide insurance to Employers:<\/p>\n <\/p>\n Death-in-Service Cover:<\/strong><\/p>\n Payment on this cover is made on death (due to accident or illness) of an employee whilst in service of the employer<\/p>\n Cover is on a 24\/7-Worldwide basis whether death happens at or outside work due to illness or accident.<\/p>\n Cover amount is normally based as a multiple of an employee\u2019s annual basic salary. The cover amount typically ranges from 3 to 5 times annual basic salary.<\/p>\n The employer can provide different scales of benefits to different job categories<\/p>\n <\/p>\n Permanent Total Disability:<\/strong><\/p>\n Payment on this cover is made in case of an employee becoming permanently and totally disabled as a result of accident (whether at or outside work) which disability cannot be cured or treated and which prevents the employee from engaging for income or profit in his own occupation or another occupation for which he is or could reasonably be expected to become qualified by virtue of his knowledge, training, education, ability and\/ or experience<\/p>\n Cover is on a 24\/7-Worldwide basis whether disability happens at or outside work due<\/a> to accident.<\/p>\n Cover amount is again based as a multiple of an employee\u2019s annual basic salary. The cover amount typically ranges from 3 to 5 times annual basic salary and is either equal or less than the Death-in-Service Cover.<\/p>\n The employer can provide different scales of benefits to different job categories as detailed in the Death in- Service Cover.<\/p>\n <\/p>\n Accelerated Critical Illness:<\/strong><\/p>\n Payment on this cover is made when an employee is positively diagnosed of a defined critical illness for the first time in his life<\/p>\n Cover is on a 24\/7-Worldwide basis whether illness is diagnosed at or outside work.<\/p>\n Cover amount is a percentage of the employee\u2019s Death-in-Service cover up to a certain maximum limit. The cover amount typically is 30% of the Death-in-Service cover up to a maximum of KShs. 2 Million.<\/p>\n The cover is accelerated meaning that in case of first positive diagnosis of a critical illness there is an advance payment of 30% of the Death-in-Service cover so that the employee can take care of his immediate medical needs to manage the illness. In addition, if the employee dies after being paid the critical illness cover, he shall be further entitled to the remaining 70% of his Death-in-Service cover. Critical Illness are defined as:<\/p>\n <\/p>\n Funeral Expenses:<\/strong><\/p>\n Payment on this cover is made immediately (within 48 hours) on death of an employee to help his family take care of his immediate funeral\/burial arrangements and expenses.<\/p>\n Cover is on a 24\/7-Worldwide basis whether death happens at our outside work due to accident or illness.<\/p>\n Cover amount is normally a fixed amount. The cover amount typically ranges from KShs.10,000 to KShs.100,000 per employee<\/p>\n Group Life Assurance plan\u00a0can also be provided as an accelerated benefit with no additional premium charged.<\/p>\n <\/p>\n Term<\/strong><\/p>\n This is a 12 month policy renewable yearly thereafter.<\/p>\n <\/p>\n Medicals<\/strong><\/p>\n Medical examinations may be required<\/p>\n <\/p>\n Premiums<\/strong><\/p>\n As the cover is for a group of people, the premiums are economical (due to law of large numbers) compared to if a life insurance was sought for each employee on his own<\/p>\n Premiums depend on the ages and cover amounts of the employees<\/p>\n Premiums are payable annually in advance in full<\/p>\n New employees can join in the Policy at any time during the policy term and pro-rate premiums shall be charged<\/p>\n Cover for employees leaving employment<\/a> at any time during the policy term shall be terminated on the date of exit and pro-rata premiums shall<\/a> be credited to the Policy.<\/p>\n <\/p>\n Quotation<\/strong><\/p>\n For a Group Life Assurance & Rider Benefits quote, we require the following:<\/p>\n Our Group Life Assurance plan helps compensate your employees’ dependents when your employees lose their income due to death or disability. Insured Events GA Life proposes to provide insurance to Employers: In case of death (due to accident or illness) of its Employee whilst in their employment In case of permanent & total disability […]<\/p>\n","protected":false},"featured_media":0,"parent":0,"menu_order":0,"template":"","class_list":["post-7481","insurance","type-insurance","status-publish","hentry"],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\n
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